Bank OZK reported $420M of foreclosed assets at September 30, 2026, compared with $293M at June 30 and $79M at September 30, 2025. The year-over-year comparison is approximately 5.3 times, calculated from the reported figures.
The bank’s management comments identify a Boston, Massachusetts life-science property transferred to foreclosed assets after a pending sale failed to close. The transfer followed a $37.3M charge-off based on a new appraisal and the bank’s assessment of market conditions.
Bank-wide net income available to common stockholders was $164.3M in Q3, down 9% year over year. This is not RESG profit.
RESG reported $5.24B of originations and $9.16B of repayments and other activity over four quarters. Analysis: Subtracting these activity measures does not establish a $4B change in funded loan balances.
Analysis: Quarter-end foreclosed-asset values do not establish a bank-wide default rate.
Key Takeaways
- Foreclosed assets were approximately 5.3 times the year-earlier amount, derived from $420M divided by $79M.
- The $37.3M Boston charge-off is a disclosed credit event; $164.3M is bank-wide common-stockholder net income.
- Analysis: RESG originations and repayments and other activity must not be presented as cash lent versus cash repaid or as measured net balance runoff.
Bank OZK, Third Quarter 2026 Earnings and linked Management Comments, October 20, 2026 · https://ir.ozk.com/news-releases/news-release-details/bank-ozk-announces-third-quarter-2026-earnings · The earnings release reports bank-wide Q3 net income available to common stockholders of $164.3M, down 9% year over year. Management Comments page12 reports $5.24B of RESG originations and $9.16B of repayments and other activity over four quarters. Page23’s quarter-end table reports foreclosed assets of $79M at September30,2025, $293M at June30,2026 and $420M at September30,2026. Page25 identifies the Boston, Massachusetts life-science property: a pending sale failed to close; the property transferred to foreclosed assets following a $37.3M charge-off based on a new appraisal and the bank’s assessment of market conditions. Derived comparison: $420M/$79M is approximately5.3 times. Analyst method note: activity totals are not measured funded-balance runoff, and asset values are not a default rate.
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