Little Rock, Ark.-based Bank OZK posted third-quarter net income available to common shareholders of $103.9 million, or 81 cents per share, up from $74.2 million, or 58 cents per share, in the year-ago quarter. This was a drop from its second-quarter net income of $110.5 million.

The bank's results for the third quarter of 2018 included name-change and strategic rebranding expenses of $10.8 million and net charge-offs of $45.5 million on two unrelated credits.

The S&P Capital IQ consensus estimate for GAAP EPS for the third quarter was 82 cents.

The company's total loans were $17.73 billion as of Sept. 30, up from $16.73 billion on Sept. 30, 2018. The bank's provision for loan losses was $7.9 million, down from $41.9 million in the year-ago quarter.

Its total deposits rose to $18.44 billion at the end of the quarter, compared to $18.19 billion at the end of the second quarter.

The bank's net interest margin was 4.26%, down from 4.47% in the year-ago quarter.