Little Rock, Ark.-based Bank OZK posted fourth-quarter net income available to common shareholders of $115.0 million, or 89 cents per share, compared to $146.2 million, or $1.14 per share, earned a year earlier.
The S&P Global Market Intelligence consensus estimate for GAAP EPS for the latest quarter was 83 cents.
Total loans for the quarter stood at $17.12 billion, up from $16.04 billion a year ago. Total deposits were $17.94 billion at the end of the quarter, compared to $17.19 billion a year earlier.
During the fourth quarter of 2017, the bank recognized a one-time income tax benefit of $49.8 million as a result of the revaluation of the bank's net deferred tax liability position, to reflect the decrease in its federal corporate income tax rate to 21% from 35%, from tax reform enacted Dec. 22, 2017.
For full year 2018, the bank reported net income available to common shareholders of $417.1 million, a 1.1% decrease from $421.9 million for full year 2017. EPS for the full year was $3.24, a 3.3% decrease from $3.35 earned last year.
The S&P Global Market Intelligence consensus estimate for GAAP EPS for the whole year was $3.18.