The stock of Dallas regional bank First Foundation plummeted following a $228 million infusion, the latest reminder that commercial real estate challenges for some regional lenders are far from over.
Bank OZK (OZK) raises its quarterly dividend by 2.6% to 40 cents per share. This marks the 56th consecutive quarter of a dividend hike.
Bank OZK's (OZK) ratings and outlook are affirmed by Moody's. This indicates solid financial metrics, while concerns remain in the form of substantial CRE concentration.