Alarm Bells for CRE Lenders after Bank OZK’s Bad Quarter
National Mortgage News, Oct. 19, 2018–John Reosti (subscription)
Bank OZK in Little Rock, Ark., did more than stub its toe when it reported lower profit tied to two big chargeoffs. The $22 billion-asset company may have lost the confidence of investors for the foreseeable future, even though management used an earnings call to passionately defend its heavy reliance on commercial real estate lending, where the chargeoffs took place.
