Jordan Gant's questions to Bank Ozk (OZK) leadership • Q1 2025
Question
Jordan Gant from Stephens Inc. asked for an update on the RESG loan mix target and sought color on a Maryland land loan that was moved to substandard accrual despite a low LTV. He also inquired about the marketing plans for the foreclosed Chicago land loan.
Answer
Chairman and CEO George Gleason confirmed the trend of RESG becoming a smaller percentage of the loan book continues, but did not reaffirm a specific target. President Paschall Hamblen explained the Maryland loan's rating is due to its complexity as a land development project. Regarding the Chicago property, Gleason stated the bank will be patient to find the right sponsor but has already received significant unsolicited interest, viewing the city's involvement as a positive.