- During his 40+ years at the helm, George Gleason has grown assets nearly 1,000-fold. This, along with a stellar dividend history, leads many investors to gloss over problems.
- While the pandemic has obviously created big problems for commercial lenders, it's not so obvious due to a new GAAP accounting loophole.
- As of last quarter, OZK has nearly $1 billion of loans lurking in this loophole.
- The next quarterly earnings, due later this month, should tell us whether this is a transient problem. or something scarier.
For further details see:
Bank OZK Might Be Hiding Up To $1 Billion In Bad Loans