Bank OZK, which has behind some of the largest condo loans in New York and Miami, reported a drop in fourth-quarter net income and reported the rating on one of its loans had been downgraded. The Arkansas-based bank’s stock fell 5 percent shortly after news of its earnings was released Friday morning. Bank OZK’s earnings are closely watched since they are viewed as an indicator of the condo market and the demand for large-scale construction
source https://therealdeal.com/2020/01/17/condo-lender-bank-ozk-reports-lower-profits-in-q4/
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