What happened Shares of Bank OZK (NASDAQ: OZK) closed nearly 12% higher on Friday, well outpacing both the broader stock market and many fellow banks. This followed the release of the bank's Q1 of fiscal 2020 results, which actually revealed a scary drop in net profit and sinking revenue. So what Bank OZK's net income for the quarter was $11.9 million, down almost 90% from Q1 2019. Revenue fell 6% to slightly under $300 million. Image source: Bank OZK. However, that revenue figure was higher than analyst expectations, and while the bottom line was far below them, there was a valid reason for the sharp decline -- loan loss provisioning. This earnings season for banks is marked by dramatic increases in that line item, as loan defaults are expected to shoot far higher due to the economic damage caused by the SARS-CoV-2 coronavirus. In Bank OZK's case, loan loss provisions increased by a multiple of nearly 20, to almost $118 million in Q1. Now what Bank OZK said its crucial real estate loan portfolio -- which is concentrated in big cities like New York and Miami -- has been holding up well so far. In fact, it sees that portfolio strengthening, as other lenders retrench in the wake of the coronavirus and provide opportunity to grab market share. Investors on Friday seemed to appreciate that Bank OZK is still profitable despite that heavier provisioning, and appears better positioned than many of its peers to at least ride out the coronavirus pandemic. 10 stocks we like better than Bank of the OzarksWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Bank of the Ozarks wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 16, 2020 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source