Bank Of The Ozarks Earnings Slip
by October 11, 2011 7:00 pm 58 views
Bank of the Ozarks reported third quarter net income of $18.9 million, a 6.5% decrease from $20.2 million for the third quarter of 2010.
Diluted earnings per common share were $0.55, a 6.8% decrease from $0.59 for the third quarter of 2010. On August 16, Bank of the Ozarks completed a two-for-one stock split in the form of a dividend payment.
The Little Rock-based bank holding company has been on an acquisition spree during the past year, but made no FDIC-assisted transactions in the last quarter.
For the nine months ended September 30, 2011, net income totaled $83.8 million, a 77.9% increase from net income of $47.1 million for the first nine months of 2010. Diluted earnings per common share for the first nine months of 2011 were $2.43, a 76.1% increase from $1.38 for the first nine months of 2010.
Bank of the Ozarks’ deposits were $3.05 billion on September 30, a 26% increase from $2.42 billion at September 30, 2010, but a 3.9% decrease from $3.17 billion at June 30, 2011.
Total assets were $3.93 billion at the end of the quarter, up 23.8% from $3.18 billion at September 30, 2010, but a 2.4% decrease from $4.03 billion at June 30, 2011.