Bank of the Ozarks announced in the press release that net income for the fourth quarter of 2017 was a record $146.2 million, a 66.5% increase from $87.8 million for the fourth quarter of 2016. For the full year of 2017, net income was a record $421.9 million, a 56.3% increase from net income of $270.0 million for the full year of 2016.
George Gleason, Chairman and Chief Executive Officer, stated, “We are pleased to report our excellent results for 2017, including annual records for net income, diluted earnings per share and net interest income, excellent asset quality and continued strong growth in both the funded and unfunded balance of our non-purchased loans.”
Management will conduct a conference call to discuss its quarterly and year end results at 10:00 a.m. CT (11:00 a.m. ET) on Tuesday, January 16, 2018. Interested parties may listen to this call by dialing 1-844-818-5110 (U.S. and Canada) or 210-229-8841 (internationally) and asking for the Bank of the Ozarks conference call.