Bank of the Ozarks Announces Second Quarter 2018 Earnings

On July 11, 2018, Bank of the Ozarks reported that net income for the second quarter of 2018 was $114.8 million, a 26.8% increase from the second quarter of 2017. Diluted earnings per common share for the second quarter of 2018 were $0.89, a 21.9% increase from the second quarter of 2017.

George Gleason, Chairman and Chief Executive Officer, stated, “We are very pleased to report another excellent quarter, continuing our long tradition of achieving industry-leading results quarter after quarter. Our 2.10% annualized return on average assets, 4.66% net interest margin, 35.2% efficiency ratio, and 0.07% annualized net charge-off ratio for total loans are just a few among many highlights in the quarter. In addition, our non-purchased loans have grown $3.2 billion, or 28.6%, over the last four quarters. Our outstanding team continues to work hard delivering great results for both our shareholders and customers.”

You can read the full earnings report HERE and management comments HERE.