Bank of the Ozarks today reported record income of $87.8 million for the fourth quarter 2016 and record income of $270.0 million for the full year of 2016. The record earnings for the full year of 2016 represent a 48.1% increase from the full year of 2015.
George Gleason, Chairman and Chief Executive Officer, stated:
“We are very pleased to report our record results for both the fourth quarter and full year of 2016, including quarterly and annual records in net income, diluted earnings per common share, net interest income, service charge income and trust income, as well as quarterly growth of $845 million in non-purchased loans and leases, an excellent 5.02% net interest margin, a superb 34.3% efficiency ratio and pristine asset quality.”
Access the full Bank of the Ozarks 2016 earnings announcement HERE.