Bank of the Ozarks (OZRK) Tops Q1 EPS by 5c
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Bank of the Ozarks, Inc. Announces First Quarter 2015 Earnings
April 13, 2015 5:00 PM EDTLITTLE ROCK, Ark.--(BUSINESS WIRE)-- Bank of the Ozarks, Inc. (NASDAQ: OZRK) today announced that net income for the first quarter of 2015 was $39.9 million, a 57.8% increase from $25.3 million for the first quarter of 2014. Diluted earnings per common share for the first quarter of 2015 were $0.47, a 38.2% increase from $0.34 for the first quarter of 2014.
The Companys results during the quarter just ended included $2.3 million of tax-exempt income from bank owned life insurance (BOLI) death benefits, $2.5 million in net gains on sales of investment securities, $2.5 million in prepayment penalties from prepaying Federal Home Loan Bank (FHLB) advances,... More
