Bank of the Ozarks (OZRK) Tops Q3 EPS by 1c

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Go back to Bank of the Ozarks (OZRK) Tops Q3 EPS by 1c

Bank of the Ozarks, Inc. Announces Third Quarter 2015 Earnings

October 13, 2015 5:00 PM EDT

LITTLE ROCK, Ark.--(BUSINESS WIRE)-- Bank of the Ozarks, Inc. (NASDAQ: OZRK) today announced that net income for the third quarter of 2015 was $46.1 million, a 43.7% increase from $32.1 million for the third quarter of 2014. Diluted earnings per common share for the third quarter of 2015 were $0.52, a 30.0% increase from $0.40 for the third quarter of 2014.

The Companys results during the quarter just ended included approximately $2.9 million of acquisition-related and systems conversion expenses and $0.2 million of software and contract termination charges. Net of applicable income taxes, these items, in the aggregate, reduced the... More