Bank of the Ozarks (OZRK) Tops Q4 EPS by 1c
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Bank of the Ozarks, Inc. Announces Record Fourth Quarter and Full Year 2015 Earnings
January 14, 2016 5:00 PM ESTLITTLE ROCK, Ark.--(BUSINESS WIRE)-- Bank of the Ozarks, Inc. (NASDAQ: OZRK) today announced that net income for the fourth quarter of 2015 was a record $51.5 million, a 48.1% increase from $34.8 million for the fourth quarter of 2014. Diluted earnings per common share for the fourth quarter of 2015 were $0.57, a 32.6% increase from $0.43 for the fourth quarter of 2014.
The Companys results during the quarter just ended included $6.4 million in prepayment penalties from prepaying Federal Home Loan Bank of Dallas (FHLB) advances, $2.2 million of severance costs associated with the consolidation of Stabilized Properties Group (SPG) and its... More
