NON-INTEREST EXPENSENon-interest expense for the first quarter of 2012 increased 9.2% to $28.6 million compared to $26.2 million for the first quarter of 2011, but decreased 2.5% compared to $29.3 million for the fourth quarter of 2011. Non-interest expense for the first quarter of 2011 included pre-tax acquisition and conversion costs related to FDIC-assisted acquisitions of approximately $1.4 million. There were no acquisition and conversion costs included in the Company’s results in the first quarter of 2012. The Company’s efficiency ratio for the first quarter of 2012 improved to 47.7% compared to 51.0% for the first quarter of 2011 and 48.1% in the fourth quarter of 2011.
Bank Of The Ozarks, Inc. Announces First Quarter 2012 Earnings
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