This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bank Of The Ozarks, Inc. Announces Second Quarter 2012 Earnings

Non-interest income for the first six months of 2012 was $29.5 million, a 66.5% decrease from $88.0 million for the first six months of 2011. Results for the first six months of 2011 included a pre-tax bargain purchase gain of $65.7 million on three FDIC-assisted acquisitions.

Service charges on deposit accounts increased 7.0% to $4.91 million in the second quarter of 2012 compared to $4.59 million in the second quarter of 2011. Service charges on deposit accounts were $9.60 million for the first six months of 2012, a 14.0% increase from $8.42 million for the first six months of 2011.

Mortgage lending income increased 109.5% to $1.33 million in the second quarter of 2012 compared to $0.63 million in the second quarter of 2011. Mortgage lending income was $2.43 million in the first six months of 2012, an 84.7% increase from $1.31 million in the first six months of 2011.

Trust income for the second quarter of 2012 increased 10.6% to $0.89 million compared to $0.80 million for the second quarter of 2011. Trust income was $1.66 million in the first six months of 2012, a 4.9% increase from $1.59 million in the first six months of 2011.

Income from accretion of the Company’s FDIC loss share receivable, net of amortization of the Company’s FDIC clawback payable, was $2.04 million in the second quarter of 2012, a decrease of 30.4% compared to $2.92 million in the second quarter of 2011. For the first six months of 2012, income from accretion of the Company’s FDIC loss share receivable, net of amortization of the Company’s FDIC clawback payable, was $4.34 million, a decrease of 11.8% compared to $4.92 million in the first six months of 2011.

Other loss share income was $3.20 million in the second quarter of 2012, an increase of 224.9% compared to $0.98 million in the second quarter of 2011. Other loss share income was $5.18 million in the first six months of 2012 compared to $1.96 million in the first six months of 2011, an increase of 165.0%.

4 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs