Bank Of The Ozarks, Inc. Announces Fourth Quarter And Full Year 2012 Earnings
Excluding covered loans and purchased non-covered loans, the Company’s ratio of loans and leases past due 30 days or more, including past due non-accrual loans and leases, to total loans and leases was 0.73% at December 31, 2012 compared to 1.53% at December 31, 2011 and 0.61% at September 30, 2012.
The Company’s net charge-offs for the fourth quarter of 2012 were $2.5 million compared to $4.2 million for the fourth quarter of 2011. The Company’s net charge-offs for the fourth quarter of 2012 included $1.5 million for non-covered loans and leases and $1.0 million for covered loans. The Company’s net charge-offs for the fourth quarter of 2011 included $3.9 million for non-covered loans and leases and $0.3 million for covered loans. Net charge-offs for covered loans are reported net of applicable FDIC loss share receivable amounts.
The Company’s annualized net charge-off ratio for its non-covered loans and leases was 0.28% for the fourth quarter of 2012 compared to 0.84% for the fourth quarter of 2011 and 0.32% for the third quarter of 2012. The Company’s annualized net charge-off ratio for all loans and leases, including covered loans, was 0.37% for the fourth quarter of 2012 compared to 0.62% for the fourth quarter of 2011 and 0.48% for the third quarter of 2012.
The Company’s net charge-offs for the full year of 2012 were $12.2 million compared to $12.8 million for 2011. The Company’s net charge-offs for 2012 included $6.0 million for non-covered loans and leases and $6.2 million for covered loans. The Company’s net charge-offs for 2011 included $12.5 million for non-covered loans and leases and $0.3 million for covered loans.
The Company’s net charge-off ratio for its non-covered loans and leases was 0.30% for the full year of 2012 compared to 0.69% for 2011. The Company’s net charge-off ratio for all loans and leases, including covered loans, was 0.46% for 2012 compared to 0.49% for 2011.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
