Bank of the Ozarks, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2014
January 16, 2015 at 03:30 am IST
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Bank of the Ozarks, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of USD 78.675 million compared to USD 55.282 million a year ago. Net income available to common stock holders was USD 34.752 million compared to USD 24.398 million a year ago. Diluted net income per share was USD 0.43 compared to USD 0.33 a year ago. Book value per share was USD 11.37 compared to USD 8.53 a year ago. Return on average assets was 2.06% compared to 2.02% a year ago. Return on average common shareholders equity was 15.5% compared to 15.62% a year ago.
For the year, the company reported net interest income of USD 270.494 million compared to USD 193.519 million a year ago. Net income available to common stock holders was USD 118.606 million compared to USD 92.237 million a year ago. Diluted net income per share was USD 1.52 compared to USD 1.26 a year ago. Book value per share was USD 11.37 compared to USD 8.53 a year ago. Return on average assets was 2.01% compared to 2.14% a year ago. Return on average common shareholders equity was 15.08% compared to 16.28% a year ago.
The company's net charge-offs increased to USD 3.0 million for the fourth quarter of 2014, including USD 1.6 million for non-purchased loans and leases and USD 1.4 million for purchased loans. The company's net charge-offs were USD 1.6 million for the fourth quarter of 2013, including USD 0.9 million for non-purchased loans and leases and USD 0.7 million for purchased loans.
Bank OZK (the Bank) is a regional bank that provides a range of financial solutions. The Bank offers a range of products, including checking, savings, loans, mortgages, treasury management, merchant services, trust and estate services, wealth, and credit cards, among others. Its savings products include certificate of deposits, money market accounts, and individual retirement accounts. Its personal lending options include home equity lines of credit, personal lines of credit and auto loans. It offers both a fixed rate mortgage and an adjustable-rate mortgage. Its online banking enables users to manage their accounts, pay bills, transfer funds, view electronic account statements and others. The Bank also provides individual consultation, financial planning, trust, and investment management services. The Bank conducts banking operations with over 240 offices in eight states, including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California, and Mississippi.
Bank of the Ozarks, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2014
BANK OZK 
