OZRK), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=OZRK, following the Company's release of its financial results for the second quarter fiscal 2017 (Q2 FY17) on July 12, 2017. Bank of the Ozarks' diluted EPS rose 21.7% y-o-y, meeting market forecasts. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on OZRK. With the links below you can directly download the report of your stock of interest-free of charge at:

http://protraderdaily.com/optin/?symbol=OZRK

Earnings Reviewed

During the quarter ended June 30, 2017, Bank of the Ozarks' net interest income surged 69.8% to $202.11 million from $119.04 million in Q2 FY16. Furthermore, net interest income on fully taxable equivalent (FTE) basis came in at $205.50 million in Q2 FY17 compared to $121.11 million in Q2 FY16. The Company's non-interest income also increased 40.1% to $31.84 million in Q2 FY17 from $22.73 million in the year ago same quarter. Meanwhile, the non-interest expenses were up by 64.6% in Q2 FY17 to $83.83 million from $50.93 million in Q2 FY16.

The Little Rock, the Arkansas-based bank reported a record net income available to common stockholders of $90.53 million, or $0.73 per diluted common share, in Q2 FY17 versus $54.47 million, or $0.60 per diluted common share, in Q2 FY16. Wall Street had also expected the Company to report net income of $0.73 per diluted share.

Earnings Metrics

During the reported quarter, the bank's annualized return on average assets was 1.90% versus 1.91% in the prior year's comparable quarter. The return on average common stockholders' equity came in at 12.05% in Q2 FY17 compared to 14.35% reported in the year ago corresponding period. Furthermore, annualized returns on average tangible common stockholders' equity stood at 15.81% in Q2 FY17 compared to 15.92% reported in the year ago same quarter. For Q2 FY17, the bank's efficiency ratio was 35.32% compared to 35.41% in Q2 FY16.

Net interest margin on FTE basis for the reported quarter increased to 4.99% from 4.82% in Q2 FY16. The bank's yield on total earning assets improved during Q2 FY17 to 5.63% from 5.29% in the year ago period. In Q2 FY17, average total earning assets surged to $16.51 billion from $10.11 billion in the previous year's same quarter.

The Company's allowance for loan and lease losses for its non-purchased loans and leases was $82.32 million, or 0.73% of total non-purchased loans and leases, at June 30, 2017, compared to $65.13 million, or 0.78% of total non-purchased loans and leases, at June 30, 2016.

Balance Sheet Analyzed

Bank of the Ozarks' average non-purchased loans and leases surged to $11.03 billion during the quarter ended June 30, 2017, from $8.21 billion in Q2 FY16. Total average interest-bearing deposits were $12.87 billion as on June 30, 2017, compared to $7.99 billion recorded as on June 30, 2016. Furthermore, the bank had total assets worth $20.06 billion as on June 30, 2017, up from $12.28 billion as on June 30, 2016.

As on June 30, 2017, the banks' non-performing assets to total assets was 0.23% compared to 0.25% as at end of last year's quarter. Furthermore, net charge-offs to average total loans and leases stood at 0.05% as on June 30, 2017, versus 0.06% as on June 30, 2016.

Dividend

In a separate press release on July 03, 2017, the Company's Board of Directors announced a $0.005 per common share, or 2.86% hike, in the quarterly cash dividend to $0.18 per common share. The dividend will be payable on July 21, 2017, to shareholders of record as of July 14, 2017. Furthermore, the Company has increased quarterly cash dividend in each of the last twenty-eight quarters.

Stock Performance

On Friday, July 14, 2017, the stock closed the trading session at $48.05, climbing 3.00% from its previous closing price of $46.65. A total volume of 2.27 million shares have exchanged hands, which was higher than the 3-month average volume of 1.52 million shares. Bank of the Ozarks' stock price rallied 2.65% in the last three months and 19.02% in the previous twelve months. The stock is trading at a PE ratio of 17.72 and has a dividend yield of 1.46%. At Friday's closing price, the stock's net capitalization stands at $5.98 billion.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 468307

"/> Earnings Review and Free Research Report: Bank of the Ozarks Q2 EPS Surged 21.7%; Met Expectations « MarketersMedia – Press Release Distribution Services – News Release Distribution Services

Earnings Review and Free Research Report: Bank of the Ozarks Q2 EPS Surged 21.7%; Met Expectations

LONDON, UK / ACCESSWIRE / July 17, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Bank of the Ozarks, Inc. (NASDAQ: OZRK), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=OZRK, following the Company's release of its financial results for the second quarter fiscal 2017 (Q2 FY17) on July 12, 2017. Bank of the Ozarks' diluted EPS rose 21.7% y-o-y, meeting market forecasts. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on OZRK. With the links below you can directly download the report of your stock of interest-free of charge at:

http://protraderdaily.com/optin/?symbol=OZRK

Earnings Reviewed

During the quarter ended June 30, 2017, Bank of the Ozarks' net interest income surged 69.8% to $202.11 million from $119.04 million in Q2 FY16. Furthermore, net interest income on fully taxable equivalent (FTE) basis came in at $205.50 million in Q2 FY17 compared to $121.11 million in Q2 FY16. The Company's non-interest income also increased 40.1% to $31.84 million in Q2 FY17 from $22.73 million in the year ago same quarter. Meanwhile, the non-interest expenses were up by 64.6% in Q2 FY17 to $83.83 million from $50.93 million in Q2 FY16.

The Little Rock, the Arkansas-based bank reported a record net income available to common stockholders of $90.53 million, or $0.73 per diluted common share, in Q2 FY17 versus $54.47 million, or $0.60 per diluted common share, in Q2 FY16. Wall Street had also expected the Company to report net income of $0.73 per diluted share.

Earnings Metrics

During the reported quarter, the bank's annualized return on average assets was 1.90% versus 1.91% in the prior year's comparable quarter. The return on average common stockholders' equity came in at 12.05% in Q2 FY17 compared to 14.35% reported in the year ago corresponding period. Furthermore, annualized returns on average tangible common stockholders' equity stood at 15.81% in Q2 FY17 compared to 15.92% reported in the year ago same quarter. For Q2 FY17, the bank's efficiency ratio was 35.32% compared to 35.41% in Q2 FY16.

Net interest margin on FTE basis for the reported quarter increased to 4.99% from 4.82% in Q2 FY16. The bank's yield on total earning assets improved during Q2 FY17 to 5.63% from 5.29% in the year ago period. In Q2 FY17, average total earning assets surged to $16.51 billion from $10.11 billion in the previous year's same quarter.

The Company's allowance for loan and lease losses for its non-purchased loans and leases was $82.32 million, or 0.73% of total non-purchased loans and leases, at June 30, 2017, compared to $65.13 million, or 0.78% of total non-purchased loans and leases, at June 30, 2016.

Balance Sheet Analyzed

Bank of the Ozarks' average non-purchased loans and leases surged to $11.03 billion during the quarter ended June 30, 2017, from $8.21 billion in Q2 FY16. Total average interest-bearing deposits were $12.87 billion as on June 30, 2017, compared to $7.99 billion recorded as on June 30, 2016. Furthermore, the bank had total assets worth $20.06 billion as on June 30, 2017, up from $12.28 billion as on June 30, 2016.

As on June 30, 2017, the banks' non-performing assets to total assets was 0.23% compared to 0.25% as at end of last year's quarter. Furthermore, net charge-offs to average total loans and leases stood at 0.05% as on June 30, 2017, versus 0.06% as on June 30, 2016.

Dividend

In a separate press release on July 03, 2017, the Company's Board of Directors announced a $0.005 per common share, or 2.86% hike, in the quarterly cash dividend to $0.18 per common share. The dividend will be payable on July 21, 2017, to shareholders of record as of July 14, 2017. Furthermore, the Company has increased quarterly cash dividend in each of the last twenty-eight quarters.

Stock Performance

On Friday, July 14, 2017, the stock closed the trading session at $48.05, climbing 3.00% from its previous closing price of $46.65. A total volume of 2.27 million shares have exchanged hands, which was higher than the 3-month average volume of 1.52 million shares. Bank of the Ozarks' stock price rallied 2.65% in the last three months and 19.02% in the previous twelve months. The stock is trading at a PE ratio of 17.72 and has a dividend yield of 1.46%. At Friday's closing price, the stock's net capitalization stands at $5.98 billion.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 468307

LONDON, UK / ACCESSWIRE / July 17, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Bank of the Ozarks, Inc. (NASDAQ: OZRK), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=OZRK, following the Company's release of its financial results for the second quarter fiscal 2017 (Q2 FY17) on July 12, 2017. Bank of the Ozarks' diluted EPS rose 21.7% y-o-y, meeting market forecasts. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on OZRK. With the links below you can directly download the report of your stock of interest-free of charge at:

http://protraderdaily.com/optin/?symbol=OZRK

Earnings Reviewed

During the quarter ended June 30, 2017, Bank of the Ozarks' net interest income surged 69.8% to $202.11 million from $119.04 million in Q2 FY16. Furthermore, net interest income on fully taxable equivalent (FTE) basis came in at $205.50 million in Q2 FY17 compared to $121.11 million in Q2 FY16. The Company's non-interest income also increased 40.1% to $31.84 million in Q2 FY17 from $22.73 million in the year ago same quarter. Meanwhile, the non-interest expenses were up by 64.6% in Q2 FY17 to $83.83 million from $50.93 million in Q2 FY16.

The Little Rock, the Arkansas-based bank reported a record net income available to common stockholders of $90.53 million, or $0.73 per diluted common share, in Q2 FY17 versus $54.47 million, or $0.60 per diluted common share, in Q2 FY16. Wall Street had also expected the Company to report net income of $0.73 per diluted share.

Earnings Metrics

During the reported quarter, the bank's annualized return on average assets was 1.90% versus 1.91% in the prior year's comparable quarter. The return on average common stockholders' equity came in at 12.05% in Q2 FY17 compared to 14.35% reported in the year ago corresponding period. Furthermore, annualized returns on average tangible common stockholders' equity stood at 15.81% in Q2 FY17 compared to 15.92% reported in the year ago same quarter. For Q2 FY17, the bank's efficiency ratio was 35.32% compared to 35.41% in Q2 FY16.

Net interest margin on FTE basis for the reported quarter increased to 4.99% from 4.82% in Q2 FY16. The bank's yield on total earning assets improved during Q2 FY17 to 5.63% from 5.29% in the year ago period. In Q2 FY17, average total earning assets surged to $16.51 billion from $10.11 billion in the previous year's same quarter.

The Company's allowance for loan and lease losses for its non-purchased loans and leases was $82.32 million, or 0.73% of total non-purchased loans and leases, at June 30, 2017, compared to $65.13 million, or 0.78% of total non-purchased loans and leases, at June 30, 2016.

Balance Sheet Analyzed

Bank of the Ozarks' average non-purchased loans and leases surged to $11.03 billion during the quarter ended June 30, 2017, from $8.21 billion in Q2 FY16. Total average interest-bearing deposits were $12.87 billion as on June 30, 2017, compared to $7.99 billion recorded as on June 30, 2016. Furthermore, the bank had total assets worth $20.06 billion as on June 30, 2017, up from $12.28 billion as on June 30, 2016.

As on June 30, 2017, the banks' non-performing assets to total assets was 0.23% compared to 0.25% as at end of last year's quarter. Furthermore, net charge-offs to average total loans and leases stood at 0.05% as on June 30, 2017, versus 0.06% as on June 30, 2016.

Dividend

In a separate press release on July 03, 2017, the Company's Board of Directors announced a $0.005 per common share, or 2.86% hike, in the quarterly cash dividend to $0.18 per common share. The dividend will be payable on July 21, 2017, to shareholders of record as of July 14, 2017. Furthermore, the Company has increased quarterly cash dividend in each of the last twenty-eight quarters.

Stock Performance

On Friday, July 14, 2017, the stock closed the trading session at $48.05, climbing 3.00% from its previous closing price of $46.65. A total volume of 2.27 million shares have exchanged hands, which was higher than the 3-month average volume of 1.52 million shares. Bank of the Ozarks' stock price rallied 2.65% in the last three months and 19.02% in the previous twelve months. The stock is trading at a PE ratio of 17.72 and has a dividend yield of 1.46%. At Friday's closing price, the stock's net capitalization stands at $5.98 billion.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 468307

Source URL: https://marketersmedia.com/earnings-review-and-free-research-report-bank-of-the-ozarks-q2-eps-surged-21-7-met-expectations/218107

Source: AccessWire

Release ID: 218107


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