QUOTE AND NEWS
SeekingAlpha  Apr 17  Comment 
By Stephen Simpson, CFA: Valuing normal banks on the basis of their returns on tangible equity, tangible book value, and long-term returns on equity usually works pretty well. For better and for worse, Bank of the Ozarks (OZRK) is not at all a...
SeekingAlpha  Apr 15  Comment 
Bank Of The Ozarks Inc. (OZRK) Q1 2014 Earnings Conference Call April 15, 2014 11:00 AM ET Executives Susan Blair - EVP, IR George Gleason - CEO Analyst Jennifer Demba - SunTrust Robinson Humphrey Michael Rose -...
Benzinga  Apr 1  Comment 
Bank of the Ozarks, Inc. (NASDAQ: OZRK) announced its Board of Directors has approved a regular quarterly cash dividend of $0.23 per share payable April 18, 2014 to shareholders of record as of April 11, 2014. The dividend of $0.23 per share...
Banking Business Review  Jan 31  Comment 
Bank of the Ozarks has entered into a definitive agreement and plan of merger with Summit Bancorp and its wholly-owned bank subsidiary Summit Bank, headquartered in Arkadelphia, Arkansas.
DailyFinance  Jan 30  Comment 
Bank of the Ozarks, Inc. (NASDAQ: OZRK) announced today that it has entered into a definitive agreement and plan of merger (“Agreement”) with Summit Bancorp, Inc. (“Summit”) and its wholly-owned bank subsidiary Summit...
StreetInsider.com  Jan 17  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Bank+Of+The+Ozarks%2C+Inc.+%28OZRK%29+Tops+Q4+EPS+by+1c/9064989.html for the full story.
SeekingAlpha  Jan 10  Comment 
By Stephen Rosenman: According to the state's marketing slogan: "Everything is bigger in Texas." It's easy to see how public relations arrived at that catchphrase. The place is vast. And beyond the massive mountains and wide deserts, business...
DailyFinance  Jan 8  Comment 
Bank of the Ozarks, Inc. (NASDAQ: OZRK) expects to report fourth quarter and full year 2013 earnings at the close of business Thursday, January 16, 2014. Management plans to conduct a conference call to review this information...
DailyFinance  Jan 3  Comment 
Bank of the Ozarks, Inc. (NASDAQ: OZRK) announced its Board of Directors has approved a regular quarterly cash dividend of $0.22 per share payable January 24, 2014 to shareholders of record as of January 17, 2014. The dividend...
DailyFinance  Jan 2  Comment 
Bank of the Ozarks, Inc. (NASDAQ: OZRK) announced its Board of Directors has approved a regular quarterly cash dividend of $0.22 per share payable January 24, 2014 to shareholders of record as of January 17, 2014. The dividend...




 
TOP CONTRIBUTORS

Bank of the Ozarks, Inc. is a bank holding company. The Company wholly owns a state-chartered bank subsidiary, Bank of the Ozarks (the Bank). As of December 31, 2010, the Bank conducts banking operations through 66 offices in Arkansas, seven in Texas, ten in Georgia, three in Florida, two in North Carolina, and one each in South Carolina and Alabama.[1] The Company provides a range of retail and commercial banking services, including loaning, checking, savings, money market, time deposit and individual retirement accounts. The company does not earn revenue outside of the United States and only operates in one segment: community banking.

Business Growth

During 2010, the company earned net income of $64 million, a 73.8% increase from the previous year., while diluted earnings per share was $3.75, a 72% increase from the previous year. Net interest for the year increased 2.5% to $133.6 million, due to an improvement in the Company’s net interest margin, which increased 38 basis points to 5.18% in 2010. Additionally, the Company's four FDIC-assisted acquisitions resulted in the addition of higher yielding covered loans.[2]

Trends and Forces

Exposure to lending/credit risks

With its activity in loaning, the company has high exposure to credit risk, and relies on accurately predicting how well its customers will repay their loans. The corporation must maintain proactive credit risk management and constantly weigh ongoing economic factors--should they overestimate its customers' ability to repay loans, the bank's overall performance will suffer.

Exposure to market conditions

Changes in interest rates inversely affect a bank's net interest margin — the difference between the yield the bank earns on assets and the interest rate it pays for deposits and other sources of funding. Interest rate fluctuations, such as in the Federal Funds Rate (the rate at which financial institutions lend federal funds to other depository institutions) and Prime Rate (rate at which banks lend to their highest-credited consumers) affect bank products such as loans, deposits, securities, and short-term lending. As interest rates rise, banks are forced to pay higher rates on deposits and other interest bearing accounts. Meanwhile consumer demand for mortgages and other loan products diminishes as borrowing becomes more expensive. The combination of these two effects reduces both the volume of loans and the profitability of each loan. Rising interest rates also have the potential to increase a bank's defaults as holders of adjustable rate mortgages find themselves unable to meet their obligations.

Competition

In addition to commercial and savings banks, the Bank of the Ozarks also competes with credit unions and other financial service firms. Other banks with large presence in Arkansas include:[3]




References

  1. OZRK 2010 Annual Report Pg. 5
  2. OZRK 2010 Annual Report Pg. 11
  3. [1]
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