QUOTE AND NEWS
Benzinga  May 23  Comment 
In a report published Thursday, Sterne Agee analyst Peyton Green downgraded the rating on Bank of the Ozarks (NASDAQ: OZRK) from Buy to Neutral. In the report, Sterne Agee noted, “We are lowering our rating to Neutral from Buy as the current...
TheStreet.com  Apr 24  Comment 
span.style4 {font-size: 10px; font-weight: bold; } span.style5 {font-size: 10px} By Jonathan Moreland, founder of Insider Insights and author of Profit From Legal Insider Trading. NEW YORK (TheStreet) -- It is a victory for common...
StreetInsider.com  Apr 12  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Bank+Of+The+Ozarks%2C+Inc.+%28OZRK%29+Tops+Q1+EPS+by+1c/8249593.html for the full story.
Benzinga  Apr 3  Comment 
In a report published Wednesday, Wunderlich Securities analyst Kevin Reynolds downgraded the rating on Bank of the Ozarks (NASDAQ: OZRK) from Buy to Hold, but reiterated the $43.00 price target. In the report, Reynolds noted, “We are...
StreetInsider.com  Apr 1  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Bank+of+the+Ozarks%2C+Inc.+%28OZRK%29+Raises+Quarterly+Dividend+13.3%25+to+%240.17%3B+1.5%25+Yield/8221924.html for the full story.
Bankstocks.com  Mar 26  Comment 
On Monday, Bank of the Ozarks opened its first full-service branch in Charlotte – and only its second in North Carolina – as the bank continues to push
Banking Business Review  Jan 25  Comment 
US-based bank holding company Bank of the Ozarks has inked a definitive agreement and plan of merger to acquire The First National Bank of Shelby (First National Bank) in North Carolina.
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+4c/8014202.html for the full story.
Benzinga  Jan 17  Comment 
Bank of the Ozarks (NASDAQ: OZRK) reported an 18% rise in its fourth-quarter profit. Bank of the Ozarks' quarterly profit surged to $20.7 million, or $0.59 per share, versus $17.6 million, or $0.51 per share, in the year-ago period. However,...
Forbes  Jan 3  Comment 
Bank of the Ozarks Incorporated (OZRK) announced its quarterly dividend of 15 cents per share, an increase of about 7% over its prior dividend in October of 14 cents. The dividend is payable January 25, 2013 to shareholders of record as of...




 
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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