First Quarter Income Up 27% For Bank Of The Ozarks

It was another record quarter for Little Rock-based Bank of the Ozarks. The company on Thursday (April 12) posted first-quarter net income of $113.1 million, up 27% compared to the first quarter of 2017. Earnings per share of 88 cents beat the consensus estimate of 85 cents.

Revenue for the quarter reached $286.199 million, well ahead of he $242.828 million in the first quarter of 2017. The revenue also beat the consensus estimate of $246.71 million.

The equity markets liked the report. Bank shares (NASDAQ: OZRK) were at $47.48 in afternoon trading, up $1.44. During the past 52 weeks the share price has ranged between $53.70 and $40.15.   MORE

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