On Jan. 16, Bank of the Ozarks (NASDAQ:OZRK) released year-end earnings for the period ended Dec. 31.

  • The company delivered impressive loan and deposit growth by opening new branches, but performance ratios suffered.
  • Aggressive pricing on deposits resulted in a steep drop to the net interest margin.
  • Eleven new branches opened during the year, bringing the count to 62.
  • Have an opinion on Bank of the Ozark's growth strategy? Bring it to CAPS and let us know.

(Figures in thousands, except per-share data)

Income Statement Highlights

FY 2006

FY 2005

Change

Total Revenue

$91,501

$85,528

7.0%

Net Interest Income

$70,720

$68,576

3.1%

Net Profit

$31,693

$31,489

0.6%

EPS

$1.89

$1.88

0.5%



Get back to basics with a look at the income statement.

Ratio Checkup

FY 2006

FY 2005

Change*

Net Interest Margin

3.49%

4.18%

(0.69%)

Efficiency Ratio

47.07%

43.43%

3.64%

Nonperforming Assets / Assets

0.24%

0.18%

0.06%

Return on Average Assets

1.34%

1.65%

(0.31%)

Return on Average Equity

20.03%

22.95%

(2.92%)

*Expressed in percentage points.

Find out more about bank ratios.

Balance Sheet Highlights

Assets

FY 2006

FY 2005

Change

Investments

$620,132

$574,120

8.0%

Loans

$1,677,389

$1,370,723

22.4%



Liabilities

FY 2006

FY 2005

Change

Deposits

$2,045,092

$1,591,643

28.5%

Total Liabilities

$2,354,767

$1,985,479

18.6%



Learn about bank assets and bank liabilities.

Related Companies:

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  • BOK Financial (NASDAQ:BOKF)

Related Foolishness:

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Financial Services editor Joey Khattab does not own any of the shares mentioned. The Motley Fool has a disclosure policy.