On April 11, Bank of the Ozarks
- Net income fell 10%, as noninterest expense grew 9% and provision for loan losses more than doubled.
- Because of the unfavorable interest rate environment, net interest margin fell by 49 basis points to 3.35%.
- During the quarter, the company opened no new stores, but in the remainder of the year it expects to add up to four new banking offices, continuing its expansion program.
- Be sure to read our Big Bank Earnings Preview for a look at Wachovia
(NYSE:WB) , SunTrust(NYSE:STI) , and more.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Total Revenue |
$23,108 |
$23,102 |
0% |
|
Net Interest Income |
$18,249 |
$17,438 |
4.7% |
|
Net Profit |
$7,521 |
$8,397 |
(10.4%) |
|
EPS |
$0.45 |
$0.50 |
(10%) |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Net Interest Margin |
3.35% |
3.84% |
(0.49%) |
|
Efficiency Ratio |
48.44% |
44.71% |
3.73% |
|
Nonperforming Assets / Assets |
0.27% |
0.17% |
0.10% |
|
Return on Average Assets |
1.20% |
1.57% |
(0.37%) |
|
Return on Average Equity |
17.11% |
22.31% |
(5.20%) |
Find out more about bank performance ratios.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Investments |
$590,605 |
$614,933 |
(4%) |
|
Loans |
$1,723,882 |
$1,424,373 |
21% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Deposits |
$2,169,916 |
$1,736,886 |
24.9% |
|
Borrowings |
$114,286 |
$286,399 |
(60.1%) |
Learn about bank assets and bank liabilities.
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