On Oct. 11, Bank of the Ozarks
- Net interest income increased almost 11%, net profit increased 5%, and the company's efficiency ratio decreased 2%.
- Nonperforming loans actually decreased by two basis points to 0.19%.
- The company expects to open one more bank in the fourth quarter.
- Bank of the Ozarks has a low Motley Fool CAPS rating: two stars (out of five). Competitors Regions Financial
(NYSE:RF) and Fifth Third Bancorp(NASDAQ:FITB) are rated two stars and one star, respectively. Tell us what you think (it's free).
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Total Revenue |
$24.0 |
$22.9 |
4.7% |
|
Net Interest Income |
$19.7 |
$17.8 |
10.7% |
|
Net Profit |
$8.4 |
$8.0 |
4.9% |
|
EPS* |
$0.50 |
$0.48 |
4.2% |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Net Interest Margin |
3.45% |
3.34% |
0.11% |
|
Efficiency Ratio |
45.14% |
47.49% |
(2.35%) |
|
Nonperforming Assets / Assets |
0.22% |
0.15% |
0.07% |
|
Return on Average Assets |
1.28% |
1.29% |
(0.01%) |
|
Return on Average Equity |
18.15% |
20.18% |
(2.03%) |
Find out more about bank performance ratios.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Investments |
$591 |
$676 |
(12.5%) |
|
Loans |
$1,816 |
$1,595 |
13.9% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Deposits |
$2,024,444 |
$2,008,145 |
0.8% |
|
Total Liabilities |
$2,462,551 |
$2,349,132 |
4.8% |
Learn about bank assets and bank liabilities.
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