On Oct. 11, Bank of the Ozarks (NYSE:OZRK) released earnings for the third quarter ended Sept. 30.

  • 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%

*Non-GAAP EPS as reported by the company.

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%)

*Expressed in percentage points.

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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