$OZRK (Bank Of The Ozarks Inc)

$OZRK {{ '2016-10-11T17:11:47+0000' | timeago}} • Webcast

$OZRK's annualized net charge-off ratio for total loans and leases for 3Q16 was 7BP. Non-purchased loans and leases grew $545MM in 3Q16. YTD, the company's unfunded balance of closed loans increased by $2.86Bil growing to a record $8.66Bil at September 30, 2016.

$OZRK {{ '2017-07-12T17:19:35+0000' | timeago}} • Webcast

$OZRK expects to continue to incur expenses related to infrastructure development during the remainder of fiscal 2017, and in the early part of 2018. The bank sees non-interest expenses going up in future quarters, but at a lower rate than in the previous quarters.

$OZRK {{ '2017-07-12T16:20:43+0000' | timeago}} • Webcast

$OZRK said it expects the cost of interest-bearing deposits to increase further in the rest of 2017. However, the bank intends to adopt measures to keep the interest rate as low as possible. Also, unfunded loan commitments are expected to continue to grow in the coming quarters, but at a slower rate than in the past.

$OZRK {{ '2017-07-12T15:59:53+0000' | timeago}} • Webcast

For $OZRK, the top priority would be organic growth of loans and leases, apart from acquisitions. The bank expects to achieve its long-term efficiency goals by deploying technology applications, expanding infrastructure and utilizing the excess capacity of its branch network. Going forward, the tax rate is expected to remain in the 36-37% range.

$OZRK {{ '2017-07-12T15:34:25+0000' | timeago}} • Webcast

$OZRK said it added $631MM to its investment portfolio in 2Q17. The bank will continue to focus on developing technology based solutions and enhancing infrastructure to improve performance in future.  Given the strong customer base and loan portfolio, the bank expects funded non-purchase loans and leases to grow between $3.1Bil and $4Bil in 2017.

$OZRK {{ '2017-07-12T11:55:53+0000' | timeago}} • Announcement

$OZRK's net interest income during 2Q17 rose 69.8% to $202.1MM from $119MM during 2Q16. Non-interest income was $31.8MM during the qaurter, up 40.1% YoY. Non-interest expense rose 64.6% to $83.8MM compared to $50.9MM during 2Q16.

$OZRK {{ '2017-07-12T11:43:55+0000' | timeago}} • Announcement

Financial holding company $OZRK reported 66.2% increase in it 2Q17 earnings, mainly due to increase in net interest income. Net income rose to $90.5MM from $54.5MM during 2Q16. Diluted EPS rose 21.7% YoY to $0.73 from $0.60.

$OZRK {{ '2017-07-03T19:02:33+0000' | timeago}} • Announcement

$OZRK has announced a quarterly cash dividend of $0.18 per common share, which is 2.9% higher than the dividends paid in precious quarters. The latest dividend is payable on July 21, 2017, to shareholders of record as of July 14, 2017.

$OZRK {{ '2017-06-27T11:51:14+0000' | timeago}} • Announcement

$OZRK closed its corporate reorganization in which Bank of the Ozarks Inc., the Bank's parent holding company, was merged with and into the Bank, with the Bank continuing as the surviving corporation. The primary purpose of the reorganization is to create a more efficient corporate structure by eliminating the Bank's holding company.

$OZRK {{ '2017-05-25T13:42:31+0000' | timeago}} • Announcement

$OZRK announced the pricing of an underwritten registered public offering of 6.6MM shares and also granted the underwriter a 30-day option to purchase up to an additional 990,000 shares. $OZRK expects gross proceeds from this offering of approx. $302.3MM, or $347.6MM if the underwriter exercises its option to purchase additional shares in full.

$OZRK {{ '2017-05-24T20:55:26+0000' | timeago}} • Announcement

$OZRK agreed to sell 6.6MM common shares in an underwritten registered public offering. The company also plans to grant the underwriter a 30-day option to purchase up to an additional 990,000 common shares. J.P. Morgan is acting as sole book-running manager

$OZRK {{ '2017-04-11T16:24:56+0000' | timeago}} • Webcast

$OZRK believes it will see a continued improvement in non-purchased loan yields as LIBOR and Fed rates increase. The prepayment impact on this will vary from quarter to quarter.

$OZRK {{ '2017-04-11T16:19:19+0000' | timeago}} • Webcast

$OZRK stated that it is a project-specific company. The business decisions depend on various factors such as market, sub-market, supply-demand metrics, sponsor and lenders, and are not driven by product type or type of market alone.

$OZRK {{ '2017-04-11T15:49:27+0000' | timeago}} • Webcast

$OZRK said during 1Q17, the cost of interest-bearing deposits was up 6BP. The company expects this cost to continue to go up over the course of 2017 as $OZRK has more offices achieving deposit growth from its existing branch infrastructure to fund its loan and lease growth.

$OZRK {{ '2017-04-11T15:20:40+0000' | timeago}} • Webcast

In 1Q17, the funded balance of $OZRK’s non-purchased loans and leases grew $612MM and the unfunded balance of closed loans grew $1.19Bil. At March 31, 2017, the unfunded balance of closed loans was $11.26Bil. $OZRK expects growth in funded balance of non-purchased loans and leases to be $3.1-4Bil in 2017.

$OZRK {{ '2017-04-11T11:44:37+0000' | timeago}} • Announcement

Banker $OZRK posted 1Q17 results, with net interest income jumping 69.5% to $190.8MM. Net interest margin, on FTE basis, was down 4 basis points to 4.88%. Efficiency ratio was 35.0%, down from 35.5%. Deposits were $15.71Bil at March 31, 2017, up 63.2% from $9.63Bil a year ago. As of March end, total assets improved 67.7% to $19.16Bil.

$OZRK {{ '2017-04-11T11:33:34+0000' | timeago}} • Announcement

For 1Q17, $OZRK posted a 72.6% hike in net income to $89.2MM, up from $51.7MM a year ago. Diluted EPS was $0.73, up by 28.1% from $0.57 per share. Total loans and leases, including purchased loans, were $14.80Bil at March 31, 2017, a 59.6% increase from $9.27Bil at March 31, 2016.

$OZRK {{ '2017-01-17T17:14:34+0000' | timeago}} • Webcast

$OZRK said New York is its number one market for funded and unfunded loans and the company had good growth in 4Q16 in New York. The funded balance in New York is approaching $3Bil and the unfunded balance is between $1.5-2Bil. $OZRK expects California to become a larger part of its business over the course of 2017.

$OZRK {{ '2017-01-17T17:01:20+0000' | timeago}} • Webcast

$OZRK had a high level of prepayments in 4Q16 that was consistent with the level of prepayments seen in 3Q16 and also consistent with the company’s expectations for the next couple of quarters. $OZRK has built this high level of prepayments into its models and projections for 2017 and 2018.

$OZRK {{ '2017-01-17T16:48:42+0000' | timeago}} • Webcast

Over the course of 2016, $OZRK’s cost of interest-bearing deposits increased 17BP from 0.35% in 4Q15 to 0.52% in 4Q16. Given the company’s expectation that growth in non-purchased loans and leases in 2017 will range between $3.1-4Bil, $OZRK expects to grow deposits significantly in 2017.

$OZRK {{ '2017-01-17T16:29:55+0000' | timeago}} • Webcast

$OZRK had $43.7MM in net deferred credits at December 31, 2016. This net deferred credit increased $15.9MM in 2016. This along with the $173.5MM valuation discount on purchased loans has favorable implications for future earnings.

Recent Transcripts

EFX (Equifax Inc.)
Thursday, July 27 2017 - 12:30pm
XL (XL Group plc)
Wednesday, July 26 2017 - 9:00pm
DFS (Discover Financial Services)
Wednesday, July 26 2017 - 9:00pm
CPF (Central Pacific Financial Corp.)
Wednesday, July 26 2017 - 5:00pm
FMBI (First Midwest Bancorp Inc.)
Wednesday, July 26 2017 - 3:00pm
UCBI (United Community Banks, Inc.)
Wednesday, July 26 2017 - 3:00pm
PB (Prosperity Bancshares Inc.)
Wednesday, July 26 2017 - 2:30pm
CHFC (Chemical Financial Corporation)
Wednesday, July 26 2017 - 2:30pm
STL (Sterling Bancorp.)
Wednesday, July 26 2017 - 2:30pm
BANC (Banc of California, Inc.)
Wednesday, July 26 2017 - 2:00pm
BGCP (BGC Partners, Inc.)
Wednesday, July 26 2017 - 2:00pm
VLY (Valley National Bancorp)
Wednesday, July 26 2017 - 2:00pm
STT (State Street Corporation)
Wednesday, July 26 2017 - 1:30pm
MS (Morgan Stanley)
Wednesday, July 19 2017 - 12:30pm
GS (The Goldman Sachs Group, Inc.)
Tuesday, July 18 2017 - 1:30pm
BAC (Bank of America Corporation)
Tuesday, July 18 2017 - 12:30pm
OZRK (Bank Of The Ozarks Inc)
Wednesday, July 12 2017 - 3:00pm
AFSI (AmTrust Financial Services, Inc.)
Monday, May 8 2017 - 9:30pm
BGCP (BGC Partners, Inc.)
Thursday, May 4 2017 - 2:00pm
ARCC (Ares Capital Corporation)
Wednesday, May 3 2017 - 4:00pm

AlphaGraphics you may like