Bank Of The Ozarks Inc (NASDAQ:OZRK) Q4 2014 Earnings Conference Call - Final Transcript
Jan 16, 2015 • 11:00 am ET
Our excellent asset quality results throughout 2014, speak for themselves and we expect another good year in regard to asset quality in 2015.
At this point we expect that our 2015, net charge off ratio for total loans and leases will not be significantly different from the excellent range of net charge-off ratios we have experienced for total loans and leases in 2014, which was 26 basis points, and in 2014, which was 16 basis points. We want to make a few comments about growth and acquisitions. Organic growth of loans, leases and deposits continues to be our top growth priority and we've clearly demonstrated our ability to achieve substantial growth apart from acquisitions.
With that said M&A activity continues to be another focus as we believe M&A provides significant opportunities to augment our healthy organic growth. We continue to be active in identifying and analyzing M&A opportunities and we believe an active and disciplined M&A strategy will allow us to continue to create significant shareholder value.
We expect another great year in 2015. And while we do, we should probably close today's call with our customary remarks regarding the first quarter. We've cautioned for years that first quarter is typically our most challenging quarter as a result of numerous seasonal factors.
First quarter has one or two fewer values than other quarters. Lower post holiday consumer transaction volume typically results in lower service charge income. Home sales are typically lower in the first quarter result in less mortgage income.Business disruptions due to winter weather are not uncommon, and our annual premium increase for health insurance and a majority of our salary increases take effect in the first quarter. These seasonal factor should be considered in establishing any quarter-to-quarter estimates for 2015, which we expect to be another record breaking year for Bank of the Ozarks'.
That concludes our prepared remarks. At this time, we'll entertain questions. Let me ask our operator to once again remind our listeners how to queue in for questions.