Bank of the Ozarks Inc. (OZRK) announced that its first-quarter net income was $18.0 million, a 23.1% increase from $14.6 million for the first quarter of 2011. Earnings per share were $0.52, a 20.9% increase from $0.43 for the first quarter of 2011. Analysts polled by Thomson Reuters expected the company to report earnings of $0.51per share for the quarter. Analysts' estimates typically exclude special items.
The company said that it made no FDIC-assisted acquisitions during the first quarter of 2012, and its results for the quarter did not include any acquisition or conversion costs related to any of its seven previous FDIC-assisted acquisitions.
During the first quarter of 2011, the Company made one FDIC-assisted acquisition, which resulted in a gain, net of acquisition and conversion costs, of approximately $1.0 million after taxes, or approximately $0.03 of diluted earnings per common share.
Net interest income for the first quarter of 2012 increased 21.5% to $43.8 million compared to $36.1 million for the first quarter of 2011. Non-interest income for the first quarter of 2012 increased 6.3% to $13.8 million compared to $13.0 million for the first quarter of 2011.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.