Bank of the Ozarks: 2Q Earnings Snapshot
Jul. 11, 2018
LITTLE ROCK, Ark. (AP) _ Bank of the Ozarks (OZRK) on Wednesday reported second-quarter profit of $114.8 million.
The bank, based in Little Rock, Arkansas, said it had earnings of 89 cents per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 89 cents per share.
The bank posted revenue of $301.1 million in the period. Its revenue net of interest income was $252 million, missing Street forecasts. Five analysts surveyed by Zacks expected $256.2 million.
Bank of the Ozarks shares have fallen 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $46.46, a drop of nearly 1 percent in the last 12 months.