Bank of the Ozarks: 2Q Earnings Snapshot

Associated Press |

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.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OZRK at https://www.zacks.com/ap/OZRK

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

Level Headed at World Crypto Con - Steve Beauregard

Bloq.com CRO Steve Beauregard joins Jack Brewer at World Crypto Con.

Emerging Growth

Lomiko Metals Inc.

Lomiko Metals Inc is an exploration stage company. It is engaged in the acquisition, exploration and development of resource properties. Its projects include Vines Lake project and Quatre - Milles…