Bank of the Ozarks Q4 net income increased 48.1%
Article continues below
Diluted earnings per common share were $0.57, a 32.6% increase from $0.43 for the fourth quarter of 2014.
For the full year of 2015, net income was a record $182.3 million.
It also included approximately $1 million of acquisition-related and systems conversion expenses, offset by $2.9 million of gains on sales of investment securities and $6.3 million of gains on sales of certain purchased loans.
Net of applicable taxes, these items, in the aggregate, reduced the company's diluted earnings per common share by approximately one-third of one cent in the quarter just ended.
For the full year of 2015, net income was a record $182.3 million, a 53.7% increase from $118.6 million for the full year of 2014. Diluted earnings per common share for 2015 were $2.09, a 37.5% increase from $1.52 for 2014.
$2.09
was diluted earnings per common share for 2015.
Net of applicable taxes, these items, in the aggregate, decreased the company's diluted earnings per common share by approximately $0.02 for the full year of 2015.
The company's annualized returns on average assets, average common stockholders' equity and average tangible common stockholders' equity for the fourth quarter of 2015 were 2.12%, 15.02% and 16.94%, respectively, compared to 2.06%, 15.50% and 17.60%, respectively, for the fourth quarter of 2014.
Returns on average assets, average common stockholders' equity and average tangible common stockholders' equity for the full year of 2015 were 2.11%, 14.97% and 17.02%, respectively, compared to 2.01%, 15.08% and 16.64%, respectively, for the full year of 2014. ■