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Bank of the Ozarks (OZRK), HomeTrust Bancshares (HTBI), Glacier Bancorp (GCBI) and Central Valley Community Bancorp (CVCY) all announced deal completions Wednesday.
August 1 -
The longtime chief operating officer at Bank of the Ozarks (OZRK) in Little Rock, Ark., is retiring.
August 26 -
Bank of the Ozarks (OZRK) in Little Rock, Ark., is planning to open a loan production office in New York.
July 2
Bank of the Ozarks (OZRK) posted a 16% rise in quarterly profit after completing an acquisition and reporting strong loan growth.
The $4.7 billion-asset company reported on Thursday a $22.4 million third-quarter profit, up from $19.3 million a year earlier. Earnings per share of 61 cents beat the estimates of analysts polled by Bloomberg by a penny.
Bank of the Ozarks' net interest income rose 14%, to $44.4 million, as its loan portfolio grew by 24%, to $2.5 billion. The increase in loans was largely due to the company's
The company's noninterest income increased by 24%, to $18 million, partly from higher revenue on service charges and asset sales. Expenses rose 12%, to $32.2 million, as the Shelby merger added $1.4 million of pretax closing and conversion costs for the quarter.
Bank of the Ozarks' net chargeoffs fell almost 55%, to $1.5 million, while its provision for loan losses ticked up more than 22%, to $3.8 million.
Bank of the Ozarks