Bank of the Ozarks Q4 net income increases

Bank of the Ozarks, Inc., a bank holding company, has reported that net income available to common stockholders for the fourth quarter ended December 31, 2012 was $20.67 million, or $0.59 per diluted share, compared to $17.57 million, or $0.51 per diluted share, for the fourth quarter ended December 31, 2011.

Net interest income for the fourth quarter ended December 31, 2012 was $43.77 million, compared to $45.84 million for the fourth quarter ended December 31, 2011.

Net income available to common stockholders for the year ended December 31, 2012 was $77.04 million, or $2.21 per diluted share, compared to $101.32 million, or $2.94 per diluted share, for the year ended December 31, 2011.

Net interest income for the year ended December 31, 2012 was $174.35 million, compared to $168.73 million for the year ended December 31, 2011.

George Gleason, chairman and CEO, said: "The quarter just ended was an excellent conclusion to an excellent year. On the last day of the year, we closed our first traditional acquisition since 2003. This was our eighth acquisition, including FDIC-assisted transactions, in the past three years. Our fourth quarter loan and lease growth, even excluding loans acquired in acquisitions, was one of our best ever. For the full year of 2012, our loans and leases, excluding loans acquired in acquisitions, grew $235 million. Our strong organic loan and lease growth, combined with our excellent net interest margin, good efficiency ratio and favorable asset quality, made for a great finish to 2012 and position us well for the future."