Bank of the Ozarks 3Q earnings flat.Bank of the Ozarks Inc. said third quarter net income reached $8.01 million, compared to $8.07 million during the same quarter last year. The net income represented a 0.8 percent decrease. Earnings per share were 48 cents for both the third quarter of 2006 and the third quarter of 2005. For the nine months period, net income totaled $24.34 million, compared to $23.10 million for same period last year, a 5.3 percent increase. Earnings per share were $1.45, compared to $1.38 for the same time last year, up 5.1 percent. "This year we have pursued several previously announced initiatives intended to position us for continued long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. growth. Our initiative to grow and diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. deposits, both from retail and wholesale sources, resulted in record third quarter deposit growth of $190 million," George George, river, c.345 mi (560 km) long, rising in a lake on the Quebec-Labrador boundary, E Canada. It flows N through Indian Lake (125 sq mi/324 sq km) to Ungava Bay (an arm of Hudson Strait). Gleasen, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said in a news release. |
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