Bank of the Ozarks profit up 2 pct. in 2nd quarter.Bank of the Ozarks Inc. posted an $8.09 million profit for the three months that ended June June: see month. 30, up 2 percent from $7.93 million in the second quarter of 2006. Earnings per share were 48 cents for the quarter, up from 47 cents in the year-ago period. For the first half of the year, net income totaled $15.6 million, down 4.4 percent from $16.3 million for the first six months of 2006. Earnings per share for the first six months of 2007 were 93 cents, compared with 97 cents last year. The company's annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. returns on average assets and average stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. for the second quarter were 1.27 percent and 17.82 percent, respectively, compared with 1.37 percent and 21.13 percent for the second quarter of 2006. The company declared a quarterly cash dividend of II cents a share, payable Aug. 3 to shareholders of record as of July July: see month. 27. |
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