Bank of the Ozarks, Inc. (NASDAQ: OZRK) announced that net income available to common stockholders for the quarter ended June 30, 2009 was a record $9,501,000, an increase of 10.4% from $8,607,000 for the second quarter of 2008. Diluted earnings per common share for the second quarter of 2009 were a record $0.56, compared to $0.51 for the second quarter of 2008, an increase of 9.8%.
For the six months ended June 30, 2009, net income totaled $18,787,000, a 14.8% increase from net income of $16,372,000 for the first six months of 2008. Diluted earnings per common share for the first six months of 2009 were $1.11, compared to $0.97 for the first six months of 2008, an increase of 14.4%.
The Company’s annualized returns on average assets and average common stockholders’ equity for the second quarter of 2009 were 1.25% and 14.29%, respectively, compared to 1.13% and 16.65%, respectively, for the second quarter of 2008. Annualized returns on average assets and average stockholders’ equity for the six months ended June 30, 2009 were 1.20% and 14.24%, respectively, compared with 1.12% and 15.99%, respectively, for the six months ended June 30, 2008.
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