Upcoming AWS Coverage on BB&T Corp.

LONDON, UK / ACCESSWIRE / January 20, 2017 / Active Wall St. announces its post-earnings coverage on Bank of the Ozarks, Inc. (NASDAQ: OZRK). The Company disclosed its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year 2016 (FY16) on January 17, 2017. Bank of the Ozarks' diluted EPS rose 26.3% y-o-y, outperforming market forecasts. Register with us now for your free membership at:

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One of Bank of the Ozarks' competitors within the Regional - Southeast Banks space, BB&T Corp. (NYSE: BBT), is expected to report its fiscal Quarter ending December 2016 earnings on January 19, 2017 before market open. AWS will be initiating a research report on BB&T following the release of its next earnings results.

Today, AWS is promoting its earnings coverage on OZRK; touching on BBT. Get our free coverage by signing up to:

http://www.activewallst.com/registration-3/?symbol=OZRK

http://www.activewallst.com/registration-3/?symbol=BBT

Earnings Reviewed

In Q4 FY16, Bank of the Ozarks' total revenue (net interest income and non-interest income) rose to $225.37 million from $137.06 million in Q4 FY15. Quarterly revenues beat the market consensus estimates by $8.47 million. The bank's net interest income surged 82.9% y-o-y to $194.80 million from $106.52 million in Q4 FY15. Non-interest income also improved marginally to $30.57 million in Q4 FY16 from $30.54 million in the year ago quarter.

The Little Rock, Arkansas-based bank reported record net income available to common stockholders of $87.79 million, or $0.72 per diluted common share, in Q4 FY16, versus $51.46 million, or $0.57 per diluted common share, in Q4 FY15. Wall Street had expected net income of $0.69 per diluted share.

For full year FY16, Bank of the Ozarks reported net interest income of $601.51 million, rising 57.4% from $382.15 million recorded in the year ago same quarter. However, the bank's non-interest income fell by 2.5% to $102.40 million in FY16 from $105.02 million in FY15. Furthermore, the bank's net income also rose to a record $269.98 million, or $2.58 per diluted share in FY16, from $182.25 million, or $2.09 per diluted share, in FY15.

Earnings Metrics

During the reported quarter, the bank's annualized return on average assets was 1.92% versus 2.12% in the prior year's comparable quarter. The return on average common stockholders' equity came in at 12.62% in Q4 FY16 compared to 15.02% reported in the year ago same period. Furthermore, annualized returns on average tangible common stockholders' equity stood at 17.08%, which came in above 16.94% reported in the year ago comparable quarter. For Q4 FY16, the bank's efficiency ratio was 34.27% in Q4 FY16 compared to 37.12% in Q4 FY15.

Net interest margin for the reported quarter rose to 5.02% from 4.98% in Q4 FY15. The bank's yield on total earning assets also improved during Q4 FY16 to 5.55%, from 5.35% in the year ago period. In Q4 FY16, average interest earning assets surged to $15.69 billion from $8.66 billion in the previous year's quarter.

The Company's allowance for loan and lease losses for its non-purchased loans and leases was $74.9 million, or 0.78% of total non-purchased loans and leases, at December 31, 2016, compared to $59.7 million, or 0.91% of total non-purchased loans and leases, at December 31, 2015.

Balance Sheet Analyzed

Bank of the Ozarks' average non-purchased loans and leases surged to $9.02 billion during the quarter ended December 31, 2016, from $6.00 billion in Q4 FY15. Total average interest bearing deposits were $12.32 billion as on December 31, 2016, compared to $6.40 billion recorded as on December 31, 2015. Furthermore, the bank had total assets worth $18.18 billion as on December 31, 2016, up from $9.64 billion as on December 31, 2015.

As on December 31, 2016, the Banks's non-performing assets to total assets was 0.31%, compared to 0.37% as at end of last year's corresponding quarter. Furthermore, net charge-offs to average total loans and leases stood at 0.09% as on December 31, 2016, versus 0.17% as on December 31, 2015.

Dividend

In a separate press release on January 03, 2017, the Company's Board of Directors announced a hike of $0.005 per common share, or 3.03% in quarterly cash dividend to $0.17 per common share. The dividend will be payable on January 27, 2017 to shareholders of record as of January 20, 2017.

Stock Performance

At the closing bell, on Thursday, January 19, 2017, Bank of the Ozarks' stock declined 2.32%, ending the trading session at $50.92. A total volume of 1.72 million shares were traded at the end of the day, which was higher than the 3-month average volume of 1.42 million shares. In the last three months and previous six months, shares of the Company have advanced 36.01% and 36.61%, respectively. Moreover, the stock surged 14.73% in the past twelve months. The Company's shares are trading at a PE ratio of 21.19 and have a dividend yield of 1.34%.

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SOURCE: Active Wall Street