Revenue during the quarter surged 64.84 percent to $214.90 million from $130.36 million in the previous year period. Net interest income for the quarter rose 69.55 percent over the prior year period to $190.77 million. Non-interest income for the quarter rose 46.28 percent over the last year period to $29.06 million.

Bank of the Ozarks, Inc. has made provision of $4.93 million for loan losses during the quarter, up 144.57 percent from $2.02 million in the same period last year.

Efficiency ratio for the quarter improved to 35.03 percent from 35.51 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.

George Gleason, chairman and chief executive officer, stated, "We are very pleased to report our excellent results for the first quarter of 2017, including quarterly records in net income, diluted earnings per common share and trust income, $612 million growth in the funded balance of non-purchased loans and leases, $1.19 billion growth in the unfunded balance of non-purchased loans and leases, a 4.88% net interest margin, a 35.0% efficiency ratio and excellent asset quality."

Loans to deposits ratio was 94.17 percent for the quarter, down from 96.29 percent for the previous year quarter.

Return on assets moved down 5 basis points to 1.93 percent in the quarter from 1.98 percent in the last year period. At the same time, return on average equity decreased 120 basis points to 12.80 percent in the quarter from 14 percent in the last year period.

Meanwhile, nonperforming assets to total assets was 0.25 percent in the quarter, down from 0.29 percent in the last year period.

Equity to assets ratio was 15 percent for the quarter, up from 13.20 percent for the previous year quarter. Average equity to average assets ratio was 15.08 percent for the quarter, up from 14.15 percent for the previous year quarter. Book value per share was $23.63 for the quarter, up 42.18 percent or $7.01 compared to $16.62 for the same period last year.