Bank of the Ozarks, Inc. (NASDAQ:OZRK) announced that net income for 2011 was a record $101.3 million, a 58.3% increase from $64.0 million for 2010. The Company has now achieved record net income in eleven consecutive years. Diluted earnings per common share for 2011 were a record $2.94, an increase of 56.4% from $1.88 for 2010. For the fourth quarter of 2011, net income was $17.6 million, an increase of 3.8% from $16.9 million for the fourth quarter of 2010. Diluted earnings per common share for the fourth quarter of 2011 were $0.51, an increase of 4.1% from $0.49 for the fourth quarter of 2010.
Bank of the Ozarks, Inc. operates as the bank holding company for Bank of the Ozarks that provides a range of retail and commercial banking services.
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MB Financial Inc. (Nasdaq:MBFI) announced it will release its fourth quarter 2011 earnings after the close of business on Thursday, January 26, 2012 and host a conference call on Friday, January 27, 2012 at 10:00 a.m. (Central Time). Individuals interested in listening should call 1-866-314-4483 and enter Passcode #52881564. This call is being webcast and can be accessed via the Company’s web site at www.mbfinancial.com under Investor Relations. Following the live webcast, an archived replay of the call will be available on the Company’s website beginning approximately four hours after the call ends. The replay will remain available through February 3, 2012.
MB Financial, Inc. operates as the holding company for MB Financial Bank, N.A that offers commercial and retail banking, and wealth management services to small and middle market businesses, and leasing companies in the United States.
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Cleantech Transit Inc (CLNO)
Like other forms of renewable energy, such as wind or solar, biomass resources produce less emissions than their fossil fuel counterparts. Biomass contains less sulfur than coal, and consequently produces less SO2. Using biomass derived from forest thinning activities prevents this material from being burned in the open air with no pollution controls (known as pile burning).
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
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Jacksonville Bancorp Inc. (NASDAQ:JXSB) reported unaudited net income for the three months ended December 31, 2011 , of $774,000 , or $0.41 per share of common stock, basic and diluted, compared to net income of $734,000 , or $0.39 per share of common stock, basic and diluted, for the three months ended December 31 , 2010. Net income increased $40,000 due to an increase of $164,000 in net interest income and a decrease of $75,000 in the provision for loan losses, partially offset by a decrease of $13,000 in noninterest income and increases of $132,000 in noninterest expense and $54,000 in income taxes. During 2010, we completed our second step conversion from the mutual holding company form of organization to a full stock company. Per share information for the three and twelve months ended December 31, 2011 , is based upon 1,891,760 and 1,890,449 average shares outstanding, respectively, compared to the three and twelve months ended December 31, 2010 , based upon 1,883,328 and 1,903,336 average shares outstanding, respectively.
Jacksonville Bancorp, Inc. operates as the holding company for Jacksonville Savings Bank that provides various banking products and services in Illinois.
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