Bank of Ozarks Inc. said its second-quarter net income rose 14.6% from a year earlier, to $10.9 million.

The Little Rock company said Monday that higher earnings stemmed from a stronger net interest margin and declines in problem loans, chargeoffs and an allowance for loan losses.

Earnings per share rose to 64 cents, from 56 cents.

Sandler O'Neill & Partners LP said in a report issued after the earnings release that Bank of Ozarks had a "solid quarter."

Sandler O'Neill had projected the company would have earnings per share of 50 cents.

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