The last quarter was another exceptional quarter for the Bank of the Ozarks (OZRK). Not only did the bank grow revenues by 28% over last year, but the company beat analyst estimates by over $8 million. Though one needs to keep in mind that the growth is fueled by acquisitions. The bank earned $2.09 for the year so the valuation is aggressive for a bank with the stock trading at $45. The other results were extremely solid with a 2.12% return on average assets and a 16.94% return on tangible common equity. The ratio of nonperforming loans declined from prior periods to 0.20%. Other asset quality measures improved as well. The questions is whether this bank is a buy after the strong gains of the last few years. Analysts forecast the bank earning $2.51 in 2016 and $3.21 in 2017 due to accretive deals that will boost EPS numbers. The latest deal involving C1 Financial (BNK) is expected to add $0.07 to $0.10 to earnings in the second year after closing that would approximately be 2017. At 14x 2017 earnings, the stock is reasonably cheap for a bank with the growth rate forecasted. Disclosure: No position mentioned