Note 25 - Selected Quarterly Operating Results (Unaudited)

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Quarterly Financial Information [Text Block]

BEAR STATE FINANCIAL, INC.

SELECTED QUARTERLY OPERATING RESULTS (UNAUDITED)

(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)

YEAR ENDED DECEMBER 31, 201 7	Fourth Quarter			Third Quarter			Second Quarte r			First Quarter
Interest income	$	21,972		$	22,094		$	21,153		$	21,048
Interest expense		3,079			2,958			2,496			2,214
Net interest income		18,893			19,136			18,657			18,834
Provision for loan losses		464			1,863			821			1,349
Net interest income after provision for loan losses		18,429			17,273			17,836			17,485
Net gain on sales and calls of investment securities		--			--			37			11
Noninterest income		4,678			4,191			4,657			4,165
Noninterest expense		12,958			14,260			12,795			14,444
Income before income taxes		10,149			7,204			9,735			7,217
I ncome tax provision		5,544			2,072			3,078			2,300
Net income	$	4,605		$	5,132		$	6,657		$	4,917
Earnings per share:
Basic	$	0.12		$	0.14		$	0.18		$	0.13
Diluted	$	0.12		$	0.14		$	0.18		$	0.13
Selected Ratios (Annualized):
Net interest margin		3.67	%		3.70	%		3.76	%		4.05	%
Retu rn on average assets		0.82			0.91			1.22			0.95
Return on average equity		7.23			8.19			11.02			8.44

YEAR ENDED DECEMBER 31, 201 6	Fourth Quarter			Third Quarter			Second Quarte r			First Quarter
Interest income	$	19,212		$	18,849		$	18,535		$	18,790
Interest expense		2,105			2,014			1,935			1,864
Net interest income		17,107			16,835			16,600			16,926
Provision for loan losses		851			643			533			489
Net interest income after provision for loan losses		16,256			16,192			16,067			16,437
Net gain on sales and calls of investment securities		--			21			--			(2	)
Noninterest income		4,394			4,312			4,311			3,675
Noninterest expense		13,625			13,400			14,989			15,331
Income before income taxes		7,025			7,125			5,389			4,779
I ncome tax provision		2,192			2,384			847			1,436
Net income	$	4,833		$	4,741		$	4,542		$	3,343
Earnings per share(1):
Basic	$	0.13		$	0.13		$	0.12		$	0.09
Diluted	$	0.13		$	0.13		$	0.12		$	0.09
Selec ted Ratios (Annualized):
Net interest margin		3.75	%		3.78	%		3.86	%		4.03	%
Return on average assets		0.95			0.95			0.94			0.71
Return on average equity		8.18			8.12			8.04			6.04

	Fourth Quarter		Third Quarter		Second Quarter		Firs t Quarter
YEAR ENDED DECEMBER 31, 2017
Basic weighted - average shares		37,745,784		37,718,303		37,691,358		37,668,822
Effect of dilutive securities		236,977		202,713		191,906		211,200
Diluted weighted - average shares		37,982,761		37,921,016		37,883,264		37,880,022
YEAR ENDED DECEMBER 31, 2016
Basic weighted - average shares		37,615,991		37,595,454		37,568,274		37,740,714
Effect of dilutive securities		217,133		211,965		204,685		174,789
Diluted weighted - average shares		37,833,124		37,807,419		37,772,959		37,915,503