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Bank Of The Ozarks, Inc. Announces Second Quarter 2012 Earnings

The Company’s ratio of common stockholders’ equity to total assets increased to 12.21% as of June 30, 2012, compared to 9.57% as of June 30, 2011. Its ratio of tangible common stockholders’ equity to tangible total assets increased to 11.95% as of June 30, 2012 compared to 9.28% as of June 30, 2011.

NET INTEREST INCOME

Net interest income for the second quarter of 2012 decreased 0.4% to $42.3 million compared to $42.5 million for the second quarter of 2011 and decreased 3.5% compared to $43.8 million in the first quarter of 2012. Net interest margin, on a fully taxable equivalent (“FTE”) basis, increased four basis points to 5.84% in the second quarter of 2012 compared to 5.80% in the second quarter of 2011, but decreased 14 basis points compared to 5.98% in the first quarter of 2012. Average earning assets decreased to $3.06 billion in the second quarter of 2012 compared to $3.09 billion in the second quarter of 2011 and $3.10 billion in the first quarter of 2012.

Net interest income for the first six months of 2012 was $86.1 million, a 9.6% increase from $78.6 million for the first six months of 2011. The Company’s net interest margin (FTE) for the first six months of 2012 was 5.91%, a 20 basis point increase from 5.71% for the first six months of 2011. Average earning assets increased to $3.08 billion for the first six months of 2012 compared to $2.93 billion in the first six months of 2011.

NON-INTEREST INCOME

Non-interest income for the second quarter of 2012 decreased 79.1% to $15.7 million compared to $75.1 million for the second quarter of 2011 but increased 13.8% compared to $13.8 million for the first quarter of 2012. Results for the second quarter of 2011 included a pre-tax bargain purchase gain of $62.8 million on two FDIC-assisted acquisitions. The Company made no FDIC-assisted acquisitions in the second quarter or first six months of 2012.

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