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

Excluding covered loans, the Company’s ratio of loans and leases past due 30 days or more, including past due non-accrual loans and leases, to total loans and leases improved to 0.62% as of September 30, 2012 compared to 1.89% as of September 30, 2011 and 0.75% as of June 30, 2012.

The Company’s net charge-offs for the third quarter of 2012 increased to $3.3 million compared to $1.5 million for the third quarter of 2011 and $2.8 million for the second quarter of 2012. The Company’s net charge-offs for the third quarter of 2012 included $1.6 million for non-covered loans and leases and $1.7 million for covered loans. The Company’s net charge-offs for the third quarter of 2011 included $1.5 million for non-covered loans and leases and none for covered loans. The Company’s net charge-offs for the second quarter of 2012 included $0.8 million for non-covered loans and leases and $2.0 million for covered loans. Net charge-offs for covered loans are reported net of applicable FDIC loss share receivable amounts.

The Company’s annualized net charge-off ratio for its non-covered loans and leases was 0.32% for the third quarter of 2012 compared to 0.33% for the third quarter of 2011 and 0.18% for the second quarter of 2012. The Company’s annualized net charge-off ratio for all loans and leases, including covered loans, was 0.48% for the third quarter of 2012 compared to 0.22% for the third quarter of 2011 and 0.43% for the second quarter of 2012.

The Company’s net charge-offs for the first nine months of 2012 increased to $9.7 million compared to $8.6 million for the first nine months of 2011. The Company’s net charge-offs for the first nine months of 2012 included $4.5 million for non-covered loans and leases and $5.2 million for covered loans. The Company’s net charge-offs for the first nine months of 2011 included $8.6 million for non-covered loans and leases and none for covered loans.

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