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

The Company’s annualized net charge-off ratio for its non-covered loans and leases was 0.31% for the first nine months of 2012 compared to 0.63% for the first nine months of 2011. The Company’s annualized net charge-off ratio for all loans and leases, including covered loans, was 0.49% for the first nine months of 2012 compared to 0.45% for the first nine months of 2011.

For the third quarter of 2012, the Company’s provision for loan and lease losses increased to $3.1 million, which included $1.4 million for non-covered loans and leases and $1.7 million for covered loans. For the third quarter of 2011, the Company’s provision for loan and lease losses was $1.5 million, all of which was for non-covered loans and leases. For the first nine months of 2012, the Company’s provision for loan and lease losses increased to $9.2 million, which included $4.0 million for non-covered loans and leases and $5.2 million for covered loans. For the first nine months of 2011, the Company’s provision for loan and lease losses was $7.5 million, all of which was for non-covered loans and leases.

The Company’s allowance for loan and lease losses decreased to $38.7 million, or 1.90% of total non-covered loans and leases at September 30, 2012, compared to $39.1 million, or 2.10% of total non-covered loans and leases at September 30, 2011, and $38.9 million, or 1.96% of total non-covered loans and leases at June 30, 2012. The Company had no allowance for covered loans at September 30, 2012 or 2011 or June 30, 2012.

CONFERENCE CALL

Management will conduct a conference call to review announcements made in this press release at 10:00 a.m. CDT (11:00 a.m. EDT) on Friday, October 12, 2012. The call will be available live or in recorded version on the Company’s website www.bankozarks.com under “Investor Relations” or interested parties calling from locations within the United States and Canada may call 1-888-438-5491 up to ten minutes prior to the beginning of the call and ask for the Bank of the Ozarks conference call. A recorded playback of the entire call will be available on the Company’s website or by telephone by calling 1-888-203-1112 in the United States and Canada or 719-457-0820 internationally. The passcode for this telephone playback is 8868246. The telephone playback will be available for one week following the call, and the website recording of the call will be available for 12 months.

FORWARD LOOKING STATEMENTS

This release and other communications by the Company contain forward looking statements regarding the Company’s plans, expectations, thoughts, beliefs, estimates, goals and outlook for the future. Actual results may differ materially from those projected in such forward looking statements due to, among other things, potential delays or other problems implementing the Company’s growth and expansion strategy including delays in identifying satisfactory sites, hiring or retaining qualified personnel, obtaining regulatory or other approvals, obtaining permits and designing, constructing and opening new offices; the ability to enter into additional FDIC-assisted acquisitions or make other acquisitions; problems with integrating or managing acquisitions; opportunities to profitably deploy capital; the ability to achieve growth in loans, leases and deposits, including growth from unfunded closed loans; the ability to generate future revenue growth or to control future growth in non-interest expense; interest rate fluctuations, including changes in the yield curve between short-term and long-term interest rates; competitive factors and pricing pressures, including their effect on the Company’s net interest margin; general economic, unemployment, credit market and real estate market conditions, including their effect on the creditworthiness of borrowers and lessees, collateral values, the value of investment securities and asset recovery values, including the value of the FDIC loss share receivable and related assets covered by FDIC loss share agreements; changes in legal and regulatory requirements; recently enacted and potential legislation and regulatory actions, including legislation and regulatory actions intended to stabilize economic conditions and credit markets, increase regulation of the financial services industry and protect homeowners or consumers; changes in U.S. government monetary and fiscal policy; possible further downgrade of U.S. Treasury securities; adoption of new accounting standards or changes in existing standards; and adverse results in current or future litigation as well as other factors identified in this press release or in Management’s Discussion and Analysis under the caption “Forward Looking Information” contained in the Company’s 2011 Annual Report to Stockholders and the most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.

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