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Bank Of The Ozarks, Inc. Announces Fourth Quarter And Full Year 2012 Earnings

Deposits were $3.10 billion at December 31, 2012, a 5.3% increase compared to $2.94 billion at December 31, 2011.

Total assets were $4.04 billion at December 31, 2012, a 5.2% increase compared to $3.84 billion at December 31, 2011.

Common stockholders’ equity was $508 million at December 31, 2012, a 19.6% increase from $425 million at December 31, 2011. Book value per common share was $14.39 at December 31, 2012, a 16.8% increase from $12.32 at December 31, 2011. Changes in common stockholders’ equity and book value per common share reflect earnings, dividends paid, stock option and stock grant transactions, the issuance of stock as part of the Genala acquisition, and changes in the Company’s mark-to-market adjustment for unrealized gains and losses on investment securities available for sale.

The Company’s ratio of common stockholders’ equity to total assets increased to 12.57% at December 31, 2012, compared to 11.05% at December 31, 2011. Its ratio of tangible common stockholders’ equity to tangible total assets increased to 12.31% at December 31, 2012 compared to 10.77% at December 31, 2011.

NET INTEREST INCOME

Net interest income for the fourth quarter of 2012 was $43.8 million, a 4.5% decrease from $45.8 million for the fourth quarter of 2011. Net interest margin, on a fully taxable equivalent (“FTE”) basis, was 5.84% in the fourth quarter of 2012, a 21 basis point decrease from 6.05% in the fourth quarter of 2011. Average earning assets were $3.12 billion in the fourth quarter of 2012, a 1.1% decrease from $3.15 billion in the fourth quarter of 2011.

Net interest income for the year ended December 31, 2012 was $174.3 million, a 3.3% increase from $168.7 million for the year ended December 31, 2011. The Company’s net interest margin (FTE) for 2012 was 5.91%, a seven basis point increase from 5.84% for 2011. Average earning assets were $3.09 billion for 2012, a 1.7% increase from $3.04 billion for 2011.

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