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

NON-INTEREST INCOME

Non-interest income for the fourth quarter of 2012 was $18.8 million, a 45.4% increase from $13.0 million for the fourth quarter of 2011. Non-interest income for the full year of 2012 was $62.9 million, a 46.3% decrease from $117.1 million for 2011. Results for the fourth quarter and the full year of 2012 included a pre-tax bargain purchase gain of $2.4 million on the Genala acquisition. Results for the full year of 2011 included a pre-tax bargain purchase gain of $65.7 million on three FDIC-assisted acquisitions, none of which occurred in the fourth quarter of 2011.

Service charges on deposit accounts were $4.80 million in the fourth quarter of 2012, a 2.8% decrease from $4.94 million in the fourth quarter of 2011. Service charges on deposit accounts were a record $19.4 million for the full year of 2012, a 7.2% increase from $18.1 million for 2011.

Mortgage lending income was $1.48 million in the fourth quarter of 2012, an increase of 29.3% from $1.15 million in the fourth quarter of 2011. Mortgage lending income was a record $5.58 million for the full year of 2012, an increase of 70.4% from $3.28 million for 2011.

Trust income was $0.93 million for the fourth quarter of 2012, an increase of 14.4% from $0.81 million for the fourth quarter of 2011. Trust income was a record $3.46 million for the full year of 2012, an increase of 7.8% from $3.21 million for 2011.

Income from accretion of the Company’s FDIC loss share receivable, net of amortization of the Company’s FDIC clawback payable, was $1.34 million in the fourth quarter of 2012, a decrease of 43.4% from $2.36 million in the fourth quarter of 2011. For the full year of 2012, income from accretion of the Company’s FDIC loss share receivable, net of amortization of the FDIC clawback payable, was $7.38 million, a decrease of 27.3% from $10.14 million in 2011.

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