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View Annual Report 2013 Annual Report This report contains forward-looking statements and reflects management’s current views of future economic circumstances, industry conditions, Company performance and financial results. These forward-looking statements are subject to a number of factors and uncertainties which could cause the Company’s actual results and experience to materially differ from anticipated results and expectations expressed in such forward-looking statements. A description of certain factors which may affect operating results may be found in this annual report under “Part I—Forward- Looking Information” and under “Item 1A. Risk Factors.” All scenic photographs from Bank of the Ozarks’ trade area. 1 A Long-Term Perspective The outstanding results we achieved in 2013 reflect our commitment to excellence and our focus on long-term goals. Our constant pursuit of adding new customers, building relationships, improving performance and enhancing efficiency has produced great results. The following graphs provide a long-term perspective. Our Company is focused on both growth and profitability. We have achieved excellent long-term growth in loans, leases and deposits, while our net income and diluted earnings per common share have grown at similar rates. 6 140 5 120 Net Income $101.3 Over the past ten years, we have 100 (Millions) 4 $87.1 achieved compounded annual Earnings Per $77.0 80 Common Share growth rates of 15.7% in net $64.0 3 (Diluted) $ 60 2.94 income and 14.5% in diluted $2.41 $2.21 earnings per common share. 2 $ $ 36.8 $ 40 $31.5 $31.7 $31.7 34.5 1.88 $25.9 $20.2 1 $ $1.09 20 $0.94 $0.94 $0.94 1.02 $0.78 $0.62 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 5000 4500 4000 Loans and Leases, including Over the past ten years, our 3500 Covered Loans and Purchased $3,357 Non-covered Loans loans and leases, including 3000 (Millions) $ $2,754 2,692 covered loans and purchased 2500 $2,346 $ 2,021 $ non-covered loans, have grown $1,871 1,904 2000 $ 1,677 at a compounded annual rate $1,371 1500 $1,135 $ of 14.0%. 1000 909 500 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 5000 4500 4000 Deposits $3,717 (Millions) Over the past ten years, our 3500 $3,101 deposits have grown at a 3000 $2,944 $2,541 compounded annual rate 2500 $2,341 $2,045 $2,057 $2,029 of 13.4%. 2000 $1,592 1500 $1,380 $1,062 1000 500 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2 Net interest income is our largest revenue component, and income from service charges, 300 trust and mortgage lending have traditionally been key contributors to non-interest income. 250 Net Interest Income Net interest income has grown (Millions) $193.5 200 $ $168.7 174.3 over the last ten years at a compounded annual rate 150 $ $ 123.6 118.3 of 14.8%. $98.7 100 $77.6 $68.6 $70.7 $60.6 $ 50 48.8 0 35 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 30 25 Service Charge Income (Millions) $21.6 Income from service charges on $19.4 20 $18.1 deposit accounts has grown at $15.2 a compounded annual rate of 15 $ $12.2 $12.0 12.4 $ 10.8% over the past ten years. $9.5 $9.9 10.2 10 $7.8 5 0 6.0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 5.5 5.0 Trust Income $ 4.5 4.1 Over the past ten years, (Millions) 4.0 $ $3.4 3.5 trust income has grown at $ 3.5 $3.1 3.2 a compounded annual rate 3.0 $2.6 2.5 $2.2 of 10.1%. $1.9 $ 2.0 $ 1.7 1.6 $1.5 1.5 1.0 0.5 0.0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 9 8 Mortgage Lending Income 7 (Millions) Mortgage lending is a valuable 6 $5.5 $5.6 $5.6 service to our customers and an 5 important source of non-interest $3.9 income, but it is cyclical in 4 $3.3 $3.3 $3.3 $3.0 $ 2.9 $ nature and varies with interest 3 2.7 $2.2 rate and housing market 2 conditions. 1 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 3 80 Efficiency Ratios 60 We have worked hard to become one of the most % % 47.5 46.2% 47.1 46.3% 46.6% 46.0% % 43.4 % % 42.3 42.9 41.6% efficient bank holding companies in the nation. 37.8 % 40 20 2.0 4.5 4.0 0 1.5 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 3.52013 4.0 4 3.0 2.5 3.2 1.0 Charge-Off Ratios 3 2.52% 2.55% We consider the net charge-off ratio as the ultimate FDIC Insured Financial Institutions 2.0 measure2.4 of asset quality. Our net charge-off ratio Bank of the Ozarks, Inc. 1.5 0.5 1.75% has consistently compared favorably with the 2 1.55% 1.0 1.29% ratio1.6 for all FDIC insured institutions as a group. 1.10 % 0.5 % % ** 0.78 0.81 %* 0.0 0.69% ** 0.00.72 1 % 0.59% 0.56 % % 0.8 0.49 % 0.45 0.39 % ** Source: Data from the FDIC Quarterly Banking Profile for 3Q13. % % 0.30 0.20 0.24 % ** 0.10 % 0.11% 0.12% 0.13 *FDIC data for 2013 is annualized September 30, 2013 data. ** Excludes loans covered by FDIC loss share agreements and net 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 charge-offs0.0 related to such loans. 0 Nonperforming Loans & Leases/ Nonperforming Assets/ 3.06% Total Loans & Leases 1.24% Total Assets 0.76 % 0.75%† 1.72%† 0.70%† % 0.57 %† % 1.17 0.47 0.43%† % 0.34% 0.35% 0.33%† 0.81 % %† 0.25 0.57 %† % 0.39% % 0.43 0.36 % 0.36 0.18 % 0.24 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Loans & Leases Maintaining good asset quality has been an Past Due 30 Days % 2.68 important factor in our historically strong growth or More/Total in net income. Loans & Leases 1.99% 2.01%† 1.53%† 1.14 % 0.77% 0.76% 0.73%† 0.60% %† 0.39% 0.45 † Excludes purchased loans not covered by FDIC loss share agreements and loans and/or foreclosed assets covered by FDIC loss share agreements, 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 except for their inclusion in total assets. 4 4 3 2 1 0 Our Senior Management Team George Gleason Chairman of the Board and Chief Executive Officer George Gleason has led the Company and its predecessors for 35 years. Mr. Gleason purchased Bank of Ozark, which then had approximately $28 million of total assets, in 1979. Since then, the Company has grown roughly 170 times its 1979 size. Dan Thomas Vice Chairman and Chief Lending Officer, President—Real Estate Specialties Group Dan Thomas has 29 years of experience in structuring, financing and managing commerical real estate transactions. He joined Bank of the Ozarks in 2003 and established the Real Estate Specialties Group, which handles many of the Company’s larger and more complex real estate transactions. The Real Estate Specialties Group has offices in Dallas, Austin, and Houston, Texas; Atlanta, Georgia and New York, New York. Greg McKinney Chief Financial Officer and Chief Accounting Officer Greg McKinney joined the Company in 2003 and oversees all accounting, tax, financial reporting, regulatory reporting, funds management, mergers and acquisitions, investment portfolio, loan review, facilities, compliance and human resource functions. Mr. McKinney has 22 years of accounting and financial reporting experience and is a Certified Public Accountant. Tyler Vance Chief Operating Officer and Chief Banking Officer Tyler Vance joined Bank of the Ozarks in 2006. He has 17 years of banking experience and is a Certified Public Accountant. Mr. Vance was named Chief Banking Officer in 2011 and Chief Operating Officer in 2013. Mr. Vance oversees a broad range of duties including retail banking, technology, deposit operations, marketing, training, deposit pricing, internal audit, and treasury management. Darrel Russell Chief Credit Officer and Chairman of the Directors’ Loan Committee Darrel Russell has 33 years of banking experience and has been with the Company since 1983. Mr. Russell was named Chief Credit Officer in 2011 and is responsible for the Company’s overall loan production and credit quality. Mr. Russell is also responsible for oversight of the Company’s banking office in Charlotte, North Carolina. Sean O’Connell Chief Information Officer Sean O’Connell joined the Company in 2013 and is responsible for oversight of information systems and security, information technology, deposit operations, e-banking and item processing. Mr. O’Connell has 34 years of financial services experience. Note: George Gleason, Dan Thomas, Greg McKinney, Tyler Vance, Sean O’Connell and Dennis James serve in the same officer capacity for both the Company and its bank subsidiary. All other officers shown serve as officers only of the bank subsidiary in the capacities indicated. 5 Duane Bickings President, Central Georgia/Florida Division Duane Bickings has 34 years of banking experience and joined the Company in 2010. As President of the Central Georgia/Florida Division, Mr.
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