Bank OZK (OZK) investor relations material

Executive summary

• CIB (Corporate & Institutional Banking) continues to be the primary growth engine, expanding into over 42 industry niches and driving portfolio diversification, while Indirect lending and commercial/community banking also contribute to growth.

• RESG (Real Estate Specialties Group) faces headwinds from repayments, with growth expected to resume post-2027 as market conditions stabilize.

• Achieved net interest income of $385.6M in Q1 2026, up 3.0% year-over-year but down 5.3% sequentially due to seasonality.

• Net income available to common stockholders for Q1 2026 was $159.3 million, down 5.1% year-over-year from $167.9 million in Q1 2025.

• Management highlighted effective navigation of challenging macroeconomic and geopolitical conditions and reaffirmed confidence in strategic initiatives.

Financial highlights

• Net interest margin was 4.20% in Q1 2026, outperforming the industry by 91 bps.

• Efficiency ratio stood at 39.0%, among the best in the industry, and is expected to remain elevated during expansion.

• Total assets reached $41.7B, loans $33.0B, and deposits $33.8B as of March 31, 2026.

• Annualized net charge-off ratio was 0.57% for Q1 2026, with allowance for credit losses at $628.5M, or 1.46% of loans.

• Book value per share increased 10.1% year-over-year; tangible book value per share up 11.0%.

Outlook and guidance

• Expect net interest income to increase in each subsequent quarter of 2026, aiming to surpass 2025’s record $1.59B.

• CIB and RESG portfolios are expected to be roughly equal by 2027, with continued expansion into new verticals and geographies.

• Project mid-single digit loan growth for 2026, accelerating to 10–11% in 2027 as RESG repayments subside.

• Efficiency ratio expected to remain in the high 30s% range during ongoing business build-out, with long-term improvement anticipated.

• Forward-looking statements caution that actual results may differ due to risks and uncertainties.