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1. If diversified banks like Wells Fargo offer a broad range of consumer and business services, Bank OZK is a highly specialized lender known for its expertise in large, complex commercial real estate developments across the country.

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• Deposit Accounts: Services for individuals and businesses to securely save and manage their money through various account types like checking, savings, money market, and Certificates of Deposit (CDs).
• Commercial Real Estate Loans: Financing solutions, primarily through their Real Estate Specialties Group (RESG), for large-scale commercial property development and acquisition projects.
• Commercial & Industrial Loans: Loans provided to businesses for working capital, equipment purchases, and other operational needs.
• Consumer Loans: Lending products offered to individuals for personal use, such as auto loans, mortgages, and personal lines of credit.
• Treasury Management Services: Financial tools and services designed for businesses to optimize cash flow, manage payments, and enhance financial operations efficiency.

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Bank OZK (NASDAQ: OZK) primarily serves other companies, particularly through its Real Estate Specialties Group (RESG), which constitutes the largest portion of its loan portfolio. These customers are typically experienced real estate developers and investors.

Banks, by industry practice and regulatory requirements, do not publicly disclose the names of their individual customer companies or borrowers due to privacy, confidentiality, and competitive reasons. Therefore, it is not possible to list specific major customer companies for Bank OZK.

However, Bank OZK's major customer base can be categorized as:

• Real Estate Developers and Investors: These are companies involved in the development, acquisition, and management of various types of commercial real estate projects (e.g., multifamily, office, retail, industrial, hospitality). They typically seek large-scale construction, acquisition, and bridge financing.
• Small and Medium-sized Businesses (SMBs): Companies seeking commercial and industrial loans, treasury management services, and other business banking solutions for their operational needs, expansion, and equipment financing.
• Individual Consumers: While not the primary focus in terms of loan volume compared to its RESG portfolio, Bank OZK also serves individuals with a range of personal banking products, including checking and savings accounts, mortgages, and consumer loans through its community banking network.

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George Gleason, Chairman & Chief Executive Officer

George Gleason purchased the small Bank of Ozark in 1979 at the age of 25, when it had two branches and $28 million in assets. He transitioned from his legal career at the Rose Law Firm to lead the bank, overseeing its growth into Bank OZK, a publicly owned institution recognized as one of the nation's top-performing banks. Under his leadership, the bank expanded into multiple states and became a significant lender for commercial construction projects. He also facilitated the acquisition of Newton County Bank and six other banks as part of the bank's expansion strategy.

Tim Hicks, Chief Financial Officer

Tim Hicks assumed the role of Chief Financial Officer in June 2022. He joined Bank OZK in 2009 and has held several key positions, including Chief Credit and Administrative Officer, Senior Vice President of Corporate Finance, Executive Vice President of Corporate Finance, and Chief Administrative Officer and Executive Director of Investor Relations. Before his tenure at Bank OZK, he served as Director of Investor Relations and Assistant Treasurer for a publicly traded telecommunications company from 2006 to 2009. Prior to that, he was a senior audit manager at a big-four public accounting firm.

Cynthia "Cindy" Wolfe, Chief Operating Officer

Cindy Wolfe became Chief Operating Officer in June 2022, bringing extensive experience to the role, having joined Bank OZK in 1997. Her previous positions at the bank include Chief Banking Officer since 2018, Deputy Director of Community Banking, Carolinas Division President, Charlotte Market President, and various lending roles, including opening the Charlotte loan production office in 2001. Before joining Bank OZK, she held diverse roles in commercial lending, operations, project management, and internal audit at other national banks.

Brannon Hamblen, President

Brannon Hamblen has served as President of Bank OZK since July 2021. He joined the bank in 2008 and previously held the title of President and Chief Operating Officer – Real Estate Specialties Group ("RESG") since 2018. His career at Bank OZK also includes roles as Senior Vice President, Originations; Director of Asset Management – RESG; and Chief Operating Officer – RESG.

John Carter, Chief Credit Officer

John Carter rejoined Bank OZK as Chief Credit Officer in March 2023. He previously worked for the bank from 2009 to 2020, serving in various leadership capacities, including Chief Credit Officer, Director of Community Banking, Deputy Director of Community Bank Lending, Little Rock Market President, and Senior Vice President. Between his two tenures at Bank OZK, he was the Chief Investment Officer for Huffman and Company from 2020 to 2023, and also served as CEO of Huffman & Co. for eight months.

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• Concentration in Commercial Real Estate (CRE) Loans: Bank OZK has a substantial exposure to commercial real estate loans, which include construction, land development, and other non-farm/non-residential real estate loans. This concentration is considerably higher than many of its peers, with CRE loans standing at 421% of tangible common equity as of March 31, 2025. The specialized nature of these loans, often large and complex, makes the bank particularly vulnerable to downturns in the property market, rising interest rates, or economic slowdowns, which could lead to increased defaults and credit losses. Recent examples of troubled large construction loans, such as a life science project in San Diego and a multi-use project in Atlanta, have drawn analyst downgrades and highlighted the specific risks associated with these significant exposures.
• High Cost of Funding and Net Interest Margin (NIM) Compression: Another significant risk for Bank OZK is its relatively higher cost of funding compared to some other regional banks. The bank's business model, which involves actively seeking commercial real estate and construction development lending, often means it has a lower proportion of cheaper, non-interest-bearing deposits and a higher reliance on more expensive time and brokered deposits. In a rising interest rate environment, this can lead to increased funding costs and pressure on its net interest margin (NIM), which is the difference between interest earned on loans and interest paid on deposits. While the bank has historically maintained strong NIMs, there have been projections of NIM pressure and compression in the near term due to the lagged impact of deposit repricing and anticipated Federal Reserve rate cuts.

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The intensifying downturn in the commercial real estate (CRE) market, particularly in sectors such as office and certain retail properties, represents a clear emerging threat. This environment is characterized by sustained higher interest rates, structural shifts in demand (e.g., remote work impacting office occupancy), and tightening credit conditions across the industry. For Bank OZK, which has a significant concentration in its Real Estate Specialties Group (RSG) portfolio, this situation could lead to increased loan defaults and charge-offs, difficulties for borrowers in refinancing maturing loans, pressure on asset valuations, and a significant slowdown in demand for new construction and development loans, which have historically been a primary driver of the bank's growth and profitability. The full extent of these market pressures and their long-term impact is still unfolding.

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Bank OZK (symbol: OZK) participates in several key markets within the United States, primarily through its Real Estate Specialties Group, Community Banking, and Wealth Management services. The addressable markets for their main products and services are as follows:

• Commercial Real Estate Lending: Bank OZK's Real Estate Specialties Group focuses on commercial real estate construction and development loans. The total value of the commercial real estate sector in the U.S. was estimated at $22.5 trillion in the fourth quarter of 2023. Another estimate places the U.S. commercial real estate market size at $1.70 trillion in 2025, projected to reach $1.94 trillion by 2030.
• Community Banking Services: This segment includes traditional banking services such as deposits, consumer loans, residential mortgages, and small business loans. Community banks in the U.S. controlled $3.2 trillion in assets as of December 2022. The U.S. community banking market was valued at USD 6.35 billion in 2024, projected to grow at a CAGR of 3.8%. Another source indicates the market size of community banking to be $19.39 billion in 2025, growing from $17.79 billion in 2024.
• Residential Mortgage Lending: As part of its community banking and broader lending services, Bank OZK offers residential mortgages. Americans collectively owe $12.94 trillion on 86.47 million mortgages, representing 70.3% of U.S. consumer debt. The U.S. home loan market reached USD 2.29 trillion in 2025. Mortgage originations in the U.S. totaled $1.69 trillion in 2024.
• Wealth Management: Bank OZK offers wealth management and trust services. The Assets under Management (AUM) in the U.S. wealth management market are predicted to reach $67.75 trillion by 2024. In 2025, the United States holds approximately 54.2% of global AUM, with global AUM reaching $162 trillion, which implies a U.S. market size of approximately $87.76 trillion for wealth management in 2025.

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Expected Drivers of Future Revenue Growth for Bank OZK (OZK)

Bank OZK is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:

• Loan Portfolio Expansion, particularly within Corporate and Institutional Banking (CIB): Bank OZK has demonstrated consistent loan growth, with a 10.1% increase in its loan portfolio in the first half of 2025 and a 3.8% growth in total loans in Q1 2025. This growth is significantly driven by the Corporate and Institutional Banking (CIB) group, which has seen substantial expansion, including record origination growth and the introduction of new teams and business lines, such as a natural resources group. The bank expects this growth trajectory to continue into 2026 and beyond, with forecasts for mid-single-digit loan growth in 2026 and more significant growth in 2027.
• Strategic Branch Network Expansion: The bank is actively expanding its physical footprint, with 11 new branches opened year-to-date in the first half of 2025, and plans to open an additional 14 branches in the latter half of 2025, and approximately 25 more in 2026. This expansion, primarily in states like Florida, Texas, and Georgia, is aimed at supporting deposit growth and enhancing its service network, thereby contributing to increased revenue.
• Diversification of Loan Portfolio: While maintaining a strong position in real estate loans, Bank OZK is actively diversifying its loan portfolio. The bank has reported progress in reducing the percentage of real estate loans as a portion of total loans (down to 60% in Q2 2025 from a high of 70%) and expects much of its growth in 2025 and 2026 to come from other lending teams, including community banking, indirect RV & marine, and further expansion within CIB. This diversification into new market segments and services is a deliberate approach to capturing greater market share and broadening income sources.
• Optimizing Net Interest Income through Deposit Management: Bank OZK has emphasized its resilient interest margin, underpinned by effective management of deposit costs. In Q1 2025, the bank achieved a notable 29 basis point reduction in its cost of interest-bearing deposits, which is expected to continue to improve. This focus on managing deposit costs, alongside continued growth in average earning assets, is anticipated to drive record net interest income in multiple quarters of 2025 and for the full year.

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Share Repurchases

• In July 2024, Bank OZK's Board of Directors approved a $200 million stock repurchase program, which was set to expire on July 1, 2025.
• A new $200 million stock repurchase program was authorized on June 5, 2025, effective from July 1, 2025, through July 1, 2026.
• During the second quarter of 2025, the company repurchased 1.12 million shares of common stock for $43.2 million.

Share Issuance

• In October 2021, Bank OZK priced a public offering of 14,000,000 shares of its 4.625% Series A Non-Cumulative Perpetual Preferred Stock, yielding approximately $339 million in net proceeds.
• In 2024, 532,941 shares of common stock were issued under stock-based compensation plans, valued at $0.862 million.

Outbound Investments

• The proceeds from the October 2021 preferred stock offering were intended, in part, for financing organic growth or strategic acquisitions.
• Bank OZK's 2022 annual report indicated strategies to utilize excess capital, including financially attractive acquisitions for cash or a combination of cash and stock.
• The bank is consistently focused on growth, expansion, and acquisition strategies.

Capital Expenditures

• Capital expenditures for premises and equipment in 2022 amounted to $29.9 million.
• Expected capital expenditures for 2023 were projected to be between $20 million and $35 million, covering construction projects, furniture and equipment, network and other IT costs, and acquisition of sites for future development.
• Bank OZK plans to increase its branch network by approximately 10% by the end of 2025, primarily in existing states, to support future deposit growth.