GlobeNewswire Inc | Jan 3, 2022 04:01PM EST

January 03, 2022

LITTLE ROCK, Ark., Jan. 03, 2022 (GLOBE NEWSWIRE) -- Bank OZK (the Bank) (Nasdaq: OZK) announced its Board of Directors declared a quarterly cash dividend on the Banks common stock of $0.30 per share, up $0.01, or 3.45%, from the prior quarter. The common stock dividend is payable on January 21, 2022 to shareholders of record as of January 14, 2022. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last forty-six quarters.

The Board of Directors also declared a quarterly cash dividend of $0.32 per share on the Banks 4.625% Series A Non-Cumulative Perpetual Preferred Stock (Series A Preferred Stock) (Nasdaq: OZKAP) for the period covering November 4, 2021 through, but excluding February 15, 2022. The Series A Preferred Stock dividend is payable on February 15, 2022, to the holders of record of the Series A Preferred Stock at the close of business on February 1, 2022.

Bank OZKs consistent track record of increasing its common stock dividend has led to it being included in the S&P High Yield Dividend Aristocrats index (Ticker: SPHYDA) since January 2018. The index consists of members of the S&P Composite 1500 that have followed a managed-dividends policy of consistently increasing common stock dividends every year for at least 20 years, and that meet minimum float-adjusted market capitalization and liquidity requirements. For more information on the index, visit www.spglobal.com/spdji.

GENERAL INFORMATIONBank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations with over 240 offices in eight states including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California and Mississippi and had $26.1 billion in total assets as of September 30, 2021. Bank OZK can be found atwww.ozk.comand onFacebook,TwitterandLinkedInor contacted at (501) 978-2265 or P.O. Box 8811, Little Rock, Arkansas 72231-8811.

The Bank files annual, quarterly and current reports, proxy materials, and other information required by the Securities Exchange Act of 1934 with the Federal Deposit Insurance Corporation (FDIC), copies of which are available electronically at the FDICs website at https://efr.fdic.gov/fcxweb/efr/index.htmland are also available on the Banks investor relations website atir.ozk.com. To receive automated email alerts for these materials please visit https://ir.ozk.com/other/email-alertsto sign up.

Investor Relations Contact: Tim Hicks, (501) 978-2336Media Contact: Candace Graham, (501) 320-4165