Consistency, Strength & Earnings Power Remain the Story at HOMB

Rhea-AI Summary

Home BancShares (NYSE: HOMB) reported record Q2 2025 earnings with net income of $118.4 million and diluted EPS of $0.60. The company maintained a strong net interest margin of 4.44% and achieved total loans of $15.18 billion, marking another record.

Key financial metrics showed robust performance with ROA at 2.08%, ROE at 11.77%, and an efficiency ratio of 41.68%. The company increased its quarterly dividend by 2.6% to $0.20 per share and repurchased 1.0 million shares during Q2.

Asset quality remained solid with non-performing assets to total assets at 0.60% and an allowance for credit losses to total loans of 1.86%. The company maintained strong capital levels with a common equity tier 1 ratio of 15.6%.

Positive

• Record quarterly net income of $118.4 million and EPS of $0.60
• Strong net interest margin maintained at 4.44%
• Record total loans of $15.18 billion with $228.5 million quarterly increase
• Dividend increased by 2.6% to $0.20 per share
• Robust capital position with 15.6% common equity tier 1 ratio
• Strong efficiency ratio of 41.68%

Negative

• Slight increase in non-performing assets ratio from 0.56% to 0.60%
• Net charge-offs of $1.1 million compared to net recoveries of $4.1 million in previous quarter
• Total deposits decreased from $17.54 billion to $17.49 billion
• Total assets declined from $22.99 billion to $22.91 billion

Insights

Banking Financial Analyst

HOMB reported record quarterly results with solid profitability metrics, continued loan growth, and increased dividends despite slightly rising non-performing assets.

Home BancShares delivered record-breaking Q2 2025 results with net income reaching $118.4 million and diluted EPS of $0.60, representing sequential growth of 2.8% and 3.4% respectively from Q1 2025. The company's performance demonstrates remarkable consistency across key metrics.

Loan portfolio growth continues to be a bright spot, with total loans increasing by $228.5 million (1.5%) quarter-over-quarter to a record $15.18 billion. This growth was well-balanced across both traditional community banking ($106.8 million) and the Centennial CFG division ($121.7 million), showing strength in multiple lending channels.

Profitability metrics remain exceptional, with ROA at 2.08% and ROE at 11.77%, both slight improvements over Q1. The efficiency ratio of 41.68% indicates disciplined expense management. The net interest margin held steady at 4.44% despite ongoing deposit pricing pressures, reflecting the bank's ability to maintain spread income in a competitive environment.

The capital position strengthened further with common equity tier 1 capital at 15.6%, up from 15.4% in Q1, providing substantial buffer above regulatory requirements. Book value per share increased to $20.71 from $20.40, continuing its upward trajectory.

One area of modest concern is asset quality, with non-performing loans to total loans increasing slightly to 0.63% from 0.60% in Q1, and non-performing assets to total assets rising to 0.60% from 0.56%. However, the allowance for credit losses remains robust at 1.86% of total loans, providing significant coverage at 292.72% of non-performing loans.

The bank continues to return capital to shareholders through both dividends and share repurchases. The quarterly dividend increased 2.6% to $0.20 per share, and the company repurchased 1 million shares during the quarter, representing a shareholder buyback yield of 0.49%.

Overall, HOMB demonstrates remarkable consistency and strength in its financial performance, with record earnings, solid loan growth, disciplined expense management, and strong capital ratios, despite minor deterioration in asset quality metrics.

CONWAY, Ark., July 16, 2025 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) (“Home” or the “Company”), parent company of Centennial Bank, released quarterly earnings today.

Quarterly Highlights
Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024
Net income	$118.4 million	$115.2 million	$100.6 million	$100.0 million	$101.5 million
Net income, as adjusted (non-GAAP)(1)	$114.6 million	$111.9 million	$99.8 million	$99.0 million	$103.9 million
Total revenue (net)	$271.0 million	$260.1 million	$258.4 million	$258.0 million	$254.6 million
Income before income taxes	$152.0 million	$147.2 million	$129.5 million	$129.1 million	$133.4 million
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)	$155.0 million	$147.2 million	$146.2 million	$148.0 million	$141.4 million
PPNR, as adjusted (non-GAAP)(1)	$150.4 million	$142.8 million	$145.2 million	$146.6 million	$141.9 million
Pre-tax net income to total revenue (net)	56.08%	56.58%	50.11%	50.03%	52.40%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)	54.39%	54.91%	49.74%	49.49%	52.59%
P5NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)	57.19%	56.58%	56.57%	57.35%	55.54%
P5NR, as adjusted (non-GAAP)(1)	55.49%	54.91%	56.20%	56.81%	55.73%
ROA	2.08%	2.07%	1.77%	1.74%	1.79%
ROA, as adjusted (non-GAAP)(1)	2.02%	2.01%	1.76%	1.72%	1.83%
NIM	4.44%	4.44%	4.39%	4.28%	4.27%
Purchase accounting accretion	$1.2 million	$1.4 million	$1.6 million	$1.9 million	$1.9 million
ROE	11.77%	11.75%	10.13%	10.23%	10.73%
ROE, as adjusted (non-GAAP)(1)	11.39%	11.41%	10.05%	10.12%	10.98%
ROTCE (non-GAAP)(1)	18.26%	18.39%	15.94%	16.26%	17.29%
ROTCE, as adjusted (non-GAAP)(1)	17.68%	17.87%	15.82%	16.09%	17.69%
Diluted earnings per share	$0.60	$0.58	$0.51	$0.50	$0.51
Diluted earnings per share, as adjusted (non-GAAP)(1)	$0.58	$0.56	$0.50	$0.50	$0.52
Non-performing assets to total assets	0.60%	0.56%	0.63%	0.63%	0.56%
Common equity tier 1 capital	15.6%	15.4%	15.1%	14.7%	14.4%
Leverage	13.4%	13.3%	13.0%	12.5%	12.3%
Tier 1 capital	15.6%	15.4%	15.1%	14.7%	14.4%
Total risk-based capital	19.3%	19.1%	18.7%	18.3%	18.0%
Allowance for credit losses to total loans	1.86%	1.87%	1.87%	2.11%	2.00%
Book value per share	$20.71	$20.40	$19.92	$19.91	$19.30
Tangible book value per share (non-GAAP)(1)	$13.44	$13.15	$12.68	$12.67	$12.08
Dividends per share	$0.20	$0.195	$0.195	$0.195	$0.18
Shareholder buyback yield(2)	0.49%	0.53%	0.05%	0.56%	0.67%

⁽¹⁾ Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.
⁽²⁾ Calculation of this metric is included in the schedules accompanying this release.

"I am once again very pleased with our quarterly results. Diluted EPS of $0.60 and net income of $118.4 million are both records for HOMB. The ongoing, consistent performance from our bankers led to numerous other records being set in the second quarter, further highlighting that strength is no accident," said John Allison, Chairman & CEO of HOMB.

Stock Repurchases and Dividends

During the three-month period ended June 30, 2025, the Company repurchased 1.0 million shares of common stock, which equated to a shareholder buyback yield of 0.49%⁽¹⁾. In comparison, during the three-month period ended March 31, 2025, the Company repurchased 1.0 million shares of common stock, which equated to a shareholder buyback yield of 0.53%⁽¹⁾. The Company defines shareholder buyback yield as the percentage of the Company’s market capitalization spent on share repurchases. It reflects how much the Company is returning to the shareholders by reducing the number of outstanding shares, and it is calculated by dividing the Company’s total share repurchase cost for the period by the Company’s total market capitalization at the beginning of the period.

In addition, during the quarter ended June 30, 2025, the Company paid a dividend of $0.20 per share. This cash dividend represented a $0.005 per share, or 2.6%, increase over the $0.195 cash dividend paid during the first quarter of 2025.

Operating Highlights

Net income for the three-month period ended June 30, 2025 was $118.4 million, or $0.60 diluted earnings per share, both of which were records for the Company. When adjusting for non-fundamental items, net income and diluted earnings per share on an as-adjusted basis (non-GAAP), were $114.6 million⁽²⁾ and $0.58 per share⁽²⁾, respectively, for the three months ended June 30, 2025.

Our net interest margin was 4.44% for both of the three-month periods ended June 30, 2025 and March 31, 2025. The yield on loans was 7.36% and 7.38% for the three months ended June 30, 2025 and March 31, 2025, respectively, as average loans increased from $14.89 billion to $15.06 billion. Additionally, the rate on interest bearing deposits decreased to 2.64% as of June 30, 2025, from 2.67% as of March 31, 2025, while average interest-bearing deposits increased from $13.20 billion to $13.43 billion.

During the second quarter of 2025, there was $516,000 of event interest income compared to $1.3 million of event interest income for the first quarter of 2025. Purchase accounting accretion on acquired loans was $1.2 million and $1.4 million for the three-month periods ended June 30, 2025 and March 31, 2025, respectively, and average purchase accounting loan discounts were $16.2 million and $17.5 million for the three-month periods ended June 30, 2025 and March 31, 2025, respectively.

Net interest income on a fully taxable equivalent basis was $222.5 million for the three-month period ended June 30, 2025, and $217.2 million for the three-month period ended March 31, 2025. This increase in net interest income for the three-month period ended June 30, 2025, was the result of a $6.6 million increase in interest income, partially offset by a $1.3 million increase in interest expense. The $6.6 million increase in interest income was primarily the result of a $5.3 million increase in loan income and a $2.3 million increase in income from deposits with other banks, partially offset by a $1.0 million decrease in investment income. The $1.3 million increase in interest expense was due to a $1.7 million increase in interest expense on deposits, partially offset by a $363,000 decrease in FHLB and other borrowed funds.

The Company reported $51.1 million of non-interest income for the second quarter of 2025. The most important components of non-interest income were $13.5 million from other income, $12.6 million from other service charges and fees, $9.6 million from service charges on deposit accounts, $5.2 million from trust fees, $4.8 million in mortgage lending income, $2.7 million from dividends from FHLB, FRB, FNBB and other, $1.4 million from the increase in cash value of life insurance and $972,000 from the gain on sale of branches, equipment and other assets, net. Included within other income was $3.5 million in special income from equity investments and $885,000 in legal fee reimbursements.

Non-interest expense for the second quarter of 2025 was $116.0 million. The most important components of non-interest expense were $64.3 million from salaries and employee benefits, $29.3 million in other operating expense, $14.0 million in occupancy and equipment expenses and $8.4 million in data processing expenses. Included within other expense was $3.3 million in legal claims expense, which was partially offset by a $1.5 million FDIC assessment reduction. For the second quarter of 2025, our efficiency ratio was 41.68%, and our efficiency ratio, as adjusted (non-GAAP), was 42.01%⁽²⁾_.

Financial Condition

Total loans receivable were $15.18 billion at June 30, 2025, compared to $14.95 billion at March 31, 2025. Total loans receivable of $15.18 billion were a record for the Company. Total deposits were $17.49 billion at June 30, 2025, compared to $17.54 billion at March 31, 2025. Total assets were $22.91 billion at June 30, 2025, compared to $22.99 billion at March 31, 2025.

During the second quarter of 2025, the Company had a $228.5 million increase in loans. Our community banking footprint experienced $106.8 million in organic loan growth during the quarter ended June 30, 2025, and Centennial CFG experienced $121.7 million of organic loan growth and had loans of $1.83 billion at June 30, 2025.

Non-performing loans to total loans were 0.63% and 0.60% at June 30, 2025 and March 31, 2025, respectively. Non-performing assets to total assets were 0.60% and 0.56% at June 30, 2025 and March 31, 2025, respectively. Net loans charged-off were $1.1 million for the three months ended June 30, 2025, and net loans recovered were $4.1 million for the three months ended March 31, 2025. The charge-off detail by region for the quarters ended June 30, 2025 and March 31, 2025 can be seen below.

For the Three Months Ended June 30, 2025
(in thousands)		Texas				Arkansas				Centennial CFG			Shore Premier Finance				Florida				Alabama				Total
Charge-offs		$	2,588			$	462			$	181		$	582			$	245			$	13			$	4,071
Recoveries			(2,172	)			(223	)			—			(22	)			(577	)			(2	)			(2,996	)
Net charge-offs (recoveries)		$	416			$	239			$	181		$	560			$	(332	)		$	11			$	1,075

For the Three Months Ended March 31, 2025
(in thousands)		Texas				Arkansas				Centennial CFG				Shore Premier Finance				Florida				Alabama				Total
Charge-offs		$	444			$	474			$	—			$	53			$	2,479			$	8			$	3,458
Recoveries			(6,514	)			(228	)			(658	)			(3	)			(117	)			(2	)			(7,522	)
Net (recoveries) charge-offs		$	(6,070	)		$	246			$	(658	)		$	50			$	2,362			$	6			$	(4,064	)

At June 30, 2025, non-performing loans were $96.3 million, and non-performing assets were $137.8 million. At March 31, 2025, non-performing loans were $89.6 million, and non-performing assets were $129.4 million.

The table below shows the non-performing loans and non-performing assets by region as June 30, 2025:

(in thousands)		Texas		Arkansas		Centennial CFG		Shore Premier Finance		Florida		Alabama		Total
Non-accrual loans		22,487		16,276		787		11,716		37,833		162		89,261
Loans 90+ days past due		3,557		2,341		—		—		1,133		—		7,031
Total non-performing loans		26,044		18,617		787		11,716		38,966		162		96,292
Foreclosed assets held for sale		17,259		863		22,842		—		565		—		41,529
Other non-performing assets		—		—		—		—		—		—		—
Total other non-performing assets		17,259		863		22,842		—		565		—		41,529
Total non-performing assets		43,303		19,480		23,629		11,716		39,531		162		137,821

The table below shows the non-performing loans and non-performing assets by region as March 31, 2025:

(in thousands)		Texas		Arkansas		Centennial CFG		Shore Premier Finance		Florida		Alabama		Total
Non-accrual loans		23,694		15,214		2,766		5,444		39,108		157		86,383
Loans 90+ days past due		3,264		—		—		—		—		—		3,264
Total non-performing loans		26,958		15,214		2,766		5,444		39,108		157		89,647
Foreclosed assets held for sale		15,357		1,052		22,820		—		451		—		39,680
Other non-performing assets		63		—		—		—		—		—		63
Total other non-performing assets		15,420		1,052		22,820		—		451		—		39,743
Total non-performing assets		42,378		16,266		25,586		5,444		39,559		157		129,390

The Company’s allowance for credit losses on loans was $281.9 million at June 30, 2025, or 1.86% of total loans, compared to the allowance for credit losses on loans of $279.9 million, or 1.87% of total loans, at March 31, 2025. As of June 30, 2025 and March 31, 2025, the Company’s allowance for credit losses on loans was 292.72% and 312.27% of its total non-performing loans, respectively.

Stockholders’ equity was $4.09 billion at June 30, 2025, which increased approximately $42.8 million from March 31, 2025. The net increase in stockholders’ equity is primarily associated with the $78.9 million increase in retained earnings, which was partially offset by the $11.4 million increase in accumulated other comprehensive loss and the $27.5 million in stock repurchases for the quarter. Book value per common share was $20.71 at June 30, 2025, compared to $20.40 at March 31, 2025. Tangible book value per common share (non-GAAP) was $13.44⁽²⁾ at June 30, 2025, compared to $13.15⁽²⁾ at March 31, 2025. Book value per common share and tangible book value per common share, as of June 30, 2025, were both records for the Company.

Branches

The Company currently has 75 branches in Arkansas, 78 branches in Florida, 58 branches in Texas, 5 branches in Alabama and one branch in New York City.

Conference Call

Management will conduct a conference call to review this information at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, July 17, 2025. We strongly encourage all participants to pre-register for the conference call webcast or the live call using one of the following links. First, participants can pre-register for the conference call webcast using the following link: https://events.q4inc.com/attendee/133918928. Participants who pre-register will be given a unique webcast link to gain immediate access to the conference call webcast. Second, participants can pre-register for the live call using the following link: https://www.netroadshow.com/events/login?show=862a0326&confId=84106. Participants who pre-register will be given the phone number and unique access codes to gain immediate access to the live call. Participants may pre-register now, or at any time prior to the call, and will immediately receive simple instructions via email. The Home BancShares conference call will also be scheduled as an event in your Outlook calendar.

Those without internet access or unable to pre-register may dial in and listen to the live call by calling 1-833-470-1428, Passcode: 171523. A replay of the call will be available by calling 1-866-813-9403, Passcode: 539251, which will be available until July 24, 2025, at 11:59 p.m. CT. Internet access to the call will be available live or in recorded version on the Company's website at www.homebancshares.com. 

About Home BancShares

Home BancShares, Inc. is a bank holding company headquartered in Conway, Arkansas. Its wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, Texas, South Alabama and New York City. The Company’s common stock is traded through the New York Stock Exchange under the symbol “HOMB.” The Company was founded in 1998. Visit www.homebancshares.com or www.my100bank.com for more information.

Non-GAAP Financial Measures

This press release contains financial information determined by methods other than in accordance with generally accepted accounting principles (GAAP). The Company’s management uses these non-GAAP financial measures--including net income (earnings), as adjusted; pre-tax, pre-provision, net income (PPNR); PPNR, as adjusted; pre-tax net income, as adjusted, to total revenue (net); pre-tax, pre-provision, profit percentage; pre-tax, pre-provision, profit percentage, as adjusted; diluted earnings per common share, as adjusted; return on average assets, as adjusted; return on average assets excluding intangible amortization; return on average assets, as adjusted, excluding intangible amortization; return on average common equity, as adjusted; return on average tangible common equity; return on average tangible common equity, as adjusted; return on average tangible common equity excluding intangible amortization; return on average tangible common equity, as adjusted, excluding intangible amortization; efficiency ratio, as adjusted; tangible book value per common share and tangible common equity to tangible assets--to provide meaningful supplemental information regarding our performance. These measures typically adjust GAAP performance measures to include the tax benefit associated with revenue items that are tax-exempt, as well as adjust income available to common shareholders for certain significant items or transactions that management believes are not indicative of the Company’s primary business operating results. Since the presentation of these GAAP performance measures and their impact differ between companies, management believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company’s business. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables of this release.

(1) Calculation of this metric is included in the schedules accompanying this release.
(2) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.

General

This release contains forward-looking statements regarding the Company’s plans, expectations, goals and outlook for the future, including future financial results. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future events, performance or results. When we use words or phrases like “may,” “plan,” “propose,” “contemplate,” “anticipate,” “believe,” “intend,” “continue,” “expect,” “project,” “predict,” “estimate,” “could,” “should,” “would” and similar expressions, you should consider them as identifying forward-looking statements, although we may use other phrasing. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risks and uncertainties. Various factors could cause actual results to differ materially from those contemplated by the forward-looking statements. These factors include, but are not limited to, the following: economic conditions, credit quality, interest rates, loan demand, real estate values and unemployment, including any future impacts from inflation or changes in tariffs or trade policies; the ability to identify, complete and successfully integrate new acquisitions; the risk that expected cost savings and other benefits from acquisitions may not be fully realized or may take longer to realize than expected; diversion of management time on acquisition-related issues; the availability of and access to capital and liquidity on terms acceptable to us; legislative and regulatory changes and risks and expenses associated with current and future legislation and regulations; technological changes and cybersecurity risks and incidents; the effects of changes in accounting policies and practices; changes in governmental monetary and fiscal policies; political instability, military conflicts and other major domestic or international events; the impacts of recent or future adverse weather events, including hurricanes, and other natural disasters; disruptions, uncertainties and related effects on credit quality, liquidity and other aspects of our business and operations that may result from any future public health crises; competition from other financial institutions; potential claims, expenses and other adverse effects related to current or future litigation, regulatory examinations or other government actions; potential increases in deposit insurance assessments, increased regulatory scrutiny or market disruptions resulting from financial challenges in the banking industry; changes in the assumptions used in making the forward-looking statements; and other factors described in reports we file with the Securities and Exchange Commission (the “SEC”), including those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 27, 2025.

FOR MORE INFORMATION CONTACT:
Donna Townsell
Director of Investor Relations
Home BancShares, Inc.
(501) 328-4625

Home BancShares, Inc.
Consolidated End of Period Balance Sheets
(Unaudited)
(In thousands)		Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024				Jun. 30, 2024
ASSETS
Cash and due from banks		$	291,344			$	319,747			$	281,063			$	265,408			$	229,209
Interest-bearing deposits with other banks			809,729				975,983				629,284				752,269				829,507
Cash and cash equivalents			1,101,073				1,295,730				910,347				1,017,677				1,058,716
Federal funds sold			2,600				6,275				3,725				6,425				—
Investment securities - available-for-sale, net of allowance for credit losses			2,899,968				3,003,320				3,072,639				3,270,620				3,344,539
Investment securities - held-to-maturity, net of allowance for credit losses			1,265,292				1,269,896				1,275,204				1,277,090				1,278,853
Total investment securities			4,165,260				4,273,216				4,347,843				4,547,710				4,623,392
Loans receivable			15,180,624				14,952,116				14,764,500				14,823,979				14,781,457
Allowance for credit losses			(281,869	)			(279,944	)			(275,880	)			(312,574	)			(295,856	)
Loans receivable, net			14,898,755				14,672,172				14,488,620				14,511,405				14,485,601
Bank premises and equipment, net			379,729				384,843				386,322				388,776				383,691
Foreclosed assets held for sale			41,529				39,680				43,407				43,040				41,347
Cash value of life insurance			218,113				221,621				219,786				219,353				218,198
Accrued interest receivable			107,732				115,983				120,129				118,871				120,984
Deferred tax asset, net			174,323				170,120				186,697				176,629				195,041
Goodwill			1,398,253				1,398,253				1,398,253				1,398,253				1,398,253
Core deposit intangible			36,255				38,280				40,327				42,395				44,490
Other assets			383,400				376,030				345,292				352,583				350,192
Total assets		$	22,907,022			$	22,992,203			$	22,490,748			$	22,823,117			$	22,919,905
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Deposits:
Demand and non-interest-bearing		$	4,024,574			$	4,079,289			$	4,006,115			$	3,937,168			$	4,068,302
Savings and interest-bearing transaction accounts			11,571,949				11,586,106				11,347,850				10,966,426				11,150,516
Time deposits			1,891,909				1,876,096				1,792,332				1,802,116				1,736,985
Total deposits			17,488,432				17,541,491				17,146,297				16,705,710				16,955,803
Securities sold under agreements to repurchase			140,813				161,401				162,350				179,416				137,996
FHLB and other borrowed funds			550,500				600,500				600,750				1,300,750				1,301,050
Accrued interest payable and other liabilities			203,004				207,154				181,080				238,058				230,011
Subordinated debentures			438,957				439,102				439,246				439,394				439,542
Total liabilities			18,821,706				18,949,648				18,529,723				18,863,328				19,064,402
Stockholders' equity
Common stock			1,972				1,982				1,989				1,989				1,997
Capital surplus			2,221,576				2,246,312				2,272,794				2,272,100				2,295,893
Retained earnings			2,097,712				2,018,801				1,942,350				1,880,562				1,819,412
Accumulated other comprehensive loss			(235,944	)			(224,540	)			(256,108	)			(194,862	)			(261,799	)
Total stockholders' equity			4,085,316				4,042,555				3,961,025				3,959,789				3,855,503
Total liabilities and stockholders' equity		$	22,907,022			$	22,992,203			$	22,490,748			$	22,823,117			$	22,919,905

Home BancShares, Inc.
Consolidated Statements of Income
(Unaudited)
		Quarter Ended																				Six Months Ended
(In thousands)		Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024				Jun. 30, 2024				Jun. 30, 2025				Jun. 30, 2024
Interest income:
Loans		$	276,041			$	270,784			$	278,409			$	281,977			$	274,324			$	546,825			$	539,618
Investment securities
Taxable			26,444				27,433				28,943				31,006				32,587				53,877				65,816
Tax-exempt			7,626				7,650				7,704				7,704				7,769				15,276				15,572
Deposits - other banks			8,951				6,620				7,585				12,096				12,564				15,571				23,092
Federal funds sold			53				55				73				62				59				108				120
Total interest income			319,115				312,542				322,714				332,845				327,303				631,657				644,218
Interest expense:
Interest on deposits			88,489				86,786				90,564				97,785				95,741				175,275				188,289
Federal funds purchased			—				—				—				1				—				—				—
FHLB and other borrowed funds			5,539				5,902				9,541				14,383				14,255				11,441				28,531
Securities sold under agreements to repurchase			1,012				1,074				1,346				1,335				1,363				2,086				2,767
Subordinated debentures			4,123				4,124				4,121				4,121				4,122				8,247				8,219
Total interest expense			99,163				97,886				105,572				117,625				115,481				197,049				227,806
Net interest income			219,952				214,656				217,142				215,220				211,822				434,608				416,412
Provision for credit losses on loans			3,000				—				16,700				18,200				8,000				3,000				13,500
Provision for (recovery of) credit losses on unfunded commitments			—				—				—				1,000				—				—				(1,000	)
Recovery of credit losses on investment securities			—				—				—				(330	)			—				—				—
Total credit loss expense			3,000				—				16,700				18,870				8,000				3,000				12,500
Net interest income after credit loss expense			216,952				214,656				200,442				196,350				203,822				431,608				403,912
Non-interest income:
Service charges on deposit accounts			9,552				9,650				9,935				9,888				9,714				19,202				19,400
Other service charges and fees			12,643				10,689				11,651				10,490				10,679				23,332				20,868
Trust fees			5,234				4,760				4,526				4,403				4,722				9,994				9,788
Mortgage lending income			4,780				3,599				3,518				4,437				4,276				8,379				7,834
Insurance commissions			589				535				483				595				565				1,124				1,073
Increase in cash value of life insurance			1,415				1,842				1,215				1,161				1,279				3,257				2,474
Dividends from FHLB, FRB, FNBB & other			2,657				2,718				2,820				2,637				2,998				5,375				6,005
Gain on SBA loans			—				288				218				145				56				288				254
Gain (loss) on branches, equipment and other assets, net			972				(163	)			26				32				2,052				809				2,044
Gain (loss) on OREO, net			13				(376	)			(2,423	)			85				49				(363	)			66
Fair value adjustment for marketable securities			(238	)			442				850				1,392				(274	)			204				729
Other income			13,462				11,442				8,403				7,514				6,658				24,904				14,038
Total non-interest income			51,079				45,426				41,222				42,779				42,774				96,505				84,573
Non-interest expense:
Salaries and employee benefits			64,318				61,855				60,824				58,861				60,427				126,173				121,337
Occupancy and equipment			14,023				14,425				14,526				14,546				14,408				28,448				28,959
Data processing expense			8,364				8,558				9,324				9,088				8,935				16,922				18,082
Other operating expenses			29,335				28,090				27,536				27,550				29,415				57,425				56,303
Total non-interest expense			116,040				112,928				112,210				110,045				113,185				228,968				224,681
Income before income taxes			151,991				147,154				129,454				129,084				133,411				299,145				263,804
Income tax expense			33,588				31,945				28,890				29,046				31,881				65,533				62,165
Net income		$	118,403			$	115,209			$	100,564			$	100,038			$	101,530			$	233,612			$	201,639

Home BancShares, Inc.
Selected Financial Information
(Unaudited)
		Quarter Ended																				Six Months Ended
(Dollars and shares in thousands, except per share data)		Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024				Jun. 30, 2024				Jun. 30, 2025				Jun. 30, 2024
PER SHARE DATA
Diluted earnings per common share		$	0.60			$	0.58			$	0.51			$	0.50			$	0.51			$	1.18			$	1.00
Diluted earnings per common share, as adjusted (non-GAAP)(1)			0.58				0.56				0.50				0.50				0.52				1.14				1.01
Basic earnings per common share			0.60				0.58				0.51				0.50				0.51				1.18				1.00
Dividends per share - common			0.20				0.195				0.195				0.195				0.18				0.395				0.36
Shareholder buyback yield(2)			0.49	%			0.53	%			0.05	%			0.56	%			0.67	%			1.02	%			1.12	%
Book value per common share		$	20.71			$	20.40			$	19.92			$	19.91			$	19.30			$	20.71			$	19.30
Tangible book value per common share (non-GAAP)(1)			13.44				13.15				12.68				12.67				12.08				13.44				12.08
STOCK INFORMATION
Average common shares outstanding			197,532				198,657				198,863				199,380				200,319				198,091				200,765
Average diluted shares outstanding			197,765				198,852				198,973				199,461				200,465				198,289				200,909
End of period common shares outstanding			197,239				198,206				198,882				198,879				199,746				197,239				199,746
ANNUALIZED PERFORMANCE METRICS
Return on average assets (ROA)			2.08	%			2.07	%			1.77	%			1.74	%			1.79	%			2.08	%			1.78	%
Return on average assets, as adjusted: (ROA, as adjusted) (non-GAAP)(1)			2.02	%			2.01	%			1.76	%			1.72	%			1.83	%			2.02	%			1.79	%
Return on average assets excluding intangible amortization (non-GAAP)(1)			2.25	%			2.24	%			1.92	%			1.88	%			1.94	%			2.25	%			1.93	%
Return on average assets, as adjusted, excluding intangible amortization (non-GAAP)(1)			2.18	%			2.18	%			1.91	%			1.86	%			1.98	%			2.18	%			1.94	%
Return on average common equity (ROE)			11.77	%			11.75	%			10.13	%			10.23	%			10.73	%			11.76	%			10.69	%
Return on average common equity, as adjusted: (ROE, as adjusted) (non-GAAP)(1)			11.39	%			11.41	%			10.05	%			10.12	%			10.98	%			11.40	%			10.76	%
Return on average tangible common equity (ROTCE) (non-GAAP)(1)			18.26	%			18.39	%			15.94	%			16.26	%			17.29	%			18.33	%			17.26	%
Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) (non-GAAP)(1)			17.68	%			17.87	%			15.82	%			16.09	%			17.69	%			17.77	%			17.38	%
Return on average tangible common equity excluding intangible amortization (non-GAAP)(1)			18.50	%			18.64	%			16.18	%			16.51	%			17.56	%			18.57	%			17.53	%
Return on average tangible common equity, as adjusted, excluding intangible amortization (non-GAAP)(1)			17.92	%			18.12	%			16.07	%			16.34	%			17.97	%			18.02	%			17.66	%
(1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.
(2) Calculation of this metric is included in the schedules accompanying this release.

Home BancShares, Inc.
Selected Financial Information
(Unaudited)
		Quarter Ended																				Six Months Ended
(Dollars in thousands)		Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024				Jun. 30, 2024				Jun. 30, 2025				Jun. 30, 2024
Efficiency ratio			41.68	%			42.22	%			42.24	%			41.42	%			43.17	%			41.94	%			43.69	%
Efficiency ratio, as adjusted (non-GAAP)(1)			42.01	%			42.84	%			42.00	%			41.66	%			42.59	%			42.42	%			43.50	%
Net interest margin - FTE (NIM)			4.44	%			4.44	%			4.39	%			4.28	%			4.27	%			4.44	%			4.20	%
Fully taxable equivalent adjustment		$	2,526			$	2,534			$	2,398			$	2,616			$	2,628			$	5,060			$	3,520
Total revenue (net)			271,031				260,082				258,364				257,999				254,596				531,113				500,985
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)			154,991				147,154				146,154				147,954				141,411				302,145				276,304
PPNR, as adjusted (non-GAAP)(1)			150,404				142,821				145,209				146,562				141,886				293,225				275,614
Pre-tax net income to total revenue (net)			56.08	%			56.58	%			50.11	%			50.03	%			52.40	%			56.32	%			52.66	%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)			54.39	%			54.91	%			49.74	%			49.49	%			52.59	%			54.64	%			52.52	%
P5NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)			57.19	%			56.58	%			56.57	%			57.35	%			55.54	%			56.89	%			55.15	%
P5NR, as adjusted (non-GAAP)(1)			55.49	%			54.91	%			56.20	%			56.81	%			55.73	%			55.21	%			55.01	%
Total purchase accounting accretion		$	1,233			$	1,378			$	1,610			$	1,878			$	1,873			$	2,611			$	4,645
Average purchase accounting loan discounts			16,219				17,493				19,090				20,832				22,788				16,873				23,813
OTHER OPERATING EXPENSES
Advertising		$	2,054			$	1,928			$	1,941			$	1,810			$	1,692			$	3,982			$	3,346
Amortization of intangibles			2,025				2,047				2,068				2,095				2,140				4,072				4,280
Electronic banking expense			3,172				3,055				3,307				3,569				3,412				6,227				6,568
Directors' fees			431				452				356				362				423				883				921
Due from bank service charges			283				281				271				302				282				564				558
FDIC and state assessment			1,636				3,387				3,216				3,360				5,494				5,023				8,812
Insurance			1,049				999				900				926				905				2,048				1,808
Legal and accounting			2,360				3,641				2,361				1,902				2,617				6,001				4,698
Other professional fees			2,211				1,947				1,736				2,062				2,108				4,158				4,344
Operating supplies			711				711				711				673				613				1,422				1,296
Postage			488				503				518				522				497				991				1,020
Telephone			419				436				438				455				444				855				914
Other expense			12,496				8,703				9,713				9,512				8,788				21,199				17,738
Total other operating expenses		$	29,335			$	28,090			$	27,536			$	27,550			$	29,415			$	57,425			$	56,303
(1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.

Home BancShares, Inc.
Selected Financial Information
(Unaudited)
(Dollars in thousands)		Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024				Jun. 30, 2024
BALANCE SHEET RATIOS
Total loans to total deposits			86.80	%			85.24	%			86.11	%			88.74	%			87.18	%
Common equity to assets			17.83	%			17.58	%			17.61	%			17.35	%			16.82	%
Tangible common equity to tangible assets (non-GAAP)(1)			12.35	%			12.09	%			11.98	%			11.78	%			11.23	%
														.
LOANS RECEIVABLE
Real estate
Commercial real estate loans
Non-farm/non-residential		$	5,553,182			$	5,588,681			$	5,426,780			$	5,496,536			$	5,599,925
Construction/land development			2,695,561				2,735,760				2,736,214				2,741,419				2,511,817
Agricultural			315,926				335,437				336,993				335,965				345,461
Residential real estate loans
Residential 1-4 family			2,138,990				1,947,872				1,956,489				1,932,352				1,910,143
Multifamily residential			620,439				576,089				496,484				482,648				509,091
Total real estate			11,324,098				11,183,839				10,952,960				10,988,920				10,876,437
Consumer			1,218,834				1,227,745				1,234,361				1,219,197				1,189,386
Commercial and industrial			2,107,326				2,045,036				2,022,775				2,084,667				2,242,072
Agricultural			323,457				314,323				367,251				352,963				314,600
Other			206,909				181,173				187,153				178,232				158,962
Loans receivable		$	15,180,624			$	14,952,116			$	14,764,500			$	14,823,979			$	14,781,457
ALLOWANCE FOR CREDIT LOSSES
Balance, beginning of period		$	279,944			$	275,880			$	312,574			$	295,856			$	290,294
Loans charged off			4,071				3,458				53,959				2,001				3,098
Recoveries of loans previously charged off			2,996				7,522				565				519				660
Net loans charged off (recovered)			1,075				(4,064	)			53,394				1,482				2,438
Provision for credit losses - loans			3,000				—				16,700				18,200				8,000
Balance, end of period		$	281,869			$	279,944			$	275,880			$	312,574			$	295,856
Net charge-offs (recoveries) to average total loans			0.03	%			(0.11	)%			1.44	%			0.04	%			0.07	%
Allowance for credit losses to total loans			1.86	%			1.87	%			1.87	%			2.11	%			2.00	%
NON-PERFORMING ASSETS
Non-performing loans
Non-accrual loans		$	89,261			$	86,383			$	93,853			$	95,747			$	78,090
Loans past due 90 days or more			7,031				3,264				5,034				5,356				8,251
Total non-performing loans			96,292				89,647				98,887				101,103				86,341
Other non-performing assets
Foreclosed assets held for sale, net			41,529				39,680				43,407				43,040				41,347
Other non-performing assets			—				63				63				63				63
Total other non-performing assets			41,529				39,743				43,470				43,103				41,410
Total non-performing assets		$	137,821			$	129,390			$	142,357			$	144,206			$	127,751
Allowance for credit losses for loans to non-performing loans			292.72	%			312.27	%			278.99	%			309.16	%			342.66	%
Non-performing loans to total loans			0.63	%			0.60	%			0.67	%			0.68	%			0.58	%
Non-performing assets to total assets			0.60	%			0.56	%			0.63	%			0.63	%			0.56	%
(1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.

Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
		Three Months Ended
		June 30, 2025									March 31, 2025
(Dollars in thousands)		Average Balance			Income/ Expense			Yield/ Rate			Average Balance			Income/ Expense			Yield/ Rate
ASSETS
Earning assets
Interest-bearing balances due from banks		$	813,833		$	8,951		4.41	%		$	611,962		$	6,620		4.39	%
Federal funds sold			4,878			53		4.36	%			5,091			55		4.38	%
Investment securities - taxable			3,095,764			26,444		3.43	%			3,179,290			27,433		3.50	%
Investment securities - non-taxable - FTE			1,113,044			10,033		3.62	%			1,135,783			10,061		3.59	%
Loans receivable - FTE			15,055,414			276,160		7.36	%			14,893,912			270,907		7.38	%
Total interest-earning assets			20,082,933			321,641		6.42	%			19,826,038			315,076		6.45	%
Non-earning assets			2,714,805									2,722,797
Total assets		$	22,797,738								$	22,548,835
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts		$	11,541,641		$	71,042		2.47	%		$	11,402,688		$	69,672		2.48	%
Time deposits			1,886,147			17,447		3.71	%			1,801,503			17,114		3.85	%
Total interest-bearing deposits			13,427,788			88,489		2.64	%			13,204,191			86,786		2.67	%
Federal funds purchased			46			—		—	%			—			—		—	%
Securities sold under agreement to repurchase			143,752			1,012		2.82	%			155,861			1,074		2.79	%
FHLB and other borrowed funds			566,984			5,539		3.92	%			600,681			5,902		3.98	%
Subordinated debentures			439,027			4,123		3.77	%			439,173			4,124		3.81	%
Total interest-bearing liabilities			14,577,597			99,163		2.73	%			14,399,906			97,886		2.76	%
Non-interest bearing liabilities
Non-interest bearing deposits			3,981,901									3,980,944
Other liabilities			202,085									190,314
Total liabilities			18,761,583									18,571,164
Shareholders' equity			4,036,155									3,977,671
Total liabilities and shareholders' equity		$	22,797,738								$	22,548,835
Net interest spread								3.69	%								3.69	%
Net interest income and margin - FTE					$	222,478		4.44	%					$	217,190		4.44	%

Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
		Six Months Ended
		June 30, 2025									June 30, 2024
(Dollars in thousands)		Average Balance			Income/ Expense			Yield/ Rate			Average Balance			Income/ Expense			Yield/ Rate
ASSETS
Earning assets
Interest-bearing balances due from banks		$	713,455		$	15,571		4.40	%		$	865,686		$	23,092		5.36	%
Federal funds sold			4,984			108		4.37	%			4,718			120		5.11	%
Investment securities - taxable			3,137,296			53,877		3.46	%			3,459,639			65,816		3.83	%
Investment securities - non-taxable - FTE			1,124,351			20,094		3.60	%			1,221,431			18,896		3.11	%
Loans receivable - FTE			14,975,109			547,067		7.37	%			14,568,029			539,814		7.45	%
Total interest-earning assets			19,955,195			636,717		6.43	%			20,119,503			647,738		6.47	%
Non-earning assets			2,718,779									2,660,101
Total assets		$	22,673,974								$	22,779,604
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts		$	11,472,548		$	140,713		2.47	%		$	11,078,749		$	153,525		2.79	%
Time deposits			1,844,059			34,562		3.78	%			1,708,902			34,764		4.09	%
Total interest-bearing deposits			13,316,607			175,275		2.65	%			12,787,651			188,289		2.96	%
Federal funds purchased			23			—		—	%			17			—		—	%
Securities sold under agreement to repurchase			149,773			2,086		2.81	%			165,962			2,767		3.35	%
FHLB and other borrowed funds			583,739			11,441		3.95	%			1,301,071			28,531		4.41	%
Subordinated debentures			439,100			8,247		3.79	%			439,686			8,219		3.76	%
Total interest-bearing liabilities			14,489,242			197,049		2.74	%			14,694,387			227,806		3.12	%
Non-interest bearing liabilities
Non-interest bearing deposits			3,981,425									4,050,787
Other liabilities			196,232									239,704
Total liabilities			18,666,899									18,984,878
Shareholders' equity			4,007,075									3,794,726
Total liabilities and shareholders' equity		$	22,673,974								$	22,779,604
Net interest spread								3.69	%								3.35	%
Net interest income and margin - FTE					$	439,668		4.44	%					$	419,932		4.20	%

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
		Quarter Ended																				Six Months Ended
(Dollars and shares in thousands, except per share data)		Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024				Jun. 30, 2024				Jun. 30, 2025				Jun. 30, 2024
EARNINGS, AS ADJUSTED
GAAP net income available to common shareholders (A)		$	118,403			$	115,209			$	100,564			$	100,038			$	101,530			$	233,612			$	201,639
Pre-tax adjustments
FDIC special assessment			(1,516	)			—				—				—				2,260				(1,516	)			2,260
BOLI death benefits			(1,243	)			—				(95	)			—				—				(1,243	)			(162	)
Gain on sale of premises and equipment			(983	)			—				—				—				(2,059	)			(983	)			(2,059	)
Fair value adjustment for marketable securities			238				(442	)			(850	)			(1,392	)			274				(204	)			(729	)
Special income from equity investment			(3,498	)			(3,891	)			—				—				—				(7,389	)			—
Legal fee reimbursement			(885	)			—				—				—				—				(885	)			—
Legal claims expense			3,300				—				—				—				—				3,300				—
Total pre-tax adjustments			(4,587	)			(4,333	)			(945	)			(1,392	)			475				(8,920	)			(690	)
Tax-effect of adjustments			(817	)			(1,059	)			(208	)			(348	)			119				(1,876	)			(132	)
Deferred tax asset write-down			—				—				—				—				2,030				—				2,030
Total adjustments after-tax (B)			(3,770	)			(3,274	)			(737	)			(1,044	)			2,386				(7,044	)			1,472
Earnings, as adjusted (C)		$	114,633			$	111,935			$	99,827			$	98,994			$	103,916			$	226,568			$	203,111
Average diluted shares outstanding (D)			197,765				198,852				198,973				199,461				200,465				198,289				200,909
GAAP diluted earnings per share: (A/D)		$	0.60			$	0.58			$	0.51			$	0.50			$	0.51			$	1.18			$	1.00
Adjustments after-tax: (B/D)			(0.02	)			(0.02	)			(0.01	)			0.00				0.01				(0.04	)			0.01
Diluted earnings per common share, as adjusted: (C/D)		$	0.58			$	0.56			$	0.50			$	0.50			$	0.52			$	1.14			$	1.01
ANNUALIZED RETURN ON AVERAGE ASSETS
Return on average assets: (A/E)			2.08	%			2.07	%			1.77	%			1.74	%			1.79	%			2.08	%			1.78	%
Return on average assets, as adjusted: (ROA, as adjusted) ((A+D)/E)			2.02	%			2.01	%			1.76	%			1.72	%			1.83	%			2.02	%			1.79	%
Return on average assets excluding intangible amortization: ((A+C)/(E-F))			2.25	%			2.24	%			1.92	%			1.88	%			1.94	%			2.25	%			1.93	%
Return on average assets, as adjusted, excluding intangible amortization: ((A+C+D)/(E-F))			2.18	%			2.18	%			1.91	%			1.86	%			1.98	%			2.18	%			1.94	%
GAAP net income available to common shareholders (A)		$	118,403			$	115,209			$	100,564			$	100,038			$	101,530			$	233,612			$	201,639
Amortization of intangibles (B)			2,025				2,047				2,068				2,095				2,140				4,072				4,280
Amortization of intangibles after-tax (C)			1,530				1,547				1,563				1,572				1,605				3,077				3,210
Adjustments after-tax (D)			(3,770	)			(3,274	)			(737	)			(1,044	)			2,386				(7,044	)			1,472
Average assets (E)			22,797,738				22,548,835				22,565,077				22,893,784				22,875,949				22,673,974				22,779,604
Average goodwill & core deposit intangible (F)			1,435,480				1,437,515				1,439,566				1,441,654				1,443,778				1,436,492				1,444,840

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
		Quarter Ended																				Six Months Ended
(Dollars in thousands)		Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024				Jun. 30, 2024				Jun. 30, 2025				Jun. 30, 2024
ANNUALIZED RETURN ON AVERAGE COMMON EQUITY
Return on average common equity: (A/D)			11.77	%			11.75	%			10.13	%			10.23	%			10.73	%			11.76	%			10.69	%
Return on average common equity, as adjusted: (ROE, as adjusted) ((A+C)/D)			11.39	%			11.41	%			10.05	%			10.12	%			10.98	%			11.40	%			10.76	%
Return on average tangible common equity: (ROTCE) (A/(D-E))			18.26	%			18.39	%			15.94	%			16.26	%			17.29	%			18.33	%			17.26	%
Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) ((A+C)/(D-E))			17.68	%			17.87	%			15.82	%			16.09	%			17.69	%			17.77	%			17.38	%
Return on average tangible common equity excluding intangible amortization: (B/(D-E))			18.50	%			18.64	%			16.18	%			16.51	%			17.56	%			18.57	%			17.53	%
Return on average tangible common equity, as adjusted, excluding intangible amortization: ((B+C)/(D-E))			17.92	%			18.12	%			16.07	%			16.34	%			17.97	%			18.02	%			17.66	%
GAAP net income available to common shareholders (A)		$	118,403			$	115,209			$	100,564			$	100,038			$	101,530			$	233,612			$	201,639
Earnings excluding intangible amortization (B)			119,933				116,756				102,127				101,610				103,135				236,689				204,849
Adjustments after-tax (C)			(3,770	)			(3,274	)			(737	)			(1,044	)			2,386				(7,044	)			1,472
Average common equity (D)			4,036,155				3,977,671				3,950,176				3,889,712				3,805,800				4,007,075				3,794,726
Average goodwill & core deposits intangible (E)			1,435,480				1,437,515				1,439,566				1,441,654				1,443,778				1,436,492				1,444,840
EFFICIENCY RATIO & P5NR
Efficiency ratio: ((D-G)/(B+C+E))			41.68	%			42.22	%			42.24	%			41.42	%			43.17	%			41.94	%			43.69	%
Efficiency ratio, as adjusted: ((D-G-I)/(B+C+E-H))			42.01	%			42.84	%			42.00	%			41.66	%			42.59	%			42.42	%			43.50	%
Pre-tax net income to total revenue (net) (A/(B+C))			56.08	%			56.58	%			50.11	%			50.03	%			52.40	%			56.32	%			52.66	%
Pre-tax net income, as adjusted, to total revenue (net) ((A+F)/(B+C))			54.39	%			54.91	%			49.74	%			49.49	%			52.59	%			54.64	%			52.52	%
Pre-tax, pre-provision, net income (PPNR) (B+C-D)		$	154,991			$	147,154			$	146,154			$	147,954			$	141,411			$	302,145			$	276,304
Pre-tax, pre-provision, net income, as adjusted (B+C-D+F)		$	150,404			$	142,821			$	145,209			$	146,562			$	141,886			$	293,225			$	275,614
P5NR (Pre-tax, pre-provision, profit percentage) PPNR to total revenue (net)) (B+C-D)/(B+C)			57.19	%			56.58	%			56.57	%			57.35	%			55.54	%			56.89	%			55.15	%
P5NR, as adjusted (B+C-D+F)/(B+C)			55.49	%			54.91	%			56.20	%			56.81	%			55.73	%			55.21	%			55.01	%
Pre-tax net income (A)		$	151,991			$	147,154			$	129,454			$	129,084			$	133,411			$	299,145			$	263,804
Net interest income (B)			219,952				214,656				217,142				215,220				211,822				434,608				416,412
Non-interest income (C)			51,079				45,426				41,222				42,779				42,774				96,505				84,573
Non-interest expense (D)			116,040				112,928				112,210				110,045				113,185				228,968				224,681
Fully taxable equivalent adjustment (E)			2,526				2,534				2,398				2,616				2,628				5,060				3,520
Total pre-tax adjustments (F)			(4,587	)			(4,333	)			(945	)			(1,392	)			475				(8,920	)			(690	)
Amortization of intangibles (G)			2,025				2,047				2,068				2,095				2,140				4,072				4,280
Adjustments:
Non-interest income:
Fair value adjustment for marketable securities		$	(238	)		$	442			$	850			$	1,392			$	(274	)		$	204			$	729
Gain (loss) on OREO			13				(376	)			(2,423	)			85				49				(363	)			66
Gain (loss) on branches, equipment and other assets, net			972				(163	)			26				32				2,052				809				2,044
Special income from equity investment			3,498				3,891				—				—				—				7,389				—
BOLI death benefits			1,243				—				95				—				—				1,243				162
Legal expense reimbursement			885				—				—				—				—				885				—
Total non-interest income adjustments (H)		$	6,373			$	3,794			$	(1,452	)		$	1,509			$	1,827			$	10,167			$	3,001
Non-interest expense:
FDIC special assessment			(1,516	)			—				—				—				2,260				(1,516	)			2,260
Legal claims expense			3,300				—				—				—				—				3,300				—
Total non-interest expense adjustments (I)		$	1,784			$	—			$	—			$	—			$	2,260			$	1,784			$	2,260

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
		Quarter Ended
		Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024				Jun. 30, 2024
TANGIBLE BOOK VALUE PER COMMON SHARE
Book value per common share: (A/B)		$	20.71			$	20.40			$	19.92			$	19.91			$	19.30
Tangible book value per common share: ((A-C-D)/B)			13.44				13.15				12.68				12.67				12.08
Total stockholders' equity (A)		$	4,085,316			$	4,042,555			$	3,961,025			$	3,959,789			$	3,855,503
End of period common shares outstanding (B)			197,239				198,206				198,882				198,879				199,746
Goodwill (C)			1,398,253				1,398,253				1,398,253				1,398,253				1,398,253
Core deposit and other intangibles (D)			36,255				38,280				40,327				42,395				44,490
TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS
Equity to assets: (B/A)			17.83	%			17.58	%			17.61	%			17.35	%			16.82	%
Tangible common equity to tangible assets: ((B-C-D)/(A-C-D))			12.35	%			12.09	%			11.98	%			11.78	%			11.23	%
Total assets (A)		$	22,907,022			$	22,992,203			$	22,490,748			$	22,823,117			$	22,919,905
Total stockholders' equity (B)			4,085,316				4,042,555				3,961,025				3,959,789				3,855,503
Goodwill (C)			1,398,253				1,398,253				1,398,253				1,398,253				1,398,253
Core deposit and other intangibles (D)			36,255				38,280				40,327				42,395				44,490

Home BancShares, Inc.
Shareholder Buyback Yield
(Unaudited)
		Quarter Ended																				Six Months Ended
(Dollars and shares in thousands)		Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024				Jun. 30, 2024				Jun. 30, 2025				Jun. 30, 2024
SHAREHOLDER BUYBACK YIELD
Shareholder buyback yield: (A/B)			0.49	%			0.53	%			0.05	%			0.56	%			0.67	%			1.02	%			1.12	%
Shares repurchased			1,000				1,000				96				1,000				1,400				2,000				2,426
Average price per share		$	26.99			$	29.67			$	26.38			$	26.90			$	23.26			$	28.33			$	23.31
Principal cost			26,989				29,668				2,526				26,902				32,562				56,657				56,549
Excise tax			459				117				(72	)			63				285				576				421
Total share repurchase cost (A)		$	27,448			$	29,785			$	2,454			$	26,965			$	32,847			$	57,233			$	56,970
Shares outstanding beginning of period			198,206				198,882				198,879				199,746				200,797				198,882				201,526
Price per share beginning of period		$	28.27			$	28.30			$	27.09			$	23.96			$	24.57			$	28.30			$	25.33
Market capitalization beginning of period (B)		$	5,603,284			$	5,628,361			$	5,387,632			$	4,785,914			$	4,933,582			$	5,628,361			$	5,104,654

FAQ

What were HOMB's Q2 2025 earnings per share and net income?

HOMB reported record earnings with diluted EPS of $0.60 and net income of $118.4 million for Q2 2025.

What is Home BancShares' current dividend and how has it changed?

HOMB increased its quarterly dividend by 2.6% to $0.20 per share, up from $0.195 in the previous quarter.

How much did HOMB's loan portfolio grow in Q2 2025?

HOMB's total loans increased by $228.5 million during Q2 2025, reaching a record $15.18 billion.

What is Home BancShares' current net interest margin (NIM)?

HOMB maintained a net interest margin of 4.44% in Q2 2025, unchanged from the previous quarter.

How many shares did HOMB repurchase in Q2 2025?

HOMB repurchased 1.0 million shares during Q2 2025, representing a shareholder buyback yield of 0.49%.

What is HOMB's current asset quality status?

HOMB reported non-performing assets to total assets of 0.60% and an allowance for credit losses to total loans of 1.86% as of Q2 2025.