HOMB Delivers Another Strong Quarter: $400 Million Loan Growth, Sub-40% Efficiency Ratio & Robust Margin Drive 18% Year-Over-Year Income Increase and Annual ROA of 2.10%

Q: What did Home BancShares (HOMB) report for full-year 2025 net income?

Home BancShares reported $475.4 million in net income for 2025, an 18% increase year‑over‑year.

Q: How much loan growth did HOMB record in Q4 2025 and what were total loans?

HOMB reported $400.2 million in Q4 2025 loan growth, bringing total loans to $15.69 billion .

Q: What was HOMB's efficiency ratio and net interest margin in Q4 2025?

The Q4 2025 efficiency ratio was 39.54% and net interest margin was 4.61% .

Q: What was HOMB's diluted earnings per share for Q4 2025 and full year 2025?

Diluted EPS was $0.60 in Q4 2025 and $2.41 for full-year 2025.

Q: Did any non-recurring items impact HOMB's Q4 2025 income?

Yes; Q4 included a $4.9 million recovery on a lawsuit, which was recorded in other income.

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Home BancShares (NYSE: HOMB) reported record 2025 results with $475.4 million in annual net income, an 18% YoY increase. Q4 net income was $118.2 million and diluted EPS was $0.60. The quarter included a $400.2 million increase in loans, a sub-40% efficiency ratio (39.54%), and a net interest margin of 4.61%. Total loans reached a record $15.69 billion and total deposits were $17.48 billion. Q4 included a $14.4 million provision for credit losses and a $4.9 million recovery on a lawsuit.

Positive

Annual net income $475.4 million (+18% YoY)
Q4 loan growth $400.2 million
Efficiency ratio 39.54% (sub-40%)
Record total loans $15.69 billion
NIM 4.61% in Q4 2025
Diluted EPS (2025) $2.41

Negative

Q4 provision for credit losses $14.4 million
Non-interest expense peak $116.0 million in Q2 2025 (legal claims)
Non-performing assets $124.8 million at Dec 31, 2025
Net loans charged-off (Q4) $2.5 million

News Market Reaction

+0.91%

1 alert

+0.91% News Effect

On the day this news was published, HOMB gained 0.91%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Annual net income 2025: $475.4 million Q4 2025 net income: $118.2 million Net interest margin: 4.61% +5 more

8 metrics

Annual net income 2025 $475.4 million Full year 2025 net income, up 18% year-over-year

Q4 2025 net income $118.2 million Quarter ended December 31, 2025

Net interest margin 4.61% Q4 2025 NIM vs 4.56% in Q3 2025

Efficiency ratio 39.54% Q4 2025 reported efficiency ratio

Annual ROA 2.10% Full-year 2025 return on assets

Q4 loan growth $400.2 million Fourth quarter 2025 loan growth

Total loans $15.69 billion Total loans receivable at December 31, 2025

Allowance for credit losses $297.6 million (1.90% of loans) Allowance on loans at December 31, 2025

Market Reality Check

Price: $29.47 Vol: Volume 2,098,857 is 1.67x...

high vol

$29.47 Last Close

Volume Volume 2,098,857 is 1.67x the 20-day average of 1,258,223, indicating elevated trading interest into this earnings release. high

Technical Shares at 28.61 sit 8.51% below the 52-week high of 31.27 and 18.13% above the 52-week low of 24.22, trading close to the 200-day MA level around 28.21.

Peers on Argus

HOMB slipped 0.78% while key regional peers like OZK, FNB, GBCI, HWC and VLY ros...

HOMB slipped 0.78% while key regional peers like OZK, FNB, GBCI, HWC and VLY rose between 0.73% and 2.8%. The negative move contrasts with broadly positive peer action, pointing to a stock-specific response to the earnings details rather than a sector-wide bank trade.

Historical Context

5 past events · Latest: Dec 15 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 15	Earnings date notice	Neutral	-0.2%	Scheduled Q4 2025 release and conference call details.
Dec 08	M&A announcement	Positive	+0.0%	All‑stock Mountain Commerce deal labeled triple accretive.
Nov 17	Conference participation	Neutral	-3.9%	Stephens conference fireside chat disclosure.
Oct 22	Dividend increase	Positive	+0.6%	Quarterly dividend raised to $0.21 per share.
Oct 15	Earnings – Q3 2025	Positive	-3.1%	Record Q3 2025 earnings, strong NIM and loan growth.

Pattern Detected

Recent news shows mixed alignment: dividend and M&A headlines saw mildly positive or flat reactions, while the last record earnings quarter on Oct 15 coincided with a -3.14% move, suggesting occasional sell-the-news responses to strong results.

Recent Company History

Over the past few months, HOMB has highlighted a series of shareholder-focused actions and strong performance. A Q3 2025 release on Oct 15 reported record net income of $123.6M, EPS of $0.63, NIM of 4.56%, and record loans of $15.29B. On Oct 22, the company raised its quarterly dividend to $0.21 per share, citing ROA above 2.00%. In December, HOMB announced an all‑stock acquisition of Mountain Commerce valued at about $150.1M. The current strong Q4 and full‑year 2025 results extend this profitability and balance sheet growth trajectory.

Market Pulse Summary

This announcement highlights a record $475.4 million in 2025 net income, an annual ROA of 2.10%, and...

Analysis

This announcement highlights a record $475.4 million in 2025 net income, an annual ROA of 2.10%, and a Q4 efficiency ratio of 39.54%, supported by $400.2 million in quarterly loan growth and stable credit metrics. Recent history includes a dividend increase to $0.21 per share and an all‑stock acquisition aimed at expanding the footprint. Investors watching this story would typically focus on net interest margin trends, non‑performing asset levels, allowance coverage, and execution of the Mountain Commerce integration.

Key Terms

net interest margin, efficiency ratio, tangible book value per share, allowance for credit losses, +3 more

7 terms

net interest margin financial

"Our net interest margin was 4.61% and 4.56% for the three-month periods..."

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

efficiency ratio financial

"For the fourth quarter of 2025, our efficiency ratio was 39.54%..."

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

allowance for credit losses financial

"The Company’s allowance for credit losses on loans was $297.6 million..."

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

non-performing assets financial

"Non-performing assets to total assets were 0.55% and 0.56%..."

Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.

tier 1 capital financial

"Tier 1 capital | | 16.3% | | 16.1%..."

Tier 1 capital is a bank’s core financial cushion—mainly common stock, retained earnings and certain reserves—that can absorb losses while the bank keeps operating. Investors care because it signals a lender’s ability to survive stress, meet regulatory requirements and continue lending or paying dividends; think of it as the engine’s safety margin that keeps a car running through bumps in the road.

fully taxable equivalent financial

"Net interest income on a fully taxable equivalent basis was $233.8 million..."

A fully taxable equivalent converts a tax-free yield into the pretax yield you would need from a taxable investment to get the same after-tax return, using an investor’s marginal tax rate. Think of it like inflating a discounted price to the full sticker price so you can compare items side‑by‑side; investors use it to fairly compare tax-exempt securities with taxable alternatives and choose the better after-tax income.

AI-generated analysis. Not financial advice.

01/14/2026 - 05:15 PM

CONWAY, Ark., Jan. 14, 2026 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) (“Home” or the “Company”), parent company of Centennial Bank, released quarterly earnings today.

Quarterly Highlights

Metric	Q4 2025		Q3 2025		Q2 2025		Q1 2025		Q4 2024
Net income	$118.2 million		$123.6 million		$118.4 million		$115.2 million		$100.6 million
Net income, as adjusted (non-GAAP)⁽¹⁾	$117.9 million		$119.7 million		$114.6 million		$111.9 million		$99.8 million
Total revenue (net)	$282.1 million		$277.7 million		$271.0 million		$260.1 million		$258.4 million
Income before income taxes	$153.3 million		$159.3 million		$152.0 million		$147.2 million		$129.5 million
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)⁽¹⁾	$167.7 million		$162.8 million		$155.0 million		$147.2 million		$146.2 million
PPNR, as adjusted (non-GAAP)⁽¹⁾	$167.1 million		$157.7 million		$150.4 million		$142.8 million		$145.2 million
Pre-tax net income to total revenue (net)		54.35%		57.38%		56.08%		56.58%		50.11%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)⁽¹⁾		54.14%		55.53%		54.39%		54.91%		49.74%
P5_NR(Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)⁽¹⁾		59.46%		58.64%		57.19%		56.58%		56.57%
P5_NR, as adjusted (non-GAAP)⁽¹⁾		59.25%		56.80%		55.49%		54.91%		56.20%
ROA		2.06%		2.17%		2.08%		2.07%		1.77%
ROA, as adjusted (non-GAAP)⁽¹⁾		2.05%		2.10%		2.02%		2.01%		1.76%
NIM		4.61%		4.56%		4.44%		4.44%		4.39%
Purchase accounting accretion	$1.3 million		$1.3 million		$1.2 million		$1.4 million		$1.6 million
ROE		11.04%		11.91%		11.77%		11.75%		10.13%
ROE, as adjusted (non-GAAP)⁽¹⁾		11.01%		11.54%		11.39%		11.41%		10.05%
ROTCE (non-GAAP)⁽¹⁾		16.65%		18.28%		18.26%		18.39%		15.94%
ROTCE, as adjusted (non-GAAP)⁽¹⁾		16.60%		17.70%		17.68%		17.87%		15.82%
Diluted earnings per share	$0.60		$0.63		$0.60		$0.58		$0.51
Diluted earnings per share, as adjusted (non-GAAP)⁽¹⁾	$0.60		$0.61		$0.58		$0.56		$0.50
Non-performing assets to total assets		0.55%		0.56%		0.60%		0.56%		0.63%
Common equity tier 1 capital		16.3%		16.1%		15.6%		15.4%		15.1%
Leverage		14.1%		13.8%		13.4%		13.3%		13.0%
Tier 1 capital		16.3%		16.1%		15.6%		15.4%		15.1%
Total risk-based capital		19.1%		18.9%		19.3%		19.1%		18.7%
Allowance for credit losses to total loans		1.90%		1.87%		1.86%		1.87%		1.87%
Book value per share	$21.88		$21.41		$20.71		$20.40		$19.92
Tangible book value per share (non-GAAP)⁽¹⁾	$14.60		$14.13		$13.44		$13.15		$12.68
Dividends per share	$0.21		$0.20		$0.20		$0.195		$0.195
Shareholder buyback yield⁽²⁾		0.27%		0.18%		0.49%		0.53%		0.05%

⁽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.

“HOMB delivered a record $475.4 million in annual income, driven by strong fourth-quarter results: a sub-40% efficiency ratio, $400.2 million in loan growth, robust margin and resolution of the Texas lawsuit which provided additional income. These accomplishments underscore our commitment to operational excellence and shareholder value,” said John Allison, Chairman.


Quarterly Financial Performance Trends Dollar amounts presented below in thousands.

Net income increased steadily through the first three quarters of 2025, reaching a peak of $123.6 million in Q3. Net income, as adjusted (non-GAAP)⁽¹⁾ followed a similar trend, ending the year at $117.9 million. In Q4, net income was $118.2 million, as the Company recorded $14.4 million in provision for credit losses primarily due to $400.2 million in 4th quarter loan growth. The full-year performance reflects strong profitability and disciplined financial management.		PPNR continued its upward trajectory throughout 2025, reflecting strong underlying earnings power. PPNR (non-GAAP)⁽¹⁾ grew from $146.2 million at Q4 2024 to $167.7 million at Q4 2025. PPNR, as adjusted, (non-GAAP)⁽¹⁾ increased to $167.1 million in Q4 2025 from $145.2 million in Q4 2024. This consistent growth highlights the strength of our operations and reinforces our ability to deliver sustained profitability and create long-term shareholder value.



Total revenue (net) demonstrated steady quarterly growth throughout 2025. Total revenue (net) increased from $258.4 million in Q4 2024 to $260.1 million in Q1 2025, followed by $271.0 million in Q2 and $277.7 million in Q3. By Q4 2025, it reached $282.1 million, reflecting continued momentum and strong performance across the year.		Interest expense declined steadily throughout 2025, decreasing from $105.6 million in Q4 2024 to $92.0 million in Q4 2025. Non-interest expense remained relatively stable, ranging from $112.2 million in Q4 2024 to $114.4 million in Q4 2025, with a peak of $116.0 million in Q2 2025, primarily due to legal claims expense. The overall trend reflects effective management of interest costs while maintaining consistent non-interest expense levels.

ROA demonstrated strong improvement in 2025, rising from 1.77% in Q4 2024 to a peak of 2.17% in Q3 2025. ROA, as adjusted, (non-GAAP)⁽¹⁾ followed a similar trend, reaching 2.10% in Q3 2025. Despite a slight moderation in Q4 2025 resulting from the provision for credit losses, both measures ended the year above 2.0%, reflecting continued strength in asset utilization and profitability. These results underscore our ability to deliver superior returns and position the Company for sustained growth.		The chart below underscores the Company’s strong and consistent performance in managing operating expenses, as reflected in its efficiency ratio over the past five quarters. The efficiency ratio is a key metric that measures how effectively the Company converts its revenue into net income by comparing non-interest expenses to total revenue. A lower efficiency ratio indicates greater operational efficiency and cost discipline, which are essential for sustaining profitability and enhancing shareholder value.


The tables below present additional key financial metrics over the past five quarters, including net interest margin (NIM), yield on interest-earning assets, rate on interest-bearing liabilities, and net interest spread. These metrics are fundamental indicators of the Company’s profitability and operational efficiency.

Annual Financial Performance Trends Dollar and share amounts presented below in thousands.

Net income has shown consistent growth over the past four years. In 2022, net income was $305.3 million, increasing by 29% to $392.9 million in 2023. Growth continued in 2024 with net income reaching $402.2 million, a 2% increase from the prior year. In 2025, net income rose significantly to $475.4 million, representing an 18% year-over-year increase and marking the highest level in the period.		Diluted earnings per share (DEPS) demonstrated strong growth over the past four years, rising from $1.57 in 2022 to $2.41 in 2025, an increase of 53%. Year-over-year, DEPS grew 24% in 2023, 4% in 2024, and accelerated to 20% in 2025, reflecting improved profitability. Shares outstanding declined steadily during the same period, moving from 203.4 million in 2022 to 196.4 million in 2025, a reduction of approximately 3.5%, which contributed to the increase in per-share earnings. This combination of higher earnings and reduced share count underscores the Company’s commitment to enhancing shareholder value.

Operating Highlights

Net income for the three-month period ended December 31, 2025 was $118.2 million, or $0.60 diluted earnings per share. When adjusting for non-fundamental items, net income and diluted earnings per share on an as-adjusted basis (non-GAAP), were $117.9 million⁽¹⁾ and $0.60 per share⁽¹⁾, respectively, for the three months ended December 31, 2025.

Our net interest margin was 4.61% and 4.56% for the three-month periods ended December 31, 2025 and September 30, 2025, respectively. The yield on loans was 7.30% and 7.39% for the three months ended December 31, 2025 and September 30, 2025, respectively, as average loans increased from $15.22 billion to $15.51 billion. The rate on interest bearing deposits decreased to 2.47% as of December 31, 2025, from 2.62% as of September 30, 2025, while average interest-bearing deposits increased from $13.32 billion to $13.47 billion.

During the fourth quarter of 2025, there was $2.6 million of event interest income compared to $1.5 million of event interest income for the third quarter of 2025. The increase in event income was accretive to the net interest margin by two basis points. Purchase accounting accretion on acquired loans was $1.3 million for both of the three-month periods ended December 31, 2025 and September 30, 2025, and average purchase accounting loan discounts were $13.8 million and $15.0 million for the three-month periods ended December 31, 2025 and September 30, 2025, respectively.

Net interest income on a fully taxable equivalent basis was $233.8 million for the three-month period ended December 31, 2025, and $229.1 million for the three-month period ended September 30, 2025. This increase in net interest income for the three-month period ended December 31, 2025, was the result of a $5.3 million decrease in interest expense, which was partially offset by a $565,000 decrease in interest income. The $5.3 million decrease in interest expense was due to a $4.2 million decrease in interest expense on deposits, a $648,000 decrease in interest expense on subordinated debt and a $393,000 decrease in interest expense on FHLB and other borrowed funds. The $565,000 decrease in interest income was primarily the result of a $1.8 million decrease in income from deposits with other banks and a $427,000 decrease in income from investments. These reductions were partially offset by a $1.7 million increase in loan income.

The Company reported $50.5 million of non-interest income for the fourth quarter of 2025. The most important components of non-interest income were $12.8 million from other income, $11.1 million from other service charges and fees, $10.5 million from service charges on deposit accounts, $5.1 million from trust fees, $4.7 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 $1.2 million from the fair value adjustment for marketable securities. Included within other income was $4.9 million income from a recovery on a lawsuit.

Non-interest expense for the fourth quarter of 2025 was $114.4 million. The most important components of non-interest expense were $62.9 million salaries and employee benefits expense, $27.8 million in other operating expense, $14.4 million in occupancy and equipment expenses, $8.7 million in data processing expenses and $580,000 in merger and acquisition expenses. For the fourth quarter of 2025, our efficiency ratio was 39.54%, and our efficiency ratio, as adjusted (non-GAAP), was 39.53%⁽¹⁾_.

Financial Condition

Total loans receivable were $15.69 billion at December 31, 2025, compared to $15.29 billion at September 30, 2025. Total loans receivable of $15.69 billion were a record for the Company. Total deposits were $17.48 billion at December 31, 2025, compared to $17.33 billion at September 30, 2025. Total assets were $22.88 billion at December 31, 2025, compared to $22.71 billion at September 30, 2025.

During the fourth quarter of 2025, the Company had a $400.2 million increase in loans. Our community banking footprint experienced $164.3 million in organic loan growth during the quarter ended December 31, 2025, and Centennial CFG experienced $235.9 million of organic loan growth and had loans of $2.01 billion at December 31, 2025.

Non-performing loans to total loans were 0.54% and 0.56% at December 31, 2025 and September 30, 2025, respectively. Non-performing assets to total assets were 0.55% and 0.56% at December 31, 2025 and September 30, 2025, respectively. Net loans charged-off were $2.5 million and $2.9 million for the three months ended December 31, 2025 and September 30, 2025, respectively. The charge-off detail by region for the quarters ended December 31, 2025 and September 30, 2025 can be seen below.

For the Three Months Ended December 31, 2025
(in thousands)	Texas			Arkansas			Centennial CFG		Shore Premier Finance			Florida			Alabama			Total
Charge-offs	$	600		$	1,420		$	—	$	400		$	542		$	101		$	3,063
Recoveries		(345	)		(195	)		—		(4	)		(49	)		(4	)		(597	)
Net charge-offs (recoveries)	$	255		$	1,225		$	—	$	396		$	493		$	97		$	2,466

For the Three Months Ended September 30, 2025
(in thousands)	Texas			Arkansas			Centennial CFG		Shore Premier Finance			Florida			Alabama			Total
Charge-offs	$	2,496		$	605		$	—	$	735		$	807		$	8		$	4,651
Recoveries		(1,451	)		(225	)		—		(5	)		(47	)		(3	)		(1,731	)
Net charge-offs (recoveries)	$	1,045		$	380		$	—	$	730		$	760		$	5		$	2,920

At December 31, 2025, non-performing loans were $85.0 million, and non-performing assets were $124.8 million. At September 30, 2025, non-performing loans were $85.2 million, and non-performing assets were $126.5 million.

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

(in thousands)	Texas		Arkansas		Centennial CFG		Shore Premier Finance		Florida		Alabama		Total
Non-accrual loans	$	24,234	$	18,234	$	787	$	10,048	$	24,645	$	54	$	78,002
Loans 90+ days past due		2,383		291		—		3,286		1,020		—		6,980
Total non-performing loans		26,617		18,525		787		13,334		25,665		54		84,982

Foreclosed assets held for sale		15,988		771		22,812		—		260		—		39,831
Total other non-performing assets		15,988		771		22,812		—		260		—		39,831
Total non-performing assets	$	42,605	$	19,296	$	23,599	$	13,334	$	25,925	$	54	$	124,813

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

(in thousands)	Texas		Arkansas		Centennial CFG		Shore Premier Finance		Florida		Alabama		Total
Non-accrual loans	$	25,701	$	19,102	$	787	$	10,472	$	24,867	$	158	$	81,087
Loans 90+ days past due		3,167		704		—		—		254		—		4,125
Total non-performing loans		28,868		19,806		787		10,472		25,121		158		85,212

Foreclosed assets held for sale		16,711		972		22,812		—		768		—		41,263
Total other non-performing assets		16,711		972		22,812		—		768		—		41,263
Total non-performing assets	$	45,579	$	20,778	$	23,599	$	10,472	$	25,889	$	158	$	126,475

The Company’s allowance for credit losses on loans was $297.6 million at December 31, 2025, or 1.90% of total loans, compared to the allowance for credit losses on loans of $285.6 million, or 1.87% of total loans, at September 30, 2025. As of December 31, 2025 and September 30, 2025, the Company’s allowance for credit losses on loans was 350.17% and 335.22% of its total non-performing loans, respectively.

Shareholders’ equity was $4.30 billion at December 31, 2025, which increased approximately $81.9 million from September 30, 2025. The net increase in shareholders’ equity is primarily associated with the $77.0 million increase in retained earnings and the $17.2 million decrease in accumulated other comprehensive loss. This was partially offset by the $14.9 million in stock repurchases for the quarter. Book value per common share was $21.88 at December 31, 2025, compared to $21.41 at September 30, 2025. Tangible book value per common share (non-GAAP) was $14.60⁽¹⁾ at December 31, 2025, compared to $14.13⁽¹⁾ at September 30, 2025. Book value per common share, as of December 31, 2025, was a record for the Company.

Stock Repurchases and Dividends

During the three-month period ended December 31, 2025, the Company repurchased 540,706 shares of common stock, which equated to a shareholder buyback yield of 0.27%⁽²⁾. In comparison, during the three-month period ended September 30, 2025, the Company repurchased 350,000 shares of common stock, which equated to a shareholder buyback yield of 0.18%⁽²⁾. 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 December 31, 2025, the Company paid a dividend of $0.21 per share. This cash dividend represented a $0.01 per share, or 5.0%, increase over the $0.20 cash dividend paid during the third quarter of 2025.

Branches

The Company currently has 75 branches in Arkansas, 78 branches in Florida, 59 branches in Texas, 5 branches in Alabama and one branch in New York City.

Acquisition

The Company’s previously announced acquisition of Mountain Commerce Bancshares, Inc. (“MCBI”) and its bank subsidiary, Mountain Commerce Bank, is currently expected to close during the first half of 2026 and is subject to the approval of the shareholders of each company, regulatory approvals and other customary closing conditions.

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, January 15, 2026. 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/310151620. 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/LE9zwo3kK6J6SjV2b5r4rf2GdIxxCyTzC0Q. 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: 099220. A replay of the call will be available by calling 1-866-813-9403, Passcode: 784585, which will be available until January 22, 2026, at 10:59 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 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.

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 possibility that the proposed acquisition of MCBI does not close when expected or at all because required regulatory, shareholder or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all; the possibility that such transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the risk that the benefits from the transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Home and MCBI operate; the ability to promptly and effectively integrate the businesses of Home and MCBI; the reaction to the transaction of the companies’ customers, employees and counterparties; diversion of management time on acquisition-related issues; the effect of any future mergers, acquisitions or other transactions to which we or our bank subsidiary may from time to time be a party, including as a result of one or more of the factors described above as they would relate to such transaction; the ability to identify, complete and successfully integrate additional acquisitions; 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.

Additional Important Information and Where to Find It

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to the proposed business combination transaction involving Home and MCBI. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful. In connection with the proposed acquisition, Home has filed with the SEC a Registration Statement on Form S-4 (the “Registration Statement”) to register the shares of Home common stock to be issued to shareholders of MCBI in connection with the transaction. The Registration Statement, when it is declared effective by the SEC, will include a Proxy Statement of MCBI and a Prospectus of Home, as well as other relevant materials regarding the proposed merger transaction involving Home and MCBI. INVESTORS AND SECURITY HOLDERS OF MCBI ARE ADVISED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE MERGER OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING THE PROPOSED MERGER TRANSACTION. Investors and security holders may obtain free copies of these documents, once they are filed, and other documents filed with the SEC on the SEC’s website at http://www.sec.gov. Investors and security holders may also obtain free copies of the documents filed with the SEC by Home at Home’s website at http://www.homebancshares.com, Investor Relations, or by contacting Donna Townsell, by telephone at (501) 328-4625.

Participants in Solicitation

Home and MCBI and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of MCBI in connection with the merger transaction. Information about the directors and executive officers of Home and their ownership of Home common stock is set forth in the proxy statement for Home’s 2025 Annual Meeting of Shareholders, as filed with the SEC on Schedule 14A on March 7, 2025. Information about the directors and executive officers of MCBI and their ownership of MCBI common stock will be set forth in the Proxy Statement/Prospectus included in the Registration Statement. Additional information regarding the interests of those participants and other persons who may be deemed participants in the transaction may be obtained by reading the Proxy Statement/Prospectus regarding the merger transaction. Free copies of this document may be obtained as described in the preceding paragraph when it becomes available.

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)	Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Dec. 31, 2024
ASSETS
Cash and due from banks	$	237,224		$	284,750		$	291,344		$	319,747		$	281,063
Interest-bearing deposits with other banks		430,113			516,170			809,729			975,983			629,284
Cash and cash equivalents		667,337			800,920			1,101,073			1,295,730			910,347
Federal funds sold		3,000			3,625			2,600			6,275			3,725
Investment securities - available-for-sale, net of allowance for credit losses		2,871,931			2,924,496			2,899,968			3,003,320			3,072,639
Investment securities - held-to-maturity, net of allowance for credit losses		1,259,262			1,264,200			1,265,292			1,269,896			1,275,204
Total investment securities		4,131,193			4,188,696			4,165,260			4,273,216			4,347,843
Loans receivable		15,686,209			15,285,972			15,180,624			14,952,116			14,764,500
Allowance for credit losses		(297,583	)		(285,649	)		(281,869	)		(279,944	)		(275,880	)
Loans receivable, net		15,388,626			15,000,323			14,898,755			14,672,172			14,488,620
Bank premises and equipment, net		369,324			374,515			379,729			384,843			386,322
Foreclosed assets held for sale		39,831			41,263			41,529			39,680			43,407
Cash value of life insurance		220,469			219,075			218,113			221,621			219,786
Accrued interest receivable		108,939			110,702			107,732			115,983			120,129
Deferred tax asset, net		148,022			155,963			174,323			170,120			186,697
Goodwill		1,398,253			1,398,253			1,398,253			1,398,253			1,398,253
Core deposit intangible		32,293			34,231			36,255			38,280			40,327
Other assets		374,592			380,236			383,400			376,030			345,292
Total assets	$	22,881,879		$	22,707,802		$	22,907,022		$	22,992,203		$	22,490,748

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Deposits:
Demand and non-interest-bearing	$	3,868,405		$	3,880,101		$	4,024,574		$	4,079,289		$	4,006,115
Savings and interest-bearing transaction accounts		11,792,828			11,500,921			11,571,949			11,586,106			11,347,850
Time deposits		1,818,724			1,946,674			1,891,909			1,876,096			1,792,332
Total deposits		17,479,957			17,327,696			17,488,432			17,541,491			17,146,297
Securities sold under agreements to repurchase		155,803			145,998			140,813			161,401			162,350
FHLB and other borrowed funds		500,250			550,500			550,500			600,500			600,750
Accrued interest payable and other liabilities		169,733			189,551			203,004			207,154			181,080
Subordinated debentures		279,265			279,093			438,957			439,102			439,246
Total liabilities		18,585,008			18,492,838			18,821,706			18,949,648			18,529,723

Shareholders' equity
Common stock		1,964			1,969			1,972			1,982			1,989
Capital surplus		2,201,923			2,214,211			2,221,576			2,246,312			2,272,794
Retained earnings		2,258,871			2,181,911			2,097,712			2,018,801			1,942,350
Accumulated other comprehensive loss		(165,887	)		(183,127	)		(235,944	)		(224,540	)		(256,108	)
Total shareholders' equity		4,296,871			4,214,964			4,085,316			4,042,555			3,961,025
Total liabilities and shareholders' equity	$	22,881,879		$	22,707,802		$	22,907,022		$	22,992,203		$	22,490,748

Home BancShares, Inc.
Consolidated Statements of Income
(Unaudited)

	Quarter Ended														Year Ended
(In thousands)	Dec. 31, 2025		Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Dec. 31, 2024			Dec. 31, 2025			Dec. 31, 2024
Interest income:
Loans	$	285,491	$	283,165		$	276,041		$	270,784		$	278,409		$	1,115,481		$	1,100,004
Investment securities
Taxable		25,860		26,326			26,444			27,433			28,943			106,063			125,765
Tax-exempt		7,834		7,743			7,626			7,650			7,704			30,853			30,980
Deposits - other banks		4,405		6,242			8,951			6,620			7,585			26,218			42,773
Federal funds sold		41		56			53			55			73			205			255
Total interest income		323,631		323,532			319,115			312,542			322,714			1,278,820			1,299,777
Interest expense:
Interest on deposits		83,739		87,962			88,489			86,786			90,564			346,976			376,638
Federal funds purchased		—		—			—			—			—			—			1
FHLB and other borrowed funds		4,985		5,378			5,539			5,902			9,541			21,804			52,455
Securities sold under agreements to repurchase		962		1,019			1,012			1,074			1,346			4,067			5,448
Subordinated debentures		2,359		3,007			4,123			4,124			4,121			13,613			16,461
Total interest expense		92,045		97,366			99,163			97,886			105,572			386,460			451,003
Net interest income		231,586		226,166			219,952			214,656			217,142			892,360			848,774
Provision for credit losses on loans		14,400		6,700			3,000			—			16,700			24,100			48,400
Recovery of credit losses on unfunded commitments		—		(1,000	)		—			—			—			(1,000	)		—
Recovery of credit losses on investment securities		—		(2,194	)		—			—			—			(2,194	)		(330	)
Total credit loss expense		14,400		3,506			3,000			—			16,700			20,906			48,070
Net interest income after credit loss expense		217,186		222,660			216,952			214,656			200,442			871,454			800,704
Non-interest income:
Service charges on deposit accounts		10,480		10,486			9,552			9,650			9,935			40,168			39,223
Other service charges and fees		11,148		12,130			12,643			10,689			11,651			46,610			43,009
Trust fees		5,121		4,600			5,234			4,760			4,526			19,715			18,717
Mortgage lending income		4,680		4,691			4,780			3,599			3,518			17,750			15,789
Insurance commissions		460		574			589			535			483			2,158			2,151
Increase in cash value of life insurance		1,400		1,404			1,415			1,842			1,215			6,061			4,850
Dividends from FHLB, FRB, FNBB & other		2,678		2,658			2,657			2,718			2,820			10,711			11,462
Gain on SBA loans		308		46			—			288			218			642			617
Gain (loss) on branches, equipment and other assets, net		11		(66	)		972			(163	)		26			754			2,102
Gain (loss) on OREO, net		203		(1	)		13			(376	)		(2,423	)		(161	)		(2,272	)
Fair value adjustment for marketable securities		1,173		1,020			(238	)		442			850			2,397			2,971
Other income		12,838		13,963			13,462			11,442			8,403			51,705			29,955
Total non-interest income		50,500		51,505			51,079			45,426			41,222			198,510			168,574
Non-interest expense:
Salaries and employee benefits		62,891		63,804			64,318			61,855			60,824			252,868			241,022
Occupancy and equipment		14,434		14,828			14,023			14,425			14,526			57,710			58,031
Data processing expense		8,653		8,871			8,364			8,558			9,324			34,446			36,494
Merger and acquisition expenses		580		—			—			—			—			580			—
Other operating expenses		27,805		27,335			29,335			28,090			27,536			112,565			111,389
Total non-interest expense		114,363		114,838			116,040			112,928			112,210			458,169			446,936
Income before income taxes		153,323		159,327			151,991			147,154			129,454			611,795			522,342
Income tax expense		35,098		35,723			33,588			31,945			28,890			136,354			120,101
Net income	$	118,225	$	123,604		$	118,403		$	115,209		$	100,564		$	475,441		$	402,241

Home BancShares, Inc.
Selected Financial Information
(Unaudited)

	Quarter Ended										Year Ended
(Dollars and shares in thousands, except per share data)	Dec. 31, 2025		Sep. 30, 2025		Jun. 30, 2025		Mar. 31, 2025		Dec. 31, 2024		Dec. 31, 2025		Dec. 31, 2024
PER SHARE DATA
Diluted earnings per common share	$	0.60	$	0.63	$	0.60	$	0.58	$	0.51	$	2.41	$	2.01
Diluted earnings per common share, as adjusted (non-GAAP)⁽¹⁾		0.60		0.61		0.58		0.56		0.50		2.35		2.01
Basic earnings per common share		0.60		0.63		0.60		0.58		0.51		2.41		2.01
Dividends per share - common		0.21		0.20		0.20		0.195		0.195		0.805		0.75
Shareholder buyback yield⁽²⁾		0.27%		0.18%		0.49%		0.53%		0.05%		1.46%		1.69%
Book value per common share	$	21.88	$	21.41	$	20.71	$	20.40	$	19.92	$	21.88	$	19.92
Tangible book value per common share (non-GAAP)⁽¹⁾		14.60		14.13		13.44		13.15		12.68		14.60		12.68

STOCK INFORMATION
Average common shares outstanding		196,553		197,078		197,532		198,657		198,863		197,448		199,939
Average diluted shares outstanding		196,764		197,288		197,765		198,852		198,973		197,651		200,069
End of period common shares outstanding		196,357		196,889		197,239		198,206		198,882		196,357		198,882

ANNUALIZED PERFORMANCE METRICS
Return on average assets (ROA)		2.06%		2.17%		2.08%		2.07%		1.77%		2.10%		1.77%
Return on average assets, as adjusted: (ROA, as adjusted) (non-GAAP)⁽¹⁾		2.05%		2.10%		2.02%		2.01%		1.76%		2.05%		1.77%
Return on average assets excluding intangible amortization (non-GAAP)⁽¹⁾		2.22%		2.34%		2.25%		2.24%		1.92%		2.26%		1.92%
Return on average assets, as adjusted, excluding intangible amortization (non-GAAP)⁽¹⁾		2.22%		2.27%		2.18%		2.18%		1.91%		2.21%		1.92%
Return on average common equity (ROE)		11.04%		11.91%		11.77%		11.75%		10.13%		11.61%		10.43%
Return on average common equity, as adjusted: (ROE, as adjusted) (non-GAAP)⁽¹⁾		11.01%		11.54%		11.39%		11.41%		10.05%		11.33%		10.42%
Return on average tangible common equity (ROTCE) (non-GAAP)⁽¹⁾		16.65%		18.28%		18.26%		18.39%		15.94%		17.87%		16.66%
Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) (non-GAAP)⁽¹⁾		16.60%		17.70%		17.68%		17.87%		15.82%		17.44%		16.64%
Return on average tangible common equity excluding intangible amortization (non-GAAP)⁽¹⁾		16.85%		18.51%		18.50%		18.64%		16.18%		18.10%		16.92%
Return on average tangible common equity, as adjusted, excluding intangible amortization (non-GAAP)⁽¹⁾		16.80%		17.93%		17.92%		18.12%		16.07%		17.67%		16.91%

(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										Year Ended
(Dollars in thousands)	Dec. 31, 2025		Sep. 30, 2025		Jun. 30, 2025		Mar. 31, 2025		Dec. 31, 2024		Dec. 31, 2025		Dec. 31, 2024
Efficiency ratio		39.54%		40.21%		41.68%		42.22%		42.24%		40.88%		42.74%
Efficiency ratio, as adjusted (non-GAAP)⁽¹⁾		39.53%		40.95%		42.01%		42.84%		42.00%		41.29%		42.65%
Net interest margin - FTE (NIM)		4.61%		4.56%		4.44%		4.44%		4.39%		4.51%		4.27%
Fully taxable equivalent adjustment	$	2,252	$	2,916	$	2,526	$	2,534	$	2,398	$	10,228	$	8,534
Total revenue (net)		282,086		277,671		271,031		260,082		258,364		1,090,870		1,017,348
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)⁽¹⁾		167,723		162,833		154,991		147,154		146,154		632,701		570,412
PPNR, as adjusted (non-GAAP)⁽¹⁾		167,130		157,704		150,404		142,821		145,209		618,059		567,385
Pre-tax net income to total revenue (net)		54.35%		57.38%		56.08%		56.58%		50.11%		56.08%		51.34%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)⁽¹⁾		54.14%		55.53%		54.39%		54.91%		49.74%		54.74%		51.05%
P5_NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)⁽¹⁾		59.46%		58.64%		57.19%		56.58%		56.57%		58.00%		56.07%
P5_NR, as adjusted (non-GAAP)⁽¹⁾		59.25%		56.80%		55.49%		54.91%		56.20%		56.66%		55.77%
Total purchase accounting accretion	$	1,265	$	1,272	$	1,233	$	1,378	$	1,610	$	5,148	$	8,133
Average purchase accounting loan discounts		13,753		15,009		16,219		17,493		19,090		15,626		21,882

OTHER OPERATING EXPENSES
Advertising	$	2,114	$	2,149	$	2,054	$	1,928	$	1,941	$	8,245	$	7,097
Amortization of intangibles		1,938		2,024		2,025		2,047		2,068		8,034		8,443
Electronic banking expense		3,288		3,357		3,172		3,055		3,307		12,872		13,444
Directors' fees		388		405		431		452		356		1,676		1,639
Due from bank service charges		324		404		283		281		271		1,292		1,131
FDIC and state assessment		2,970		3,245		1,636		3,387		3,216		11,238		15,388
Insurance		1,044		1,110		1,049		999		900		4,202		3,634
Legal and accounting		1,362		1,061		2,360		3,641		2,361		8,424		8,961
Other professional fees		2,168		2,083		2,211		1,947		1,736		8,409		8,142
Operating supplies		759		773		711		711		711		2,954		2,680
Postage		564		538		488		503		518		2,093		2,060
Telephone		382		367		419		436		438		1,604		1,807
Other expense		10,504		9,819		12,496		8,703		9,713		41,522		36,963
Total other operating expenses	$	27,805	$	27,335	$	29,335	$	28,090	$	27,536	$	112,565	$	111,389

(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)	Dec. 31, 2025		Sep. 30, 2025		Jun. 30, 2025		Mar. 31, 2025		Dec. 31, 2024
BALANCE SHEET RATIOS
Total loans to total deposits		89.74%		88.22%		86.80%		85.24%		86.11%
Common equity to assets		18.78%		18.56%		17.83%		17.58%		17.61%
Tangible common equity to tangible assets (non-GAAP)⁽¹⁾		13.36%		13.08%		12.35%		12.09%		11.98%
							.
LOANS RECEIVABLE
Real estate
Commercial real estate loans
Non-farm/non-residential	$	5,290,112	$	5,494,492	$	5,553,182	$	5,588,681	$	5,426,780
Construction/land development		2,726,993		2,709,197		2,695,561		2,735,760		2,736,214
Agricultural		332,412		331,301		315,926		335,437		336,993
Residential real estate loans
Residential 1-4 family		2,134,334		2,142,375		2,138,990		1,947,872		1,956,489
Multifamily residential		1,140,911		716,595		620,439		576,089		496,484
Total real estate		11,624,762		11,393,960		11,324,098		11,183,839		10,952,960
Consumer		1,253,746		1,233,523		1,218,834		1,227,745		1,234,361
Commercial and industrial		2,222,401		2,100,268		2,107,326		2,045,036		2,022,775
Agricultural		359,879		346,167		323,457		314,323		367,251
Other		225,421		212,054		206,909		181,173		187,153
Loans receivable	$	15,686,209	$	15,285,972	$	15,180,624	$	14,952,116	$	14,764,500

ALLOWANCE FOR CREDIT LOSSES
Balance, beginning of period	$	285,649	$	281,869	$	279,944	$	275,880	$	312,574
Loans charged off		3,063		4,651		4,071		3,458		53,959
Recoveries of loans previously charged off		597		1,731		2,996		7,522		565
Net loans charged off (recovered)		2,466		2,920		1,075		(4,064)		53,394
Provision for credit losses - loans		14,400		6,700		3,000		—		16,700
Balance, end of period	$	297,583	$	285,649	$	281,869	$	279,944	$	275,880

Net charge-offs (recoveries) to average total loans		0.06%		0.08%		0.03%		(0.11)%		1.44%
Allowance for credit losses to total loans		1.90%		1.87%		1.86%		1.87%		1.87%

NON-PERFORMING ASSETS
Non-performing loans
Non-accrual loans	$	78,002	$	81,087	$	89,261	$	86,383	$	93,853
Loans past due 90 days or more		6,980		4,125		7,031		3,264		5,034
Total non-performing loans		84,982		85,212		96,292		89,647		98,887
Other non-performing assets
Foreclosed assets held for sale, net		39,831		41,263		41,529		39,680		43,407
Other non-performing assets		—		—		—		63		63
Total other non-performing assets		39,831		41,263		41,529		39,743		43,470
Total non-performing assets	$	124,813	$	126,475	$	137,821	$	129,390	$	142,357

Allowance for credit losses for loans to non-performing loans		350.17%		335.22%		292.72%		312.27%		278.99%
Non-performing loans to total loans		0.54%		0.56%		0.63%		0.60%		0.67%
Non-performing assets to total assets		0.55%		0.56%		0.60%		0.56%		0.63%

(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
	December 31, 2025					September 30, 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	$	450,187	$	4,405	3.88%	$	567,617	$	6,242	4.36%
Federal funds sold		4,177		41	3.89%		5,142		56	4.32%
Investment securities - taxable		3,001,146		25,860	3.42%		3,039,247		26,326	3.44%
Investment securities - non-taxable - FTE		1,166,233		10,240	3.48%		1,115,834		10,201	3.63%
Loans receivable - FTE		15,506,534		285,337	7.30%		15,216,448		283,623	7.39%
Total interest-earning assets		20,128,277		325,883	6.42%		19,944,288		326,448	6.49%
Non-earning assets		2,658,575					2,694,650
Total assets	$	22,786,852				$	22,638,938

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts	$	11,613,721	$	67,534	2.31%	$	11,408,316	$	70,406	2.45%
Time deposits		1,858,205		16,205	3.46%		1,911,703		17,556	3.64%
Total interest-bearing deposits		13,471,926		83,739	2.47%		13,320,019		87,962	2.62%
Federal funds purchased		—		—	—%		11		—	—%
Securities sold under agreement to repurchase		148,791		962	2.57%		145,883		1,019	2.77%
FHLB and other borrowed funds		518,188		4,985	3.82%		550,501		5,378	3.88%
Subordinated debentures		279,180		2,359	3.35%		338,757		3,007	3.52%
Total interest-bearing liabilities		14,418,085		92,045	2.53%		14,355,171		97,366	2.69%
Non-interest bearing liabilities
Non-interest bearing deposits		3,926,307					3,956,826
Other liabilities		193,604					211,057
Total liabilities		18,537,996					18,523,054
Shareholders' equity		4,248,856					4,115,884
Total liabilities and shareholders' equity	$	22,786,852				$	22,638,938
Net interest spread					3.89%					3.80%
Net interest income and margin - FTE			$	233,838	4.61%			$	229,082	4.56%

Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)

	Year Ended
	December 31, 2025					December 31, 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	$	610,338	$	26,218	4.30%	$	819,445	$	42,773	5.22%
Federal funds sold		4,821		205	4.25%		5,035		255	5.06%
Investment securities - taxable		3,078,265		106,063	3.45%		3,400,325		125,765	3.70%
Investment securities - non-taxable - FTE		1,132,761		40,535	3.58%		1,190,033		39,057	3.28%
Loans receivable - FTE		15,169,888		1,116,027	7.36%		14,675,001		1,100,461	7.50%
Total interest-earning assets		19,996,073		1,289,048	6.45%		20,089,839		1,308,311	6.51%
Non-earning assets		2,697,522					2,664,541
Total assets	$	22,693,595				$	22,754,380

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts	$	11,491,941	$	278,654	2.42%	$	11,078,003	$	304,976	2.75%
Time deposits		1,864,674		68,322	3.66%		1,747,302		71,662	4.10%
Total interest-bearing deposits		13,356,615		346,976	2.60%		12,825,305		376,638	2.94%
Federal funds purchased		14		—	—%		20		1	5.00%
Securities sold under agreement to repurchase		148,545		4,067	2.74%		165,965		5,448	3.28%
FHLB and other borrowed funds		558,839		21,804	3.90%		1,197,662		52,455	4.38%
Subordinated debentures		373,500		13,613	3.64%		439,539		16,461	3.75%
Total interest-bearing liabilities		14,437,513		386,460	2.68%		14,628,491		451,003	3.08%
Non-interest bearing liabilities
Non-interest bearing deposits		3,961,332					4,029,684
Other liabilities		199,307					238,528
Total liabilities		18,598,152					18,896,703
Shareholders' equity		4,095,443					3,857,677
Total liabilities and shareholders' equity	$	22,693,595				$	22,754,380
Net interest spread					3.77%					3.43%
Net interest income and margin - FTE			$	902,588	4.51%			$	857,308	4.27%

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)

	Quarter Ended										Year Ended
(Dollars and shares in thousands, except per share data)	Dec. 31, 2025		Sep. 30, 2025		Jun. 30, 2025		Mar. 31, 2025		Dec. 31, 2024		Dec. 31, 2025		Dec. 31, 2024
NET INCOME (EARNINGS), AS ADJUSTED
GAAP net income available to common shareholders (A)	$	118,225	$	123,604	$	118,403	$	115,209	$	100,564	$	475,441	$	402,241
Pre-tax adjustments
Merger and acquisition expense		580		—		—		—		—		580		—
Gain on retirement of subordinated debt		—		(1,882)		—		—		—		(1,882)		—
FDIC special assessment		—		—		(1,516)		—		—		(1,516)		2,260
BOLI death benefits		—		(187)		(1,243)		—		(95)		(1,430)		(257)
Gain on sale of premises and equipment		—		—		(983)		—		—		(983)		(2,059)
Fair value adjustment for marketable securities		(1,173)		(1,020)		238		(442)		(850)		(2,397)		(2,971)
Special income from equity investment		—		—		(3,498)		(3,891)		—		(7,389)		—
Legal fee reimbursement		—		—		(885)		—		—		(885)		—
Legal claims expense		—		—		3,300		—		—		3,300		—
Recoveries on historic losses		—		(2,040)		—		—		—		(2,040)		—
Total pre-tax adjustments		(593)		(5,129)		(4,587)		(4,333)		(945)		(14,642)		(3,027)
Tax-effect of adjustments		(231)		(1,207)		(817)		(1,059)		(208)		(3,314)		(688)
Deferred tax asset write-down		—		—		—		—		—		—		2,030
Total adjustments after-tax (B)		(362)		(3,922)		(3,770)		(3,274)		(737)		(11,328)		(309)
Net income, as adjusted (C)	$	117,863	$	119,682	$	114,633	$	111,935	$	99,827	$	464,113	$	401,932

Average diluted shares outstanding (D)		196,764		197,288		197,765		198,852		198,973		197,651		200,069

GAAP diluted earnings per share: (A/D)	$	0.60	$	0.63	$	0.60	$	0.58	$	0.51	$	2.41	$	2.01
Adjustments after-tax: (B/D)		0.00		(0.02)		(0.02)		(0.02)		(0.01)		(0.06)		0.00
Diluted earnings per common share, as adjusted: (C/D)	$	0.60	$	0.61	$	0.58	$	0.56	$	0.50	$	2.35	$	2.01

ANNUALIZED RETURN ON AVERAGE ASSETS
Return on average assets: (A/E)		2.06%		2.17%		2.08%		2.07%		1.77%		2.10%		1.77%
Return on average assets, as adjusted: (ROA, as adjusted) ((A+D)/E)		2.05%		2.10%		2.02%		2.01%		1.76%		2.05%		1.77%
Return on average assets excluding intangible amortization: ((A+C)/(E-F))		2.22%		2.34%		2.25%		2.24%		1.92%		2.26%		1.92%
Return on average assets, as adjusted, excluding intangible amortization: ((A+C+D)/(E-F))		2.22%		2.27%		2.18%		2.18%		1.91%		2.21%		1.92%

GAAP net income available to common shareholders (A)	$	118,225	$	123,604	$	118,403	$	115,209	$	100,564	$	475,441	$	402,241
Amortization of intangibles (B)		1,938		2,024		2,025		2,047		2,068		8,034		8,443
Amortization of intangibles after-tax (C)		1,466		1,529		1,530		1,547		1,563		6,072		6,345
Adjustments after-tax (D)		(362)		(3,922)		(3,770)		(3,274)		(737)		(11,328)		(309)
Average assets (E)		22,786,852		22,638,938		22,797,738		22,548,835		22,565,077		22,693,595		22,754,380
Average goodwill & core deposit intangible (F)		1,431,479		1,433,474		1,435,480		1,437,515		1,439,566		1,434,468		1,442,713

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)

	Quarter Ended										Year Ended
(Dollars in thousands)	Dec. 31, 2025		Sep. 30, 2025		Jun. 30, 2025		Mar. 31, 2025		Dec. 31, 2024		Dec. 31, 2025		Dec. 31, 2024
ANNUALIZED RETURN ON AVERAGE COMMON EQUITY
Return on average common equity: (A/D)		11.04%		11.91%		11.77%		11.75%		10.13%		11.61%		10.43%
Return on average common equity, as adjusted: (ROE, as adjusted) ((A+C)/D)		11.01%		11.54%		11.39%		11.41%		10.05%		11.33%		10.42%
Return on average tangible common equity: (ROTCE) (A/(D-E))		16.65%		18.28%		18.26%		18.39%		15.94%		17.87%		16.66%
Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) ((A+C)/(D-E))		16.60%		17.70%		17.68%		17.87%		15.82%		17.44%		16.64%
Return on average tangible common equity excluding intangible amortization: (B/(D-E))		16.85%		18.51%		18.50%		18.64%		16.18%		18.10%		16.92%
Return on average tangible common equity, as adjusted, excluding intangible amortization: ((B+C)/(D-E))		16.80%		17.93%		17.92%		18.12%		16.07%		17.67%		16.91%

GAAP net income available to common shareholders (A)	$	118,225	$	123,604	$	118,403	$	115,209	$	100,564	$	475,441	$	402,241
Earnings excluding intangible amortization (B)		119,691		125,133		119,933		116,756		102,127		481,513		408,586
Adjustments after-tax (C)		(362)		(3,922)		(3,770)		(3,274)		(737)		(11,328)		(309)
Average common equity (D)		4,248,856		4,115,884		4,036,155		3,977,671		3,950,176		4,095,443		3,857,677
Average goodwill & core deposits intangible (E)		1,431,479		1,433,474		1,435,480		1,437,515		1,439,566		1,434,468		1,442,713

EFFICIENCY RATIO & P5NR
Efficiency ratio: ((D-G)/(B+C+E))		39.54%		40.21%		41.68%		42.22%		42.24%		40.88%		42.74%
Efficiency ratio, as adjusted: ((D-G-I)/(B+C+E-H))		39.53%		40.95%		42.01%		42.84%		42.00%		41.29%		42.65%
Pre-tax net income to total revenue (net) (A/(B+C))		54.35%		57.38%		56.08%		56.58%		50.11%		56.08%		51.34%
Pre-tax net income, as adjusted, to total revenue (net) ((A+F)/(B+C))		54.14%		55.53%		54.39%		54.91%		49.74%		54.74%		51.05%
Pre-tax, pre-provision, net income (PPNR) (B+C-D)	$	167,723	$	162,833	$	154,991	$	147,154	$	146,154	$	632,701	$	570,412
Pre-tax, pre-provision, net income, as adjusted (B+C-D+F)	$	167,130	$	157,704	$	150,404	$	142,821	$	145,209	$	618,059	$	567,385
P5_NR (Pre-tax, pre-provision, profit percentage) PPNR to total revenue (net)) (B+C-D)/(B+C)		59.46%		58.64%		57.19%		56.58%		56.57%		58.00%		56.07%
P5_NR, as adjusted (B+C-D+F)/(B+C)		59.25%		56.80%		55.49%		54.91%		56.20%		56.66%		55.77%

Pre-tax net income (A)	$	153,323	$	159,327	$	151,991	$	147,154	$	129,454	$	611,795	$	522,342
Net interest income (B)		231,586		226,166		219,952		214,656		217,142		892,360		848,774
Non-interest income (C)		50,500		51,505		51,079		45,426		41,222		198,510		168,574
Non-interest expense (D)		114,363		114,838		116,040		112,928		112,210		458,169		446,936
Fully taxable equivalent adjustment (E)		2,252		2,916		2,526		2,534		2,398		10,228		8,534
Total pre-tax adjustments (F)		(593)		(5,129)		(4,587)		(4,333)		(945)		(14,642)		(3,027)
Amortization of intangibles (G)		1,938		2,024		2,025		2,047		2,068		8,034		8,443

Adjustments:
Non-interest income:
Gain on retirement of subordinated debt	$	—	$	1,882	$	—	$	—	$	—	$	1,882	$	—
Fair value adjustment for marketable securities		1,173		1,020		(238)		442		850		2,397		2,971
Gain (loss) on OREO		203		(1)		13		(376)		(2,423)		(161)		(2,272)
Gain (loss) on branches, equipment and other assets, net		11		(66)		972		(163)		26		754		2,102
Special income from equity investment		—		—		3,498		3,891		—		7,389		—
BOLI death benefits		—		187		1,243		—		95		1,430		257
Legal expense reimbursement		—		—		885		—		—		885		—
Recoveries on historic losses		—		2,040		—		—		—		2,040		—
Total non-interest income adjustments (H)	$	1,387	$	5,062	$	6,373	$	3,794	$	(1,452)	$	16,616	$	3,058

Non-interest expense:
FDIC special assessment		—		—		(1,516)		—		—		(1,516)		2,260
Merger and acquisition expenses		580		—		—		—		—		580		—
Legal claims expense		—		—		3,300		—		—		3,300		—
Total non-interest expense adjustments (I)	$	580	$	—	$	1,784	$	—	$	—	$	2,364	$	2,260

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)

	Quarter Ended
	Dec. 31, 2025		Sep. 30, 2025		Jun. 30, 2025		Mar. 31, 2025		Dec. 31, 2024
TANGIBLE BOOK VALUE PER COMMON SHARE
Book value per common share: (A/B)	$	21.88	$	21.41	$	20.71	$	20.40	$	19.92
Tangible book value per common share: ((A-C-D)/B)		14.60		14.13		13.44		13.15		12.68

Total shareholders' equity (A)	$	4,296,871	$	4,214,964	$	4,085,316	$	4,042,555	$	3,961,025
End of period common shares outstanding (B)		196,357		196,889		197,239		198,206		198,882
Goodwill (C)		1,398,253		1,398,253		1,398,253		1,398,253		1,398,253
Core deposit and other intangibles (D)		32,293		34,231		36,255		38,280		40,327

TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS
Equity to assets: (B/A)		18.78%		18.56%		17.83%		17.58%		17.61%
Tangible common equity to tangible assets: ((B-C-D)/(A-C-D))		13.36%		13.08%		12.35%		12.09%		11.98%

Total assets (A)	$	22,881,879	$	22,707,802	$	22,907,022	$	22,992,203	$	22,490,748
Total shareholders' equity (B)		4,296,871		4,214,964		4,085,316		4,042,555		3,961,025
Goodwill (C)		1,398,253		1,398,253		1,398,253		1,398,253		1,398,253
Core deposit and other intangibles (D)		32,293		34,231		36,255		38,280		40,327

Home BancShares, Inc.
Shareholder Buyback Yield
(Unaudited)

	Quarter Ended										Year Ended
(Dollars and shares in thousands)	Dec. 31, 2025		Sep. 30, 2025		Jun. 30, 2025		Mar. 31, 2025		Dec. 31, 2024		Dec. 31, 2025		Dec. 31, 2024
SHAREHOLDER BUYBACK YIELD
Shareholder buyback yield: (A/B)		0.27%		0.18%		0.49%		0.53%		0.05%		1.46%		1.69%

Shares repurchased		541		350		1,000		1,000		96		2,891		3,522
Average price per share	$	27.26	$	28.34	$	26.99	$	29.67	$	26.38	$	28.13	$	24.41
Principal cost		14,747		9,918		26,989		29,668		2,526		81,322		85,977
Excise tax		141		93		459		117		(72)		810		411
Total share repurchase cost (A)	$	14,888	$	10,011	$	27,448	$	29,785	$	2,454	$	82,132	$	86,388

Shares outstanding beginning of period		196,889		197,239		198,206		198,882		198,879		198,882		201,526
Price per share beginning of period	$	28.30	$	28.46	$	28.27	$	28.30	$	27.09	$	28.30	$	25.33
Market capitalization beginning of period (B)	$	5,571,959	$	5,613,422	$	5,603,284	$	5,628,361	$	5,387,632	$	5,628,361	$	5,104,654