Home BancShares Reports Record Third Quarter Net Income, Bringing the Company Closer to a Half-Billion-Dollar Year

Higher earnings coincided with shrinking loans and deposits and an increase in non-performing loans.

Rhea-AI Summary

Home BancShares (NYSE: HOMB) reported record third-quarter 2026 net income of $129.5 million, exceeding both the preceding quarter and year-earlier results. Diluted earnings per share reached a record $0.65, versus $0.59 in the second quarter and $0.63 a year earlier. Net revenue was $288.4 million, down from $295.1 million sequentially but above $277.7 million a year earlier.

Net interest margin rose to 4.53% from 4.51% sequentially. Non-interest expense fell to $121.5 million from $135.5 million, primarily reflecting the absence of second-quarter acquisition expenses. At September 30, loans were $16.91 billion and deposits were $18.76 billion, both below June 30 levels. Non-performing loans rose to 1.19% of loans from 1.08%, while quarterly net charge-offs declined. Common equity tier 1 capital rose to 16.7% from 16.3%, and dividends per share increased to $0.23 from $0.21.

22 points · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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0 major · 13 points

How the balance works

Positive

• Moderate pointRecord Q3 net income of $129.5 million exceeded Q2's $119.3 million and year-earlier $123.6 million.
• Moderate pointQ3 net revenue of $288.4 million exceeded year-earlier $277.7 million but fell from Q2's $295.1 million.
• Moderate pointQ3 net interest income after credit loss expense of $242.0 million exceeded Q2's $236.4 million and year-earlier $222.7 million.
• Minor pointRecord Q3 diluted EPS of $0.65 exceeded Q2's $0.59 and year-earlier $0.63.
• Minor pointQ3 pre-tax income of $166.9 million exceeded Q2's $154.4 million and year-earlier $159.3 million.

17 minor points

• Minor pointQ3 net interest margin of 4.53% exceeded Q2's 4.51% but trailed year-earlier 4.56%.
• Minor pointQ3 non-interest expense of $121.5 million fell from Q2's $135.5 million but exceeded year-earlier $114.8 million.
• Minor pointQ3 efficiency ratio of 40.78% improved from Q2's 44.54% but worsened from year-earlier 40.21%.
• Minor pointQ3 return on assets of 2.12% exceeded Q2's 1.95% but trailed year-earlier 2.17%.
• Minor pointQ3 return on equity of 11.24% exceeded Q2's 10.55% but trailed year-earlier 11.91%.
• Minor pointQ3 return on tangible common equity of 16.59% (non-GAAP) exceeded Q2's 15.67% but trailed year-earlier 18.28%.
• Minor pointQ3 interest-bearing deposit rate fell to 2.37% from 2.39% in Q2, reducing funding costs.
• Minor pointQ3 interest expense decreased $2.3 million from Q2.
• Minor pointQ3 net charge-offs fell to $2,149 thousand from $5,798 thousand in Q2.
• Minor pointCentennial CFG organic loan growth of $39.1 million in Q3 brought outstanding loans to $2.08 billion.
• Minor pointCommon equity tier 1 capital rose to 16.7% at September 30 from 16.3% at June 30.
• Minor pointLeverage capital ratio rose to 14.3% at September 30 from 13.9% at June 30.
• Minor pointTotal risk-based capital rose to 19.4% at September 30 from 19.0% at June 30.
• Minor pointCredit-loss allowance rose to 1.93% of loans at September 30 from 1.92% at June 30.
• Minor pointBook value per share rose to $22.74 at September 30 from $22.68 sequentially and $21.41 year-over-year.
• Minor pointTangible book value per share rose to $15.35 (non-GAAP) from $15.32 sequentially and $14.13 year-over-year.
• Minor pointQ3 dividends per share increased to $0.23 from $0.21 in Q2 and $0.20 a year earlier.

Negative

• Moderate pointNon-performing loans rose to 1.19% of loans at September 30 from 1.08% at June 30.
• Moderate pointNon-performing assets rose to 1.02% of assets at September 30 from 0.93% sequentially and 0.56% year-over-year.
• Moderate pointTotal loans fell to $16.91 billion at September 30 from $17.13 billion at June 30.
• Moderate pointCommunity banking organic loans declined $255.7 million during Q3.
• Moderate pointDeposits fell to $18.76 billion at September 30 from $19.11 billion at June 30.
• Moderate pointQ3 non-interest income fell to $46.4 million from Q2's $53.5 million and year-earlier $51.5 million.

7 minor points

• Minor pointTotal assets fell to $24.15 billion at September 30 from $24.71 billion at June 30.
• Minor pointQ3 loan yield fell to 6.95% from 7.00% in Q2.
• Minor pointQ3 purchase accounting accretion fell to $2.9 million from $3.6 million, reducing margin by one basis point.
• Minor pointQ3 event interest income fell to $1.5 million from $1.7 million in Q2.
• Minor pointQ3 interest income decreased $2.1 million from Q2.
• Minor pointMarketable securities fair-value adjustment incurred $916,000 expense during Q3.
• Minor pointQ3 shareholder buyback yield fell to 0.69% from 0.77% in Q2.

News Explained

At September 30, 2026, shareholders’ equity was $4.53 billion, down about $17.7 million from June 30; the company lists $39.6 million in quarterly stock repurchases and $46.0 million in dividends paid among the factors behind the decrease.

Key Figures

Net income: $129.5 million Diluted earnings per share: $0.65 Adjusted net income: $129.1 million +5 more

Net income

$129.5 million

Q3 2026; Company record

Diluted earnings per share

$0.65

Q3 2026; Company record

Adjusted net income

$129.1 million

Q3 2026; Company record, non-GAAP

Total revenue (net)

$288.4 million

Q3 2026; compared with $295.1 million in Q2 2026 and $277.7 million in Q3 2025

Net interest margin

4.53%

Q3 2026; compared with 4.51% in Q2 2026

Total loans receivable

$16.91 billion

At September 30, 2026; compared with $17.13 billion at June 30, 2026

Total deposits

$18.76 billion

At September 30, 2026; compared with $19.11 billion at June 30, 2026

Non-performing assets to total assets

1.02%

At September 30, 2026; compared with 0.93% at June 30, 2026

Historical Context

1 past event · Latest: Jul 15

1 event

1. Jul 15

   Q2 earnings report

   24h Move

   +4.8%

   Reported record adjusted net income and revenue following Mountain Commerce acquisition completion.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

non-gaap, ppnr, net interest margin, common equity tier 1 capital

4 terms

non-gaap financial

"Net income, as adjusted (non-GAAP)(1)"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

ppnr financial

"Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)"

Pre-provision net revenue (PPNR) is a bank’s revenue after accounting for day-to-day operating costs but before subtracting money set aside for bad loans. Think of it like a store’s gross profit before it reserves cash for damaged goods: it shows the core ability to generate income from lending and fees, and helps investors judge a bank’s operating strength separate from credit losses.

net interest margin financial

"Our net interest margin was 4.53% and 4.51%"

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.

common equity tier 1 capital regulatory

"Common equity tier 1 capital | 16.7%"

Core capital a bank holds consisting mainly of common shares and retained profits that can absorb losses without forcing the bank to sell assets or seek emergency help; items that can’t reliably cover losses are excluded. Think of it as the bank’s shock-absorbing cushion: a higher common equity tier 1 (CET1) level and ratio means regulators and investors view the bank as better able to survive bad loans or market shocks, so it signals lower risk to shareholders and creditors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CONWAY, Ark., Oct. 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	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025
Net income	$129.5 million	$119.3 million	$118.2 million	$118.2 million	$123.6 million
Net income, as adjusted (non-GAAP)(1)	$129.1 million	$128.1 million	$118.2 million	$117.9 million	$119.7 million
Total revenue (net)	$288.4 million	$295.1 million	$266.7 million	$282.1 million	$277.7 million
Income before income taxes	$166.9 million	$154.4 million	$152.2 million	$153.3 million	$159.3 million
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)	$166.9 million	$159.6 million	$152.7 million	$167.7 million	$162.8 million
PPNR, as adjusted (non-GAAP)(1)	$166.6 million	$171.2 million	$152.7 million	$167.1 million	$157.7 million
Pre-tax net income to total revenue (net)	57.87%	52.32%	57.08%	54.35%	57.38%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)	57.75%	56.27%	57.06%	54.14%	55.53%
P5NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)	57.87%	54.08%	57.27%	59.46%	58.64%
P5NR, as adjusted (non-GAAP)(1)	57.75%	58.03%	57.25%	59.25%	56.80%
ROA	2.12%	1.95%	2.09%	2.06%	2.17%
ROA, as adjusted (non-GAAP)(1)	2.11%	2.09%	2.09%	2.05%	2.10%
NIM	4.53%	4.51%	4.51%	4.61%	4.56%
Purchase accounting accretion	$2.9 million	$3.6 million	$1.1 million	$1.3 million	$1.3 million
ROE	11.24%	10.55%	11.09%	11.04%	11.91%
ROE, as adjusted (non-GAAP)(1)	11.20%	11.32%	11.08%	11.01%	11.54%
ROTCE (non-GAAP)(1)	16.59%	15.67%	16.56%	16.65%	18.28%
ROTCE, as adjusted (non-GAAP)(1)	16.54%	16.82%	16.55%	16.60%	17.70%
Diluted earnings per share	$0.65	$0.59	$0.60	$0.60	$0.63
Diluted earnings per share, as adjusted (non-GAAP)(1)	$0.65	$0.64	$0.60	$0.60	$0.61
Non-performing assets to total assets	1.02%	0.93%	0.97%	0.55%	0.56%
Common equity tier 1 capital	16.7%	16.3%	16.7%	16.3%	16.1%
Leverage	14.3%	13.9%	14.3%	14.1%	13.8%
Tier 1 capital	16.7%	16.3%	16.7%	16.3%	16.1%
Total risk-based capital	19.4%	19.0%	19.5%	19.1%	18.9%
Allowance for credit losses to total loans	1.93%	1.92%	1.90%	1.90%	1.87%
Book value per share	$22.74	$22.68	$22.15	$21.88	$21.41
Tangible book value per share (non-GAAP)(1)	$15.35	$15.32	$14.87	$14.60	$14.13
Dividends per share	$0.23	$0.21	$0.21	$0.21	$0.20
Shareholder buyback yield(2)	0.69%	0.77%	0.25%	0.27%	0.18%

⁽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.

“In banking some play the growth game. At HOMB, we focus on stability. Strength is no accident, it’s our culture, and for that I am proud. Our team delivered a very solid and safe third quarter,” said John Allison, Chairman.

Quarterly Financial Performance Trends
Net income reached a Company-record $129.5 million for the third quarter of 2026, compared to $119.3 million for the second quarter of 2026 and $123.6 million for the third quarter of 2025. Net income, as adjusted (non-GAAP)(1), also reached a Company-record of $129.1 million, increasing 0.8% from $128.1 million in the prior quarter and 7.9% from $119.7 million in the third quarter of 2025.		PPNR (non-GAAP)(1) totaled $166.9 million for the third quarter of 2026, compared to $159.6 million in the prior quarter and $162.8 million in the third quarter of 2025. PPNR, as adjusted (non-GAAP)(1) totaled $166.6 million, compared to $171.2 million in the prior quarter and $157.7 million in the third quarter of 2025, reflecting the continued strength and resilience of the Company's earnings performance.
Dollar amounts presented below in thousands.
Net interest income after credit loss expense totaled $242.0 million for the third quarter of 2026, compared to $236.4 million in the prior quarter and $222.7 million for the third quarter of 2025. The increase from both the linked quarter and prior-year period was driven by strong net interest income generation and a reduction in credit loss expense.		Non-interest income totaled $46.4 million for the third quarter of 2026, compared to $53.5 million in the second quarter of 2026 and $51.5 million in the third quarter of 2025. Results for the quarter reflect the normal variability of fee-based revenue categories while continuing to contribute to the Company's overall earnings performance.

Total revenue (net) totaled $288.4 million for the third quarter of 2026, compared to $295.1 million in the prior quarter and $277.7 million in the third quarter of 2025. While revenue declined modestly from the linked quarter, results remained strong and increased from the third quarter of 2025, reflecting continued strength in net interest income and the Company's banking operations.		Non-interest expense totaled $121.5 million for the third quarter of 2026, compared to $135.5 million in the prior quarter and $114.8 million in the third quarter of 2025. The linked-quarter decrease was primarily driven by the absence of acquisition-related expenses incurred during the second quarter, while the increase from the prior-year quarter reflects the impact of franchise growth and continued investment in the Company's operations. Interest expense decreased from both the prior quarter and prior-year period, reflecting continued improvement in the Company's funding costs.
The efficiency ratio was 40.78% for the third quarter of 2026, compared to 44.54% in the prior quarter and 40.21% in the third quarter of 2025. The efficiency ratio, as adjusted (non-GAAP)(1), was 40.84%, compared to 40.46% in the prior quarter and 40.95% in the third quarter of 2025. The improvement in the reported efficiency ratio from the linked quarter primarily reflects the absence of acquisition-related expenses recognized during the second quarter. On an adjusted basis, the efficiency ratio remained relatively stable compared to the prior quarter and improved modestly from the prior-year period, reflecting continued operating discipline.		Return on average assets (ROA) was 2.12% for the third quarter of 2026, compared to 1.95% in the prior quarter and 2.17% in the third quarter of 2025. ROA, as adjusted (non-GAAP)(1), was 2.11%, compared to 2.09% in the prior quarter and 2.10% in the third quarter of 2025. The linked-quarter improvement in both reported and adjusted ROA reflects strong earnings performance and the absence of acquisition-related expenses recognized during the second quarter, while adjusted ROA improved from the prior-year quarter, demonstrating the Company's continued ability to generate strong returns on its asset base.

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.
Book value per share increased to $22.74 at September 30, 2026, compared to $22.68 at June 30, 2026 and $21.41 at September 30, 2025. Tangible book value per share (non-GAAP)(1) increased to $15.35 from $15.32 in the prior quarter and $14.13 in the prior-year period. The continued growth in both book value per share and tangible book value per share reflects the Company's strong earnings generation during the past year and disciplined capital management.

Operating Highlights

Net income for the three-month period ended September 30, 2026 was $129.5 million, or $0.65 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 $129.1 million⁽¹⁾ and $0.65 per share⁽¹⁾, respectively, for the three months ended September 30, 2026.

Our net interest margin was 4.53% and 4.51% for the three-month periods ended September 30, 2026 and June 30, 2026, respectively. The yield on loans was 6.95% and 7.00% for the three months ended September 30, 2026 and June 30, 2026, respectively, as average loans decreased from $17.08 billion to $17.06 billion. The rate on interest bearing deposits decreased to 2.37% for the three-month period ended September 30, 2026, from 2.39% for the three-month period ended June 30, 2026, and average interest-bearing deposits decreased from $14.69 billion to $14.43 billion.

During the third quarter of 2026, there was $1.5 million of event interest income compared to $1.7 million of event interest income for the second quarter of 2026. Purchase accounting accretion on acquired loans was $2.9 million and $3.6 million for the three-month periods ended September 30, 2026 and June 30, 2026, respectively, and average purchase accounting loan discounts were $39.4 million and $42.0 million for the three-month periods ended September 30, 2026 and June 30, 2026, respectively. The decrease in accretion was dilutive to the net interest margin by one basis point.

Net interest income on a fully taxable equivalent basis was $244.5 million for the three-month period ended September 30, 2026, compared to $244.3 million for the three-month period ended June 30, 2026. This increase in net interest income for the three-month period ended September 30, 2026, was the result of a $2.3 million decrease in interest expense, which was partially offset by a $2.1 million decrease in interest income. The $2.3 million decrease in interest expense was due to a $1.2 million decrease in interest expense on deposits and a $1.1 million decrease in interest expense on FHLB and other borrowed funds. The $2.1 million decrease in interest income was primarily the result of a $1.6 million decrease in income from interest-bearing balances due from banks and a $963,000 decrease in income from investments.

The Company reported $46.4 million of non-interest income for the third quarter of 2026. The most important components of non-interest income were $12.0 million from other service charges and fees, $11.6 million from other income, $10.4 million from service charges on deposit accounts, $4.0 million from trust fees, $3.8 million in mortgage lending income, $2.6 million from dividends from FHLB, FRB, FNBB and other, $1.5 million from the increase in cash value of life insurance, $744,000 in income from the gain on sale of branches, equipment and other assets and $561,000 in insurance commissions, which were partially offset by $916,000 in expense from the fair value adjustment for marketable securities. Included within other income was $528,000 in bank-owned life insurance death benefit income, and included within the $744,000 in income from the gain on sale of branches, equipment and other assets was a $710,000 gain from the sale of a former branch location in Arkansas.

Non-interest expense for the third quarter of 2026 was $121.5 million. The most important components of non-interest expense were $67.6 million of salaries and employee benefits expense, $28.9 million in other operating expense, $15.8 million in occupancy and equipment expenses, and $9.2 million in data processing expenses. For the third quarter of 2026, our efficiency ratio was 40.78%, and our efficiency ratio, as adjusted (non-GAAP), was 40.84%⁽¹⁾_.

Financial Condition

Total loans receivable were $16.91 billion at September 30, 2026, compared to $17.13 billion at June 30, 2026. Total deposits were $18.76 billion at September 30, 2026, compared to $19.11 billion at June 30, 2026. Total assets were $24.15 billion at September 30, 2026, compared to $24.71 billion at June 30, 2026.

During the third quarter of 2026, the Company had a $216.6 million decrease in loans. Our community banking footprint experienced $255.7 million in organic loan decline during the quarter ended September 30, 2026, while Centennial CFG experienced $39.1 million of organic loan growth in the third quarter, with $2.08 billion of loans outstanding at September 30, 2026.

Non-performing loans to total loans were 1.19% and 1.08% at September 30, 2026 and June 30, 2026, respectively. Non-performing assets to total assets were 1.02% and 0.93% at September 30, 2026 and June 30, 2026, respectively. Net loans charged-off were $2.1 million and $5.8 million for the three months ended September 30, 2026 and June 30, 2026, respectively. The charge-off detail by region for the quarters ended September 30, 2026 and June 30, 2026 can be seen below.

For the Three Months Ended September 30, 2026
(in thousands)		Texas				Arkansas				Centennial CFG			Shore Premier Finance				Florida				Tennessee			Alabama				Total
Charge-offs		$	848			$	947			$	—		$	679			$	1,165			$	18		$	12			$	3,669
Recoveries			(199	)			(228	)			—			(6	)			(1,085	)			—			(2	)			(1,520	)
Net charge-offs (recoveries)		$	649			$	719			$	—		$	673			$	80			$	18		$	10			$	2,149

For the Three Months Ended June 30, 2026
(in thousands)		Texas				Arkansas				Centennial CFG			Shore Premier Finance				Florida				Tennessee			Alabama				Total
Charge-offs		$	1,708			$	2,605			$	—		$	1,896			$	286			$	11		$	14			$	6,520
Recoveries			(249	)			(324	)			—			(5	)			(142	)			—			(2	)			(722	)
Net charge-offs (recoveries)		$	1,459			$	2,281			$	—		$	1,891			$	144			$	11		$	12			$	5,798

At September 30, 2026, non-performing loans were $200.8 million, and non-performing assets were $245.3 million. At June 30, 2026, non-performing loans were $185.3 million, and non-performing assets were $228.6 million.

The table below shows the non-performing loans and non-performing assets by region as of September 30, 2026:

(in thousands)		Texas			Arkansas			Centennial CFG			Shore Premier Finance			Florida			Tennessee			Alabama			Total
Non-accrual loans		$	126,160		$	18,322		$	14,844		$	9,789		$	22,581		$	4,049		$	44		$	195,789
Loans 90+ days past due			2,129			1,079			—			—			1,810			—			—			5,018
Total non-performing loans			128,289			19,401			14,844			9,789			24,391			4,049			44			200,807
Foreclosed assets held for sale			16,379			2,478			22,812			—			315			1,382			—			43,366
Other non-performing assets			—			—			—			1,140			—			—			—			1,140
Total other non-performing assets			16,379			2,478			22,812			1,140			315			1,382			—			44,506
Total non-performing assets		$	144,668		$	21,879		$	37,656		$	10,929		$	24,706		$	5,431		$	44		$	245,313

The table below shows the non-performing loans and non-performing assets by region as of June 30, 2026:

(in thousands)		Texas			Arkansas			Centennial CFG			Shore Premier Finance			Florida			Tennessee			Alabama			Total
Non-accrual loans		$	123,170		$	19,529		$	—		$	11,886		$	24,235		$	4,335		$	44		$	183,199
Loans 90+ days past due			690			238			—			—			282			916			—			2,126
Total non-performing loans			123,860			19,767			—			11,886			24,517			5,251			44			185,325
Foreclosed assets held for sale			15,647			2,028			22,812			—			260			1,392			—			42,139
Other non-performing assets			—			—			—			1,140			—			—			—			1,140
Total other non-performing assets			15,647			2,028			22,812			1,140			260			1,392			—			43,279
Total non-performing assets		$	139,507		$	21,795		$	22,812		$	13,026		$	24,777		$	6,643		$	44		$	228,604

The Company’s allowance for credit losses on loans was $326.2 million, or 1.93% of total loans, at September 30, 2026 compared to $328.4 million, or 1.92% of total loans, at June 30, 2026. As of September 30, 2026 and June 30, 2026, the Company’s allowance for credit losses on loans was 162.45% and 177.19% of its total non-performing loans, respectively.

Shareholders’ equity was $4.53 billion at September 30, 2026, which decreased approximately $17.7 million from June 30, 2026. The net decrease in shareholders’ equity is primarily associated with the $64.9 million decrease in accumulated other comprehensive income, the $39.6 million in stock repurchases for the quarter and the $46.0 million in dividends paid during the quarter, which were partially offset by the $129.5 million in net income for the quarter. Book value per common share was $22.74 at September 30, 2026, compared to $22.68 at June 30, 2026. Tangible book value per common share (non-GAAP) was $15.35⁽¹⁾ at September 30, 2026, compared to $15.32⁽¹⁾ at June 30, 2026. Book value per common share and tangible book value per common share, as of September 30, 2026, were both records for the Company.

Stock Repurchases and Dividends

During the three-month period ended September 30, 2026, the Company repurchased 1.3 million shares of common stock, which equated to a shareholder buyback yield of 0.69%⁽²⁾. In comparison, during the three-month period ended June 30, 2026, the Company repurchased 1.5 million shares of common stock, which equated to a shareholder buyback yield of 0.77%⁽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 September 30, 2026, the Company paid a dividend of $0.23 per share. This cash dividend represented a $0.02, or 9.5%, increase over the $0.21 cash dividend paid during the second quarter of 2026 and a $0.03, or 15.0%, 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, 8 branches in Tennessee, 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, October 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/887189816. 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://events.q4inc.com/analyst/887189816?pwd=Khijd6H0. 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 1-833-461-5787, Passcode: 887189816. A replay of the call will be available using the following link: https://events.q4inc.com/attendee/887189816. 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, Tennessee, 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 and equity 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, including any prospective financial information, are not fact and should not be relied upon as being guarantees or necessarily indicative of future events, performance or results. Readers are cautioned not to place undue reliance on any prospective financial information or other forward-looking statements contained in this news release. When we use words or phrases like “may,” “will,” “plan,” “propose,” “contemplate,” “anticipate,” “believe,” “intend,” “continue,” “expect,” “project,” “predict,” “estimate,” “could,” “should,” “would,” “bringing it closer to” 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 and are based on various assumptions, estimates and judgments. 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 risk that the anticipated benefits from the completed acquisition of Mountain Commerce Bancorp, Inc. (“MCBI”) 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 ability to retain key employees, customers and business relationships following the acquisition; the reaction to the completed acquisition of the companies’ customers, employees and counterparties; diversion of management time on integration-related issues; the possibility that the costs of integration may be greater than anticipated; 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; the impacts of political instability, ongoing or future military conflicts and other major domestic or international events; the impacts of recent or future adverse weather events, including hurricanes, and other natural disasters; 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; 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; 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, 2025, filed with the SEC on February 27, 2026. Home undertakes no obligation to update the information in this press release, except as otherwise required by law.

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)		Sep. 30, 2026				Jun. 30, 2026				Mar. 31, 2026				Dec. 31, 2025				Sep. 30, 2025
ASSETS
Cash and due from banks		$	281,515			$	279,660			$	296,209			$	237,224			$	284,750
Interest-bearing deposits with other banks			577,537				772,859				815,714				430,113				516,170
Cash and cash equivalents			859,052				1,052,519				1,111,923				667,337				800,920
Federal funds sold			4,025				5,450				6,025				3,000				3,625
Investment securities - available-for-sale, net of allowance for credit losses			2,613,377				2,776,216				2,803,847				2,871,931				2,924,496
Investment securities - held-to-maturity, net of allowance for credit losses			1,250,246				1,254,802				1,256,635				1,259,262				1,264,200
Total investment securities			3,863,623				4,031,018				4,060,482				4,131,193				4,188,696
Loans receivable			16,910,621				17,127,208				15,633,628				15,686,209				15,285,972
Allowance for credit losses			(326,220	)			(328,369	)			(297,634	)			(297,583	)			(285,649	)
Loans receivable, net			16,584,401				16,798,839				15,335,994				15,388,626				15,000,323
Bank premises and equipment, net			439,729				437,552				374,010				369,324				374,515
Foreclosed assets held for sale			43,366				42,139				40,874				39,831				41,263
Cash value of life insurance			232,361				233,515				221,830				220,469				219,075
Accrued interest receivable			111,688				108,384				106,628				108,939				110,702
Deferred tax asset, net			170,002				153,803				143,987				148,022				155,963
Goodwill			1,410,211				1,410,211				1,398,253				1,398,253				1,398,253
Core deposit intangible			62,651				65,541				30,355				32,293				34,231
Other assets			364,555				374,277				371,318				374,592				380,236
Total assets		$	24,145,664			$	24,713,248			$	23,201,679			$	22,881,879			$	22,707,802
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Deposits:
Demand and non-interest-bearing		$	4,209,426			$	4,447,710			$	3,994,217			$	3,868,405			$	3,880,101
Savings and interest-bearing transaction accounts			12,354,400				12,423,361				11,971,866				11,792,828				11,500,921
Time deposits			2,191,743				2,242,034				1,772,192				1,818,724				1,946,674
Total deposits			18,755,569				19,113,105				17,738,275				17,479,957				17,327,696
Securities sold under agreements to repurchase			161,181				158,744				157,409				155,803				145,998
FHLB and other borrowed funds			250,250				450,250				500,250				500,250				550,500
Accrued interest payable and other liabilities			169,129				164,112				176,727				169,733				189,551
Subordinated debentures			279,774				279,602				279,433				279,265				279,093
Total liabilities			19,615,903				20,165,813				18,852,094				18,585,008				18,492,838
Shareholders' equity
Common stock			1,992				2,005				1,964				1,964				1,969
Capital surplus			2,265,268				2,301,551				2,191,243				2,201,923				2,214,211
Retained earnings			2,496,333				2,412,859				2,335,787				2,258,871				2,181,911
Accumulated other comprehensive loss			(233,832	)			(168,980	)			(179,409	)			(165,887	)			(183,127	)
Total shareholders' equity			4,529,761				4,547,435				4,349,585				4,296,871				4,214,964
Total liabilities and shareholders' equity		$	24,145,664			$	24,713,248			$	23,201,679			$	22,881,879			$	22,707,802

Home BancShares, Inc.
Consolidated Statements of Income
(Unaudited)
		Quarter Ended																		Nine Months Ended
(In thousands)		Sep. 30, 2026				Jun. 30, 2026			Mar. 31, 2026				Dec. 31, 2025			Sep. 30, 2025				Sep. 30, 2026				Sep. 30, 2025
Interest income:
Loans		$	298,625			$	298,066		$	273,473			$	285,491		$	283,165			$	870,164			$	829,990
Investment securities
Taxable			24,971				25,787			24,728				25,860			26,326				75,486				80,203
Tax-exempt			7,711				7,811			7,829				7,834			7,743				23,351				23,019
Deposits - other banks			3,546				5,135			4,945				4,405			6,242				13,626				21,813
Federal funds sold			43				37			48				41			56				128				164
Total interest income			334,896				336,836			311,023				323,631			323,532				982,755				955,189
Interest expense:
Interest on deposits			86,280				87,432			79,145				83,739			87,962				252,857				263,237
FHLB and other borrowed funds			3,255				4,346			4,692				4,985			5,378				12,293				16,819
Securities sold under agreements to repurchase			1,009				1,057			927				962			1,019				2,993				3,105
Subordinated debentures			2,359				2,358			2,355				2,359			3,007				7,072				11,254
Total interest expense			92,903				95,193			87,119				92,045			97,366				275,215				294,415
Net interest income			241,993				241,643			223,904				231,586			226,166				707,540				660,774
Provision for credit losses on loans			—				5,200			1,500				14,400			6,700				6,700				9,700
Recovery of credit losses on unfunded commitments			—				—			(1,000	)			—			(1,000	)			(1,000	)			(1,000	)
Recovery of credit losses on investment securities			—				—			—				—			(2,194	)			—				(2,194	)
Total credit loss expense			—				5,200			500				14,400			3,506				5,700				6,506
Net interest income after credit loss expense			241,993				236,443			223,404				217,186			222,660				701,840				654,268
Non-interest income:
Service charges on deposit accounts			10,403				10,030			10,007				10,480			10,486				30,440				29,688
Other service charges and fees			12,008				12,973			9,810				11,148			12,130				34,791				35,462
Trust fees			3,969				6,109			5,482				5,121			4,600				15,560				14,594
Mortgage lending income			3,783				5,139			4,430				4,680			4,691				13,352				13,070
Insurance commissions			561				578			536				460			574				1,675				1,698
Increase in cash value of life insurance			1,530				1,553			1,368				1,400			1,404				4,451				4,661
Dividends from FHLB, FRB, FNBB & other			2,640				2,841			2,536				2,678			2,658				8,017				8,033
Gain on SBA loans			—				—			80				308			46				80				334
Gain (loss) on branches, equipment and other assets, net			744				3			(7	)			11			(66	)			740				743
Gain (loss) on OREO, net			81				332			707				203			(1	)			1,120				(364	)
Fair value adjustment for marketable securities			(916	)			817			(1,248	)			1,173			1,020				(1,347	)			1,224
Other income			11,643				13,079			9,102				12,838			13,963				33,824				38,867
Total non-interest income			46,446				53,454			42,803				50,500			51,505				142,703				148,010
Non-interest expense:
Salaries and employee benefits			67,607				68,742			63,236				62,891			63,804				199,585				189,977
Occupancy and equipment			15,819				15,787			14,867				14,434			14,828				46,473				43,276
Data processing expense			9,187				9,307			8,884				8,653			8,871				27,378				25,793
Merger and acquisition expenses			—				12,726			394				580			—				13,120				—
Other operating expenses			28,919				28,932			26,594				27,805			27,335				84,445				84,760
Total non-interest expense			121,532				135,494			113,975				114,363			114,838				371,001				343,806
Income before income taxes			166,907				154,403			152,232				153,323			159,327				473,542				458,472
Income tax expense			37,456				35,076			34,023				35,098			35,723				106,555				101,256
Net income		$	129,451			$	119,327		$	118,209			$	118,225		$	123,604			$	366,987			$	357,216

Home BancShares, Inc.
Selected Financial Information
(Unaudited)
		Quarter Ended																				Nine Months Ended
(Dollars and shares in thousands, except per share data)		Sep. 30, 2026				Jun. 30, 2026				Mar. 31, 2026				Dec. 31, 2025				Sep. 30, 2025				Sep. 30, 2026				Sep. 30, 2025
PER SHARE DATA
Diluted earnings per common share		$	0.65			$	0.59			$	0.60			$	0.60			$	0.63			$	1.84			$	1.80
Diluted earnings per common share, as adjusted (non-GAAP)(1)			0.65				0.64				0.60				0.60				0.61				1.88				1.75
Basic earnings per common share			0.65				0.59				0.60				0.60				0.63				1.84				1.81
Dividends per share - common			0.23				0.21				0.21				0.21				0.20				0.65				0.595
Shareholder buyback yield			0.69	%			0.77	%			0.25	%			0.27	%			0.18	%			1.73	%			1.19	%
Book value per common share		$	22.74			$	22.68			$	22.15			$	21.88			$	21.41			$	22.74			$	21.41
Tangible book value per common share (non-GAAP)(1)			15.35				15.32				14.87				14.60				14.13				15.35				14.13
STOCK INFORMATION
Average common shares outstanding			199,868				201,223				196,528				196,553				197,078				199,219				197,750
Average diluted shares outstanding			200,051				201,420				196,733				196,764				197,288				199,413				197,952
End of period common shares outstanding			199,210				200,460				196,394				196,357				196,889				199,210				196,889
ANNUALIZED PERFORMANCE METRICS
Return on average assets (ROA)			2.12	%			1.95	%			2.09	%			2.06	%			2.17	%			2.05	%			2.11	%
Return on average assets, as adjusted: (ROA, as adjusted) (non-GAAP)(1)			2.11	%			2.09	%			2.09	%			2.05	%			2.10	%			2.10	%			2.04	%
Return on average assets excluding intangible amortization (non-GAAP)(1)			2.30	%			2.12	%			2.25	%			2.22	%			2.34	%			2.22	%			2.28	%
Return on average assets, as adjusted, excluding intangible amortization (non-GAAP)(1)			2.29	%			2.27	%			2.25	%			2.22	%			2.27	%			2.27	%			2.21	%
Return on average common equity (ROE)			11.24	%			10.55	%			11.09	%			11.04	%			11.91	%			10.94	%			11.81	%
Return on average common equity, as adjusted: (ROE, as adjusted) (non-GAAP)(1)			11.20	%			11.32	%			11.08	%			11.01	%			11.54	%			11.19	%			11.45	%
Return on average tangible common equity (ROTCE) (non-GAAP)(1)			16.59	%			15.67	%			16.56	%			16.65	%			18.28	%			16.23	%			18.31	%
Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) (non-GAAP)(1)			16.54	%			16.82	%			16.55	%			16.60	%			17.70	%			16.59	%			17.75	%
Return on average tangible common equity excluding intangible amortization (non-GAAP)(1)			16.87	%			15.96	%			16.76	%			16.85	%			18.51	%			16.48	%			18.55	%
Return on average tangible common equity, as adjusted, excluding intangible amortization (non-GAAP)(1)			16.82	%			17.11	%			16.76	%			16.80	%			17.93	%			16.85	%			17.98	%
(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)
		Quarter Ended																				Nine Months Ended
(Dollars in thousands)		Sep. 30, 2026				Jun. 30, 2026				Mar. 31, 2026				Dec. 31, 2025				Sep. 30, 2025				Sep. 30, 2026				Sep. 30, 2025
Efficiency ratio			40.78	%			44.54	%			41.59	%			39.54	%			40.21	%			42.34	%			41.35	%
Efficiency ratio, as adjusted (non-GAAP)(1)			40.84	%			40.46	%			41.99	%			39.53	%			40.95	%			41.07	%			41.91	%
Net interest margin - FTE (NIM)			4.53	%			4.51	%			4.51	%			4.61	%			4.56	%			4.52	%			4.48	%
Fully taxable equivalent adjustment		$	2,516			$	2,653			$	2,661			$	2,252			$	2,916			$	7,830			$	7,976
Total revenue (net)			288,439				295,097				266,707				282,086				277,671				850,243				808,784
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)			166,907				159,603				152,732				167,723				162,833				479,242				464,978
PPNR, as adjusted (non-GAAP)(1)			166,585				171,238				152,677				167,130				157,704				490,500				450,929
Pre-tax net income to total revenue (net)			57.87	%			52.32	%			57.08	%			54.35	%			57.38	%			55.69	%			56.69	%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)			57.75	%			56.27	%			57.06	%			54.14	%			55.53	%			57.02	%			54.95	%
P5NR(Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)			57.87	%			54.08	%			57.27	%			59.46	%			58.64	%			56.37	%			57.49	%
P5NR, as adjusted (non-GAAP)(1)			57.75	%			58.03	%			57.25	%			59.25	%			56.80	%			57.69	%			55.75	%
Total purchase accounting accretion		$	2,875			$	3,618			$	1,061			$	1,265			$	1,272			$	7,554			$	3,883
Average purchase accounting loan discounts			39,395				41,962				12,507				13,753				15,009				31,399				16,257
OTHER OPERATING EXPENSES
Advertising		$	2,179			$	2,214			$	2,227			$	2,114			$	2,149			$	6,620			$	6,131
Amortization of intangibles			2,890				2,889				1,938				1,938				2,024				7,717				6,096
Electronic banking expense			2,950				3,223				3,326				3,288				3,357				9,499				9,584
Directors' fees			402				416				518				388				405				1,336				1,288
Due from bank service charges			335				344				333				324				404				1,012				968
FDIC and state assessment			3,498				3,045				1,599				2,970				3,245				8,142				8,268
Insurance			1,073				1,090				1,074				1,044				1,110				3,237				3,158
Legal and accounting			1,235				1,426				914				1,362				1,061				3,575				7,062
Other professional fees			2,523				2,247				1,946				2,168				2,083				6,716				6,241
Operating supplies			877				769				748				759				773				2,394				2,195
Postage			580				684				543				564				538				1,807				1,529
Telephone			267				324				363				382				367				954				1,222
Other expense			10,110				10,261				11,065				10,504				9,819				31,436				31,018
Total other operating expenses		$	28,919			$	28,932			$	26,594			$	27,805			$	27,335			$	84,445			$	84,760
(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)		Sep. 30, 2026				Jun. 30, 2026				Mar. 31, 2026				Dec. 31, 2025				Sep. 30, 2025
BALANCE SHEET RATIOS
Total loans to total deposits			90.16	%			89.61	%			88.13	%			89.74	%			88.22	%
Common equity to assets			18.76	%			18.40	%			18.75	%			18.78	%			18.56	%
Tangible common equity to tangible assets (non-GAAP)(1)			13.48	%			13.22	%			13.42	%			13.36	%			13.08	%
LOANS RECEIVABLE
Real estate
Commercial real estate loans
Non-farm/non-residential		$	5,543,038			$	5,921,829			$	5,395,529			$	5,290,112			$	5,494,492
Construction/land development			2,851,115				2,780,116				2,613,604				2,726,993				2,709,197
Agricultural			326,929				329,231				321,046				332,412				331,301
Residential real estate loans
Residential 1-4 family			2,486,120				2,545,462				2,100,374				2,134,334				2,142,375
Multifamily residential			1,281,202				1,269,728				1,232,639				1,140,911				716,595
Total real estate			12,488,404				12,846,366				11,663,192				11,624,762				11,393,960
Consumer			1,305,141				1,278,008				1,254,936				1,253,746				1,233,523
Commercial and industrial			2,330,327				2,285,054				2,172,267				2,222,401				2,100,268
Agricultural			372,834				356,611				329,563				359,879				346,167
Other			413,915				361,169				213,670				225,421				212,054
Loans receivable		$	16,910,621			$	17,127,208			$	15,633,628			$	15,686,209			$	15,285,972
ALLOWANCE FOR CREDIT LOSSES
Balance, beginning of period		$	328,369			$	297,634			$	297,583			$	285,649			$	281,869
Allowance for credit losses on acquired loans - MCBI			—				31,333				—				—				—
Loans charged off			3,669				6,520				2,849				3,063				4,651
Recoveries of loans previously charged off			1,520				722				1,400				597				1,731
Net loans charged off (recovered)			2,149				5,798				1,449				2,466				2,920
Provision for credit losses - loans			—				5,200				1,500				14,400				6,700
Balance, end of period		$	326,220			$	328,369			$	297,634			$	297,583			$	285,649
Net charge-offs (recoveries) to average total loans			0.05	%			0.14	%			0.04	%			0.06	%			0.08	%
Allowance for credit losses to total loans			1.93	%			1.92	%			1.90	%			1.90	%			1.87	%
NON-PERFORMING ASSETS
Non-performing loans
Non-accrual loans		$	195,789			$	183,199			$	179,639			$	78,002			$	81,087
Loans past due 90 days or more			5,018				2,126				2,481				6,980				4,125
Total non-performing loans			200,807				185,325				182,120				84,982				85,212
Other non-performing assets
Foreclosed assets held for sale, net			43,366				42,139				40,874				39,831				41,263
Other non-performing assets			1,140				1,140				1,140				—				—
Total other non-performing assets			44,506				43,279				42,014				39,831				41,263
Total non-performing assets		$	245,313			$	228,604			$	224,134			$	124,813			$	126,475
Allowance for credit losses for loans to non-performing loans			162.45	%			177.19	%			163.43	%			350.17	%			335.22	%
Non-performing loans to total loans			1.19	%			1.08	%			1.16	%			0.54	%			0.56	%
Non-performing assets to total assets			1.02	%			0.93	%			0.97	%			0.55	%			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
		September 30, 2026									June 30, 2026
(Dollars in thousands)		Average Balance			Income/ Expense			Yield/ Rate			Average Balance			Income/ Expense			Yield/ Rate
ASSETS
Earning assets
Interest-bearing balances due from banks		$	401,244		$	3,546		3.51	%		$	555,186		$	5,135		3.71	%
Federal funds sold			4,743			43		3.60	%			4,042			37		3.67	%
Investment securities - taxable			2,792,283			24,971		3.55	%			2,936,008			25,787		3.52	%
Investment securities - non-taxable - FTE			1,174,643			10,113		3.42	%			1,165,876			10,260		3.53	%
Loans receivable - FTE			17,055,603			298,739		6.95	%			17,083,743			298,270		7.00	%
Total interest-earning assets			21,428,516			337,412		6.25	%			21,744,855			339,489		6.26	%
Non-earning assets			2,791,365									2,780,403
Total assets		$	24,219,881								$	24,525,258
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts		$	12,209,970		$	68,052		2.21	%		$	12,392,404		$	68,650		2.22	%
Time deposits			2,224,381			18,228		3.25	%			2,301,685			18,782		3.27	%
Total interest-bearing deposits			14,434,351			86,280		2.37	%			14,694,089			87,432		2.39	%
Federal funds purchased			11			—		—	%			30			—		—	%
Securities sold under agreement to repurchase			151,203			1,009		2.65	%			167,885			1,057		2.53	%
FHLB and other borrowed funds			351,588			3,255		3.67	%			466,734			4,346		3.73	%
Subordinated debentures			279,689			2,359		3.35	%			279,519			2,358		3.38	%
Total interest-bearing liabilities			15,216,842			92,903		2.42	%			15,608,257			95,193		2.45	%
Non-interest bearing liabilities
Non-interest bearing deposits			4,251,520									4,222,813
Other liabilities			181,041									158,476
Total liabilities			19,649,403									19,989,546
Shareholders' equity			4,570,478									4,535,712
Total liabilities and shareholders' equity		$	24,219,881								$	24,525,258
Net interest spread								3.83	%								3.81	%
Net interest income and margin - FTE					$	244,509		4.53	%					$	244,296		4.51	%

Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
		Nine Months Ended
		September 30, 2026									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		$	504,055		$	13,626		3.61	%		$	664,308		$	21,813		4.39	%
Federal funds sold			4,687			128		3.65	%			5,037			164		4.35	%
Investment securities - taxable			2,887,538			75,486		3.50	%			3,104,254			80,203		3.45	%
Investment securities - non-taxable - FTE			1,172,057			30,658		3.50	%			1,121,481			30,294		3.61	%
Loans receivable - FTE			16,611,685			870,687		7.01	%			15,056,440			830,691		7.38	%
Total interest-earning assets			21,180,022			990,585		6.25	%			19,951,520			963,165		6.45	%
Non-earning assets			2,732,719									2,710,647
Total assets		$	23,912,741								$	22,662,167
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts		$	12,158,366		$	201,110		2.21	%		$	11,450,902		$	211,120		2.47	%
Time deposits			2,108,760			51,747		3.28	%			1,866,855			52,117		3.73	%
Total interest-bearing deposits			14,267,126			252,857		2.37	%			13,317,757			263,237		2.64	%
Federal funds purchased			14			—		—	%			19			—		—	%
Securities sold under agreement to repurchase			156,986			2,993		2.55	%			148,462			3,105		2.80	%
FHLB and other borrowed funds			438,979			12,293		3.74	%			572,538			16,819		3.93	%
Subordinated debentures			279,521			7,072		3.38	%			405,285			11,254		3.71	%
Total interest-bearing liabilities			15,142,626			275,215		2.43	%			14,444,061			294,415		2.73	%
Non-interest bearing liabilities
Non-interest bearing deposits			4,111,722									3,973,135
Other liabilities			172,277									201,228
Total liabilities			19,426,625									18,618,424
Shareholders' equity			4,486,116									4,043,743
Total liabilities and shareholders' equity		$	23,912,741								$	22,662,167
Net interest spread								3.82	%								3.72	%
Net interest income and margin - FTE					$	715,370		4.52	%					$	668,750		4.48	%

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
		Quarter Ended																				Nine Months Ended
(Dollars and shares in thousands, except per share data)		Sep. 30, 2026				Jun. 30, 2026				Mar. 31, 2026				Dec. 31, 2025				Sep. 30, 2025				Sep. 30, 2026				Sep. 30, 2025
NET INCOME (EARNINGS), AS ADJUSTED
GAAP net income available to common shareholders (A)		$	129,451			$	119,327			$	118,209			$	118,225			$	123,604			$	366,987			$	357,216
Pre-tax adjustments
Merger and acquisition expense			—				12,726				394				580				—				13,120				—
Gain on retirement of subordinated debt			—				—				—				—				(1,882	)			—				(1,882	)
FDIC special assessment credit			—				—				(1,697	)			—				—				(1,697	)			(1,516	)
BOLI death benefits			(528	)			(274	)			—				—				(187	)			(802	)			(1,430	)
Gain on sale of premises and equipment			(710	)			—				—				—				—				(710	)			(983	)
Fair value adjustment for marketable securities			916				(817	)			1,248				(1,173	)			(1,020	)			1,347				(1,224	)
Special income from equity investment			—				—				—				—				—				—				(7,389	)
Legal fee reimbursement			—				—				—				—				—				—				(885	)
Legal claims expense			—				—				—				—				—				—				3,300
Recoveries on historic losses			—				—				—				—				(2,040	)			—				(2,040	)
Total pre-tax adjustments			(322	)			11,635				(55	)			(593	)			(5,129	)			11,258				(14,049	)
Tax-effect of adjustments			50				2,901				(13	)			(231	)			(1,207	)			2,938				(3,083	)
Total adjustments after-tax (B)			(372	)			8,734				(42	)			(362	)			(3,922	)			8,320				(10,966	)
Net income, as adjusted (C)		$	129,079			$	128,061			$	118,167			$	117,863			$	119,682			$	375,307			$	346,250
Average diluted shares outstanding (D)			200,051				201,420				196,733				196,764				197,288				199,413				197,952
GAAP diluted earnings per share: (A/D)		$	0.65			$	0.59			$	0.60			$	0.60			$	0.63			$	1.84			$	1.80
Adjustments after-tax: (B/D)			0.00				0.05				0.00				0.00				(0.02	)			0.04				(0.05	)
Diluted earnings per common share, as adjusted: (C/D)		$	0.65			$	0.64			$	0.60			$	0.60			$	0.61			$	1.88			$	1.75
ANNUALIZED RETURN ON AVERAGE ASSETS
Return on average assets: (A/E)			2.12	%			1.95	%			2.09	%			2.06	%			2.17	%			2.05	%			2.11	%
Return on average assets, as adjusted: (ROA, as adjusted) ((A+D)/E)			2.11	%			2.09	%			2.09	%			2.05	%			2.10	%			2.10	%			2.04	%
Return on average assets excluding intangible amortization: ((A+C)/(E-F))			2.30	%			2.12	%			2.25	%			2.22	%			2.34	%			2.22	%			2.28	%
Return on average assets, as adjusted, excluding intangible amortization: ((A+C+D)/(E-F))			2.29	%			2.27	%			2.25	%			2.22	%			2.27	%			2.27	%			2.21	%
GAAP net income available to common shareholders (A)		$	129,451			$	119,327			$	118,209			$	118,225			$	123,604			$	366,987			$	357,216
Amortization of intangibles (B)			2,890				2,889				1,938				1,938				2,024				7,717				6,096
Amortization of intangibles after-tax (C)			2,186				2,185				1,466				1,466				1,529				5,837				4,607
Adjustments after-tax (D)			(372	)			8,734				(42	)			(362	)			(3,922	)			8,320				(10,966	)
Average assets (E)			24,219,881				24,525,258				22,954,441				22,786,852				22,638,938				23,912,741				22,662,167
Average goodwill & core deposit intangible (F)			1,474,223				1,481,989				1,429,527				1,431,479				1,433,474				1,462,077				1,435,475

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
		Quarter Ended																				Nine Months Ended
(Dollars in thousands)		Sep. 30, 2026				Jun. 30, 2026				Mar. 31, 2026				Dec. 31, 2025				Sep. 30, 2025				Sep. 30, 2026				Sep. 30, 2025
ANNUALIZED RETURN ON AVERAGE COMMON EQUITY
Return on average common equity: (A/D)			11.24	%			10.55	%			11.09	%			11.04	%			11.91	%			10.94	%			11.81	%
Return on average common equity, as adjusted: (ROE, as adjusted) ((A+C)/D)			11.20	%			11.32	%			11.08	%			11.01	%			11.54	%			11.19	%			11.45	%
Return on average tangible common equity: (ROTCE) (A/(D-E))			16.59	%			15.67	%			16.56	%			16.65	%			18.28	%			16.23	%			18.31	%
Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) ((A+C)/(D-E))			16.54	%			16.82	%			16.55	%			16.60	%			17.70	%			16.59	%			17.75	%
Return on average tangible common equity excluding intangible amortization: (B/(D-E))			16.87	%			15.96	%			16.76	%			16.85	%			18.51	%			16.48	%			18.55	%
Return on average tangible common equity, as adjusted, excluding intangible amortization: ((B+C)/(D-E))			16.82	%			17.11	%			16.76	%			16.80	%			17.93	%			16.85	%			17.98	%
GAAP net income available to common shareholders (A)		$	129,451			$	119,327			$	118,209			$	118,225			$	123,604			$	366,987			$	357,216
Earnings excluding intangible amortization (B)			131,637				121,512				119,675				119,691				125,133				372,824				361,823
Adjustments after-tax (C)			(372	)			8,734				(42	)			(362	)			(3,922	)			8,320				(10,966	)
Average common equity (D)			4,570,478				4,535,712				4,324,720				4,248,856				4,115,884				4,486,116				4,043,743
Average goodwill & core deposits intangible (E)			1,474,223				1,481,989				1,429,527				1,431,479				1,433,474				1,462,077				1,435,475
EFFICIENCY RATIO & P5NR
Efficiency ratio: ((D-G)/(B+C+E))			40.78	%			44.54	%			41.59	%			39.54	%			40.21	%			42.34	%			41.35	%
Efficiency ratio, as adjusted: ((D-G-I)/(B+C+E-H))			40.84	%			40.46	%			41.99	%			39.53	%			40.95	%			41.07	%			41.91	%
Pre-tax net income to total revenue (net) (A/(B+C))			57.87	%			52.32	%			57.08	%			54.35	%			57.38	%			55.69	%			56.69	%
Pre-tax net income, as adjusted, to total revenue (net) ((A+F)/(B+C))			57.75	%			56.27	%			57.06	%			54.14	%			55.53	%			57.02	%			54.95	%
Pre-tax, pre-provision, net income (PPNR) (B+C-D)		$	166,907			$	159,603			$	152,732			$	167,723			$	162,833			$	479,242			$	464,978
Pre-tax, pre-provision, net income, as adjusted (B+C-D+F)		$	166,585			$	171,238			$	152,677			$	167,130			$	157,704			$	490,500			$	450,929
P5NR(Pre-tax, pre-provision, profit percentage) PPNR to total revenue (net)) (B+C-D)/(B+C)			57.87	%			54.08	%			57.27	%			59.46	%			58.64	%			56.37	%			57.49	%
P5NR, as adjusted (B+C-D+F)/(B+C)			57.75	%			58.03	%			57.25	%			59.25	%			56.80	%			57.69	%			55.75	%
Pre-tax net income (A)		$	166,907			$	154,403			$	152,232			$	153,323			$	159,327			$	473,542			$	458,472
Net interest income (B)			241,993				241,643				223,904				231,586				226,166				707,540				660,774
Non-interest income (C)			46,446				53,454				42,803				50,500				51,505				142,703				148,010
Non-interest expense (D)			121,532				135,494				113,975				114,363				114,838				371,001				343,806
Fully taxable equivalent adjustment (E)			2,516				2,653				2,661				2,252				2,916				7,830				7,976
Total pre-tax adjustments (F)			(322	)			11,635				(55	)			(593	)			(5,129	)			11,258				(14,049	)
Amortization of intangibles (G)			2,890				2,889				1,938				1,938				2,024				7,717				6,096
Adjustments:
Non-interest income:
Gain on retirement of subordinated debt		$	—			$	—			$	—			$	—			$	1,882			$	—			$	1,882
Fair value adjustment for marketable securities			(916	)			817				(1,248	)			1,173				1,020				(1,347	)			1,224
Gain (loss) on OREO			81				332				707				203				(1	)			1,120				(364	)
Gain (loss) on branches, equipment and other assets, net			744				3				(7	)			11				(66	)			740				743
Special income from equity investment			—				—				—				—				—				—				7,389
BOLI death benefits			528				274				—				—				187				802				1,430
Legal fee reimbursement			—				—				—				—				—				—				885
Recoveries on historic losses			—				—				—				—				2,040				—				2,040
Total non-interest income adjustments (H)		$	437			$	1,426			$	(548	)		$	1,387			$	5,062			$	1,315			$	15,229
Non-interest expense:
FDIC special assessment credit			—				—				(1,697	)			—				—				(1,697	)			(1,516	)
Merger and acquisition expenses			—				12,726				394				580				—				13,120				—
Legal claims expense			—				—				—				—				—				—				3,300
Total non-interest expense adjustments (I)		$	—			$	12,726			$	(1,303	)		$	580			$	—			$	11,423			$	1,784

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
		Quarter Ended
		Sep. 30, 2026				Jun. 30, 2026				Mar. 31, 2026				Dec. 31, 2025				Sep. 30, 2025
TANGIBLE BOOK VALUE PER COMMON SHARE
Book value per common share: (A/B)		$	22.74			$	22.68			$	22.15			$	21.88			$	21.41
Tangible book value per common share: ((A-C-D)/B)			15.35				15.32				14.87				14.60				14.13
Total shareholders' equity (A)		$	4,529,761			$	4,547,435			$	4,349,585			$	4,296,871			$	4,214,964
End of period common shares outstanding (B)			199,210				200,460				196,394				196,357				196,889
Goodwill (C)			1,410,211				1,410,211				1,398,253				1,398,253				1,398,253
Core deposit and other intangibles (D)			62,651				65,541				30,355				32,293				34,231
TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS
Equity to assets: (B/A)			18.76	%			18.40	%			18.75	%			18.78	%			18.56	%
Tangible common equity to tangible assets: ((B-C-D)/(A-C-D))			13.48	%			13.22	%			13.42	%			13.36	%			13.08	%
Total assets (A)		$	24,145,664			$	24,713,248			$	23,201,679			$	22,881,879			$	22,707,802
Total shareholders' equity (B)			4,529,761				4,547,435				4,349,585				4,296,871				4,214,964
Goodwill (C)			1,410,211				1,410,211				1,398,253				1,398,253				1,398,253
Core deposit and other intangibles (D)			62,651				65,541				30,355				32,293				34,231

Home BancShares, Inc.
Shareholder Buyback Yield
(Unaudited)
		Quarter Ended																				Nine Months Ended
(Dollars and shares in thousands)		Sep. 30, 2026				Jun. 30, 2026				Mar. 31, 2026				Dec. 31, 2025				Sep. 30, 2025				Sep. 30, 2026				Sep. 30, 2025
SHAREHOLDER BUYBACK YIELD
Shareholder buyback yield: (A/B)			0.69	%			0.77	%			0.25	%			0.27	%			0.18	%			1.73	%			1.19	%
Shares repurchased			1,300				1,500				508				541				350				3,308				2,350
Average price per share		$	30.20			$	26.94			$	27.32			$	27.26			$	28.34			$	28.28			$	28.33
Principal cost			39,262				40,415				13,877				14,747				9,918				93,554				66,575
Excise tax			376				386				1				141				93				763				669
Total share repurchase cost (A)		$	39,638			$	40,801			$	13,878			$	14,888			$	10,011			$	94,317			$	67,244
Shares outstanding beginning of period			200,460				196,394				196,357				196,889				197,239				196,357				198,882
Price per share beginning of period		$	28.55			$	26.93			$	27.78			$	28.30			$	28.46			$	27.78			$	28.30
Market capitalization beginning of period (B)		$	5,723,133			$	5,288,890			$	5,454,797			$	5,571,959			$	5,613,422			$	5,454,797			$	5,628,361

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/aed3b4e1-eee4-42d9-a936-5b1fd6bc1877

https://www.globenewswire.com/NewsRoom/AttachmentNg/a601b72e-ffe3-4c9a-89f1-ab58936f9de3

https://www.globenewswire.com/NewsRoom/AttachmentNg/c979db15-15fb-4775-8ffe-1848eea53c1c

https://www.globenewswire.com/NewsRoom/AttachmentNg/08d8523c-e8f4-4c1e-ac37-2b301b9c6771

https://www.globenewswire.com/NewsRoom/AttachmentNg/5b95afcc-60ea-4ebe-9c66-76cd1728bdd1

https://www.globenewswire.com/NewsRoom/AttachmentNg/25ad1a86-2c3a-4c91-b246-87b8958914cb

https://www.globenewswire.com/NewsRoom/AttachmentNg/07e47764-5817-4f73-9faf-b7f3dbbebb7b

https://www.globenewswire.com/NewsRoom/AttachmentNg/d92d7071-ba21-492e-b61e-f11a78c9f6db

https://www.globenewswire.com/NewsRoom/AttachmentNg/d9664e5e-a1e4-4165-882d-db8c7f455873

https://www.globenewswire.com/NewsRoom/AttachmentNg/3adc083e-0405-4aac-92b1-603f001aa16d

https://www.globenewswire.com/NewsRoom/AttachmentNg/b4b8d372-8119-4f1f-b1b4-8658fe4ab3a4

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Home BancShares' third-quarter 2026 earnings?

Home BancShares earned a record $129.5 million, or a record $0.65 per diluted share, in the quarter ended September 30, 2026. Net income was $119.3 million in the preceding quarter and $123.6 million a year earlier. Adjusted net income, a non-GAAP measure, was $129.1 million.

Why did Home BancShares' expenses decline in the third quarter of 2026?

Non-interest expense declined primarily because acquisition-related expenses incurred in the second quarter were absent. Expense totaled $121.5 million, compared with $135.5 million in the preceding quarter. Expense remained above the year-earlier $114.8 million, reflecting franchise growth and continued investment in operations.

Which region had the most non-performing loans at Home BancShares on September 30, 2026?

Texas had the largest regional balance of non-performing loans, at $128,289 thousand on September 30, 2026. The companywide total was $200,807 thousand. Non-performing loans include loans no longer accruing interest and loans at least 90 days past due.