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Home BancShares Q3 2026 profit hits record $130M

The third-quarter balance sheet listed $245.3 million in non-performing assets, alongside a $0.23 per-share dividend.

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Filing Sentiment

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8-K

Rhea-AI Filing Summary

Home BancShares, Inc. (HOMB) reported record third-quarter 2026 net income of $129.5 million, compared with $119.3 million in Q2 2026 and $123.6 million in Q3 2025. Adjusted net income, also a company record, was $129.1 million, up 7.9% from $119.7 million a year earlier. Total revenue was $288.4 million, versus $295.1 million in Q2 and $277.7 million in Q3 2025; net interest income after credit loss expense was $242.0 million, up from $222.7 million a year earlier.

At September 30, 2026, loans were $16.91 billion, deposits were $18.76 billion and total assets were $24.15 billion, all below June 30 levels. Non-performing assets were $245.3 million, compared with $228.6 million at June 30, and equaled 1.02% of assets versus 0.93%. Home paid a $0.23 per-share dividend, 9.5% above Q2, and repurchased 1.3 million shares at a total share repurchase cost of $39.638 million.

2 points · 0 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

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 · 1 point

How the balance works

Positive

  • Moderate pointAdjusted net income rose 7.9% year over year to $129.1 million in Q3 2026.
  • Minor pointQuarterly dividend increased 9.5% to $0.23 per share from Q2 2026.

Negative

  • Moderate pointNon-performing assets rose to $245.3 million from $228.6 million quarter over quarter.

Filing Explained

The reported allowance for credit losses was 162.45% of non-performing loans at September 30, down from 177.19% at June 30, showing reduced reserve coverage against that pool.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Net income $129.5 million Q3 2026; company record
Net income, as adjusted $129.1 million Q3 2026; company record
Adjusted net income year-over-year increase 7.9% Q3 2026 compared with Q3 2025
Total revenue (net) $288.4 million Q3 2026
Diluted earnings per share $0.65 Q3 2026; company record
Net interest income after credit loss expense $242.0 million Q3 2026
Non-performing assets $245.3 million At September 30, 2026
Dividend per share $0.23 Q3 2026
pre-tax, pre-provision, net income (PPNR) financial
"PPNR (non-GAAP) totaled $166.9 million"
net interest margin (NIM) financial
"including net interest margin (NIM)"
Net interest margin (NIM) measures how much profit a bank or lending business makes from its core activity of borrowing and lending: it’s the difference between interest earned on loans and investments and interest paid to depositors and lenders, expressed as a percentage of the assets that earn interest. Think of it like a store’s markup on goods — a higher NIM means the lender keeps more on each dollar it intermediates, so investors use it to judge profitability and sensitivity to interest-rate changes.
purchase accounting accretion financial
"Purchase accounting accretion on acquired loans"
Purchase accounting accretion describes how an acquisition’s required accounting adjustments change a company’s reported earnings per share after the deal. When the purchase price is reallocated to the acquired assets and liabilities, certain items (like tax effects, depreciation or amortization) are recorded differently, and those changes can make reported earnings per share rise over time — showing whether the transaction boosts or dilutes per-share results. Investors use it like checking whether two merged household budgets will increase the amount left over each month after relabeling expenses.
allowance for credit losses financial
"allowance for credit losses on loans"
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.
tangible book value per common share financial
"Tangible book value per common share (non-GAAP)"
A per-share measure of the company’s tangible net asset value available to common shareholders after removing intangible items (like goodwill, brand value, and patents) and any preferred shareholder claims. Think of it as the amount each common share would get if the company sold only its physical and financial assets and settled priority claims. Investors use it as a conservative baseline to judge whether a stock is cheaply priced relative to the company’s hard-asset backing.
Net income $129.5 million Company record; compared with $123.6 million in Q3 2025
Net income, as adjusted $129.1 million Company record; up 7.9% from $119.7 million in Q3 2025
Total revenue (net) $288.4 million Compared with $277.7 million in Q3 2025
Diluted earnings per share $0.65 Company record; compared with $0.63 in Q3 2025

FAQ

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

What was HOMB's net income in Q3 2026?
Home BancShares reported net income of $129.5 million for Q3 2026, a company record. Diluted earnings per share were $0.65. Adjusted net income was $129.1 million, up 7.9% from $119.7 million in Q3 2025.

What dividend did HOMB pay for Q3 2026?
Home BancShares paid a $0.23 per-share dividend for Q3 2026. That was an increase of $0.02, or 9.5%, from the $0.21 dividend paid in Q2 2026, and an increase of $0.03, or 15.0%, from the $0.20 dividend paid in Q3 2025.

How did HOMB's non-performing assets change?
Non-performing assets were $245.3 million at September 30, 2026, compared with $228.6 million at June 30, 2026. They equaled 1.02% of total assets, compared with 0.93% at June 30, 2026.

How many shares did HOMB repurchase in Q3 2026?
Home BancShares repurchased 1.3 million shares at an average price of $30.20 per share. Total share repurchase cost was $39.638 million, and the shareholder buyback yield was 0.69%.

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

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Available on EDGAR Accepted by SEC EDGAR
0001331520false00013315202022-02-242022-02-24

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________________
FORM 8-K
_________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 14, 2026
_________________________________
HOME BANCSHARES, INC.
(Exact name of Registrant as Specified in Its Charter)
_________________________________
Arkansas001-4109371-0682831
(State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)
719 Harkrider, Suite 100
Conway, Arkansas 72032
(Address of Principal Executive Offices) (Zip Code)
(501) 339-2929
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
_________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01 per shareHOMBNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o


Item 2.02    Results of Operations and Financial Condition.
Home BancShares, Inc. (the “Company”) hereby furnishes its October 14, 2026 press release announcing third quarter 2026 earnings, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 7.01    Regulation FD Disclosure.
See Item 2.02. Results of Operations and Financial Condition.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1
Press Release: Home BancShares, Inc. Announces Third Quarter Earnings
99.2
Supplemental Presentation for Third Quarter Earnings Call
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Home BancShares, Inc.
Date:October 14, 2026By:/s/ Jennifer C. Floyd
Jennifer C. Floyd
Chief Accounting Officer


EXHIBIT 99.1
gh5yczfedemt000001.jpg
For Immediate Release:October 14, 2026

Home BancShares Reports Record Third Quarter Net Income, Bringing the Company Closer
to a Half-Billion-Dollar Year
Conway, AR – Home BancShares, Inc. (NYSE: HOMB) (“Home” or the “Company”), parent company of Centennial Bank, released quarterly earnings today.
Quarterly Highlights
MetricQ3 2026Q2 2026Q1 2026Q4 2025Q3 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 capital16.7%16.3%16.7%16.3%16.1%
Leverage14.3%13.9%14.3%14.1%13.8%
Tier 1 capital16.7%16.3%16.7%16.3%16.1%
Total risk-based capital19.4%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.
a1netincome.jpg
a2ppnr.jpg
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.
a3netinterestincome.jpg
a4non-interestincome.jpg


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.
a5totalrevenue.jpg
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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.
a7efficiencyratio.jpg
a8roa.jpg



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.
a9nim.jpg
a10nimyields.jpg
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.
a11bookvalue.jpg













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)TexasArkansasCentennial CFGShore Premier FinanceFloridaTennesseeAlabamaTotal
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)TexasArkansasCentennial CFGShore Premier FinanceFloridaTennesseeAlabamaTotal
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)TexasArkansasCentennial CFGShore Premier FinanceFloridaTennesseeAlabamaTotal
Non-accrual loans$126,160 $18,322 $14,844 $9,789 $22,581 $4,049 $44 $195,789 
Loans 90+ days past due2,129 1,079 — — 1,810 — — 5,018 
Total non-performing loans128,289 19,401 14,844 9,789 24,391 4,049 44 200,807 
Foreclosed assets held for sale16,379 2,478 22,812 — 315 1,382 — 43,366 
Other non-performing assets— — — 1,140 — — — 1,140 
Total other non-performing assets16,379 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)TexasArkansasCentennial CFGShore Premier FinanceFloridaTennesseeAlabamaTotal
Non-accrual loans$123,170 $19,529 $— $11,886 $24,235 $4,335 $44 $183,199 
Loans 90+ days past due690 238 — — 282 916 — 2,126 
Total non-performing loans123,860 19,767 — 11,886 24,517 5,251 44 185,325 
Foreclosed assets held for sale15,647 2,028 22,812 — 260 1,392 — 42,139 
Other non-performing assets— — — 1,140 — — — 1,140 
Total other non-performing assets15,647 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 sold4,025 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 intangible62,651 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
 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 expense37,456 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 EndedNine Months Ended
(Dollars and shares in thousands, except per share data)Sep 30, 2026Jun 30, 2026Mar 31, 2026Dec 31, 2025Sep 30, 2025Sep 30, 2026Sep 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)
0.650.640.600.600.611.881.75
Basic earnings per common share0.650.590.600.600.631.841.81
Dividends per share - common0.230.210.210.210.200.650.595
Shareholder buyback yield(2)
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)
15.3515.3214.8714.6014.1315.3514.13
STOCK INFORMATION
Average common shares outstanding199,868201,223196,528196,553197,078199,219197,750
Average diluted shares outstanding200,051201,420196,733196,764197,288199,413197,952
End of period common shares outstanding199,210200,460196,394196,357196,889199,210196,889
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.
(2) Calculation of this metric is included in the schedules accompanying this release.


Home BancShares, Inc.
Selected Financial Information
(Unaudited)
Quarter EndedNine Months Ended
(Dollars in thousands)Sep 30, 2026Jun 30, 2026Mar 31, 2026Dec 31, 2025Sep 30, 2025Sep 30, 2026Sep 30, 2025
Efficiency ratio40.78 %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)288,439295,097266,707282,086277,671850,243808,784
Pre-tax, pre-provision, net income (PPNR)
     (non-GAAP)(1)
166,907159,603152,732167,723162,833479,242464,978
PPNR, as adjusted (non-GAAP)(1)
166,585171,238152,677167,130157,704490,500450,929
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 discounts39,39541,96212,50713,75315,00931,39916,257
OTHER OPERATING EXPENSES
Advertising$2,179$2,214$2,227$2,114$2,149$6,620$6,131
Amortization of intangibles2,8902,8891,9381,9382,0247,7176,096
Electronic banking expense2,9503,2233,3263,2883,3579,4999,584
Directors' fees4024165183884051,3361,288
Due from bank service charges3353443333244041,012968
FDIC and state assessment3,4983,0451,5992,9703,2458,1428,268
Insurance1,0731,0901,0741,0441,1103,2373,158
Legal and accounting1,2351,4269141,3621,0613,5757,062
Other professional fees2,5232,2471,9462,1682,0836,7166,241
Operating supplies8777697487597732,3942,195
Postage5806845435645381,8071,529
Telephone2673243633823679541,222
Other expense10,11010,26111,06510,5049,81931,43631,018
        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 deposits90.16 %89.61 %88.13 %89.74 %88.22 %
Common equity to assets18.76 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 development2,851,1152,780,1162,613,6042,726,9932,709,197
Agricultural326,929329,231321,046332,412331,301
Residential real estate loans
Residential 1-4 family2,486,1202,545,4622,100,3742,134,3342,142,375
Multifamily residential1,281,2021,269,7281,232,6391,140,911716,595
Total real estate12,488,40412,846,36611,663,19211,624,76211,393,960
Consumer1,305,1411,278,0081,254,9361,253,7461,233,523
Commercial and industrial2,330,3272,285,0542,172,2672,222,4012,100,268
Agricultural372,834356,611329,563359,879346,167
Other413,915361,169213,670225,421212,054
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 off3,6696,5202,8493,0634,651
Recoveries of loans previously charged off1,5207221,4005971,731
Net loans charged off (recovered)2,1495,7981,4492,4662,920
Provision for credit losses - loans —5,2001,50014,4006,700
Balance, end of period$326,220$328,369$297,634$297,583$285,649
Net charge-offs (recoveries) to average total loans0.05 %0.14 %0.04 %0.06 %0.08 %
Allowance for credit losses to total loans1.93 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 more5,0182,1262,4816,9804,125
Total non-performing loans200,807185,325182,12084,98285,212
Other non-performing assets
Foreclosed assets held for sale, net43,36642,13940,87439,83141,263
Other non-performing assets1,1401,1401,140——
Total other non-performing assets44,50643,27942,01439,83141,263
Total non-performing assets$245,313$228,604$224,134$124,813$126,475
Allowance for credit losses for loans to non-performing loans162.45 %177.19 %163.43 %350.17 %335.22 %
Non-performing loans to total loans1.19 1.08 1.16 0.54 0.56 
Non-performing assets to total assets1.02 0.93 0.97 0.55 0.56 
(1) Calculation of this metric and the reconciliation to GAAP is included in the schedules accompanying this release.


Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
Three Months Ended
September 30, 2026June 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 sold4,743 43 3.60 4,042 37 3.67 
Investment securities - taxable2,792,283 24,971 3.55 2,936,008 25,787 3.52 
Investment securities - non-taxable - FTE1,174,643 10,113 3.42 1,165,876 10,260 3.53 
Loans receivable - FTE17,055,603 298,739 6.95 17,083,743 298,270 7.00 
Total interest-earning assets21,428,516 337,412 6.25 21,744,855 339,489 6.26 
Non-earning assets2,791,365 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 deposits2,224,381 18,228 3.25 2,301,685 18,782 3.27 
Total interest-bearing deposits14,434,351 86,280 2.37 14,694,089 87,432 2.39 
     Federal funds purchased11 — — 30 — — 
     Securities sold under agreement to
         repurchase
151,203 1,009 2.65 167,885 1,057 2.53 
     FHLB and other borrowed funds351,588 3,255 3.67 466,734 4,346 3.73 
     Subordinated debentures279,689 2,359 3.35 279,519 2,358 3.38 
    Total interest-bearing liabilities15,216,842 92,903 2.42 15,608,257 95,193 2.45 
Non-interest bearing liabilities
Non-interest bearing deposits4,251,520 4,222,813 
Other liabilities181,041 158,476 
Total liabilities19,649,403 19,989,546 
Shareholders' equity4,570,478 4,535,712 
Total liabilities and shareholders' equity$24,219,881 $24,525,258 
Net interest spread3.83 %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, 2026September 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 sold4,687 128 3.65 5,037 164 4.35 
Investment securities - taxable2,887,538 75,486 3.50 3,104,254 80,203 3.45 
Investment securities - non-taxable - FTE1,172,057 30,658 3.50 1,121,481 30,294 3.61 
Loans receivable - FTE16,611,685 870,687 7.01 15,056,440 830,691 7.38 
Total interest-earning assets21,180,022 990,585 6.25 19,951,520 963,165 6.45 
Non-earning assets2,732,719 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 deposits2,108,760 51,747 3.28 1,866,855 52,117 3.73 
Total interest-bearing deposits14,267,126 252,857 2.37 13,317,757 263,237 2.64 
     Federal funds purchased14 — — 19 — — 
     Securities sold under agreement to
         repurchase
156,986 2,993 2.55 148,462 3,105 2.80 
     FHLB and other borrowed funds438,979 12,293 3.74 572,538 16,819 3.93 
     Subordinated debentures279,521 7,072 3.38 405,285 11,254 3.71 
    Total interest-bearing liabilities15,142,626 275,215 2.43 14,444,061 294,415 2.73 
Non-interest bearing liabilities
Non-interest bearing deposits4,111,722 3,973,135 
Other liabilities172,277 201,228 
Total liabilities19,426,625 18,618,424 
Shareholders' equity4,486,116 4,043,743 
Total liabilities and shareholders' equity$23,912,741 $22,662,167 
Net interest spread3.82 %3.72 %
Net interest income and margin - FTE$715,370 4.52 $668,750 4.48 


Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
Quarter EndedNine 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—12,726394580—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 securities916(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 adjustments502,901(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)200,051201,420196,733196,764197,288199,413197,952
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)—0.05——(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)2,8902,8891,9381,9382,0247,7176,096
Amortization of intangibles after-tax (C)2,1862,1851,4661,4661,5295,8374,607
Adjustments after-tax (D)(372)8,734(42)(362)(3,922)8,320(10,966)
Average assets (E)24,219,88124,525,25822,954,44122,786,85222,638,93823,912,74122,662,167
Average goodwill & core deposit intangible (F)1,474,2231,481,9891,429,5271,431,4791,433,4741,462,0771,435,475


Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
Quarter EndedNine 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)131,637121,512119,675119,691125,133372,824361,823
Adjustments after-tax (C)(372)8,734(42)(362)(3,922)8,320(10,966)
Average common equity (D)4,570,4784,535,7124,324,7204,248,8564,115,8844,486,1164,043,743
Average goodwill & core deposits intangible (E)1,474,2231,481,9891,429,5271,431,4791,433,4741,462,0771,435,475
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)166,585171,238152,677167,130157,704490,500450,929
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$458,472
Net interest income (B)241,993241,643223,904231,586226,166707,540660,774
Non-interest income (C)46,44653,45442,80350,50051,505142,703148,010
Non-interest expense (D)121,532135,494113,975114,363114,838371,001343,806
Fully taxable equivalent adjustment (E)2,5162,6532,6612,2522,9167,8307,976
Total pre-tax adjustments (F)(322)11,635(55)(593)(5,129)11,258(14,049)
Amortization of intangibles (G)2,8902,8891,9381,9382,0247,7176,096
Adjustments:
Non-interest income:
Gain on retirement of subordinated debt$—$—$—$—$1,882$—$1,882
Fair value adjustment for marketable securities(916)817(1,248)1,1731,020(1,347)1,224
Gain (loss) on OREO81332707203(1)1,120(364)
Gain (loss) on branches, equipment and other assets, net7443(7)11(66)740743
Special income from equity investment——————7,389
Legal fee reimbursement——————885
BOLI death benefits528274——1878021,430
Recoveries on historic losses————2,040—2,040
Total non-interest income adjustments (H)$437$1,426$(548)$1,387$5,062$1,315$15,229
Non-interest expense:
FDIC special assessment credit——(1,697)——(1,697)(1,516)
Merger and acquisition expenses—12,726394580—13,120—
Legal claims expense——————3,300
Total non-interest expense adjustments (I)$—$12,726$(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)15.3515.3214.8714.6014.13
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)199,210200,460196,394196,357196,889
Goodwill (C)1,410,2111,410,2111,398,2531,398,2531,398,253
Core deposit and other intangibles (D)62,65165,54130,35532,29334,231
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)4,529,7614,547,4354,349,5854,296,8714,214,964
Goodwill (C)1,410,2111,410,2111,398,2531,398,2531,398,253
Core deposit and other intangibles (D)62,65165,54130,35532,29334,231




Home BancShares, Inc.
Shareholder Buyback Yield
(Unaudited)
Quarter EndedNine 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 1,3001,5005085413503,3082,350
Average price per share
$30.20$26.94$27.32$27.26$28.34$28.28$28.33
Principal cost
39,26240,41513,87714,7479,91893,55466,575
Excise tax376386114193763669
Total share repurchase cost (A)$39,638$40,801$13,878$14,888$10,011$94,317$67,244
Shares outstanding beginning of period200,460196,394196,357196,889197,239196,357198,882
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


NYSE: HOMB | 3rd Quarter Earnings Call www.homebancshares.com

 

NON-GAAP FINANCIAL MEASURES This presentation contains financial information determined by methods other than in accordance with generally accepted accounting principles (GAAP). The management of Home BancShares, Inc. (the “Company”) uses these non-GAAP financial measures--including net income (earnings), as adjusted; pre- tax, pre-provision, net income (PPNR); PPNR, as adjusted; return on average assets, as adjusted; efficiency ratio, as adjusted; and tangible book value per share--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 accompanying the Company’s earnings press release for the quarter ended September 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx. 2

 

NET INCOME 3 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. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended September 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.

 

PRE-TAX, PRE-PROVISION NET INCOME 4 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. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended September 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.

 

NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE 5 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 6 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) 7 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.

 

EXPENSES 8 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.

 

EFFICIENCY RATIO 9 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. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended September 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.

 

RETURN ON AVERAGE ASSETS 10 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. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended September 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.

 

NET INTEREST MARGIN 11 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 12 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. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended September 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.

 

CONTACT INFORMATION 13 Corporate Headquarters Home BancShares, Inc. 719 Harkrider Street, Suite 100 P.O. Box 966 Conway, AR 72033 Financial Information Donna Townsell Director of Investor Relations (501) 328-4625 Website www.homebancshares.com

 

NYSE: HOMB | 3rd Quarter Earnings Call www.homebancshares.com

 

Source: View Original Filing on SEC EDGAR

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