Quarterly Highlights
Metric
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Net income
$118.2 million
$123.6 million
$118.4 million
$115.2 million
$100.6 million
Net income, as adjusted (non-GAAP)(1)
$117.9 million
$119.7 million
$114.6 million
$111.9 million
$99.8 million
Total revenue (net)
$282.1 million
$277.7 million
$271.0 million
$260.1 million
$258.4 million
Income before income taxes
$153.3 million
$159.3 million
$152.0 million
$147.2 million
$129.5 million
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)
$167.7 million
$162.8 million
$155.0 million
$147.2 million
$146.2 million
PPNR, as adjusted (non-GAAP)(1)
$167.1 million
$157.7 million
$150.4 million
$142.8 million
$145.2 million
Pre-tax net income to total revenue (net)
54.35%
57.38%
56.08%
56.58%
50.11%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)
54.14%
55.53%
54.39%
54.91%
49.74%
P5NR(Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)
59.46%
58.64%
57.19%
56.58%
56.57%
P5NR, as adjusted (non-GAAP)(1)
59.25%
56.80%
55.49%
54.91%
56.20%
ROA
2.06%
2.17%
2.08%
2.07%
1.77%
ROA, as adjusted (non-GAAP)(1)
2.05%
2.10%
2.02%
2.01%
1.76%
NIM
4.61%
4.56%
4.44%
4.44%
4.39%
Purchase accounting accretion
$1.3 million
$1.3 million
$1.2 million
$1.4 million
$1.6 million
ROE
11.04%
11.91%
11.77%
11.75%
10.13%
ROE, as adjusted (non-GAAP)(1)
11.01%
11.54%
11.39%
11.41%
10.05%
ROTCE (non-GAAP)(1)
16.65%
18.28%
18.26%
18.39%
15.94%
ROTCE, as adjusted (non-GAAP)(1)
16.60%
17.70%
17.68%
17.87%
15.82%
Diluted earnings per share
$0.60
$0.63
$0.60
$0.58
$0.51
Diluted earnings per share, as adjusted (non-GAAP)(1)
$0.60
$0.61
$0.58
$0.56
$0.50
Non-performing assets to total assets
0.55%
0.56%
0.60%
0.56%
0.63%
Common equity tier 1 capital
16.3%
16.1%
15.6%
15.4%
15.1%
Leverage
14.1%
13.8%
13.4%
13.3%
13.0%
Tier 1 capital
16.3%
16.1%
15.6%
15.4%
15.1%
Total risk-based capital
19.1%
18.9%
19.3%
19.1%
18.7%
Allowance for credit losses to total loans
1.90%
1.87%
1.86%
1.87%
1.87%
Book value per share
$21.88
$21.41
$20.71
$20.40
$19.92
Tangible book value per share (non-GAAP)(1)
$14.60
$14.13
$13.44
$13.15
$12.68
Dividends per share
$0.21
$0.20
$0.20
$0.195
$0.195
Shareholder buyback yield(2)
0.27%
0.18%
0.49%
0.53%
0.05%
(1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.(2) Calculation of this metric is included in the schedules accompanying this release.
"HOMB delivered a record $475.4 million in annual income, driven by strong fourth-quarter results: a sub-40% efficiency ratio, $400.2 million in loan growth, robust margin and resolution of the Texas lawsuit which provided additional income. These accomplishments underscore our commitment to operational excellence and shareholder value," said John Allison, Chairman.
Quarterly Financial Performance TrendsDollar amounts presented below in thousands.
Net income increased steadily through the first three quarters of 2025, reaching a peak of $123.6 million in Q3. Net income, as adjusted (non-GAAP)(1) followed a similar trend, ending the year at $117.9 million. In Q4, net income was $118.2 million, as the Company recorded $14.4 million in provision for credit losses primarily due to $400.2 million in 4th quarter loan growth. The full-year performance reflects strong profitability and disciplined financial management.
PPNR continued its upward trajectory throughout 2025, reflecting strong underlying earnings power. PPNR (non-GAAP)(1) grew from $146.2 million at Q4 2024 to $167.7 million at Q4 2025. PPNR, as adjusted, (non-GAAP)(1) increased to $167.1 million in Q4 2025 from $145.2 million in Q4 2024. This consistent growth highlights the strength of our operations and reinforces our ability to deliver sustained profitability and create long-term shareholder value.
Total revenue (net) demonstrated steady quarterly growth throughout 2025. Total revenue (net) increased from $258.4 million in Q4 2024 to $260.1 million in Q1 2025, followed by $271.0 million in Q2 and $277.7 million in Q3. By Q4 2025, it reached $282.1 million, reflecting continued momentum and strong performance across the year.
Interest expense declined steadily throughout 2025, decreasing from $105.6 million in Q4 2024 to $92.0 million in Q4 2025. Non-interest expense remained relatively stable, ranging from $112.2 million in Q4 2024 to $114.4 million in Q4 2025, with a peak of $116.0 million in Q2 2025, primarily due to legal claims expense. The overall trend reflects effective management of interest costs while maintaining consistent non-interest expense levels.
ROA demonstrated strong improvement in 2025, rising from 1.77% in Q4 2024 to a peak of 2.17% in Q3 2025. ROA, as adjusted, (non-GAAP)(1) followed a similar trend, reaching 2.10% in Q3 2025. Despite a slight moderation in Q4 2025 resulting from the provision for credit losses, both measures ended the year above 2.0%, reflecting continued strength in asset utilization and profitability. These results underscore our ability to deliver superior returns and position the Company for sustained growth.
The chart below underscores the Company's strong and consistent performance in managing operating expenses, as reflected in its efficiency ratio over the past five quarters. The efficiency ratio is a key metric that measures how effectively the Company converts its revenue into net income by comparing non-interest expenses to total revenue. A lower efficiency ratio indicates greater operational efficiency and cost discipline, which are essential for sustaining profitability and enhancing shareholder value.
The tables below present additional key financial metrics over the past five quarters, including net interest margin (NIM), yield on interest-earning assets, rate on interest-bearing liabilities, and net interest spread. These metrics are fundamental indicators of the Company's profitability and operational efficiency.
Annual Financial Performance TrendsDollar and share amounts presented below in thousands.
Net income has shown consistent growth over the past four years. In 2022, net income was $305.3 million, increasing by 29% to $392.9 million in 2023. Growth continued in 2024 with net income reaching $402.2 million, a 2% increase from the prior year. In 2025, net income rose significantly to $475.4 million, representing an 18% year-over-year increase and marking the highest level in the period.
Diluted earnings per share (DEPS) demonstrated strong growth over the past four years, rising from $1.57 in 2022 to $2.41 in 2025, an increase of 53%. Year-over-year, DEPS grew 24% in 2023, 4% in 2024, and accelerated to 20% in 2025, reflecting improved profitability. Shares outstanding declined steadily during the same period, moving from 203.4 million in 2022 to 196.4 million in 2025, a reduction of approximately 3.5%, which contributed to the increase in per-share earnings. This combination of higher earnings and reduced share count underscores the Company's commitment to enhancing shareholder value.
Operating Highlights
Net income for the three-month period ended December 31, 2025 was $118.2 million, or $0.60 diluted earnings per share. When adjusting for non-fundamental items, net income and diluted earnings per share on an as-adjusted basis (non-GAAP), were $117.9 million(1) and $0.60 per share(1), respectively, for the three months ended December 31, 2025.
Our net interest margin was 4.61% and 4.56% for the three-month periods ended December 31, 2025 and September 30, 2025, respectively. The yield on loans was 7.30% and 7.39% for the three months ended December 31, 2025 and September 30, 2025, respectively, as average loans increased from $15.22 billion to $15.51 billion. The rate on interest bearing deposits decreased to 2.47% as of December 31, 2025, from 2.62% as of September 30, 2025, while average interest-bearing deposits increased from $13.32 billion to $13.47 billion.
During the fourth quarter of 2025, there was $2.6 million of event interest income compared to $1.5 million of event interest income for the third quarter of 2025. The increase in event income was accretive to the net interest margin by two basis points. Purchase accounting accretion on acquired loans was $1.3 million for both of the three-month periods ended December 31, 2025 and September 30, 2025, and average purchase accounting loan discounts were $13.8 million and $15.0 million for the three-month periods ended December 31, 2025 and September 30, 2025, respectively.
Net interest income on a fully taxable equivalent basis was $233.8 million for the three-month period ended December 31, 2025, and $229.1 million for the three-month period ended September 30, 2025. This increase in net interest income for the three-month period ended December 31, 2025, was the result of a $5.3 million decrease in interest expense, which was partially offset by a $565,000 decrease in interest income. The $5.3 million decrease in interest expense was due to a $4.2 million decrease in interest expense on deposits, a $648,000 decrease in interest expense on subordinated debt and a $393,000 decrease in interest expense on FHLB and other borrowed funds. The $565,000 decrease in interest income was primarily the result of a $1.8 million decrease in income from deposits with other banks and a $427,000 decrease in income from investments. These reductions were partially offset by a $1.7 million increase in loan income.
The Company reported $50.5 million of non-interest income for the fourth quarter of 2025. The most important components of non-interest income were $12.8 million from other income, $11.1 million from other service charges and fees, $10.5 million from service charges on deposit accounts, $5.1 million from trust fees, $4.7 million in mortgage lending income, $2.7 million from dividends from FHLB, FRB, FNBB and other, $1.4 million from the increase in cash value of life insurance and $1.2 million from the fair value adjustment for marketable securities. Included within other income was $4.9 million income from a recovery on a lawsuit.
Non-interest expense for the fourth quarter of 2025 was $114.4 million. The most important components of non-interest expense were $62.9 million salaries and employee benefits expense, $27.8 million in other operating expense, $14.4 million in occupancy and equipment expenses, $8.7 million in data processing expenses and $580,000 in merger and acquisition expenses. For the fourth quarter of 2025, our efficiency ratio was 39.54%, and our efficiency ratio, as adjusted (non-GAAP), was 39.53%(1).
Financial Condition
Total loans receivable were $15.69 billion at December 31, 2025, compared to $15.29 billion at September 30, 2025. Total loans receivable of $15.69 billion were a record for the Company. Total deposits were $17.48 billion at December 31, 2025, compared to $17.33 billion at September 30, 2025. Total assets were $22.88 billion at December 31, 2025, compared to $22.71 billion at September 30, 2025.
During the fourth quarter of 2025, the Company had a $400.2 million increase in loans. Our community banking footprint experienced $164.3 million in organic loan growth during the quarter ended December 31, 2025, and Centennial CFG experienced $235.9 million of organic loan growth and had loans of $2.01 billion at December 31, 2025.
Non-performing loans to total loans were 0.54% and 0.56% at December 31, 2025 and September 30, 2025, respectively. Non-performing assets to total assets were 0.55% and 0.56% at December 31, 2025 and September 30, 2025, respectively. Net loans charged-off were $2.5 million and $2.9 million for the three months ended December 31, 2025 and September 30, 2025, respectively. The charge-off detail by region for the quarters ended December 31, 2025 and September 30, 2025 can be seen below.
For the Three Months Ended December 31, 2025
(in thousands)
Texas
Arkansas
Centennial CFG
Shore Premier Finance
Florida
Alabama
Total
Charge-offs
$
600
$
1,420
$
—
$
400
$
542
$
101
$
3,063
Recoveries
(345
)
(195
)
—
(4
)
(49
)
(4
)
(597
)
Net charge-offs (recoveries)
$
255
$
1,225
$
—
$
396
$
493
$
97
$
2,466
For the Three Months Ended September 30, 2025
(in thousands)
Texas
Arkansas
Centennial CFG
Shore Premier Finance
Florida
Alabama
Total
Charge-offs
$
2,496
$
605
$
—
$
735
$
807
$
8
$
4,651
Recoveries
(1,451
)
(225
)
—
(5
)
(47
)
(3
)
(1,731
)
Net charge-offs (recoveries)
$
1,045
$
380
$
—
$
730
$
760
$
5
$
2,920
At December 31, 2025, non-performing loans were $85.0 million, and non-performing assets were $124.8 million. At September 30, 2025, non-performing loans were $85.2 million, and non-performing assets were $126.5 million.
The table below shows the non-performing loans and non-performing assets by region as of December 31, 2025:
(in thousands)
Texas
Arkansas
Centennial CFG
Shore Premier Finance
Florida
Alabama
Total
Non-accrual loans
$
24,234
$
18,234
$
787
$
10,048
$
24,645
$
54
$
78,002
Loans 90+ days past due
2,383
291
—
3,286
1,020
—
6,980
Total non-performing loans
26,617
18,525
787
13,334
25,665
54
84,982
Foreclosed assets held for sale
15,988
771
22,812
—
260
—
39,831
Total other non-performing assets
15,988
771
22,812
—
260
—
39,831
Total non-performing assets
$
42,605
$
19,296
$
23,599
$
13,334
$
25,925
$
54
$
124,813
The table below shows the non-performing loans and non-performing assets by region as September 30, 2025:
(in thousands)
Texas
Arkansas
Centennial CFG
Shore Premier Finance
Florida
Alabama
Total
Non-accrual loans
$
25,701
$
19,102
$
787
$
10,472
$
24,867
$
158
$
81,087
Loans 90+ days past due
3,167
704
—
—
254
—
4,125
Total non-performing loans
28,868
19,806
787
10,472
25,121
158
85,212
Foreclosed assets held for sale
16,711
972
22,812
—
768
—
41,263
Total other non-performing assets
16,711
972
22,812
—
768
—
41,263
Total non-performing assets
$
45,579
$
20,778
$
23,599
$
10,472
$
25,889
$
158
$
126,475
The Company's allowance for credit losses on loans was $297.6 million at December 31, 2025, or 1.90% of total loans, compared to the allowance for credit losses on loans of $285.6 million, or 1.87% of total loans, at September 30, 2025. As of December 31, 2025 and September 30, 2025, the Company's allowance for credit losses on loans was 350.17% and 335.22% of its total non-performing loans, respectively.
Shareholders' equity was $4.30 billion at December 31, 2025, which increased approximately $81.9 million from September 30, 2025. The net increase in shareholders' equity is primarily associated with the $77.0 million increase in retained earnings and the $17.2 million decrease in accumulated other comprehensive loss. This was partially offset by the $14.9 million in stock repurchases for the quarter. Book value per common share was $21.88 at December 31, 2025, compared to $21.41 at September 30, 2025. Tangible book value per common share (non-GAAP) was $14.60(1) at December 31, 2025, compared to $14.13(1) at September 30, 2025. Book value per common share, as of December 31, 2025, was a record for the Company.
Stock Repurchases and Dividends
During the three-month period ended December 31, 2025, the Company repurchased 540,706 shares of common stock, which equated to a shareholder buyback yield of 0.27%(2). In comparison, during the three-month period ended September 30, 2025, the Company repurchased 350,000 shares of common stock, which equated to a shareholder buyback yield of 0.18%(2). The Company defines shareholder buyback yield as the percentage of the Company's market capitalization spent on share repurchases. It reflects how much the Company is returning to the shareholders by reducing the number of outstanding shares, and it is calculated by dividing the Company's total share repurchase cost for the period by the Company's total market capitalization at the beginning of the period.
In addition, during the quarter ended December 31, 2025, the Company paid a dividend of $0.21 per share. This cash dividend represented a $0.01 per share, or 5.0%, increase over the $0.20 cash dividend paid during the third quarter of 2025.
Branches
The Company currently has 75 branches in Arkansas, 78 branches in Florida, 59 branches in Texas, 5 branches in Alabama and one branch in New York City.
Acquisition
The Company's previously announced acquisition of Mountain Commerce Bancshares, Inc. ("MCBI") and its bank subsidiary, Mountain Commerce Bank, is currently expected to close during the first half of 2026 and is subject to the approval of the shareholders of each company, regulatory approvals and other customary closing conditions.
Conference Call
Management will conduct a conference call to review this information at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, January 15, 2026. We strongly encourage all participants to pre-register for the conference call webcast or the live call using one of the following links. First, participants can pre-register for the conference call webcast using the following link: https://events.q4inc.com/attendee/310151620. Participants who pre-register will be given a unique webcast link to gain immediate access to the conference call webcast. Second, participants can pre-register for the live call using the following link: https://www.netroadshow.com/events/login/LE9zwo3kK6J6SjV2b5r4rf2GdIxxCyTzC0Q. Participants who pre-register will be given the phone number and unique access codes to gain immediate access to the live call. Participants may pre-register now, or at any time prior to the call, and will immediately receive simple instructions via email. The Home BancShares conference call will also be scheduled as an event in your Outlook calendar.
Those without internet access or unable to pre-register may dial in and listen to the live call by calling 1-833-470-1428, Passcode: 099220. A replay of the call will be available by calling 1-866-813-9403, Passcode: 784585, which will be available until January 22, 2026, at 10:59 p.m. CT. Internet access to the call will be available live or in recorded version on the Company's website at www.homebancshares.com.
About Home BancShares
Home BancShares, Inc. is a bank holding company headquartered in Conway, Arkansas. Its wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, Texas, South Alabama and New York City. The Company's common stock is traded through the New York Stock Exchange under the symbol "HOMB." The Company was founded in 1998. Visit www.homebancshares.com or www.my100bank.com for more information.
Non-GAAP Financial Measures
This press release contains financial information determined by methods other than in accordance with generally accepted accounting principles (GAAP). The Company's management uses these non-GAAP financial measures--including net income (earnings), as adjusted; pre-tax, pre-provision, net income (PPNR); PPNR, as adjusted; pre-tax net income, as adjusted, to total revenue (net); pre-tax, pre-provision, profit percentage; pre-tax, pre-provision, profit percentage, as adjusted; diluted earnings per common share, as adjusted; return on average assets, as adjusted; return on average assets excluding intangible amortization; return on average assets, as adjusted, excluding intangible amortization; return on average common equity, as adjusted; return on average tangible common equity; return on average tangible common equity, as adjusted; return on average tangible common equity excluding intangible amortization; return on average tangible common equity, as adjusted, excluding intangible amortization; efficiency ratio, as adjusted; tangible book value per common share and tangible common equity to tangible assets--to provide meaningful supplemental information regarding our performance. These measures typically adjust GAAP performance measures to include the tax benefit associated with revenue items that are tax-exempt, as well as adjust income available to common shareholders for certain significant items or transactions that management believes are not indicative of the Company's primary business operating results. Since the presentation of these GAAP performance measures and their impact differ between companies, management believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company's business. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables of this release.
(1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.(2) Calculation of this metric is included in the schedules accompanying this release.
General
This release contains forward-looking statements regarding the Company's plans, expectations, goals and outlook for the future, including future financial results. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future events, performance or results. When we use words or phrases like "may," "plan," "propose," "contemplate," "anticipate," "believe," "intend," "continue," "expect," "project," "predict," "estimate," "could," "should," "would" and similar expressions, you should consider them as identifying forward-looking statements, although we may use other phrasing. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risks and uncertainties. Various factors could cause actual results to differ materially from those contemplated by the forward-looking statements. These factors include, but are not limited to, the following: economic conditions, credit quality, interest rates, loan demand, real estate values and unemployment, including any future impacts from inflation or changes in tariffs or trade policies; the possibility that the proposed acquisition of MCBI does not close when expected or at all because required regulatory, shareholder or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all; the possibility that such transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the risk that the benefits from the transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Home and MCBI operate; the ability to promptly and effectively integrate the businesses of Home and MCBI; the reaction to the transaction of the companies' customers, employees and counterparties; diversion of management time on acquisition-related issues; the effect of any future mergers, acquisitions or other transactions to which we or our bank subsidiary may from time to time be a party, including as a result of one or more of the factors described above as they would relate to such transaction; the ability to identify, complete and successfully integrate additional acquisitions; the availability of and access to capital and liquidity on terms acceptable to us; legislative and regulatory changes and risks and expenses associated with current and future legislation and regulations; technological changes and cybersecurity risks and incidents; the effects of changes in accounting policies and practices; changes in governmental monetary and fiscal policies; political instability, military conflicts and other major domestic or international events; the impacts of recent or future adverse weather events, including hurricanes, and other natural disasters; disruptions, uncertainties and related effects on credit quality, liquidity and other aspects of our business and operations that may result from any future public health crises; competition from other financial institutions; potential claims, expenses and other adverse effects related to current or future litigation, regulatory examinations or other government actions; potential increases in deposit insurance assessments, increased regulatory scrutiny or market disruptions resulting from financial challenges in the banking industry; changes in the assumptions used in making the forward-looking statements; and other factors described in reports we file with the Securities and Exchange Commission (the "SEC"), including those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 27, 2025.
Additional Important Information and Where to Find It
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to the proposed business combination transaction involving Home and MCBI. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful. In connection with the proposed acquisition, Home has filed with the SEC a Registration Statement on Form S-4 (the "Registration Statement") to register the shares of Home common stock to be issued to shareholders of MCBI in connection with the transaction. The Registration Statement, when it is declared effective by the SEC, will include a Proxy Statement of MCBI and a Prospectus of Home, as well as other relevant materials regarding the proposed merger transaction involving Home and MCBI. INVESTORS AND SECURITY HOLDERS OF MCBI ARE ADVISED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE MERGER OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING THE PROPOSED MERGER TRANSACTION. Investors and security holders may obtain free copies of these documents, once they are filed, and other documents filed with the SEC on the SEC's website at http://www.sec.gov. Investors and security holders may also obtain free copies of the documents filed with the SEC by Home at Home's website at http://www.homebancshares.com, Investor Relations, or by contacting Donna Townsell, by telephone at (501) 328-4625.
Participants in Solicitation
Home and MCBI and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of MCBI in connection with the merger transaction. Information about the directors and executive officers of Home and their ownership of Home common stock is set forth in the proxy statement for Home's 2025 Annual Meeting of Shareholders, as filed with the SEC on Schedule 14A on March 7, 2025. Information about the directors and executive officers of MCBI and their ownership of MCBI common stock will be set forth in the Proxy Statement/Prospectus included in the Registration Statement. Additional information regarding the interests of those participants and other persons who may be deemed participants in the transaction may be obtained by reading the Proxy Statement/Prospectus regarding the merger transaction. Free copies of this document may be obtained as described in the preceding paragraph when it becomes available.
FOR MORE INFORMATION CONTACT:Donna TownsellDirector of Investor RelationsHome BancShares, Inc.(501) 328-4625
Home BancShares, Inc.
Consolidated End of Period Balance Sheets
(Unaudited)
(In thousands)
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
ASSETS
Cash and due from banks
$
237,224
$
284,750
$
291,344
$
319,747
$
281,063
Interest-bearing deposits with other banks
430,113
516,170
809,729
975,983
629,284
Cash and cash equivalents
667,337
800,920
1,101,073
1,295,730
910,347
Federal funds sold
3,000
3,625
2,600
6,275
3,725
Investment securities - available-for-sale, net of allowance for credit losses
2,871,931
2,924,496
2,899,968
3,003,320
3,072,639
Investment securities - held-to-maturity, net of allowance for credit losses
1,259,262
1,264,200
1,265,292
1,269,896
1,275,204
Total investment securities
4,131,193
4,188,696
4,165,260
4,273,216
4,347,843
Loans receivable
15,686,209
15,285,972
15,180,624
14,952,116
14,764,500
Allowance for credit losses
(297,583
)
(285,649
)
(281,869
)
(279,944
)
(275,880
)
Loans receivable, net
15,388,626
15,000,323
14,898,755
14,672,172
14,488,620
Bank premises and equipment, net
369,324
374,515
379,729
384,843
386,322
Foreclosed assets held for sale
39,831
41,263
41,529
39,680
43,407
Cash value of life insurance
220,469
219,075
218,113
221,621
219,786
Accrued interest receivable
108,939
110,702
107,732
115,983
120,129
Deferred tax asset, net
148,022
155,963
174,323
170,120
186,697
Goodwill
1,398,253
1,398,253
1,398,253
1,398,253
1,398,253
Core deposit intangible
32,293
34,231
36,255
38,280
40,327
Other assets
374,592
380,236
383,400
376,030
345,292
Total assets
$
22,881,879
$
22,707,802
$
22,907,022
$
22,992,203
$
22,490,748
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Deposits:
Demand and non-interest-bearing
$
3,868,405
$
3,880,101
$
4,024,574
$
4,079,289
$
4,006,115
Savings and interest-bearing transaction accounts
11,792,828
11,500,921
11,571,949
11,586,106
11,347,850
Time deposits
1,818,724
1,946,674
1,891,909
1,876,096
1,792,332
Total deposits
17,479,957
17,327,696
17,488,432
17,541,491
17,146,297
Securities sold under agreements to repurchase
155,803
145,998
140,813
161,401
162,350
FHLB and other borrowed funds
500,250
550,500
550,500
600,500
600,750
Accrued interest payable and other liabilities
169,733
189,551
203,004
207,154
181,080
Subordinated debentures
279,265
279,093
438,957
439,102
439,246
Total liabilities
18,585,008
18,492,838
18,821,706
18,949,648
18,529,723
Shareholders' equity
Common stock
1,964
1,969
1,972
1,982
1,989
Capital surplus
2,201,923
2,214,211
2,221,576
2,246,312
2,272,794
Retained earnings
2,258,871
2,181,911
2,097,712
2,018,801
1,942,350
Accumulated other comprehensive loss
(165,887
)
(183,127
)
(235,944
)
(224,540
)
(256,108
)
Total shareholders' equity
4,296,871
4,214,964
4,085,316
4,042,555
3,961,025
Total liabilities and shareholders' equity
$
22,881,879
$
22,707,802
$
22,907,022
$
22,992,203
$
22,490,748
Home BancShares, Inc.
Consolidated Statements of Income
(Unaudited)
Quarter Ended
Year Ended
(In thousands)
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Interest income:
Loans
$
285,491
$
283,165
$
276,041
$
270,784
$
278,409
$
1,115,481
$
1,100,004
Investment securities
Taxable
25,860
26,326
26,444
27,433
28,943
106,063
125,765
Tax-exempt
7,834
7,743
7,626
7,650
7,704
30,853
30,980
Deposits - other banks
4,405
6,242
8,951
6,620
7,585
26,218
42,773
Federal funds sold
41
56
53
55
73
205
255
Total interest income
323,631
323,532
319,115
312,542
322,714
1,278,820
1,299,777
Interest expense:
Interest on deposits
83,739
87,962
88,489
86,786
90,564
346,976
376,638
Federal funds purchased
—
—
—
—
—
—
1
FHLB and other borrowed funds
4,985
5,378
5,539
5,902
9,541
21,804
52,455
Securities sold under agreements to repurchase
962
1,019
1,012
1,074
1,346
4,067
5,448
Subordinated debentures
2,359
3,007
4,123
4,124
4,121
13,613
16,461
Total interest expense
92,045
97,366
99,163
97,886
105,572
386,460
451,003
Net interest income
231,586
226,166
219,952
214,656
217,142
892,360
848,774
Provision for credit losses on loans
14,400
6,700
3,000
—
16,700
24,100
48,400
Recovery of credit losses on unfunded commitments
—
(1,000
)
—
—
—
(1,000
)
—
Recovery of credit losses on investment securities
—
(2,194
)
—
—
—
(2,194
)
(330
