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Home Bancshares Inc
Strength is Still the Story at HOMB with Another Record Breaking Quarter
Business
Oct 15 2025
24 min read

Strength is Still the Story at HOMB with Another Record Breaking Quarter

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CONWAY, Ark., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) (“Home” or the “Company”), parent company of Centennial Bank, released quarterly earnings today.

 

Quarterly Highlights

 

Metric

Q3 2025

Q2 2025

Q1 2025

Q4 2024

Q3 2024

Net income

$123.6 million

$118.4 million

$115.2 million

$100.6 million

$100.0 million

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

$119.7 million

$114.6 million

$111.9 million

$99.8 million

$99.0 million

Total revenue (net)

$277.7 million

$271.0 million

$260.1 million

$258.4 million

$258.0 million

Income before income taxes

$159.3 million

$152.0 million

$147.2 million

$129.5 million

$129.1 million

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

$162.8 million

$155.0 million

$147.2 million

$146.2 million

$148.0 million

PPNR, as adjusted (non-GAAP)(1)

$157.7 million

$150.4 million

$142.8 million

$145.2 million

$146.6 million

Pre-tax net income to total revenue (net)

57.38%

56.08%

56.58%

50.11%

50.03%

Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)

55.53%

54.39%

54.91%

49.74%

49.49%

P5NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)

58.64%

57.19%

56.58%

56.57%

57.35%

P5NR, as adjusted (non-GAAP)(1)

56.80%

55.49%

54.91%

56.20%

56.81%

ROA

2.17%

2.08%

2.07%

1.77%

1.74%

ROA, as adjusted (non-GAAP)(1)

2.10%

2.02%

2.01%

1.76%

1.72%

NIM

4.56%

4.44%

4.44%

4.39%

4.28%

Purchase accounting accretion

$1.3 million

$1.2 million

$1.4 million

$1.6 million

$1.9 million

ROE

11.91%

11.77%

11.75%

10.13%

10.23%

ROE, as adjusted (non-GAAP)(1)

11.54%

11.39%

11.41%

10.05%

10.12%

ROTCE (non-GAAP)(1)

18.28%

18.26%

18.39%

15.94%

16.26%

ROTCE, as adjusted (non-GAAP)(1)

17.70%

17.68%

17.87%

15.82%

16.09%

Diluted earnings per share

$0.63

$0.60

$0.58

$0.51

$0.50

Diluted earnings per share, as adjusted (non-GAAP)(1)

$0.61

$0.58

$0.56

$0.50

$0.50

Non-performing assets to total assets

0.56%

0.60%

0.56%

0.63%

0.63%

Common equity tier 1 capital

16.1%

15.6%

15.4%

15.1%

14.7%

Leverage

13.8%

13.4%

13.3%

13.0%

12.5%

Tier 1 capital

16.1%

15.6%

15.4%

15.1%

14.7%

Total risk-based capital

18.9%

19.3%

19.1%

18.7%

18.3%

Allowance for credit losses to total loans

1.87%

1.86%

1.87%

1.87%

2.11%

Book value per share

$21.41

$20.71

$20.40

$19.92

$19.91

Tangible book value per share (non-GAAP)(1)

$14.13

$13.44

$13.15

$12.68

$12.67

Dividends per share

$0.20

$0.20

$0.195

$0.195

$0.195

Shareholder buyback yield(2)

0.18%

0.49%

0.53%

0.05%

0.56%

(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’s powerful, peer leading margins and efficiencies, coupled with strong revenues, propelled HOMB to another top tier, best in class third quarter performance,” said John Allison, Chairman.

Financial Performance Trends

The chart below illustrates Home BancShares’ consistent improvement in profitability over the past five quarters. Net income reached a record $123.6 million in Q3 2025, while net income, as adjusted (non-GAAP)(1), also set a new high at $119.7 million. This sustained upward trend reflects the Company’s strong operational performance and effective management of one-time expenses.

Net Income


The chart below demonstrates Home BancShares’ robust operational performance as measured by pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1) over the past five quarters. PPNR is a key indicator of the Company’s earnings power, as it reflects revenue generation and expense management before the impact of credit loss provisions and taxes.

PPNR

The chart below highlights Home BancShares’ strong and consistent return on average assets (ROA) over the past five quarters. ROA, a key measure of how efficiently the Company utilizes its assets to generate net income, has demonstrated a steady upward trend, reaching 2.17% in Q3 2025. This improvement reflects the Company’s disciplined approach to asset management, prudent lending practices, and ongoing focus on operational efficiency.

ROA


The chart below underscores Home BancShares’ 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.

Efficiency Ratio


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.

NIM


NIM Yields/Rates

Operating Highlights

Net income for the three-month period ended September 30, 2025 was $123.6 million, or $0.63 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 $119.7 million(1) and $0.61 per share(1), respectively, for the three months ended September 30, 2025.

The Company recorded $6.7 million in provision for credit losses on loans during the three-month period ended September 30, 2025. In addition, the Company recorded a $1.0 million recovery of credit losses on unfunded commitments. The Company also recorded a $2.2 million recovery of credit losses on investment securities. As a result, total credit loss expense for the three-month period ended September 30, 2025 was $3.5 million.

Our net interest margin was 4.56% and 4.44% for the three-month periods ended September 30, 2025 and June 30, 2025, respectively. The yield on loans was 7.39% and 7.36% for the three months ended September 30, 2025 and June 30, 2025, respectively, as average loans increased from $15.06 billion to $15.22 billion. Additionally, the rate on interest bearing deposits decreased to 2.62% as of September 30, 2025, from 2.64% as of June 30, 2025, while average interest-bearing deposits decreased from $13.43 billion to $13.32 billion.

During the third quarter of 2025, there was $1.5 million of event interest income compared to $516,000 of event interest income for the second quarter of 2025. Purchase accounting accretion on acquired loans was $1.3 million and $1.2 million for the three-month periods ended September 30, 2025 and June 30, 2025, respectively, and average purchase accounting loan discounts were $15.0 million and $16.2 million for the three-month periods ended September 30, 2025 and June 30, 2025, respectively.

Net interest income on a fully taxable equivalent basis was $229.1 million for the three-month period ended September 30, 2025, and $222.5 million for the three-month period ended June 30, 2025. This increase in net interest income for the three-month period ended September 30, 2025, was the result of a $4.8 million increase in interest income, and a $1.8 million decrease in interest expense. The $4.8 million increase in interest income was primarily the result of a $7.5 million increase in loan income. This was partially offset by a $2.7 million decrease in income from deposits with other banks. The $1.8 million decrease in interest expense was due to a $1.1 million decrease in interest expense on subordinated debt and a $527,000 decrease in interest expense on deposits. The $1.1 million decrease in interest expense on subordinated debt was a result of the Company repurchasing $20.0 million in par value of its $300.0 million Fixed-to-Floating Rate Subordinated Notes due 2032.

The Company reported $51.5 million of non-interest income for the third quarter of 2025. The most important components of non-interest income were $14.0 million from other income, $12.1 million from other service charges and fees, $10.5 million from service charges on deposit accounts, $4.7 million in mortgage lending income, $4.6 million from trust fees, $2.7 million from dividends from FHLB, FRB, FNBB and other, $1.4 million from the increase in cash value of life insurance and $1.0 million from the fair value adjustment for marketable securities. Included within other income were $2.0 million income from recoveries on historic losses, $1.9 million income from the gain on the retirement of subordinated debt, $1.8 million income from a recovery on a lawsuit and $187,000 in bank owned life insurance death benefit income.

Non-interest expense for the third quarter of 2025 was $114.8 million. The most important components of non-interest expense were $63.8 million salaries and employee benefits expense, $27.3 million in other operating expense, $14.8 million in occupancy and equipment expenses and $8.9 million in data processing expenses. For the third quarter of 2025, our efficiency ratio was 40.21%, and our efficiency ratio, as adjusted (non-GAAP), was 40.95%(1).

Financial Condition

Total loans receivable were $15.29 billion at September 30, 2025, compared to $15.18 billion at June 30, 2025. Total loans receivable of $15.29 billion were a record for the Company. Total deposits were $17.33 billion at September 30, 2025, compared to $17.49 billion at June 30, 2025. Total assets were $22.71 billion at September 30, 2025, compared to $22.91 billion at June 30, 2025.

During the third quarter of 2025, the Company had a $105.3 million increase in loans. Our community banking footprint experienced $164.8 million in organic loan growth during the quarter ended September 30, 2025, and Centennial CFG experienced $59.4 million of organic loan decline and had loans of $1.78 billion at September 30, 2025.

Non-performing loans to total loans were 0.56% and 0.63% at September 30, 2025 and June 30, 2025, respectively. Non-performing assets to total assets were 0.56% and 0.60% at September 30, 2025 and June 30, 2025, respectively. Net loans charged-off were $2.9 million and $1.1 million for the three months ended September 30, 2025 and June 30, 2025, respectively. The charge-off detail by region for the quarters ended September 30, 2025 and June 30, 2025 can be seen below.

 

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

 


For the Three Months Ended June 30, 2025

(in thousands)

 

Texas

 

Arkansas

 

Centennial
CFG

 

Shore
Premier
Finance

 

Florida

 

Alabama

 

Total

Charge-offs

 

$

2,588

 

 

$

462

 

 

$

181

 

$

582

 

 

$

245

 

 

$

13

 

 

$

4,071

 

Recoveries

 

 

(2,172

)

 

 

(223

)

 

 

 

 

(22

)

 

 

(577

)

 

 

(2

)

 

 

(2,996

)

Net (recoveries) charge-offs

 

$

416

 

 

$

239

 

 

$

181

 

$

560

 

 

$

(332

)

 

$

11

 

 

$

1,075

 


At September 30, 2025, non-performing loans were $85.2 million, and non-performing assets were $126.5 million. At June 30, 2025, non-performing loans were $96.3 million, and non-performing assets were $137.8 million.

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

(in thousands)

 

Texas

 

Arkansas

 

Centennial
CFG

 

Shore
Premier
Finance

 

Florida

 

Alabama

 

Total

Non-accrual loans

 

22,487

 

16,276

 

787

 

11,716

 

37,833

 

162

 

89,261

Loans 90+ days past due

 

3,557

 

2,341

 

 

 

1,133

 

 

7,031

Total non-performing loans

 

26,044

 

18,617

 

787

 

11,716

 

38,966

 

162

 

96,292

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreclosed assets held for sale

 

17,259

 

863

 

22,842

 

 

565

 

 

41,529

Total other non-performing assets

 

17,259

 

863

 

22,842

 

 

565

 

 

41,529

Total non-performing assets

 

43,303

 

19,480

 

23,629

 

11,716

 

39,531

 

162

 

137,821


The Company’s allowance for credit losses on loans was $285.6 million at September 30, 2025, or 1.87% of total loans, compared to the allowance for credit losses on loans of $281.9 million, or 1.86% of total loans, at June 30, 2025. As of September 30, 2025 and June 30, 2025, the Company’s allowance for credit losses on loans was 335.22% and 292.72% of its total non-performing loans, respectively.

During the third quarter of 2025, the Company completed the payoff of its $140.0 million 5.50% Fixed-to-Floating Rate Subordinated Notes due 2030. Each 2030 Note was redeemed at the redemption price of 100% of its principal amount, plus accrued and unpaid interest. In addition, the Company also repurchased $20.0 million of its $300.0 million Fixed-to-Floating Rate Subordinated Notes due 2032. The payoff and redemption activity had a negative impact to the Company’s total risk-based capital ratio of 87 basis points, including 76 basis points from the payoff of the 2030 Notes and 11 basis points from the partial redemption of the 2032 Notes.

Shareholders’ equity was $4.21 billion at September 30, 2025, which increased approximately $129.6 million from June 30, 2025. The net increase in shareholders’ equity is primarily associated with the $84.2 million increase in retained earnings and the $52.8 million decrease in accumulated other comprehensive loss. This was partially offset by the $9.9 million in stock repurchases for the quarter. Book value per common share was $21.41 at September 30, 2025, compared to $20.71 at June 30, 2025. Tangible book value per common share (non-GAAP) was $14.13(1) at September 30, 2025, compared to $13.44(1) at June 30, 2025. Book value per common share, as of September 30, 2025, was a record for the Company.

Stock Repurchases and Dividends

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). In comparison, during the three-month period ended June 30, 2025, the Company repurchased 1.0 million shares of common stock, which equated to a shareholder buyback yield of 0.49%(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, 2025, the Company paid a dividend of $0.20 per share. This cash dividend is consistent with the dividend paid during the second 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. The Company opened a new branch in San Antonio, Texas during the third quarter of 2025.

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 16, 2025. We strongly encourage all participants to pre-register for the conference call webcast or the live call using one of the following links. First, participants can pre-register for the conference call webcast using the following link: https://events.q4inc.com/attendee/934053232. 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/LE9zwo4C7j7DOGxiZMbL6kCGKNc4mh7WFOS. 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: 549176. A replay of the call will be available by calling 1-866-813-9403, Passcode: 541815, which will be available until October 23, 2025, at 11:59 p.m. CT. Internet access to the call will be available live or in recorded version on the Company's website at www.homebancshares.com.

About Home BancShares

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

Non-GAAP Financial Measures

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

(1) Calculation of this metric 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 ability to identify, complete and successfully integrate new acquisitions; the risk that expected cost savings and other benefits from acquisitions may not be fully realized or may take longer to realize than expected; diversion of management time on acquisition-related issues; the availability of and access to capital and liquidity on terms acceptable to us; legislative and regulatory changes and risks and expenses associated with current and future legislation and regulations; technological changes and cybersecurity risks and incidents; the effects of changes in accounting policies and practices; changes in governmental monetary and fiscal policies; political instability, military conflicts and other major domestic or international events; the impacts of recent or future adverse weather events, including hurricanes, and other natural disasters; disruptions, uncertainties and related effects on credit quality, liquidity and other aspects of our business and operations that may result from any future public health crises; competition from other financial institutions; potential claims, expenses and other adverse effects related to current or future litigation, regulatory examinations or other government actions; potential increases in deposit insurance assessments, increased regulatory scrutiny or market disruptions resulting from financial challenges in the banking industry; changes in the assumptions used in making the forward-looking statements; and other factors described in reports we file with the Securities and Exchange Commission (the “SEC”), including those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 27, 2025.

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

 

Home BancShares, Inc.

Consolidated End of Period Balance Sheets

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Sep. 30,
2025

 

Jun. 30,
2025

 

Mar. 31,
2025

 

Dec. 31,
2024

 

Sep. 30,
2024

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and due from banks

 

$

284,750

 

 

$

291,344

 

 

$

319,747

 

 

$

281,063

 

 

$

265,408

 

Interest-bearing deposits with other banks

 

 

516,170

 

 

 

809,729

 

 

 

975,983

 

 

 

629,284

 

 

 

752,269

 

Cash and cash equivalents

 

 

800,920

 

 

 

1,101,073

 

 

 

1,295,730

 

 

 

910,347

 

 

 

1,017,677

 

Federal funds sold

 

 

3,625

 

 

 

2,600

 

 

 

6,275

 

 

 

3,725

 

 

 

6,425

 

Investment securities - available-for-sale, net of allowance for credit losses

 

 

2,924,496

 

 

 

2,899,968

 

 

 

3,003,320

 

 

 

3,072,639

 

 

 

3,270,620

 

Investment securities - held-to-maturity, net of allowance for credit losses

 

 

1,264,200

 

 

 

1,265,292

 

 

 

1,269,896

 

 

 

1,275,204

 

 

 

1,277,090

 

Total investment securities

 

 

4,188,696

 

 

 

4,165,260

 

 

 

4,273,216

 

 

 

4,347,843

 

 

 

4,547,710

 

Loans receivable

 

 

15,285,972

 

 

 

15,180,624

 

 

 

14,952,116

 

 

 

14,764,500

 

 

 

14,823,979

 

Allowance for credit losses

 

 

(285,649

)

 

 

(281,869

)

 

 

(279,944

)

 

 

(275,880

)

 

 

(312,574

)

Loans receivable, net

 

 

15,000,323

 

 

 

14,898,755

 

 

 

14,672,172

 

 

 

14,488,620

 

 

 

14,511,405

 

Bank premises and equipment, net

 

 

374,515

 

 

 

379,729

 

 

 

384,843

 

 

 

386,322

 

 

 

388,776

 

Foreclosed assets held for sale

 

 

41,263

 

 

 

41,529

 

 

 

39,680

 

 

 

43,407

 

 

 

43,040

 

Cash value of life insurance

 

 

219,075

 

 

 

218,113

 

 

 

221,621

 

 

 

219,786

 

 

 

219,353

 

Accrued interest receivable

 

 

110,702

 

 

 

107,732

 

 

 

115,983

 

 

 

120,129

 

 

 

118,871

 

Deferred tax asset, net

 

 

155,963

 

 

 

174,323

 

 

 

170,120

 

 

 

186,697

 

 

 

176,629

 

Goodwill

 

 

1,398,253

 

 

 

1,398,253

 

 

 

1,398,253

 

 

 

1,398,253

 

 

 

1,398,253

 

Core deposit intangible

 

 

34,231

 

 

 

36,255

 

 

 

38,280

 

 

 

40,327

 

 

 

42,395

 

Other assets

 

 

380,236

 

 

 

383,400

 

 

 

376,030

 

 

 

345,292

 

 

 

352,583

 

Total assets

 

$

22,707,802

 

 

$

22,907,022

 

 

$

22,992,203

 

 

$

22,490,748

 

 

$

22,823,117

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS' EQUITY

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

Deposits:

 

 

 

 

 

 

 

 

 

 

Demand and non-interest-bearing

 

$

3,880,101

 

 

$

4,024,574

 

 

$

4,079,289

 

 

$

4,006,115

 

 

$

3,937,168

 

Savings and interest-bearing transaction accounts

 

 

11,500,921

 

 

 

11,571,949

 

 

 

11,586,106

 

 

 

11,347,850

 

 

 

10,966,426

 

Time deposits

 

 

1,946,674

 

 

 

1,891,909

 

 

 

1,876,096

 

 

 

1,792,332

 

 

 

1,802,116

 

Total deposits

 

 

17,327,696

 

 

 

17,488,432

 

 

 

17,541,491

 

 

 

17,146,297

 

 

 

16,705,710

 

Securities sold under agreements to repurchase

 

 

145,998

 

 

 

140,813

 

 

 

161,401

 

 

 

162,350

 

 

 

179,416

 

FHLB and other borrowed funds

 

 

550,500

 

 

 

550,500

 

 

 

600,500

 

 

 

600,750

 

 

 

1,300,750

 

Accrued interest payable and other liabilities

 

 

189,551

 

 

 

203,004

 

 

 

207,154

 

 

 

181,080

 

 

 

238,058

 

Subordinated debentures

 

 

279,093

 

 

 

438,957

 

 

 

439,102

 

 

 

439,246

 

 

 

439,394

 

Total liabilities

 

 

18,492,838

 

 

 

18,821,706

 

 

 

18,949,648

 

 

 

18,529,723

 

 

 

18,863,328

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders' equity

 

 

 

 

 

 

 

 

 

 

Common stock

 

 

1,969

 

 

 

1,972

 

 

 

1,982

 

 

 

1,989

 

 

 

1,989

 

Capital surplus

 

 

2,214,211

 

 

 

2,221,576

 

 

 

2,246,312

 

 

 

2,272,794

 

 

 

2,272,100

 

Retained earnings

 

 

2,181,911

 

 

 

2,097,712

 

 

 

2,018,801

 

 

 

1,942,350

 

 

 

1,880,562

 

Accumulated other comprehensive loss

 

 

(183,127

)

 

 

(235,944

)

 

 

(224,540

)

 

 

(256,108

)

 

 

(194,862

)

Total shareholders' equity

 

 

4,214,964

 

 

 

4,085,316

 

 

 

4,042,555

 

 

 

3,961,025

 

 

 

3,959,789

 

Total liabilities and shareholders' equity

 

$

22,707,802

 

 

$

22,907,022

 

 

$

22,992,203

 

 

$

22,490,748

 

 

$

22,823,117

 

 

 

 

 

 

 

 

 

 

 

 


 Home BancShares, Inc.

 Consolidated Statements of Income

 (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Quarter Ended

 

Nine Months Ended

(In thousands)

 

Sep. 30,
2025

 

Jun. 30,
2025

 

Mar. 31,
2025

 

Dec. 31,
2024

 

Sep. 30,
2024

 

Sep. 30,
2025

 

Sep. 30,
2024

Interest income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

$

283,165

 

 

$

276,041

 

 

$

270,784

 

 

$

278,409

 

 

$

281,977

 

 

$

829,990

 

 

$

821,595

 

Investment securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxable

 

 

26,326

 

 

 

26,444

 

 

 

27,433

 

 

 

28,943

 

 

 

31,006

 

 

 

80,203

 

 

 

96,822

 

Tax-exempt

 

 

7,743

 

 

 

7,626

 

 

 

7,650

 

 

 

7,704

 

 

 

7,704

 

 

 

23,019

 

 

 

23,276

 

Deposits - other banks

 

 

6,242

 

 

 

8,951

 

 

 

6,620

 

 

 

7,585

 

 

 

12,096

 

 

 

21,813

 

 

 

35,188

 

Federal funds sold

 

 

56

 

 

 

53

 

 

 

55

 

 

 

73

 

 

 

62

 

 

 

164

 

 

 

182

 

Total interest income

 

 

323,532

 

 

 

319,115

 

 

 

312,542

 

 

 

322,714

 

 

 

332,845

 

 

 

955,189

 

 

 

977,063

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on deposits

 

 

87,962

 

 

 

88,489

 

 

 

86,786

 

 

 

90,564

 

 

 

97,785

 

 

 

263,237

 

 

 

286,074

 

Federal funds purchased

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

 

 

 

1

 

FHLB and other borrowed funds

 

 

5,378

 

 

 

5,539

 

 

 

5,902

 

 

 

9,541

 

 

 

14,383

 

 

 

16,819

 

 

 

42,914

 

Securities sold under agreements to repurchase

 

 

1,019

 

 

 

1,012

 

 

 

1,074

 

 

 

1,346

 

 

 

1,335

 

 

 

3,105

 

 

 

4,102

 

Subordinated debentures

 

 

3,007

 

 

 

4,123

 

 

 

4,124

 

 

 

4,121

 

 

 

4,121

 

 

 

11,254

 

 

 

12,340

 

Total interest expense

 

 

97,366

 

 

 

99,163

 

 

 

97,886

 

 

 

105,572

 

 

 

117,625

 

 

 

294,415

 

 

 

345,431

 

Net interest income

 

 

226,166

 

 

 

219,952

 

 

 

214,656

 

 

 

217,142

 

 

 

215,220

 

 

 

660,774

 

 

 

631,632

 

Provision for credit losses on loans

 

 

6,700

 

 

 

3,000

 

 

 

 

 

 

16,700

 

 

 

18,200

 

 

 

9,700

 

 

 

31,700

 

(Recovery of) provision for credit losses on unfunded commitments

 

 

(1,000

)

 

 

 

 

 

 

 

 

 

 

 

1,000

 

 

 

(1,000

)

 

 

 

Recovery of credit losses on investment securities

 

 

(2,194

)

 

 

 

 

 

 

 

 

 

 

 

(330

)

 

 

(2,194

)

 

 

(330

)

Total credit loss expense

 

 

3,506

 

 

 

3,000

 

 

 

 

 

 

16,700

 

 

 

18,870

 

 

 

6,506

 

 

 

31,370

 

Net interest income after credit loss expense

 

 

222,660

 

 

 

216,952

 

 

 

214,656

 

 

 

200,442

 

 

 

196,350

 

 

 

654,268

 

 

 

600,262

 

Non-interest income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

 

10,486

 

 

 

9,552

 

 

 

9,650

 

 

 

9,935

 

 

 

9,888

 

 

 

29,688

 

 

 

29,288

 

Other service charges and fees

 

 

12,130

 

 

 

12,643

 

 

 

10,689

 

 

 

11,651

 

 

 

10,490

 

 

 

35,462

 

 

 

31,358

 

Trust fees

 

 

4,600

 

 

 

5,234

 

 

 

4,760

 

 

 

4,526

 

 

 

4,403

 

 

 

14,594

 

 

 

14,191

 

Mortgage lending income

 

 

4,691

 

 

 

4,780

 

 

 

3,599

 

 

 

3,518

 

 

 

4,437

 

 

 

13,070

 

 

 

12,271

 

Insurance commissions

 

 

574

 

 

 

589

 

 

 

535

 

 

 

483

 

 

 

595

 

 

 

1,698

 

 

 

1,668

 

Increase in cash value of life insurance

 

 

1,404

 

 

 

1,415

 

 

 

1,842

 

 

 

1,215

 

 

 

1,161

 

 

 

4,661

 

 

 

3,635

 

Dividends from FHLB, FRB, FNBB & other

 

 

2,658

 

 

 

2,657

 

 

 

2,718

 

 

 

2,820

 

 

 

2,637

 

 

 

8,033

 

 

 

8,642

 

Gain on SBA loans

 

 

46

 

 

 

 

 

 

288

 

 

 

218

 

 

 

145

 

 

 

334

 

 

 

399

 

(Loss) gain on branches, equipment and other assets, net

 

 

(66

)

 

 

972

 

 

 

(163

)

 

 

26

 

 

 

32

 

 

 

743

 

 

 

2,076

 

(Loss) gain on OREO, net

 

 

(1

)

 

 

13

 

 

 

(376

)

 

 

(2,423

)

 

 

85

 

 

 

(364

)

 

 

151

 

Fair value adjustment for marketable securities

 

 

1,020

 

 

 

(238

)

 

 

442

 

 

 

850

 

 

 

1,392

 

 

 

1,224

 

 

 

2,121

 

Other income

 

 

13,963

 

 

 

13,462

 

 

 

11,442

 

 

 

8,403

 

 

 

7,514

 

 

 

38,867

 

 

 

21,552

 

Total non-interest income

 

 

51,505

 

 

 

51,079

 

 

 

45,426

 

 

 

41,222

 

 

 

42,779

 

 

 

148,010

 

 

 

127,352

 

Non-interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Salaries and employee benefits

 

 

63,804

 

 

 

64,318

 

 

 

61,855

 

 

 

60,824

 

 

 

58,861

 

 

 

189,977

 

 

 

180,198

 

Occupancy and equipment

 

 

14,828

 

 

 

14,023

 

 

 

14,425

 

 

 

14,526

 

 

 

14,546

 

 

 

43,276

 

 

 

43,505

 

Data processing expense

 

 

8,871

 

 

 

8,364

 

 

 

8,558

 

 

 

9,324

 

 

 

9,088

 

 

 

25,793

 

 

 

27,170

 

Other operating expenses

 

 

27,335

 

 

 

29,335

 

 

 

28,090

 

 

 

27,536

 

 

 

27,550

 

 

 

84,760

 

 

 

83,853

 

Total non-interest expense

 

 

114,838

 

 

 

116,040

 

 

 

112,928

 

 

 

112,210

 

 

 

110,045

 

 

 

343,806

 

 

 

334,726

 

Income before income taxes

 

 

159,327

 

 

 

151,991

 

 

 

147,154

 

 

 

129,454

 

 

 

129,084

 

 

 

458,472

 

 

 

392,888

 

Income tax expense

 

 

35,723

 

 

 

33,588

 

 

 

31,945

 

 

 

28,890

 

 

 

29,046

 

 

 

101,256

 

 

 

91,211

 

Net income

 

$

123,604

 

 

$

118,403

 

 

$

115,209

 

 

$

100,564

 

 

$

100,038

 

 

$

357,216

 

 

$

301,677

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Home BancShares, Inc.

Selected Financial Information

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Nine Months Ended

(Dollars and shares in thousands, except per share data)

 

Sep. 30,
2025

 

Jun. 30,
2025

 

Mar. 31,
2025

 

Dec. 31,
2024

 

Sep. 30,
2024

 

Sep. 30,
2025

 

Sep. 30,
2024

PER SHARE DATA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$

0.63

 

 

$

0.60

 

 

$

0.58

 

 

$

0.51

 

 

$

0.50

 

 

$

1.80

 

 

$

1.51

 

Diluted earnings per common share, as adjusted (non-GAAP)(1)

 

 

0.61

 

 

 

0.58

 

 

 

0.56

 

 

 

0.50

 

 

 

0.50

 

 

 

1.75

 

 

 

1.51

 

Basic earnings per common share

 

 

0.63

 

 

 

0.60

 

 

 

0.58

 

 

 

0.51

 

 

 

0.50

 

 

 

1.81

 

 

 

1.51

 

Dividends per share - common

 

 

0.20

 

 

 

0.20

 

 

 

0.195

 

 

 

0.195

 

 

 

0.195

 

 

 

0.595

 

 

 

0.555

 

Shareholder buyback yield(2)

 

 

0.18

%

 

 

0.49

%

 

 

0.53

%

 

 

0.05

%

 

 

0.56

%

 

 

1.19

%

 

 

1.64

%

Book value per common share

 

$

21.41

 

 

$

20.71

 

 

$

20.40

 

 

$

19.92

 

 

$

19.91

 

 

$

21.41

 

 

$

19.91

 

Tangible book value per common share (non-GAAP)(1)

 

 

14.13

 

 

 

13.44

 

 

 

13.15

 

 

 

12.68

 

 

 

12.67

 

 

 

14.13

 

 

 

12.67

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STOCK INFORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average common shares outstanding

 

 

197,078

 

 

 

197,532

 

 

 

198,657

 

 

 

198,863

 

 

 

199,380

 

 

 

197,750

 

 

 

200,300

 

Average diluted shares outstanding

 

 

197,288

 

 

 

197,765

 

 

 

198,852

 

 

 

198,973

 

 

 

199,461

 

 

 

197,952

 

 

 

200,430

 

End of period common shares outstanding

 

 

196,889

 

 

 

197,239

 

 

 

198,206

 

 

 

198,882

 

 

 

198,879

 

 

 

196,889

 

 

 

198,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ANNUALIZED PERFORMANCE METRICS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Return on average assets (ROA)

 

 

2.17

%

 

 

2.08

%

 

 

2.07

%

 

 

1.77

%

 

 

1.74

%

 

 

2.11

%

 

 

1.77

%

Return on average assets, as adjusted: (ROA, as adjusted) (non-GAAP)(1)

 

 

2.10

%

 

 

2.02

%

 

 

2.01

%

 

 

1.76

%

 

 

1.72

%

 

 

2.04

%

 

 

1.77

%

Return on average assets excluding intangible amortization (non-GAAP)(1)

 

 

2.34

%

 

 

2.25

%

 

 

2.24

%

 

 

1.92

%

 

 

1.88

%

 

 

2.28

%

 

 

1.92

%

Return on average assets, as adjusted, excluding intangible amortization (non-GAAP)(1)

 

 

2.27

%

 

 

2.18

%

 

 

2.18

%

 

 

1.91

%

 

 

1.86

%

 

 

2.21

%

 

 

1.92

%

Return on average common equity (ROE)

 

 

11.91

%

 

 

11.77

%

 

 

11.75

%

 

 

10.13

%

 

 

10.23

%

 

 

11.81

%

 

 

10.53

%

Return on average common equity, as adjusted: (ROE, as adjusted) (non-GAAP)(1)

 

 

11.54

%

 

 

11.39

%

 

 

11.41

%

 

 

10.05

%

 

 

10.12

%

 

 

11.45

%

 

 

10.55

%

Return on average tangible common equity (ROTCE) (non-GAAP)(1)

 

 

18.28

%

 

 

18.26

%

 

 

18.39

%

 

 

15.94

%

 

 

16.26

%

 

 

18.31

%

 

 

16.91

%

Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) (non-GAAP)(1)

 

 

17.70

%

 

 

17.68

%

 

 

17.87

%

 

 

15.82

%

 

 

16.09

%

 

 

17.75

%

 

 

16.94

%

Return on average tangible common equity excluding intangible amortization (non-GAAP)(1)

 

 

18.51

%

 

 

18.50

%

 

 

18.64

%

 

 

16.18

%

 

 

16.51

%

 

 

18.55

%

 

 

17.18

%

Return on average tangible common equity, as adjusted, excluding intangible amortization (non-GAAP)(1)

 

 

17.93

%

 

 

17.92

%

 

 

18.12

%

 

 

16.07

%

 

 

16.34

%

 

 

17.98

%

 

 

17.20

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

(2) Calculation of this metric is included in the schedules accompanying this release.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Home BancShares, Inc.

Selected Financial Information

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Nine Months Ended

(Dollars in thousands)

 

Sep. 30,
2025

 

Jun. 30,
2025

 

Mar. 31,
2025

 

Dec. 31,
2024

 

Sep. 30,
2024

 

Sep. 30,
2025

 

Sep. 30,
2024

Efficiency ratio

 

 

40.21

%

 

 

41.68

%

 

 

42.22

%

 

 

42.24

%

 

 

41.42

%

 

 

41.35

%

 

 

42.91

%

Efficiency ratio, as adjusted (non-GAAP)(1)

 

 

40.95

%

 

 

42.01

%

 

 

42.84

%

 

 

42.00

%

 

 

41.66

%

 

 

41.91

%

 

 

42.87

%

Net interest margin - FTE (NIM)

 

 

4.56

%

 

 

4.44

%

 

 

4.44

%

 

 

4.39

%

 

 

4.28

%

 

 

4.48

%

 

 

4.23

%

Fully taxable equivalent adjustment

 

$

2,916

 

 

$

2,526

 

 

$

2,534

 

 

$

2,398

 

 

$

2,616

 

 

$

7,976

 

 

$

6,136

 

Total revenue (net)

 

 

277,671

 

 

 

271,031

 

 

 

260,082

 

 

 

258,364

 

 

 

257,999

 

 

 

808,784

 

 

 

758,984

 

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

 

 

162,833

 

 

 

154,991

 

 

 

147,154

 

 

 

146,154

 

 

 

147,954

 

 

 

464,978

 

 

 

424,258

 

PPNR, as adjusted (non-GAAP)(1)

 

 

157,704

 

 

 

150,404

 

 

 

142,821

 

 

 

145,209

 

 

 

146,562

 

 

 

450,929

 

 

 

422,176

 

Pre-tax net income to total revenue (net)

 

 

57.38

%

 

 

56.08

%

 

 

56.58

%

 

 

50.11

%

 

 

50.03

%

 

 

56.69

%

 

 

51.76

%

Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)

 

 

55.53

%

 

 

54.39

%

 

 

54.91

%

 

 

49.74

%

 

 

49.49

%

 

 

54.95

%

 

 

51.49

%

P5NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)

 

 

58.64

%

 

 

57.19

%

 

 

56.58

%

 

 

56.57

%

 

 

57.35

%

 

 

57.49

%

 

 

55.90

%

P5NR, as adjusted (non-GAAP)(1)

 

 

56.80

%

 

 

55.49

%

 

 

54.91

%

 

 

56.20

%

 

 

56.81

%

 

 

55.75

%

 

 

55.62

%

Total purchase accounting accretion

 

$

1,272

 

 

$

1,233

 

 

$

1,378

 

 

$

1,610

 

 

$

1,878

 

 

$

3,883

 

 

$

6,523

 

Average purchase accounting loan discounts

 

 

15,009

 

 

 

16,219

 

 

 

17,493

 

 

 

19,090

 

 

 

20,832

 

 

 

16,257

 

 

 

22,813

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER OPERATING EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advertising

 

$

2,149

 

 

$

2,054

 

 

$

1,928

 

 

$

1,941

 

 

$

1,810

 

 

$

6,131

 

 

$

5,156

 

Amortization of intangibles

 

 

2,024

 

 

 

2,025

 

 

 

2,047

 

 

 

2,068

 

 

 

2,095

 

 

 

6,096

 

 

 

6,375

 

Electronic banking expense

 

 

3,357

 

 

 

3,172

 

 

 

3,055

 

 

 

3,307

 

 

 

3,569

 

 

 

9,584

 

 

 

10,137

 

Directors' fees

 

 

405

 

 

 

431

 

 

 

452

 

 

 

356

 

 

 

362

 

 

 

1,288

 

 

 

1,283

 

Due from bank service charges

 

 

404

 

 

 

283

 

 

 

281

 

 

 

271

 

 

 

302

 

 

 

968

 

 

 

860

 

FDIC and state assessment

 

 

3,245

 

 

 

1,636

 

 

 

3,387

 

 

 

3,216

 

 

 

3,360

 

 

 

8,268

 

 

 

12,172

 

Insurance

 

 

1,110

 

 

 

1,049

 

 

 

999

 

 

 

900

 

 

 

926

 

 

 

3,158

 

 

 

2,734

 

Legal and accounting

 

 

1,061

 

 

 

2,360

 

 

 

3,641

 

 

 

2,361

 

 

 

1,902

 

 

 

7,062

 

 

 

6,600

 

Other professional fees

 

 

2,083

 

 

 

2,211

 

 

 

1,947

 

 

 

1,736

 

 

 

2,062

 

 

 

6,241

 

 

 

6,406

 

Operating supplies

 

 

773

 

 

 

711

 

 

 

711

 

 

 

711

 

 

 

673

 

 

 

2,195

 

 

 

1,969

 

Postage

 

 

538

 

 

 

488

 

 

 

503

 

 

 

518

 

 

 

522

 

 

 

1,529

 

 

 

1,542

 

Telephone

 

 

367

 

 

 

419

 

 

 

436

 

 

 

438

 

 

 

455

 

 

 

1,222

 

 

 

1,369

 

Other expense

 

 

9,819

 

 

 

12,496

 

 

 

8,703

 

 

 

9,713

 

 

 

9,512

 

 

 

31,018

 

 

 

27,250

 

Total other operating expenses

 

$

27,335

 

 

$

29,335

 

 

$

28,090

 

 

$

27,536

 

 

$

27,550

 

 

$

84,760

 

 

$

83,853

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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,
2025

 

Jun. 30,
2025

 

Mar. 31,
2025

 

Dec. 31,
2024

 

Sep. 30,
2024

BALANCE SHEET RATIOS

 

 

 

 

 

 

 

 

 

 

Total loans to total deposits

 

 

88.22

%

 

 

86.80

%

 

 

85.24

%

 

 

86.11

%

 

 

88.74

%

Common equity to assets

 

 

18.56

%

 

 

17.83

%

 

 

17.58

%

 

 

17.61

%

 

 

17.35

%

Tangible common equity to tangible assets (non-GAAP)(1)

 

 

13.08

%

 

 

12.35

%

 

 

12.09

%

 

 

11.98

%

 

 

11.78

%

 

 

 

 

 

 

 

 

.

 

 

LOANS RECEIVABLE

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

Commercial real estate loans

 

 

 

 

 

 

 

 

 

 

Non-farm/non-residential

 

$

5,494,492

 

 

$

5,553,182

 

 

$

5,588,681

 

 

$

5,426,780

 

 

$

5,496,536

 

Construction/land development

 

 

2,709,197

 

 

 

2,695,561

 

 

 

2,735,760

 

 

 

2,736,214

 

 

 

2,741,419

 

Agricultural

 

 

331,301

 

 

 

315,926

 

 

 

335,437

 

 

 

336,993

 

 

 

335,965

 

Residential real estate loans

 

 

 

 

 

 

 

 

 

 

Residential 1-4 family

 

 

2,142,375

 

 

 

2,138,990

 

 

 

1,947,872

 

 

 

1,956,489

 

 

 

1,932,352

 

Multifamily residential

 

 

716,595

 

 

 

620,439

 

 

 

576,089

 

 

 

496,484

 

 

 

482,648

 

Total real estate

 

 

11,393,960

 

 

 

11,324,098

 

 

 

11,183,839

 

 

 

10,952,960

 

 

 

10,988,920

 

Consumer

 

 

1,233,523

 

 

 

1,218,834

 

 

 

1,227,745

 

 

 

1,234,361

 

 

 

1,219,197

 

Commercial and industrial

 

 

2,100,268

 

 

 

2,107,326

 

 

 

2,045,036

 

 

 

2,022,775

 

 

 

2,084,667

 

Agricultural

 

 

346,167

 

 

 

323,457

 

 

 

314,323

 

 

 

367,251

 

 

 

352,963

 

Other

 

 

212,054

 

 

 

206,909

 

 

 

181,173

 

 

 

187,153

 

 

 

178,232

 

Loans receivable

 

$

15,285,972

 

 

$

15,180,624

 

 

$

14,952,116

 

 

$

14,764,500

 

 

$

14,823,979

 

 

 

 

 

 

 

 

 

 

 

 

ALLOWANCE FOR CREDIT LOSSES

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

281,869

 

 

$

279,944

 

 

$

275,880

 

 

$

312,574

 

 

$

295,856

 

Loans charged off

 

 

4,651

 

 

 

4,071

 

 

 

3,458

 

 

 

53,959

 

 

 

2,001

 

Recoveries of loans previously charged off

 

 

1,731

 

 

 

2,996

 

 

 

7,522

 

 

 

565

 

 

 

519

 

Net loans charged off (recovered)

 

 

2,920

 

 

 

1,075

 

 

 

(4,064

)

 

 

53,394

 

 

 

1,482

 

Provision for credit losses - loans

 

 

6,700

 

 

 

3,000

 

 

 

 

 

 

16,700

 

 

 

18,200

 

Balance, end of period

 

$

285,649

 

 

$

281,869

 

 

$

279,944

 

 

$

275,880

 

 

$

312,574

 

 

 

 

 

 

 

 

 

 

 

 

Net charge-offs (recoveries) to average total loans

 

 

0.08

%

 

 

0.03

%

 

 

(0.11

)%

 

 

1.44

%

 

 

0.04

%

Allowance for credit losses to total loans

 

 

1.87

%

 

 

1.86

%

 

 

1.87

%

 

 

1.87

%

 

 

2.11

%

 

 

 

 

 

 

 

 

 

 

 

NON-PERFORMING ASSETS

 

 

 

 

 

 

 

 

 

 

Non-performing loans

 

 

 

 

 

 

 

 

 

 

Non-accrual loans

 

$

81,087

 

 

$

89,261

 

 

$

86,383

 

 

$

93,853

 

 

$

95,747

 

Loans past due 90 days or more

 

 

4,125

 

 

 

7,031

 

 

 

3,264

 

 

 

5,034

 

 

 

5,356

 

Total non-performing loans

 

 

85,212

 

 

 

96,292

 

 

 

89,647

 

 

 

98,887

 

 

 

101,103

 

Other non-performing assets

 

 

 

 

 

 

 

 

 

 

Foreclosed assets held for sale, net

 

 

41,263

 

 

 

41,529

 

 

 

39,680

 

 

 

43,407

 

 

 

43,040

 

Other non-performing assets

 

 

 

 

 

 

 

 

63

 

 

 

63

 

 

 

63

 

Total other non-performing assets

 

 

41,263

 

 

 

41,529

 

 

 

39,743

 

 

 

43,470

 

 

 

43,103

 

Total non-performing assets

 

$

126,475

 

 

$

137,821

 

 

$

129,390

 

 

$

142,357

 

 

$

144,206

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses for loans to non-performing loans

 

 

335.22

%

 

 

292.72

%

 

 

312.27

%

 

 

278.99

%

 

 

309.16

%

Non-performing loans to total loans

 

 

0.56

%

 

 

0.63

%

 

 

0.60

%

 

 

0.67

%

 

 

0.68

%

Non-performing assets to total assets

 

 

0.56

%

 

 

0.60

%

 

 

0.56

%

 

 

0.63

%

 

 

0.63

%

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 


Home BancShares, Inc.

Consolidated Net Interest Margin

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

September 30, 2025

 

June 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

 

$

567,617

 

$

6,242

 

4.36

%

 

$

813,833

 

$

8,951

 

4.41

%

Federal funds sold

 

 

5,142

 

 

56

 

4.32

%

 

 

4,878

 

 

53

 

4.36

%

Investment securities - taxable

 

 

3,039,247

 

 

26,326

 

3.44

%

 

 

3,095,764

 

 

26,444

 

3.43

%

Investment securities - non-taxable - FTE

 

 

1,115,834

 

 

10,201

 

3.63

%

 

 

1,113,044

 

 

10,033

 

3.62

%

Loans receivable - FTE

 

 

15,216,448

 

 

283,623

 

7.39

%

 

 

15,055,414

 

 

276,160

 

7.36

%

Total interest-earning assets

 

 

19,944,288

 

 

326,448

 

6.49

%

 

 

20,082,933

 

 

321,641

 

6.42

%

Non-earning assets

 

 

2,694,650

 

 

 

 

 

 

2,714,805

 

 

 

 

Total assets

 

$

22,638,938

 

 

 

 

 

$

22,797,738

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS' EQUITY

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Interest-bearing liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Savings and interest-bearing transaction accounts

 

$

11,408,316

 

$

70,406

 

2.45

%

 

$

11,541,641

 

$

71,042

 

2.47

%

Time deposits

 

 

1,911,703

 

 

17,556

 

3.64

%

 

 

1,886,147

 

 

17,447

 

3.71

%

Total interest-bearing deposits

 

 

13,320,019

 

 

87,962

 

2.62

%

 

 

13,427,788

 

 

88,489

 

2.64

%

Federal funds purchased

 

 

11

 

 

 

%

 

 

46

 

 

 

%

Securities sold under agreement to repurchase

 

145,883

 

 

1,019

 

2.77

%

 

 

143,752

 

 

1,012

 

2.82

%

FHLB and other borrowed funds

 

 

550,501

 

 

5,378

 

3.88

%

 

 

566,984

 

 

5,539

 

3.92

%

Subordinated debentures

 

 

338,757

 

 

3,007

 

3.52

%

 

 

439,027

 

 

4,123

 

3.77

%

Total interest-bearing liabilities

 

 

14,355,171

 

 

97,366

 

2.69

%

 

 

14,577,597

 

 

99,163

 

2.73

%

Non-interest bearing liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest bearing deposits

 

 

3,956,826

 

 

 

 

 

 

3,981,901

 

 

 

 

Other liabilities

 

 

211,057

 

 

 

 

 

 

202,085

 

 

 

 

Total liabilities

 

 

18,523,054

 

 

 

 

 

 

18,761,583

 

 

 

 

Shareholders' equity

 

 

4,115,884

 

 

 

 

 

 

4,036,155

 

 

 

 

Total liabilities and shareholders' equity

 

$

22,638,938

 

 

 

 

 

$

22,797,738

 

 

 

 

Net interest spread

 

 

 

 

 

3.80

%

 

 

 

 

 

3.69

%

Net interest income and margin - FTE

 

 

 

$

229,082

 

4.56

%

 

 

 

$

222,478

 

4.44

%

 

 

 

 

 

 

 

 

 

 

 

 

 


Home BancShares, Inc.

Consolidated Net Interest Margin

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30, 2025

 

September 30, 2024

(Dollars in thousands)

 

Average
Balance

 

Income/
Expense

 

Yield/
Rate

 

Average
Balance

 

Income/
Expense

 

Yield/
Rate

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

Earning assets

 

 

 

 

 

 

 

 

 

 

 

 

Interest-bearing balances due from banks

 

$

664,308

 

$

21,813

 

4.39

%

 

$

878,368

 

$

35,188

 

5.35

%

Federal funds sold

 

 

5,037

 

 

164

 

4.35

%

 

 

4,688

 

 

182

 

5.19

%

Investment securities - taxable

 

 

3,104,254

 

 

80,203

 

3.45

%

 

 

3,436,874

 

 

96,822

 

3.76

%

Investment securities - non-taxable - FTE

 

 

1,121,481

 

 

30,294

 

3.61

%

 

 

1,202,003

 

 

29,077

 

3.23

%

Loans receivable - FTE

 

 

15,056,440

 

 

830,691

 

7.38

%

 

 

14,633,382

 

 

821,930

 

7.50

%

Total interest-earning assets

 

 

19,951,520

 

 

963,165

 

6.45

%

 

 

20,155,315

 

 

983,199

 

6.52

%

Non-earning assets

 

 

2,710,647

 

 

 

 

 

 

2,662,627

 

 

 

 

Total assets

 

$

22,662,167

 

 

 

 

 

$

22,817,942

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS' EQUITY

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Interest-bearing liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Savings and interest-bearing transaction accounts

 

$

11,450,902

 

$

211,120

 

2.47

%

 

$

11,084,397

 

$

232,757

 

2.80

%

Time deposits

 

 

1,866,855

 

 

52,117

 

3.73

%

 

 

1,729,400

 

 

53,317

 

4.12

%

Total interest-bearing deposits

 

 

13,317,757

 

 

263,237

 

2.64

%

 

 

12,813,797

 

 

286,074

 

2.98

%

Federal funds purchased

 

 

19

 

 

 

%

 

 

26

 

 

1

 

5.14

%

Securities sold under agreement to repurchase

 

148,462

 

 

3,105

 

2.80

%

 

 

163,013

 

 

4,102

 

3.36

%

FHLB and other borrowed funds

 

 

572,538

 

 

16,819

 

3.93

%

 

 

1,301,005

 

 

42,914

 

4.41

%

Subordinated debentures

 

 

405,285

 

 

11,254

 

3.71

%

 

 

439,613

 

 

12,340

 

3.75

%

Total interest-bearing liabilities

 

 

14,444,061

 

 

294,415

 

2.73

%

 

 

14,717,454

 

 

345,431

 

3.14

%

Non-interest bearing liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest bearing deposits

 

 

3,973,135

 

 

 

 

 

 

4,031,447

 

 

 

 

Other liabilities

 

 

201,228

 

 

 

 

 

 

242,422

 

 

 

 

Total liabilities

 

 

18,618,424

 

 

 

 

 

 

18,991,323

 

 

 

 

Shareholders' equity

 

 

4,043,743

 

 

 

 

 

 

3,826,619

 

 

 

 

Total liabilities and shareholders' equity

 

$

22,662,167

 

 

 

 

 

$

22,817,942

 

 

 

 

Net interest spread

 

 

 

 

 

3.72

%

 

 

 

 

 

3.38

%

Net interest income and margin - FTE

 

 

 

$

668,750

 

4.48

%

 

 

 

$

637,768

 

4.23

%

 

 

 

 

 

 

 

 

 

 

 

 

 



Home BancShares, Inc.

Non-GAAP Reconciliations

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Nine Months Ended

(Dollars and shares in thousands, except per share data)

 

Sep. 30,
2025

 

Jun. 30,
2025

 

Mar. 31,
2025

 

Dec. 31,
2024

 

Sep. 30,
2024

 

Sep. 30,
2025

 

Sep. 30,
2024

EARNINGS, AS ADJUSTED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP net income available to common shareholders (A)

 

$

123,604

 

 

$

118,403

 

 

$

115,209

 

 

$

100,564

 

 

$

100,038

 

 

$

357,216

 

 

$

301,677

 

Pre-tax adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on retirement of subordinated debt

 

 

(1,882

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,882

)

 

 

 

FDIC special assessment

 

 

 

 

 

(1,516

)

 

 

 

 

 

 

 

 

 

 

 

(1,516

)

 

 

2,260

 

BOLI death benefits

 

 

(187

)

 

 

(1,243

)

 

 

 

 

 

(95

)

 

 

 

 

 

(1,430

)

 

 

(162

)

Gain on sale of premises and equipment

 

 

 

 

 

(983

)

 

 

 

 

 

 

 

 

 

 

 

(983

)

 

 

(2,059

)

Fair value adjustment for marketable securities

 

 

(1,020

)

 

 

238

 

 

 

(442

)

 

 

(850

)

 

 

(1,392

)

 

 

(1,224

)

 

 

(2,121

)

Special income from equity investment

 

 

 

 

 

(3,498

)

 

 

(3,891

)

 

 

 

 

 

 

 

 

(7,389

)

 

 

 

Legal fee reimbursement

 

 

 

 

 

(885

)

 

 

 

 

 

 

 

 

 

 

 

(885

)

 

 

 

Legal claims expense

 

 

 

 

 

3,300

 

 

 

 

 

 

 

 

 

 

 

 

3,300

 

 

 

 

Recoveries on historic losses

 

 

(2,040

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2,040

)

 

 

 

Total pre-tax adjustments

 

 

(5,129

)

 

 

(4,587

)

 

 

(4,333

)

 

 

(945

)

 

 

(1,392

)

 

 

(14,049

)

 

 

(2,082

)

Tax-effect of adjustments

 

 

(1,207

)

 

 

(817

)

 

 

(1,059

)

 

 

(208

)

 

 

(348

)

 

 

(3,083

)

 

 

(480

)

Deferred tax asset write-down

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,030

 

Total adjustments after-tax (B)

 

 

(3,922

)

 

 

(3,770

)

 

 

(3,274

)

 

 

(737

)

 

 

(1,044

)

 

 

(10,966

)

 

 

428

 

Earnings, as adjusted (C)

 

$

119,682

 

 

$

114,633

 

 

$

111,935

 

 

$

99,827

 

 

$

98,994

 

 

$

346,250

 

 

$

302,105

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average diluted shares outstanding (D)

 

 

197,288

 

 

 

197,765

 

 

 

198,852

 

 

 

198,973

 

 

 

199,461

 

 

 

197,952

 

 

 

200,430

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP diluted earnings per share: (A/D)

 

$

0.63

 

 

$

0.60

 

 

$

0.58

 

 

$

0.51

 

 

$

0.50

 

 

$

1.80

 

 

$

1.51

 

Adjustments after-tax: (B/D)

 

 

(0.02

)

 

 

(0.02

)

 

 

(0.02

)

 

 

(0.01

)

 

 

0.00

 

 

 

(0.05

)

 

 

0.00

 

Diluted earnings per common share, as adjusted: (C/D)

 

$

0.61

 

 

$

0.58

 

 

$

0.56

 

 

$

0.50

 

 

$

0.50

 

 

$

1.75

 

 

$

1.51

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ANNUALIZED RETURN ON AVERAGE ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Return on average assets: (A/E)

 

 

2.17

%

 

 

2.08

%

 

 

2.07

%

 

 

1.77

%

 

 

1.74

%

 

 

2.11

%

 

 

1.77

%

Return on average assets, as adjusted: (ROA, as adjusted) ((A+D)/E)

 

 

2.10

%

 

 

2.02

%

 

 

2.01

%

 

 

1.76

%

 

 

1.72

%

 

 

2.04

%

 

 

1.77

%

Return on average assets excluding intangible amortization: ((A+C)/(E-F))

 

 

2.34

%

 

 

2.25

%

 

 

2.24

%

 

 

1.92

%

 

 

1.88

%

 

 

2.28

%

 

 

1.92

%

Return on average assets, as adjusted, excluding intangible amortization: ((A+C+D)/(E-F))

 

 

2.27

%

 

 

2.18

%

 

 

2.18

%

 

 

1.91

%

 

 

1.86

%

 

 

2.21

%

 

 

1.92

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP net income available to common shareholders (A)

 

$

123,604

 

 

$

118,403

 

 

$

115,209

 

 

$

100,564

 

 

$

100,038

 

 

$

357,216

 

 

$

301,677

 

Amortization of intangibles (B)

 

 

2,024

 

 

 

2,025

 

 

 

2,047

 

 

 

2,068

 

 

 

2,095

 

 

 

6,096

 

 

 

6,375

 

Amortization of intangibles after-tax (C)

 

 

1,529

 

 

 

1,530

 

 

 

1,547

 

 

 

1,563

 

 

 

1,572

 

 

 

4,607

 

 

 

4,782

 

Adjustments after-tax (D)

 

 

(3,922

)

 

 

(3,770

)

 

 

(3,274

)

 

 

(737

)

 

 

(1,044

)

 

 

(10,966

)

 

 

428

 

Average assets (E)

 

 

22,638,938

 

 

 

22,797,738

 

 

 

22,548,835

 

 

 

22,565,077

 

 

 

22,893,784

 

 

 

22,662,167

 

 

 

22,817,942

 

Average goodwill & core deposit intangible (F)

 

 

1,433,474

 

 

 

1,435,480

 

 

 

1,437,515

 

 

 

1,439,566

 

 

 

1,441,654

 

 

 

1,435,475

 

 

 

1,443,770

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 Home BancShares, Inc.

 Non-GAAP Reconciliations

 (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Nine Months Ended

(Dollars in thousands)

 

Sep. 30,
2025

 

Jun. 30,
2025

 

Mar. 31,
2025

 

Dec. 31,
2024

 

Sep. 30,
2024

 

Sep. 30,
2025

 

Sep. 30,
2024

ANNUALIZED RETURN ON AVERAGE COMMON EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Return on average common equity: (A/D)

 

 

11.91

%

 

 

11.77

%

 

 

11.75

%

 

 

10.13

%

 

 

10.23

%

 

 

11.81

%

 

 

10.53

%

Return on average common equity, as adjusted: (ROE, as adjusted) ((A+C)/D)

 

 

11.54

%

 

 

11.39

%

 

 

11.41

%

 

 

10.05

%

 

 

10.12

%

 

 

11.45

%

 

 

10.55

%

Return on average tangible common equity: (ROTCE) (A/(D-E))

 

 

18.28

%

 

 

18.26

%

 

 

18.39

%

 

 

15.94

%

 

 

16.26

%

 

 

18.31

%

 

 

16.91

%

Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) ((A+C)/(D-E))

 

 

17.70

%

 

 

17.68

%

 

 

17.87

%

 

 

15.82

%

 

 

16.09

%

 

 

17.75

%

 

 

16.94

%

Return on average tangible common equity excluding intangible amortization: (B/(D-E))

 

 

18.51

%

 

 

18.50

%

 

 

18.64

%

 

 

16.18

%

 

 

16.51

%

 

 

18.55

%

 

 

17.18

%

Return on average tangible common equity, as adjusted, excluding intangible amortization: ((B+C)/(D-E))

 

 

17.93

%

 

 

17.92

%

 

 

18.12

%

 

 

16.07

%

 

 

16.34

%

 

 

17.98

%

 

 

17.20

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP net income available to common shareholders (A)

 

$

123,604

 

 

$

118,403

 

 

$

115,209

 

 

$

100,564

 

 

$

100,038

 

 

$

357,216

 

 

$

301,677

 

Earnings excluding intangible amortization (B)

 

 

125,133

 

 

 

119,933

 

 

 

116,756

 

 

 

102,127

 

 

 

101,610

 

 

 

361,823

 

 

 

306,459

 

Adjustments after-tax (C)

 

 

(3,922

)

 

 

(3,770

)

 

 

(3,274

)

 

 

(737

)

 

 

(1,044

)

 

 

(10,966

)

 

 

428

 

Average common equity (D)

 

 

4,115,884

 

 

 

4,036,155

 

 

 

3,977,671

 

 

 

3,950,176

 

 

 

3,889,712

 

 

 

4,043,743

 

 

 

3,826,619

 

Average goodwill & core deposits intangible (E)

 

 

1,433,474

 

 

 

1,435,480

 

 

 

1,437,515

 

 

 

1,439,566

 

 

 

1,441,654

 

 

 

1,435,475

 

 

 

1,443,770

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EFFICIENCY RATIO & P5NR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Efficiency ratio: ((D-G)/(B+C+E))

 

 

40.21

%

 

 

41.68

%

 

 

42.22

%

 

 

42.24

%

 

 

41.42

%

 

 

41.35

%

 

 

42.91

%

Efficiency ratio, as adjusted: ((D-G-I)/(B+C+E-H))

 

 

40.95

%

 

 

42.01

%

 

 

42.84

%

 

 

42.00

%

 

 

41.66

%

 

 

41.91

%

 

 

42.87

%

Pre-tax net income to total revenue (net) (A/(B+C))

 

 

57.38

%

 

 

56.08

%

 

 

56.58

%

 

 

50.11

%

 

 

50.03

%

 

 

56.69

%

 

 

51.76

%

Pre-tax net income, as adjusted, to total revenue (net) ((A+F)/(B+C))

 

 

55.53

%

 

 

54.39

%

 

 

54.91

%

 

 

49.74

%

 

 

49.49

%

 

 

54.95

%

 

 

51.49

%

Pre-tax, pre-provision, net income (PPNR) (B+C-D)

 

$

162,833

 

 

$

154,991

 

 

$

147,154

 

 

$

146,154

 

 

$

147,954

 

 

$

464,978

 

 

$

424,258

 

Pre-tax, pre-provision, net income, as adjusted (B+C-D+F)

 

$

157,704

 

 

$

150,404

 

 

$

142,821

 

 

$

145,209

 

 

$

146,562

 

 

$

450,929

 

 

$

422,176

 

P5NR (Pre-tax, pre-provision, profit percentage) PPNR to total revenue (net)) (B+C-D)/(B+C)

 

 

58.64

%

 

 

57.19

%

 

 

56.58

%

 

 

56.57

%

 

 

57.35

%

 

 

57.49

%

 

 

55.90

%

P5NR, as adjusted (B+C-D+F)/(B+C)

 

 

56.80

%

 

 

55.49

%

 

 

54.91

%

 

 

56.20

%

 

 

56.81

%

 

 

55.75

%

 

 

55.62

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax net income (A)

 

$

159,327

 

 

$

151,991

 

 

$

147,154

 

 

$

129,454

 

 

$

129,084

 

 

$

458,472

 

 

$

392,888

 

Net interest income (B)

 

 

226,166

 

 

 

219,952

 

 

 

214,656

 

 

 

217,142

 

 

 

215,220

 

 

 

660,774

 

 

 

631,632

 

Non-interest income (C)

 

 

51,505

 

 

 

51,079

 

 

 

45,426

 

 

 

41,222

 

 

 

42,779

 

 

 

148,010

 

 

 

127,352

 

Non-interest expense (D)

 

 

114,838

 

 

 

116,040

 

 

 

112,928

 

 

 

112,210

 

 

 

110,045

 

 

 

343,806

 

 

 

334,726

 

Fully taxable equivalent adjustment (E)

 

 

2,916

 

 

 

2,526

 

 

 

2,534

 

 

 

2,398

 

 

 

2,616

 

 

 

7,976

 

 

 

6,136

 

Total pre-tax adjustments (F)

 

 

(5,129

)

 

 

(4,587

)

 

 

(4,333

)

 

 

(945

)

 

 

(1,392

)

 

 

(14,049

)

 

 

(2,082

)

Amortization of intangibles (G)

 

 

2,024

 

 

 

2,025

 

 

 

2,047

 

 

 

2,068

 

 

 

2,095

 

 

 

6,096

 

 

 

6,375

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on retirement of subordinated debt

 

$

1,882

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

1,882

 

 

$

 

Fair value adjustment for marketable securities

 

 

1,020

 

 

 

(238

)

 

 

442

 

 

 

850

 

 

 

1,392

 

 

 

1,224

 

 

 

2,121

 

(Loss) gain on OREO

 

 

(1

)

 

 

13

 

 

 

(376

)

 

 

(2,423

)

 

 

85

 

 

 

(364

)

 

 

151

 

(Loss) gain on branches, equipment and other assets, net

 

 

(66

)

 

 

972

 

 

 

(163

)

 

 

26

 

 

 

32

 

 

 

743

 

 

 

2,076

 

Special income from equity investment

 

 

 

 

 

3,498

 

 

 

3,891

 

 

 

 

 

 

 

 

 

7,389

 

 

 

 

BOLI death benefits

 

 

187

 

 

 

1,243

 

 

 

 

 

 

95

 

 

 

 

 

 

1,430

 

 

 

162

 

Legal expense reimbursement

 

 

 

 

 

885

 

 

 

 

 

 

 

 

 

 

 

 

885

 

 

 

 

Recoveries on historic losses

 

 

2,040

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,040

 

 

 

 

Total non-interest income adjustments (H)

 

$

5,062

 

 

$

6,373

 

 

$

3,794

 

 

$

(1,452

)

 

$

1,509

 

 

$

15,229

 

 

$

4,510

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FDIC special assessment

 

 

 

 

 

(1,516

)

 

 

 

 

 

 

 

 

 

 

 

(1,516

)

 

 

2,260

 

Legal claims expense

 

 

 

 

 

3,300

 

 

 

 

 

 

 

 

 

 

 

 

3,300

 

 

 

 

Total non-interest expense adjustments (I)

 

$

 

 

$

1,784

 

 

$

 

 

$

 

 

$

 

 

$

1,784

 

 

$

2,260

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Home BancShares, Inc.

 Non-GAAP Reconciliations

 (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

Sep. 30,
2025

 

Jun. 30,
2025

 

Mar. 31,
2025

 

Dec. 31,
2024

 

Sep. 30,
2024

TANGIBLE BOOK VALUE PER COMMON SHARE

 

 

 

 

 

 

 

 

 

 

Book value per common share: (A/B)

 

$

21.41

 

 

$

20.71

 

 

$

20.40

 

 

$

19.92

 

 

$

19.91

 

Tangible book value per common share: ((A-C-D)/B)

 

 

14.13

 

 

 

13.44

 

 

 

13.15

 

 

 

12.68

 

 

 

12.67

 

 

 

 

 

 

 

 

 

 

 

 

Total shareholders' equity (A)

 

$

4,214,964

 

 

$

4,085,316

 

 

$

4,042,555

 

 

$

3,961,025

 

 

$

3,959,789

 

End of period common shares outstanding (B)

 

 

196,889

 

 

 

197,239

 

 

 

198,206

 

 

 

198,882

 

 

 

198,879

 

Goodwill (C)

 

 

1,398,253

 

 

 

1,398,253

 

 

 

1,398,253

 

 

 

1,398,253

 

 

 

1,398,253

 

Core deposit and other intangibles (D)

 

 

34,231

 

 

 

36,255

 

 

 

38,280

 

 

 

40,327

 

 

 

42,395

 

 

 

 

 

 

 

 

 

 

 

 

TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS

 

 

 

 

 

 

 

 

 

 

Equity to assets: (B/A)

 

 

18.56

%

 

 

17.83

%

 

 

17.58

%

 

 

17.61

%

 

 

17.35

%

Tangible common equity to tangible assets: ((B-C-D)/(A-C-D))

 

 

13.08

%

 

 

12.35

%

 

 

12.09

%

 

 

11.98

%

 

 

11.78

%

 

 

 

 

 

 

 

 

 

 

 

Total assets (A)

 

$

22,707,802

 

 

$

22,907,022

 

 

$

22,992,203

 

 

$

22,490,748

 

 

$

22,823,117

 

Total shareholders' equity (B)

 

 

4,214,964

 

 

 

4,085,316

 

 

 

4,042,555

 

 

 

3,961,025

 

 

 

3,959,789

 

Goodwill (C)

 

 

1,398,253

 

 

 

1,398,253

 

 

 

1,398,253

 

 

 

1,398,253

 

 

 

1,398,253

 

Core deposit and other intangibles (D)

 

 

34,231

 

 

 

36,255

 

 

 

38,280

 

 

 

40,327

 

 

 

42,395

 

 

 

 

 

 

 

 

 

 

 

 


Home BancShares, Inc.

Shareholder Buyback Yield

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Nine Months Ended

(Dollars and shares in thousands)

 

Sep. 30,
2025

 

Jun. 30,
2025

 

Mar. 31,
2025

 

Dec. 31,
2024

 

Sep. 30,
2024

 

Sep. 30,
2025

 

Sep. 30,
2024

SHAREHOLDER BUYBACK YIELD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholder buyback yield: (A/B)

 

 

0.18

%

 

 

0.49

%

 

 

0.53

%

 

 

0.05

%

 

 

0.56

%

 

 

1.19

%

 

 

1.64

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares repurchased

 

 

350

 

 

 

1,000

 

 

 

1,000

 

 

 

96

 

 

 

1,000

 

 

 

2,350

 

 

 

3,426

 

Average price per share

 

$

28.34

 

 

$

26.99

 

 

$

29.67

 

 

$

26.38

 

 

$

26.90

 

 

$

28.33

 

 

$

24.36

 

Principal cost

 

 

9,918

 

 

 

26,989

 

 

 

29,668

 

 

 

2,526

 

 

 

26,902

 

 

 

66,575

 

 

 

83,450

 

Excise tax

 

 

93

 

 

 

459

 

 

 

117

 

 

 

(72

)

 

 

63

 

 

 

669

 

 

 

484

 

Total share repurchase cost (A)

 

$

10,011

 

 

$

27,448

 

 

$

29,785

 

 

$

2,454

 

 

$

26,965

 

 

$

67,244

 

 

$

83,934

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares outstanding beginning of period

 

 

197,239

 

 

 

198,206

 

 

 

198,882

 

 

 

198,879

 

 

 

199,746

 

 

 

198,882

 

 

 

201,526

 

Price per share beginning of period

 

$

28.46

 

 

$

28.27

 

 

$

28.30

 

 

$

27.09

 

 

$

23.96

 

 

$

28.30

 

 

$

25.33

 

Market capitalization beginning of period (B)

 

$

5,613,422

 

 

$

5,603,284

 

 

$

5,628,361

 

 

$

5,387,632

 

 

$

4,785,914

 

 

$

5,628,361

 

 

$

5,104,654

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/8fdb9efb-85ac-4fce-8956-d07f19f86954

https://www.globenewswire.com/NewsRoom/AttachmentNg/1344bbc9-601a-4ada-ba2a-0e20af2c7b2e

https://www.globenewswire.com/NewsRoom/AttachmentNg/d9c924c2-29e5-4a4c-95e8-49d9f1d8bec8

https://www.globenewswire.com/NewsRoom/AttachmentNg/efe0258b-31d0-478c-87af-f5c34aa123da

https://www.globenewswire.com/NewsRoom/AttachmentNg/f378b78e-46a8-4a98-a05e-c55d294208a6

https://www.globenewswire.com/NewsRoom/AttachmentNg/e99055ee-cf6a-4d6b-b37f-c20900cbf5ea