CONWAY, Ark., July 15, 2026 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE:HOMB) ("Home" or the "Company"), parent company of Centennial Bank, released quarterly earnings today.

Quarterly Highlights

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025
Net income	$119.3 million	$118.2 million	$118.2 million	$123.6 million	$118.4 million
Net income, as adjusted (non-GAAP)⁽¹⁾	$128.1 million	$118.2 million	$117.9 million	$119.7 million	$114.6 million
Total revenue (net)	$295.1 million	$266.7 million	$282.1 million	$277.7 million	$271.0 million
Income before income taxes	$154.4 million	$152.2 million	$153.3 million	$159.3 million	$152.0 million
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)⁽¹⁾	$159.6 million	$152.7 million	$167.7 million	$162.8 million	$155.0 million
PPNR, as adjusted (non-GAAP)⁽¹⁾	$171.2 million	$152.7 million	$167.1 million	$157.7 million	$150.4 million
Pre-tax net income to total revenue (net)	52.32%	57.08%	54.35%	57.38%	56.08%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)⁽¹⁾	56.27%	57.06%	54.14%	55.53%	54.39%
P5_NR(Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)⁽¹⁾	54.08%	57.27%	59.46%	58.64%	57.19%
P5_NR, as adjusted (non-GAAP)⁽¹⁾	58.03%	57.25%	59.25%	56.80%	55.49%
ROA	1.95%	2.09%	2.06%	2.17%	2.08%
ROA, as adjusted (non-GAAP)⁽¹⁾	2.09%	2.09%	2.05%	2.10%	2.02%
NIM	4.51%	4.51%	4.61%	4.56%	4.44%
Purchase accounting accretion	$3.6 million	$1.1 million	$1.3 million	$1.3 million	$1.2 million
ROE	10.55%	11.09%	11.04%	11.91%	11.77%
ROE, as adjusted (non-GAAP)⁽¹⁾	11.32%	11.08%	11.01%	11.54%	11.39%
ROTCE (non-GAAP)⁽¹⁾	15.67%	16.56%	16.65%	18.28%	18.26%
ROTCE, as adjusted (non-GAAP)⁽¹⁾	16.82%	16.55%	16.60%	17.70%	17.68%
Diluted earnings per share	$0.59	$0.60	$0.60	$0.63	$0.60
Diluted earnings per share, as adjusted (non-GAAP)⁽¹⁾	$0.64	$0.60	$0.60	$0.61	$0.58
Non-performing assets to total assets	0.93%	0.97%	0.55%	0.56%	0.60%
Common equity tier 1 capital	16.4%	16.7%	16.3%	16.1%	15.6%
Leverage	14.0%	14.3%	14.1%	13.8%	13.4%
Tier 1 capital	16.4%	16.7%	16.3%	16.1%	15.6%
Total risk-based capital	19.0%	19.5%	19.1%	18.9%	19.3%
Allowance for credit losses to total loans	1.92%	1.90%	1.90%	1.87%	1.86%
Book value per share	$22.68	$22.15	$21.88	$21.41	$20.71
Tangible book value per share (non-GAAP)⁽¹⁾	$15.32	$14.87	$14.60	$14.13	$13.44
Dividends per share	$0.21	$0.21	$0.21	$0.20	$0.20
Shareholder buyback yield⁽²⁾	0.77%	0.25%	0.27%	0.18%	0.49%

⁽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 delivered another quarter of strong profitability and balance sheet expansion in the second quarter. Highlights include a record PPNR, as adjusted, of $171.2 million, a record total net revenue of $295.1 million, smart loan growth, increase to book value and maintaining a stable margin, while returning capital through meaningful share repurchases and adjusted EPS of $0.64," said John Allison, Chairman.

"Our legacy franchise produced loan growth during the quarter, while Mountain Commerce contributed meaningful deposit growth almost immediately following the acquisition—demonstrating exactly why we pursued the transaction. Even after absorbing approximately $12.7 million of merger-related expenses, we generated record adjusted earnings of $128.1 million, maintained a strong net interest margin of 4.51%, and continued to grow tangible book value per share. We believe these results underscore both the strength of our existing markets and the value of disciplined acquisitions that enhance our franchise," continued Allison.

Quarterly Financial Performance Trends
Net income totaled $119.3 million for the second quarter of 2026, compared to $118.4 million for the second quarter of 2025. The Company completed its acquisition of Mountain Commerce Bancorp, Inc. ("Mountain Commerce") during the quarter and recognized $12.7 million in merger-related expenses. Net income, as adjusted (non-GAAP)⁽¹⁾, which excludes merger expenses and certain other items, reached a Company-record $128.1 million, an increase of 8.4% from $118.2 million in the prior quarter.		Pre-tax, pre-provision net revenue (PPNR) (non-GAAP)⁽¹⁾ totaled $159.6 million for the second quarter of 2026, compared to $152.7 million in the first quarter of 2026. The Company completed its acquisition of Mountain Commerce during the quarter and incurred $12.7 million in merger-related expenses. Excluding merger expenses and certain other non-fundamental adjustments, PPNR, as adjusted (Non-GAAP)⁽¹⁾ increased to a Company-record $171.2 million, compared to $152.7 million in the prior quarter, reflecting revenue growth, including the impact of the Mountain Commerce acquisition, and continued operating performance.
Dollar amounts presented below in thousands.


Net interest income after credit loss expense totaled $236.4 million for the second quarter of 2026, compared to $223.4 million in the first quarter of 2026, an increase of 5.8%. The increase was driven by continued growth in earning assets, including the impact of the Mountain Commerce acquisition completed during the quarter, as well as favorable net interest margin performance.		Non-interest income totaled $53.5 million for the second quarter of 2026, compared to $42.8 million in the first quarter of 2026, an increase of 24.9%. The increase was primarily driven by higher other service charges and fees, a favorable fair value adjustment on marketable securities, and growth in other income, with additional contributions from the completed acquisition of Mountain Commerce.

Total revenue (net) reached a Company-record $295.1 million for the second quarter of 2026, increasing 10.6% from $266.7 million in the prior quarter. The increase was driven by strong growth in net interest income, including the contribution from the Mountain Commerce acquisition completed during the quarter. The acquisition further enhances the Company's earnings capacity and positions it well for continued revenue growth and earnings accretion in future periods.		Total expenses increased during the second quarter of 2026, reflecting the completed acquisition of Mountain Commerce. Interest expense increased to $95.2 million from $87.1 million in the prior quarter, primarily due to higher interest on deposits resulting from a $921.3 million increase in interest-bearing deposits. Non-interest expense increased to $135.5 million from $114.0 million in the first quarter of 2026, driven primarily by $12.7 million of merger-related expenses incurred during the quarter.


The efficiency ratio was 44.54% for the second quarter of 2026, compared to 41.59% in the prior quarter, primarily reflecting $12.7 million of merger-related expenses associated with the completed acquisition of Mountain Commerce. Excluding merger-related expenses and certain other non-GAAP adjustments, the efficiency ratio, as adjusted, (non-GAAP)⁽¹⁾ improved to 40.46%, highlighting continued operating discipline while integrating the acquisition.		Return on average assets (ROA) was 1.95% for the second quarter of 2026, compared to 2.09% in the prior quarter. The decline was primarily attributable to $12.7 million of merger-related expenses associated with the completed acquisition of Mountain Commerce. Excluding merger-related expenses and certain other non-GAAP adjustments, ROA, as adjusted, (non-GAAP)⁽¹⁾ remained strong at 2.09%, reflecting the Company's continued earnings strength and operating performance.

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


Book value per share increased to $22.68 at June 30, 2026, from $22.15 at March 31, 2026, while tangible book value per share (non-GAAP)⁽¹⁾ increased to $15.32 from $14.87. The linked-quarter growth reflects strong earnings generation and the successful completion of the Mountain Commerce acquisition, which contributed to continued growth in shareholder value despite the impact of merger-related expenses incurred during the quarter.

Operating Highlights

Net income for the three-month period ended June 30, 2026 was $119.3 million, or $0.59 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 $128.1 million⁽¹⁾ and $0.64 per share⁽¹⁾, respectively, for the three months ended June 30, 2026.

Our net interest margin was 4.51% for both of the three-month periods ended June 30, 2026 and March 31, 2026. The yield on loans was 7.00% and 7.08% for the three months ended June 30, 2026 and March 31, 2026, respectively, as average loans increased from $15.68 billion to $17.08 billion. The rate on interest bearing deposits increased to 2.39% as of June 30, 2026, from 2.35% as of March 31, 2026, while average interest-bearing deposits increased from $13.66 billion to $14.69 billion. The increase in average loans and deposits was primarily due to the acquisition of Mountain Commerce Bancorp, Inc. ("MCBI" or"Mountain Commerce") which was completed during the second quarter of 2026.

During the second quarter of 2026, there was $1.7 million of event interest income compared to no event interest income for the first quarter of 2026. The increase in event income was accretive to the net interest margin by four basis points. Purchase accounting accretion on acquired loans was $3.6 million and $1.1 million for the three-month periods ended June 30, 2026 and March 31, 2026, respectively, and average purchase accounting loan discounts were $42.0 million and $12.5 million for the three-month periods ended June 30, 2026 and March 31, 2026, respectively. The increase in accretion income along with the increase in the purchase accounting loan discounts, both of which resulted from the acquisition of Mountain Commerce, increased the net interest margin by six basis points for the three-month period ended June 30, 2026.

Net interest income on a fully taxable equivalent basis was $244.3 million for the three-month period ended June 30, 2026, compared to $226.6 million for the three-month period ended March 31, 2026. This increase in net interest income for the three-month period ended June 30, 2026, was the result of a $25.8 million increase in interest income, which was partially offset by an $8.1 million increase in interest expense. The $25.8 million increase in interest income was primarily the result of a $24.6 million increase in loan income and a $1.0 million increase in income from investments. The $8.1 million increase in interest expense was due to an $8.3 million increase in interest expense on deposits, which was partially offset by a $346,000 decrease in interest expense on FHLB and other borrowed funds.

The Company reported $53.5 million of non-interest income for the second quarter of 2026. The most important components of non-interest income were $13.1 million from other income, $13.0 million from other service charges and fees, $10.0 million from service charges on deposit accounts, $6.1 million from trust fees, $5.1 million in mortgage lending income, $2.8 million from dividends from FHLB, FRB, FNBB and other, $1.6 million from the increase in cash value of life insurance, $817,000 in income from the fair value adjustment for marketable securities and $578,000 in insurance commissions. Included within other income was $274,000 in bank-owned life insurance death benefit income.

Non-interest expense for the second quarter of 2026 was $135.5 million. The most important components of non-interest expense were $68.7 million of salaries and employee benefits expense, $28.9 million in other operating expense, $15.8 million in occupancy and equipment expenses, $12.7 million in merger and acquisition expenses and $9.3 million in data processing expenses. For the second quarter of 2026, our efficiency ratio was 44.54%, and our efficiency ratio, as adjusted (non-GAAP), was 40.46%⁽¹⁾_.

Financial Condition

Total loans receivable were $17.13 billion at June 30, 2026, compared to $15.63 billion at March 31, 2026. Total deposits were $19.11 billion at June 30, 2026, compared to $17.74 billion at March 31, 2026. Total assets were $24.71 billion at June 30, 2026, compared to $23.20 billion at March 31, 2026.

During the second quarter of 2026, the Company had a $1.49 billion increase in loans. During the quarter, we acquired $1.47 billion in loans, net of purchase accounting discounts, from MCBI. Our community banking footprint experienced $46.4 million in organic loan growth during the quarter ended June 30, 2026, while Centennial CFG experienced $22.6 million of organic loan decline in the second quarter, with $2.04 billion of loans outstanding at June 30, 2026.

Non-performing loans to total loans were 1.08% and 1.16% at June 30, 2026 and March 31, 2026, respectively. Non-performing assets to total assets were 0.93% and 0.97% at June 30, 2026 and March 31, 2026, respectively. Net loans charged-off were $5.8 million and $1.4 million for the three months ended June 30, 2026 and March 31, 2026, respectively. The charge-off detail by region for the quarters ended June 30, 2026 and March 31, 2026 can be seen below.


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

For the Three Months Ended March 31, 2026
(in thousands)	Texas			Arkansas			Centennial CFG		Shore Premier Finance			Florida			Alabama			Total
Charge-offs	$	1,720		$	982		$	—	$	—		$	137		$	10		$	2,849
Recoveries		(788	)		(278	)		—		(277	)		(54	)		(3	)		(1,400	)
Net charge-offs (recoveries)	$	932		$	704		$	—	$	(277	)	$	83		$	7		$	1,449

At June 30, 2026, non-performing loans were $185.3 million, and non-performing assets were $228.6 million. At March 31, 2026, non-performing loans were $182.1 million, and non-performing assets were $224.1 million.

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

(in thousands)	Texas		Arkansas		Centennial CFG		Shore Premier Finance		Florida		Tennessee		Alabama		Total
Non-accrual loans	$	123,170	$	19,529	$	—	$	11,886	$	24,235	$	4,335	$	44	$	183,199
Loans 90+ days past due		690		238		—		—		282		916		—		2,126
Total non-performing loans		123,860		19,767		—		11,886		24,517		5,251		44		185,325

Foreclosed assets held for sale		15,647		2,028		22,812		—		260		1,392		—		42,139
Other non-performing assets		—		—		—		1,140		—		—		—		1,140
Total other non-performing assets		15,647		2,028		22,812		1,140		260		1,392		—		43,279
Total non-performing assets	$	139,507	$	21,795	$	22,812	$	13,026	$	24,777	$	6,643	$	44	$	228,604

The table below shows the non-performing loans and non-performing assets by region as of March 31, 2026:

(in thousands)	Texas		Arkansas		Centennial CFG		Shore Premier Finance		Florida		Alabama		Total
Non-accrual loans	$	119,333	$	21,833	$	787	$	12,131	$	25,532	$	23	$	179,639
Loans 90+ days past due		1,077		36		—		—		1,368		—		2,481
Total non-performing loans		120,410		21,869		787		12,131		26,900		23		182,120

Foreclosed assets held for sale		16,164		1,638		22,812		—		260		—		40,874
Other non-performing assets		—		—		—		1,140		—		—		1,140
Total other non-performing assets		16,164		1,638		22,812		1,140		260		—		42,014
Total non-performing assets	$	136,574	$	23,507	$	23,599	$	13,271	$	27,160	$	23	$	224,134

The Company’s allowance for credit losses on loans was $328.4 million, or 1.92% of total loans, at June 30, 2026 compared to $297.6 million, or 1.90% of total loans, at March 31, 2026. As of June 30, 2026 and March 31, 2026, the Company’s allowance for credit losses on loans was 177.19% and 163.43% of its total non-performing loans, respectively.

Shareholders’ equity was $4.55 billion at June 30, 2026, which increased approximately $197.9 million from March 31, 2026. The net increase in shareholders’ equity is primarily associated with the $146.0 million of common stock issued to the Mountain Commerce shareholders, the $77.1 million increase in retained earnings and the $10.4 million increase in accumulated other comprehensive income, which was partially offset by the $42.3 million in dividends paid during the quarter and the $40.5 million in stock repurchases for the quarter. Book value per common share was $22.68 at June 30, 2026, compared to $22.15 at March 31, 2026. Tangible book value per common share (non-GAAP) was $15.32⁽¹⁾ at June 30, 2026, compared to $14.87⁽¹⁾ at March 31, 2026. Book value per common share and tangible book value per common share, as of June 30, 2026, were both records for the Company.

Stock Repurchases and Dividends

During the three-month period ended June 30, 2026, the Company repurchased 1.5 million shares of common stock, which equated to a shareholder buyback yield of 0.77%⁽²⁾. In comparison, during the three-month period ended March 31, 2026, the Company repurchased 507,622 shares of common stock, which equated to a shareholder buyback yield of 0.25%⁽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 June 30, 2026, the Company paid a dividend of $0.21 per share. This cash dividend was consistent with the dividend paid during the first quarter of 2026.

Branches

The Company currently has 75 branches in Arkansas, 78 branches in Florida, 60 branches in Texas, 8 branches in Tennessee, 5 branches in Alabama and one branch in New York City.

Conference Call

Management will conduct a conference call to review this information at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, July 16, 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/346859709. Participants who pre-register will be given a unique webcast link to gain immediate access to the conference call webcast. Second, participants can pre-register for the live call using the following link: https://events.q4inc.com/analyst/346859709?pwd=sU182NPD. Participants who pre-register will be given the phone number and unique access codes to gain immediate access to the live call. Participants may pre-register now, or at any time prior to the call, and will immediately receive simple instructions via email. The Home BancShares conference call will also be scheduled as an event in your Outlook calendar.

Those without internet access or unable to pre-register may dial in and listen to the live call by calling 1-833-461-5787, Passcode: 346859709. A replay of the call will be available using the following link: https://events.q4inc.com/attendee/346859709. Internet access to the call will be available live or in recorded version on the Company's website at www.homebancshares.com.

About Home BancShares

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

Non-GAAP Financial Measures

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

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

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

General

This release contains forward-looking statements regarding the Company’s plans, expectations, goals and outlook for the future, including future financial results. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future events, performance or results. When we use words or phrases like "may," "will," "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 risk that the anticipated benefits from the completed acquisition of MCBI may not be fully realized or may take longer to realize than expected, including as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Home and MCBI operate; the ability to promptly and effectively integrate the businesses of Home and MCBI; the ability to retain key employees, customers and business relationships following the acquisition; the reaction to the completed acquisition of the companies’ customers, employees and counterparties; diversion of management time on integration-related issues; the possibility that the costs of integration may be greater than anticipated; the effect of any future mergers, acquisitions or other transactions to which we or our bank subsidiary may from time to time be a party, including as a result of one or more of the factors described above as they would relate to such transaction; the ability to identify, complete and successfully integrate additional acquisitions; the availability of and access to capital and liquidity on terms acceptable to us; legislative and regulatory changes and risks and expenses associated with current and future legislation and regulations; technological changes and cybersecurity risks and incidents; the effects of changes in accounting policies and practices; changes in governmental monetary and fiscal policies; the impacts of political instability, ongoing or future military conflicts and other major domestic or international events; the impacts of recent or future adverse weather events, including hurricanes, and other natural disasters; competition from other financial institutions; potential claims, expenses and other adverse effects related to current or future litigation, regulatory examinations or other government actions; potential increases in deposit insurance assessments, increased regulatory scrutiny or market disruptions resulting from financial challenges in the banking industry; disruptions, uncertainties and related effects on credit quality, liquidity and other aspects of our business and operations that may result from any future public health crises; changes in the assumptions used in making the forward-looking statements; and other factors described in reports we file with the Securities and Exchange Commission (the "SEC"), including those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 27, 2026. Home assumes no obligation to update the information in this press release, except as otherwise required by law.

FOR MORE INFORMATION CONTACT:

Donna Townsell

Director of Investor Relations

Home BancShares, Inc.

(501) 328-4625


Home BancShares, Inc.
Consolidated End of Period Balance Sheets
(Unaudited)

(In thousands)	Jun. 30, 2026			Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025
ASSETS
Cash and due from banks	$	279,660		$	296,209		$	237,224		$	284,750		$	291,344
Interest-bearing deposits with other banks		772,859			815,714			430,113			516,170			809,729
Cash and cash equivalents		1,052,519			1,111,923			667,337			800,920			1,101,073
Federal funds sold		5,450			6,025			3,000			3,625			2,600
Investment securities - available-for-sale, net of allowance for credit losses		2,776,216			2,803,847			2,871,931			2,924,496			2,899,968
Investment securities - held-to-maturity, net of allowance for credit losses		1,254,802			1,256,635			1,259,262			1,264,200			1,265,292
Total investment securities		4,031,018			4,060,482			4,131,193			4,188,696			4,165,260
Loans receivable		17,127,208			15,633,628			15,686,209			15,285,972			15,180,624
Allowance for credit losses		(328,369	)		(297,634	)		(297,583	)		(285,649	)		(281,869	)
Loans receivable, net		16,798,839			15,335,994			15,388,626			15,000,323			14,898,755
Bank premises and equipment, net		437,552			374,010			369,324			374,515			379,729
Foreclosed assets held for sale		42,139			40,874			39,831			41,263			41,529
Cash value of life insurance		233,515			221,830			220,469			219,075			218,113
Accrued interest receivable		108,384			106,628			108,939			110,702			107,732
Deferred tax asset, net		153,803			143,987			148,022			155,963			174,323
Goodwill		1,410,211			1,398,253			1,398,253			1,398,253			1,398,253
Core deposit intangible		65,541			30,355			32,293			34,231			36,255
Other assets		374,277			371,318			374,592			380,236			383,400
Total assets	$	24,713,248		$	23,201,679		$	22,881,879		$	22,707,802		$	22,907,022

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Deposits:
Demand and non-interest-bearing	$	4,447,710		$	3,994,217		$	3,868,405		$	3,880,101		$	4,024,574
Savings and interest-bearing transaction accounts		12,423,361			11,971,866			11,792,828			11,500,921			11,571,949
Time deposits		2,242,034			1,772,192			1,818,724			1,946,674			1,891,909
Total deposits		19,113,105			17,738,275			17,479,957			17,327,696			17,488,432
Securities sold under agreements to repurchase		158,744			157,409			155,803			145,998			140,813
FHLB and other borrowed funds		450,250			500,250			500,250			550,500			550,500
Accrued interest payable and other liabilities		164,112			176,727			169,733			189,551			203,004
Subordinated debentures		279,602			279,433			279,265			279,093			438,957
Total liabilities		20,165,813			18,852,094			18,585,008			18,492,838			18,821,706

Shareholders' equity
Common stock		2,005			1,964			1,964			1,969			1,972
Capital surplus		2,301,551			2,191,243			2,201,923			2,214,211			2,221,576
Retained earnings		2,412,859			2,335,787			2,258,871			2,181,911			2,097,712
Accumulated other comprehensive loss		(168,980	)		(179,409	)		(165,887	)		(183,127	)		(235,944	)
Total shareholders' equity		4,547,435			4,349,585			4,296,871			4,214,964			4,085,316
Total liabilities and shareholders' equity	$	24,713,248		$	23,201,679		$	22,881,879		$	22,707,802		$	22,907,022


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

	Quarter Ended													Six Months Ended
(In thousands)	Jun. 30, 2026		Mar. 31, 2026			Dec. 31, 2025		Sep. 30, 2025			Jun. 30, 2025			Jun. 30, 2026			Jun. 30, 2025
Interest income:
Loans	$	298,066	$	273,473		$	285,491	$	283,165		$	276,041		$	571,539		$	546,825
Investment securities
Taxable		25,787		24,728			25,860		26,326			26,444			50,515			53,877
Tax-exempt		7,811		7,829			7,834		7,743			7,626			15,640			15,276
Deposits - other banks		5,135		4,945			4,405		6,242			8,951			10,080			15,571
Federal funds sold		37		48			41		56			53			85			108
Total interest income		336,836		311,023			323,631		323,532			319,115			647,859			631,657
Interest expense:
Interest on deposits		87,432		79,145			83,739		87,962			88,489			166,577			175,275
FHLB and other borrowed funds		4,346		4,692			4,985		5,378			5,539			9,038			11,441
Securities sold under agreements to repurchase		1,057		927			962		1,019			1,012			1,984			2,086
Subordinated debentures		2,358		2,355			2,359		3,007			4,123			4,713			8,247
Total interest expense		95,193		87,119			92,045		97,366			99,163			182,312			197,049
Net interest income		241,643		223,904			231,586		226,166			219,952			465,547			434,608
Provision for credit losses on loans		5,200		1,500			14,400		6,700			3,000			6,700			3,000
Recovery of credit losses on unfunded commitments		—		(1,000	)		—		(1,000	)		—			(1,000	)		—
Recovery of credit losses on investment securities		—		—			—		(2,194	)		—			—			—
Total credit loss expense		5,200		500			14,400		3,506			3,000			5,700			3,000
Net interest income after credit loss expense		236,443		223,404			217,186		222,660			216,952			459,847			431,608
Non-interest income:
Service charges on deposit accounts		10,030		10,007			10,480		10,486			9,552			20,037			19,202
Other service charges and fees		12,973		9,810			11,148		12,130			12,643			22,783			23,332
Trust fees		6,109		5,482			5,121		4,600			5,234			11,591			9,994
Mortgage lending income		5,139		4,430			4,680		4,691			4,780			9,569			8,379
Insurance commissions		578		536			460		574			589			1,114			1,124
Increase in cash value of life insurance		1,553		1,368			1,400		1,404			1,415			2,921			3,257
Dividends from FHLB, FRB, FNBB & other		2,841		2,536			2,678		2,658			2,657			5,377			5,375
Gain on SBA loans		—		80			308		46			—			80			288
Gain (loss) on branches, equipment and other assets, net		3		(7	)		11		(66	)		972			(4	)		809
Gain (loss) on OREO, net		332		707			203		(1	)		13			1,039			(363	)
Fair value adjustment for marketable securities		817		(1,248	)		1,173		1,020			(238	)		(431	)		204
Other income		13,079		9,102			12,838		13,963			13,462			22,181			24,904
Total non-interest income		53,454		42,803			50,500		51,505			51,079			96,257			96,505
Non-interest expense:
Salaries and employee benefits		68,742		63,236			62,891		63,804			64,318			131,978			126,173
Occupancy and equipment		15,787		14,867			14,434		14,828			14,023			30,654			28,448
Data processing expense		9,307		8,884			8,653		8,871			8,364			18,191			16,922
Merger and acquisition expenses		12,726		394			580		—			—			13,120			—
Other operating expenses		28,932		26,594			27,805		27,335			29,335			55,526			57,425
Total non-interest expense		135,494		113,975			114,363		114,838			116,040			249,469			228,968
Income before income taxes		154,403		152,232			153,323		159,327			151,991			306,635			299,145
Income tax expense		35,076		34,023			35,098		35,723			33,588			69,099			65,533
Net income	$	119,327	$	118,209		$	118,225	$	123,604		$	118,403		$	237,536		$	233,612


Home BancShares, Inc.
Selected Financial Information
(Unaudited)

	Quarter Ended															Six Months Ended
(Dollars and shares in thousands, except per share data)	Jun. 30, 2026			Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Jun. 30, 2026			Jun. 30, 2025
PER SHARE DATA
Diluted earnings per common share	$	0.59		$	0.60		$	0.60		$	0.63		$	0.60		$	1.19		$	1.18
Diluted earnings per common share, as adjusted (non-GAAP)⁽¹⁾		0.64			0.60			0.60			0.61			0.58			1.24			1.14
Basic earnings per common share		0.59			0.60			0.60			0.63			0.60			1.19			1.18
Dividends per share - common		0.21			0.21			0.21			0.20			0.20			0.21			0.395
Shareholder buyback yield⁽²⁾		0.77	%		0.25	%		0.27	%		0.18	%		0.49	%		1.00	%		1.02	%
Book value per common share	$	22.68		$	22.15		$	21.88		$	21.41		$	20.71		$	22.68		$	20.71
Tangible book value per common share (non-GAAP)⁽¹⁾		15.32			14.87			14.60			14.13			13.44			15.32			13.44

STOCK INFORMATION
Average common shares outstanding		201,223			196,528			196,553			197,078			197,532			198,889			198,091
Average diluted shares outstanding		201,420			196,733			196,764			197,288			197,765			199,088			198,289
End of period common shares outstanding		200,460			196,394			196,357			196,889			197,239			200,460			197,239

ANNUALIZED PERFORMANCE METRICS
Return on average assets (ROA)		1.95	%		2.09	%		2.06	%		2.17	%		2.08	%		2.02	%		2.08	%
Return on average assets, as adjusted: (ROA, as adjusted) (non-GAAP)⁽¹⁾		2.09	%		2.09	%		2.05	%		2.10	%		2.02	%		2.09	%		2.02	%
Return on average assets excluding intangible amortization (non-GAAP)⁽¹⁾		2.12	%		2.25	%		2.22	%		2.34	%		2.25	%		2.18	%		2.25	%
Return on average assets, as adjusted, excluding intangible amortization (non-GAAP)⁽¹⁾		2.27	%		2.25	%		2.22	%		2.27	%		2.18	%		2.26	%		2.18	%
Return on average common equity (ROE)		10.55	%		11.09	%		11.04	%		11.91	%		11.77	%		10.78	%		11.76	%
Return on average common equity, as adjusted: (ROE, as adjusted) (non-GAAP)⁽¹⁾		11.32	%		11.08	%		11.01	%		11.54	%		11.39	%		11.18	%		11.40	%
Return on average tangible common equity (ROTCE) (non-GAAP)⁽¹⁾		15.67	%		16.56	%		16.65	%		18.28	%		18.26	%		16.03	%		18.33	%
Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) (non-GAAP)⁽¹⁾		16.82	%		16.55	%		16.60	%		17.70	%		17.68	%		16.62	%		17.77	%
Return on average tangible common equity excluding intangible amortization (non-GAAP)⁽¹⁾		15.96	%		16.76	%		16.85	%		18.51	%		18.50	%		16.28	%		18.57	%
Return on average tangible common equity, as adjusted, excluding intangible amortization (non-GAAP)⁽¹⁾		17.11	%		16.76	%		16.80	%		17.93	%		17.92	%		16.87	%		18.02	%

(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															Six Months Ended
(Dollars in thousands)	Jun. 30, 2026			Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Jun. 30, 2026			Jun. 30, 2025
Efficiency ratio		44.54	%		41.59	%		39.54	%		40.21	%		41.68	%		43.14	%		41.94	%
Efficiency ratio, as adjusted (non-GAAP)⁽¹⁾		40.46	%		41.99	%		39.53	%		40.95	%		42.01	%		41.19	%		42.42	%
Net interest margin - FTE (NIM)		4.51	%		4.51	%		4.61	%		4.56	%		4.44	%		4.51	%		4.44	%
Fully taxable equivalent adjustment	$	2,653		$	2,661		$	2,252		$	2,916		$	2,526		$	5,314		$	5,060
Total revenue (net)		295,097			266,707			282,086			277,671			271,031			561,804			531,113
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)⁽¹⁾		159,603			152,732			167,723			162,833			154,991			312,335			302,145
PPNR, as adjusted (non-GAAP)⁽¹⁾		171,238			152,677			167,130			157,704			150,404			323,915			293,225
Pre-tax net income to total revenue (net)		52.32	%		57.08	%		54.35	%		57.38	%		56.08	%		54.58	%		56.32	%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)⁽¹⁾		56.27	%		57.06	%		54.14	%		55.53	%		54.39	%		56.64	%		54.64	%
P5_NR(Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)⁽¹⁾		54.08	%		57.27	%		59.46	%		58.64	%		57.19	%		55.60	%		56.89	%
P5_NR, as adjusted (non-GAAP)⁽¹⁾		58.03	%		57.25	%		59.25	%		56.80	%		55.49	%		57.66	%		55.21	%
Total purchase accounting accretion	$	3,618		$	1,061		$	1,265		$	1,272		$	1,233		$	4,679		$	2,611
Average purchase accounting loan discounts		41,962			12,507			13,753			15,009			16,219			27,311			16,873

OTHER OPERATING EXPENSES
Advertising	$	2,214		$	2,227		$	2,114		$	2,149		$	2,054		$	4,441		$	3,982
Amortization of intangibles		2,889			1,938			1,938			2,024			2,025			4,827			4,072
Electronic banking expense		3,223			3,326			3,288			3,357			3,172			6,549			6,227
Directors' fees		416			518			388			405			431			934			883
Due from bank service charges		344			333			324			404			283			677			564
FDIC and state assessment		3,045			1,599			2,970			3,245			1,636			4,644			5,023
Insurance		1,090			1,074			1,044			1,110			1,049			2,164			2,048
Legal and accounting		1,426			914			1,362			1,061			2,360			2,340			6,001
Other professional fees		2,247			1,946			2,168			2,083			2,211			4,193			4,158
Operating supplies		769			748			759			773			711			1,517			1,422
Postage		684			543			564			538			488			1,227			991
Telephone		324			363			382			367			419			687			855
Other expense		10,261			11,065			10,504			9,819			12,496			21,326			21,199
Total other operating expenses	$	28,932		$	26,594		$	27,805		$	27,335		$	29,335		$	55,526		$	57,425

(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)	Jun. 30, 2026			Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025
BALANCE SHEET RATIOS
Total loans to total deposits		89.61	%		88.13	%		89.74	%		88.22	%		86.80	%
Common equity to assets		18.40	%		18.75	%		18.78	%		18.56	%		17.83	%
Tangible common equity to tangible assets (non-GAAP)⁽¹⁾		13.22	%		13.42	%		13.36	%		13.08	%		12.35	%
										.
LOANS RECEIVABLE
Real estate
Commercial real estate loans
Non-farm/non-residential	$	5,921,829		$	5,395,529		$	5,290,112		$	5,494,492		$	5,553,182
Construction/land development		2,780,116			2,613,604			2,726,993			2,709,197			2,695,561
Agricultural		329,231			321,046			332,412			331,301			315,926
Residential real estate loans
Residential 1-4 family		2,545,462			2,100,374			2,134,334			2,142,375			2,138,990
Multifamily residential		1,269,728			1,232,639			1,140,911			716,595