CONWAY, Ark., April 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	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025
Net income	$118.2 million	$118.2 million	$123.6 million	$118.4 million	$115.2 million
Net income, as adjusted (non-GAAP)⁽¹⁾	$118.2 million	$117.9 million	$119.7 million	$114.6 million	$111.9 million
Total revenue (net)	$266.7 million	$282.1 million	$277.7 million	$271.0 million	$260.1 million
Income before income taxes	$152.2 million	$153.3 million	$159.3 million	$152.0 million	$147.2 million
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)⁽¹⁾	$152.7 million	$167.7 million	$162.8 million	$155.0 million	$147.2 million
PPNR, as adjusted (non-GAAP)⁽¹⁾	$152.7 million	$167.1 million	$157.7 million	$150.4 million	$142.8 million
Pre-tax net income to total revenue (net)	57.08%	54.35%	57.38%	56.08%	56.58%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)⁽¹⁾	57.06%	54.14%	55.53%	54.39%	54.91%
P5_NR(Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)⁽¹⁾	57.27%	59.46%	58.64%	57.19%	56.58%
P5_NR, as adjusted (non-GAAP)⁽¹⁾	57.25%	59.25%	56.80%	55.49%	54.91%
ROA	2.09%	2.06%	2.17%	2.08%	2.07%
ROA, as adjusted (non-GAAP)⁽¹⁾	2.09%	2.05%	2.10%	2.02%	2.01%
NIM	4.51%	4.61%	4.56%	4.44%	4.44%
Purchase accounting accretion	$1.1 million	$1.3 million	$1.3 million	$1.2 million	$1.4 million
ROE	11.09%	11.04%	11.91%	11.77%	11.75%
ROE, as adjusted (non-GAAP)⁽¹⁾	11.08%	11.01%	11.54%	11.39%	11.41%
ROTCE (non-GAAP)⁽¹⁾	16.56%	16.65%	18.28%	18.26%	18.39%
ROTCE, as adjusted (non-GAAP)⁽¹⁾	16.55%	16.60%	17.70%	17.68%	17.87%
Diluted earnings per share	$0.60	$0.60	$0.63	$0.60	$0.58
Diluted earnings per share, as adjusted (non-GAAP)⁽¹⁾	$0.60	$0.60	$0.61	$0.58	$0.56
Non-performing assets to total assets	0.97%	0.55%	0.56%	0.60%	0.56%
Common equity tier 1 capital	16.7%	16.3%	16.1%	15.6%	15.4%
Leverage	14.3%	14.1%	13.8%	13.4%	13.3%
Tier 1 capital	16.7%	16.3%	16.1%	15.6%	15.4%
Total risk-based capital	19.5%	19.1%	18.9%	19.3%	19.1%
Allowance for credit losses to total loans	1.90%	1.90%	1.87%	1.86%	1.87%
Book value per share	$22.15	$21.88	$21.41	$20.71	$20.40
Tangible book value per share (non-GAAP)⁽¹⁾	$14.87	$14.60	$14.13	$13.44	$13.15
Dividends per share	$0.21	$0.21	$0.20	$0.20	$0.195
Shareholder buyback yield⁽²⁾	0.25%	0.27%	0.18%	0.49%	0.53%

⁽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 works for the shareholder each and every day. Our strong, consistent philosophy continues to deliver performance results that ranked us #2 in the U.S. on S&P's banks over $10 billion for the year 2025. During current uncertain economic and geopolitical times, I am very proud that HOMB continues to be a safe place with a strong balance sheet for our customers and shareholders," said John Allison, Chairman.

Quarterly Financial Performance Trends

During the first quarter of 2026, the Company delivered stable and resilient earnings performance, with net income of approximately $118.2 million, consistent with the prior quarter and up year over year. Net income, as adjusted (non‑GAAP)⁽¹⁾, of approximately $118.2 million further reflects the strength and sustainability of underlying operations.		The chart below reflects solid year‑over‑year growth in pre‑tax, pre‑provision net revenue (PPNR) during the first quarter of 2026, reflecting continued strength in operating performance. PPNR totaled approximately $152.7 million, representing an increase of $5.6 million, or 3.8%, compared to the first quarter of 2025. PPNR, as adjusted (non-GAAP)⁽¹⁾, increased $9.9 million, or 6.9%, year over year to approximately $152.7 million, underscoring improved underlying profitability and disciplined expense management.
Dollar amounts presented below in thousands.


Net interest income after credit loss expense increased by $6.2 million from Q4 2025 to Q1 2026 and $8.7 million on a year over year basis. These results reflect a generally upward trend throughout the periods presented, supported by effective balance sheet management and stable credit performance. Despite normal quarterly variability, the Company delivered consistent, high‑quality earnings, underscoring the strength and resilience of its net interest income.		Non-interest income was $42.8 million for the first quarter of 2026, reflecting a normalization from the levels experienced in prior quarters, primarily due to certain non-continuing other income items. Results remained supported by a diversified mix of revenue streams, with performance over the prior several quarters demonstrating the Company's ability to generate stable non‑interest income despite typical quarterly variability. Management continues to emphasize disciplined execution and strategic growth initiatives to support long‑term, sustainable income generation.
Dollar amounts presented below in thousands.

Total revenue (net) during the first quarter of 2026 was approximately $266.7 million, representing an increase of $6.6 million, or 2.5%, year over year. While revenue moderated from the fourth quarter, results demonstrate the durability of the Company's revenue base and provide a strong foundation for further growth as 2026 progresses.		During the first quarter of 2026, the Company demonstrated continued expense discipline and effective balance sheet management. Interest expense declined to $87.1 million primarily due to the declining interest rate environment. Non‑interest expense remained well controlled at approximately $114.0 million, consistent with prior quarter levels. Together, these trends highlight the Company's focus on cost efficiency and operating discipline, supporting strong operating leverage and overall earnings performance.


The Company continued to demonstrate strong operating discipline throughout Q1 2026, posting an efficiency ratio of 41.6%. While modestly higher than the fourth quarter level, the efficiency ratio reflects continued, effective expense management and remains well controlled. The efficiency ratio, as adjusted (non-GAAP)⁽¹⁾, of approximately 42.0% underscores the consistency of underlying operating efficiency, highlighting the Company's ability to balance investment in growth with disciplined cost management.		The Company delivered strong and improving return on average assets (ROA) during the first quarter of 2026, with an ROA of approximately 2.09%. This performance reflects both a year over year and sequential quarterly increase, underscoring continued balance sheet efficiency and disciplined execution. ROA, as adjusted (non-GAAP)⁽¹⁾, also increased to approximately 2.09%, demonstrating consistent earnings quality and effective asset utilization. Overall, Q1 2026 ROA highlights the Company's ability to generate attractive returns while maintaining operational and financial stability.

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 $22.15 at March 31, 2026, representing steady growth from $20.40 at March 31, 2025. Tangible book value per share (non‑GAAP)⁽¹⁾ also rose consistently to $14.87 over the same period. The continued sequential improvement reflects retained earnings growth and disciplined capital management, underscoring the Company's ability to build shareholder value through a range of operating conditions. Book value per share and tangible book value per share (non-GAAP)⁽¹⁾ as of March 31, 2026 are both records for the Company.

Operating Highlights

Net income for the three-month period ended March 31, 2026 was $118.2 million, or $0.60 diluted earnings per share. When adjusting for non-fundamental items, net income and diluted earnings per share on an as-adjusted basis (non-GAAP), were $118.2 million⁽¹⁾ and $0.60 per share⁽¹⁾, respectively, for the three months ended March 31, 2026.

Our net interest margin was 4.51% and 4.61% for the three-month periods ended March 31, 2026 and December 31, 2025, respectively. The yield on loans was 7.08% and 7.30% for the three months ended March 31, 2026 and December 31, 2025, respectively, as average loans increased from $15.51 billion to $15.68 billion. The rate on interest bearing deposits decreased to 2.35% as of March 31, 2026, from 2.47% as of December 31, 2025, while average interest-bearing deposits increased from $13.47 billion to $13.66 billion.

During the first quarter of 2026, there was no event interest income compared to $2.6 million of event interest income for the fourth quarter of 2025. The decrease in event income was dilutive to the net interest margin by six basis points. Purchase accounting accretion on acquired loans was $1.1 million and $1.3 million for the three-month periods ended March 31, 2026 and December 31, 2025, respectively, and average purchase accounting loan discounts were $12.5 million and $13.8 million for the three-month periods ended March 31, 2026 and December 31, 2025, respectively.

Net interest income on a fully taxable equivalent basis was $226.6 million for the three-month period ended March 31, 2026, and $233.8 million for the three-month period ended December 31, 2025. This decrease in net interest income for the three-month period ended March 31, 2026, was the result of a $12.2 million decrease in interest income, which was partially offset by a $4.9 million decrease in interest expense. The $12.2 million decrease in interest income was primarily the result of an $11.7 million decrease in loan income and a $1.1 million decrease in income from investments. These reductions were partially offset by a $540,000 increase in income from deposits with other banks. The $4.9 million decrease in interest expense was due to a $4.6 million decrease in interest expense on deposits and a $293,000 decrease in interest expense on FHLB and other borrowed funds.

The Company reported $42.8 million of non-interest income for the first quarter of 2026. The most important components of non-interest income were $10.0 million from service charges on deposit accounts, $9.8 million from other service charges and fees, $9.1 million from other income, $5.5 million from trust fees, $4.4 million in mortgage lending income, $2.5 million from dividends from FHLB, FRB, FNBB and other, and $1.4 million from the increase in cash value of life insurance, which were partially offset by $1.2 million in expense from the fair value adjustment for marketable securities.

Non-interest expense for the first quarter of 2026 was $114.0 million. The most important components of non-interest expense were $63.2 million salaries and employee benefits expense, $26.6 million in other operating expense, $14.9 million in occupancy and equipment expenses, $8.9 million in data processing expenses and $394,000 in merger and acquisition expenses. Included within other expense was the FDIC special assessment credit, which lowered expense by $1.7 million. For the first quarter of 2026, our efficiency ratio was 41.59%, and our efficiency ratio, as adjusted (non-GAAP), was 41.99%⁽¹⁾_.

Financial Condition

Total loans receivable were $15.63 billion at March 31, 2026, compared to $15.69 billion at December 31, 2025. Total deposits were $17.74 billion at March 31, 2026, compared to $17.48 billion at December 31, 2025. Total assets were $23.20 billion at March 31, 2026, compared to $22.88 billion at December 31, 2025.

During the first quarter of 2026, the Company had a $52.6 million decrease in loans. Our community banking footprint experienced $100.5 million in organic loan decline during the quarter ended March 31, 2026, while Centennial CFG experienced $47.9 million of organic loan growth in the first quarter, with $2.06 billion of loans outstanding at March 31, 2026.

Non-performing loans to total loans were 1.16% and 0.54% at March 31, 2026 and December 31, 2025, respectively. Non-performing assets to total assets were 0.97% and 0.55% at March 31, 2026 and December 31, 2025, respectively. The increase in non-performing loans and assets was primarily due to one loan relationship with a balance of $92.1 million being placed on non-accrual status during the quarter ended March 31, 2026. Net loans charged-off were $1.4 million and $2.5 million for the three months ended March 31, 2026 and December 31, 2025, respectively. The charge-off detail by region for the quarters ended March 31, 2026 and December 31, 2025 can be seen below.

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

For the Three Months Ended December 31, 2025
(in thousands)	Texas			Arkansas			Centennial CFG		Shore Premier Finance			Florida			Alabama			Total
Charge-offs	$	600		$	1,420		$	—	$	400		$	542		$	101		$	3,063
Recoveries		(345	)		(195	)		—		(4	)		(49	)		(4	)		(597	)
Net charge-offs (recoveries)	$	255		$	1,225		$	—	$	396		$	493		$	97		$	2,466

At March 31, 2026, non-performing loans were $182.1 million, and non-performing assets were $224.1 million. At December 31, 2025, non-performing loans were $85.0 million, and non-performing assets were $124.8 million.

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 table below shows the non-performing loans and non-performing assets by region as December 31, 2025:

(in thousands)	Texas		Arkansas		Centennial CFG		Shore Premier Finance		Florida		Alabama		Total
Non-accrual loans	$	24,234	$	18,234	$	787	$	10,048	$	24,645	$	54	$	78,002
Loans 90+ days past due		2,383		291		—		3,286		1,020		—		6,980
Total non-performing loans		26,617		18,525		787		13,334		25,665		54		84,982

Foreclosed assets held for sale		15,988		771		22,812		—		260		—		39,831
Total other non-performing assets		15,988		771		22,812		—		260		—		39,831
Total non-performing assets	$	42,605	$	19,296	$	23,599	$	13,334	$	25,925	$	54	$	124,813

The Company's allowance for credit losses on loans was $297.6 million, or 1.90% of total loans, at both March 31, 2026 and December 31, 2025. As of March 31, 2026 and December 31, 2025, the Company's allowance for credit losses on loans was 163.43% and 350.17% of its total non-performing loans, respectively.

Shareholders' equity was $4.35 billion at March 31, 2026, which increased approximately $52.7 million from December 31, 2025. The net increase in shareholders' equity is primarily associated with the $76.9 million increase in retained earnings. This was partially offset by the $13.5 million decrease in accumulated other comprehensive income and the $13.9 million in stock repurchases for the quarter. Book value per common share was $22.15 at March 31, 2026, compared to $21.88 at December 31, 2025. Tangible book value per common share (non-GAAP) was $14.87⁽¹⁾ at March 31, 2026, compared to $14.60⁽¹⁾ at December 31, 2025. Book value per common share and tangible book value per common share, as of March 31, 2026, were both records for the Company.

Stock Repurchases and Dividends

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⁾. In comparison, during the three-month period ended December 31, 2025, the Company repurchased 540,706 shares of common stock, which equated to a shareholder buyback yield of 0.27%⁽²⁾. 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 March 31, 2026, the Company paid a dividend of $0.21 per share. This cash dividend was consistent with the dividend paid during the fourth quarter of 2025.

Branches

The Company currently has 75 branches in Arkansas, 78 branches in Florida, 59 branches in Texas, 8 branches in Tennessee, 5 branches in Alabama and one branch in New York City.

Acquisition

Effective April 1, 2026, the Company completed its previously announced acquisition of Mountain Commerce Bancorp, Inc. ("Mountain Commerce" or "MCBI"), parent company of Mountain Commerce Bank, pursuant to the terms of a previously disclosed definitive agreement and plan of merger (the "Merger Agreement"). The acquisition was completed through a series of mergers resulting in Mountain Commerce merging into Home and Mountain Commerce Bank merging into Centennial (collectively, the "Merger").

Under the terms of the Merger Agreement, Home issued approximately 5.4 million shares of its common stock valued at approximately $146 million as of April 1, 2026, with MCBI shareholders receiving 0.85 shares of Home common stock for each share of MCBI common stock they owned at closing. No cash consideration was paid in connection with the Merger, except for cash paid in lieu of fractional shares of Home common stock, equal to $26.77 multiplied by any resulting fractional shares of Home common stock to which the former MCBI shareholders would have been entitled.

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, April 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/401378152. 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/LE9zwo3kRY977wuorjaoPFDRQh4g9LFnhMn. 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: 493634. A replay of the call will be available by calling 1-866-813-9403, Passcode: 515402, which will be available until April 23, 2026, at 10:59 p.m. CT. Internet access to the call will be available live or in recorded version on the Company's website at www.homebancshares.com.

About Home BancShares

Home BancShares, Inc. is a bank holding company headquartered in Conway, Arkansas. Its wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, Texas, 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 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 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)	Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025
ASSETS
Cash and due from banks	$	296,209		$	237,224		$	284,750		$	291,344		$	319,747
Interest-bearing deposits with other banks		815,714			430,113			516,170			809,729			975,983
Cash and cash equivalents		1,111,923			667,337			800,920			1,101,073			1,295,730
Federal funds sold		6,025			3,000			3,625			2,600			6,275
Investment securities - available-for-sale, net of allowance for credit losses		2,803,847			2,871,931			2,924,496			2,899,968			3,003,320
Investment securities - held-to-maturity, net of allowance for credit losses		1,256,635			1,259,262			1,264,200			1,265,292			1,269,896
Total investment securities		4,060,482			4,131,193			4,188,696			4,165,260			4,273,216
Loans receivable		15,633,628			15,686,209			15,285,972			15,180,624			14,952,116
Allowance for credit losses		(297,634	)		(297,583	)		(285,649	)		(281,869	)		(279,944	)
Loans receivable, net		15,335,994			15,388,626			15,000,323			14,898,755			14,672,172
Bank premises and equipment, net		374,010			369,324			374,515			379,729			384,843
Foreclosed assets held for sale		40,874			39,831			41,263			41,529			39,680
Cash value of life insurance		221,830			220,469			219,075			218,113			221,621
Accrued interest receivable		106,628			108,939			110,702			107,732			115,983
Deferred tax asset, net		143,987			148,022			155,963			174,323			170,120
Goodwill		1,398,253			1,398,253			1,398,253			1,398,253			1,398,253
Core deposit intangible		30,355			32,293			34,231			36,255			38,280
Other assets		371,318			374,592			380,236			383,400			376,030
Total assets	$	23,201,679		$	22,881,879		$	22,707,802		$	22,907,022		$	22,992,203

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Deposits:
Demand and non-interest-bearing	$	3,994,217		$	3,868,405		$	3,880,101		$	4,024,574		$	4,079,289
Savings and interest-bearing transaction accounts		11,971,866			11,792,828			11,500,921			11,571,949			11,586,106
Time deposits		1,772,192			1,818,724			1,946,674			1,891,909			1,876,096
Total deposits		17,738,275			17,479,957			17,327,696			17,488,432			17,541,491
Securities sold under agreements to repurchase		157,409			155,803			145,998			140,813			161,401
FHLB and other borrowed funds		500,250			500,250			550,500			550,500			600,500
Accrued interest payable and other liabilities		176,727			169,733			189,551			203,004			207,154
Subordinated debentures		279,433			279,265			279,093			438,957			439,102
Total liabilities		18,852,094			18,585,008			18,492,838			18,821,706			18,949,648

Shareholders' equity
Common stock		1,964			1,964			1,969			1,972			1,982
Capital surplus		2,191,243			2,201,923			2,214,211			2,221,576			2,246,312
Retained earnings		2,335,787			2,258,871			2,181,911			2,097,712			2,018,801
Accumulated other comprehensive loss		(179,409	)		(165,887	)		(183,127	)		(235,944	)		(224,540	)
Total shareholders' equity		4,349,585			4,296,871			4,214,964			4,085,316			4,042,555
Total liabilities and shareholders' equity	$	23,201,679		$	22,881,879		$	22,707,802		$	22,907,022		$	22,992,203

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

	Quarter Ended														Three Months Ended
(In thousands)	Mar. 31, 2026			Dec. 31, 2025		Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Mar. 31, 2026			Mar. 31, 2025
Interest income:
Loans	$	273,473		$	285,491	$	283,165		$	276,041		$	270,784		$	273,473		$	270,784
Investment securities
Taxable		24,728			25,860		26,326			26,444			27,433			24,728			27,433
Tax-exempt		7,829			7,834		7,743			7,626			7,650			7,829			7,650
Deposits - other banks		4,945			4,405		6,242			8,951			6,620			4,945			6,620
Federal funds sold		48			41		56			53			55			48			55
Total interest income		311,023			323,631		323,532			319,115			312,542			311,023			312,542
Interest expense:
Interest on deposits		79,145			83,739		87,962			88,489			86,786			79,145			86,786
FHLB and other borrowed funds		4,692			4,985		5,378			5,539			5,902			4,692			5,902
Securities sold under agreements to repurchase		927			962		1,019			1,012			1,074			927			1,074
Subordinated debentures		2,355			2,359		3,007			4,123			4,124			2,355			4,124
Total interest expense		87,119			92,045		97,366			99,163			97,886			87,119			97,886
Net interest income		223,904			231,586		226,166			219,952			214,656			223,904			214,656
Provision for credit losses on loans		1,500			14,400		6,700			3,000			—			1,500			—
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		500			14,400		3,506			3,000			—			500			—
Net interest income after credit loss expense		223,404			217,186		222,660			216,952			214,656			223,404			214,656
Non-interest income:
Service charges on deposit accounts		10,007			10,480		10,486			9,552			9,650			10,007			9,650
Other service charges and fees		9,810			11,148		12,130			12,643			10,689			9,810			10,689
Trust fees		5,482			5,121		4,600			5,234			4,760			5,482			4,760
Mortgage lending income		4,430			4,680		4,691			4,780			3,599			4,430			3,599
Insurance commissions		536			460		574			589			535			536			535
Increase in cash value of life insurance		1,368			1,400		1,404			1,415			1,842			1,368			1,842
Dividends from FHLB, FRB, FNBB & other		2,536			2,678		2,658			2,657			2,718			2,536			2,718
Gain on SBA loans		80			308		46			—			288			80			288
(Loss) gain on branches, equipment and other assets, net		(7	)		11		(66	)		972			(163	)		(7	)		(163	)
Gain (loss) on OREO, net		707			203		(1	)		13			(376	)		707			(376	)
Fair value adjustment for marketable securities		(1,248	)		1,173		1,020			(238	)		442			(1,248	)		442
Other income		9,102			12,838		13,963			13,462			11,442			9,102			11,442
Total non-interest income		42,803			50,500		51,505			51,079			45,426			42,803			45,426
Non-interest expense:
Salaries and employee benefits		63,236			62,891		63,804			64,318			61,855			63,236			61,855
Occupancy and equipment		14,867			14,434		14,828			14,023			14,425			14,867			14,425
Data processing expense		8,884			8,653		8,871			8,364			8,558			8,884			8,558
Merger and acquisition expenses		394			580		—			—			—			394			—
Other operating expenses		26,594			27,805		27,335			29,335			28,090			26,594			28,090
Total non-interest expense		113,975			114,363		114,838			116,040			112,928			113,975			112,928
Income before income taxes		152,232			153,323		159,327			151,991			147,154			152,232			147,154
Income tax expense		34,023			35,098		35,723			33,588			31,945			34,023			31,945
Net income	$	118,209		$	118,225	$	123,604		$	118,403		$	115,209		$	118,209		$	115,209

Home BancShares, Inc.
Selected Financial Information
(Unaudited)

	Quarter Ended															Three Months Ended
(Dollars and shares in thousands, except per share data)	Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Mar. 31, 2026			Mar. 31, 2025
PER SHARE DATA
Diluted earnings per common share	$	0.60		$	0.60		$	0.63		$	0.60		$	0.58		$	0.60		$	0.58
Diluted earnings per common share, as adjusted (non-GAAP)⁽¹⁾		0.60			0.60			0.61			0.58			0.56			0.60			0.56
Basic earnings per common share		0.60			0.60			0.63			0.60			0.58			0.60			0.58
Dividends per share - common		0.21			0.21			0.20			0.20			0.195			0.21			0.195
Shareholder buyback yield⁽²⁾		0.25	%		0.27	%		0.18	%		0.49	%		0.53	%		0.25	%		0.53	%
Book value per common share	$	22.15		$	21.88		$	21.41		$	20.71		$	20.40		$	22.15		$	20.40
Tangible book value per common share (non-GAAP)⁽¹⁾		14.87			14.60			14.13			13.44			13.15			14.87			13.15

STOCK INFORMATION
Average common shares outstanding		196,528			196,553			197,078			197,532			198,657			196,528			198,657
Average diluted shares outstanding		196,733			196,764			197,288			197,765			198,852			196,733			198,852
End of period common shares outstanding		196,394			196,357			196,889			197,239			198,206			196,394			198,206

ANNUALIZED PERFORMANCE METRICS
Return on average assets (ROA)		2.09	%		2.06	%		2.17	%		2.08	%		2.07	%		2.09	%		2.07	%
Return on average assets, as adjusted: (ROA, as adjusted) (non-GAAP)⁽¹⁾		2.09	%		2.05	%		2.10	%		2.02	%		2.01	%		2.09	%		2.01	%
Return on average assets excluding intangible amortization (non-GAAP)⁽¹⁾		2.25	%		2.22	%		2.34	%		2.25	%		2.24	%		2.25	%		2.24	%
Return on average assets, as adjusted, excluding intangible amortization (non-GAAP)⁽¹⁾		2.25	%		2.22	%		2.27	%		2.18	%		2.18	%		2.25	%		2.18	%
Return on average common equity (ROE)		11.09	%		11.04	%		11.91	%		11.77	%		11.75	%		11.09	%		11.75	%
Return on average common equity, as adjusted: (ROE, as adjusted) (non-GAAP)⁽¹⁾		11.08	%		11.01	%		11.54	%		11.39	%		11.41	%		11.08	%		11.41	%
Return on average tangible common equity (ROTCE) (non-GAAP)⁽¹⁾		16.56	%		16.65	%		18.28	%		18.26	%		18.39	%		16.56	%		18.39	%
Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) (non-GAAP)⁽¹⁾		16.55	%		16.60	%		17.70	%		17.68	%		17.87	%		16.55	%		17.87	%
Return on average tangible common equity excluding intangible amortization (non-GAAP)⁽¹⁾		16.76	%		16.85	%		18.51	%		18.50	%		18.64	%		16.76	%		18.64	%
Return on average tangible common equity, as adjusted, excluding intangible amortization (non-GAAP)⁽¹⁾		16.76	%		16.80	%		17.93	%		17.92	%		18.12	%		16.76	%		18.12	%

(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															Three Months Ended
(Dollars in thousands)	Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Mar. 31, 2026			Mar. 31, 2025
Efficiency ratio		41.59	%		39.54	%		40.21	%		41.68	%		42.22	%		41.59	%		42.22	%
Efficiency ratio, as adjusted (non-GAAP)⁽¹⁾		41.99	%		39.53	%		40.95	%		42.01	%		42.84	%		41.99	%		42.84	%
Net interest margin - FTE (NIM)		4.51	%		4.61	%		4.56	%		4.44	%		4.44	%		4.51	%		4.44	%
Fully taxable equivalent adjustment	$	2,661		$	2,252		$	2,916		$	2,526		$	2,534		$	2,661		$	2,534
Total revenue (net)		266,707			282,086			277,671			271,031			260,082			266,707			260,082
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)⁽¹⁾		152,732			167,723			162,833			154,991			147,154			152,732			147,154
PPNR, as adjusted (non-GAAP)⁽¹⁾		152,677			167,130			157,704			150,404			142,821			152,677			142,821
Pre-tax net income to total revenue (net)		57.08	%		54.35	%		57.38	%		56.08	%		56.58	%		57.08	%		56.58	%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)⁽¹⁾		57.06	%		54.14	%		55.53	%		54.39	%		54.91	%		57.06	%		54.91	%
P5_NR(Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)⁽¹⁾		57.27	%		59.46	%		58.64	%		57.19	%		56.58	%		57.27	%		56.58	%
P5_NR, as adjusted (non-GAAP)⁽¹⁾		57.25	%		59.25	%		56.80	%		55.49	%		54.91	%		57.25	%		54.91	%
Total purchase accounting accretion	$	1,061		$	1,265		$	1,272		$	1,233		$	1,378		$	1,061		$	1,378
Average purchase accounting loan discounts		12,507			13,753			15,009			16,219			17,493			12,507			17,493

OTHER OPERATING EXPENSES
Advertising	$	2,227		$	2,114		$	2,149		$	2,054		$	1,928		$	2,227		$	1,928
Amortization of intangibles		1,938			1,938			2,024			2,025			2,047			1,938			2,047
Electronic banking expense		3,326			3,288			3,357			3,172			3,055			3,326			3,055
Directors' fees		518			388			405			431			452			518			452
Due from bank service charges		333			324			404			283			281			333			281
FDIC and state assessment		1,599			2,970			3,245			1,636			3,387			1,599			3,387
Insurance		1,074			1,044			1,110			1,049			999			1,074			999
Legal and accounting		914			1,362			1,061			2,360			3,641			914			3,641
Other professional fees		1,946			2,168			2,083			2,211			1,947			1,946			1,947
Operating supplies		748			759			773			711			711			748			711
Postage		543			564			538			488			503			543			503
Telephone		363			382			367			419			436			363			436
Other expense		11,065			10,504			9,819			12,496			8,703			11,065			8,703
Total other operating expenses	$	26,594		$	27,805		$	27,335		$	29,335		$	28,090		$	26,594		$	28,090

(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)	Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025
BALANCE SHEET RATIOS
Total loans to total deposits		88.13	%		89.74	%		88.22	%		86.80	%		85.24	%
Common equity to assets		18.75	%		18.78	%		18.56	%		17.83	%		17.58	%
Tangible common equity to tangible assets (non-GAAP)⁽¹⁾		13.42	%		13.36	%		13.08	%		12.35	%		12.09	%
										.
LOANS RECEIVABLE
Real estate
Commercial real estate loans
Non-farm/non-residential	$	5,395,529		$	5,290,112		$	5,494,492		$	5,553,182		$	5,588,681
Construction/land development		2,613,604			2,726,993			2,709,197			2,695,561			2,735,760
Agricultural		321,046			332,412			331,301			315,926			335,437
Residential real estate loans
Residential 1-4 family		2,100,374			2,134,334			2,142,375			2,138,990			1,947,872
Multifamily residential		1,232,639			1,140,911			716,595			620,439			576,089
Total real estate		11,663,192			11,624,762			11,393,960			11,324,098			11,183,839
Consumer		1,254,936			1,253,746			1,233,523			1,218,834			1,227,745
Commercial and industrial		2,172,267			2,222,401			2,100,268			2,107,326			2,045,036
Agricultural		329,563			359,879			346,167			323,457			314,323
Other		213,670			225,421			212,054			206,909			181,173
Loans receivable	$	15,633,628		$	15,686,209		$	15,285,972		$	15,180,624		$	14,952,116

ALLOWANCE FOR CREDIT LOSSES
Balance, beginning of period	$	297,583		$	285,649		$	281,869		$	279,944		$	275,880
Loans charged off		2,849			3,063			4,651			4,071			3,458
Recoveries of loans previously charged off		1,400			597			1,731			2,996			7,522
Net loans charged off (recovered)		1,449			2,466			2,920			1,075			(4,064	)
Provision for credit losses - loans		1,500			14,400			6,700			3,000			—
Balance, end of period	$	297,634		$	297,583		$	285,649		$	281,869		$	279,944

Net charge-offs (recoveries) to average total loans		0.04	%		0.06	%		0.08	%		0.03	%		(0.11	)%
Allowance for credit losses to total loans		1.90	%		1.90	%		1.87	%		1.86	%		1.87	%

NON-PERFORMING ASSETS
Non-performing loans
Non-accrual loans	$	179,639		$	78,002		$	81,087		$	89,261		$	86,383
Loans past due 90 days or more		2,481			6,980			4,125			7,031			3,264
Total non-performing loans		182,120			84,982			85,212			96,292			89,647
Other non-performing assets
Foreclosed assets held for sale, net		40,874			39,831			41,263			41,529			39,680
Other non-performing assets		1,140			—			—			—			63
Total other non-performing assets		42,014			39,831			41,263			41,529			39,743
Total non-performing assets	$	224,134		$	124,813		$	126,475		$	137,821		$	129,390

Allowance for credit losses for loans to non-performing loans		163.43	%		350.17	%		335.22	%		292.72	%		312.27	%
Non-performing loans to total loans		1.16	%		0.54	%		0.56	%		0.63	%		0.60	%
Non-performing assets to total assets		0.97	%		0.55	%		0.56	%		0.60	%		0.56	%

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

Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)

	Three Months Ended
	March 31, 2026						December 31, 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	$	557,451	$	4,945	3.60	%	$	450,187	$	4,405	3.88	%
Federal funds sold		5,282		48	3.69	%		4,177		41	3.89	%
Investment securities - taxable		2,935,901		24,728	3.42	%		3,001,146		25,860	3.42	%
Investment securities - non-taxable - FTE		1,175,663		10,285	3.55	%		1,166,233		10,240	3.48	%
Loans receivable - FTE		15,680,598		273,678	7.08	%		15,506,534		285,337	7.30	%
Total interest-earning assets		20,354,895		313,684	6.25	%		20,128,277		325,883	6.42	%
Non-earning assets		2,599,546						2,658,575
Total assets	$	22,954,441					$	22,786,852

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts	$	11,868,976	$	64,408	2.20	%	$	11,613,721	$	67,534	2.31	%
Time deposits		1,795,501		14,737	3.33	%		1,858,205		16,205	3.46	%
Total interest-bearing deposits		13,664,477		79,145	2.35	%		13,471,926		83,739	2.47	%
Securities sold under agreement to repurchase		151,877		927	2.48	%		148,791		962	2.57	%
FHLB and other borrowed funds		500,250		4,692	3.80	%		518,188		4,985	3.82	%
Subordinated debentures		279,350		2,355	3.42	%		279,180		2,359	3.35	%
Total interest-bearing liabilities		14,595,954		87,119	2.42	%		14,418,085		92,045	2.53	%
Non-interest bearing liabilities
Non-interest bearing deposits		3,856,492						3,926,307
Other liabilities		177,275						193,604
Total liabilities		18,629,721						18,537,996
Shareholders' equity		4,324,720						4,248,856
Total liabilities and shareholders' equity	$	22,954,441					$	22,786,852
Net interest spread					3.83	%					3.89	%
Net interest income and margin - FTE			$	226,565	4.51	%			$	233,838	4.61	%

Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)

	Three Months Ended
	March 31, 2026						March 31, 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	$	557,451	$	4,945	3.60	%	$	611,962	$	6,620	4.39	%
Federal funds sold		5,282		48	3.69	%		5,091		55	4.38	%
Investment securities - taxable		2,935,901		24,728	3.42	%		3,179,290		27,433	3.50	%
Investment securities - non-taxable - FTE		1,175,663		10,285	3.55	%		1,135,783		10,061	3.59	%
Loans receivable - FTE		15,680,598		273,678	7.08	%		14,893,912		270,907	7.38	%
Total interest-earning assets		20,354,895		313,684	6.25	%		19,826,038		315,076	6.45	%
Non-earning assets		2,599,546						2,722,797
Total assets	$	22,954,441					$	22,548,835

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts	$	11,868,976	$	64,408	2.20	%	$	11,402,688	$	69,672	2.48	%
Time deposits		1,795,501		14,737	3.33	%		1,801,503		17,114	3.85	%
Total interest-bearing deposits		13,664,477		79,145	2.35	%		13,204,191		86,786	2.67	%
Securities sold under agreement to repurchase		151,877		927	2.48	%		155,861		1,074	2.79	%
FHLB and other borrowed funds		500,250		4,692	3.80	%		600,681		5,902	3.98	%
Subordinated debentures		279,350		2,355	3.42	%		439,173		4,124	3.81	%
Total interest-bearing liabilities		14,595,954		87,119	2.42	%		14,399,906		97,886	2.76	%
Non-interest bearing liabilities
Non-interest bearing deposits		3,856,492						3,980,944
Other liabilities		177,275						190,314
Total liabilities		18,629,721						18,571,164
Shareholders' equity		4,324,720						3,977,671
Total liabilities and shareholders' equity	$	22,954,441					$	22,548,835
Net interest spread					3.83	%					3.69	%
Net interest income and margin - FTE			$	226,565	4.51	%			$	217,190	4.44	%

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)

	Quarter Ended															Three Months Ended
(Dollars and shares in thousands, except per share data)	Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Mar. 31, 2026			Mar. 31, 2025
NET INCOME (EARNINGS), AS ADJUSTED
GAAP net income available to common shareholders (A)	$	118,209		$	118,225		$	123,604		$	118,403		$	115,209		$	118,209		$	115,209
Pre-tax adjustments
Merger and acquisition expense		394			580			—			—			—			394			—
Gain on retirement of subordinated debt		—			—			(1,882	)		—			—			—			—
FDIC special assessment credit		(1,697	)		—			—			(1,516	)		—			(1,697	)		—
BOLI death benefits		—			—			(187	)		(1,243	)		—			—			—
Gain on sale of premises and equipment		—			—			—			(983	)		—			—			—
Fair value adjustment for marketable securities		1,248			(1,173	)		(1,020	)		238			(442	)		1,248			(442	)
Special income from equity investment		—			—			—			(3,498	)		(3,891	)		—			(3,891	)
Legal fee reimbursement		—			—			—			(885	)		—			—			—
Legal claims expense		—			—			—			3,300			—			—			—
Recoveries on historic losses		—			—			(2,040	)		—			—			—			—
Total pre-tax adjustments		(55	)		(593	)		(5,129	)		(4,587	)		(4,333	)		(55	)		(4,333	)
Tax-effect of adjustments		(13	)		(231	)		(1,207	)		(817	)		(1,059	)		(13	)		(1,059	)
Total adjustments after-tax (B)		(42	)		(362	)		(3,922	)		(3,770	)		(3,274	)		(42	)		(3,274	)
Net income, as adjusted (C)	$	118,167		$	117,863		$	119,682		$	114,633		$	111,935		$	118,167		$	111,935

Average diluted shares outstanding (D)		196,733			196,764			197,288			197,765			198,852			196,733			198,852

GAAP diluted earnings per share: (A/D)	$	0.60		$	0.60		$	0.63		$	0.60		$	0.58		$	0.60		$	0.58
Adjustments after-tax: (B/D)		0.00			0.00			(0.02	)		(0.02	)		(0.02	)		0.00			(0.02	)
Diluted earnings per common share, as adjusted: (C/D)	$	0.60		$	0.60		$	0.61		$	0.58		$	0.56		$	0.60		$	0.56

ANNUALIZED RETURN ON AVERAGE ASSETS
Return on average assets: (A/E)		2.09	%		2.06	%		2.17	%		2.08	%		2.07	%		2.09	%		2.07	%
Return on average assets, as adjusted: (ROA, as adjusted) ((A+D)/E)		2.09	%		2.05	%		2.10	%		2.02	%		2.01	%		2.09	%		2.01	%
Return on average assets excluding intangible amortization: ((A+C)/(E-F))		2.25	%		2.22	%		2.34	%		2.25	%		2.24	%		2.25	%		2.24	%
Return on average assets, as adjusted, excluding intangible amortization: ((A+C+D)/(E-F))		2.25	%		2.22	%		2.27	%		2.18	%		2.18	%		2.25	%		2.18	%

GAAP net income available to common shareholders (A)	$	118,209		$	118,225		$	123,604		$	118,403		$	115,209		$	118,209		$	115,209
Amortization of intangibles (B)		1,938			1,938			2,024			2,025			2,047			1,938			2,047
Amortization of intangibles after-tax (C)		1,466			1,466			1,529			1,530			1,547			1,466			1,547
Adjustments after-tax (D)		(42	)		(362	)		(3,922	)		(3,770	)		(3,274	)		(42	)		(3,274	)
Average assets (E)		22,954,441			22,786,852			22,638,938			22,797,738			22,548,835			22,954,441			22,548,835
Average goodwill & core deposit intangible (F)		1,429,527			1,431,479			1,433,474			1,435,480			1,437,515			1,429,527			1,437,515

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)

	Quarter Ended															Three Months Ended
(Dollars in thousands)	Mar. 31, 2026			Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Mar. 31, 2026			Mar. 31, 2025
ANNUALIZED RETURN ON AVERAGE COMMON EQUITY
Return on average common equity: (A/D)		11.09	%		11.04	%		11.91	%		11.77	%		11.75	%		11.09	%		11.75	%
Return on average common equity, as adjusted: (ROE, as adjusted) ((A+C)/D)		11.08	%		11.01	%		11.54	%		11.39	%		11.41	%		11.08	%		11.41	%
Return on average tangible common equity: (ROTCE) (A/(D-E))		16.56	%		16.65	%		18.28	%		18.26	%		18.39	%		16.56	%		18.39	%
Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) ((A+C)/(D-E))		16.55	%		16.60	%		17.70	%		17.68	%		17.87	%		16.55	%		17.87	%
Return on average tangible common equity excluding intangible amortization: (B/(D-E))		16.76	%		16.85	%		18.51	%		18.50	%		18.64	%		16.76	%		18.64	%
Return on average tangible common equity, as adjusted, excluding intangible amortization: ((B+C)/(D-E))		16.76	%		16.80	%		17.93	%		17.92	%		18.12	%		16.76	%		18.12	%

GAAP net income available to common shareholders (A)	$	118,209		$	118,225		$	123,604		$	118,403		$	115,209		$	118,209		$	115,209
Earnings excluding intangible amortization (B)		119,675			119,691			125,133			119,933			116,756			119,675			116,756
Adjustments after-tax (C)		(42	)		(362	)		(3,922	)		(3,770	)		(3,274	)		(42	)		(3,274	)
Average common equity (D)		4,324,720			4,248,856			4,115,884			4,036,155			3,977,671			4,324,720			3,977,671
Average goodwill & core deposits intangible (E)		1,429,527			1,431,479			1,433,474			1,435,480			1,437,515			1,429,527			1,437,515

EFFICIENCY RATIO & P5NR
Efficiency ratio: ((D-G)/(B+C+E))		41.59	%		39.54	%		40.21	%		41.68	%		42.22	%		41.59	%		42.22	%
Efficiency ratio, as adjusted: ((D-G-I)/(B+C+E-H))		41.99	%		39.53	%		40.95	%		42.01	%		42.84	%		41.99	%		42.84	%
Pre-tax net income to total revenue (net) (A/(B+C))		57.08	%		54.35	%		57.38	%		56.08	%		56.58	%		57.08	%		56.58	%
Pre-tax net income, as adjusted, to total revenue (net) ((A+F)/(B+C))

HOMB's Top-Tier Performance Continues into 2026 with First Quarter Earnings of $118.2 Million, EPS of $0.60 and ROA of 2.09%