Home BancShares(HOMB)Q3 2026 GAAP净利/EPS创纪录，但核心盈利环比走弱、缩表且不良双升，盘后冲高回落

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________________
FORM
8-K
_________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 14, 2026
_________________________________
HOME BANCSHARES, INC.
(Exact name of Registrant as Specified in Its Charter)
_________________________________
Arkansas
001-41093
71-0682831
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
719 Harkrider
,
Suite 100
Conway
,
Arkansas
72032
(Address of Principal Executive Offices) (Zip Code)
(
501
)
339-2929
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
_________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.01 per share
HOMB
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
o
Item 2.02    Results of Operations and Financial Condition.
Home BancShares, Inc. (the “Company”) hereby furnishes its October 14, 2026 press release announcing third quarter 2026 earnings, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 7.01    Regulation FD Disclosure.
See Item 2.02. Results of Operations and Financial Condition.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1
Press Release: Home BancShares, Inc. Announces
Third
Quarter Earnings
99.2
Supplemental Presentation for Third Quarter Earnings Call
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Home BancShares, Inc.
Date:
October 14, 2026
By:
/s/ Jennifer C. Floyd
Jennifer C. Floyd
Chief Accounting Officer

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EX-99.1
2
homb093026earningsrelease.htm
EX-99.1
Document
EXHIBIT 99.1
For Immediate Release:
October 14, 2026
Home BancShares Reports Record Third Quarter Net Income, Bringing the Company Closer
to a Half-Billion-Dollar Year
Conway, AR – Home BancShares, Inc. (NYSE: HOMB) (“Home” or the “Company”), parent company of Centennial Bank, released quarterly earnings today.
Quarterly Highlights
Metric
Q3 2026
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Net income
$129.5 million
$119.3 million
$118.2 million
$118.2 million
$123.6 million
Net income, as adjusted (non-GAAP)
(1)
$129.1 million
$128.1 million
$118.2 million
$117.9 million
$119.7 million
Total revenue (net)
$288.4 million
$295.1 million
$266.7 million
$282.1 million
$277.7 million
Income before income taxes
$166.9 million
$154.4 million
$152.2 million
$153.3 million
$159.3 million
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)
(1)
$166.9 million
$159.6 million
$152.7 million
$167.7 million
$162.8 million
PPNR, as adjusted (non-GAAP)
(1)
$166.6 million
$171.2 million
$152.7 million
$167.1 million
$157.7 million
Pre-tax net income to total revenue (net)
57.87%
52.32%
57.08%
54.35%
57.38%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)
(1)
57.75%
56.27%
57.06%
54.14%
55.53%
P5
NR
(Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)
(1)
57.87%
54.08%
57.27%
59.46%
58.64%
P5
NR
, as adjusted (non-GAAP)
(1)
57.75%
58.03%
57.25%
59.25%
56.80%
ROA
2.12%
1.95%
2.09%
2.06%
2.17%
ROA, as adjusted (non-GAAP)
(1)
2.11%
2.09%
2.09%
2.05%
2.10%
NIM
4.53%
4.51%
4.51%
4.61%
4.56%
Purchase accounting accretion
$2.9 million
$3.6 million
$1.1 million
$1.3 million
$1.3 million
ROE
11.24%
10.55%
11.09%
11.04%
11.91%
ROE, as adjusted (non-GAAP)
(1)
11.20%
11.32%
11.08%
11.01%
11.54%
ROTCE (non-GAAP)
(1)
16.59%
15.67%
16.56%
16.65%
18.28%
ROTCE, as adjusted (non-GAAP)
(1)
16.54%
16.82%
16.55%
16.60%
17.70%
Diluted earnings per share
$0.65
$0.59
$0.60
$0.60
$0.63
Diluted earnings per share, as adjusted (non-GAAP)
(1)
$0.65
$0.64
$0.60
$0.60
$0.61
Non-performing assets to total assets
1.02%
0.93%
0.97%
0.55%
0.56%
Common equity tier 1 capital
16.7%
16.3%
16.7%
16.3%
16.1%
Leverage
14.3%
13.9%
14.3%
14.1%
13.8%
Tier 1 capital
16.7%
16.3%
16.7%
16.3%
16.1%
Total risk-based capital
19.4%
19.0%
19.5%
19.1%
18.9%
Allowance for credit losses to total loans
1.93%
1.92%
1.90%
1.90%
1.87%
Book value per share
$22.74
$22.68
$22.15
$21.88
$21.41
Tangible book value per share (non-GAAP)
(1)
$15.35
$15.32
$14.87
$14.60
$14.13
Dividends per share
$0.23
$0.21
$0.21
$0.21
$0.20
Shareholder buyback yield
(2)
0.69%
0.77%
0.25%
0.27%
0.18%
(1)
Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.
(2)
Calculation of this metric is included in the schedules accompanying this release.
“In banking some play the growth game. At HOMB, we focus on stability. Strength is no accident, it’s our culture, and for that I am proud. Our team delivered a very solid and safe third quarter,” said John Allison, Chairman.
Quarterly Financial Performance Trends
Net income reached a Company-record $129.5 million for the third quarter of 2026, compared to $119.3 million for the second quarter of 2026 and $123.6 million for the third quarter of 2025. Net income, as adjusted (non-GAAP)
(1)
, also reached a Company-record of $129.1 million, increasing 0.8% from $128.1 million in the prior quarter and 7.9% from $119.7 million in the third quarter of 2025.
PPNR (non-GAAP)
(1)
totaled $166.9 million for the third quarter of 2026, compared to $159.6 million in the prior quarter and $162.8 million in the third quarter of 2025. PPNR, as adjusted (non-GAAP)
(1)
totaled $166.6 million, compared to $171.2 million in the prior quarter and $157.7 million in the third quarter of 2025, reflecting the continued strength and resilience of the Company's earnings performance.
Dollar amounts presented below in thousands.
Net interest income after credit loss expense totaled $242.0 million for the third quarter of 2026, compared to $236.4 million in the prior quarter and $222.7 million for the third quarter of 2025. The increase from both the linked quarter and prior-year period was driven by strong net interest income generation and a reduction in credit loss expense.
Non-interest income totaled $46.4 million for the third quarter of 2026, compared to $53.5 million in the second quarter of 2026 and $51.5 million in the third quarter of 2025. Results for the quarter reflect the normal variability of fee-based revenue categories while continuing to contribute to the Company's overall earnings performance.
Total revenue (net) totaled $288.4 million for the third quarter of 2026, compared to $295.1 million in the prior quarter and $277.7 million in the third quarter of 2025. While revenue declined modestly from the linked quarter, results remained strong and increased from the third quarter of 2025, reflecting continued strength in net interest income and the Company's banking operations.
Non-interest expense totaled $121.5 million for the third quarter of 2026, compared to $135.5 million in the prior quarter and $114.8 million in the third quarter of 2025. The linked-quarter decrease was primarily driven by the absence of acquisition-related expenses incurred during the second quarter, while the increase from the prior-year quarter reflects the impact of franchise growth and continued investment in the Company's operations. Interest expense decreased from both the prior quarter and prior-year period, reflecting continued improvement in the Company's funding costs.
The efficiency ratio was 40.78% for the third quarter of 2026, compared to 44.54% in the prior quarter and 40.21% in the third quarter of 2025. The efficiency ratio, as adjusted (non-GAAP)
(1)
, was 40.84%, compared to 40.46% in the prior quarter and 40.95% in the third quarter of 2025. The improvement in the reported efficiency ratio from the linked quarter primarily reflects the absence of acquisition-related expenses recognized during the second quarter. On an adjusted basis, the efficiency ratio remained relatively stable compared to the prior quarter and improved modestly from the prior-year period, reflecting continued operating discipline.
Return on average assets (ROA) was 2.12% for the third quarter of 2026, compared to 1.95% in the prior quarter and 2.17% in the third quarter of 2025. ROA, as adjusted (non-GAAP)
(1)
, was 2.11%, compared to 2.09% in the prior quarter and 2.10% in the third quarter of 2025. The linked-quarter improvement in both reported and adjusted ROA reflects strong earnings performance and the absence of acquisition-related expenses recognized during the second quarter, while adjusted ROA improved from the prior-year quarter, demonstrating the Company's continued ability to generate strong returns on its asset base.
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 $22.74 at September 30, 2026, compared to $22.68 at June 30, 2026 and $21.41 at September 30, 2025. Tangible book value per share (non-GAAP)
(1)
increased to $15.35 from $15.32 in the prior quarter and $14.13 in the prior-year period. The continued growth in both book value per share and tangible book value per share reflects the Company's strong earnings generation during the past year and disciplined capital management.
Operating Highlights
Net income for the three-month period ended September 30, 2026 was $129.5 million, or $0.65 diluted earnings per share, both of which were records for the Company. When adjusting for non-fundamental items, net income and diluted earnings per share on an as-adjusted basis (non-GAAP), were $129.1 million
(1)
and $0.65 per share
(1)
,
respectively,
for the three months ended September 30, 2026.
Our net interest margin was 4.53% and 4.51% for the three-month periods ended September 30, 2026 and June 30, 2026, respectively. The yield on loans was 6.95% and 7.00% for the three months ended September 30, 2026 and June 30, 2026, respectively, as average loans decreased from $17.08 billion to $17.06 billion. The rate on interest bearing deposits decreased to 2.37% for the three-month period ended September 30, 2026, from 2.39% for the three-month period ended June 30, 2026, and average interest-bearing deposits decreased from $14.69 billion to $14.43 billion.
During the third quarter of 2026, there was $1.5 million of event interest income compared to $1.7 million of event interest income for the second quarter of 2026. Purchase accounting accretion on acquired loans was $2.9 million and $3.6 million for the three-month periods ended September 30, 2026 and June 30, 2026, respectively, and average purchase accounting loan discounts were $39.4 million and $42.0 million for the three-month periods ended September 30, 2026 and June 30, 2026, respectively. The decrease in accretion was dilutive to the net interest margin by one basis point.
Net interest income on a fully taxable equivalent basis was $244.5 million for the three-month period ended September 30, 2026, compared to $244.3 million for the three-month period ended June 30, 2026. This increase in net interest income for the three-month period ended September 30, 2026, was the result of a $2.3 million decrease in interest expense, which was partially offset by a $2.1 million decrease in interest income. The $2.3 million decrease in interest expense was due to a $1.2 million decrease in interest expense on deposits and a $1.1 million decrease in interest expense on FHLB and other borrowed funds. The $2.1 million decrease in interest income was primarily the result of a $1.6 million decrease in income from interest-bearing balances due from banks and a $963,000 decrease in income from investments.
The Company reported $46.4 million of non-interest income for the third quarter of 2026. The most important components of non-interest income were $12.0 million from other service charges and fees, $11.6 million from other income, $10.4 million from service charges on deposit accounts, $4.0 million from trust fees, $3.8 million in mortgage lending income, $2.6 million from dividends from FHLB, FRB, FNBB and other, $1.5 million from the increase in cash value of life insurance, $744,000 in income from the gain on sale of branches, equipment and other assets and $561,000 in insurance commissions, which were partially offset by $916,000 in expense from the fair value adjustment for marketable securities. Included within other income was $528,000 in bank-owned life insurance death benefit income, and included within the $744,000 in income from the gain on sale of branches, equipment and other assets was a $710,000 gain from the sale of a former branch location in Arkansas.
Non-interest expense for the third quarter of 2026 was $121.5 million. The most important components of non-interest expense were $67.6 million of salaries and employee benefits expense, $28.9 million in other operating expense, $15.8 million in occupancy and equipment expenses, and $9.2 million in data processing expenses.
For the third quarter of 2026, our efficiency ratio was 40.78%, and our efficiency ratio, as adjusted (non-GAAP), was 40.84%
(1)
.
Financial Condition
Total loans receivable were $16.91 billion at September 30, 2026, compared to $17.13 billion at June 30, 2026. Total deposits were $18.76 billion at September 30, 2026, compared to $19.11 billion at June 30, 2026. Total assets were $24.15 billion at September 30, 2026, compared to $24.71 billion at June 30, 2026.
During the third quarter of 2026, the Company had a $216.6 million decrease in loans. Our community banking footprint experienced $255.7 million in organic loan decline during the quarter ended September 30, 2026, while Centennial CFG experienced $39.1 million of organic loan growth in the third quarter, with $2.08 billion of loans outstanding at September 30, 2026.
Non-performing loans to total loans were 1.19% and 1.08% at September 30, 2026 and June 30, 2026, respectively. Non-performing assets to total assets were 1.02% and 0.93% at September 30, 2026 and June 30, 2026, respectively. Net loans charged-off were $2.1 million and $5.8 million for the three months ended September 30, 2026 and June 30, 2026, respectively. The charge-off detail by region for the quarters ended September 30, 2026 and June 30, 2026 can be seen below.
For the Three Months Ended September 30, 2026
(in thousands)
Texas
Arkansas
Centennial CFG
Shore Premier Finance
Florida
Tennessee
Alabama
Total
Charge-offs
$
848
$
947
$
—
$
679
$
1,165
$
18
$
12
$
3,669
Recoveries
(199)
(228)
—
(6)
(1,085)
—
(2)
(1,520)
Net charge-offs (recoveries)
$
649
$
719
$
—
$
673
$
80
$
18
$
10
$
2,149
For the Three Months Ended June 30, 2026
(in thousands)
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
At September 30, 2026, non-performing loans were $200.8 million, and non-performing assets were $245.3 million. At June 30, 2026, non-performing loans were $185.3 million, and non-performing assets were $228.6 million.
The table below shows the non-performing loans and non-performing assets by region as of September 30, 2026:
(in thousands)
Texas
Arkansas
Centennial CFG
Shore Premier Finance
Florida
Tennessee
Alabama
Total
Non-accrual loans
$
126,160
$
18,322
$
14,844
$
9,789
$
22,581
$
4,049
$
44
$
195,789
Loans 90+ days past due
2,129
1,079
—
—
1,810
—
—
5,018
Total non-performing loans
128,289
19,401
14,844
9,789
24,391
4,049
44
200,807
Foreclosed assets held for sale
16,379
2,478
22,812
—
315
1,382
—
43,366
Other non-performing assets
—
—
—
1,140
—
—
—
1,140
Total other non-performing assets
16,379
2,478
22,812
1,140
315
1,382
—
44,506
Total non-performing assets
$
144,668
$
21,879
$
37,656
$
10,929
$
24,706
$
5,431
$
44
$
245,313
The table below shows the non-performing loans and non-performing assets by region as of June 30, 2026:
(in thousands)
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 Company’s allowance for credit losses on loans was $326.2 million, or 1.93% of total loans, at September 30, 2026 compared to $328.4 million, or 1.92% of total loans, at June 30, 2026. As of September 30, 2026 and June 30, 2026, the Company’s allowance for credit losses on loans was 162.45% and 177.19% of its total non-performing loans, respectively.
Shareholders’ equity was $4.53 billion at September 30, 2026, which decreased approximately $17.7 million from June 30, 2026. The net decrease in shareholders’ equity is primarily associated with the $64.9 million decrease in accumulated other comprehensive income, the $39.6 million in stock repurchases for the quarter and the $46.0 million in dividends paid during the quarter, which were partially offset by the $129.5 million in net income for the quarter. Book value per common share was $22.74 at September 30, 2026, compared to $22.68 at June 30, 2026. Tangible book value per common share (non-GAAP) was $15.35
(1)
at September 30, 2026, compared to $15.32
(1)
at June 30, 2026. Book value per common share and tangible book value per common share, as of September 30, 2026, were both records for the Company.
Stock Repurchases and Dividends
During the three-month period ended September 30, 2026, the Company repurchased 1.3 million shares of common stock, which equated to a shareholder buyback yield of 0.69%
(2)
. In comparison, during the three-month period ended June 30, 2026, the Company repurchased 1.5 million shares of common stock, which equated to a shareholder buyback yield of 0.77%
(2)
. The Company defines shareholder buyback yield as the percentage of the Company’s market capitalization spent on share repurchases. It reflects how much the Company is returning to the shareholders by reducing the number of outstanding shares, and it is calculated by dividing the Company’s total share repurchase cost for the period by the Company’s total market capitalization at the beginning of the period.
In addition, during the quarter ended September 30, 2026, the Company paid a dividend of $0.23 per share. This cash dividend represented a $0.02, or 9.5%, increase over the $0.21 cash dividend paid during the second quarter of 2026 and a $0.03, or 15.0%, increase over the $0.20 cash dividend paid during the third quarter of 2025.
Branches
The Company currently has 75 branches in Arkansas, 78 branches in Florida, 59 branches in Texas, 8 branches in Tennessee, 5 branches in Alabama and one branch in New York City.
Conference Call
Management will conduct a conference call to review this information at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, October 15, 2026. We strongly encourage all participants to pre-register for the conference call webcast or the live call using one of the following links. First, participants can pre-register for the conference call webcast using the following link: https://events.q4inc.com/attendee/887189816. Participants who pre-register will be given a unique webcast link to gain immediate access to the conference call webcast. Second, participants can pre-register for the live call using the following link: https://events.q4inc.com/analyst/887189816?pwd=Khijd6H0. Participants who pre-register will be given the phone number and unique access codes to gain immediate access to the live call. Participants may pre-register now, or at any time prior to the call, and will immediately receive simple instructions via email. The Home BancShares conference call will also be scheduled as an event in your Outlook calendar.
Those without internet access or unable to pre-register may dial in and listen to the live call by calling 1-833-461-5787, Passcode: 887189816. A replay of the call will be available using the following link: https://events.q4inc.com/attendee/887189816. Internet access to the call will be available live or in recorded version on the Company's website at www.homebancshares.com.
About Home BancShares
Home BancShares, Inc. is a bank holding company headquartered in Conway, Arkansas. Its wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, Texas, Tennessee, South Alabama and New York City. The Company’s common stock is traded through the New York Stock Exchange under the symbol “HOMB.” The Company was founded in 1998. Visit www.homebancshares.com or www.my100bank.com for more information.
Non-GAAP Financial Measures
This press release contains financial information determined by methods other than in accordance with generally accepted accounting principles (GAAP). The Company’s management uses these non-GAAP financial measures--including net income (earnings), as adjusted; pre-tax, pre-provision, net income (PPNR); PPNR, as adjusted; pre-tax net income, as adjusted, to total revenue (net); pre-tax, pre-provision, profit percentage; pre-tax, pre-provision, profit percentage, as adjusted; diluted earnings per common share, as adjusted; return on average assets, as adjusted; return on average assets excluding intangible amortization; return on average assets, as adjusted, excluding intangible amortization; return on average common equity, as adjusted; return on average tangible common equity; return on average tangible common equity, as adjusted; return on average tangible common equity excluding intangible amortization; return on average tangible common equity, as adjusted, excluding intangible amortization; efficiency ratio, as adjusted; tangible book value per common share and tangible common equity to tangible assets--to provide meaningful supplemental information regarding our performance. These measures typically adjust GAAP performance measures to include the tax benefit associated with revenue items that are tax-exempt, as well as adjust income and equity available to common shareholders for certain significant items or transactions that management believes are not indicative of the Company’s primary business operating results. Since the presentation of these GAAP performance measures and their impact differ between companies, management believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company’s business. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables of this release.
(1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.
(2) Calculation of this metric is included in the schedules accompanying this release.
General
This release contains forward-looking statements regarding the Company’s plans, expectations, goals and outlook for the future, including future financial results. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including any prospective financial information, are not fact and should not be relied upon as being guarantees or necessarily indicative of future events, performance or results. Readers are cautioned not to place undue reliance on any prospective financial information or other forward-looking statements contained in this news release. When we use words or phrases like “may,” “will,” “plan,” “propose,” “contemplate,” “anticipate,” “believe,” “intend,” “continue,” “expect,” “project,” “predict,” “estimate,” “could,” “should,” “would,” “bringing it closer to” and similar expressions, you should consider them as identifying forward-looking statements, although we may use other phrasing. Forward-looking statements of this type speak only as of the date of this news release and are based on various assumptions, estimates and judgments. By nature, forward-looking statements involve inherent risks and uncertainties. Various factors could cause actual results to differ materially from those contemplated by the forward-looking statements. These factors include, but are not limited to, the following: economic conditions, credit quality, interest rates, loan demand, real estate values and unemployment, including any future impacts from inflation or changes in tariffs or trade policies; the risk that the anticipated benefits from the completed acquisition of Mountain Commerce Bancorp, Inc. (“MCBI”) may not be fully realized or may take longer to realize than expected, including as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Home and MCBI operate; the ability to promptly and effectively integrate the businesses of Home and MCBI; the ability to retain key employees, customers and business relationships following the acquisition; the reaction to the completed acquisition of the companies’ customers, employees and counterparties; diversion of management time on integration-related issues; the possibility that the costs of integration may be greater than anticipated; the effect of any future mergers, acquisitions or other transactions to which we or our bank subsidiary may from time to time be a party, including as a result of one or more of the factors described above as they would relate to such transaction; the ability to identify, complete and successfully integrate additional acquisitions; the availability of and access to capital and liquidity on terms acceptable to us; legislative and regulatory changes and risks and expenses associated with current and future legislation and regulations; technological changes and cybersecurity risks and incidents; the effects of changes in accounting policies and practices; changes in governmental monetary and fiscal policies; the impacts of political instability, ongoing or future military conflicts and other major domestic or international events; the impacts of recent or future adverse weather events, including hurricanes, and other natural disasters; competition from other financial institutions; potential claims, expenses and other adverse effects related to current or future litigation, regulatory examinations or other government actions; potential increases in deposit insurance assessments, increased regulatory scrutiny or market disruptions resulting from financial challenges in the banking industry; disruptions, uncertainties and related effects on credit quality, liquidity and other aspects of our business and operations that may result from any future public health crises; changes in the assumptions used in making the forward-looking statements; and other factors described in reports we file with the Securities and Exchange Commission (the “SEC”), including those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 27, 2026. Home undertakes no obligation to update the information in this press release, except as otherwise required by law.
####
FOR MORE INFORMATION CONTACT:
Donna Townsell
Director of Investor Relations
Home BancShares, Inc.
(501) 328-4625
Home BancShares, Inc.
Consolidated End of Period Balance Sheets
(Unaudited)
(In thousands)
Sep 30,
2026
Jun 30,
2026
Mar 31,
2026
Dec 31,
2025
Sep 30,
2025
ASSETS
Cash and due from banks
$
281,515
$
279,660
$
296,209
$
237,224
$
284,750
Interest-bearing deposits with other banks
577,537
772,859
815,714
430,113
516,170
Cash and cash equivalents
859,052
1,052,519
1,111,923
667,337
800,920
Federal funds sold
4,025
5,450
6,025
3,000
3,625
Investment securities - available-for-sale,
net of allowance for credit losses
2,613,377
2,776,216
2,803,847
2,871,931
2,924,496
Investment securities - held-to-maturity,
net of allowance for credit losses
1,250,246
1,254,802
1,256,635
1,259,262
1,264,200
Total investment securities
3,863,623
4,031,018
4,060,482
4,131,193
4,188,696
Loans receivable
16,910,621
17,127,208
15,633,628
15,686,209
15,285,972
Allowance for credit losses
(326,220)
(328,369)
(297,634)
(297,583)
(285,649)
Loans receivable, net
16,584,401
16,798,839
15,335,994
15,388,626
15,000,323
Bank premises and equipment, net
439,729
437,552
374,010
369,324
374,515
Foreclosed assets held for sale
43,366
42,139
40,874
39,831
41,263
Cash value of life insurance
232,361
233,515
221,830
220,469
219,075
Accrued interest receivable
111,688
108,384
106,628
108,939
110,702
Deferred tax asset, net
170,002
153,803
143,987
148,022
155,963
Goodwill
1,410,211
1,410,211
1,398,253
1,398,253
1,398,253
Core deposit intangible
62,651
65,541
30,355
32,293
34,231
Other assets
364,555
374,277
371,318
374,592
380,236
Total assets
$
24,145,664
$
24,713,248
$
23,201,679
$
22,881,879
$
22,707,802
LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits:
Demand and non-interest-bearing
$
4,209,426
$
4,447,710
$
3,994,217
$
3,868,405
$
3,880,101
Savings and interest-bearing transaction
accounts
12,354,400
12,423,361
11,971,866
11,792,828
11,500,921
Time deposits
2,191,743
2,242,034
1,772,192
1,818,724
1,946,674
Total deposits
18,755,569
19,113,105
17,738,275
17,479,957
17,327,696
Securities sold under agreements to repurchase
161,181
158,744
157,409
155,803
145,998
FHLB and other borrowed funds
250,250
450,250
500,250
500,250
550,500
Accrued interest payable and other liabilities
169,129
164,112
176,727
169,733
189,551
Subordinated debentures
279,774
279,602
279,433
279,265
279,093
Total liabilities
19,615,903
20,165,813
18,852,094
18,585,008
18,492,838
Shareholders' equity
Common stock
1,992
2,005
1,964
1,964
1,969
Capital surplus
2,265,268
2,301,551
2,191,243
2,201,923
2,214,211
Retained earnings
2,496,333
2,412,859
2,335,787
2,258,871
2,181,911
Accumulated other comprehensive loss
(233,832)
(168,980)
(179,409)
(165,887)
(183,127)
Total shareholders' equity
4,529,761
4,547,435
4,349,585
4,296,871
4,214,964
Total liabilities and shareholders' equity
$
24,145,664
$
24,713,248
$
23,201,679
$
22,881,879
$
22,707,802
Home BancShares, Inc.
Consolidated Statements of Income
(Unaudited)
Quarter Ended
Nine Months Ended
(In thousands)
Sep 30,
2026
Jun 30,
2026
Mar 31,
2026
Dec 31,
2025
Sep 30,
2025
Sep 30,
2026
Sep 30,
2025
Interest income:
Loans
$
298,625
$
298,066
$
273,473
$
285,491
$
283,165
$
870,164
$
829,990
Investment securities
Taxable
24,971
25,787
24,728
25,860
26,326
75,486
80,203
Tax-exempt
7,711
7,811
7,829
7,834
7,743
23,351
23,019
Deposits - other banks
3,546
5,135
4,945
4,405
6,242
13,626
21,813
Federal funds sold
43
37
48
41
56
128
164
Total interest income
334,896
336,836
311,023
323,631
323,532
982,755
955,189
Interest expense:
Interest on deposits
86,280
87,432
79,145
83,739
87,962
252,857
263,237
FHLB and other borrowed funds
3,255
4,346
4,692
4,985
5,378
12,293
16,819
Securities sold under agreements to
repurchase
1,009
1,057
927
962
1,019
2,993
3,105
Subordinated debentures
2,359
2,358
2,355
2,359
3,007
7,072
11,254
Total interest expense
92,903
95,193
87,119
92,045
97,366
275,215
294,415
Net interest income
241,993
241,643
223,904
231,586
226,166
707,540
660,774
Provision for credit losses on loans
—
5,200
1,500
14,400
6,700
6,700
9,700
Recovery of credit losses on
unfunded commitments
—
—
(1,000)
—
(1,000)
(1,000)
(1,000)
Recovery of credit losses on investment
securities
—
—
—
—
(2,194)
—
(2,194)
Total credit loss expense
—
5,200
500
14,400
3,506
5,700
6,506
Net interest income after credit loss expense
241,993
236,443
223,404
217,186
222,660
701,840
654,268
Non-interest income:
Service charges on deposit accounts
10,403
10,030
10,007
10,480
10,486
30,440
29,688
Other service charges and fees
12,008
12,973
9,810
11,148
12,130
34,791
35,462
Trust fees
3,969
6,109
5,482
5,121
4,600
15,560
14,594
Mortgage lending income
3,783
5,139
4,430
4,680
4,691
13,352
13,070
Insurance commissions
561
578
536
460
574
1,675
1,698
Increase in cash value of life insurance
1,530
1,553
1,368
1,400
1,404
4,451
4,661
Dividends from FHLB, FRB, FNBB & other
2,640
2,841
2,536
2,678
2,658
8,017
8,033
Gain on SBA loans
—
—
80
308
46
80
334
Gain (loss) on branches, equipment and other
assets, net
744
3
(7)
11
(66)
740
743
Gain (loss) on OREO, net
81
332
707
203
(1)
1,120
(364)
Fair value adjustment for marketable
securities
(916)
817
(1,248)
1,173
1,020
(1,347)
1,224
Other income
11,643
13,079
9,102
12,838
13,963
33,824
38,867
Total non-interest income
46,446
53,454
42,803
50,500
51,505
142,703
148,010
Non-interest expense:
Salaries and employee benefits
67,607
68,742
63,236
62,891
63,804
199,585
189,977
Occupancy and equipment
15,819
15,787
14,867
14,434
14,828
46,473
43,276
Data processing expense
9,187
9,307
8,884
8,653
8,871
27,378
25,793
Merger and acquisition expenses
—
12,726
394
580
—
13,120
—
Other operating expenses
28,919
28,932
26,594
27,805
27,335
84,445
84,760
Total non-interest expense
121,532
135,494
113,975
114,363
114,838
371,001
343,806
Income before income taxes
166,907
154,403
152,232
153,323
159,327
473,542
458,472
Income tax expense
37,456
35,076
34,023
35,098
35,723
106,555
101,256
Net income
$
129,451
$
119,327
$
118,209
$
118,225
$
123,604
$
366,987
$
357,216
Home BancShares, Inc.
Selected Financial Information
(Unaudited)
Quarter Ended
Nine Months Ended
(Dollars and shares in thousands, except per share data)
Sep 30, 2026
Jun 30, 2026
Mar 31, 2026
Dec 31, 2025
Sep 30, 2025
Sep 30, 2026
Sep 30, 2025
PER SHARE DATA
Diluted earnings per common share
$
0.65
$
0.59
$
0.60
$
0.60
$
0.63
$
1.84
$
1.80
Diluted earnings per common share, as adjusted
(non-GAAP)
(1)
0.65
0.64
0.60
0.60
0.61
1.88
1.75
Basic earnings per common share
0.65
0.59
0.60
0.60
0.63
1.84
1.81
Dividends per share - common
0.23
0.21
0.21
0.21
0.20
0.65
0.595
Shareholder buyback yield
(2)
0.69%
0.77%
0.25%
0.27%
0.18%
1.73%
1.19%
Book value per common share
$
22.74
$
22.68
$
22.15
$
21.88
$
21.41
$
22.74
$
21.41
Tangible book value per common share
(non-GAAP)
(1)
15.35
15.32
14.87
14.60
14.13
15.35
14.13
STOCK INFORMATION
Average common shares outstanding
199,868
201,223
196,528
196,553
197,078
199,219
197,750
Average diluted shares outstanding
200,051
201,420
196,733
196,764
197,288
199,413
197,952
End of period common shares outstanding
199,210
200,460
196,394
196,357
196,889
199,210
196,889
ANNUALIZED PERFORMANCE METRICS
Return on average assets (ROA)
2.12
%
1.95
%
2.09
%
2.06
%
2.17
%
2.05
%
2.11
%
Return on average assets, as adjusted:
(ROA, as adjusted) (non-GAAP)
(1)
2.11
2.09
2.09
2.05
2.10
2.10
2.04
Return on average assets excluding intangible
amortization (non-GAAP)
(1)
2.30
2.12
2.25
2.22
2.34
2.22
2.28
Return on average assets, as adjusted, excluding
intangible amortization (non-GAAP)
(1)
2.29
2.27
2.25
2.22
2.27
2.27
2.21
Return on average common equity (ROE)
11.24
10.55
11.09
11.04
11.91
10.94
11.81
Return on average common equity, as adjusted:
(ROE, as adjusted) (non-GAAP)
(1)
11.20
11.32
11.08
11.01
11.54
11.19
11.45
Return on average tangible common equity
(ROTCE) (non-GAAP)
(1)
16.59
15.67
16.56
16.65
18.28
16.23
18.31
Return on average tangible common equity, as adjusted:
(ROTCE, as adjusted) (non-GAAP)
(1)
16.54
16.82
16.55
16.60
17.70
16.59
17.75
Return on average tangible common equity excluding
intangible amortization (non-GAAP)
(1)
16.87
15.96
16.76
16.85
18.51
16.48
18.55
Return on average tangible common equity, as adjusted,
excluding intangible amortization (non-GAAP)
(1)
16.82
17.11
16.76
16.80
17.93
16.85
17.98
(1)  Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.
(2) Calculation of this metric is included in the schedules accompanying this release.
Home BancShares, Inc.
Selected Financial Information
(Unaudited)
Quarter Ended
Nine Months Ended
(Dollars in thousands)
Sep 30, 2026
Jun 30, 2026
Mar 31, 2026
Dec 31, 2025
Sep 30, 2025
Sep 30, 2026
Sep 30, 2025
Efficiency ratio
40.78
%
44.54
%
41.59
%
39.54
%
40.21
%
42.34
%
41.35
%
Efficiency ratio, as adjusted (non-GAAP)
(1)
40.84
40.46
41.99
39.53
40.95
41.07
41.91
Net interest margin - FTE (NIM)
4.53
4.51
4.51
4.61
4.56
4.52
4.48
Fully taxable equivalent adjustment
$
2,516
$
2,653
$
2,661
$
2,252
$
2,916
$
7,830
$
7,976
Total revenue (net)
288,439
295,097
266,707
282,086
277,671
850,243
808,784
Pre-tax, pre-provision, net income (PPNR)
(non-GAAP)
(1)
166,907
159,603
152,732
167,723
162,833
479,242
464,978
PPNR, as adjusted (non-GAAP)
(1)
166,585
171,238
152,677
167,130
157,704
490,500
450,929
Pre-tax net income to total revenue (net)
57.87
%
52.32
%
57.08
%
54.35
%
57.38
%
55.69
%
56.69
%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)
(1)
57.75
56.27
57.06
54.14
55.53
57.02
54.95
P5
NR
((Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)
(1)
57.87
54.08
57.27
59.46
58.64
56.37
57.49
P5
NR
, as adjusted (non-GAAP)
(1)
57.75
58.03
57.25
59.25
56.80
57.69
55.75
Total purchase accounting accretion
$
2,875
$
3,618
$
1,061
$
1,265
$
1,272
$
7,554
$
3,883
Average purchase accounting loan discounts
39,395
41,962
12,507
13,753
15,009
31,399
16,257
OTHER OPERATING EXPENSES
Advertising
$
2,179
$
2,214
$
2,227
$
2,114
$
2,149
$
6,620
$
6,131
Amortization of intangibles
2,890
2,889
1,938
1,938
2,024
7,717
6,096
Electronic banking expense
2,950
3,223
3,326
3,288
3,357
9,499
9,584
Directors' fees
402
416
518
388
405
1,336
1,288
Due from bank service charges
335
344
333
324
404
1,012
968
FDIC and state assessment
3,498
3,045
1,599
2,970
3,245
8,142
8,268
Insurance
1,073
1,090
1,074
1,044
1,110
3,237
3,158
Legal and accounting
1,235
1,426
914
1,362
1,061
3,575
7,062
Other professional fees
2,523
2,247
1,946
2,168
2,083
6,716
6,241
Operating supplies
877
769
748
759
773
2,394
2,195
Postage
580
684
543
564
538
1,807
1,529
Telephone
267
324
363
382
367
954
1,222
Other expense
10,110
10,261
11,065
10,504
9,819
31,436
31,018
Total other operating expenses
$
28,919
$
28,932
$
26,594
$
27,805
$
27,335
$
84,445
$
84,760
(1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.
Home BancShares, Inc.
Selected Financial Information
(Unaudited)
(Dollars in thousands)
Sep 30,
2026
Jun 30,
2026
Mar 31,
2026
Dec 31,
2025
Sep 30,
2025
BALANCE SHEET RATIOS
Total loans to total deposits
90.16
%
89.61
%
88.13
%
89.74
%
88.22
%
Common equity to assets
18.76
18.40
18.75
18.78
18.56
Tangible common equity to tangible assets
(non-GAAP)
(1)
13.48
13.22
13.42
13.36
13.08
LOANS RECEIVABLE
Real estate
Commercial real estate loans
Non-farm/non-residential
$
5,543,038
$
5,921,829
$
5,395,529
$
5,290,112
$
5,494,492
Construction/land development
2,851,115
2,780,116
2,613,604
2,726,993
2,709,197
Agricultural
326,929
329,231
321,046
332,412
331,301
Residential real estate loans
Residential 1-4 family
2,486,120
2,545,462
2,100,374
2,134,334
2,142,375
Multifamily residential
1,281,202
1,269,728
1,232,639
1,140,911
716,595
Total real estate
12,488,404
12,846,366
11,663,192
11,624,762
11,393,960
Consumer
1,305,141
1,278,008
1,254,936
1,253,746
1,233,523
Commercial and industrial
2,330,327
2,285,054
2,172,267
2,222,401
2,100,268
Agricultural
372,834
356,611
329,563
359,879
346,167
Other
413,915
361,169
213,670
225,421
212,054
Loans receivable
$
16,910,621
$
17,127,208
$
15,633,628
$
15,686,209
$
15,285,972
ALLOWANCE FOR CREDIT LOSSES
Balance, beginning of period
$
328,369
$
297,634
$
297,583
$
285,649
$
281,869
Allowance for credit losses on acquired loans - MCBI
—
31,333
—
—
—
Loans charged off
3,669
6,520
2,849
3,063
4,651
Recoveries of loans previously charged off
1,520
722
1,400
597
1,731
Net loans charged off (recovered)
2,149
5,798
1,449
2,466
2,920
Provision for credit losses - loans
—
5,200
1,500
14,400
6,700
Balance, end of period
$
326,220
$
328,369
$
297,634
$
297,583
$
285,649
Net charge-offs (recoveries) to average total loans
0.05
%
0.14
%
0.04
%
0.06
%
0.08
%
Allowance for credit losses to total loans
1.93
1.92
1.90
1.90
1.87
NON-PERFORMING ASSETS
Non-performing loans
Non-accrual loans
$
195,789
$
183,199
$
179,639
$
78,002
$
81,087
Loans past due 90 days or more
5,018
2,126
2,481
6,980
4,125
Total non-performing loans
200,807
185,325
182,120
84,982
85,212
Other non-performing assets
Foreclosed assets held for sale, net
43,366
42,139
40,874
39,831
41,263
Other non-performing assets
1,140
1,140
1,140
—
—
Total other non-performing assets
44,506
43,279
42,014
39,831
41,263
Total non-performing assets
$
245,313
$
228,604
$
224,134
$
124,813
$
126,475
Allowance for credit losses for loans to non-performing loans
162.45
%
177.19
%
163.43
%
350.17
%
335.22
%
Non-performing loans to total loans
1.19
1.08
1.16
0.54
0.56
Non-performing assets to total assets
1.02
0.93
0.97
0.55
0.56
(1) Calculation of this metric and the reconciliation to GAAP is included in the schedules accompanying this release.
Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
Three Months Ended
September 30, 2026
June 30, 2026
(Dollars in thousands)
Average
Balance
Income/
Expense
Yield/
Rate
Average
Balance
Income/
Expense
Yield/
Rate
ASSETS
Earning assets
Interest-bearing balances due from banks
$
401,244
$
3,546
3.51
%
$
555,186
$
5,135
3.71
%
Federal funds sold
4,743
43
3.60
4,042
37
3.67
Investment securities - taxable
2,792,283
24,971
3.55
2,936,008
25,787
3.52
Investment securities - non-taxable - FTE
1,174,643
10,113
3.42
1,165,876
10,260
3.53
Loans receivable - FTE
17,055,603
298,739
6.95
17,083,743
298,270
7.00
Total interest-earning assets
21,428,516
337,412
6.25
21,744,855
339,489
6.26
Non-earning assets
2,791,365
2,780,403
Total assets
$
24,219,881
$
24,525,258
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts
$
12,209,970
$
68,052
2.21
%
$
12,392,404
$
68,650
2.22
%
Time deposits
2,224,381
18,228
3.25
2,301,685
18,782
3.27
Total interest-bearing deposits
14,434,351
86,280
2.37
14,694,089
87,432
2.39
Federal funds purchased
11
—
—
30
—
—
Securities sold under agreement to
repurchase
151,203
1,009
2.65
167,885
1,057
2.53
FHLB and other borrowed funds
351,588
3,255
3.67
466,734
4,346
3.73
Subordinated debentures
279,689
2,359
3.35
279,519
2,358
3.38
Total interest-bearing liabilities
15,216,842
92,903
2.42
15,608,257
95,193
2.45
Non-interest bearing liabilities
Non-interest bearing deposits
4,251,520
4,222,813
Other liabilities
181,041
158,476
Total liabilities
19,649,403
19,989,546
Shareholders' equity
4,570,478
4,535,712
Total liabilities and shareholders' equity
$
24,219,881
$
24,525,258
Net interest spread
3.83
%
3.81
%
Net interest income and margin - FTE
$
244,509
4.53
$
244,296
4.51
Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
Nine Months Ended
September 30, 2026
September 30, 2025
(Dollars in thousands)
Average
Balance
Income/
Expense
Yield/
Rate
Average
Balance
Income/
Expense
Yield/
Rate
ASSETS
Earning assets
Interest-bearing balances due from banks
$
504,055
$
13,626
3.61
%
$
664,308
$
21,813
4.39
%
Federal funds sold
4,687
128
3.65
5,037
164
4.35
Investment securities - taxable
2,887,538
75,486
3.50
3,104,254
80,203
3.45
Investment securities - non-taxable - FTE
1,172,057
30,658
3.50
1,121,481
30,294
3.61
Loans receivable - FTE
16,611,685
870,687
7.01
15,056,440
830,691
7.38
Total interest-earning assets
21,180,022
990,585
6.25
19,951,520
963,165
6.45
Non-earning assets
2,732,719
2,710,647
Total assets
$
23,912,741
$
22,662,167
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts
$
12,158,366
$
201,110
2.21
%
$
11,450,902
$
211,120
2.47
%
Time deposits
2,108,760
51,747
3.28
1,866,855
52,117
3.73
Total interest-bearing deposits
14,267,126
252,857
2.37
13,317,757
263,237
2.64
Federal funds purchased
14
—
—
19
—
—
Securities sold under agreement to
repurchase
156,986
2,993
2.55
148,462
3,105
2.80
FHLB and other borrowed funds
438,979
12,293
3.74
572,538
16,819
3.93
Subordinated debentures
279,521
7,072
3.38
405,285
11,254
3.71
Total interest-bearing liabilities
15,142,626
275,215
2.43
14,444,061
294,415
2.73
Non-interest bearing liabilities
Non-interest bearing deposits
4,111,722
3,973,135
Other liabilities
172,277
201,228
Total liabilities
19,426,625
18,618,424
Shareholders' equity
4,486,116
4,043,743
Total liabilities and shareholders' equity
$
23,912,741
$
22,662,167
Net interest spread
3.82
%
3.72
%
Net interest income and margin - FTE
$
715,370
4.52
$
668,750
4.48
Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
Quarter Ended
Nine Months Ended
(Dollars and shares in thousands,
except per share data)
Sep 30,
2026
Jun 30,
2026
Mar 31,
2026
Dec 31,
2025
Sep 30,
2025
Sep 30,
2026
Sep 30,
2025
NET INCOME (EARNINGS), AS ADJUSTED
GAAP net income available to common shareholders (A)
$
129,451
$
119,327
$
118,209
$
118,225
$
123,604
$
366,987
$
357,216
Pre-tax adjustments
Merger and acquisition expense
—
12,726
394
580
—
13,120
—
Gain on retirement of subordinated debt
—
—
—
—
(1,882)
—
(1,882)
FDIC special assessment credit
—
—
(1,697)
—
—
(1,697)
(1,516)
BOLI death benefits
(528)
(274)
—
—
(187)
(802)
(1,430)
Gain on sale of premises and equipment
(710)
—
—
—
—
(710)
(983)
Fair value adjustment for marketable securities
916
(817)
1,248
(1,173)
(1,020)
1,347
(1,224)
Special income from equity investment
—
—
—
—
—
—
(7,389)
Legal fee reimbursement
—
—
—
—
—
—
(885)
Legal claims expense
—
—
—
—
—
—
3,300
Recoveries on historic losses
—
—
—
—
(2,040)
—
(2,040)
Total pre-tax adjustments
(322)
11,635
(55)
(593)
(5,129)
11,258
(14,049)
Tax-effect of adjustments
50
2,901
(13)
(231)
(1,207)
2,938
(3,083)
Total adjustments after-tax (B)
(372)
8,734
(42)
(362)
(3,922)
8,320
(10,966)
Net income, as adjusted (C)
$
129,079
$
128,061
$
118,167
$
117,863
$
119,682
$
375,307
$
346,250
Average diluted shares outstanding (D)
200,051
201,420
196,733
196,764
197,288
199,413
197,952
GAAP diluted earnings per share: (A/D)
$
0.65
$
0.59
$
0.60
$
0.60
$
0.63
$
1.84
$
1.80
Adjustments after-tax: (B/D)
—
0.05
—
—
(0.02)
0.04
(0.05)
Diluted earnings per common share, as adjusted: (C/D)
$
0.65
$
0.64
$
0.60
$
0.60
$
0.61
$
1.88
$
1.75
ANNUALIZED RETURN ON AVERAGE ASSETS
Return on average assets: (A/E)
2.12
%
1.95
%
2.09
%
2.06
%
2.17
%
2.05
%
2.11
%
Return on average assets, as adjusted: (ROA, as adjusted) ((A+D)/E)
2.11
2.09
2.09
2.05
2.10
2.10
2.04
Return on average assets excluding intangible amortization: ((A+C)/(E-F))
2.30
2.12
2.25
2.22
2.34
2.22
2.28
Return on average assets, as adjusted, excluding intangible amortization: ((A+C+D)/(E-F))
2.29
2.27
2.25
2.22
2.27
2.27
2.21
GAAP net income available to common shareholders (A)
$
129,451
$
119,327
$
118,209
$
118,225
$
123,604
$
366,987
$
357,216
Amortization of intangibles (B)
2,890
2,889
1,938
1,938
2,024
7,717
6,096
Amortization of intangibles after-tax (C)
2,186
2,185
1,466
1,466
1,529
5,837
4,607
Adjustments after-tax (D)
(372)
8,734
(42)
(362)
(3,922)
8,320
(10,966)
Average assets (E)
24,219,881
24,525,258
22,954,441
22,786,852
22,638,938
23,912,741
22,662,167
Average goodwill & core deposit intangible (F)
1,474,223
1,481,989
1,429,527
1,431,479
1,433,474
1,462,077
1,435,475
Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
Quarter Ended
Nine Months Ended
(Dollars in thousands)
Sep 30,
2026
Jun 30,
2026
Mar 31,
2026
Dec 31,
2025
Sep 30,
2025
Sep 30,
2026
Sep 30,
2025
ANNUALIZED RETURN ON AVERAGE COMMON EQUITY
Return on average common equity: (A/D)
11.24
%
10.55
%
11.09
%
11.04
%
11.91
%
10.94
%
11.81
%
Return on average common equity, as adjusted: (ROE, as adjusted) ((A+C)/D)
11.20
11.32
11.08
11.01
11.54
11.19
11.45
Return on average tangible common equity:
(ROTCE) (A/(D-E))
16.59
15.67
16.56
16.65
18.28
16.23
18.31
Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) ((A+C)/(D-E))
16.54
16.82
16.55
16.60
17.70
16.59
17.75
Return on average tangible common equity excluding intangible amortization: (B/(D-E))
16.87
15.96
16.76
16.85
18.51
16.48
18.55
Return on average tangible common equity, as adjusted, excluding intangible amortization: ((B+C)/(D-E))
16.82
17.11
16.76
16.80
17.93
16.85
17.98
GAAP net income available to common shareholders (A)
$
129,451
$
119,327
$
118,209
$
118,225
$
123,604
$
366,987
$
357,216
Earnings excluding intangible amortization (B)
131,637
121,512
119,675
119,691
125,133
372,824
361,823
Adjustments after-tax (C)
(372)
8,734
(42)
(362)
(3,922)
8,320
(10,966)
Average common equity (D)
4,570,478
4,535,712
4,324,720
4,248,856
4,115,884
4,486,116
4,043,743
Average goodwill & core deposits intangible (E)
1,474,223
1,481,989
1,429,527
1,431,479
1,433,474
1,462,077
1,435,475
EFFICIENCY RATIO & P5
NR
Efficiency ratio: ((D-G)/(B+C+E))
40.78
%
44.54
%
41.59
%
39.54
%
40.21
%
42.34
%
41.35
%
Efficiency ratio, as adjusted: ((D-G-I)/(B+C+E-H))
40.84
40.46
41.99
39.53
40.95
41.07
41.91
Pre-tax net income to total revenue (net) (A/(B+C))
57.87
52.32
57.08
54.35
57.38
55.69
56.69
Pre-tax net income, as adjusted, to total revenue (net) ((A+F)/(B+C))
57.75
56.27
57.06
54.14
55.53
57.02
54.95
Pre-tax, pre-provision, net income (PPNR) (B+C-D)
$
166,907
$
159,603
$
152,732
$
167,723
$
162,833
$
479,242
$
464,978
Pre-tax, pre-provision, net income, as adjusted (B+C-D+F)
166,585
171,238
152,677
167,130
157,704
490,500
450,929
P5
NR
((Pre-tax, pre-provision, profit percentage) PPNR to total revenue (net)) (B+C-D)/(B+C)
57.87
%
54.08
%
57.27
%
59.46
%
58.64
%
56.37
%
57.49
%
P5
NR
, as adjusted (B+C-D+F)/(B+C)
57.75
58.03
57.25
59.25
56.80
57.69
55.75
Pre-tax net income (A)
$
166,907
$
154,403
$
152,232
$
153,323
$
159,327
$
473,542
$
458,472
Net interest income (B)
241,993
241,643
223,904
231,586
226,166
707,540
660,774
Non-interest income (C)
46,446
53,454
42,803
50,500
51,505
142,703
148,010
Non-interest expense (D)
121,532
135,494
113,975
114,363
114,838
371,001
343,806
Fully taxable equivalent adjustment (E)
2,516
2,653
2,661
2,252
2,916
7,830
7,976
Total pre-tax adjustments (F)
(322)
11,635
(55)
(593)
(5,129)
11,258
(14,049)
Amortization of intangibles (G)
2,890
2,889
1,938
1,938
2,024
7,717
6,096
Adjustments:
Non-interest income:
Gain on retirement of subordinated debt
$
—
$
—
$
—
$
—
$
1,882
$
—
$
1,882
Fair value adjustment for marketable securities
(916)
817
(1,248)
1,173
1,020
(1,347)
1,224
Gain (loss) on OREO
81
332
707
203
(1)
1,120
(364)
Gain (loss) on branches, equipment and other assets, net
744
3
(7)
11
(66)
740
743
Special income from equity investment
—
—
—
—
—
—
7,389
Legal fee reimbursement
—
—
—
—
—
—
885
BOLI death benefits
528
274
—
—
187
802
1,430
Recoveries on historic losses
—
—
—
—
2,040
—
2,040
Total non-interest income adjustments (H)
$
437
$
1,426
$
(548)
$
1,387
$
5,062
$
1,315
$
15,229
Non-interest expense:
FDIC special assessment credit
—
—
(1,697)
—
—
(1,697)
(1,516)
Merger and acquisition expenses
—
12,726
394
580
—
13,120
—
Legal claims expense
—
—
—
—
—
—
3,300
Total non-interest expense adjustments (I)
$
—
$
12,726
$
(1,303)
$
580
$
—
$
11,423
$
1,784
Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
Quarter Ended
Sep 30,
2026
Jun 30,
2026
Mar 31,
2026
Dec 31,
2025
Sep 30,
2025
TANGIBLE BOOK VALUE PER COMMON SHARE
Book value per common share: (A/B)
$
22.74
$
22.68
$
22.15
$
21.88
$
21.41
Tangible book value per common share: ((A-C-D)/B)
15.35
15.32
14.87
14.60
14.13
Total shareholders' equity (A)
$
4,529,761
$
4,547,435
$
4,349,585
$
4,296,871
$
4,214,964
End of period common shares outstanding (B)
199,210
200,460
196,394
196,357
196,889
Goodwill (C)
1,410,211
1,410,211
1,398,253
1,398,253
1,398,253
Core deposit and other intangibles (D)
62,651
65,541
30,355
32,293
34,231
TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS
Equity to assets: (B/A)
18.76
%
18.40
%
18.75
%
18.78
%
18.56
%
Tangible common equity to tangible assets: ((B-C-D)/(A-C-D))
13.48
13.22
13.42
13.36
13.08
Total assets (A)
$
24,145,664
$
24,713,248
$
23,201,679
$
22,881,879
$
22,707,802
Total shareholders' equity (B)
4,529,761
4,547,435
4,349,585
4,296,871
4,214,964
Goodwill (C)
1,410,211
1,410,211
1,398,253
1,398,253
1,398,253
Core deposit and other intangibles (D)
62,651
65,541
30,355
32,293
34,231
Home BancShares, Inc.
Shareholder Buyback Yield
(Unaudited)
Quarter Ended
Nine Months Ended
(Dollars and shares in thousands)
Sep 30,
2026
Jun 30,
2026
Mar 31,
2026
Dec 31,
2025
Sep 30,
2025
Sep 30,
2026
Sep 30,
2025
SHAREHOLDER BUYBACK YIELD
Shareholder buyback yield: (A/B)
0.69
%
0.77
%
0.25
%
0.27
%
0.18
%
1.73
%
1.19
%
Shares repurchased
1,300
1,500
508
541
350
3,308
2,350
Average price per share
$
30.20
$
26.94
$
27.32
$
27.26
$
28.34
$
28.28
$
28.33
Principal cost
39,262
40,415
13,877
14,747
9,918
93,554
66,575
Excise tax
376
386
1
141
93
763
669
Total share repurchase cost (A)
$
39,638
$
40,801
$
13,878
$
14,888
$
10,011
$
94,317
$
67,244
Shares outstanding beginning of period
200,460
196,394
196,357
196,889
197,239
196,357
198,882
Price per share beginning of period
$
28.55
$
26.93
$
27.78
$
28.30
$
28.46
$
27.78
$
28.30
Market capitalization beginning of period (B)
$
5,723,133
$
5,288,890
$
5,454,797
$
5,571,959
$
5,613,422
$
5,454,797
$
5,628,361

----- q32026presentationforweb.htm -----
EX-99.2
3
q32026presentationforweb.htm
EX-99.2
q32026presentationforweb
NYSE: HOMB | 3rd Quarter Earnings Call www.homebancshares.com
NON-GAAP FINANCIAL MEASURES This presentation contains financial information determined by methods other than in accordance with generally accepted accounting principles (GAAP). The management of Home BancShares, Inc. (the “Company”) uses these non-GAAP financial measures--including net income (earnings), as adjusted; pre- tax, pre-provision, net income (PPNR); PPNR, as adjusted; return on average assets, as adjusted; efficiency ratio, as adjusted; and tangible book value per share--to provide meaningful supplemental information regarding our performance. These measures typically adjust GAAP performance measures to include the tax benefit associated with revenue items that are tax-exempt, as well as adjust income available to common shareholders for certain significant items or transactions that management believes are not indicative of the Company’s primary business operating results. Since the presentation of these GAAP performance measures and their impact differ between companies, management believes presentations of these non- GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company’s business. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables accompanying the Company’s earnings press release for the quarter ended September 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx. 2
NET INCOME 3 Net income reached a Company-record $129.5 million for the third quarter of 2026, compared to $119.3 million for the second quarter of 2026 and $123.6 million for the third quarter of 2025. Net income, as adjusted (non-GAAP)(1), also reached a Company-record of $129.1 million, increasing 0.8% from $128.1 million in the prior quarter and 7.9% from $119.7 million in the third quarter of 2025. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended September 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.
PRE-TAX, PRE-PROVISION NET INCOME 4 PPNR (non-GAAP)(1) totaled $166.9 million for the third quarter of 2026, compared to $159.6 million in the prior quarter and $162.8 million in the third quarter of 2025. PPNR, as adjusted (non-GAAP)(1) totaled $166.6 million, compared to $171.2 million in the prior quarter and $157.7 million in the third quarter of 2025, reflecting the continued strength and resilience of the Company's earnings performance. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended September 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.
NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE 5 Net interest income after credit loss expense totaled $242.0 million for the third quarter of 2026, compared to $236.4 million in the prior quarter and $222.7 million for the third quarter of 2025. The increase from both the linked quarter and prior-year period was driven by strong net interest income generation and a reduction in credit loss expense.
NON-INTEREST INCOME 6 Non-interest income totaled $46.4 million for the third quarter of 2026, compared to $53.5 million in the second quarter of 2026 and $51.5 million in the third quarter of 2025. Results for the quarter reflect the normal variability of fee-based revenue categories while continuing to contribute to the Company's overall earnings performance.
TOTAL REVENUE (NET) 7 Total revenue (net) totaled $288.4 million for the third quarter of 2026, compared to $295.1 million in the prior quarter and $277.7 million in the third quarter of 2025. While revenue declined modestly from the linked quarter, results remained strong and increased from the third quarter of 2025, reflecting continued strength in net interest income and the Company's banking operations.
EXPENSES 8 Non-interest expense totaled $121.5 million for the third quarter of 2026, compared to $135.5 million in the prior quarter and $114.8 million in the third quarter of 2025. The linked-quarter decrease was primarily driven by the absence of acquisition-related expenses incurred during the second quarter, while the increase from the prior-year quarter reflects the impact of franchise growth and continued investment in the Company's operations. Interest expense decreased from both the prior quarter and prior-year period, reflecting continued improvement in the Company's funding costs.
EFFICIENCY RATIO 9 The efficiency ratio was 40.78% for the third quarter of 2026, compared to 44.54% in the prior quarter and 40.21% in the third quarter of 2025. The efficiency ratio, as adjusted (non-GAAP)(1), was 40.84%, compared to 40.46% in the prior quarter and 40.95% in the third quarter of 2025. The improvement in the reported efficiency ratio from the linked quarter primarily reflects the absence of acquisition-related expenses recognized during the second quarter. On an adjusted basis, the efficiency ratio remained relatively stable compared to the prior quarter and improved modestly from the prior-year period, reflecting continued operating discipline. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended September 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.
RETURN ON AVERAGE ASSETS 10 Return on average assets (ROA) was 2.12% for the third quarter of 2026, compared to 1.95% in the prior quarter and 2.17% in the third quarter of 2025. ROA, as adjusted (non-GAAP)(1), was 2.11%, compared to 2.09% in the prior quarter and 2.10% in the third quarter of 2025. The linked-quarter improvement in both reported and adjusted ROA reflects strong earnings performance and the absence of acquisition-related expenses recognized during the second quarter, while adjusted ROA improved from the prior-year quarter, demonstrating the Company's continued ability to generate strong returns on its asset base. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended September 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.
NET INTEREST MARGIN 11 The tables below present additional key financial metrics over the past five quarters, including net interest margin (NIM), yield on interest-earning assets, rate on interest-bearing liabilities, and net interest spread. These metrics are fundamental indicators of the Company’s profitability and operational efficiency.
BOOK VALUE PER SHARE 12 Book value per share increased to $22.74 at September 30, 2026, compared to $22.68 at June 30, 2026 and $21.41 at September 30, 2025. Tangible book value per share (non-GAAP)(1) increased to $15.35 from $15.32 in the prior quarter and $14.13 in the prior-year period. The continued growth in both book value per share and tangible book value per share reflects the Company's strong earnings generation during the past year and disciplined capital management. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended September 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.
CONTACT INFORMATION 13 Corporate Headquarters Home BancShares, Inc. 719 Harkrider Street, Suite 100 P.O. Box 966 Conway, AR 72033 Financial Information Donna Townsell Director of Investor Relations (501) 328-4625 Website www.homebancshares.com
NYSE: HOMB | 3rd Quarter Earnings Call www.homebancshares.com