$400 Million Loan Growth, Sub-40% Efficiency Ratio & Robust Margin Drive 18% Year-Over-Year Income Increase and Annual ROA of 2.10%

CONWAY, Ark., Jan. 14, 2026 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) (“Home” or the “Company”), parent company of Centennial Bank, released quarterly earnings today.

Quarterly Highlights

Metric	Q4 2025			Q3 2025			Q2 2025			Q1 2025			Q4 2024
Net income	$118.2 million			$123.6 million			$118.4 million			$115.2 million			$100.6 million
Net income, as adjusted (non-GAAP)(1)	$117.9 million			$119.7 million			$114.6 million			$111.9 million			$99.8 million
Total revenue (net)	$282.1 million			$277.7 million			$271.0 million			$260.1 million			$258.4 million
Income before income taxes	$153.3 million			$159.3 million			$152.0 million			$147.2 million			$129.5 million
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)	$167.7 million			$162.8 million			$155.0 million			$147.2 million			$146.2 million
PPNR, as adjusted (non-GAAP)(1)	$167.1 million			$157.7 million			$150.4 million			$142.8 million			$145.2 million
Pre-tax net income to total revenue (net)		54.35%			57.38%			56.08%			56.58%			50.11%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)		54.14%			55.53%			54.39%			54.91%			49.74%
P5NR(Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)		59.46%			58.64%			57.19%			56.58%			56.57%
P5NR, as adjusted (non-GAAP)(1)		59.25%			56.80%			55.49%			54.91%			56.20%
ROA		2.06%			2.17%			2.08%			2.07%			1.77%
ROA, as adjusted (non-GAAP)(1)		2.05%			2.10%			2.02%			2.01%			1.76%
NIM		4.61%			4.56%			4.44%			4.44%			4.39%
Purchase accounting accretion	$1.3 million			$1.3 million			$1.2 million			$1.4 million			$1.6 million
ROE		11.04%			11.91%			11.77%			11.75%			10.13%
ROE, as adjusted (non-GAAP)(1)		11.01%			11.54%			11.39%			11.41%			10.05%
ROTCE (non-GAAP)(1)		16.65%			18.28%			18.26%			18.39%			15.94%
ROTCE, as adjusted (non-GAAP)(1)		16.60%			17.70%			17.68%			17.87%			15.82%
Diluted earnings per share	$0.60			$0.63			$0.60			$0.58			$0.51
Diluted earnings per share, as adjusted (non-GAAP)(1)	$0.60			$0.61			$0.58			$0.56			$0.50
Non-performing assets to total assets		0.55%			0.56%			0.60%			0.56%			0.63%
Common equity tier 1 capital		16.3%			16.1%			15.6%			15.4%			15.1%
Leverage		14.1%			13.8%			13.4%			13.3%			13.0%
Tier 1 capital		16.3%			16.1%			15.6%			15.4%			15.1%
Total risk-based capital		19.1%			18.9%			19.3%			19.1%			18.7%
Allowance for credit losses to total loans		1.90%			1.87%			1.86%			1.87%			1.87%
Book value per share	$21.88			$21.41			$20.71			$20.40			$19.92
Tangible book value per share (non-GAAP)(1)	$14.60			$14.13			$13.44			$13.15			$12.68
Dividends per share	$0.21			$0.20			$0.20			$0.195			$0.195
Shareholder buyback yield(2)		0.27%			0.18%			0.49%			0.53%			0.05%

⁽¹⁾ Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.
⁽²⁾ Calculation of this metric is included in the schedules accompanying this release.

“HOMB delivered a record $475.4 million in annual income, driven by strong fourth-quarter results: a sub-40% efficiency ratio, $400.2 million in loan growth, robust margin and resolution of the Texas lawsuit which provided additional income. These accomplishments underscore our commitment to operational excellence and shareholder value,” said John Allison, Chairman.

Quarterly Financial Performance Trends Dollar amounts presented below in thousands.
Net income increased steadily through the first three quarters of 2025, reaching a peak of $123.6 million in Q3. Net income, as adjusted (non-GAAP)(1) followed a similar trend, ending the year at $117.9 million. In Q4, net income was $118.2 million, as the Company recorded $14.4 million in provision for credit losses primarily due to $400.2 million in 4th quarter loan growth. The full-year performance reflects strong profitability and disciplined financial management.		PPNR continued its upward trajectory throughout 2025, reflecting strong underlying earnings power. PPNR (non-GAAP)(1) grew from $146.2 million at Q4 2024 to $167.7 million at Q4 2025. PPNR, as adjusted, (non-GAAP)(1) increased to $167.1 million in Q4 2025 from $145.2 million in Q4 2024. This consistent growth highlights the strength of our operations and reinforces our ability to deliver sustained profitability and create long-term shareholder value.
Total revenue (net) demonstrated steady quarterly growth throughout 2025. Total revenue (net) increased from $258.4 million in Q4 2024 to $260.1 million in Q1 2025, followed by $271.0 million in Q2 and $277.7 million in Q3. By Q4 2025, it reached $282.1 million, reflecting continued momentum and strong performance across the year.		Interest expense declined steadily throughout 2025, decreasing from $105.6 million in Q4 2024 to $92.0 million in Q4 2025. Non-interest expense remained relatively stable, ranging from $112.2 million in Q4 2024 to $114.4 million in Q4 2025, with a peak of $116.0 million in Q2 2025, primarily due to legal claims expense. The overall trend reflects effective management of interest costs while maintaining consistent non-interest expense levels.

ROA demonstrated strong improvement in 2025, rising from 1.77% in Q4 2024 to a peak of 2.17% in Q3 2025. ROA, as adjusted, (non-GAAP)(1) followed a similar trend, reaching 2.10% in Q3 2025. Despite a slight moderation in Q4 2025 resulting from the provision for credit losses, both measures ended the year above 2.0%, reflecting continued strength in asset utilization and profitability. These results underscore our ability to deliver superior returns and position the Company for sustained growth.		The chart below underscores the Company’s strong and consistent performance in managing operating expenses, as reflected in its efficiency ratio over the past five quarters. The efficiency ratio is a key metric that measures how effectively the Company converts its revenue into net income by comparing non-interest expenses to total revenue. A lower efficiency ratio indicates greater operational efficiency and cost discipline, which are essential for sustaining profitability and enhancing shareholder value.
The tables below present additional key financial metrics over the past five quarters, including net interest margin (NIM), yield on interest-earning assets, rate on interest-bearing liabilities, and net interest spread. These metrics are fundamental indicators of the Company’s profitability and operational efficiency.

Annual Financial Performance Trends Dollar and share amounts presented below in thousands.
Net income has shown consistent growth over the past four years. In 2022, net income was $305.3 million, increasing by 29% to $392.9 million in 2023. Growth continued in 2024 with net income reaching $402.2 million, a 2% increase from the prior year. In 2025, net income rose significantly to $475.4 million, representing an 18% year-over-year increase and marking the highest level in the period.		Diluted earnings per share (DEPS) demonstrated strong growth over the past four years, rising from $1.57 in 2022 to $2.41 in 2025, an increase of 53%. Year-over-year, DEPS grew 24% in 2023, 4% in 2024, and accelerated to 20% in 2025, reflecting improved profitability. Shares outstanding declined steadily during the same period, moving from 203.4 million in 2022 to 196.4 million in 2025, a reduction of approximately 3.5%, which contributed to the increase in per-share earnings. This combination of higher earnings and reduced share count underscores the Company’s commitment to enhancing shareholder value.

Operating Highlights

Net income for the three-month period ended December 31, 2025 was $118.2 million, or $0.60 diluted earnings per share. When adjusting for non-fundamental items, net income and diluted earnings per share on an as-adjusted basis (non-GAAP), were $117.9 million⁽¹⁾ and $0.60 per share⁽¹⁾, respectively, for the three months ended December 31, 2025.

Our net interest margin was 4.61% and 4.56% for the three-month periods ended December 31, 2025 and September 30, 2025, respectively. The yield on loans was 7.30% and 7.39% for the three months ended December 31, 2025 and September 30, 2025, respectively, as average loans increased from $15.22 billion to $15.51 billion. The rate on interest bearing deposits decreased to 2.47% as of December 31, 2025, from 2.62% as of September 30, 2025, while average interest-bearing deposits increased from $13.32 billion to $13.47 billion.

During the fourth quarter of 2025, there was $2.6 million of event interest income compared to $1.5 million of event interest income for the third quarter of 2025. The increase in event income was accretive to the net interest margin by two basis points. Purchase accounting accretion on acquired loans was $1.3 million for both of the three-month periods ended December 31, 2025 and September 30, 2025, and average purchase accounting loan discounts were $13.8 million and $15.0 million for the three-month periods ended December 31, 2025 and September 30, 2025, respectively.

Net interest income on a fully taxable equivalent basis was $233.8 million for the three-month period ended December 31, 2025, and $229.1 million for the three-month period ended September 30, 2025. This increase in net interest income for the three-month period ended December 31, 2025, was the result of a $5.3 million decrease in interest expense, which was partially offset by a $565,000 decrease in interest income. The $5.3 million decrease in interest expense was due to a $4.2 million decrease in interest expense on deposits, a $648,000 decrease in interest expense on subordinated debt and a $393,000 decrease in interest expense on FHLB and other borrowed funds. The $565,000 decrease in interest income was primarily the result of a $1.8 million decrease in income from deposits with other banks and a $427,000 decrease in income from investments. These reductions were partially offset by a $1.7 million increase in loan income.

The Company reported $50.5 million of non-interest income for the fourth quarter of 2025. The most important components of non-interest income were $12.8 million from other income, $11.1 million from other service charges and fees, $10.5 million from service charges on deposit accounts, $5.1 million from trust fees, $4.7 million in mortgage lending income, $2.7 million from dividends from FHLB, FRB, FNBB and other, $1.4 million from the increase in cash value of life insurance and $1.2 million from the fair value adjustment for marketable securities. Included within other income was $4.9 million income from a recovery on a lawsuit.

Non-interest expense for the fourth quarter of 2025 was $114.4 million. The most important components of non-interest expense were $62.9 million salaries and employee benefits expense, $27.8 million in other operating expense, $14.4 million in occupancy and equipment expenses, $8.7 million in data processing expenses and $580,000 in merger and acquisition expenses. For the fourth quarter of 2025, our efficiency ratio was 39.54%, and our efficiency ratio, as adjusted (non-GAAP), was 39.53%⁽¹⁾_.

Financial Condition

Total loans receivable were $15.69 billion at December 31, 2025, compared to $15.29 billion at September 30, 2025. Total loans receivable of $15.69 billion were a record for the Company. Total deposits were $17.48 billion at December 31, 2025, compared to $17.33 billion at September 30, 2025. Total assets were $22.88 billion at December 31, 2025, compared to $22.71 billion at September 30, 2025.

During the fourth quarter of 2025, the Company had a $400.2 million increase in loans. Our community banking footprint experienced $164.3 million in organic loan growth during the quarter ended December 31, 2025, and Centennial CFG experienced $235.9 million of organic loan growth and had loans of $2.01 billion at December 31, 2025.

Non-performing loans to total loans were 0.54% and 0.56% at December 31, 2025 and September 30, 2025, respectively. Non-performing assets to total assets were 0.55% and 0.56% at December 31, 2025 and September 30, 2025, respectively. Net loans charged-off were $2.5 million and $2.9 million for the three months ended December 31, 2025 and September 30, 2025, respectively. The charge-off detail by region for the quarters ended December 31, 2025 and September 30, 2025 can be seen below.

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

For the Three Months Ended September 30, 2025
(in thousands)		Texas				Arkansas				Centennial CFG			Shore Premier Finance				Florida				Alabama				Total
Charge-offs		$	2,496			$	605			$	—		$	735			$	807			$	8			$	4,651
Recoveries			(1,451	)			(225	)			—			(5	)			(47	)			(3	)			(1,731	)
Net charge-offs (recoveries)		$	1,045			$	380			$	—		$	730			$	760			$	5			$	2,920

At December 31, 2025, non-performing loans were $85.0 million, and non-performing assets were $124.8 million. At September 30, 2025, non-performing loans were $85.2 million, and non-performing assets were $126.5 million.

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

(in thousands)		Texas			Arkansas			Centennial CFG			Shore Premier Finance			Florida			Alabama			Total
Non-accrual loans		$	24,234		$	18,234		$	787		$	10,048		$	24,645		$	54		$	78,002
Loans 90+ days past due			2,383			291			—			3,286			1,020			—			6,980
Total non-performing loans			26,617			18,525			787			13,334			25,665			54			84,982
Foreclosed assets held for sale			15,988			771			22,812			—			260			—			39,831
Total other non-performing assets			15,988			771			22,812			—			260			—			39,831
Total non-performing assets		$	42,605		$	19,296		$	23,599		$	13,334		$	25,925		$	54		$	124,813

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

(in thousands)		Texas			Arkansas			Centennial CFG			Shore Premier Finance			Florida			Alabama			Total
Non-accrual loans		$	25,701		$	19,102		$	787		$	10,472		$	24,867		$	158		$	81,087
Loans 90+ days past due			3,167			704			—			—			254			—			4,125
Total non-performing loans			28,868			19,806			787			10,472			25,121			158			85,212
Foreclosed assets held for sale			16,711			972			22,812			—			768			—			41,263
Total other non-performing assets			16,711			972			22,812			—			768			—			41,263
Total non-performing assets		$	45,579		$	20,778		$	23,599		$	10,472		$	25,889		$	158		$	126,475

The Company’s allowance for credit losses on loans was $297.6 million at December 31, 2025, or 1.90% of total loans, compared to the allowance for credit losses on loans of $285.6 million, or 1.87% of total loans, at September 30, 2025. As of December 31, 2025 and September 30, 2025, the Company’s allowance for credit losses on loans was 350.17% and 335.22% of its total non-performing loans, respectively.

Shareholders’ equity was $4.30 billion at December 31, 2025, which increased approximately $81.9 million from September 30, 2025. The net increase in shareholders’ equity is primarily associated with the $77.0 million increase in retained earnings and the $17.2 million decrease in accumulated other comprehensive loss. This was partially offset by the $14.9 million in stock repurchases for the quarter. Book value per common share was $21.88 at December 31, 2025, compared to $21.41 at September 30, 2025. Tangible book value per common share (non-GAAP) was $14.60⁽¹⁾ at December 31, 2025, compared to $14.13⁽¹⁾ at September 30, 2025. Book value per common share, as of December 31, 2025, was a record for the Company.

Stock Repurchases and Dividends

During the three-month period ended December 31, 2025, the Company repurchased 540,706 shares of common stock, which equated to a shareholder buyback yield of 0.27%⁽²⁾. In comparison, during the three-month period ended September 30, 2025, the Company repurchased 350,000 shares of common stock, which equated to a shareholder buyback yield of 0.18%⁽²⁾. The Company defines shareholder buyback yield as the percentage of the Company’s market capitalization spent on share repurchases. It reflects how much the Company is returning to the shareholders by reducing the number of outstanding shares, and it is calculated by dividing the Company’s total share repurchase cost for the period by the Company’s total market capitalization at the beginning of the period.

In addition, during the quarter ended December 31, 2025, the Company paid a dividend of $0.21 per share. This cash dividend represented a $0.01 per share, or 5.0%, increase over the $0.20 cash dividend paid during the third quarter of 2025.

Branches

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

Acquisition

The Company’s previously announced acquisition of Mountain Commerce Bancshares, Inc. (“MCBI”) and its bank subsidiary, Mountain Commerce Bank, is currently expected to close during the first half of 2026 and is subject to the approval of the shareholders of each company, regulatory approvals and other customary closing conditions.

Conference Call

Management will conduct a conference call to review this information at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, January 15, 2026. We strongly encourage all participants to pre-register for the conference call webcast or the live call using one of the following links. First, participants can pre-register for the conference call webcast using the following link: https://events.q4inc.com/attendee/310151620. Participants who pre-register will be given a unique webcast link to gain immediate access to the conference call webcast. Second, participants can pre-register for the live call using the following link: https://www.netroadshow.com/events/login/LE9zwo3kK6J6SjV2b5r4rf2GdIxxC .... Participants who pre-register will be given the phone number and unique access codes to gain immediate access to the live call. Participants may pre-register now, or at any time prior to the call, and will immediately receive simple instructions via email. The Home BancShares conference call will also be scheduled as an event in your Outlook calendar.

Those without internet access or unable to pre-register may dial in and listen to the live call by calling 1-833-470-1428, Passcode: 099220.  A replay of the call will be available by calling 1-866-813-9403, Passcode: 784585, which will be available until January 22, 2026, at 10:59 p.m. CT. Internet access to the call will be available live or in recorded version on the Company's website at www.homebancshares.com. 

About Home BancShares

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

Non-GAAP Financial Measures

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

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

General

This release contains forward-looking statements regarding the Company’s plans, expectations, goals and outlook for the future, including future financial results. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future events, performance or results. When we use words or phrases like “may,” “plan,” “propose,” “contemplate,” “anticipate,” “believe,” “intend,” “continue,” “expect,” “project,” “predict,” “estimate,” “could,” “should,” “would” and similar expressions, you should consider them as identifying forward-looking statements, although we may use other phrasing. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risks and uncertainties. Various factors could cause actual results to differ materially from those contemplated by the forward-looking statements. These factors include, but are not limited to, the following: economic conditions, credit quality, interest rates, loan demand, real estate values and unemployment, including any future impacts from inflation or changes in tariffs or trade policies; the possibility that the proposed acquisition of MCBI does not close when expected or at all because required regulatory, shareholder or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all; the possibility that such transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the risk that the benefits from the transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Home and MCBI operate; the ability to promptly and effectively integrate the businesses of Home and MCBI; the reaction to the transaction of the companies’ customers, employees and counterparties; diversion of management time on acquisition-related issues; the effect of any future mergers, acquisitions or other transactions to which we or our bank subsidiary may from time to time be a party, including as a result of one or more of the factors described above as they would relate to such transaction; the ability to identify, complete and successfully integrate additional acquisitions; the availability of and access to capital and liquidity on terms acceptable to us; legislative and regulatory changes and risks and expenses associated with current and future legislation and regulations; technological changes and cybersecurity risks and incidents; the effects of changes in accounting policies and practices; changes in governmental monetary and fiscal policies; political instability, military conflicts and other major domestic or international events; the impacts of recent or future adverse weather events, including hurricanes, and other natural disasters; disruptions, uncertainties and related effects on credit quality, liquidity and other aspects of our business and operations that may result from any future public health crises; competition from other financial institutions; potential claims, expenses and other adverse effects related to current or future litigation, regulatory examinations or other government actions; potential increases in deposit insurance assessments, increased regulatory scrutiny or market disruptions resulting from financial challenges in the banking industry; changes in the assumptions used in making the forward-looking statements; and other factors described in reports we file with the Securities and Exchange Commission (the “SEC”), including those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 27, 2025.

Additional Important Information and Where to Find It

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to the proposed business combination transaction involving Home and MCBI. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful. In connection with the proposed acquisition, Home has filed with the SEC a Registration Statement on Form S-4 (the “Registration Statement”) to register the shares of Home common stock to be issued to shareholders of MCBI in connection with the transaction. The Registration Statement, when it is declared effective by the SEC, will include a Proxy Statement of MCBI and a Prospectus of Home, as well as other relevant materials regarding the proposed merger transaction involving Home and MCBI. INVESTORS AND SECURITY HOLDERS OF MCBI ARE ADVISED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE MERGER OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING THE PROPOSED MERGER TRANSACTION. Investors and security holders may obtain free copies of these documents, once they are filed, and other documents filed with the SEC on the SEC’s website at http://www.sec.gov. Investors and security holders may also obtain free copies of the documents filed with the SEC by Home at Home’s website at http://www.homebancshares.com, Investor Relations, or by contacting Donna Townsell, by telephone at [phone].

Participants in Solicitation

Home and MCBI and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of MCBI in connection with the merger transaction. Information about the directors and executive officers of Home and their ownership of Home common stock is set forth in the proxy statement for Home’s 2025 Annual Meeting of Shareholders, as filed with the SEC on Schedule 14A on March 7, 2025. Information about the directors and executive officers of MCBI and their ownership of MCBI common stock will be set forth in the Proxy Statement/Prospectus included in the Registration Statement. Additional information regarding the interests of those participants and other persons who may be deemed participants in the transaction may be obtained by reading the Proxy Statement/Prospectus regarding the merger transaction. Free copies of this document may be obtained as described in the preceding paragraph when it becomes available.

FOR MORE INFORMATION CONTACT:
Donna Townsell
Director of Investor Relations
Home BancShares, Inc.
[phone]

Home BancShares, Inc.
Consolidated End of Period Balance Sheets
(Unaudited)
(In thousands)		Dec. 31, 2025				Sep. 30, 2025				Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024
ASSETS
Cash and due from banks		$	237,224			$	284,750			$	291,344			$	319,747			$	281,063
Interest-bearing deposits with other banks			430,113				516,170				809,729				975,983				629,284
Cash and cash equivalents			667,337				800,920				1,101,073				1,295,730				910,347
Federal funds sold			3,000				3,625				2,600				6,275				3,725
Investment securities - available-for-sale, net of allowance for credit losses			2,871,931				2,924,496				2,899,968				3,003,320				3,072,639
Investment securities - held-to-maturity, net of allowance for credit losses			1,259,262				1,264,200				1,265,292				1,269,896				1,275,204
Total investment securities			4,131,193				4,188,696				4,165,260				4,273,216				4,347,843
Loans receivable			15,686,209				15,285,972				15,180,624				14,952,116				14,764,500
Allowance for credit losses			(297,583	)			(285,649	)			(281,869	)			(279,944	)			(275,880	)
Loans receivable, net			15,388,626				15,000,323				14,898,755				14,672,172				14,488,620
Bank premises and equipment, net			369,324				374,515				379,729				384,843				386,322
Foreclosed assets held for sale			39,831				41,263				41,529				39,680				43,407
Cash value of life insurance			220,469				219,075				218,113				221,621				219,786
Accrued interest receivable			108,939				110,702				107,732				115,983				120,129
Deferred tax asset, net			148,022				155,963				174,323				170,120				186,697
Goodwill			1,398,253				1,398,253				1,398,253				1,398,253				1,398,253
Core deposit intangible			32,293				34,231				36,255				38,280				40,327
Other assets			374,592				380,236				383,400				376,030				345,292
Total assets		$	22,881,879			$	22,707,802			$	22,907,022			$	22,992,203			$	22,490,748
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Deposits:
Demand and non-interest-bearing		$	3,868,405			$	3,880,101			$	4,024,574			$	4,079,289			$	4,006,115
Savings and interest-bearing transaction accounts			11,792,828				11,500,921				11,571,949				11,586,106				11,347,850
Time deposits			1,818,724				1,946,674				1,891,909				1,876,096				1,792,332
Total deposits			17,479,957				17,327,696				17,488,432				17,541,491				17,146,297
Securities sold under agreements to repurchase			155,803				145,998				140,813				161,401				162,350
FHLB and other borrowed funds			500,250				550,500				550,500				600,500				600,750
Accrued interest payable and other liabilities			169,733				189,551				203,004				207,154				181,080
Subordinated debentures			279,265				279,093				438,957				439,102				439,246
Total liabilities			18,585,008				18,492,838				18,821,706				18,949,648				18,529,723
Shareholders' equity
Common stock			1,964				1,969				1,972				1,982				1,989
Capital surplus			2,201,923				2,214,211				2,221,576				2,246,312				2,272,794
Retained earnings			2,258,871				2,181,911				2,097,712				2,018,801				1,942,350
Accumulated other comprehensive loss			(165,887	)			(183,127	)			(235,944	)			(224,540	)			(256,108	)
Total shareholders' equity			4,296,871				4,214,964				4,085,316				4,042,555				3,961,025
Total liabilities and shareholders' equity		$	22,881,879			$	22,707,802			$	22,907,022			$	22,992,203			$	22,490,748

Home BancShares, Inc.
Consolidated Statements of Income
(Unaudited)
		Quarter Ended																			Year Ended
(In thousands)		Dec. 31, 2025			Sep. 30, 2025				Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Dec. 31, 2025				Dec. 31, 2024
Interest income:
Loans		$	285,491		$	283,165			$	276,041			$	270,784			$	278,409			$	1,115,481			$	1,100,004
Investment securities
Taxable			25,860			26,326				26,444				27,433				28,943				106,063				125,765
Tax-exempt			7,834			7,743				7,626				7,650				7,704				30,853				30,980
Deposits - other banks			4,405			6,242				8,951				6,620				7,585				26,218				42,773
Federal funds sold			41			56				53				55				73				205				255
Total interest income			323,631			323,532				319,115				312,542				322,714				1,278,820				1,299,777
Interest expense:
Interest on deposits			83,739			87,962				88,489				86,786				90,564				346,976				376,638
Federal funds purchased			—			—				—				—				—				—				1
FHLB and other borrowed funds			4,985			5,378				5,539				5,902				9,541				21,804				52,455
Securities sold under agreements to repurchase			962			1,019				1,012				1,074				1,346				4,067				5,448
Subordinated debentures			2,359			3,007				4,123				4,124				4,121				13,613				16,461
Total interest expense			92,045			97,366				99,163				97,886				105,572				386,460				451,003
Net interest income			231,586			226,166				219,952				214,656				217,142				892,360				848,774
Provision for credit losses on loans			14,400			6,700				3,000				—				16,700				24,100				48,400
Recovery of credit losses on unfunded commitments			—			(1,000	)			—				—				—				(1,000	)			—
Recovery of credit losses on investment securities			—			(2,194	)			—				—				—				(2,194	)			(330	)
Total credit loss expense			14,400			3,506				3,000				—				16,700				20,906				48,070
Net interest income after credit loss expense			217,186			222,660				216,952				214,656				200,442				871,454				800,704
Non-interest income:
Service charges on deposit accounts			10,480			10,486				9,552				9,650				9,935				40,168				39,223
Other service charges and fees			11,148			12,130				12,643				10,689				11,651				46,610				43,009
Trust fees			5,121			4,600				5,234				4,760				4,526				19,715				18,717
Mortgage lending income			4,680			4,691				4,780				3,599				3,518				17,750				15,789
Insurance commissions			460			574				589				535				483				2,158				2,151
Increase in cash value of life insurance			1,400			1,404				1,415				1,842				1,215				6,061				4,850
Dividends from FHLB, FRB, FNBB & other			2,678			2,658				2,657				2,718				2,820				10,711				11,462
Gain on SBA loans			308			46				—				288				218				642				617
Gain (loss) on branches, equipment and other assets, net			11			(66	)			972				(163	)			26				754				2,102
Gain (loss) on OREO, net			203			(1	)			13				(376	)			(2,423	)			(161	)			(2,272	)
Fair value adjustment for marketable securities			1,173			1,020				(238	)			442				850				2,397				2,971
Other income			12,838			13,963				13,462				11,442				8,403				51,705				29,955
Total non-interest income			50,500			51,505				51,079				45,426				41,222				198,510				168,574
Non-interest expense:
Salaries and employee benefits			62,891			63,804				64,318				61,855				60,824				252,868				241,022
Occupancy and equipment			14,434			14,828				14,023				14,425				14,526				57,710				58,031
Data processing expense			8,653			8,871				8,364				8,558				9,324				34,446				36,494
Merger and acquisition expenses			580			—				—				—				—				580				—
Other operating expenses			27,805			27,335				29,335				28,090				27,536				112,565				111,389
Total non-interest expense			114,363			114,838				116,040				112,928				112,210				458,169				446,936
Income before income taxes			153,323			159,327				151,991				147,154				129,454				611,795				522,342
Income tax expense			35,098			35,723				33,588				31,945				28,890				136,354				120,101
Net income		$	118,225		$	123,604			$	118,403			$	115,209			$	100,564			$	475,441			$	402,241

Home BancShares, Inc.
Selected Financial Information
(Unaudited)
		Quarter Ended															Year Ended
(Dollars and shares in thousands, except per share data)		Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Dec. 31, 2024			Dec. 31, 2025			Dec. 31, 2024
PER SHARE DATA
Diluted earnings per common share		$	0.60		$	0.63		$	0.60		$	0.58		$	0.51		$	2.41		$	2.01
Diluted earnings per common share, as adjusted (non-GAAP)(1)			0.60			0.61			0.58			0.56			0.50			2.35			2.01
Basic earnings per common share			0.60			0.63			0.60			0.58			0.51			2.41			2.01
Dividends per share - common			0.21			0.20			0.20			0.195			0.195			0.805			0.75
Shareholder buyback yield(2)			0.27%			0.18%			0.49%			0.53%			0.05%			1.46%			1.69%
Book value per common share		$	21.88		$	21.41		$	20.71		$	20.40		$	19.92		$	21.88		$	19.92
Tangible book value per common share (non-GAAP)(1)			14.60			14.13			13.44			13.15			12.68			14.60			12.68
STOCK INFORMATION
Average common shares outstanding			196,553			197,078			197,532			198,657			198,863			197,448			199,939
Average diluted shares outstanding			196,764			197,288			197,765			198,852			198,973			197,651			200,069
End of period common shares outstanding			196,357			196,889			197,239			198,206			198,882			196,357			198,882
ANNUALIZED PERFORMANCE METRICS
Return on average assets (ROA)			2.06%			2.17%			2.08%			2.07%			1.77%			2.10%			1.77%
Return on average assets, as adjusted: (ROA, as adjusted) (non-GAAP)(1)			2.05%			2.10%			2.02%			2.01%			1.76%			2.05%			1.77%
Return on average assets excluding intangible amortization (non-GAAP)(1)			2.22%			2.34%			2.25%			2.24%			1.92%			2.26%			1.92%
Return on average assets, as adjusted, excluding intangible amortization (non-GAAP)(1)			2.22%			2.27%			2.18%			2.18%			1.91%			2.21%			1.92%
Return on average common equity (ROE)			11.04%			11.91%			11.77%			11.75%			10.13%			11.61%			10.43%
Return on average common equity, as adjusted: (ROE, as adjusted) (non-GAAP)(1)			11.01%			11.54%			11.39%			11.41%			10.05%			11.33%			10.42%
Return on average tangible common equity (ROTCE) (non-GAAP)(1)			16.65%			18.28%			18.26%			18.39%			15.94%			17.87%			16.66%
Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) (non-GAAP)(1)			16.60%			17.70%			17.68%			17.87%			15.82%			17.44%			16.64%
Return on average tangible common equity excluding intangible amortization (non-GAAP)(1)			16.85%			18.51%			18.50%			18.64%			16.18%			18.10%			16.92%
Return on average tangible common equity, as adjusted, excluding intangible amortization (non-GAAP)(1)			16.80%			17.93%			17.92%			18.12%			16.07%			17.67%			16.91%
(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															Year Ended
(Dollars in thousands)		Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Dec. 31, 2024			Dec. 31, 2025			Dec. 31, 2024
Efficiency ratio			39.54%			40.21%			41.68%			42.22%			42.24%			40.88%			42.74%
Efficiency ratio, as adjusted (non-GAAP)(1)			39.53%			40.95%			42.01%			42.84%			42.00%			41.29%			42.65%
Net interest margin - FTE (NIM)			4.61%			4.56%			4.44%			4.44%			4.39%			4.51%			4.27%
Fully taxable equivalent adjustment		$	2,252		$	2,916		$	2,526		$	2,534		$	2,398		$	10,228		$	8,534
Total revenue (net)			282,086			277,671			271,031			260,082			258,364			1,090,870			1,017,348
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)			167,723			162,833			154,991			147,154			146,154			632,701			570,412
PPNR, as adjusted (non-GAAP)(1)			167,130			157,704			150,404			142,821			145,209			618,059			567,385
Pre-tax net income to total revenue (net)			54.35%			57.38%			56.08%			56.58%			50.11%			56.08%			51.34%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)			54.14%			55.53%			54.39%			54.91%			49.74%			54.74%			51.05%
P5NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)			59.46%			58.64%			57.19%			56.58%			56.57%			58.00%			56.07%
P5NR, as adjusted (non-GAAP)(1)			59.25%			56.80%			55.49%			54.91%			56.20%			56.66%			55.77%
Total purchase accounting accretion		$	1,265		$	1,272		$	1,233		$	1,378		$	1,610		$	5,148		$	8,133
Average purchase accounting loan discounts			13,753			15,009			16,219			17,493			19,090			15,626			21,882
OTHER OPERATING EXPENSES
Advertising		$	2,114		$	2,149		$	2,054		$	1,928		$	1,941		$	8,245		$	7,097
Amortization of intangibles			1,938			2,024			2,025			2,047			2,068			8,034			8,443
Electronic banking expense			3,288			3,357			3,172			3,055			3,307			12,872			13,444
Directors' fees			388			405			431			452			356			1,676			1,639
Due from bank service charges			324			404			283			281			271			1,292			1,131
FDIC and state assessment			2,970			3,245			1,636			3,387			3,216			11,238			15,388
Insurance			1,044			1,110			1,049			999			900			4,202			3,634
Legal and accounting			1,362			1,061			2,360			3,641			2,361			8,424			8,961
Other professional fees			2,168			2,083			2,211			1,947			1,736			8,409			8,142
Operating supplies			759			773			711			711			711			2,954			2,680
Postage			564			538			488			503			518			2,093			2,060
Telephone			382			367			419			436			438			1,604			1,807
Other expense			10,504			9,819			12,496			8,703			9,713			41,522			36,963
Total other operating expenses		$	27,805		$	27,335		$	29,335		$	28,090		$	27,536		$	112,565		$	111,389
(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)		Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025				Dec. 31, 2024
BALANCE SHEET RATIOS
Total loans to total deposits			89.74%			88.22%			86.80%			85.24%				86.11%
Common equity to assets			18.78%			18.56%			17.83%			17.58%				17.61%
Tangible common equity to tangible assets (non-GAAP)(1)			13.36%			13.08%			12.35%			12.09%				11.98%
											.
LOANS RECEIVABLE
Real estate
Commercial real estate loans
Non-farm/non-residential		$	5,290,112		$	5,494,492		$	5,553,182		$	5,588,681			$	5,426,780
Construction/land development			2,726,993			2,709,197			2,695,561			2,735,760				2,736,214
Agricultural			332,412			331,301			315,926			335,437				336,993
Residential real estate loans
Residential 1-4 family			2,134,334			2,142,375			2,138,990			1,947,872				1,956,489
Multifamily residential			1,140,911			716,595			620,439			576,089				496,484
Total real estate			11,624,762			11,393,960			11,324,098			11,183,839				10,952,960
Consumer			1,253,746			1,233,523			1,218,834			1,227,745				1,234,361
Commercial and industrial			2,222,401			2,100,268			2,107,326			2,045,036				2,022,775
Agricultural			359,879			346,167			323,457			314,323				367,251
Other			225,421			212,054			206,909			181,173				187,153
Loans receivable		$	15,686,209		$	15,285,972		$	15,180,624		$	14,952,116			$	14,764,500
ALLOWANCE FOR CREDIT LOSSES
Balance, beginning of period		$	285,649		$	281,869		$	279,944		$	275,880			$	312,574
Loans charged off			3,063			4,651			4,071			3,458				53,959
Recoveries of loans previously charged off			597			1,731			2,996			7,522				565
Net loans charged off (recovered)			2,466			2,920			1,075			(4,064)				53,394
Provision for credit losses - loans			14,400			6,700			3,000			—				16,700
Balance, end of period		$	297,583		$	285,649		$	281,869		$	279,944			$	275,880
Net charge-offs (recoveries) to average total loans			0.06%			0.08%			0.03%			(0.11)%				1.44%
Allowance for credit losses to total loans			1.90%			1.87%			1.86%			1.87%				1.87%
NON-PERFORMING ASSETS
Non-performing loans
Non-accrual loans		$	78,002		$	81,087		$	89,261		$	86,383			$	93,853
Loans past due 90 days or more			6,980			4,125			7,031			3,264				5,034
Total non-performing loans			84,982			85,212			96,292			89,647				98,887
Other non-performing assets
Foreclosed assets held for sale, net			39,831			41,263			41,529			39,680				43,407
Other non-performing assets			—			—			—			63				63
Total other non-performing assets			39,831			41,263			41,529			39,743				43,470
Total non-performing assets		$	124,813		$	126,475		$	137,821		$	129,390			$	142,357
Allowance for credit losses for loans to non-performing loans			350.17%			335.22%			292.72%			312.27%				278.99%
Non-performing loans to total loans			0.54%			0.56%			0.63%			0.60%				0.67%
Non-performing assets to total assets			0.55%			0.56%			0.60%			0.56%				0.63%
(1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.

Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
		Three Months Ended
		December 31, 2025								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		$	450,187		$	4,405		3.88%		$	567,617		$	6,242		4.36%
Federal funds sold			4,177			41		3.89%			5,142			56		4.32%
Investment securities - taxable			3,001,146			25,860		3.42%			3,039,247			26,326		3.44%
Investment securities - non-taxable - FTE			1,166,233			10,240		3.48%			1,115,834			10,201		3.63%
Loans receivable - FTE			15,506,534			285,337		7.30%			15,216,448			283,623		7.39%
Total interest-earning assets			20,128,277			325,883		6.42%			19,944,288			326,448		6.49%
Non-earning assets			2,658,575								2,694,650
Total assets		$	22,786,852							$	22,638,938
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts		$	11,613,721		$	67,534		2.31%		$	11,408,316		$	70,406		2.45%
Time deposits			1,858,205			16,205		3.46%			1,911,703			17,556		3.64%
Total interest-bearing deposits			13,471,926			83,739		2.47%			13,320,019			87,962		2.62%
Federal funds purchased			—			—		—%			11			—		—%
Securities sold under agreement to repurchase			148,791			962		2.57%			145,883			1,019		2.77%
FHLB and other borrowed funds			518,188			4,985		3.82%			550,501			5,378		3.88%
Subordinated debentures			279,180			2,359		3.35%			338,757			3,007		3.52%
Total interest-bearing liabilities			14,418,085			92,045		2.53%			14,355,171			97,366		2.69%
Non-interest bearing liabilities
Non-interest bearing deposits			3,926,307								3,956,826
Other liabilities			193,604								211,057
Total liabilities			18,537,996								18,523,054
Shareholders' equity			4,248,856								4,115,884
Total liabilities and shareholders' equity		$	22,786,852							$	22,638,938
Net interest spread								3.89%								3.80%
Net interest income and margin - FTE					$	233,838		4.61%					$	229,082		4.56%

Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
		Year Ended
		December 31, 2025								December 31, 2024
(Dollars in thousands)		Average Balance			Income/ Expense			Yield/ Rate		Average Balance			Income/ Expense			Yield/ Rate
ASSETS
Earning assets
Interest-bearing balances due from banks		$	610,338		$	26,218		4.30%		$	819,445		$	42,773		5.22%
Federal funds sold			4,821			205		4.25%			5,035			255		5.06%
Investment securities - taxable			3,078,265			106,063		3.45%			3,400,325			125,765		3.70%
Investment securities - non-taxable - FTE			1,132,761			40,535		3.58%			1,190,033			39,057		3.28%
Loans receivable - FTE			15,169,888			1,116,027		7.36%			14,675,001			1,100,461		7.50%
Total interest-earning assets			19,996,073			1,289,048		6.45%			20,089,839			1,308,311		6.51%
Non-earning assets			2,697,522								2,664,541
Total assets		$	22,693,595							$	22,754,380
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts		$	11,491,941		$	278,654		2.42%		$	11,078,003		$	304,976		2.75%
Time deposits			1,864,674			68,322		3.66%			1,747,302			71,662		4.10%
Total interest-bearing deposits			13,356,615			346,976		2.60%			12,825,305			376,638		2.94%
Federal funds purchased			14			—		—%			20			1		5.00%
Securities sold under agreement to repurchase			148,545			4,067		2.74%			165,965			5,448		3.28%
FHLB and other borrowed funds			558,839			21,804		3.90%			1,197,662			52,455		4.38%
Subordinated debentures			373,500			13,613		3.64%			439,539			16,461		3.75%
Total interest-bearing liabilities			14,437,513			386,460		2.68%			14,628,491			451,003		3.08%
Non-interest bearing liabilities
Non-interest bearing deposits			3,961,332								4,029,684
Other liabilities			199,307								238,528
Total liabilities			18,598,152								18,896,703
Shareholders' equity			4,095,443								3,857,677
Total liabilities and shareholders' equity		$	22,693,595							$	22,754,380
Net interest spread								3.77%								3.43%
Net interest income and margin - FTE					$	902,588		4.51%					$	857,308		4.27%

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
		Quarter Ended															Year Ended
(Dollars and shares in thousands, except per share data)		Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Dec. 31, 2024			Dec. 31, 2025			Dec. 31, 2024
NET INCOME (EARNINGS), AS ADJUSTED
GAAP net income available to common shareholders (A)		$	118,225		$	123,604		$	118,403		$	115,209		$	100,564		$	475,441		$	402,241
Pre-tax adjustments
Merger and acquisition expense			580			—			—			—			—			580			—
Gain on retirement of subordinated debt			—			(1,882)			—			—			—			(1,882)			—
FDIC special assessment			—			—			(1,516)			—			—			(1,516)			2,260
BOLI death benefits			—			(187)			(1,243)			—			(95)			(1,430)			(257)
Gain on sale of premises and equipment			—			—			(983)			—			—			(983)			(2,059)
Fair value adjustment for marketable securities			(1,173)			(1,020)			238			(442)			(850)			(2,397)			(2,971)
Special income from equity investment			—			—			(3,498)			(3,891)			—			(7,389)			—
Legal fee reimbursement			—			—			(885)			—			—			(885)			—
Legal claims expense			—			—			3,300			—			—			3,300			—
Recoveries on historic losses			—			(2,040)			—			—			—			(2,040)			—
Total pre-tax adjustments			(593)			(5,129)			(4,587)			(4,333)			(945)			(14,642)			(3,027)
Tax-effect of adjustments			(231)			(1,207)			(817)			(1,059)			(208)			(3,314)			(688)
Deferred tax asset write-down			—			—			—			—			—			—			2,030
Total adjustments after-tax (B)			(362)			(3,922)			(3,770)			(3,274)			(737)			(11,328)			(309)
Net income, as adjusted (C)		$	117,863		$	119,682		$	114,633		$	111,935		$	99,827		$	464,113		$	401,932
Average diluted shares outstanding (D)			196,764			197,288			197,765			198,852			198,973			197,651			200,069
GAAP diluted earnings per share: (A/D)		$	0.60		$	0.63		$	0.60		$	0.58		$	0.51		$	2.41		$	2.01
Adjustments after-tax: (B/D)			0.00			(0.02)			(0.02)			(0.02)			(0.01)			(0.06)			0.00
Diluted earnings per common share, as adjusted: (C/D)		$	0.60		$	0.61		$	0.58		$	0.56		$	0.50		$	2.35		$	2.01
ANNUALIZED RETURN ON AVERAGE ASSETS
Return on average assets: (A/E)			2.06%			2.17%			2.08%			2.07%			1.77%			2.10%			1.77%
Return on average assets, as adjusted: (ROA, as adjusted) ((A+D)/E)			2.05%			2.10%			2.02%			2.01%			1.76%			2.05%			1.77%
Return on average assets excluding intangible amortization: ((A+C)/(E-F))			2.22%			2.34%			2.25%			2.24%			1.92%			2.26%			1.92%
Return on average assets, as adjusted, excluding intangible amortization: ((A+C+D)/(E-F))			2.22%			2.27%			2.18%			2.18%			1.91%			2.21%			1.92%
GAAP net income available to common shareholders (A)		$	118,225		$	123,604		$	118,403		$	115,209		$	100,564		$	475,441		$	402,241
Amortization of intangibles (B)			1,938			2,024			2,025			2,047			2,068			8,034			8,443
Amortization of intangibles after-tax (C)			1,466			1,529			1,530			1,547			1,563			6,072			6,345
Adjustments after-tax (D)			(362)			(3,922)			(3,770)			(3,274)			(737)			(11,328)			(309)
Average assets (E)			22,786,852			22,638,938			22,797,738			22,548,835			22,565,077			22,693,595			22,754,380
Average goodwill & core deposit intangible (F)			1,431,479			1,433,474			1,435,480			1,437,515			1,439,566			1,434,468			1,442,713

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
		Quarter Ended															Year Ended
(Dollars in thousands)		Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Dec. 31, 2024			Dec. 31, 2025			Dec. 31, 2024
ANNUALIZED RETURN ON AVERAGE COMMON EQUITY
Return on average common equity: (A/D)			11.04%			11.91%			11.77%			11.75%			10.13%			11.61%			10.43%
Return on average common equity, as adjusted: (ROE, as adjusted) ((A+C)/D)			11.01%			11.54%			11.39%			11.41%			10.05%			11.33%			10.42%
Return on average tangible common equity: (ROTCE) (A/(D-E))			16.65%			18.28%			18.26%			18.39%			15.94%			17.87%			16.66%
Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) ((A+C)/(D-E))			16.60%			17.70%			17.68%			17.87%			15.82%			17.44%			16.64%
Return on average tangible common equity excluding intangible amortization: (B/(D-E))			16.85%			18.51%			18.50%			18.64%			16.18%			18.10%			16.92%
Return on average tangible common equity, as adjusted, excluding intangible amortization: ((B+C)/(D-E))			16.80%			17.93%			17.92%			18.12%			16.07%			17.67%			16.91%
GAAP net income available to common shareholders (A)		$	118,225		$	123,604		$	118,403		$	115,209		$	100,564		$	475,441		$	402,241
Earnings excluding intangible amortization (B)			119,691			125,133			119,933			116,756			102,127			481,513			408,586
Adjustments after-tax (C)			(362)			(3,922)			(3,770)			(3,274)			(737)			(11,328)			(309)
Average common equity (D)			4,248,856			4,115,884			4,036,155			3,977,671			3,950,176			4,095,443			3,857,677
Average goodwill & core deposits intangible (E)			1,431,479			1,433,474			1,435,480			1,437,515			1,439,566			1,434,468			1,442,713
EFFICIENCY RATIO & P5NR
Efficiency ratio: ((D-G)/(B+C+E))			39.54%			40.21%			41.68%			42.22%			42.24%			40.88%			42.74%
Efficiency ratio, as adjusted: ((D-G-I)/(B+C+E-H))			39.53%			40.95%			42.01%			42.84%			42.00%			41.29%			42.65%
Pre-tax net income to total revenue (net) (A/(B+C))			54.35%			57.38%			56.08%			56.58%			50.11%			56.08%			51.34%
Pre-tax net income, as adjusted, to total revenue (net) ((A+F)/(B+C))			54.14%			55.53%			54.39%			54.91%			49.74%			54.74%			51.05%
Pre-tax, pre-provision, net income (PPNR) (B+C-D)		$	167,723		$	162,833		$	154,991		$	147,154		$	146,154		$	632,701		$	570,412
Pre-tax, pre-provision, net income, as adjusted (B+C-D+F)		$	167,130		$	157,704		$	150,404		$	142,821		$	145,209		$	618,059		$	567,385
P5NR (Pre-tax, pre-provision, profit percentage) PPNR to total revenue (net)) (B+C-D)/(B+C)			59.46%			58.64%			57.19%			56.58%			56.57%			58.00%			56.07%
P5NR, as adjusted (B+C-D+F)/(B+C)			59.25%			56.80%			55.49%			54.91%			56.20%			56.66%			55.77%
Pre-tax net income (A)		$	153,323		$	159,327		$	151,991		$	147,154		$	129,454		$	611,795		$	522,342
Net interest income (B)			231,586			226,166			219,952			214,656			217,142			892,360			848,774
Non-interest income (C)			50,500			51,505			51,079			45,426			41,222			198,510			168,574
Non-interest expense (D)			114,363			114,838			116,040			112,928			112,210			458,169			446,936
Fully taxable equivalent adjustment (E)			2,252			2,916			2,526			2,534			2,398			10,228			8,534
Total pre-tax adjustments (F)			(593)			(5,129)			(4,587)			(4,333)			(945)			(14,642)			(3,027)
Amortization of intangibles (G)			1,938			2,024			2,025			2,047			2,068			8,034			8,443
Adjustments:
Non-interest income:
Gain on retirement of subordinated debt		$	—		$	1,882		$	—		$	—		$	—		$	1,882		$	—
Fair value adjustment for marketable securities			1,173			1,020			(238)			442			850			2,397			2,971
Gain (loss) on OREO			203			(1)			13			(376)			(2,423)			(161)			(2,272)
Gain (loss) on branches, equipment and other assets, net			11			(66)			972			(163)			26			754			2,102
Special income from equity investment			—			—			3,498			3,891			—			7,389			—
BOLI death benefits			—			187			1,243			—			95			1,430			257
Legal expense reimbursement			—			—			885			—			—			885			—
Recoveries on historic losses			—			2,040			—			—			—			2,040			—
Total non-interest income adjustments (H)		$	1,387		$	5,062		$	6,373		$	3,794		$	(1,452)		$	16,616		$	3,058
Non-interest expense:
FDIC special assessment			—			—			(1,516)			—			—			(1,516)			2,260
Merger and acquisition expenses			580			—			—			—			—			580			—
Legal claims expense			—			—			3,300			—			—			3,300			—
Total non-interest expense adjustments (I)		$	580		$	—		$	1,784		$	—		$	—		$	2,364		$	2,260

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
		Quarter Ended
		Dec. 31, 2025				Sep. 30, 2025				Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024
TANGIBLE BOOK VALUE PER COMMON SHARE
Book value per common share: (A/B)		$	21.88			$	21.41			$	20.71			$	20.40			$	19.92
Tangible book value per common share: ((A-C-D)/B)			14.60				14.13				13.44				13.15				12.68
Total shareholders' equity (A)		$	4,296,871			$	4,214,964			$	4,085,316			$	4,042,555			$	3,961,025
End of period common shares outstanding (B)			196,357				196,889				197,239				198,206				198,882
Goodwill (C)			1,398,253				1,398,253				1,398,253				1,398,253				1,398,253
Core deposit and other intangibles (D)			32,293				34,231				36,255				38,280				40,327
TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS
Equity to assets: (B/A)			18.78%				18.56%				17.83%				17.58%				17.61%
Tangible common equity to tangible assets: ((B-C-D)/(A-C-D))			13.36%				13.08%				12.35%				12.09%				11.98%
Total assets (A)		$	22,881,879			$	22,707,802			$	22,907,022			$	22,992,203			$	22,490,748
Total shareholders' equity (B)			4,296,871				4,214,964				4,085,316				4,042,555				3,961,025
Goodwill (C)			1,398,253				1,398,253				1,398,253				1,398,253				1,398,253
Core deposit and other intangibles (D)			32,293				34,231				36,255				38,280				40,327

Home BancShares, Inc.
Shareholder Buyback Yield
(Unaudited)
		Quarter Ended															Year Ended
(Dollars and shares in thousands)		Dec. 31, 2025			Sep. 30, 2025			Jun. 30, 2025			Mar. 31, 2025			Dec. 31, 2024			Dec. 31, 2025			Dec. 31, 2024
SHAREHOLDER BUYBACK YIELD
Shareholder buyback yield: (A/B)			0.27%			0.18%			0.49%			0.53%			0.05%			1.46%			1.69%
Shares repurchased			541			350			1,000			1,000			96			2,891			3,522
Average price per share		$	27.26		$	28.34		$	26.99		$	29.67		$	26.38		$	28.13		$	24.41
Principal cost			14,747			9,918			26,989			29,668			2,526			81,322			85,977
Excise tax			141			93			459			117			(72)			810			411
Total share repurchase cost (A)		$	14,888		$	10,011		$	27,448		$	29,785		$	2,454		$	82,132		$	86,388
Shares outstanding beginning of period			196,889			197,239			198,206			198,882			198,879			198,882			201,526
Price per share beginning of period		$	28.30		$	28.46		$	28.27		$	28.30		$	27.09		$	28.30		$	25.33
Market capitalization beginning of period (B)		$	5,571,959		$	5,613,422		$	5,603,284		$	5,628,361		$	5,387,632		$	5,628,361		$	5,104,654

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/af336001-aea0-48d1 ...

https://www.globenewswire.com/NewsRoom/AttachmentNg/2da399f2-74c5-4e18 ...

https://www.globenewswire.com/NewsRoom/AttachmentNg/73627fe2-4baa-416d ...

https://www.globenewswire.com/NewsRoom/AttachmentNg/68915a92-2903-428f ...

https://www.globenewswire.com/NewsRoom/AttachmentNg/f44bafda-abc5-49d8 ...

https://www.globenewswire.com/NewsRoom/AttachmentNg/2268704e-b5ec-4578 ...

https://www.globenewswire.com/NewsRoom/AttachmentNg/c3ec0f31-ae05-4485 ...

https://www.globenewswire.com/NewsRoom/AttachmentNg/484a76bd-62c9-4981 ...

https://www.globenewswire.com/NewsRoom/AttachmentNg/082e46fc-4d08-46c5 ...

https://www.globenewswire.com/NewsRoom/AttachmentNg/08fc0af0-0a6a-4892 ...