EXHIBIT 99.1

For Immediate Release: October 15, 2025

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

Conway, AR – Home BancShares, Inc. (NYSE: HOMB) (“Home” or the “Company”), parent company of Centennial Bank, released quarterly earnings today.

Quarterly Highlights

Metric			Q3 2025			Q2 2025			Q1 2025			Q4 2024			Q3 2024
Net income			$123.6 million			$118.4 million			$115.2 million			$100.6 million			$100.0 million
Net income, as adjusted (non-GAAP)(1)			$119.7 million			$114.6 million			$111.9 million			$99.8 million			$99.0 million
Total revenue (net)			$277.7 million			$271.0 million			$260.1 million			$258.4 million			$258.0 million
Income before income taxes			$159.3 million			$152.0 million			$147.2 million			$129.5 million			$129.1 million
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)			$162.8 million			$155.0 million			$147.2 million			$146.2 million			$148.0 million
PPNR, as adjusted (non-GAAP)(1)			$157.7 million			$150.4 million			$142.8 million			$145.2 million			$146.6 million
Pre-tax net income to total revenue (net)			57.38%			56.08%			56.58%			50.11%			50.03%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)			55.53%			54.39%			54.91%			49.74%			49.49%
P5NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)			58.64%			57.19%			56.58%			56.57%			57.35%
P5NR, as adjusted (non-GAAP)(1)			56.80%			55.49%			54.91%			56.20%			56.81%
ROA			2.17%			2.08%			2.07%			1.77%			1.74%
ROA, as adjusted (non-GAAP)(1)			2.10%			2.02%			2.01%			1.76%			1.72%
NIM			4.56%			4.44%			4.44%			4.39%			4.28%
Purchase accounting accretion			$1.3 million			$1.2 million			$1.4 million			$1.6 million			$1.9 million
ROE			11.91%			11.77%			11.75%			10.13%			10.23%
ROE, as adjusted (non-GAAP)(1)			11.54%			11.39%			11.41%			10.05%			10.12%
ROTCE (non-GAAP)(1)			18.28%			18.26%			18.39%			15.94%			16.26%
ROTCE, as adjusted (non-GAAP)(1)			17.70%			17.68%			17.87%			15.82%			16.09%
Diluted earnings per share			$0.63			$0.60			$0.58			$0.51			$0.50
Diluted earnings per share, as adjusted (non-GAAP)(1)			$0.61			$0.58			$0.56			$0.50			$0.50
Non-performing assets to total assets			0.56%			0.60%			0.56%			0.63%			0.63%
Common equity tier 1 capital			16.1%			15.6%			15.4%			15.1%			14.7%
Leverage			13.8%			13.4%			13.3%			13.0%			12.5%
Tier 1 capital			16.1%			15.6%			15.4%			15.1%			14.7%
Total risk-based capital			18.9%			19.3%			19.1%			18.7%			18.3%
Allowance for credit losses to total loans			1.87%			1.86%			1.87%			1.87%			2.11%
Book value per share			$21.41			$20.71			$20.40			$19.92			$19.91
Tangible book value per share (non-GAAP)(1)			$14.13			$13.44			$13.15			$12.68			$12.67
Dividends per share			$0.20			$0.20			$0.195			$0.195			$0.195
Shareholder buyback yield(2)			0.18%			0.49%			0.53%			0.05%			0.56%

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

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

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

Financial Performance Trends
The chart below illustrates Home BancShares’ consistent improvement in profitability over the past five quarters. Net income reached a record $123.6 million in Q3 2025, while net income, as adjusted (non-GAAP)(1), also set a new high at $119.7 million. This sustained upward trend reflects the Company’s strong operational performance and effective management of one-time expenses.						The chart below demonstrates Home BancShares’ robust operational performance as measured by pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1) over the past five quarters. PPNR is a key indicator of the Company’s earnings power, as it reflects revenue generation and expense management before the impact of credit loss provisions and taxes.

The chart below highlights Home BancShares’ strong and consistent return on average assets (ROA) over the past five quarters. ROA, a key measure of how efficiently the Company utilizes its assets to generate net income, has demonstrated a steady upward trend, reaching 2.17% in Q3 2025. This improvement reflects the Company’s disciplined approach to asset management, prudent lending practices, and ongoing focus on operational efficiency.						The chart below underscores Home BancShares’ strong and consistent performance in managing operating expenses, as reflected in its efficiency ratio over the past five quarters. The efficiency ratio is a key metric that measures how effectively the Company converts its revenue into net income by comparing non-interest expenses to total revenue. A lower efficiency ratio indicates greater operational efficiency and cost discipline, which are essential for sustaining profitability and enhancing shareholder value.

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.

Operating Highlights

Net income for the three-month period ended September 30, 2025 was $123.6 million, or $0.63 diluted earnings per share, both of which were records for the Company. When adjusting for non-fundamental items, net income and diluted earnings per share on an as-adjusted basis (non-GAAP), were $119.7 million(1) and $0.61 per share(1), respectively, for the three months ended September 30, 2025.

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

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

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

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

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

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

Financial Condition

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

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

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

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

For the Three Months Ended June 30, 2025
(in thousands)						Texas						Arkansas						Centennial CFG						Shore Premier Finance						Florida						Alabama						Total
Charge-offs						$	2,588					$	462					$	181					$	582					$	245					$	13					$	4,071
Recoveries						(2,172)						(223)						—						(22)						(577)						(2)						(2,996)
Net (recoveries) charge-offs						$	416					$	239					$	181					$	560					$	(332)					$	11					$	1,075

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

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

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

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

(in thousands)						Texas						Arkansas						Centennial CFG						Shore Premier Finance						Florida						Alabama						Total
Non-accrual loans						22,487						16,276						787						11,716						37,833						162						89,261
Loans 90+ days past due						3,557						2,341						—						—						1,133						—						7,031
Total non-performing loans						26,044						18,617						787						11,716						38,966						162						96,292
Foreclosed assets held for sale						17,259						863						22,842						—						565						—						41,529
Total other non-performing assets						17,259						863						22,842						—						565						—						41,529
Total non-performing assets						43,303						19,480						23,629						11,716						39,531						162						137,821

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

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

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

Stock Repurchases and Dividends

During the three-month period ended September 30, 2025, the Company repurchased 350,000 shares of common stock, which equated to a shareholder buyback yield of 0.18%(2). In comparison, during the three-month period ended June 30, 2025, the Company repurchased 1.0 million shares of common stock, which equated to a shareholder buyback yield of 0.49%(2). The Company defines shareholder buyback yield as the percentage of the Company’s market capitalization spent on share repurchases. It reflects how much the Company is returning to the shareholders by reducing the number of outstanding shares, and it is calculated by dividing the Company’s total share repurchase cost for the period by the Company’s total market capitalization at the beginning of the period.

In addition, during the quarter ended September 30, 2025, the Company paid a dividend of $0.20 per share. This cash dividend is consistent with the dividend paid during the second quarter of 2025.

Branches

The Company currently has 75 branches in Arkansas, 78 branches in Florida, 59 branches in Texas, 5 branches in Alabama and one branch in New York City. The Company opened a new branch in San Antonio, Texas during the third quarter of 2025.

Conference Call

Management will conduct a conference call to review this information at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, October 16, 2025. We strongly encourage all participants to pre-register for the conference call webcast or the live call using one of the following links. First, participants can pre-register for the conference call webcast using the following link: https://events.q4inc.com/attendee/934053232. Participants who pre-register will be given a unique webcast link to gain immediate access to the conference call webcast. Second, participants can pre-register for the live call using the following link: https://www.netroadshow.com/events/login/LE9zwo4C7j7DOGxiZMbL6kCGKNc4mh7WFOS. Participants who pre-register will be given the phone number and unique access codes to gain immediate access to the live call. Participants may pre-register now, or at any time prior to the call, and will immediately receive simple instructions via email. The Home BancShares conference call will also be scheduled as an event in your Outlook calendar.

Those without internet access or unable to pre-register may dial in and listen to the live call by calling 1-833-470-1428, Passcode: 549176. A replay of the call will be available by calling 1-866-813-9403, Passcode: 541815, which will be available until October 23, 2025, at 11:59 p.m. CT. Internet access to the call will be available live or in recorded version on the Company's website at www.homebancshares.com.

About Home BancShares

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

Non-GAAP Financial Measures

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

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

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

General

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

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FOR MORE INFORMATION CONTACT:

Donna Townsell

Director of Investor Relations

Home BancShares, Inc.

(501) 328-4625

Home BancShares, Inc.

Consolidated End of Period Balance Sheets

(Unaudited)

(In thousands)						Sep 30, 2025						Jun 30, 2025						Mar 31, 2025						Dec 31, 2024						Sep 30, 2024
ASSETS
Cash and due from banks						$	284,750					$	291,344					$	319,747					$	281,063					$	265,408
Interest-bearing deposits with other banks						516,170						809,729						975,983						629,284						752,269
Cash and cash equivalents						800,920						1,101,073						1,295,730						910,347						1,017,677
Federal funds sold						3,625						2,600						6,275						3,725						6,425
Investment securities - available-for-sale,      net of allowance for credit losses						2,924,496						2,899,968						3,003,320						3,072,639						3,270,620
Investment securities - held-to-maturity,      net of allowance for credit losses						1,264,200						1,265,292						1,269,896						1,275,204						1,277,090
Total investment securities						4,188,696						4,165,260						4,273,216						4,347,843						4,547,710
Loans receivable						15,285,972						15,180,624						14,952,116						14,764,500						14,823,979
Allowance for credit losses						(285,649)						(281,869)						(279,944)						(275,880)						(312,574)
Loans receivable, net						15,000,323						14,898,755						14,672,172						14,488,620						14,511,405
Bank premises and equipment, net						374,515						379,729						384,843						386,322						388,776
Foreclosed assets held for sale						41,263						41,529						39,680						43,407						43,040
Cash value of life insurance						219,075						218,113						221,621						219,786						219,353
Accrued interest receivable						110,702						107,732						115,983						120,129						118,871
Deferred tax asset, net						155,963						174,323						170,120						186,697						176,629
Goodwill						1,398,253						1,398,253						1,398,253						1,398,253						1,398,253
Core deposit intangible						34,231						36,255						38,280						40,327						42,395
Other assets						380,236						383,400						376,030						345,292						352,583
Total assets						$	22,707,802					$	22,907,022					$	22,992,203					$	22,490,748					$	22,823,117
LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits:
Demand and non-interest-bearing						$	3,880,101					$	4,024,574					$	4,079,289					$	4,006,115					$	3,937,168
Savings and interest-bearing transaction         accounts						11,500,921						11,571,949						11,586,106						11,347,850						10,966,426
Time deposits						1,946,674						1,891,909						1,876,096						1,792,332						1,802,116
Total deposits						17,327,696						17,488,432						17,541,491						17,146,297						16,705,710
Securities sold under agreements to repurchase						145,998						140,813						161,401						162,350						179,416
FHLB and other borrowed funds						550,500						550,500						600,500						600,750						1,300,750
Accrued interest payable and other liabilities						189,551						203,004						207,154						181,080						238,058
Subordinated debentures						279,093						438,957						439,102						439,246						439,394
Total liabilities						18,492,838						18,821,706						18,949,648						18,529,723						18,863,328
Shareholders' equity
Common stock						1,969						1,972						1,982						1,989						1,989
Capital surplus						2,214,211						2,221,576						2,246,312						2,272,794						2,272,100
Retained earnings						2,181,911						2,097,712						2,018,801						1,942,350						1,880,562
Accumulated other comprehensive loss						(183,127)						(235,944)						(224,540)						(256,108)						(194,862)
Total shareholders' equity						4,214,964						4,085,316						4,042,555						3,961,025						3,959,789
Total liabilities and shareholders' equity						$	22,707,802					$	22,907,022					$	22,992,203					$	22,490,748					$	22,823,117

Home BancShares, Inc.

Consolidated Statements of Income

(Unaudited)

						Quarter Ended																														Nine Months Ended
(In thousands)						Sep 30, 2025						Jun 30, 2025						Mar 31, 2025						Dec 31, 2024						Sep 30, 2024						Sep 30, 2025						Sep 30, 2024
Interest income:
Loans						$	283,165					$	276,041					$	270,784					$	278,409					$	281,977					$	829,990					$	821,595
Investment securities
Taxable						26,326						26,444						27,433						28,943						31,006						80,203						96,822
Tax-exempt						7,743						7,626						7,650						7,704						7,704						23,019						23,276
Deposits - other banks						6,242						8,951						6,620						7,585						12,096						21,813						35,188
Federal funds sold						56						53						55						73						62						164						182
Total interest income						323,532						319,115						312,542						322,714						332,845						955,189						977,063
Interest expense:
Interest on deposits						87,962						88,489						86,786						90,564						97,785						263,237						286,074
Federal funds purchased						—						—						—						—						1						—						1
FHLB and other borrowed funds						5,378						5,539						5,902						9,541						14,383						16,819						42,914
Securities sold under agreements to         repurchase						1,019						1,012						1,074						1,346						1,335						3,105						4,102
Subordinated debentures						3,007						4,123						4,124						4,121						4,121						11,254						12,340
Total interest expense						97,366						99,163						97,886						105,572						117,625						294,415						345,431
Net interest income						226,166						219,952						214,656						217,142						215,220						660,774						631,632
Provision for credit losses on loans						6,700						3,000						—						16,700						18,200						9,700						31,700
(Recovery of) provision for credit losses on         unfunded commitments						(1,000)						—						—						—						1,000						(1,000)						—
Recovery of credit losses on investment         securities						(2,194)						—						—						—						(330)						(2,194)						(330)
Total credit loss expense						3,506						3,000						—						16,700						18,870						6,506						31,370
Net interest income after credit loss expense						222,660						216,952						214,656						200,442						196,350						654,268						600,262
Non-interest income:
Service charges on deposit accounts						10,486						9,552						9,650						9,935						9,888						29,688						29,288
Other service charges and fees						12,130						12,643						10,689						11,651						10,490						35,462						31,358
Trust fees						4,600						5,234						4,760						4,526						4,403						14,594						14,191
Mortgage lending income						4,691						4,780						3,599						3,518						4,437						13,070						12,271
Insurance commissions						574						589						535						483						595						1,698						1,668
Increase in cash value of life insurance						1,404						1,415						1,842						1,215						1,161						4,661						3,635
Dividends from FHLB, FRB, FNBB & other						2,658						2,657						2,718						2,820						2,637						8,033						8,642
Gain on SBA loans						46						—						288						218						145						334						399
(Loss) gain on branches, equipment and other        assets, net						(66)						972						(163)						26						32						743						2,076
(Loss) gain on OREO, net						(1)						13						(376)						(2,423)						85						(364)						151
Fair value adjustment for marketable         securities						1,020						(238)						442						850						1,392						1,224						2,121
Other income						13,963						13,462						11,442						8,403						7,514						38,867						21,552
Total non-interest income						51,505						51,079						45,426						41,222						42,779						148,010						127,352
Non-interest expense:
Salaries and employee benefits						63,804						64,318						61,855						60,824						58,861						189,977						180,198
Occupancy and equipment						14,828						14,023						14,425						14,526						14,546						43,276						43,505
Data processing expense						8,871						8,364						8,558						9,324						9,088						25,793						27,170
Other operating expenses						27,335						29,335						28,090						27,536						27,550						84,760						83,853
Total non-interest expense						114,838						116,040						112,928						112,210						110,045						343,806						334,726
Income before income taxes						159,327						151,991						147,154						129,454						129,084						458,472						392,888
Income tax expense						35,723						33,588						31,945						28,890						29,046						101,256						91,211
Net income						$	123,604					$	118,403					$	115,209					$	100,564					$	100,038					$	357,216					$	301,677

Home BancShares, Inc.

Selected Financial Information

(Unaudited)

						Quarter Ended																														Nine Months Ended
(Dollars and shares in thousands, except per share data)						Sep 30, 2025						Jun 30, 2025						Mar 31, 2025						Dec 31, 2024						Sep 30, 2024						Sep 30, 2025						Sep 30, 2024
PER SHARE DATA
Diluted earnings per common share						$	0.63					$	0.60					$	0.58					$	0.51					$	0.50					$	1.80					$	1.51
Diluted earnings per common share, as adjusted     (non-GAAP)(1)						0.61						0.58						0.56						0.50						0.50						1.75						1.51
Basic earnings per common share						0.63						0.60						0.58						0.51						0.50						1.81						1.51
Dividends per share - common						0.20						0.20						0.195						0.195						0.195						0.595						0.555
Shareholder buyback yield(2)						0.18%						0.49%						0.53%						0.05%						0.56%						1.19%						1.64%
Book value per common share						$	21.41					$	20.71					$	20.40					$	19.92					$	19.91					$	21.41					$	19.91
Tangible book value per common share      (non-GAAP)(1)						14.13						13.44						13.15						12.68						12.67						14.13						12.67
STOCK INFORMATION
Average common shares outstanding						197,078						197,532						198,657						198,863						199,380						197,750						200,300
Average diluted shares outstanding						197,288						197,765						198,852						198,973						199,461						197,952						200,430
End of period common shares outstanding						196,889						197,239						198,206						198,882						198,879						196,889						198,879
ANNUALIZED PERFORMANCE METRICS
Return on average assets (ROA)						2.17		%				2.08		%				2.07		%				1.77		%				1.74		%				2.11		%				1.77		%
Return on average assets, as adjusted:      (ROA, as adjusted) (non-GAAP)(1)						2.10						2.02						2.01						1.76						1.72						2.04						1.77
Return on average assets excluding intangible      amortization (non-GAAP)(1)						2.34						2.25						2.24						1.92						1.88						2.28						1.92
Return on average assets, as adjusted, excluding      intangible amortization (non-GAAP)(1)						2.27						2.18						2.18						1.91						1.86						2.21						1.92
Return on average common equity (ROE)						11.91						11.77						11.75						10.13						10.23						11.81						10.53
Return on average common equity, as adjusted:      (ROE, as adjusted) (non-GAAP)(1)						11.54						11.39						11.41						10.05						10.12						11.45						10.55
Return on average tangible common equity      (ROTCE) (non-GAAP)(1)						18.28						18.26						18.39						15.94						16.26						18.31						16.91
Return on average tangible common equity, as adjusted:      (ROTCE, as adjusted) (non-GAAP)(1)						17.70						17.68						17.87						15.82						16.09						17.75						16.94
Return on average tangible common equity excluding      intangible amortization (non-GAAP)(1)						18.51						18.50						18.64						16.18						16.51						18.55						17.18
Return on average tangible common equity, as adjusted,      excluding intangible amortization (non-GAAP)(1)						17.93						17.92						18.12						16.07						16.34						17.98						17.20

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

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

Home BancShares, Inc.

Selected Financial Information

(Unaudited)

						Quarter Ended																														Nine Months Ended
(Dollars in thousands)						Sep 30, 2025						Jun 30, 2025						Mar 31, 2025						Dec 31, 2024						Sep 30, 2024						Sep 30, 2025						Sep 30, 2024
Efficiency ratio						40.21		%				41.68		%				42.22		%				42.24		%				41.42		%				41.35		%				42.91		%
Efficiency ratio, as adjusted (non-GAAP)(1)						40.95						42.01						42.84						42.00						41.66						41.91						42.87
Net interest margin - FTE (NIM)						4.56						4.44						4.44						4.39						4.28						4.48						4.23
Fully taxable equivalent adjustment						$	2,916					$	2,526					$	2,534					$	2,398					$	2,616					$	7,976					$	6,136
Total revenue (net)						277,671						271,031						260,082						258,364						257,999						808,784						758,984
Pre-tax, pre-provision, net income (PPNR)      (non-GAAP)(1)						162,833						154,991						147,154						146,154						147,954						464,978						424,258
PPNR, as adjusted (non-GAAP)(1)						157,704						150,404						142,821						145,209						146,562						450,929						422,176
Pre-tax net income to total revenue (net)						57.38		%				56.08		%				56.58		%				50.11		%				50.03		%				56.69		%				51.76		%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)						55.53						54.39						54.91						49.74						49.49						54.95						51.49
P5NR ((Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)						58.64						57.19						56.58						56.57						57.35						57.49						55.90
P5NR, as adjusted (non-GAAP)(1)						56.80						55.49						54.91						56.20						56.81						55.75						55.62
Total purchase accounting accretion						$	1,272					$	1,233					$	1,378					$	1,610					$	1,878					$	3,883					$	6,523
Average purchase accounting loan discounts						15,009						16,219						17,493						19,090						20,832						16,257						22,813
OTHER OPERATING EXPENSES
Advertising						$	2,149					$	2,054					$	1,928					$	1,941					$	1,810					$	6,131					$	5,156
Amortization of intangibles						2,024						2,025						2,047						2,068						2,095						6,096						6,375
Electronic banking expense						3,357						3,172						3,055						3,307						3,569						9,584						10,137
Directors' fees						405						431						452						356						362						1,288						1,283
Due from bank service charges						404						283						281						271						302						968						860
FDIC and state assessment						3,245						1,636						3,387						3,216						3,360						8,268						12,172
Insurance						1,110						1,049						999						900						926						3,158						2,734
Legal and accounting						1,061						2,360						3,641						2,361						1,902						7,062						6,600
Other professional fees						2,083						2,211						1,947						1,736						2,062						6,241						6,406
Operating supplies						773						711						711						711						673						2,195						1,969
Postage						538						488						503						518						522						1,529						1,542
Telephone						367						419						436						438						455						1,222						1,369
Other expense						9,819						12,496						8,703						9,713						9,512						31,018						27,250
Total other operating expenses						$	27,335					$	29,335					$	28,090					$	27,536					$	27,550					$	84,760					$	83,853

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

Home BancShares, Inc.

Selected Financial Information

(Unaudited)

(Dollars in thousands)						Sep 30, 2025						Jun 30, 2025						Mar 31, 2025						Dec 31, 2024						Sep 30, 2024
BALANCE SHEET RATIOS
Total loans to total deposits						88.22		%				86.80		%				85.24		%				86.11		%				88.74		%
Common equity to assets						18.56						17.83						17.58						17.61						17.35
Tangible common equity to tangible assets      (non-GAAP)(1)						13.08						12.35						12.09						11.98						11.78
LOANS RECEIVABLE
Real estate
Commercial real estate loans
Non-farm/non-residential						$	5,494,492					$	5,553,182					$	5,588,681					$	5,426,780					$	5,496,536
Construction/land development						2,709,197						2,695,561						2,735,760						2,736,214						2,741,419
Agricultural						331,301						315,926						335,437						336,993						335,965
Residential real estate loans
Residential 1-4 family						2,142,375						2,138,990						1,947,872						1,956,489						1,932,352
Multifamily residential						716,595						620,439						576,089						496,484						482,648
Total real estate						11,393,960						11,324,098						11,183,839						10,952,960						10,988,920
Consumer						1,233,523						1,218,834						1,227,745						1,234,361						1,219,197
Commercial and industrial						2,100,268						2,107,326						2,045,036						2,022,775						2,084,667
Agricultural						346,167						323,457						314,323						367,251						352,963
Other						212,054						206,909						181,173						187,153						178,232
Loans receivable						$	15,285,972					$	15,180,624					$	14,952,116					$	14,764,500					$	14,823,979
ALLOWANCE FOR CREDIT LOSSES
Balance, beginning of period						$	281,869					$	279,944					$	275,880					$	312,574					$	295,856
Loans charged off						4,651						4,071						3,458						53,959						2,001
Recoveries of loans previously charged off						1,731						2,996						7,522						565						519
Net loans charged off (recovered)						2,920						1,075						(4,064)						53,394						1,482
Provision for credit losses - loans						6,700						3,000						—						16,700						18,200
Balance, end of period						$	285,649					$	281,869					$	279,944					$	275,880					$	312,574
Net charge-offs (recoveries) to average total loans						0.08		%				0.03		%				(0.11)		%				1.44		%				0.04		%
Allowance for credit losses to total loans						1.87						1.86						1.87						1.87						2.11
NON-PERFORMING ASSETS
Non-performing loans
Non-accrual loans						$	81,087					$	89,261					$	86,383					$	93,853					$	95,747
Loans past due 90 days or more						4,125						7,031						3,264						5,034						5,356
Total non-performing loans						85,212						96,292						89,647						98,887						101,103
Other non-performing assets
Foreclosed assets held for sale, net						41,263						41,529						39,680						43,407						43,040
Other non-performing assets						—						—						63						63						63
Total other non-performing assets						41,263						41,529						39,743						43,470						43,103
Total non-performing assets						$	126,475					$	137,821					$	129,390					$	142,357					$	144,206
Allowance for credit losses for loans to non-performing loans						335.22		%				292.72		%				312.27		%				278.99		%				309.16		%
Non-performing loans to total loans						0.56						0.63						0.60						0.67						0.68
Non-performing assets to total assets						0.56						0.60						0.56						0.63						0.63

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

Home BancShares, Inc.

Consolidated Net Interest Margin

(Unaudited)

						Three Months Ended
						September 30, 2025																		June 30, 2025
(Dollars in thousands)						Average Balance						Income/ Expense						Yield/ Rate						Average Balance						Income/ Expense						Yield/ Rate
ASSETS
Earning assets
Interest-bearing balances due from banks						$	567,617					$	6,242					4.36		%				$	813,833					$	8,951					4.41		%
Federal funds sold						5,142						56						4.32						4,878						53						4.36
Investment securities - taxable						3,039,247						26,326						3.44						3,095,764						26,444						3.43
Investment securities - non-taxable - FTE						1,115,834						10,201						3.63						1,113,044						10,033						3.62
Loans receivable - FTE						15,216,448						283,623						7.39						15,055,414						276,160						7.36
Total interest-earning assets						19,944,288						326,448						6.49						20,082,933						321,641						6.42
Non-earning assets						2,694,650																		2,714,805
Total assets						$	22,638,938																	$	22,797,738
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts						$	11,408,316					$	70,406					2.45		%				$	11,541,641					$	71,042					2.47		%
Time deposits						1,911,703						17,556						3.64						1,886,147						17,447						3.71
Total interest-bearing deposits						13,320,019						87,962						2.62						13,427,788						88,489						2.64
Federal funds purchased						11						—						—						46						—						—
Securities sold under agreement to          repurchase						145,883						1,019						2.77						143,752						1,012						2.82
FHLB and other borrowed funds						550,501						5,378						3.88						566,984						5,539						3.92
Subordinated debentures						338,757						3,007						3.52						439,027						4,123						3.77
Total interest-bearing liabilities						14,355,171						97,366						2.69						14,577,597						99,163						2.73
Non-interest bearing liabilities
Non-interest bearing deposits						3,956,826																		3,981,901
Other liabilities						211,057																		202,085
Total liabilities						18,523,054																		18,761,583
Shareholders' equity						4,115,884																		4,036,155
Total liabilities and shareholders' equity						$	22,638,938																	$	22,797,738
Net interest spread																		3.80		%																3.69		%
Net interest income and margin - FTE												$	229,082					4.56												$	222,478					4.44

Home BancShares, Inc.

Consolidated Net Interest Margin

(Unaudited)

						Nine Months Ended
						September 30, 2025																		September 30, 2024
(Dollars in thousands)						Average Balance						Income/ Expense						Yield/ Rate						Average Balance						Income/ Expense						Yield/ Rate
ASSETS
Earning assets
Interest-bearing balances due from banks						$	664,308					$	21,813					4.39		%				$	878,368					$	35,188					5.35		%
Federal funds sold						5,037						164						4.35						4,688						182						5.19
Investment securities - taxable						3,104,254						80,203						3.45						3,436,874						96,822						3.76
Investment securities - non-taxable - FTE						1,121,481						30,294						3.61						1,202,003						29,077						3.23
Loans receivable - FTE						15,056,440						830,691						7.38						14,633,382						821,930						7.50
Total interest-earning assets						19,951,520						963,165						6.45						20,155,315						983,199						6.52
Non-earning assets						2,710,647																		2,662,627
Total assets						$	22,662,167																	$	22,817,942
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts						$	11,450,902					$	211,120					2.47		%				$	11,084,397					$	232,757					2.80		%
Time deposits						1,866,855						52,117						3.73						1,729,400						53,317						4.12
Total interest-bearing deposits						13,317,757						263,237						2.64						12,813,797						286,074						2.98
Federal funds purchased						19						—						—						26						1						5.14
Securities sold under agreement to          repurchase						148,462						3,105						2.80						163,013						4,102						3.36
FHLB and other borrowed funds						572,538						16,819						3.93						1,301,005						42,914						4.41
Subordinated debentures						405,285						11,254						3.71						439,613						12,340						3.75
Total interest-bearing liabilities						14,444,061						294,415						2.73						14,717,454						345,431						3.14
Non-interest bearing liabilities
Non-interest bearing deposits						3,973,135																		4,031,447
Other liabilities						201,228																		242,422
Total liabilities						18,618,424																		18,991,323
Shareholders' equity						4,043,743																		3,826,619
Total liabilities and shareholders' equity						$	22,662,167																	$	22,817,942
Net interest spread																		3.72		%																3.38		%
Net interest income and margin - FTE												$	668,750					4.48												$	637,768					4.23

Home BancShares, Inc.

Non-GAAP Reconciliations

(Unaudited)

						Quarter Ended																														Nine Months Ended
(Dollars and shares in thousands, except per share data)						Sep 30, 2025						Jun 30, 2025						Mar 31, 2025						Dec 31, 2024						Sep 30, 2024						Sep 30, 2025						Sep 30, 2024
EARNINGS, AS ADJUSTED
GAAP net income available to common shareholders (A)						$	123,604					$	118,403					$	115,209					$	100,564					$	100,038					$	357,216					$	301,677
Pre-tax adjustments
Gain on retirement of subordinated debt						(1,882)						—						—						—						—						(1,882)						—
FDIC special assessment						—						(1,516)						—						—						—						(1,516)						2,260
BOLI death benefits						(187)						(1,243)						—						(95)						—						(1,430)						(162)
Gain on sale of premises and equipment						—						(983)						—						—						—						(983)						(2,059)
Fair value adjustment for marketable securities						(1,020)						238						(442)						(850)						(1,392)						(1,224)						(2,121)
Special income from equity investment						—						(3,498)						(3,891)						—						—						(7,389)						—
Legal fee reimbursement						—						(885)						—						—						—						(885)						—
Legal claims expense						—						3,300						—						—						—						3,300						—
Recoveries on historic losses						(2,040)						—						—						—						—						(2,040)						—
Total pre-tax adjustments						(5,129)						(4,587)						(4,333)						(945)						(1,392)						(14,049)						(2,082)
Tax-effect of adjustments						(1,207)						(817)						(1,059)						(208)						(348)						(3,083)						(480)
Deferred tax asset write-down						—						—						—						—						—						—						2,030
Total adjustments after-tax (B)						(3,922)						(3,770)						(3,274)						(737)						(1,044)						(10,966)						428
Earnings, as adjusted (C)						$	119,682					$	114,633					$	111,935					$	99,827					$	98,994					$	346,250					$	302,105
Average diluted shares outstanding (D)						197,288						197,765						198,852						198,973						199,461						197,952						200,430
GAAP diluted earnings per share: (A/D)						$	0.63					$	0.60					$	0.58					$	0.51					$	0.50					$	1.80					$	1.51
Adjustments after-tax: (B/D)						(0.02)						(0.02)						(0.02)						(0.01)						—						(0.05)						—
Diluted earnings per common share, as adjusted: (C/D)						$	0.61					$	0.58					$	0.56					$	0.50					$	0.50					$	1.75					$	1.51
ANNUALIZED RETURN ON AVERAGE ASSETS
Return on average assets: (A/E)						2.17		%				2.08		%				2.07		%				1.77		%				1.74		%				2.11		%				1.77		%
Return on average assets, as adjusted: (ROA, as adjusted) ((A+D)/E)						2.10						2.02						2.01						1.76						1.72						2.04						1.77
Return on average assets excluding intangible amortization: ((A+C)/(E-F))						2.34						2.25						2.24						1.92						1.88						2.28						1.92
Return on average assets, as adjusted, excluding intangible amortization: ((A+C+D)/(E-F))						2.27						2.18						2.18						1.91						1.86						2.21						1.92
GAAP net income available to common shareholders (A)						$	123,604					$	118,403					$	115,209					$	100,564					$	100,038					$	357,216					$	301,677
Amortization of intangibles (B)						2,024						2,025						2,047						2,068						2,095						6,096						6,375
Amortization of intangibles after-tax (C)						1,529						1,530						1,547						1,563						1,572						4,607						4,782
Adjustments after-tax (D)						(3,922)						(3,770)						(3,274)						(737)						(1,044)						(10,966)						428
Average assets (E)						22,638,938						22,797,738						22,548,835						22,565,077						22,893,784						22,662,167						22,817,942
Average goodwill & core deposit intangible (F)						1,433,474						1,435,480						1,437,515						1,439,566						1,441,654						1,435,475						1,443,770

Home BancShares, Inc.

Non-GAAP Reconciliations

(Unaudited)

						Quarter Ended																														Nine Months Ended
(Dollars in thousands)						Sep 30, 2025						Jun 30, 2025						Mar 31, 2025						Dec 31, 2024						Sep 30, 2024						Sep 30, 2025						Sep 30, 2024
ANNUALIZED RETURN ON AVERAGE COMMON EQUITY
Return on average common equity: (A/D)						11.91		%				11.77		%				11.75		%				10.13		%				10.23		%				11.81		%				10.53		%
Return on average common equity, as adjusted: (ROE, as adjusted) ((A+C)/D)						11.54						11.39						11.41						10.05						10.12						11.45						10.55
Return on average tangible common equity:     (ROTCE) (A/(D-E))						18.28						18.26						18.39						15.94						16.26						18.31						16.91
Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) ((A+C)/(D-E))						17.70						17.68						17.87						15.82						16.09						17.75						16.94
Return on average tangible common equity excluding intangible amortization: (B/(D-E))						18.51						18.50						18.64						16.18						16.51						18.55						17.18
Return on average tangible common equity, as adjusted, excluding intangible amortization: ((B+C)/(D-E))						17.93						17.92						18.12						16.07						16.34						17.98						17.20
GAAP net income available to common shareholders (A)						$	123,604					$	118,403					$	115,209					$	100,564					$	100,038					$	357,216					$	301,677
Earnings excluding intangible amortization (B)						125,133						119,933						116,756						102,127						101,610						361,823						306,459
Adjustments after-tax (C)						(3,922)						(3,770)						(3,274)						(737)						(1,044)						(10,966)						428
Average common equity (D)						4,115,884						4,036,155						3,977,671						3,950,176						3,889,712						4,043,743						3,826,619
Average goodwill & core deposits intangible (E)						1,433,474						1,435,480						1,437,515						1,439,566						1,441,654						1,435,475						1,443,770
EFFICIENCY RATIO & P5NR
Efficiency ratio: ((D-G)/(B+C+E))						40.21		%				41.68		%				42.22		%				42.24		%				41.42		%				41.35		%				42.91		%
Efficiency ratio, as adjusted: ((D-G-I)/(B+C+E-H))						40.95						42.01						42.84						42.00						41.66						41.91						42.87
Pre-tax net income to total revenue (net) (A/(B+C))						57.38						56.08						56.58						50.11						50.03						56.69						51.76
Pre-tax net income, as adjusted, to total revenue (net) ((A+F)/(B+C))						55.53						54.39						54.91						49.74						49.49						54.95						51.49
Pre-tax, pre-provision, net income (PPNR) (B+C-D)						$	162,833					$	154,991					$	147,154					$	146,154					$	147,954					$	464,978					$	424,258
Pre-tax, pre-provision, net income, as adjusted (B+C-D+F)						157,704						150,404						142,821						145,209						146,562						450,929						422,176
P5NR ((Pre-tax, pre-provision, profit percentage) PPNR to total revenue (net)) (B+C-D)/(B+C)						58.64		%				57.19		%				56.58		%				56.57		%				57.35		%				57.49		%				55.90		%
P5NR, as adjusted (B+C-D+F-G)/(B+C)						56.80						55.49						54.91						56.20						56.81						55.75						55.62
Pre-tax net income (A)						$	159,327					$	151,991					$	147,154					$	129,454					$	129,084					$	458,472					$	392,888
Net interest income (B)						226,166						219,952						214,656						217,142						215,220						660,774						631,632
Non-interest income (C)						51,505						51,079						45,426						41,222						42,779						148,010						127,352
Non-interest expense (D)						114,838						116,040						112,928						112,210						110,045						343,806						334,726
Fully taxable equivalent adjustment (E)						2,916						2,526						2,534						2,398						2,616						7,976						6,136
Total pre-tax adjustments (F)						(5,129)						(4,587)						(4,333)						(945)						(1,392)						(14,049)						(2,082)
Amortization of intangibles (G)						2,024						2,025						2,047						2,068						2,095						6,096						6,375
Adjustments:
Non-interest income:
Gain on retirement of subordinated debt						$	1,882					$	—					$	—					$	—					$	—					$	1,882					$	—
Fair value adjustment for marketable securities						1,020						(238)						442						850						1,392						1,224						2,121
(Loss) gain on OREO						(1)						13						(376)						(2,423)						85						(364)						151
(Loss) gain on branches, equipment and other assets, net						(66)						972						(163)						26						32						743						2,076
Special income from equity investment						—						3,498						3,891						—						—						7,389						—
Legal expense reimbursement						—						885						—						—						—						885						—
BOLI death benefits						187						1,243						—						95						—						1,430						162
Recoveries on historic losses						2,040						—						—						—						—						2,040						—
Total non-interest income adjustments (H)						$	5,062					$	6,373					$	3,794					$	(1,452)					$	1,509					$	15,229					$	4,510
Non-interest expense:
FDIC special assessment						—						(1,516)						—						—						—						(1,516)						2,260
Legal claims expense						—						3,300						—						—						—						3,300						—
Total non-interest expense adjustments (I)						$	—					$	1,784					$	—					$	—					$	—					$	1,784					$	2,260

Home BancShares, Inc.

Non-GAAP Reconciliations

(Unaudited)

						Quarter Ended
						Sep 30, 2025						Jun 30, 2025						Mar 31, 2025						Dec 31, 2024						Sep 30, 2024
TANGIBLE BOOK VALUE PER COMMON SHARE
Book value per common share: (A/B)						$	21.41					$	20.71					$	20.40					$	19.92					$	19.91
Tangible book value per common share: ((A-C-D)/B)						14.13						13.44						13.15						12.68						12.67
Total shareholders' equity (A)						$	4,214,964					$	4,085,316					$	4,042,555					$	3,961,025					$	3,959,789
End of period common shares outstanding (B)						196,889						197,239						198,206						198,882						198,879
Goodwill (C)						1,398,253						1,398,253						1,398,253						1,398,253						1,398,253
Core deposit and other intangibles (D)						34,231						36,255						38,280						40,327						42,395
TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS
Equity to assets: (B/A)						18.56		%				17.83		%				17.58		%				17.61		%				17.35		%
Tangible common equity to tangible assets: ((B-C-D)/(A-C-D))						13.08						12.35						12.09						11.98						11.78
Total assets (A)						$	22,707,802					$	22,907,022					$	22,992,203					$	22,490,748					$	22,823,117
Total shareholders' equity (B)						4,214,964						4,085,316						4,042,555						3,961,025						3,959,789
Goodwill (C)						1,398,253						1,398,253						1,398,253						1,398,253						1,398,253
Core deposit and other intangibles (D)						34,231						36,255						38,280						40,327						42,395

Home BancShares, Inc.

Shareholder Buyback Yield

(Unaudited)

						Quarter Ended																														Nine Months Ended
(Dollars and shares in thousands)						Sep 30, 2025						Jun 30, 2025						Mar 31, 2025						Dec 31, 2024						Sep 30, 2024						Sep 30, 2025						Sep 30, 2024
SHAREHOLDER BUYBACK YIELD
Shareholder buyback yield: (A/B)						0.18		%				0.49		%				0.53		%				0.05		%				0.56		%				1.19		%				1.64		%
Shares repurchased						350						1,000						1,000						96						1,000						2,350						3,426
Average price per share						$	28.34					$	26.99					$	29.67					$	26.38					$	26.90					$	28.33					$	24.36
Principal cost						9,918						26,989						29,668						2,526						26,902						66,575						83,450
Excise tax						93						459						117						(72)						63						669						484
Total share repurchase cost (A)						$	10,011					$	27,448					$	29,785					$	2,454					$	26,965					$	67,244					$	83,934
Shares outstanding beginning of period						197,239						198,206						198,882						198,879						199,746						198,882						201,526
Price per share beginning of period						$	28.46					$	28.27					$	28.30					$	27.09					$	23.96					$	28.30					$	25.33
Market capitalization beginning of period (B)						$	5,613,422					$	5,603,284					$	5,628,361					$	5,387,632					$	4,785,914					$	5,628,361					$	5,104,654