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Form 8-K

sec.gov

8-K — HOME BANCSHARES INC

Accession: 0001331520-26-000106

Filed: 2026-07-15

Period: 2026-07-15

CIK: 0001331520

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — homb-20260715.htm (Primary)

EX-99.1 (homb063026earningsrelease.htm)

EX-99.2 (q22026presentationforweb.htm)

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8-K

8-K (Primary)

Filename: homb-20260715.htm · Sequence: 1

homb-20260715

0001331520false00013315202022-02-242022-02-24

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_________________________________

FORM 8-K

_________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 15, 2026

_________________________________

HOME BANCSHARES, INC.

(Exact name of Registrant as Specified in Its Charter)

_________________________________

Arkansas 001-41093 71-0682831

(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

719 Harkrider, Suite 100

Conway, Arkansas 72032

(Address of Principal Executive Offices) (Zip Code)

(501) 339-2929

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

_________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, par value $0.01 per share HOMB New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02    Results of Operations and Financial Condition.

Home BancShares, Inc. (the “Company”) hereby furnishes its July 15, 2026 press release announcing second quarter 2026 earnings, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 7.01    Regulation FD Disclosure.

See Item 2.02. Results of Operations and Financial Condition.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1

Press Release: Home BancShares, Inc. Announces Second Quarter Earnings

99.2

Supplemental Presentation for Second Quarter Earnings Call

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Home BancShares, Inc.

Date: July 15, 2026 By: /s/ Jennifer C. Floyd

Jennifer C. Floyd

Chief Accounting Officer

EX-99.1

EX-99.1

Filename: homb063026earningsrelease.htm · Sequence: 2

Document

EXHIBIT 99.1

For Immediate Release: July 15, 2026

Record Revenue and Successful Mountain Commerce Bancorp Acquisition

Drive Strong Second Quarter Results for HOMB

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

Quarterly Highlights

Metric Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025

Net income

$119.3 million

$118.2 million

$118.2 million

$123.6 million

$118.4 million

Net income, as adjusted (non-GAAP)(1)

$128.1 million

$118.2 million

$117.9 million

$119.7 million

$114.6 million

Total revenue (net)

$295.1 million

$266.7 million

$282.1 million

$277.7 million

$271.0 million

Income before income taxes

$154.4 million

$152.2 million

$153.3 million

$159.3 million

$152.0 million

Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)

$159.6 million

$152.7 million

$167.7 million

$162.8 million

$155.0 million

PPNR, as adjusted (non-GAAP)(1)

$171.2 million

$152.7 million

$167.1 million

$157.7 million

$150.4 million

Pre-tax net income to total revenue (net)

52.32%

57.08%

54.35%

57.38%

56.08%

Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)

56.27% 57.06% 54.14%

55.53%

54.39%

P5NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)

54.08%

57.27%

59.46%

58.64%

57.19%

P5NR, as adjusted (non-GAAP)(1)

58.03% 57.25% 59.25%

56.80%

55.49%

ROA

1.95%

2.09%

2.06% 2.17% 2.08%

ROA, as adjusted (non-GAAP)(1)

2.09% 2.09% 2.05% 2.10% 2.02%

NIM

4.51%

4.51%

4.61% 4.56% 4.44%

Purchase accounting accretion

$3.6 million

$1.1 million

$1.3 million

$1.3 million

$1.2 million

ROE

10.55%

11.09%

11.04% 11.91% 11.77%

ROE, as adjusted (non-GAAP)(1)

11.32% 11.08% 11.01% 11.54% 11.39%

ROTCE (non-GAAP)(1)

15.67%

16.56%

16.65% 18.28% 18.26%

ROTCE, as adjusted (non-GAAP)(1)

16.82% 16.55% 16.60% 17.70% 17.68%

Diluted earnings per share

$0.59

$0.60

$0.60 $0.63 $0.60

Diluted earnings per share, as adjusted (non-GAAP)(1)

$0.64 $0.60 $0.60 $0.61 $0.58

Non-performing assets to total assets

0.93%

0.97%

0.55% 0.56% 0.60%

Common equity tier 1 capital 16.4% 16.7% 16.3% 16.1% 15.6%

Leverage 14.0% 14.3% 14.1% 13.8% 13.4%

Tier 1 capital 16.4% 16.7% 16.3% 16.1% 15.6%

Total risk-based capital 19.0% 19.5% 19.1% 18.9% 19.3%

Allowance for credit losses to total loans

1.92%

1.90%

1.90% 1.87% 1.86%

Book value per share $22.68 $22.15 $21.88 $21.41 $20.71

Tangible book value per share (non-GAAP)(1)

$15.32 $14.87 $14.60 $14.13 $13.44

Dividends per share

$0.21 $0.21 $0.21 $0.20 $0.20

Shareholder buyback yield(2)

0.77% 0.25% 0.27% 0.18% 0.49%

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

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

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

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

Quarterly Financial Performance Trends

Net income totaled $119.3 million for the second quarter of 2026, compared to $118.4 million for the second quarter of 2025. The Company completed its acquisition of Mountain Commerce Bancorp, Inc. (“Mountain Commerce”) during the quarter and recognized $12.7 million in merger-related expenses. Net income, as adjusted (non-GAAP)(1), which excludes merger expenses and certain other items, reached a Company-record $128.1 million, an increase of 8.4% from $118.2 million in the prior quarter.

Pre-tax, pre-provision net revenue (PPNR) (non-GAAP)(1) totaled $159.6 million for the second quarter of 2026, compared to $152.7 million in the first quarter of 2026. The Company completed its acquisition of Mountain Commerce during the quarter and incurred $12.7 million in merger-related expenses. Excluding merger expenses and certain other non-fundamental adjustments, PPNR, as adjusted (Non-GAAP)(1) increased to a Company-record $171.2 million, compared to $152.7 million in the prior quarter, reflecting revenue growth, including the impact of the Mountain Commerce acquisition, and continued operating performance.

Dollar amounts presented below in thousands.

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

Total revenue (net) reached a Company-record $295.1 million for the second quarter of 2026, increasing 10.6% from $266.7 million in the prior quarter. The increase was driven by strong growth in net interest income, including the contribution from the Mountain Commerce acquisition completed during the quarter. The acquisition further enhances the Company's earnings capacity and positions it well for continued revenue growth and earnings accretion in future periods.

Total expenses increased during the second quarter of 2026, reflecting the completed acquisition of Mountain Commerce. Interest expense increased to $95.2 million from $87.1 million in the prior quarter, primarily due to higher interest on deposits resulting from a $921.3 million increase in interest-bearing deposits. Non-interest expense increased to $135.5 million from $114.0 million in the first quarter of 2026, driven primarily by $12.7 million of merger-related expenses incurred during the quarter.

The efficiency ratio was 44.54% for the second quarter of 2026, compared to 41.59% in the prior quarter, primarily reflecting $12.7 million of merger-related expenses associated with the completed acquisition of Mountain Commerce. Excluding merger-related expenses and certain other non-GAAP adjustments, the efficiency ratio, as adjusted, (non-GAAP)(1) improved to 40.46%, highlighting continued operating discipline while integrating the acquisition.

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

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

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

Operating Highlights

Net income for the three-month period ended June 30, 2026 was $119.3 million, or $0.59 diluted earnings per share. When adjusting for non-fundamental items, net income and diluted earnings per share on an as-adjusted basis (non-GAAP), were $128.1 million(1) and $0.64 per share(1), respectively, for the three months ended June 30, 2026.

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

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

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

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

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

Financial Condition

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

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

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

For the Three Months Ended June 30, 2026

(in thousands) Texas Arkansas Centennial CFG Shore Premier Finance Florida Tennessee Alabama Total

Charge-offs $ 1,708  $ 2,605  $ —  $ 1,896  $ 286  $ 11  $ 14  $ 6,520

Recoveries (249) (324) —  (5) (142) —  (2) (722)

Net charge-offs (recoveries) $ 1,459  $ 2,281  $ —  $ 1,891  $ 144  $ 11  $ 12  $ 5,798

For the Three Months Ended March 31, 2026

(in thousands) Texas Arkansas Centennial CFG Shore Premier Finance Florida Alabama Total

Charge-offs $ 1,720  $ 982  $ —  $ —  $ 137  $ 10  $ 2,849

Recoveries (788) (278) —  (277) (54) (3) (1,400)

Net charge-offs (recoveries) $ 932  $ 704  $ —  $ (277) $ 83  $ 7  $ 1,449

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

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

(in thousands) Texas Arkansas Centennial CFG Shore Premier Finance Florida Tennessee Alabama Total

Non-accrual loans $ 123,170  $ 19,529  $ —  $ 11,886  $ 24,235  $ 4,335  $ 44  $ 183,199

Loans 90+ days past due 690  238  —  —  282  916  —  2,126

Total non-performing loans 123,860  19,767  —  11,886  24,517  5,251  44  185,325

Foreclosed assets held for sale 15,647  2,028  22,812  —  260  1,392  —  42,139

Other non-performing assets —  —  —  1,140  —  —  —  1,140

Total other non-performing assets 15,647  2,028  22,812  1,140  260  1,392  —  43,279

Total non-performing assets $ 139,507  $ 21,795  $ 22,812  $ 13,026  $ 24,777  $ 6,643  $ 44  $ 228,604

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

(in thousands) Texas Arkansas Centennial CFG Shore Premier Finance Florida Alabama Total

Non-accrual loans $ 119,333  $ 21,833  $ 787  $ 12,131  $ 25,532  $ 23  $ 179,639

Loans 90+ days past due 1,077  36  —  —  1,368  —  2,481

Total non-performing loans 120,410  21,869  787  12,131  26,900  23  182,120

Foreclosed assets held for sale 16,164  1,638  22,812  —  260  —  40,874

Other non-performing assets —  —  —  1,140  —  —  1,140

Total other non-performing assets 16,164  1,638  22,812  1,140  260  —  42,014

Total non-performing assets $ 136,574  $ 23,507  $ 23,599  $ 13,271  $ 27,160  $ 23  $ 224,134

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

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

Stock Repurchases and Dividends

During the three-month period ended June 30, 2026, the Company repurchased 1.5 million shares of common stock, which equated to a shareholder buyback yield of 0.77%(2). In comparison, during the three-month period ended March 31, 2026, the Company repurchased 507,622 shares of common stock, which equated to a shareholder buyback yield of 0.25%(2). The Company defines shareholder buyback yield as the percentage of the Company’s market capitalization spent on share repurchases. It reflects how much the Company is returning to the shareholders by reducing the number of outstanding shares, and it is calculated by dividing the Company’s total share repurchase cost for the period by the Company’s total market capitalization at the beginning of the period.

In addition, during the quarter ended June 30, 2026, the Company paid a dividend of $0.21 per share. This cash dividend was consistent with the dividend paid during the first quarter of 2026.

Branches

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

Conference Call

Management will conduct a conference call to review this information at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, July 16, 2026. We strongly encourage all participants to pre-register for the conference call webcast or the live call using one of the following links. First, participants can pre-register for the conference call webcast using the following link: https://events.q4inc.com/attendee/346859709. Participants who pre-register will be given a unique webcast link to gain immediate access to the conference call webcast. Second, participants can pre-register for the live call using the following link: https://events.q4inc.com/analyst/346859709?pwd=sU182NPD. Participants who pre-register will be given the phone number and unique access codes to gain immediate access to the live call. Participants may pre-register now, or at any time prior to the call, and will immediately receive simple instructions via email. The Home BancShares conference call will also be scheduled as an event in your Outlook calendar.

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

About Home BancShares

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

Non-GAAP Financial Measures

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

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

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

General

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

####

FOR MORE INFORMATION CONTACT:

Donna Townsell

Director of Investor Relations

Home BancShares, Inc.

(501) 328-4625

Home BancShares, Inc.

Consolidated End of Period Balance Sheets

(Unaudited)

(In thousands) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025

ASSETS

Cash and due from banks $ 279,660  $ 296,209  $ 237,224  $ 284,750  $ 291,344

Interest-bearing deposits with other banks 772,859  815,714  430,113  516,170  809,729

Cash and cash equivalents 1,052,519  1,111,923  667,337  800,920  1,101,073

Federal funds sold 5,450  6,025  3,000  3,625  2,600

Investment securities - available-for-sale,

net of allowance for credit losses 2,776,216  2,803,847  2,871,931  2,924,496  2,899,968

Investment securities - held-to-maturity,

net of allowance for credit losses 1,254,802  1,256,635  1,259,262  1,264,200  1,265,292

Total investment securities 4,031,018  4,060,482  4,131,193  4,188,696  4,165,260

Loans receivable 17,127,208  15,633,628  15,686,209  15,285,972  15,180,624

Allowance for credit losses (328,369) (297,634) (297,583) (285,649) (281,869)

Loans receivable, net 16,798,839  15,335,994  15,388,626  15,000,323  14,898,755

Bank premises and equipment, net 437,552  374,010  369,324  374,515  379,729

Foreclosed assets held for sale 42,139  40,874  39,831  41,263  41,529

Cash value of life insurance 233,515  221,830  220,469  219,075  218,113

Accrued interest receivable 108,384  106,628  108,939  110,702  107,732

Deferred tax asset, net 153,803  143,987  148,022  155,963  174,323

Goodwill 1,410,211  1,398,253  1,398,253  1,398,253  1,398,253

Core deposit intangible 65,541  30,355  32,293  34,231  36,255

Other assets 374,277  371,318  374,592  380,236  383,400

Total assets $ 24,713,248  $ 23,201,679  $ 22,881,879  $ 22,707,802  $ 22,907,022

LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits:

Demand and non-interest-bearing $ 4,447,710  $ 3,994,217  $ 3,868,405  $ 3,880,101  $ 4,024,574

Savings and interest-bearing transaction

accounts

12,423,361  11,971,866  11,792,828  11,500,921  11,571,949

Time deposits 2,242,034  1,772,192  1,818,724  1,946,674  1,891,909

Total deposits 19,113,105  17,738,275  17,479,957  17,327,696  17,488,432

Securities sold under agreements to repurchase 158,744  157,409  155,803  145,998  140,813

FHLB and other borrowed funds 450,250  500,250  500,250  550,500  550,500

Accrued interest payable and other liabilities 164,112  176,727  169,733  189,551  203,004

Subordinated debentures 279,602  279,433  279,265  279,093  438,957

Total liabilities 20,165,813  18,852,094  18,585,008  18,492,838  18,821,706

Shareholders' equity

Common stock 2,005  1,964  1,964  1,969  1,972

Capital surplus 2,301,551  2,191,243  2,201,923  2,214,211  2,221,576

Retained earnings 2,412,859  2,335,787  2,258,871  2,181,911  2,097,712

Accumulated other comprehensive loss (168,980) (179,409) (165,887) (183,127) (235,944)

Total shareholders' equity 4,547,435  4,349,585  4,296,871  4,214,964  4,085,316

Total liabilities and shareholders' equity $ 24,713,248  $ 23,201,679  $ 22,881,879  $ 22,707,802  $ 22,907,022

Home BancShares, Inc.

Consolidated Statements of Income

(Unaudited)

Quarter Ended Six Months Ended

(In thousands) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025

Interest income:

Loans $ 298,066  $ 273,473  $ 285,491  $ 283,165  $ 276,041  $ 571,539  $ 546,825

Investment securities

Taxable 25,787  24,728  25,860  26,326  26,444  50,515  53,877

Tax-exempt 7,811  7,829  7,834  7,743  7,626  15,640  15,276

Deposits - other banks 5,135  4,945  4,405  6,242  8,951  10,080  15,571

Federal funds sold 37  48  41  56  53  85  108

Total interest income 336,836  311,023  323,631  323,532  319,115  647,859  631,657

Interest expense:

Interest on deposits 87,432  79,145  83,739  87,962  88,489  166,577  175,275

FHLB and other borrowed funds 4,346  4,692  4,985  5,378  5,539  9,038  11,441

Securities sold under agreements to

repurchase

1,057  927  962  1,019  1,012  1,984  2,086

Subordinated debentures 2,358  2,355  2,359  3,007  4,123  4,713  8,247

Total interest expense 95,193  87,119  92,045  97,366  99,163  182,312  197,049

Net interest income 241,643  223,904  231,586  226,166  219,952  465,547  434,608

Provision for credit losses on loans 5,200  1,500  14,400  6,700  3,000  6,700  3,000

Recovery of credit losses on

unfunded commitments

—  (1,000) —  (1,000) —  (1,000) —

Recovery of credit losses on investment

securities

—  —  —  (2,194) —  —  —

Total credit loss expense 5,200  500  14,400  3,506  3,000  5,700  3,000

Net interest income after credit loss expense 236,443  223,404  217,186  222,660  216,952  459,847  431,608

Non-interest income:

Service charges on deposit accounts 10,030  10,007  10,480  10,486  9,552  20,037  19,202

Other service charges and fees 12,973  9,810  11,148  12,130  12,643  22,783  23,332

Trust fees 6,109  5,482  5,121  4,600  5,234  11,591  9,994

Mortgage lending income 5,139  4,430  4,680  4,691  4,780  9,569  8,379

Insurance commissions 578  536  460  574  589  1,114  1,124

Increase in cash value of life insurance 1,553  1,368  1,400  1,404  1,415  2,921  3,257

Dividends from FHLB, FRB, FNBB & other 2,841  2,536  2,678  2,658  2,657  5,377  5,375

Gain on SBA loans —  80  308  46  —  80  288

Gain (loss) on branches, equipment and other

assets, net 3  (7) 11  (66) 972  (4) 809

Gain (loss) on OREO, net 332  707  203  (1) 13  1,039  (363)

Fair value adjustment for marketable

securities

817  (1,248) 1,173  1,020  (238) (431) 204

Other income 13,079  9,102  12,838  13,963  13,462  22,181  24,904

Total non-interest income 53,454  42,803  50,500  51,505  51,079  96,257  96,505

Non-interest expense:

Salaries and employee benefits 68,742  63,236  62,891  63,804  64,318  131,978  126,173

Occupancy and equipment 15,787  14,867  14,434  14,828  14,023  30,654  28,448

Data processing expense 9,307  8,884  8,653  8,871  8,364  18,191  16,922

Merger and acquisition expenses 12,726  394  580  —  —  13,120  —

Other operating expenses 28,932  26,594  27,805  27,335  29,335  55,526  57,425

Total non-interest expense 135,494  113,975  114,363  114,838  116,040  249,469  228,968

Income before income taxes 154,403  152,232  153,323  159,327  151,991  306,635  299,145

Income tax expense 35,076  34,023  35,098  35,723  33,588  69,099  65,533

Net income $ 119,327  $ 118,209  $ 118,225  $ 123,604  $ 118,403  $ 237,536  $ 233,612

Home BancShares, Inc.

Selected Financial Information

(Unaudited)

Quarter Ended Six Months Ended

(Dollars and shares in thousands, except per share data) Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Jun 30, 2026 Jun 30, 2025

PER SHARE DATA

Diluted earnings per common share $ 0.59 $ 0.60 $ 0.60 $ 0.63 $ 0.60 $ 1.19 $ 1.18

Diluted earnings per common share, as adjusted

(non-GAAP)(1)

0.64 0.60 0.60 0.61 0.58 1.24 1.14

Basic earnings per common share 0.59 0.60 0.60 0.63 0.60 1.19 1.18

Dividends per share - common 0.21 0.21 0.210 0.200 0.200 0.210 0.395

Shareholder buyback yield(2)

0.77% 0.25% 0.27% 0.18% 0.49% 1.00% 1.02%

Book value per common share $ 22.68 $ 22.15 $ 21.88 $ 21.41 $ 20.71 $ 22.68 $ 20.71

Tangible book value per common share

(non-GAAP)(1)

15.32 14.87 14.60 14.13 13.44 15.32 13.44

STOCK INFORMATION

Average common shares outstanding 201,223 196,528 196,553 197,078 197,532 198,889 198,091

Average diluted shares outstanding 201,420 196,733 196,764 197,288 197,765 199,088 198,289

End of period common shares outstanding 200,460 196,394 196,357 196,889 197,239 200,460 197,239

ANNUALIZED PERFORMANCE METRICS

Return on average assets (ROA) 1.95  % 2.09  % 2.06  % 2.17  % 2.08  % 2.02  % 2.08  %

Return on average assets, as adjusted:

(ROA, as adjusted) (non-GAAP)(1)

2.09  2.09  2.05  2.10  2.02  2.09  2.02

Return on average assets excluding intangible

amortization (non-GAAP)(1)

2.12  2.25  2.22  2.34  2.25  2.18  2.25

Return on average assets, as adjusted, excluding

intangible amortization (non-GAAP)(1)

2.27  2.25  2.22  2.27  2.18  2.26  2.18

Return on average common equity (ROE) 10.55  11.09  11.04  11.91  11.77  10.78  11.76

Return on average common equity, as adjusted:

(ROE, as adjusted) (non-GAAP)(1)

11.32  11.08  11.01  11.54  11.39  11.18  11.40

Return on average tangible common equity

(ROTCE) (non-GAAP)(1)

15.67  16.56  16.65  18.28  18.26  16.03  18.33

Return on average tangible common equity, as adjusted:

(ROTCE, as adjusted) (non-GAAP)(1)

16.82  16.55  16.60  17.70  17.68  16.62  17.77

Return on average tangible common equity excluding

intangible amortization (non-GAAP)(1)

15.96  16.76  16.85  18.51  18.50  16.28  18.57

Return on average tangible common equity, as adjusted,

excluding intangible amortization (non-GAAP)(1)

17.11  16.76  16.80  17.93  17.92  16.87  18.02

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

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

Home BancShares, Inc.

Selected Financial Information

(Unaudited)

Quarter Ended Six Months Ended

(Dollars in thousands) Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Jun 30, 2026 Jun 30, 2025

Efficiency ratio 44.54  % 41.59  % 39.54  % 40.21  % 41.68  % 43.14  % 41.94  %

Efficiency ratio, as adjusted (non-GAAP)(1)

40.46  41.99  39.53  40.95  42.01  41.19  42.42

Net interest margin - FTE (NIM) 4.51  4.51  4.61  4.56  4.44  4.51  4.44

Fully taxable equivalent adjustment $ 2,653 $ 2,661 $ 2,252 $ 2,916 $ 2,526 $ 5,314 $ 5,060

Total revenue (net) 295,097 266,707 282,086 277,671 271,031 561,804 531,113

Pre-tax, pre-provision, net income (PPNR)

(non-GAAP)(1)

159,603 152,732 167,723 162,833 154,991 312,335 302,145

PPNR, as adjusted (non-GAAP)(1)

171,238 152,677 167,130 157,704 150,404 323,915 293,225

Pre-tax net income to total revenue (net) 52.32  % 57.08  % 54.35  % 57.38  % 56.08  % 54.58  % 56.32  %

Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)

56.27  57.06  54.14  55.53  54.39  56.64  54.64

P5NR ((Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)

54.08  57.27  59.46  58.64  57.19  55.60  56.89

P5NR, as adjusted (non-GAAP)(1)

58.03  57.25  59.25  56.80  55.49  57.66  55.21

Total purchase accounting accretion $ 3,618 $ 1,061 $ 1,265 $ 1,272 $ 1,233 $ 4,679 $ 2,611

Average purchase accounting loan discounts 41,962 12,507 13,753 15,009 16,219 27,311 16,873

OTHER OPERATING EXPENSES

Advertising $ 2,214 $ 2,227 $ 2,114 $ 2,149 $ 2,054 $ 4,441 $ 3,982

Amortization of intangibles 2,889 1,938 1,938 2,024 2,025 4,827 4,072

Electronic banking expense 3,223 3,326 3,288 3,357 3,172 6,549 6,227

Directors' fees 416 518 388 405 431 934 883

Due from bank service charges 344 333 324 404 283 677 564

FDIC and state assessment 3,045 1,599 2,970 3,245 1,636 4,644 5,023

Insurance 1,090 1,074 1,044 1,110 1,049 2,164 2,048

Legal and accounting 1,426 914 1,362 1,061 2,360 2,340 6,001

Other professional fees 2,247 1,946 2,168 2,083 2,211 4,193 4,158

Operating supplies 769 748 759 773 711 1,517 1,422

Postage 684 543 564 538 488 1,227 991

Telephone 324 363 382 367 419 687 855

Other expense 10,261 11,065 10,504 9,819 12,496 21,326 21,199

Total other operating expenses $ 28,932 $ 26,594 $ 27,805 $ 27,335 $ 29,335 $ 55,526 $ 57,425

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

Home BancShares, Inc.

Selected Financial Information

(Unaudited)

(Dollars in thousands) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025

BALANCE SHEET RATIOS

Total loans to total deposits 89.61  % 88.13  % 89.74  % 88.22  % 86.80  %

Common equity to assets 18.40  18.75  18.78  18.56  17.83

Tangible common equity to tangible assets

(non-GAAP)(1)

13.22  13.42  13.36  13.08  12.35

LOANS RECEIVABLE

Real estate

Commercial real estate loans

Non-farm/non-residential $ 5,921,829 $ 5,395,529 $ 5,290,112 $ 5,494,492 $ 5,553,182

Construction/land development 2,780,116 2,613,604 2,726,993 2,709,197 2,695,561

Agricultural 329,231 321,046 332,412 331,301 315,926

Residential real estate loans

Residential 1-4 family 2,545,462 2,100,374 2,134,334 2,142,375 2,138,990

Multifamily residential 1,269,728 1,232,639 1,140,911 716,595 620,439

Total real estate 12,846,366 11,663,192 11,624,762 11,393,960 11,324,098

Consumer 1,278,008 1,254,936 1,253,746 1,233,523 1,218,834

Commercial and industrial 2,285,054 2,172,267 2,222,401 2,100,268 2,107,326

Agricultural 356,611 329,563 359,879 346,167 323,457

Other 361,169 213,670 225,421 212,054 206,909

Loans receivable $ 17,127,208 $ 15,633,628 $ 15,686,209 $ 15,285,972 $ 15,180,624

ALLOWANCE FOR CREDIT LOSSES

Balance, beginning of period $ 297,634 $ 297,583 $ 285,649 $ 281,869 $ 279,944

Allowance for credit losses on acquired loans - MCBI 31,333 — — — —

Loans charged off 6,520 2,849 3,063 4,651 4,071

Recoveries of loans previously charged off 722 1,400 597 1,731 2,996

Net loans charged off (recovered) 5,798 1,449 2,466 2,920 1,075

Provision for credit losses - loans 5,200 1,500 14,400 6,700 3,000

Balance, end of period $ 328,369 $ 297,634 $ 297,583 $ 285,649 $ 281,869

Net charge-offs (recoveries) to average total loans 0.14  % 0.04  % 0.06  % 0.08  % 0.03  %

Allowance for credit losses to total loans 1.92  1.90  1.90  1.87  1.86

NON-PERFORMING ASSETS

Non-performing loans

Non-accrual loans $ 183,199 $ 179,639 $ 78,002 $ 81,087 $ 89,261

Loans past due 90 days or more 2,126 2,481 6,980 4,125 7,031

Total non-performing loans 185,325 182,120 84,982 85,212 96,292

Other non-performing assets

Foreclosed assets held for sale, net 42,139 40,874 39,831 41,263 41,529

Other non-performing assets 1,140 1,140 — — —

Total other non-performing assets 43,279 42,014 39,831 41,263 41,529

Total non-performing assets $ 228,604 $ 224,134 $ 124,813 $ 126,475 $ 137,821

Allowance for credit losses for loans to non-performing loans 177.19  % 163.43  % 350.17  % 335.22  % 292.72  %

Non-performing loans to total loans 1.08  1.16  0.54  0.56  0.63

Non-performing assets to total assets 0.93  0.97  0.55  0.56  0.60

(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

June 30, 2026 March 31, 2026

(Dollars in thousands) Average

Balance Income/

Expense Yield/

Rate Average

Balance Income/

Expense Yield/

Rate

ASSETS

Earning assets

Interest-bearing balances due from banks $ 555,186  $ 5,135  3.71  % $ 557,451  $ 4,945  3.60  %

Federal funds sold 4,042  37  3.67  5,282  48  3.69

Investment securities - taxable 2,936,008  25,787  3.52  2,935,901  24,728  3.42

Investment securities - non-taxable - FTE 1,165,876  10,260  3.53  1,175,663  10,285  3.55

Loans receivable - FTE 17,083,743  298,270  7.00  15,680,598  273,678  7.08

Total interest-earning assets 21,744,855  339,489  6.26  20,354,895  313,684  6.25

Non-earning assets 2,780,403  2,599,546

Total assets $ 24,525,258  $ 22,954,441

LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities

Interest-bearing liabilities

Savings and interest-bearing transaction accounts $ 12,392,404  $ 68,650  2.22  % $ 11,868,976  $ 64,408  2.20  %

Time deposits 2,301,685  18,782  3.27  1,795,501  14,737  3.33

Total interest-bearing deposits 14,694,089  87,432  2.39  13,664,477  79,145  2.35

Federal funds purchased 30  —  —  —  —  —

Securities sold under agreement to

repurchase

167,885  1,057  2.53  151,877  927  2.48

FHLB and other borrowed funds 466,734  4,346  3.73  500,250  4,692  3.80

Subordinated debentures 279,519  2,358  3.38  279,350  2,355  3.42

Total interest-bearing liabilities 15,608,257  95,193  2.45  14,595,954  87,119  2.42

Non-interest bearing liabilities

Non-interest bearing deposits 4,222,813  3,856,492

Other liabilities 158,476  177,275

Total liabilities 19,989,546  18,629,721

Shareholders' equity 4,535,712  4,324,720

Total liabilities and shareholders' equity $ 24,525,258  $ 22,954,441

Net interest spread 3.81  % 3.83  %

Net interest income and margin - FTE $ 244,296  4.51  $ 226,565  4.51

Home BancShares, Inc.

Consolidated Net Interest Margin

(Unaudited)

Six Months Ended

June 30, 2026 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 $ 556,312  $ 10,080  3.65  % $ 713,455  $ 15,571  4.40  %

Federal funds sold 4,658  85  3.68  4,984  108  4.37

Investment securities - taxable 2,935,955  50,515  3.47  3,137,296  53,877  3.46

Investment securities - non-taxable - FTE 1,170,742  20,545  3.54  1,124,351  20,094  3.60

Loans receivable - FTE 16,386,047  571,948  7.04  14,975,109  547,067  7.37

Total interest-earning assets 21,053,714  653,173  6.26  19,955,195  636,717  6.43

Non-earning assets 2,702,912  2,718,779

Total assets $ 23,756,626  $ 22,673,974

LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities

Interest-bearing liabilities

Savings and interest-bearing transaction accounts $ 12,132,136  $ 133,059  2.21  % $ 11,472,548  $ 140,713  2.47  %

Time deposits 2,049,991  33,518  3.30  1,844,059  34,562  3.78

Total interest-bearing deposits 14,182,127  166,577  2.37  13,316,607  175,275  2.65

Federal funds purchased 15  —  —  23  —  —

Securities sold under agreement to

repurchase

159,925  1,984  2.50  149,773  2,086  2.81

FHLB and other borrowed funds 483,399  9,038  3.77  583,739  11,441  3.95

Subordinated debentures 279,435  4,713  3.40  439,100  8,247  3.79

Total interest-bearing liabilities 15,104,901  182,312  2.43  14,489,242  197,049  2.74

Non-interest bearing liabilities

Non-interest bearing deposits 4,040,665  3,981,425

Other liabilities 167,823  196,232

Total liabilities 19,313,389  18,666,899

Shareholders' equity 4,443,237  4,007,075

Total liabilities and shareholders' equity $ 23,756,626  $ 22,673,974

Net interest spread 3.83  % 3.69  %

Net interest income and margin - FTE $ 470,861  4.51  $ 439,668  4.44

Home BancShares, Inc.

Non-GAAP Reconciliations

(Unaudited)

Quarter Ended Six Months Ended

(Dollars and shares in thousands,

except per share data) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025

NET INCOME (EARNINGS), AS ADJUSTED

GAAP net income available to common shareholders (A) $ 119,327 $ 118,209 $ 118,225 $ 123,604 $ 118,403 $ 237,536 $ 233,612

Pre-tax adjustments

Merger and acquisition expense 12,726 394 580 — — 13,120 —

Gain on retirement of subordinated debt — — — (1,882) — — —

FDIC special assessment credit — (1,697) — — (1,516) (1,697) (1,516)

BOLI death benefits (274) — — (187) (1,243) (274) (1,243)

Gain on sale of premises and equipment — — — — (983) — (983)

Fair value adjustment for marketable securities (817) 1,248 (1,173) (1,020) 238 431 (204)

Special income from equity investment — — — — (3,498) — (7,389)

Legal fee reimbursement — — — — (885) — (885)

Legal claims expense — — — — 3,300 — 3,300

Recoveries on historic losses — — — (2,040) — — —

Total pre-tax adjustments 11,635 (55) (593) (5,129) (4,587) 11,580 (8,920)

Tax-effect of adjustments 2,901 (13) (231) (1,207) (817) 2,888 (1,876)

Total adjustments after-tax (B) 8,734 (42) (362) (3,922) (3,770) 8,692 (7,044)

Net income, as adjusted (C) $ 128,061 $ 118,167 $ 117,863 $ 119,682 $ 114,633 $ 246,228 $ 226,568

Average diluted shares outstanding (D) 201,420 196,733 196,764 197,288 197,765 199,088 198,289

GAAP diluted earnings per share: (A/D) $ 0.59 $ 0.60 $ 0.60 $ 0.63 $ 0.60 $ 1.19 $ 1.18

Adjustments after-tax: (B/D) 0.05 — — (0.02) (0.02) 0.05 (0.04)

Diluted earnings per common share, as adjusted: (C/D) $ 0.64 $ 0.60 $ 0.60 $ 0.61 $ 0.58 $ 1.24 $ 1.14

ANNUALIZED RETURN ON AVERAGE ASSETS

Return on average assets: (A/E) 1.95  % 2.09  % 2.06  % 2.17  % 2.08  % 2.02  % 2.08  %

Return on average assets, as adjusted: (ROA, as adjusted) ((A+D)/E) 2.09  2.09  2.05  2.10  2.02  2.09  2.02

Return on average assets excluding intangible amortization: ((A+C)/(E-F)) 2.12  2.25  2.22  2.34  2.25  2.18  2.25

Return on average assets, as adjusted, excluding intangible amortization: ((A+C+D)/(E-F)) 2.27  2.25  2.22  2.27  2.18  2.26  2.18

GAAP net income available to common shareholders (A) $ 119,327 $ 118,209 $ 118,225 $ 123,604 $ 118,403 $ 237,536 $ 233,612

Amortization of intangibles (B) 2,889 1,938 1,938 2,024 2,025 4,827 4,072

Amortization of intangibles after-tax (C) 2,185 1,466 1,466 1,529 1,530 3,651 3,077

Adjustments after-tax (D) 8,734 (42) (362) (3,922) (3,770) 8,692 (7,044)

Average assets (E) 24,525,258 22,954,441 22,786,852 22,638,938 22,797,738 23,756,626 22,673,974

Average goodwill & core deposit intangible (F) 1,481,989 1,429,527 1,431,479 1,433,474 1,435,480 1,455,903 1,436,492

Home BancShares, Inc.

Non-GAAP Reconciliations

(Unaudited)

Quarter Ended Six Months Ended

(Dollars in thousands) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025

ANNUALIZED RETURN ON AVERAGE COMMON EQUITY

Return on average common equity: (A/D) 10.55  % 11.09  % 11.04  % 11.91  % 11.77  % 10.78  % 11.76  %

Return on average common equity, as adjusted: (ROE, as adjusted) ((A+C)/D) 11.32  11.08  11.01  11.54  11.39  11.18  11.40

Return on average tangible common equity:

(ROTCE) (A/(D-E)) 15.67  16.56  16.65  18.28  18.26  16.03  18.33

Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) ((A+C)/(D-E)) 16.82  16.55  16.60  17.70  17.68  16.62  17.77

Return on average tangible common equity excluding intangible amortization: (B/(D-E)) 15.96  16.76  16.85  18.51  18.50  16.28  18.57

Return on average tangible common equity, as adjusted, excluding intangible amortization: ((B+C)/(D-E)) 17.11  16.76  16.80  17.93  17.92  16.87  18.02

GAAP net income available to common shareholders (A) $ 119,327 $ 118,209 $ 118,225 $ 123,604 $ 118,403 $ 237,536 $ 233,612

Earnings excluding intangible amortization (B) 121,512 119,675 119,691 125,133 119,933 241,187 236,689

Adjustments after-tax (C) 8,734 (42) (362) (3,922) (3,770) 8,692 (7,044)

Average common equity (D) 4,535,712 4,324,720 4,248,856 4,115,884 4,036,155 4,443,237 4,007,075

Average goodwill & core deposits intangible (E) 1,481,989 1,429,527 1,431,479 1,433,474 1,435,480 1,455,903 1,436,492

EFFICIENCY RATIO & P5NR

Efficiency ratio: ((D-G)/(B+C+E)) 44.54  % 41.59  % 39.54  % 40.21  % 41.68  % 43.14  % 41.94  %

Efficiency ratio, as adjusted: ((D-G-I)/(B+C+E-H)) 40.46  41.99  39.53  40.95  42.01  41.19  42.42

Pre-tax net income to total revenue (net) (A/(B+C)) 52.32  57.08  54.35  57.38  56.08  54.58  56.32

Pre-tax net income, as adjusted, to total revenue (net) ((A+F)/(B+C)) 56.27  57.06  54.14  55.53  54.39  56.64  54.64

Pre-tax, pre-provision, net income (PPNR) (B+C-D) $ 159,603 $ 152,732 $ 167,723 $ 162,833 $ 154,991 $ 312,335 $ 302,145

Pre-tax, pre-provision, net income, as adjusted (B+C-D+F) 171,238 152,677 167,130 157,704 150,404 323,915 293,225

P5NR ((Pre-tax, pre-provision, profit percentage) PPNR to total revenue (net)) (B+C-D)/(B+C)

54.08  % 57.27  % 59.46  % 58.64  % 57.19  % 55.60  % 56.89  %

P5NR, as adjusted (B+C-D+F)/(B+C)

58.03  57.25  59.25  56.80  55.49  57.66  55.21

Pre-tax net income (A) $ 154,403 $ 152,232 $ 153,323 $ 159,327 $ 151,991 $ 306,635 $ 299,145

Net interest income (B) 241,643 223,904 231,586 226,166 219,952 465,547 434,608

Non-interest income (C) 53,454 42,803 50,500 51,505 51,079 96,257 96,505

Non-interest expense (D) 135,494 113,975 114,363 114,838 116,040 249,469 228,968

Fully taxable equivalent adjustment (E) 2,653 2,661 2,252 2,916 2,526 5,314 5,060

Total pre-tax adjustments (F) 11,635 (55) (593) (5,129) (4,587) 11,580 (8,920)

Amortization of intangibles (G) 2,889 1,938 1,938 2,024 2,025 4,827 4,072

Adjustments:

Non-interest income:

Gain on retirement of subordinated debt $ — $ — $ — $ 1,882 $ — $ — $ —

Fair value adjustment for marketable securities 817 (1,248) 1,173 1,020 (238) (431) 204

Gain (loss) on OREO 332 707 203 (1) 13 1,039 (363)

Gain (loss) on branches, equipment and other assets, net 3 (7) 11 (66) 972 (4) 809

Special income from equity investment — — — — 3,498 — 7,389

Legal expense reimbursement — — — — 885 — 885

BOLI death benefits 274 — — 187 1,243 274 1,243

Recoveries on historic losses — — — 2,040 — — —

Total non-interest income adjustments (H) $ 1,426 $ (548) $ 1,387 $ 5,062 $ 6,373 $ 878 $ 10,167

Non-interest expense:

FDIC special assessment credit — (1,697) — — (1,516) (1,697) (1,516)

Merger and acquisition expenses 12,726 394 580 — — 13,120 —

Legal claims expense — — — — 3,300 — 3,300

Total non-interest expense adjustments (I) $ 12,726 $ (1,303) $ 580 $ — $ 1,784 $ 11,423 $ 1,784

Home BancShares, Inc.

Non-GAAP Reconciliations

(Unaudited)

Quarter Ended

Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025

TANGIBLE BOOK VALUE PER COMMON SHARE

Book value per common share: (A/B) $ 22.68 $ 22.15 $ 21.88 $ 21.41 $ 20.71

Tangible book value per common share: ((A-C-D)/B) 15.32 14.87 14.60 14.13 13.44

Total shareholders' equity (A) $ 4,547,435 $ 4,349,585 $ 4,296,871 $ 4,214,964 $ 4,085,316

End of period common shares outstanding (B) 200,460 196,394 196,357 196,889 197,239

Goodwill (C) 1,410,211 1,398,253 1,398,253 1,398,253 1,398,253

Core deposit and other intangibles (D) 65,541 30,355 32,293 34,231 36,255

TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS

Equity to assets: (B/A) 18.40  % 18.75  % 18.78  % 18.56  % 17.83  %

Tangible common equity to tangible assets: ((B-C-D)/(A-C-D)) 13.22  13.42  13.36  13.08  12.35

Total assets (A) $ 24,713,248 $ 23,201,679 $ 22,881,879 $ 22,707,802 $ 22,907,022

Total shareholders' equity (B) 4,547,435 4,349,585 4,296,871 4,214,964 4,085,316

Goodwill (C) 1,410,211 1,398,253 1,398,253 1,398,253 1,398,253

Core deposit and other intangibles (D) 65,541 30,355 32,293 34,231 36,255

Home BancShares, Inc.

Shareholder Buyback Yield

(Unaudited)

Quarter Ended Six Months Ended

(Dollars and shares in thousands) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025

SHAREHOLDER BUYBACK YIELD

Shareholder buyback yield: (A/B) 0.77  % 0.25  % 0.27  % 0.18  % 0.49  % 1.00  % 1.02  %

Shares repurchased 1,500 508 541 350 1,000 2,008 2,000

Average price per share

$ 26.94 $ 27.32 $ 27.26 $ 28.34 $ 26.99 $ 27.04 $ 28.33

Principal cost

40,415 13,877 14,747 9,918 26,989 54,292 56,657

Excise tax 386 1 141 93 459 387 576

Total share repurchase cost (A) $ 40,801 $ 13,878 $ 14,888 $ 10,011 $ 27,448 $ 54,679 $ 57,233

Shares outstanding beginning of period 196,394 196,357 196,889 197,239 198,206 196,357 198,882

Price per share beginning of period $ 26.93 $ 27.78 $ 28.30 $ 28.46 $ 28.27 $ 27.78 $ 28.30

Market capitalization beginning of period (B)

$ 5,288,890 $ 5,454,797 $ 5,571,959 $ 5,613,422 $ 5,603,284 $ 5,454,797 $ 5,628,361

EX-99.2

EX-99.2

Filename: q22026presentationforweb.htm · Sequence: 3

q22026presentationforweb

NYSE: HOMB | 2nd Quarter Earnings Call www.homebancshares.com

NON-GAAP FINANCIAL MEASURES This presentation contains financial information determined by methods other than in accordance with generally accepted accounting principles (GAAP). The management of Home BancShares, Inc. (the “Company”) uses these non-GAAP financial measures--including net income (earnings), as adjusted; pre- tax, pre-provision, net income (PPNR); PPNR, as adjusted; return on average assets, as adjusted; efficiency ratio, as adjusted; and tangible book value per share--to provide meaningful supplemental information regarding our performance. These measures typically adjust GAAP performance measures to include the tax benefit associated with revenue items that are tax-exempt, as well as adjust income available to common shareholders for certain significant items or transactions that management believes are not indicative of the Company’s primary business operating results. Since the presentation of these GAAP performance measures and their impact differ between companies, management believes presentations of these non- GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company’s business. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables accompanying the Company’s earnings press release for the quarter ended June 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx. 2

NET INCOME 3 Net income totaled $119.3 million for the second quarter of 2026, compared to $118.4 million for the second quarter of 2025. The Company completed its acquisition of Mountain Commerce Bancorp, Inc. (“Mountain Commerce”) during the quarter and recognized $12.7 million in merger-related expenses. Net income, as adjusted (non-GAAP)(1), which excludes merger expenses and certain other items, reached a Company-record $128.1 million, an increase of 8.4% from $118.2 million in the prior quarter. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended June 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.

PRE-TAX, PRE-PROVISION NET INCOME 4 Pre-tax, pre-provision net revenue (PPNR) (non-GAAP)(1) totaled $159.6 million for the second quarter of 2026, compared to $152.7 million in the first quarter of 2026. The Company completed its acquisition of Mountain Commerce during the quarter and incurred $12.7 million in merger-related expenses. Excluding merger expenses and certain other non-fundamental adjustments, PPNR, as adjusted (Non-GAAP)(1) increased to a Company-record $171.2 million, compared to $152.7 million in the prior quarter, reflecting revenue growth, including the impact of the Mountain Commerce acquisition, and continued operating performance. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended June 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.

NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE 5 Net interest income after credit loss expense totaled $236.4 million for the second quarter of 2026, compared to $223.4 million in the first quarter of 2026, an increase of 5.8%. The increase was driven by continued growth in earning assets, including the impact of the Mountain Commerce acquisition completed during the quarter, as well as favorable net interest margin performance.

NON-INTEREST INCOME 6 Non-interest income totaled $53.5 million for the second quarter of 2026, compared to $42.8 million in the first quarter of 2026, an increase of 24.9%. The increase was primarily driven by higher other service charges and fees, a favorable fair value adjustment on marketable securities, and growth in other income, with additional contributions from the completed acquisition of Mountain Commerce.

TOTAL REVENUE (NET) 7 Total revenue (net) reached a Company-record $295.1 million for the second quarter of 2026, increasing 10.6% from $266.7 million in the prior quarter. The increase was driven by strong growth in net interest income, including the contribution from the Mountain Commerce acquisition completed during the quarter.

EXPENSES 8 Total expenses increased during the second quarter of 2026, reflecting the completed acquisition of Mountain Commerce. Interest expense increased to $95.2 million from $87.1 million in the prior quarter, primarily due to higher interest on deposits resulting from a $921.3 million increase in interest- bearing deposits. Non-interest expense increased to $135.5 million from $114.0 million in the first quarter of 2026, driven primarily by $12.7 million of merger-related expenses incurred during the quarter.

EFFICIENCY RATIO 9 The efficiency ratio was 44.54% for the second quarter of 2026, compared to 41.59% in the prior quarter, primarily reflecting $12.7 million of merger-related expenses associated with the completed acquisition of Mountain Commerce. Excluding merger-related expenses and certain other non-GAAP adjustments, the efficiency ratio, as adjusted, (non-GAAP)(1) improved to 40.46%, highlighting continued operating discipline while integrating the acquisition. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended June 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.

RETURN ON AVERAGE ASSETS 10 Return on average assets (ROA) was 1.95% for the second quarter of 2026, compared to 2.09% in the prior quarter. The decline was primarily attributable to $12.7 million of merger-related expenses associated with the completed acquisition of Mountain Commerce. Excluding merger-related expenses and certain other non-GAAP adjustments, ROA, as adjusted, (non-GAAP)(1) remained strong at 2.09%, reflecting the Company's continued earnings strength and operating performance. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended June 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.

NET INTEREST MARGIN 11 The tables below present additional key financial metrics over the past five quarters, including net interest margin (NIM), yield on interest-earning assets, rate on interest-bearing liabilities, and net interest spread. These metrics are fundamental indicators of the Company’s profitability and operational efficiency.

BOOK VALUE PER SHARE 12 Book value per share increased to $22.68 at June 30, 2026, from $22.15 at March 31, 2026, while tangible book value per share (non-GAAP)(1) increased to $15.32 from $14.87. The linked-quarter growth reflects strong earnings generation and the successful completion of the Mountain Commerce acquisition, which contributed to continued growth in shareholder value despite the impact of merger- related expenses incurred during the quarter. (1) Calculation of this metric and the reconciliation to GAAP can be found in the tables accompanying the Company’s earnings press release for the quarter ended June 30, 2026, available at https://www.homebancshares.com/news-events/news/default.aspx.

CONTACT INFORMATION 13 Corporate Headquarters Home BancShares, Inc. 719 Harkrider Street, Suite 100 P.O. Box 966 Conway, AR 72033 Financial Information Donna Townsell Director of Investor Relations (501) 328-4625 Website www.homebancshares.com

NYSE: HOMB | 2nd Quarter Earnings Call www.homebancshares.com

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Feb. 24, 2022

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Entity File Number

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Entity Tax Identification Number

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Entity Address, Address Line One

719 Harkrider

Entity Address, Address Line Two

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Entity Address, State or Province

AR

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City Area Code

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Local Phone Number

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na

Period Type:

duration

X

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

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Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

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Data Type:

dei:fileNumberItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

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Data Type:

dei:edgarStateCountryItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

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Data Type:

xbrli:normalizedStringItemType

Balance Type:

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Period Type:

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

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X

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

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Period Type:

duration

X

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

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Data Type:

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