Regulation FD Presentation, Business/Financial Results (Form 8-K)

For Immediate Release:			October 14, 2026

Home BancShares Reports Record Third Quarter Net Income, Bringing the Company Closer

to a Half-Billion-Dollar Year

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

Quarterly Highlights

Metric			Q3 2026			Q2 2026			Q1 2026			Q4 2025			Q3 2025
Net income			$129.5 million			$119.3 million			$118.2 million			$118.2 million			$123.6 million
Net income, as adjusted (non-GAAP)(1)			$129.1 million			$128.1 million			$118.2 million			$117.9 million			$119.7 million
Total revenue (net)			$288.4 million			$295.1 million			$266.7 million			$282.1 million			$277.7 million
Income before income taxes			$166.9 million			$154.4 million			$152.2 million			$153.3 million			$159.3 million
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)			$166.9 million			$159.6 million			$152.7 million			$167.7 million			$162.8 million
PPNR, as adjusted (non-GAAP)(1)			$166.6 million			$171.2 million			$152.7 million			$167.1 million			$157.7 million
Pre-tax net income to total revenue (net)			57.87%			52.32%			57.08%			54.35%			57.38%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)			57.75%			56.27%			57.06%			54.14%			55.53%
P5NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)			57.87%			54.08%			57.27%			59.46%			58.64%
P5NR, as adjusted (non-GAAP)(1)			57.75%			58.03%			57.25%			59.25%			56.80%
ROA			2.12%			1.95%			2.09%			2.06%			2.17%
ROA, as adjusted (non-GAAP)(1)			2.11%			2.09%			2.09%			2.05%			2.10%
NIM			4.53%			4.51%			4.51%			4.61%			4.56%
Purchase accounting accretion			$2.9 million			$3.6 million			$1.1 million			$1.3 million			$1.3 million
ROE			11.24%			10.55%			11.09%			11.04%			11.91%
ROE, as adjusted (non-GAAP)(1)			11.20%			11.32%			11.08%			11.01%			11.54%
ROTCE (non-GAAP)(1)			16.59%			15.67%			16.56%			16.65%			18.28%
ROTCE, as adjusted (non-GAAP)(1)			16.54%			16.82%			16.55%			16.60%			17.70%
Diluted earnings per share			$0.65			$0.59			$0.60			$0.60			$0.63
Diluted earnings per share, as adjusted (non-GAAP)(1)			$0.65			$0.64			$0.60			$0.60			$0.61
Non-performing assets to total assets			1.02%			0.93%			0.97%			0.55%			0.56%
Common equity tier 1 capital			16.7%			16.3%			16.7%			16.3%			16.1%
Leverage			14.3%			13.9%			14.3%			14.1%			13.8%
Tier 1 capital			16.7%			16.3%			16.7%			16.3%			16.1%
Total risk-based capital			19.4%			19.0%			19.5%			19.1%			18.9%
Allowance for credit losses to total loans			1.93%			1.92%			1.90%			1.90%			1.87%
Book value per share			$22.74			$22.68			$22.15			$21.88			$21.41
Tangible book value per share (non-GAAP)(1)			$15.35			$15.32			$14.87			$14.60			$14.13
Dividends per share			$0.23			$0.21			$0.21			$0.21			$0.20
Shareholder buyback yield(2)			0.69%			0.77%			0.25%			0.27%			0.18%

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

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

"In banking some play the growth game. At HOMB, we focus on stability. Strength is no accident, it's our culture, and for that I am proud. Our team delivered a very solid and safe third quarter," said John Allison, Chairman.

Quarterly Financial Performance Trends
Net income reached a Company-record $129.5 million for the third quarter of 2026, compared to $119.3 million for the second quarter of 2026 and $123.6 million for the third quarter of 2025. Net income, as adjusted (non-GAAP)(1), also reached a Company-record of $129.1 million, increasing 0.8% from $128.1 million in the prior quarter and 7.9% from $119.7 million in the third quarter of 2025.						PPNR (non-GAAP)(1) totaled $166.9 million for the third quarter of 2026, compared to $159.6 million in the prior quarter and $162.8 million in the third quarter of 2025. PPNR, as adjusted (non-GAAP)(1) totaled $166.6 million, compared to $171.2 million in the prior quarter and $157.7 million in the third quarter of 2025, reflecting the continued strength and resilience of the Company's earnings performance.
Dollar amounts presented below in thousands.
Net interest income after credit loss expense totaled $242.0 million for the third quarter of 2026, compared to $236.4 million in the prior quarter and $222.7 million for the third quarter of 2025. The increase from both the linked quarter and prior-year period was driven by strong net interest income generation and a reduction in credit loss expense.						Non-interest income totaled $46.4 million for the third quarter of 2026, compared to $53.5 million in the second quarter of 2026 and $51.5 million in the third quarter of 2025. Results for the quarter reflect the normal variability of fee-based revenue categories while continuing to contribute to the Company's overall earnings performance.

Total revenue (net) totaled $288.4 million for the third quarter of 2026, compared to $295.1 million in the prior quarter and $277.7 million in the third quarter of 2025. While revenue declined modestly from the linked quarter, results remained strong and increased from the third quarter of 2025, reflecting continued strength in net interest income and the Company's banking operations.						Non-interest expense totaled $121.5 million for the third quarter of 2026, compared to $135.5 million in the prior quarter and $114.8 million in the third quarter of 2025. The linked-quarter decrease was primarily driven by the absence of acquisition-related expenses incurred during the second quarter, while the increase from the prior-year quarter reflects the impact of franchise growth and continued investment in the Company's operations. Interest expense decreased from both the prior quarter and prior-year period, reflecting continued improvement in the Company's funding costs.
The efficiency ratio was 40.78% for the third quarter of 2026, compared to 44.54% in the prior quarter and 40.21% in the third quarter of 2025. The efficiency ratio, as adjusted (non-GAAP)(1), was 40.84%, compared to 40.46% in the prior quarter and 40.95% in the third quarter of 2025. The improvement in the reported efficiency ratio from the linked quarter primarily reflects the absence of acquisition-related expenses recognized during the second quarter. On an adjusted basis, the efficiency ratio remained relatively stable compared to the prior quarter and improved modestly from the prior-year period, reflecting continued operating discipline.						Return on average assets (ROA) was 2.12% for the third quarter of 2026, compared to 1.95% in the prior quarter and 2.17% in the third quarter of 2025. ROA, as adjusted (non-GAAP)(1), was 2.11%, compared to 2.09% in the prior quarter and 2.10% in the third quarter of 2025. The linked-quarter improvement in both reported and adjusted ROA reflects strong earnings performance and the absence of acquisition-related expenses recognized during the second quarter, while adjusted ROA improved from the prior-year quarter, demonstrating the Company's continued ability to generate strong returns on its asset base.

The tables below present additional key financial metrics over the past five quarters, including net interest margin (NIM), yield on interest-earning assets, rate on interest-bearing liabilities, and net interest spread. These metrics are fundamental indicators of the Company's profitability and operational efficiency.
Book value per share increased to $22.74 at September 30, 2026, compared to $22.68 at June 30, 2026 and $21.41 at September 30, 2025. Tangible book value per share (non-GAAP)(1) increased to $15.35 from $15.32 in the prior quarter and $14.13 in the prior-year period. The continued growth in both book value per share and tangible book value per share reflects the Company's strong earnings generation during the past year and disciplined capital management.

Operating Highlights

Net income for the three-month period ended September 30, 2026 was $129.5 million, or $0.65 diluted earnings per share, both of which were records for the Company. When adjusting for non-fundamental items, net income and diluted earnings per share on an as-adjusted basis (non-GAAP), were $129.1 million(1) and $0.65 per share(1), respectively, for the three months ended September 30, 2026.

Our net interest margin was 4.53% and 4.51% for the three-month periods ended September 30, 2026 and June 30, 2026, respectively. The yield on loans was 6.95% and 7.00% for the three months ended September 30, 2026 and June 30, 2026, respectively, as average loans decreased from $17.08 billion to $17.06 billion. The rate on interest bearing deposits decreased to 2.37% for the three-month period ended September 30, 2026, from 2.39% for the three-month period ended June 30, 2026, and average interest-bearing deposits decreased from $14.69 billion to $14.43 billion.

During the third quarter of 2026, there was $1.5 million of event interest income compared to $1.7 million of event interest income for the second quarter of 2026. Purchase accounting accretion on acquired loans was $2.9 million and $3.6 million for the three-month periods ended September 30, 2026 and June 30, 2026, respectively, and average purchase accounting loan discounts were $39.4 million and $42.0 million for the three-month periods ended September 30, 2026 and June 30, 2026, respectively. The decrease in accretion was dilutive to the net interest margin by one basis point.

Net interest income on a fully taxable equivalent basis was $244.5 million for the three-month period ended September 30, 2026, compared to $244.3 million for the three-month period ended June 30, 2026. This increase in net interest income for the three-month period ended September 30, 2026, was the result of a $2.3 million decrease in interest expense, which was partially offset by a $2.1 million decrease in interest income. The $2.3 million decrease in interest expense was due to a $1.2 million decrease in interest expense on deposits and a $1.1 million decrease in interest expense on FHLB and other borrowed funds. The $2.1 million decrease in interest income was primarily the result of a $1.6 million decrease in income from interest-bearing balances due from banks and a $963,000 decrease in income from investments.

The Company reported $46.4 million of non-interest income for the third quarter of 2026. The most important components of non-interest income were $12.0 million from other service charges and fees, $11.6 million from other income, $10.4 million from service charges on deposit accounts, $4.0 million from trust fees, $3.8 million in mortgage lending income, $2.6 million from dividends from FHLB, FRB, FNBB and other, $1.5 million from the increase in cash value of life insurance, $744,000 in income from the gain on sale of branches, equipment and other assets and $561,000 in insurance commissions, which were partially offset by $916,000 in expense from the fair value adjustment for marketable securities. Included within other income was $528,000 in bank-owned life insurance death benefit income, and included within the $744,000 in income from the gain on sale of branches, equipment and other assets was a $710,000 gain from the sale of a former branch location in Arkansas.

Non-interest expense for the third quarter of 2026 was $121.5 million. The most important components of non-interest expense were $67.6 million of salaries and employee benefits expense, $28.9 million in other operating expense, $15.8 million in occupancy and equipment expenses, and $9.2 million in data processing expenses. For the third quarter of 2026, our efficiency ratio was 40.78%, and our efficiency ratio, as adjusted (non-GAAP), was 40.84%(1).

Financial Condition

Total loans receivable were $16.91 billion at September 30, 2026, compared to $17.13 billion at June 30, 2026. Total deposits were $18.76 billion at September 30, 2026, compared to $19.11 billion at June 30, 2026. Total assets were $24.15 billion at September 30, 2026, compared to $24.71 billion at June 30, 2026.

During the third quarter of 2026, the Company had a $216.6 million decrease in loans. Our community banking footprint experienced $255.7 million in organic loan decline during the quarter ended September 30, 2026, while Centennial CFG experienced $39.1 million of organic loan growth in the third quarter, with $2.08 billion of loans outstanding at September 30, 2026.

Non-performing loans to total loans were 1.19% and 1.08% at September 30, 2026 and June 30, 2026, respectively. Non-performing assets to total assets were 1.02% and 0.93% at September 30, 2026 and June 30, 2026, respectively. Net loans charged-off were $2.1 million and $5.8 million for the three months ended September 30, 2026 and June 30, 2026, respectively. The charge-off detail by region for the quarters ended September 30, 2026 and June 30, 2026 can be seen below.

For the Three Months Ended September 30, 2026
(in thousands)						Texas						Arkansas						Centennial CFG						Shore Premier Finance						Florida						Tennessee						Alabama						Total
Charge-offs						$	848					$	947					$	-					$	679					$	1,165					$	18					$	12					$	3,669
Recoveries						(199)						(228)						-						(6)						(1,085)						-						(2)						(1,520)
Net charge-offs (recoveries)						$	649					$	719					$	-					$	673					$	80					$	18					$	10					$	2,149

For the Three Months Ended June 30, 2026
(in thousands)						Texas						Arkansas						Centennial CFG						Shore Premier Finance						Florida						Tennessee						Alabama						Total
Charge-offs						$	1,708					$	2,605					$	-					$	1,896					$	286					$	11					$	14					$	6,520
Recoveries						(249)						(324)						-						(5)						(142)						-						(2)						(722)
Net charge-offs (recoveries)						$	1,459					$	2,281					$	-					$	1,891					$	144					$	11					$	12					$	5,798

At September 30, 2026, non-performing loans were $200.8 million, and non-performing assets were $245.3 million. At June 30, 2026, non-performing loans were $185.3 million, and non-performing assets were $228.6 million.

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

(in thousands)						Texas						Arkansas						Centennial CFG						Shore Premier Finance						Florida						Tennessee						Alabama						Total
Non-accrual loans						$	126,160					$	18,322					$	14,844					$	9,789					$	22,581					$	4,049					$	44					$	195,789
Loans 90+ days past due						2,129						1,079						-						-						1,810						-						-						5,018
Total non-performing loans						128,289						19,401						14,844						9,789						24,391						4,049						44						200,807
Foreclosed assets held for sale						16,379						2,478						22,812						-						315						1,382						-						43,366
Other non-performing assets						-						-						-						1,140						-						-						-						1,140
Total other non-performing assets						16,379						2,478						22,812						1,140						315						1,382						-						44,506
Total non-performing assets						$	144,668					$	21,879					$	37,656					$	10,929					$	24,706					$	5,431					$	44					$	245,313

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

(in thousands)						Texas						Arkansas						Centennial CFG						Shore Premier Finance						Florida						Tennessee						Alabama						Total
Non-accrual loans						$	123,170					$	19,529					$	-					$	11,886					$	24,235					$	4,335					$	44					$	183,199
Loans 90+ days past due						690						238						-						-						282						916						-						2,126
Total non-performing loans						123,860						19,767						-						11,886						24,517						5,251						44						185,325
Foreclosed assets held for sale						15,647						2,028						22,812						-						260						1,392						-						42,139
Other non-performing assets						-						-						-						1,140						-						-						-						1,140
Total other non-performing assets						15,647						2,028						22,812						1,140						260						1,392						-						43,279
Total non-performing assets						$	139,507					$	21,795					$	22,812					$	13,026					$	24,777					$	6,643					$	44					$	228,604

The Company's allowance for credit losses on loans was $326.2 million, or 1.93% of total loans, at September 30, 2026 compared to $328.4 million, or 1.92% of total loans, at June 30, 2026. As of September 30, 2026 and June 30, 2026, the Company's allowance for credit losses on loans was 162.45% and 177.19% of its total non-performing loans, respectively.

Shareholders' equity was $4.53 billion at September 30, 2026, which decreased approximately $17.7 million from June 30, 2026. The net decrease in shareholders' equity is primarily associated with the $64.9 million decrease in accumulated other comprehensive income, the $39.6 million in stock repurchases for the quarter and the $46.0 million in dividends paid during the quarter, which were partially offset by the $129.5 million in net income for the quarter. Book value per common share was $22.74 at September 30, 2026, compared to $22.68 at June 30, 2026. Tangible book value per common share (non-GAAP) was $15.35(1) at September 30, 2026, compared to $15.32(1) at June 30, 2026. Book value per common share and tangible book value per common share, as of September 30, 2026, were both records for the Company.

Stock Repurchases and Dividends

During the three-month period ended September 30, 2026, the Company repurchased 1.3 million shares of common stock, which equated to a shareholder buyback yield of 0.69%(2). In comparison, during the three-month period ended June 30, 2026, the Company repurchased 1.5 million shares of common stock, which equated to a shareholder buyback yield of 0.77%(2). The Company defines shareholder buyback yield as the percentage of the Company's market capitalization spent on share repurchases. It reflects how much the Company is returning to the shareholders by reducing the number of outstanding shares, and it is calculated by dividing the Company's total share repurchase cost for the period by the Company's total market capitalization at the beginning of the period.

In addition, during the quarter ended September 30, 2026, the Company paid a dividend of $0.23 per share. This cash dividend represented a $0.02, or 9.5%, increase over the $0.21 cash dividend paid during the second quarter of 2026 and a $0.03, or 15.0%, increase over the $0.20 cash dividend paid during the third quarter of 2025.

Branches

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

Conference Call

Management will conduct a conference call to review this information at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, October 15, 2026. We strongly encourage all participants to pre-register for the conference call webcast or the live call using one of the following links. First, participants can pre-register for the conference call webcast using the following link: https://events.q4inc.com/attendee/887189816. Participants who pre-register will be given a unique webcast link to gain immediate access to the conference call webcast. Second, participants can pre-register for the live call using the following link: https://events.q4inc.com/analyst/887189816?pwd=Khijd6H0. Participants who pre-register will be given the phone number and unique access codes to gain immediate access to the live call. Participants may pre-register now, or at any time prior to the call, and will immediately receive simple instructions via email. The Home BancShares conference call will also be scheduled as an event in your Outlook calendar.

Those without internet access or unable to pre-register may dial in and listen to the live call by calling 1-833-461-5787, Passcode: 887189816. A replay of the call will be available using the following link: https://events.q4inc.com/attendee/887189816. Internet access to the call will be available live or in recorded version on the Company's website at www.homebancshares.com.

About Home BancShares

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

Non-GAAP Financial Measures