Core Insights - Home BancShares, Inc. achieved record quarterly earnings of $100.6 million and annual earnings of $400 million, marking a significant milestone for the company [1][3][5]. Financial Performance - The company reported total revenue of $258.4 million for Q4 2024, an increase from $258.0 million in Q3 2024 [2]. - Net income for Q4 2024 was $100.6 million, or $0.51 diluted earnings per share, compared to $100.0 million in Q3 2024 [2][5]. - The adjusted net income for Q4 2024 was $99.8 million, or $0.50 per share [5]. - The pre-tax, pre-provision net income (PPNR) for Q4 2024 was $146.2 million, slightly down from $148.0 million in Q3 2024 [2]. Asset Quality and Credit Losses - The company recorded an additional $16.7 million in credit loss expense due to Hurricanes Helene and Milton, bringing the total hurricane reserve to $33.4 million [6]. - Non-performing loans to total loans were 0.67% as of December 31, 2024, compared to 0.68% at September 30, 2024 [16]. - The allowance for credit losses on loans was $275.9 million, or 1.87% of total loans, down from 2.11% at September 30, 2024 [20]. Capital and Liquidity - Stockholders' equity increased to $3.96 billion at December 31, 2024, primarily due to a $61.8 million increase in retained earnings [20]. - The company paid off a $700 million advance from the Federal Reserve's Bank Term Funding Program, which improved the net interest margin by six basis points [8]. Operational Highlights - The net interest margin for Q4 2024 was 4.39%, up from 4.28% in Q3 2024 [7]. - Total loans receivable were $14.76 billion at December 31, 2024, a slight decrease from $14.82 billion at September 30, 2024 [14]. - Total deposits increased to $17.15 billion at December 31, 2024, compared to $16.71 billion at September 30, 2024 [14]. Non-Interest Income and Expenses - Non-interest income for Q4 2024 was $41.2 million, with significant contributions from service charges and fees [11]. - Non-interest expenses totaled $112.2 million, with salaries and employee benefits being the largest component at $60.8 million [12].

Core Viewpoint - Home BancShares, Inc. reported strong financial performance for Q4 2024, achieving record revenues of $1 billion and earnings of $400 million for the year, while successfully completing a cleanup of legacy loans and improving asset quality for 2025 [1][3]. Financial Performance - Net income for Q4 2024 was $100.6 million, or $0.51 diluted earnings per share, with adjusted net income of $99.8 million and $0.50 per share [4]. - Total revenue for Q4 2024 was $258.4 million, compared to $254.6 million in Q2 2024 and $246.4 million in Q1 2024 [2]. - The company recorded a net interest margin of 4.39% for Q4 2024, up from 4.28% in Q3 2024, with average loans increasing from $14.76 billion to $14.80 billion [6]. Asset Quality and Provisions - The company set aside an additional $16.7 million in credit loss expense due to Hurricanes Helene and Milton, bringing the total hurricane reserve to $33.4 million [5]. - Non-performing loans to total loans were 0.67% as of December 31, 2024, compared to 0.68% at September 30, 2024 [15]. Capital and Equity - Stockholders' equity increased to $3.96 billion at December 31, 2024, primarily due to a $61.8 million increase in retained earnings [18]. - The common equity tier 1 capital ratio was 14.7% as of December 31, 2024, compared to 14.4% at September 30, 2024 [2]. Operational Highlights - The company paid off a $700 million advance from the Federal Reserve's Bank Term Funding Program, which improved the net interest margin by six basis points [7]. - Non-interest income for Q4 2024 was $41.2 million, with significant contributions from service charges and fees [10]. Loan and Deposit Trends - Total loans receivable were $14.76 billion at December 31, 2024, down from $14.82 billion at September 30, 2024, while total deposits increased to $17.15 billion [13]. - The company experienced $121.1 million in organic loan growth in its community banking footprint during Q4 2024 [14].

EXHIBIT 99.1 For Immediate Release: January 15, 2025 | | Quarterly Highlights | | | | | | --- | --- | --- | --- | --- | --- | | Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | | Net income | $100.6 million | $100.0 million | $101.5 million | $100.1 million | $86.2 million | | (1) Net income, as adjusted (non-GAAP) | $99.8 million | $99.0 million | $103.9 million | $99.2 million | $92.2 million | | Total revenue (net) | $258.4 million | $258.0 million | $254.6 million | $246.4 million | $245.6 mil ...

CONWAY, Ark., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) (“Home” or the “Company”), parent company of Centennial Bank, released quarterly earnings today. Quarterly HighlightsMetricQ4 2024Q3 2024Q2 2024Q1 2024Q4 2023Net income$100.6 million$100.0 million<td colspan="1" style="border-top: solid black 1pt ; bor ...

CONWAY, Ark., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE:HOMB) ("Home" or the "Company"), parent company of Centennial Bank, released quarterly earnings today.       Quarterly HighlightsMetricQ4 2024Q3 2024Q2 2024Q1 2024Q4 2023Net income$100.6 million$100.0 million$101.5 million$100.1 million$86.2 millionNet income, as adjusted (non-GAAP)(1)$99.8 million$99.0 million$103.9 million$99.2 million$92.2 millionTotal revenue (net)$258.4 million$258.0 million$254.6 million$246.4 million$245.6 mi ...

Analysts on Wall Street project that Home BancShares (HOMB) will announce quarterly earnings of $0.52 per share in its forthcoming report, representing an increase of 8.3% year over year. Revenues are projected to reach $254.6 million, increasing 3.7% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a comp ...

CONWAY, Ark., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB), parent company of Centennial Bank, today announced it expects to release Fourth Quarter 2024 earnings after the market closes on January 15, 2025. Following this release, management will conduct a conference call to review these earnings at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, January 16, 2025. We strongly encourage all participants to pre-register for the conference call webcast or the live call using one of the followi ...

CONWAY, Ark., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) ("Home" or "the Company"), and its wholly-owned subsidiary, Centennial Bank ("Centennial"), announced that it would participate in a Fireside Chat during the Stephens Annual Investment Conference being held November 19, 2024. The Company will present at 1:00 p.m. CT (2:00 p.m. ET), on Tuesday, November 19, 2024. The Fireside Chat can be accessed live using the following link: https://wsw.com/webcast/stph35/homb/1819690. A rep ...

CONWAY, Ark., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) ("Home" or "the Company"), and its wholly-owned subsidiary, Centennial Bank ("Centennial"), announced that it would participate in a Fireside Chat during the Stephens Annual Investment Conference being held November 19, 2024. The Company will present at 1:00 p.m. CT (12:00 p.m. ET), on Tuesday, November 19, 2024. The Fireside Chat can be accessed live using the following link: https://wsw.com/webcast/stph35/homb/1819690. A re ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition period from ______ to ______ Commission File Number: 001-41093 HOME BANCSHARES, INC. (Exact Name of Registrant as Specified in Its Charter) Arkansas 7 ...