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 ...

Core Insights - Home BancShares, Inc. reported a strong fourth quarter for 2024, achieving a net income of $100.6 million, marking a significant increase from $86.2 million in Q4 2023, and reaching a total of $400 million in earnings for the year [2][3][5]. Financial Performance - Net income for Q4 2024 was $100.6 million, or $0.51 diluted earnings per share, compared to $100.0 million in Q3 2024 and $86.2 million in Q4 2023 [2][5]. - Total revenue for Q4 2024 was $258.4 million, slightly up from $258.0 million in Q3 2024 and $245.6 million in Q4 2023 [2]. - The company recorded a pre-tax net income to total revenue ratio of 50.11% in Q4 2024, an increase from 45.92% in Q4 2023 [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][7]. - Non-performing loans to total loans were 0.67% as of December 31, 2024, compared to 0.68% at the end of Q3 2024 [17]. Capital and Leverage - Common equity tier 1 capital stood at 15.1% as of December 31, 2024, up from 14.2% in Q4 2023 [2]. - The allowance for credit losses on loans was $275.9 million, or 1.87% of total loans, down from 2.11% in Q3 2024 [19]. Interest Income and Margin - The net interest margin for Q4 2024 was 4.39%, an increase from 4.28% in Q3 2024 [8]. - Net interest income on a fully taxable equivalent basis was $219.5 million for Q4 2024, up from $217.8 million in Q3 2024 [11]. Non-Interest Income and Expenses - Non-interest income for Q4 2024 was $41.2 million, with significant contributions from service charges and fees [12]. - Non-interest expenses totaled $112.2 million, with salaries and employee benefits being the largest component at $60.8 million [13]. Financial Condition - Total loans receivable were $14.76 billion as of December 31, 2024, down from $14.82 billion in Q3 2024 [15]. - Total deposits increased to $17.15 billion at the end of Q4 2024, compared to $16.71 billion in Q3 2024 [15]. Branch Network - The company operates 76 branches in Arkansas, 78 in Florida, 58 in Texas, 5 in Alabama, and one in New York City [23].

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 ...

Earnings of Home Bancshares, Inc. (Conway, AR) (NYSE: HOMB ) will likely continue to grow in upcoming quarters. However, elevated provisioning for expected loan losses in the wake of hurricanes will constrain earnings growth. Overall, I’m expecting the earnings to grow by 2.4% to $1.98Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expre ...

Financial Data and Key Metrics Changes - The company reported total revenue of $258 million for Q3 2024, marking a record for core earnings [6][16] - Return on assets (ROA) was 1.74%, and without the $16.7 million reserve for hurricane-related losses, the annualized income would have been over $450 million, resulting in an ROA of 1.96% [6][10] - The efficiency ratio improved to 41.42%, with non-interest expenses decreasing to $110 million from $113 million in the previous quarter [8][16] - The tangible common equity ratio stood at 11.78%, with a CET1 ratio of 14.65% [19] Business Line Data and Key Metrics Changes - Loan balances increased by $43 million, with significant growth from Community Bank regions, while CCFG experienced a decline of $89.1 million [10][18] - Loan originations totaled $1.13 billion, with an average coupon of 8.96% [19] - Nonperforming loans increased slightly, attributed to a Texas hotel moving to nonperforming status [21][22] Market Data and Key Metrics Changes - Total deposits declined by $250 million, primarily in Florida due to seasonal outflows [18] - Noninterest-bearing deposits accounted for 23.5% of total deposits, with alternative funding sources remaining strong [18] Company Strategy and Development Direction - The company is exploring M&A opportunities, with a focus on finding the right price for potential acquisitions [28] - Management emphasized the importance of maintaining a strong balance sheet to navigate challenges and capitalize on future opportunities [19][23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's performance despite the impact of hurricanes, indicating that the quarter would have been outstanding without these events [10][26] - The company is prepared for potential losses related to hurricane damages, with a reserve of approximately $16.7 million established [25][52] Other Important Information - The company has a history of effectively managing hurricane-related risks and has implemented disaster deferral procedures for affected loans [24][25] - The management team is focused on maintaining strong customer relationships and managing interest rates effectively [17] Q&A Session Summary Question: Thoughts on M&A outlook and regulatory environment - Management is actively looking for M&A opportunities and believes regulatory relief could enhance their ability to pursue acquisitions if the political landscape changes [28] Question: NIM trends and loan/deposit betas - Management expects NIM to remain flat, with potential for slight decreases depending on deposit behavior and liquidity [29][30] Question: Loan growth outlook for 2025 - Management anticipates a continuation of loan growth in the Community Bank footprint, despite some softness in the current quarter [34][35] Question: Operating expenses and cost savings - Management highlighted headcount fluctuations and potential savings from IT contracts as key drivers of reduced operating expenses [43][44] Question: Credit quality and legacy issues - Management indicated that most credit issues are legacy problems, with some resolution expected in the near term [45][47]

Core Insights - Home BancShares reported quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.53 per share, but showing an increase from $0.47 per share a year ago, resulting in an earnings surprise of -5.66% [1] - The company posted revenues of $258 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.75% and increasing from $245.35 million year-over-year [2] - Home BancShares has surpassed consensus EPS estimates three times over the last four quarters and has topped consensus revenue estimates four times in the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.53 on revenues of $256.43 million, while for the current fiscal year, the estimate is $2.07 on revenues of $1.01 billion [7] - The estimate revisions trend for Home BancShares is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Banks - Southeast industry, to which Home BancShares belongs, is currently in the bottom 34% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Home BancShares' stock performance [5]

Core Insights - Home BancShares, Inc. reported a net income of $100.0 million for Q3 2024, with diluted earnings per share of $0.50, despite challenges posed by Hurricane Helene [11][4][3] - The company maintained strong liquidity, with total available liquidity of $8.19 billion as of September 30, 2024, consisting of $2.50 billion in internal liquidity and $3.15 billion in external liquidity [8][5][6] - The allowance for credit losses on loans increased to $312.6 million, or 2.11% of total loans, reflecting proactive measures in response to potential impacts from recent hurricanes [22][12] Financial Performance - Net income for Q3 2024 was $100.0 million, compared to $101.5 million in Q2 2024, while total revenue increased to $258.0 million from $254.6 million in the previous quarter [2][11] - Pre-tax, pre-provision, net income (PPNR) was $148.0 million, up from $141.4 million in Q2 2024, indicating strong operational performance [2][11] - Return on average assets (ROA) was 1.74% for Q3 2024, slightly down from 1.79% in Q2 2024 [2][11] Loan and Deposit Trends - Total loans receivable increased to $14.82 billion as of September 30, 2024, from $14.78 billion in the previous quarter, with a loan growth of approximately $42.5 million during the quarter [18][19] - Total deposits decreased to $16.71 billion from $16.96 billion in Q2 2024, reflecting a strategic focus on managing deposit levels [18][20] Liquidity and Capital Position - The company held $2.50 billion in net available internal liquidity, including $1.51 billion in unpledged investment securities and $718.9 million in cash with the Federal Reserve Bank [5][8] - Total risk-based capital was reported at 18.3%, with a common equity tier 1 capital ratio of 14.7% as of September 30, 2024 [2][22] Non-Interest Income and Expenses - Non-interest income for Q3 2024 was $42.8 million, with significant contributions from service charges and fees [16] - Non-interest expenses totaled $110.0 million, with salaries and employee benefits accounting for the largest portion at $58.9 million [17] Market and Operational Context - The company experienced organic loan growth in its community banking footprint, while facing challenges in other segments due to external factors like Hurricane Helene [19][3] - Management expressed confidence in the strength of the balance sheet and the ability to navigate upcoming challenges [3][4]

CONWAY, Ark., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) ("Home" or "the Company"), parent company of Centennial Bank ("Centennial"), announced it has established additional reserves for loan losses related to the Hurricane Helene FEMA Disaster Area for the third quarter of 2024. As a result of Hurricane Helene, which made landfall September 26, 2024 as a Category 4 hurricane, HOMB recorded additional loan loss reserves of approximately $16.7 million. HOMB has operated in Florida f ...