Company Overview - Home BancShares (HOMB) is a bank holding company headquartered in Conway, with a year-to-date price change of 7.42% [3] - The company currently pays a dividend of $0.19 per share, resulting in a dividend yield of 2.57%, which is higher than the Banks - Southeast industry's yield of 2.28% and the S&P 500's yield of 1.51% [3] Dividend Performance - The annualized dividend of Home BancShares is $0.78, reflecting a 4% increase from the previous year [4] - Over the last 5 years, the company has increased its dividend 4 times year-over-year, averaging an annual increase of 9.70% [4] - The current payout ratio is 39%, indicating that the company paid out 39% of its trailing 12-month earnings per share as dividends [4] Earnings Expectations - Home BancShares is expected to see earnings growth this fiscal year, with the Zacks Consensus Estimate for 2025 at $2.17 per share, representing a year-over-year growth rate of 7.96% [5] Investment Appeal - The company is viewed as an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]

Group 1 - Home Bancshares, Inc. is expected to experience continued earnings growth this year due to low organic loan growth [1] - The provision expense for Home Bancshares is anticipated to be lower this year after a spike last year caused by hurricanes [1]

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Q4 2024 Earnings Conference Call January 16, 2025 2:00 PM ET Company Participants Donna Townsell - Director, Investor Relations John Allison - Chairman Brian Davis - Chief Financial Officer Stephen Tipton - Chief Executive Officer, Centennial Bank Kevin Hester - President & Chief Lending Officer Tracy French - Chairman, Centennial Bank Chris Poulton - President, CCFG Conference Call Participants Catherine Mealor – KBW Brett Rabatin - Hovde Group Jon Arfstrom - ...

For the quarter ended December 2024, Home BancShares (HOMB) reported revenue of $258.36 million, up 5.2% over the same period last year. EPS came in at $0.50, compared to $0.48 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $254.6 million, representing a surprise of +1.48%. The company delivered an EPS surprise of -3.85%, with the consensus EPS estimate being $0.52.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

Core Viewpoint - Home BancShares reported quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.52 per share, representing an earnings surprise of -3.85% [1][2] Financial Performance - The company posted revenues of $258.36 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.48%, compared to year-ago revenues of $245.62 million [2] - Over the last four quarters, Home BancShares has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - Home BancShares shares have increased by approximately 0.6% since the beginning of the year, while the S&P 500 has declined by -0.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.52 on revenues of $251.37 million, and for the current fiscal year, it is $2.14 on revenues of $1.03 billion [7] Industry Outlook - The Zacks Industry Rank for Banks - Southeast is currently in the top 31% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

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 ...

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 ...