Core Viewpoint - Home BancShares, Inc. has authorized an increase in its stock repurchase program and declared a quarterly cash dividend, reflecting the company's commitment to returning value to shareholders [1][2][3]. Stock Repurchase Program - The Board of Directors has increased the shares available for repurchase to 20,000,000, with approximately 13,244,493 shares remaining available as of January 17, 2025, resulting in an increase of 6,755,507 shares [2]. - The stock repurchase program was originally approved in January 2008 and most recently amended in January 2021 [2]. Dividend Declaration - A quarterly cash dividend of $0.195 per share has been declared, payable on March 5, 2025, to shareholders of record on February 12, 2025 [3]. - This dividend is consistent with the quarterly dividends paid during the third and fourth quarters of 2024 [3]. Company Overview - Home BancShares, Inc. is a bank holding company headquartered in Conway, Arkansas, with its wholly-owned subsidiary, Centennial Bank, providing a range of commercial and retail banking services [5]. - Centennial Bank operates branches in Arkansas, Florida, Texas, South Alabama, and New York City [5]. - The company's common stock is traded on the New York Stock Exchange under the symbol "HOMB" [5].

Core Points - Home BancShares, Inc. has authorized an increase in the shares available for repurchase to 20,000,000 shares, with approximately 13,244,493 shares remaining available as of January 17, 2025, resulting in an increase of 6,755,507 shares [2] - The Board of Directors declared a regular quarterly cash dividend of $0.195 per share, payable on March 5, 2025, to shareholders of record on February 12, 2025, consistent with dividends paid in the third and fourth quarters of 2024 [3] Company Overview - Home BancShares, Inc. is a bank holding company headquartered in Conway, Arkansas, with its wholly-owned subsidiary, Centennial Bank, providing a range of commercial and retail banking services [5] - Centennial Bank operates branch locations in Arkansas, Florida, Texas, South Alabama, and New York City, and the company's common stock is traded on the New York Stock Exchange under the symbol "HOMB" [5]

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 ...