Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Q3 2022 Earnings Conference Call October 20, 2022 2:00 PM ET Company Participants Donna Townsell - Senior EVP, Director, Investor Relations, Executive Officer & Director John Allison - Co-Founder, Chairman, President & CEO Kevin Hester - Chief Lending Officer & Executive Officer Chris Poulton - President, Centennial Commercial Finance Group Stephen Tipton - Chief Operating Officer & Executive Officer Brian Davis - CFO, Treasurer, Executive Officer & Director Tr ...

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 June 30, 2022 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 71-068 ...

Home BancShares, Inc. (NYSE:HOMB) Q2 2022 Earnings Conference Call June 21, 2022 2:00 PM ET Company Participants John Allison - Co-Founder, Chairman, President & CEO Brian Davis - CFO, Treasurer, Executive Officer & Director Donna Townsell - Senior EVP, Director, Investor Relations, Executive Officer & Director Tracy French - Executive Officer & Director Kevin Hester - Chief Lending Officer & Executive Officer Christopher Poulton - President, Centennial Commercial Finance Group John Marshall - President, Sh ...

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 March 31, 2022 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) (State or othe ...

Financial Data and Key Metrics Changes - The company reported an EPS of $0.40 for Q1 2022, which slightly exceeded expectations [4] - The liquidity position stands at approximately $3.8 billion, with a decision to use $300 million to retire floating rate subordinated notes, resulting in annual savings of $7.5 million [4][6] - The net interest income for Q1 2022 was $131.1 million, with a net interest margin of 3.21%, a decrease of 21 basis points from Q4 [31] Business Line Data and Key Metrics Changes - Centennial Bank's assets increased to $18.6 billion, up from $18 billion, representing a 3% growth [25] - Loans grew to $10 billion, up from $9.8 billion, a 2% increase for the quarter [25] - Deposits rose to $15.2 billion, up from $14.5 billion, marking a 4.5% increase [25] Market Data and Key Metrics Changes - The company experienced a significant change in the securities portfolio, with an unrealized loss of $101 million due to market conditions [12] - The allowance for loan loss to total loans was reported at 2.35%, with non-performing loans at 0.44%, indicating strong asset quality [26] Company Strategy and Development Direction - The acquisition of Happy Bancshares is part of a strategic focus to expand into high-growth Texas markets, with strong loan demand anticipated [10] - The company aims to maintain a disciplined approach to loan pricing and underwriting amidst rising interest rates [36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing a fortress balance sheet and a disciplined strategy as key strengths [21] - The expectation of continued interest rate hikes, with potential increases of 100 to 200 basis points, was highlighted as a significant factor affecting the market [16][17] Other Important Information - The company received recognition as Forbes' Number 1 bank in America for outstanding performance in 2021 [9] - The company is well-capitalized, with Tier 1 capital at $1.9 billion and total risk-based capital at $2.6 billion [32] Q&A Session Summary Question: What is the strategy for deploying the $3.5 billion liquidity? - Management indicated a need to see yields with a "four" in front before deploying funds, suggesting a cautious approach to investment [66][67] Question: How is the company approaching the current lending environment? - Management emphasized the importance of remaining disciplined in loan pricing and underwriting, given the challenges posed by rising rates and high asset prices [71] Question: What is the appetite for further portfolio acquisitions? - Management expressed a willingness to explore opportunistic acquisitions similar to the recent Lending Club deal, contingent on favorable conditions [80]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2021 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 | | 71-068 ...

Financial Data and Key Metrics Changes - The fourth quarter earnings were $0.45 per share or $73.4 million, while the full year earnings reached a record $319 million or $1.94 per share, marking the fourth consecutive year of adjusted earnings around $300 million [8][7] - The company maintained a strong capital position with Tier 1 capital at $1.9 billion and total risk-based capital at $2.3 billion, significantly above well-capitalized benchmarks [29][30] Business Line Data and Key Metrics Changes - Centennial Bank reported total revenue of $721 million for the year, with a return on average assets (ROA) of 2.07% and an efficiency ratio of 38.33% [22][21] - The loan portfolio saw organic growth of $64 million excluding PPP forgiveness, with total loan balances exceeding $1.9 billion by year-end [43][38] Market Data and Key Metrics Changes - The company experienced a year-over-year increase in total deposits of $1.53 billion or 12%, with significant growth in Florida regions [52][53] - Noninterest income was up 14% year-over-year, indicating strong performance across various business segments [23] Company Strategy and Development Direction - The company is focused on maintaining a fortress balance sheet with high asset quality and liquidity, preparing for potential opportunities in a rising interest rate environment [14][13] - The acquisition of Happy State Bank is expected to enhance the company's market presence, bringing total assets close to $25 billion [19][18] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about inflation and its impact on consumers, indicating a belief that the current economic environment is reminiscent of the late 1970s and early 1980s [11][12] - The company is optimistic about loan growth in 2022, particularly in Texas, and is preparing for a successful integration with Happy State Bank [25][89] Other Important Information - The company has $3.8 billion in cash, with plans to deploy a significant portion into securities and loans as interest rates rise [70][109] - The management highlighted the importance of maintaining conservative underwriting standards in light of rising interest rates [38][75] Q&A Session Summary Question: Thoughts on deployment of liquidity as treasury yields rise - Management indicated that they would consider deploying liquidity when the 10-year treasury yield approaches 2% [60][61] Question: Strategy regarding refinancing sub-debt - The decision to refinance sub-debt was made to avoid higher rates in the future, saving the company $37.5 million [65][66] Question: Loan growth outlook in light of market conditions - Management expressed cautious optimism about loan growth, emphasizing the need to retain existing loans while pursuing new opportunities [112][111] Question: Fee income performance in the fourth quarter - The increase in fee income was attributed to seasonal factors and additional income from CCFG, which is typically strong in the fourth quarter [83][84] Question: Future M&A plans post-Happy deal - Management confirmed ongoing discussions regarding potential M&A opportunities, indicating a proactive approach to growth [87][89]

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, 2021 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: 000-51904 HOME BANCSHARES, INC. (Exact Name of Registrant as Specified in Its Charter) Arkansas 71-0682831 (State or other jurisd ...

Financial Data and Key Metrics Changes - The company reported earnings of $75 million or $0.46 per share for Q3 2021, with year-to-date earnings of $245.7 million or $1.49 per share, marking a record for the company [7][8]. - The return on assets (ROA) was reported at 1.68%, with a potential adjusted ROA of 2% when excess capital is excluded [8][14]. - The company maintained a strong capital ratio, with a return on tangible common equity (ROTCE) of 17.39% and a non-interest expense increase of $8 million year-over-year [15][43]. Business Line Data and Key Metrics Changes - Centennial Bank's total revenue for Q3 was $178 million, leading to a year-to-date total of $546 million, with an efficiency ratio of 37.54 [32]. - Non-interest income for Centennial Bank increased by 16%, driven by service charges and mortgage activities [33]. - The boat finance segment reported a year-to-date pre-tax profit contribution of $23 million, exceeding the full year 2020 profit of $21 million [59]. Market Data and Key Metrics Changes - Unfunded commitments of loans and credit lines increased by $250 million to $3 billion, indicating expected loan growth in the second half of the year [13]. - The commercial real estate portfolio grew by over $100 million, while the C&I book saw modest declines due to corporate borrowers paying down facilities [56]. - Total deposits increased by $112 million during Q3, with non-interest bearing balances now representing 30% of the total deposit base [65]. Company Strategy and Development Direction - The company is focused on growth through mergers and acquisitions, specifically highlighting the acquisition of Happy BancShares as a strategic move to enhance shareholder value [9][10]. - The management emphasized the importance of maintaining asset quality and disciplined loan growth, avoiding low-quality loans despite competitive pressures [14][88]. - The company aims to align Happy Banc's expenses with its own to maximize profitability post-acquisition [101]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about loan growth in the second half of 2021, citing a solid pipeline and improved credit metrics [47][50]. - The management acknowledged the challenges posed by supply chain disruptions but remained confident in the demand for their products [57]. - The company plans to maintain high loan loss reserves in light of the recent acquisition, ensuring prudent risk management [118]. Other Important Information - The company reported a significant increase in excess liquidity, which has impacted net interest margin (NIM) negatively [41]. - The management highlighted the importance of maintaining a strong capital position, with tier one capital at $1.8 billion and total risk-based capital at $2.3 billion [43][44]. - The company is actively considering redeeming subordinated debt to enhance earnings [102][110]. Q&A Session Summary Question: What changed between August and September regarding loan demand? - Management indicated that there was no significant change; rather, the anticipated loan growth began to materialize as previously expected [84]. Question: What is the expected long-term growth rate for the company? - Management suggested a normal growth rate of 3% to 5%, with potential for 5% in favorable conditions [100]. Question: How does the company view its loan loss reserves? - Management expressed a desire to maintain high reserves, especially after acquiring Happy Banc, to ensure prudent risk management [118]. Question: Will the company continue to be active in stock buybacks? - Management confirmed ongoing stock buyback activities, emphasizing the importance of completing the Happy transaction first [111].

NASDAQ: HOMB | September 2021 www.homebancshares.com Home BancShares Announces Acquisition of Happy Bancshares Creating a Happy HOMB from Panhandle to Panhandle FORWARD LOOKING STATEMENT This presentation contains forward-looking statements which include, but are not limited to, statements about the benefits of the business combination transaction involving Home BancShares, Inc. ("Home") and Happy Bancshares, Inc. ("Happy"), including the combined company's future financial and operating results, plans, exp ...