HOMB Delivers Another Strong Quarter: $400 Million Loan Growth, Sub-40% Efficiency Ratio & Robust Margin Drive 18% Year-Over-Year Income Increase and Annual ROA of 2.10%

Core Insights - Home BancShares, Inc. reported a record annual income of $475.4 million for 2025, driven by strong fourth-quarter results, including a sub-40% efficiency ratio and $400.2 million in loan growth [4][16]. Quarterly Highlights - Net income for Q4 2025 was $118.2 million, slightly down from $123.6 million in Q3 2025, while adjusted net income was $117.9 million [3][20]. - Total revenue (net) reached $282.1 million in Q4 2025, up from $277.7 million in Q3 2025 [3][8]. - Pre-tax, pre-provision, net income (PPNR) for Q4 2025 was $167.1 million, reflecting consistent growth throughout the year [3][6]. Financial Performance Trends - Net income increased from $305.3 million in 2022 to $475.4 million in 2025, marking an 18% year-over-year increase [16]. - Diluted earnings per share rose from $1.57 in 2022 to $2.41 in 2025, a 53% increase [17]. - The efficiency ratio improved to 39.54% in Q4 2025, indicating enhanced operational efficiency [25]. Financial Condition - Total loans receivable reached a record $15.69 billion at December 31, 2025, up from $15.29 billion at September 30, 2025 [27]. - Total deposits increased to $17.48 billion at December 31, 2025, compared to $17.33 billion at September 30, 2025 [27]. - Shareholders' equity rose to $4.30 billion at December 31, 2025, reflecting a $81.9 million increase from the previous quarter [32]. Stock Repurchases and Dividends - The company repurchased 540,706 shares during Q4 2025, resulting in a shareholder buyback yield of 0.27% [34]. - A cash dividend of $0.21 per share was declared, representing a 5% increase from the previous quarter [35]. Acquisition - The acquisition of Mountain Commerce Bancshares, Inc. is expected to close in the first half of 2026, pending necessary approvals [39].