Home BancShares Beats EPS Estimates for First Quarter

Rhea-AI Summary

Home BancShares reported a net income of $64.9 million for Q1 2022, with diluted earnings per share at $0.40. Total revenue stood at $161.8 million, down from $171.0 million in Q4 2021. The bank's net interest margin decreased to 3.21% from 3.42% in the previous quarter. Key metrics included a ROA of 1.43% and a ROE of 9.58%. The bank's allowance for credit losses was $234.8 million, representing 2.34% of total loans. Asset growth was noted, with total assets reaching $18.62 billion, and total loans at $10.05 billion as of March 31, 2022.

Positive

• Net income of $64.9 million in Q1 2022.
• Total assets increased to $18.62 billion.
• Total loans grew to $10.05 billion.
• No credit loss expense recorded in Q1 2022.

Negative

• Total revenue decreased from $171.0 million in Q4 2021 to $161.8 million in Q1 2022.
• Net interest margin declined to 3.21% from 3.42% in the prior quarter.
• Stockholders' equity decreased by $79 million.

CONWAY, Ark., April 21, 2022 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) (“Home” or the “Company”), parent company of Centennial Bank, released quarterly earnings today.

Highlights of the First Quarter of 2022:

Metric	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Net Income	$64.9 million	$73.4 million	$75.0 million	$79.1 million	$91.6 million
Total Revenue (net)	$161.8 million	$171.0 million	$173.8 million	$172.4 million	$193.4 million
Income before income taxes	$84.9 million	$93.9 million	$98.2 million	$104.1 million	$120.5 million
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)	$84.9 million	$93.9 million	$98.2 million	$99.4 million	$120.5 million
Pre-tax net income to total revenue (net)	52.48%	54.94%	56.50%	60.42%	62.32%
P5NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)	52.48%	54.94%	56.50%	57.66%	62.32%
ROA	1.43%	1.62%	1.68%	1.81%	2.22%
NIM	3.21%	3.42%	3.60%	3.61%	4.02%
NIM, excluding PPP loans (non-GAAP)(1)	3.17%	3.32%	3.43%	3.54%	3.86%
Purchase Accounting Accretion	$3.1 million	$4.0 million	$4.9 million	$5.8 million	$5.5 million
ROE	9.58%	10.63%	10.97%	11.92%	14.15%
ROTCE (non-GAAP)(1)	15.03%	16.73%	17.39%	19.12%	22.90%
Diluted Earnings Per Share	$0.40	$0.45	$0.46	$0.48	$0.55
Non-Performing Assets to Total Assets	0.25%	0.29%	0.29%	0.35%	0.38%
Common Equity Tier 1 Capital	14.9%	15.4%	15.2%	15.0%	14.3%
Leverage	10.8%	11.1%	11.0%	10.9%	11.1%
Tier 1 Capital	15.4%	16.0%	15.8%	15.6%	14.9%
Total Risk-Based Capital	21.6%	19.8%	19.6%	19.5%	18.8%
Allowance for Credit Losses to Total Loans	2.34%	2.41%	2.41%	2.36%	2.25%
Allowance for Credit Losses to Total Loans, excluding PPP loans (non-GAAP)(1)	2.35%	2.43%	2.47%	2.47%	2.40%

⁽¹⁾ Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.

“The first quarter brought about record high wholesale prices, rising interest rates, future recession fears and global unrest, thus creating one of the most volatile quarters on record during my business career,” said John Allison, Chairman. “During this time, HOMB has stayed true to our discipline and still delivered solid performance during the quarter. We like how we have positioned ourselves in the market with over $3.5 billion in excess cash, and with rising interest rates, it seems as though we have played the chess game very well so far. We believe the Fed will be forced to continue raising rates at a faster pace in the near term. As a result, we could be poised to start deploying some of the cash in the remainder of the year,” continued Allison.

Operating Highlights

Net income for the three-month period ended March 31, 2022 was $64.9 million, or $0.40 earnings per share.

During the first quarter of 2022, the Company did not record any credit loss expense. The Company determined that an additional provision for credit losses on loans was not necessary as the current level of the allowance for credit losses was considered adequate as of March 31, 2022. In addition, the Company determined that the current level of the unfunded commitment reserve was adequate and no additional provision for unfunded commitments was necessary.

Our net interest margin was 3.21% for the three-month period ended March 31, 2022 compared to 3.42% for the three-month period ended December 31, 2021. The yield on loans was 5.29% and 5.48% for the three months ended March 31, 2022 and December 31, 2021, respectively, as average loans increased from $9.91 billion to $9.94 billion. Additionally, the rate on interest bearing deposits decreased to 0.19% as of March 31, 2022 from 0.20% as of December 31, 2021, as average balances increased from $10.00 billion to $10.22 billion.

As of March 31, 2022, we had $59.6 million of Paycheck Protection Program (PPP) loans outstanding. These loans are at 1.00% plus the accretion of the origination fee. Excluding PPP loans, our net interest margin (non-GAAP) for the three-month period ended March 31, 2022 was 3.17%⁽¹⁾. The PPP loans were accretive to the net interest margin by 4 basis points for the three-month period ended March 31, 2022 compared to 10 basis points for the three-month period ended December 31, 2021. This was primarily due to approximately $53.2 million of the Company’s PPP loans being forgiven during the first quarter of 2022 as well as the acceleration of deferred fees for the loans that were forgiven. The deferred fee income decreased from $5.4 million to $2.0 million for the three-month periods ended December 31, 2021 and March 31, 2022, respectively.

As a result of excess liquidity, we had an increase of $236.0 million of average interest-bearing cash balances in the first quarter of 2022 compared to the fourth quarter of 2021. This excess liquidity diluted the net interest margin by 5 basis points for the three-month period ended March 31, 2022.

During the first quarter of 2022, there was $1.4 million of event interest income compared to event interest income of $1.2 million for the fourth quarter of 2021. The increase in event income led to a 0.6 basis point increase to the net interest margin.

Purchase accounting accretion on acquired loans was $3.1 million and $4.0 million and average purchase accounting loan discounts were $25.4 million and $28.9 million for the three-month periods ended March 31, 2022 and December 31, 2021, respectively. The reduction in accretion income reduced the net interest margin by 2 basis points for the three-month period ended March 31, 2022.

Net interest income on a fully taxable equivalent basis was $132.9 million for the three-month period ended March 31, 2022 and $140.8 million for the three-month period ended December 31, 2021. This decrease in net interest income for the three-month period ended March 31, 2022 was the result of a $6.1 million decrease in interest income and a $1.8 million increase in interest expense. The $6.1 million decrease in interest income was primarily the result of a $7.3 million decrease in loan interest income, partially offset by an $835,000 increase in investment income. The $1.8 million increase in interest expense was due to a $2.1 million increase in interest expense on subordinated debentures, which was partially offset by a $261,000 decrease in interest expense on deposits. The increase in interest expense on subordinated debentures was the result of the Company completing an underwritten public offering of $300.0 million in aggregate principal of its 3.125% Fixed-to-Floating Rate Subordinated Notes due 2032 during the first quarter of 2022. The new subordinated debt was dilutive to the net interest margin by 5 basis points.

The Company reported $30.7 million of non-interest income for the first quarter of 2022. The most important components of the first quarter non-interest income were $7.7 million from other service charges and fees, $6.1 million from service charges on deposit accounts, $3.9 million in mortgage lending income, $7.9 million from other income, $2.1 million income from the fair value adjustment for marketable securities, $698,000 million from dividends from FHLB, FRB, FNBB and other, $574,000 from trust fees, $492,000 increase in cash value of life insurance, $480,000 from insurance commissions and $478,000 from gain on OREO. The $7.9 million in other income includes $3.3 million in recoveries on historic losses for a single borrower.

Non-interest expense for the first quarter of 2022 was $76.9 million. The most important components of the first quarter non-interest expense were $43.6 million from salaries and employee benefits, $16.3 million in other expense, $9.1 million in occupancy and equipment expenses and $7.0 million in data processing expenses. Also included within non-interest expense was $863,000 in merger and acquisition expenses. For the first quarter of 2022, our efficiency ratio was 46.15%.

Financial Condition

Total loans receivable were $10.05 billion at March 31, 2022 compared to $9.84 billion at December 31, 2021. Total deposits were $14.58 billion at March 31, 2022 compared to $14.26 billion at December 31, 2021. Total assets were $18.62 billion at March 31, 2022 compared to $18.05 billion at December 31, 2021.

During the first quarter of 2022, the Company experienced approximately $216.6 million in loan growth. On February 7, 2022, the Company completed the acquisition of $242.2 million of marine loans, from LendingClub Bank. Centennial CFG experienced $225.6 million of organic loan growth and had loans of $2.15 billion at March 31, 2022. Our legacy footprint experienced $198.0 million in organic loan decline and $53.2 million in PPP loan decline during the quarter.

Non-performing loans to total loans was 0.44% and 0.51% as of March 31, 2022 and December 31, 2021, respectively. Non-performing assets to total assets was 0.25% and 0.29% as of March 31, 2022 and December 31, 2021, respectively. Net charge-offs were $1.9 million and $2.0 million for the three months ended March 31, 2022 and December 31, 2021, respectively.

Non-performing loans at March 31, 2022 were $13.2 million, $24.8 million, $480,000, $1.4 million and $4.8 million in the Arkansas, Florida, Alabama, Shore Premier Finance and Centennial CFG markets, respectively, for a total of $44.7 million. Non-performing assets at March 31, 2022 were $13.2 million, $25.9 million, $480,000, $1.4 million and $4.8 million in the Arkansas, Florida, Alabama, Shore Premier Finance and Centennial CFG markets, respectively, for a total of $45.8 million.

The Company’s allowance for credit losses on loans was $234.8 million at March 31, 2022, or 2.34% of total loans, compared to the allowance for credit losses of $236.7 million, or 2.41% of total loans, at December 31, 2021. The Company’s allowance for credit losses on loans to total loans, excluding PPP loans (non-GAAP), was 2.35%⁽¹⁾ and 2.43%⁽¹⁾ for the three months ended March 31, 2022 and December 31, 2021, respectively. As of March 31, 2022 and December 31, 2021, the Company’s allowance for credit losses on loans was 525.50% and 471.61% of its total non-performing loans, respectively.

Stockholders’ equity was $2.69 billion at March 31, 2022 compared to $2.77 billion at December 31, 2021, a decrease of approximately $79.0 million. The decrease in stockholders’ equity was associated with a $115.0 million decrease in accumulated other comprehensive income as well as net stock repurchases and share-based compensation activity of $1.8 million, which was partially offset by a $37.8 million increase in retained earnings. Book value per common share was $16.41 at March 31, 2022 compared to $16.90 at December 31, 2021. Tangible book value per common share (non-GAAP) was $10.32⁽¹⁾ at March 31, 2022 compared to $10.80⁽¹⁾ at December 31, 2021, a decrease of 17.94% on an annualized basis. 

Branches

The Company currently has 76 branches in Arkansas, 78 branches in Florida, 62 branches in Texas, 5 branches in Alabama and one branch in New York City.

Acquisition

The Company’s previously announced acquisition of Happy Bancshares, Inc. (“Happy”) and its bank subsidiary, Happy State Bank, was completed on April 1, 2022. As of March 31, 2022, Happy had approximately $6.76 billion in total assets, $3.60 billion in loans, and $5.85 billion in deposits. With the completion of the acquisition, the Company now operates 62 branches in Texas.

Subordinated Debt Payoff

On April 15, 2022, the Company completed the payoff of its $300.0 million in aggregate principal amount of 5.625% Fixed-to-Floating Rate Subordinated Notes due 2027. Each 2027 Note was redeemed pursuant to the terms of the Subordinated Indenture, as supplemented by the First Supplemental Indenture, each dated as of April 3, 2017, between the Company and U.S. Bank Trust Company, National Association, the Trustee for the 2027 Notes, at the redemption price of 100% of its principal amount, plus accrued and unpaid interest to, but excluding, the Redemption Date.

(1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.

Conference Call

Management will conduct a conference call to review this information at 1:00 p.m. CT (2:00 ET) on Thursday, April 21, 2022. We strongly encourage all participants to pre-register for the conference call webcast or the live call using one of the following links. First, participants can pre-register for the conference call webcast using the following link: https://events.q4inc.com/attendee/468089456. Participants who pre-register will be given a unique webcast link to gain immediate access to the conference call webcast. Second, participants can pre-register for the live call using the following link: https://www.incommglobalevents.com/registration/q4inc/10378/home-bancshares-inc-1st-quarter-earnings-call/. Participants who pre-register will be given the phone number and unique access codes to gain immediate access to the live call. Participants may pre-register now, or at any time prior to the call, and will immediately receive simple instructions via email. The Home BancShares conference call will also be automatically scheduled as an event in your Outlook calendar.

Those without internet access or unable to pre-register may dial in and listen to the live call by calling 1-844-200-6205, Passcode: 064337. A replay of the call will be available by calling 1-866-813-9403, Passcode: 129968, which will be available until April 28, 2022, at 10:59 p.m. CT (11:59 p.m. ET). Internet access to the call will be available live or in recorded version on the Company's website at www.homebancshares.com.

About Home BancShares

Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Its wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, Texas, South Alabama and New York City. The Company’s common stock is traded through the New York Stock Exchange under the symbol “HOMB.” The Company was founded in 1998. Visit www.homebancshares.com or www.my100bank.com for more information.

Non-GAAP Financial Measures

This press release contains financial information determined by methods other than in accordance with generally accepted accounting principles (GAAP). The Company’s management uses these non-GAAP financial measures--including net income (earnings), as adjusted; pre-tax, pre-provision, net income (PPNR); pre-tax, pre-provision, profit percentage; diluted earnings per common share, as adjusted; return on average assets, as adjusted; return on average assets excluding intangible amortization; return on average assets excluding excess liquidity; return on average common equity, as adjusted; return on average tangible common equity; return on average tangible common equity excluding intangible amortization; return on average tangible common equity, as adjusted; efficiency ratio, as adjusted; net interest margin, excluding PPP loans; allowance for credit losses to total loans, excluding PPP loans; tangible book value per common share and tangible common equity to tangible assets--to provide meaningful supplemental information regarding our performance. These measures typically adjust GAAP performance measures to include the tax benefit associated with revenue items that are tax-exempt, as well as adjust income available to common shareholders for certain significant items or transactions (including the effect of the PPP loans) that management believes are not indicative of the Company’s primary business operating results. Since the presentation of these GAAP performance measures and their impact differ between companies, management believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company’s business. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables of this release.

General

This release may contain forward-looking statements regarding the Company’s plans, expectations, goals and outlook for the future. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future events, performance or results. When we use words like “may,” “plan,” “propose,” “contemplate,” “anticipate,” “believe,” “intend,” “continue,” “expect,” “project,” “predict,” “estimate,” “could,” “should,” “would,” and similar expressions, you should consider them as identifying forward-looking statements, although we may use other phrasing. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risk and uncertainties. Various factors could cause actual results to differ materially from those contemplated by the forward-looking statements. These factors include, but are not limited to, the following: economic conditions, credit quality, interest rates, loan demand, real estate values and unemployment; disruptions, uncertainties and related effects on our business and operations as a result of the ongoing coronavirus (COVID-19) pandemic and measures that have been or may be implemented or imposed in response to the pandemic, including the impact on, among other things, credit quality and liquidity; the possibility that the acquisition of Happy may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the risk that the benefits from the transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in general economic and market conditions, ongoing or future effects of the COVID-19 pandemic, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Home and Happy operate; the ability to promptly and effectively integrate the businesses of Home and Happy; the reaction to the transaction of the companies’ customers, employees and counterparties; diversion of management time on acquisition-related issues; the effect of any future mergers, acquisitions or other transactions to which we or our bank subsidiary may from time to time be a party, including as a result of one or more of the factors described above as they would relate to such transaction; the ability to identify, enter into and/or close additional acquisitions; legislative and regulatory changes and risks and expenses associated with current and future legislation and regulations, including those in response to the COVID-19 pandemic; technological changes and cybersecurity risks; the effects of changes in accounting policies and practices; changes in governmental monetary and fiscal policies; political instability; competition from other financial institutions; potential claims, expenses and other adverse effects related to current or future litigation, regulatory examinations or other government actions; changes in the assumptions used in making the forward-looking statements; and other factors described in reports we file with the Securities and Exchange Commission (the “SEC”), including those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 24, 2022.

FOR MORE INFORMATION CONTACT:
Donna Townsell
Director of Investor Relations
Home BancShares, Inc.
(501) 328-4625

Home BancShares, Inc.
Consolidated End of Period Balance Sheets
(Unaudited)
(In thousands)		Mar. 31, 2022				Dec. 31, 2021				Sep. 30, 2021				Jun. 30, 2021				Mar. 31, 2021
ASSETS
Cash and due from banks		$	173,134			$	119,908			$	146,378			$	182,226			$	218,814
Interest-bearing deposits with other banks			3,446,324				3,530,407				3,133,878				2,759,027				2,259,734
Cash and cash equivalents			3,619,458				3,650,315				3,280,256				2,941,253				2,478,548
Investment securities - available-for sale, net of allowance for credit losses			2,957,322				3,119,807				3,150,608				3,053,712				2,539,123
Investment securities - held-to-maturity			499,265				-				-				-				-
Loans receivable			10,052,714				9,836,089				9,901,100				10,199,175				10,778,493
Allowance for credit losses			(234,768	)			(236,714	)			(238,673	)			(240,451	)			(242,932	)
Loans receivable, net			9,817,946				9,599,375				9,662,427				9,958,724				10,535,561
Bank premises and equipment, net			274,503				275,760				276,972				278,502				278,620
Foreclosed assets held for sale			1,144				1,630				1,171				1,969				3,004
Cash value of life insurance			105,623				105,135				104,638				104,132				103,599
Accrued interest receivable			46,934				46,736				48,577				48,725				55,495
Deferred tax asset, net			116,605				78,290				69,724				72,273				77,145
Goodwill			973,025				973,025				973,025				973,025				973,025
Core deposit and other intangibles			23,624				25,045				26,466				27,886				29,307
Other assets			182,546				177,020				171,192				166,991				166,814
Total assets		$	18,617,995			$	18,052,138			$	17,765,056			$	17,627,192			$	17,240,241
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Deposits:
Demand and non-interest-bearing		$	4,311,400			$	4,127,878			$	4,139,149			$	4,076,570			$	3,859,722
Savings and interest-bearing transaction accounts			9,461,393				9,251,805				8,813,326				8,744,900				8,477,208
Time deposits			808,141				880,887				1,050,896				1,069,871				1,175,664
Total deposits			14,580,934				14,260,570				14,003,371				13,891,341				13,512,594
Securities sold under agreements to repurchase			151,151				140,886				141,002				150,540				162,929
FHLB and other borrowed funds			400,000				400,000				400,000				400,000				400,000
Accrued interest payable and other liabilities			131,339				113,868				113,721				118,415				148,999
Subordinated debentures			667,868				371,093				370,900				370,707				370,515
Total liabilities			15,931,292				15,286,417				15,028,994				14,931,003				14,595,037
Stockholders' equity
Common stock			1,638				1,637				1,640				1,645				1,651
Capital surplus			1,485,524				1,487,373				1,492,588				1,501,615				1,516,286
Retained earnings			1,304,098				1,266,249				1,215,831				1,163,810				1,107,818
Accumulated other comprehensive (loss) income			(104,557	)			10,462				26,003				29,119				19,449
Total stockholders' equity			2,686,703				2,765,721				2,736,062				2,696,189				2,645,204
Total liabilities and stockholders' equity		$	18,617,995			$	18,052,138			$	17,765,056			$	17,627,192			$	17,240,241

Home BancShares, Inc.
Consolidated Statements of Income
(Unaudited)
		Quarter Ended																			Three Months Ended
(In thousands)		Mar. 31, 2022			Dec. 31, 2021				Sep. 30, 2021				Jun. 30, 2021				Mar. 31, 2021				Mar. 31, 2022			Mar. 31, 2021
Interest income
Loans		$	129,442		$	136,750			$	142,609			$	141,684			$	150,917			$	129,442		$	150,917
Investment securities
Taxable			9,080			8,121				8,495				7,185				6,253				9,080			6,253
Tax-exempt			4,707			4,827				4,839				4,905				5,071				4,707			5,071
Deposits - other banks			1,673			1,281				1,117				707				410				1,673			410
Federal funds sold			1			-				-				-				-				1			-
Total interest income			144,903			150,979				157,060				154,481				162,651				144,903			162,651
Interest expense
Interest on deposits			4,894			5,155				5,642				6,434				7,705				4,894			7,705
FHLB borrowed funds			1,875			1,916				1,917				1,896				1,875				1,875			1,875
Securities sold under agreements to repurchase			108			98				102				107				190				108			190
Subordinated debentures			6,878			4,790				4,788				4,792				4,793				6,878			4,793
Total interest expense			13,755			11,959				12,449				13,229				14,563				13,755			14,563
Net interest income			131,148			139,020				144,611				141,252				148,088				131,148			148,088
Provision for credit losses			-			-				-				-				-				-			-
Provision for credit loss - unfunded commitments			-			-				-				(4,752	)			-				-			-
Total credit loss expense			-			-				-				(4,752	)			-				-			-
Net interest income after provision for credit losses			131,148			139,020				144,611				146,004				148,088				131,148			148,088
Non-interest income
Service charges on deposit accounts			6,140			6,217				5,941				5,116				5,002				6,140			5,002
Other service charges and fees			7,733			11,133				8,051				9,659				7,608				7,733			7,608
Trust fees			574			515				479				444				522				574			522
Mortgage lending income			3,916			5,359				5,948				6,202				8,167				3,916			8,167
Insurance commissions			480			387				586				478				492				480			492
Increase in cash value of life insurance			492			501				509				537				502				492			502
Dividends from FHLB, FRB, FNBB & other			698			919				2,661				2,646				8,609				698			8,609
Gain on SBA loans			95			792				439				1,149				-				95			-
Gain (loss) on branches, equipment and other assets, net			16			(19	)			(34	)			(23	)			(29	)			16			(29	)
Gain on OREO, net			478			737				246				619				401				478			401
Gain on securities, net			-			-				-				-				219				-			219
Fair value adjustment for marketable securities			2,125			85				61				1,250				5,782				2,125			5,782
Other income			7,922			5,338				4,322				3,043				8,001				7,922			8,001
Total non-interest income			30,669			31,964				29,209				31,120				45,276				30,669			45,276
Non-interest expense
Salaries and employee benefits			43,551			43,765				42,469				42,462				42,059				43,551			42,059
Occupancy and equipment			9,144			9,047				9,305				9,042				9,237				9,144			9,237
Data processing expense			7,039			6,493				6,024				5,893				5,870				7,039			5,870
Merger and acquisition expenses			863			880				1,006				-				-				863			-
Other operating expenses			16,299			16,865				16,815				15,585				15,700				16,299			15,700
Total non-interest expense			76,896			77,050				75,619				72,982				72,866				76,896			72,866
Income before income taxes			84,921			93,934				98,201				104,142				120,498				84,921			120,498
Income tax expense			20,029			20,577				23,209				25,072				28,896				20,029			28,896
Net income		$	64,892		$	73,357			$	74,992			$	79,070			$	91,602			$	64,892		$	91,602

Home BancShares, Inc.
Selected Financial Information
(Unaudited)
		Quarter Ended																				Three Months Ended
(Dollars and shares in thousands, except per share data)		Mar. 31, 2022				Dec. 31, 2021				Sep. 30, 2021				Jun. 30, 2021				Mar. 31, 2021				Mar. 31, 2022				Mar. 31, 2021
PER SHARE DATA
Diluted earnings per common share		$	0.40			$	0.45			$	0.46			$	0.48			$	0.55			$	0.40			$	0.55
Diluted earnings per common share, as adjusted, excluding fair value adjustment for marketable securities, special dividend from equity investment, gain on securities, recoveries on historic losses & merger and acquisition expenses (non-GAAP)(1)			0.37				0.45				0.45				0.46				0.47				0.37				0.47
Basic earnings per common share			0.40				0.45				0.46				0.48				0.55				0.40				0.55
Dividends per share - common			0.165				0.14				0.14				0.14				0.14				0.165				0.14
Book value per common share			16.41				16.90				16.68				16.39				16.02				16.41				16.02
Tangible book value per common share (non-GAAP)(1)			10.32				10.80				10.59				10.31				9.95				10.32				9.95
STOCK INFORMATION
Average common shares outstanding			163,787				163,859				164,126				164,781				165,257				163,787				165,257
Average diluted shares outstanding			164,196				164,306				164,603				165,226				165,446				164,196				165,446
End of period common shares outstanding			163,758				163,699				164,008				164,488				165,141				163,758				165,141
ANNUALIZED PERFORMANCE METRICS
Return on average assets (ROA)			1.43	%			1.62	%			1.68	%			1.81	%			2.22	%			1.43	%			2.22	%
Return on average assets excluding fair value adjustment for marketable securities, special dividend from equity investment, gain on securities, recoveries on historic losses & merger and acquisition expenses: (ROA, as adjusted) (non-GAAP)(1)			1.36				1.64				1.67				1.75				1.88				1.36				1.88
Return on average assets excluding intangible amortization (non-GAAP)(1)			1.54				1.75				1.81				1.95				2.39				1.54				2.39
Return on average assets excluding excess liquidity (non-GAAP)(1)			1.74				1.96				1.98				2.09				2.42				1.74				2.42
Return on average common equity (ROE)			9.58				10.63				10.97				11.92				14.15				9.58				14.15
Return on average common equity excluding fair value adjustment for marketable securities, special dividend from equity investment, gain on securities, recoveries on historic losses & merger and acquisition expenses: (ROE, as adjusted) (non-GAAP)(1)			9.09				10.72				10.87				11.54				11.95				9.09				11.95
Return on average tangible common equity (ROTCE) (non-GAAP)(1)			15.03				16.73				17.39				19.12				22.90				15.03				22.90
Return on average tangible common equity excluding intangible amortization (non-GAAP)(1)			15.28				16.97				17.64				19.38				23.16				15.28				23.16
Return on average tangible common equity excluding fair value adjustment for marketable securities, special dividend from equity investment, gain on securities, recoveries on historic losses & merger and acquisition expenses: (ROTCE, as adjusted) (non-GAAP)(1)			14.26				16.87				17.23				18.50				19.33				14.26				19.33
(1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.

Home BancShares, Inc.
Selected Financial Information
(Unaudited)
		Quarter Ended																				Three Months Ended
(Dollars in thousands)		Mar. 31, 2022				Dec. 31, 2021				Sep. 30, 2021				Jun. 30, 2021				Mar. 31, 2021				Mar. 31, 2022				Mar. 31, 2021
Efficiency ratio			46.15	%			43.79	%			42.26	%			41.09	%			36.60	%			46.15	%			36.60	%
Efficiency ratio, as adjusted (non-GAAP)(1)			47.33				43.48				42.29				42.07				40.68				47.33				40.68
Net interest margin - FTE (NIM)			3.21				3.42				3.60				3.61				4.02				3.21				4.02
Net interest margin - FTE, excluding PPP loans (non-GAAP)(1)			3.17				3.32				3.43				3.54				3.86				3.17				3.86
Fully taxable equivalent adjustment		$	1,738			$	1,736			$	1,748			$	1,774			$	1,821			$	1,738			$	1,821
Total revenue (net)			161,817				170,984				173,820				172,372				193,364				161,817				193,364
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)			84,921				93,934				98,201				99,390				120,498				84,921				120,498
Pre-tax net income to total revenue (net)			52.48	%			54.94	%			56.50	%			60.42	%			62.32	%			52.48	%			62.32	%
P5NR(Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)			52.48				54.94				56.50				57.66				62.32				52.48				62.32
Total purchase accounting accretion		$	3,089			$	4,001			$	4,868			$	5,797			$	5,485			$	3,089			$	5,485
Average purchase accounting loan discounts			25,359				28,882				33,320				38,568				43,940				25,359				43,940
OTHER OPERATING EXPENSES
Advertising		$	1,266			$	1,411			$	1,204			$	1,194			$	1,046			$	1,266			$	1,046
Amortization of intangibles			1,421				1,420				1,421				1,421				1,421				1,421				1,421
Electronic banking expense			2,538				2,442				2,521				2,616				2,238				2,538				2,238
Directors' fees			404				422				395				414				383				404				383
Due from bank service charges			270				257				265				273				249				270				249
FDIC and state assessment			1,668				1,353				1,648				1,108				1,363				1,668				1,363
Insurance			770				801				749				787				781				770				781
Legal and accounting			797				749				1,050				1,058				846				797				846
Other professional fees			1,609				1,754				1,787				1,796				1,613				1,609				1,613
Operating supplies			754				489				474				465				487				754				487
Postage			306				352				301				292				338				306				338
Telephone			337				343				371				365				346				337				346
Other expense			4,159				5,072				4,629				3,796				4,589				4,159				4,589
Total other operating expenses		$	16,299			$	16,865			$	16,815			$	15,585			$	15,700			$	16,299			$	15,700
(1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.

Home BancShares, Inc.
Selected Financial Information
(Unaudited)
(Dollars in thousands)		Mar. 31, 2022				Dec. 31, 2021				Sep. 30, 2021				Jun. 30, 2021				Mar. 31, 2021
BALANCE SHEET RATIOS
Total loans to total deposits			68.94	%			68.97	%			70.71	%			73.42	%			79.77	%
Common equity to assets			14.43				15.32				15.40				15.30				15.34
Tangible common equity to tangible assets (non-GAAP)(1)			9.59				10.36				10.36				10.20				10.12
										.
LOANS RECEIVABLE
Real estate
Commercial real estate loans
Non-farm/non-residential		$	3,810,383			$	3,889,284			$	4,005,841			$	4,144,375			$	4,289,142
Construction/land development			1,856,096				1,850,050				1,742,687				1,541,482				1,612,973
Agricultural			142,920				130,674				138,881				126,293				113,382
Residential real estate loans
Residential 1-4 family			1,223,890				1,274,953				1,273,988				1,316,485				1,437,546
Multifamily residential			248,650				280,837				274,131				332,256				377,661
Total real estate			7,281,939				7,425,798				7,435,528				7,460,891				7,830,704
Consumer			1,059,342				825,519				814,732				824,938				839,819
Commercial and industrial			1,510,205				1,386,747				1,414,079				1,612,826				1,794,787
Agricultural			48,095				43,920				68,272				69,152				65,017
Other			153,133				154,105				168,489				231,368				248,166
Loans receivable		$	10,052,714			$	9,836,089			$	9,901,100			$	10,199,175			$	10,778,493
Paycheck Protection Program (PPP) loans (net of discounts) (included in total loans receivable)			59,609				112,814				241,476				473,894				646,382
ALLOWANCE FOR CREDIT LOSSES
Balance, beginning of period		$	236,714			$	238,673			$	240,451			$	242,932			$	245,473
Loans charged off			2,310				3,125				2,469				3,023				3,047
Recoveries of loans previously charged off			364				1,166				691				542				506
Net loans charged off			1,946				1,959				1,778				2,481				2,541
Provision for credit losses - loans			-				-				-				-				-
Balance, end of period		$	234,768			$	236,714			$	238,673			$	240,451			$	242,932
Net charge-offs to average total loans			0.08	%			0.08	%			0.07	%			0.09	%			0.09	%
Allowance for credit losses to total loans			2.34				2.41				2.41				2.36				2.25
Allowance for credit losses to total loans, excluding PPP loans			2.35				2.43				2.47				2.47				2.40
NON-PERFORMING ASSETS
Non-performing loans
Non-accrual loans		$	44,629			$	47,158			$	47,604			$	55,269			$	59,142
Loans past due 90 days or more			46				3,035				3,311				3,667				4,209
Total non-performing loans			44,675				50,193				50,915				58,936				63,351
Other non-performing assets
Foreclosed assets held for sale, net			1,144				1,630				1,171				1,969				3,004
Other non-performing assets			-				-				-				-				-
Total other non-performing assets			1,144				1,630				1,171				1,969				3,004
Total non-performing assets		$	45,819			$	51,823			$	52,086			$	60,905			$	66,355
Allowance for credit losses for loans to non-performing loans			525.50	%			471.61	%			468.77	%			407.99	%			383.47	%
Non-performing loans to total loans			0.44				0.51				0.51				0.58				0.59
Non-performing assets to total assets			0.25				0.29				0.29				0.35				0.38
(1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.

Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
		Three Months Ended
		March 31, 2022									December 31, 2021
(Dollars in thousands)		Average Balance			Income/ Expense			Yield/ Rate			Average Balance			Income/ Expense			Yield/ Rate
ASSETS
Earning assets
Interest-bearing balances due from banks		$	3,497,894		$	1,673		0.19	%		$	3,261,846		$	1,281		0.16	%
Federal funds sold			1,751			1		0.23				33			-		-
Investment securities - taxable			2,486,401			9,080		1.48				2,278,440			8,121		1.41
Investment securities - non-taxable - FTE			850,722			6,284		3.00				858,692			6,408		2.96
Loans receivable - FTE			9,937,993			129,603		5.29				9,909,711			136,905		5.48
Total interest-earning assets			16,774,761			146,641		3.55				16,308,722			152,715		3.72
Non-earning assets			1,618,314									1,606,005
Total assets		$	18,393,075								$	17,914,727
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts		$	9,363,793		$	3,873		0.17	%		$	9,037,302		$	3,667		0.16	%
Time deposits			854,593			1,021		0.48				958,309			1,488		0.62
Total interest-bearing deposits			10,218,386			4,894		0.19				9,995,611			5,155		0.20
Securities sold under agreement to repurchase			137,565			108		0.32				143,811			98		0.27
FHLB borrowed funds			400,000			1,875		1.90				400,000			1,916		1.90
Subordinated debentures			611,888			6,878		4.56				370,999			4,790		5.12
Total interest-bearing liabilities			11,367,839			13,755		0.49				10,910,421			11,959		0.43
Non-interest bearing liabilities
Non-interest bearing deposits			4,155,894									4,149,978
Other liabilities			121,362									116,023
Total liabilities			15,645,095									15,176,422
Shareholders' equity			2,747,980									2,738,305
Total liabilities and shareholders' equity		$	18,393,075								$	17,914,727
Net interest spread								3.06	%								3.29	%
Net interest income and margin - FTE					$	132,886		3.21						$	140,756		3.42

Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
		Three Months Ended
		March 31, 2022									March 31, 2021
(Dollars in thousands)		Average Balance			Income/ Expense			Yield/ Rate			Average Balance			Income/ Expense			Yield/ Rate
ASSETS
Earning assets
Interest-bearing balances due from banks		$	3,497,894		$	1,673		0.19	%		$	1,610,463		$	410		0.10	%
Federal funds sold			1,751			1		0.23				119			-		-
Investment securities - taxable			2,486,401			9,080		1.48				1,637,061			6,253		1.55
Investment securities - non-taxable - FTE			850,722			6,284		3.00				848,158			6,700		3.20
Loans receivable - FTE			9,937,993			129,603		5.29				11,023,139			151,109		5.56
Total interest-earning assets			16,774,761			146,641		3.55				15,118,940			164,472		4.41
Non-earning assets			1,618,314									1,599,950
Total assets		$	18,393,075								$	16,718,890
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts		$	9,363,793		$	3,873		0.17	%		$	8,338,791		$	4,716		0.23	%
Time deposits			854,593			1,021		0.48				1,209,431			2,989		1.00
Total interest-bearing deposits			10,218,386			4,894		0.19				9,548,222			7,705		0.33
Securities sold under agreement to repurchase			137,565			108		0.32				159,697			190		0.48
FHLB borrowed funds			400,000			1,875		1.90				400,000			1,875		1.90
Subordinated debentures			611,888			6,878		4.56				370,421			4,793		5.25
Total interest-bearing liabilities			11,367,839			13,755		0.49				10,478,340			14,563		0.56
Non-interest bearing liabilities
Non-interest bearing deposits			4,155,894									3,480,050
Other liabilities			121,362									134,882
Total liabilities			15,645,095									14,093,272
Shareholders' equity			2,747,980									2,625,618
Total liabilities and shareholders' equity		$	18,393,075								$	16,718,890
Net interest spread								3.06	%								3.85	%
Net interest income and margin - FTE					$	132,886		3.21						$	149,909		4.02

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
		Quarter Ended																				Three Months Ended
(Dollars and shares in thousands, except per share data)		Mar. 31, 2022				Dec. 31, 2021				Sep. 30, 2021				Jun. 30, 2021				Mar. 31, 2021				Mar. 31, 2022				Mar. 31, 2021
EARNINGS, AS ADJUSTED
GAAP net income available to common shareholders (A)		$	64,892			$	73,357			$	74,992			$	79,070			$	91,602			$	64,892			$	91,602
Pre-tax adjustments
Fair value adjustment for marketable securities			(2,125	)			(85	)			(61	)			(1,250	)			(5,782	)			(2,125	)			(5,782	)
Special dividend from equity investment			-				-				(2,227	)			(2,200	)			(8,073	)			-				(8,073	)
Gain on securities			-				-				-				-				(219	)			-				(219	)
Recoveries on historic losses			(3,288	)			-				-				-				(5,107	)			(3,288	)			(5,107	)
Merger and acquisition expenses			863				880				1,006				-				-				863				-
Total pre-tax adjustments			(4,550	)			795				(1,282	)			(3,450	)			(19,181	)			(4,550	)			(19,181	)
Tax-effect of adjustments			(1,220	)			188				(587	)			(888	)			(4,937	)			(1,220	)			(4,937	)
Total adjustments after-tax (B)			(3,330	)			607				(695	)			(2,562	)			(14,244	)			(3,330	)			(14,244	)
Earnings, as adjusted (C)		$	61,562			$	73,964			$	74,297			$	76,508			$	77,358			$	61,562			$	77,358
Average diluted shares outstanding (D)			164,196				164,306				164,603				165,226				165,446				164,196				165,446
GAAP diluted earnings per share: (A/D)		$	0.40			$	0.45			$	0.46			$	0.48			$	0.55			$	0.40			$	0.55
Adjustments after-tax: (B/D)			(0.03	)			0.00				(0.01	)			(0.02	)			(0.08	)			(0.03	)			(0.08	)
Diluted earnings per common share, as adjusted, excluding fair value adjustment for marketable securities, special dividend from equity investment, gain on securities, recoveries on historic losses & merger and acquisition expenses: (C/D)		$	0.37			$	0.45			$	0.45			$	0.46			$	0.47			$	0.37			$	0.47
ANNUALIZED RETURN ON AVERAGE ASSETS
Return on average assets: (A/G)			1.43	%			1.62	%			1.68	%			1.81	%			2.22	%			1.43	%			2.22	%
Return on average assets excluding fair value adjustment for marketable securities, special dividend from equity investment, gain on securities, recoveries on historic losses & merger and acquisition expenses: (ROA, as adjusted) ((A+F)/G)			1.36				1.64				1.67				1.75				1.88				1.36				1.88
Return on average assets excluding intangible amortization: ((A+E)/(G-H))			1.54				1.75				1.81				1.95				2.39				1.54				2.39
Return on average assets excluding excess liquidity: (A/(G-I))			1.74				1.96				1.98				2.09				2.42				1.74				2.42
GAAP net income available to common shareholders (A)		$	64,892			$	73,357			$	74,992			$	79,070			$	91,602			$	64,892			$	91,602
Amortization of intangibles (D)			1,421				1,420				1,421				1,421				1,421				1,421				1,421
Amortization of intangibles after-tax (E)			1,049				1,054				1,055				1,055				1,055				1,049				1,055
Adjustments after-tax (F)			(3,330	)			607				(695	)			(2,562	)			(14,244	)			(3,330	)			(14,244	)
Average assets (G)			18,393,075				17,914,727				17,695,226				17,491,359				16,718,890				18,393,075				16,718,890
Average goodwill, core deposits & other intangible assets (H)			997,338				998,760				1,000,175				1,001,598				1,003,011				997,338				1,003,011
Average interest bearing cash balance			3,497,894				3,261,846				2,914,785				2,577,101				1,610,463				3,497,894				1,610,463
Average historical interest bearing cash balance			225,000				225,000				225,000				225,000				225,000				225,000				225,000
Average excess cash balance (I)			3,272,894				3,036,846				2,689,785				2,352,101				1,385,463				3,272,894				1,385,463

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
		Quarter Ended																				Three Months Ended
(Dollars in thousands)		Mar. 31, 2022				Dec. 31, 2021				Sep. 30, 2021				Jun. 30, 2021				Mar. 31, 2021				Mar. 31, 2022				Mar. 31, 2021
ANNUALIZED RETURN ON AVERAGE COMMON EQUITY
Return on average common equity: (A/D)			9.58	%			10.63	%			10.97	%			11.92	%			14.15	%			9.58	%			14.15	%
Return on average common equity excluding fair value adjustment for marketable securities, special dividend from equity investment, gain on securities, recoveries on historic losses & merger and acquisition expenses: (ROE, as adjusted) ((A+C)/D)			9.09				10.72				10.87				11.54				11.95				9.09				11.95
Return on average tangible common equity: (A/(D-E))			15.03				16.73				17.39				19.12				22.90				15.03				22.90
Return on average tangible common equity excluding intangible amortization: (B/(D-E))			15.28				16.97				17.64				19.38				23.16				15.28				23.16
Return on average tangible common equity excluding fair value adjustment for marketable securities, special dividend from equity investment, gain on securities, recoveries on historic losses & merger and acquisition expenses: (ROTCE, as adjusted) ((A+C)/(D-E))			14.26				16.87				17.23				18.50				19.33				14.26				19.33
GAAP net income available to common shareholders (A)		$	64,892			$	73,357			$	74,992			$	79,070			$	91,602			$	64,892			$	91,602
Earnings excluding intangible amortization (B)			65,941				74,411				76,047				80,125				92,657				65,941				92,657
Adjustments after-tax (C)			(3,330	)			607				(695	)			(2,562	)			(14,244	)			(3,330	)			(14,244	)
Average common equity (D)			2,747,980				2,738,305				2,710,953				2,660,147				2,625,618				2,747,980				2,625,618
Average goodwill, core deposits & other intangible assets (E)			997,338				998,760				1,000,175				1,001,598				1,003,011				997,338				1,003,011
EFFICIENCY RATIO & P5NR
Efficiency ratio: ((D-F)/(B+C+E))			46.15	%			43.79	%			42.26	%			41.09	%			36.60	%			46.15	%			36.60	%
Efficiency ratio, as adjusted: ((D-F-H)/(B+C+E-G))			47.33	%			43.48	%			42.29	%			42.07	%			40.68	%			47.33	%			40.68	%
Pre-tax net income to total revenue (net) (A/(B+C))			52.48	%			54.94	%			56.50	%			60.42	%			62.32	%			52.48	%			62.32	%
Pre-tax, pre-provision, net income (PPNR) (B+C-D)		$	84,921			$	93,934			$	98,201			$	99,390			$	120,498			$	84,921			$	120,498
P5NR (Pre-tax, pre-provision, profit percentage) PPNR to total revenue (net)) (B+C-D)/(B+C)			52.48	%			54.94	%			56.50	%			57.66	%			62.32	%			52.48	%			62.32	%
Pre-tax net income (A)		$	84,921			$	93,934			$	98,201			$	104,142			$	120,498			$	84,921			$	120,498
Net interest income (B)			131,148				139,020				144,611				141,252				148,088				131,148				148,088
Non-interest income (C)			30,669				31,964				29,209				31,120				45,276				30,669				45,276
Non-interest expense (D)			76,896				77,050				75,619				72,982				72,866				76,896				72,866
Fully taxable equivalent adjustment (E)			1,738				1,736				1,748				1,774				1,821				1,738				1,821
Amortization of intangibles (F)			1,421				1,420				1,421				1,421				1,421				1,421				1,421
Adjustments:
Non-interest income:
Fair value adjustment for marketable securities		$	2,125			$	85			$	61			$	1,250			$	5,782			$	2,125			$	5,782
Gain on OREO			478				737				246				619				401				478				401
Gain (loss) on branches, equipment and other assets, net			16				(19	)			(34	)			(23	)			(29	)			16				(29	)
Special dividend from equity investment			-				-				2,227				2,200				8,073				-				8,073
Gain on securities			-				-				-				-				219				-				219
Recoveries on historic losses			3,288				-				-				-				5,107				3,288				5,107
Total non-interest income adjustments (G)		$	5,907			$	803			$	2,500			$	4,046			$	19,553			$	5,907			$	19,553
Non-interest expense:
Merger and acquisition expenses			863				880				1,006				-				-				863				-
Total non-interest expense adjustments (H)		$	863			$	880			$	1,006			$	-			$	-			$	863			$	-

Home BancShares, Inc.
Non-GAAP Reconciliations
(Unaudited)
		Quarter Ended																				Three Months Ended
(Dollars in thousands)		Mar. 31, 2022				Dec. 31, 2021				Sep. 30, 2021				Jun. 30, 2021				Mar. 31, 2021				Mar. 31, 2022				Mar. 31, 2021
ANNUALIZED NET INTEREST MARGIN
Net interest margin: (A/C)			3.21	%			3.42	%			3.60	%			3.61	%			4.02	%			3.21	%			4.02	%
Net interest margin, excluding PPP loans:(B/D)			3.17				3.32				3.43				3.54				3.86				3.17				3.86
Net interest income - FTE (A)		$	132,886			$	140,756			$	146,359			$	143,026			$	149,909			$	132,886			$	149,909
PPP loan interest & discount accretion income			2,196				5,786				10,162				7,802				11,878				2,196				11,878
Net interest income - FTE, excluding PPP loans (B)		$	130,690			$	134,970			$	136,197			$	135,224			$	138,031			$	130,690			$	138,031
Average interest-earning assets (C)		$	16,774,761			$	16,308,722			$	16,110,526			$	15,892,519			$	15,118,940			$	16,774,761			$	15,118,940
Average PPP loans			78,008				162,969				371,523				581,371				633,790				78,008				633,790
Average interest-earning assets, excluding PPP loans (D)		$	16,696,753			$	16,145,753			$	15,739,003			$	15,311,148			$	14,485,150			$	16,696,753			$	14,485,150
		Quarter Ended
		Mar. 31, 2022				Dec. 31, 2021				Sep. 30, 2021				Jun. 30, 2021				Mar. 31, 2021
TANGIBLE BOOK VALUE PER COMMON SHARE
Book value per common share: (A/B)		$	16.41			$	16.90			$	16.68			$	16.39			$	16.02
Tangible book value per common share: ((A-C-D)/B)			10.32				10.80				10.59				10.31				9.95
Total stockholders' equity (A)		$	2,686,703			$	2,765,721			$	2,736,062			$	2,696,189			$	2,645,204
End of period common shares outstanding (B)			163,758				163,699				164,008				164,488				165,141
Goodwill (C)			973,025				973,025				973,025				973,025				973,025
Core deposit and other intangibles (D)			23,624				25,045				26,466				27,886				29,307
TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS
Equity to assets: (B/A)			14.43	%			15.32	%			15.40	%			15.30	%			15.34	%
Tangible common equity to tangible assets: ((B-C-D)/(A-C-D))			9.59				10.36				10.36				10.20				10.12
Total assets (A)		$	18,617,995			$	18,052,138			$	17,765,056			$	17,627,192			$	17,240,241
Total stockholders' equity (B)			2,686,703				2,765,721				2,736,062				2,696,189				2,645,204
Goodwill (C)			973,025				973,025				973,025				973,025				973,025
Core deposit and other intangibles (D)			23,624				25,045				26,466				27,886				29,307

 

FAQ

What were Home BancShares' Q1 2022 earnings?

Home BancShares reported a net income of $64.9 million with diluted earnings per share of $0.40 for Q1 2022.

How did Home BancShares perform in terms of total revenue?

The total revenue for Home BancShares in Q1 2022 was $161.8 million, down from $171.0 million in Q4 2021.

What is Home BancShares' net interest margin for Q1 2022?

The net interest margin for Home BancShares in Q1 2022 was 3.21%, a decline from 3.42% in the previous quarter.

What was the total asset value of Home BancShares as of March 31, 2022?

As of March 31, 2022, Home BancShares had total assets valued at $18.62 billion.

What changes occurred in Home BancShares' stockholders' equity in Q1 2022?

Home BancShares' stockholders' equity decreased by $79 million in Q1 2022.