Home Bancshares Inc

Latest Results (14.05.2026):

Home BancShares, Inc. (Centennial Bank) reported results for the first quarter of 2026 (Q1 2026). The company delivered stable earnings with net income of $118.2 million (diluted EPS $0.60), PPNR of ~$152.7 million, and record book value per share of $22.15 and tangible book value per share of $14.87, while showing resilient returns (ROA 2.09%, ROE 11.09%) amid modest revenue moderation and rising non-performing assets.

Earnings

Net income for Q1 2026 was $118.2 million, or $0.60 diluted EPS; net income, as adjusted (non‑GAAP), was also $118.2 million ($0.60 per share).

Revenue & Margins

Total revenue (net) was $266.7 million in Q1 2026 (up 2.5% year over year). Net interest margin (FTE) was 4.51% in Q1 2026, down from 4.61% in Q4 2025.

Net Interest Income

Net interest income (FTE) was $226.6 million for the quarter. Net interest income after credit loss expense increased $6.2 million sequentially and $8.7 million year over year, supported by balance sheet management and lower interest expense ($87.1 million).

Profitability & Efficiency

PPNR (pre‑tax, pre‑provision) was $152.7 million (up ~3.8% YoY). Efficiency ratio was 41.6% (41.99% as adjusted). Annualized ROA was 2.09% and ROE 11.09% for Q1 2026.

Credit Quality

Non‑performing loans rose to $182.1 million (1.16% of loans) and total non‑performing assets to $224.1 million (0.97% of assets), driven primarily by one loan placed on non‑accrual with a $92.1 million balance. Allowance for credit losses remained $297.6 million (1.90% of total loans); allowance coverage of non‑performing loans fell to 163.4% from 350.2% at year‑end.

Balance Sheet & Liquidity

Total assets were $23.20 billion at March 31, 2026. Total loans were $15.63 billion (down $52.6 million in the quarter) and total deposits increased to $17.74 billion. Capital ratios remained strong: Common Equity Tier 1 at 16.7% and total risk‑based capital at 19.5%.

Shareholder Returns

Home repurchased 507,622 shares in Q1 2026 for $13.9 million (buyback yield 0.25%) and paid a cash dividend of $0.21 per share (consistent with Q4 2025).

Disciplined Expenses & Non‑Interest Income

Non‑interest expense was $114.0 million with controlled components (salaries $63.2M). Non‑interest income normalized to $42.8 million, lower than prior quarters due to fewer non‑recurring items.

Recent M&A

Post-quarter, on April 1, 2026 Home completed the acquisition of Mountain Commerce Bancorp, issuing ~5.4 million shares valued at approximately $146 million (no cash consideration other than fractional‑share cashouts).