HOME BANCSHARES INC
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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Item 6. Selected Financial Data
Summary Consolidated Financial Data
| As of or for the Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (Dollars and shares in thousands, except per share data) | |||
| Income statement data: | |||
| Total interest income | $1,278,820 | $1,299,777 | $1,175,053 |
| Total interest expense | 386,460 | 451,003 | 348,108 |
| Net interest income | 892,360 | 848,774 | 826,945 |
| Provision for credit losses | 20,905 | 48,070 | 12,133 |
| Net interest income after provision for credit losses | 871,455 | 800,704 | 814,812 |
| Non-interest income | 198,509 | 168,574 | 169,934 |
| Non-interest expense | 458,169 | 446,936 | 472,863 |
| Income before income taxes | 611,795 | 522,342 | 511,883 |
| Income tax expense | 136,354 | 120,101 | 118,954 |
| Net income | $475,441 | $402,241 | $392,929 |
| Per share data: | |||
| Basic earnings per common share | $2.41 | $2.01 | $1.94 |
| Diluted earnings per common share | 2.41 | 2.01 | 1.94 |
| Book value per common share | 21.88 | 19.92 | 18.81 |
| Tangible book value per common share (non-GAAP)(1)(2) | 14.60 | 12.68 | 11.63 |
| Dividends – common | 0.805 | 0.75 | 0.72 |
| Average common shares outstanding | 197,448 | 199,939 | 202,627 |
| Average diluted shares outstanding | 197,651 | 200,069 | 202,773 |
| Performance ratios: | |||
| Return on average assets | 2.10% | 1.77% | 1.77% |
| Return on average assets excluding intangible amortization (non-GAAP)(3) | 2.26 | 1.92 | 1.93 |
| Return on average common equity | 11.61 | 10.43 | 10.82 |
| Return on average tangible common equity excluding intangible amortization (non-GAAP)(1)(4) | 18.10 | 16.92 | 18.36 |
| Net interest margin(5) | 4.51 | 4.27 | 4.25 |
| Efficiency ratio | 40.88 | 42.74 | 46.21 |
| Efficiency ratio, as adjusted (non-GAAP)(6) | 41.29 | 42.65 | 45.24 |
| Asset quality: | |||
| Non-performing assets to total assets | 0.55 | 0.63 | 0.42 |
| Non-performing loans to total loans | 0.54 | 0.67 | 0.44 |
| Allowance for credit losses to non-performing loans | 350.17 | 278.99 | 449.66 |
| Allowance for credit losses to total loans | 1.90 | 1.87 | 2.00 |
| Net charge-offs to average total loans | 0.02 | 0.41 | 0.09 |
Summary Consolidated Financial Data – Continued
| As of the Years Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (Dollars and shares in thousands, except per share data) | ||
| Balance sheet data (period end): | ||
| Total assets | $22,881,879 | $22,490,748 |
| Investment securities – available-for-sale | 2,871,931 | 3,072,639 |
| Investment securities – held-to-maturity | 1,259,262 | 1,275,204 |
| Loans receivable | 15,686,209 | 14,764,500 |
| Allowance for credit losses | (297,583) | (275,880) |
| Intangible assets | 1,430,546 | 1,438,580 |
| Non-interest-bearing deposits | 3,868,405 | 4,006,115 |
| Total deposits | 17,479,957 | 17,146,297 |
| Subordinated debentures | 279,265 | 439,246 |
| Stockholders' equity | 4,296,871 | 3,961,025 |
| Capital ratios: | ||
| Common equity to assets | 18.78% | 17.61% |
| Tangible common equity to tangible assets (non-GAAP)(1)(7) | 13.36 | 11.98 |
| Common equity Tier 1 capital | 16.30 | 15.11 |
| Tier 1 leverage ratio(8) | 14.09 | 13.05 |
| Tier 1 risk-based capital ratio | 16.30 | 15.11 |
| Total risk-based capital ratio | 19.06 | 18.74 |
| Dividend payout - common | 33.43 | 37.29 |
(1)Tangible calculations eliminate the effect of goodwill and acquisition-related intangible assets and the corresponding amortization expense on a tax-effected basis.
(2)See “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Table 31,” for the non-GAAP tabular reconciliation.
(3)See “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Table 32,” for the non-GAAP tabular reconciliation.
(4)See “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Table 33,” for the non-GAAP tabular reconciliation.
(5)Fully taxable equivalent (assuming an income tax rate of 24.989% for 2023, 24.433% for 2024 and 24.359% for 2025).
(6)See “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Table 35,” for the non-GAAP tabular reconciliation.
(7)See “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Table 34,” for the non-GAAP tabular reconciliation.
(8)Leverage ratio is Tier 1 capital to quarterly average total assets less intangible assets and gross unrealized gains/losses on available-for-sale investment securities.
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