HOMBMEDIUM SIGNALFINANCIAL10-K

HOMB shows improved profitability with an 18% increase in net income alongside a substantial reduction in credit loss provisions, while maintaining a more disciplined capital expenditure approach.

The meaningful decline in credit loss provisions suggests improving asset quality and a more favorable credit environment, directly contributing to stronger bottom-line performance. The company appears to be managing capital allocation more conservatively while maintaining solid profitability growth.

Comparing 2026-02-27 vs 2025-02-27View on EDGAR →
FINANCIAL ANALYSIS

HOMB delivered solid financial performance with net income growing 18% to $475.4M, supported by credit loss provisions declining substantially to $1.3M from $4.3M in the prior year. Operating cash flow moderated by 13% to $399.3M while capital expenditures were reduced by 42% to $22.3M, indicating disciplined spending. The company's cash position decreased by 27% to $667.3M, likely reflecting strategic deployment of capital, though the overall financial picture suggests improved credit quality and profitable growth.

FINANCIAL STATEMENT CHANGES
Provision for Credit Losses
P&L
-69.3%
$4.3M$1.3M

Provisions reduced 69.3% — improving credit quality or reserve release boosting reported earnings.

Capital Expenditure
Cash Flow
-42.2%
$38.5M$22.3M

Capex reduced 42.2% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Cash & Equivalents
Balance Sheet
-26.7%
$910.3M$667.3M

Cash decreased 26.7% — monitor burn rate and upcoming capital needs.

Net Income
P&L
+18.2%
$402.2M$475.4M

Net income grew 18.2% — bottom-line growth signals improving overall business health.

Operating Cash Flow
Cash Flow
-13.3%
$460.6M$399.3M

Operating cash flow softened — monitor whether temporary working capital timing or structural deterioration.

LANGUAGE CHANGES
NEW — 2026-02-27
PRIOR — 2025-02-27
ADDED
Common Stock Issued and Outstanding: 196,634,178 shares as of February 26, 2026.
Management s Discussion and Analysis of Financial Condition and Results of Operation 4 0 -8 6 Item 7A.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 149 Item 9A.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 150 Item 13.
Forward-looking statements relate to expectations, beliefs, projections, future financial performance, future plans and strategies, and anticipated events or trends, and include statements about the competitiveness of the banking industry, potential regulatory obligations, our entrance and expansion into other markets, including through our anticipated acquisition of Mountain Commerce Bancorp, Inc.
( MCBI ) or other potential acquisitions, our other business strategies and other statements that are not historical facts.
ADDITIONAL INFORMATION AND WHERE TO FIND IT This Annual Report does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to our proposed business combination transaction with MCBI.
In connection with the proposed acquisition, we have filed with the Securities and Exchange Commission (the SEC ) a Registration Statement on Form S-4 (the Registration Statement ) to register the shares of our common stock to be issued to shareholders of MCBI in connection with the transaction.
The Registration Statement includes a Proxy Statement of MCBI and a Prospectus of Home BancShares, as well as other relevant materials regarding the proposed merger transaction involving Home and MCBI.
Investors and security holders may obtain free copies of these documents and other documents filed with the SEC on the SEC s website at http://www.sec.gov.
REMOVED
Common Stock Issued and Outstanding: 198,550,689 shares as of February 24, 2025.
Management s Discussion and Analysis of Financial Condition and Results of Operation 40 -87 Item 7A.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 15 2 Item 9A.
Disclosure Regarding Foreign Ju risdictions That P revent Inspections 15 3 PART III: Item 10.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 15 3 Item 13.
Forward-looking statements relate to expectations, beliefs, projections, future financial performance, future plans and strategies, and anticipated events or trends, and include statements about the competitiveness of the banking industry, potential regulatory obligations, our entrance and expansion into other markets, including through potential acquisitions, our other business strategies and other statements that are not historical facts.
( Home BancShares ) which may also be referred to in this document as we, us, HBI or the Company ) is a Conway, Arkansas headquartered bank holding company registered under the federal Bank Holding Company Act of 1956.
Although the Company has a diversified loan portfolio, at December 31, 2024 and 2023, commercial real estate loans represented 57.6% and 56.7% of gross loans and 214.6% and 215.5% of total stockholders equity, respectively.
The Company s total assets, total deposits, total revenue and net income for each of the past three years are as follows: December 31, 2024 2023 2022 (In thousands) Total assets $ 22,490,748 $ 22,656,658 $ 22,883,588 Total deposits 17,146,297 16,787,711 17,938,783 Total revenue (net interest income plus non-interest income) 1,017,348 996,879 933,787 Net income 402,241 392,929 305,262 Home BancShares acquires, organizes and invests in community banks that serve attractive markets.
Centennial CFG operates out of our New York City branch office and loan production offices in Los Angeles, California, Dallas, Texas and Miami, Florida.
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