Home BancShares, Inc.

CONWAY, Ark., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) (“Home” or the “Company”), parent company of Centennial Bank, released quarterly earnings today.

Quarterly Highlights Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Net income $100.6 million $100.0 million $101.5 million $100.1 million $86.2 million Net income, as adjusted (non-GAAP)(1) $99.8 million $99.0 million $103.9 million $99.2 million $92.2 million Total revenue (net) $258.4 million $258.0 million $254.6 million $246.4 million $245.6 million Income before income taxes $129.5 million $129.1 million $133.4 million $130.4 million $112.8 million Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1) $146.2 million $148.0 million $141.4 million $134.9 million $118.4 million PPNR, as adjusted (non-GAAP)(1) $145.2 million $146.6 million $141.9 million $133.7 million $126.4 million Pre-tax net income to total revenue (net) 50.11% 50.03% 52.40% 52.92% 45.92% Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1) 49.74% 49.49% 52.59% 52.45% 49.16% P5NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1) 56.57% 57.35% 55.54% 54.75% 48.22% P5NR, as adjusted (non-GAAP)(1) 56.20% 56.81% 55.73% 54.28% 51.46% ROA 1.77% 1.74% 1.79% 1.78% 1.55% ROA, as adjusted (non-GAAP)(1) 1.76% 1.72% 1.83% 1.76% 1.66% NIM 4.39% 4.28% 4.27% 4.13% 4.17% Purchase accounting accretion $1.6 million $1.9 million $1.9 million $2.8 million $2.3 million ROE 10.13% 10.23% 10.73% 10.64% 9.36% ROE, as adjusted (non-GAAP)(1) 10.05% 10.12% 10.98% 10.54% 10.00% ROTCE (non-GAAP)(1) 15.94% 16.26% 17.29% 17.22% 15.49% ROTCE, as adjusted (non-GAAP)(1) 15.82% 16.09% 17.69% 17.07% 16.56% Diluted earnings per share $0.51 $0.50 $0.51 $0.50 $0.43 Diluted earnings per share, as adjusted (non-GAAP)(1) $0.50 $0.50 $0.52 $0.49 $0.46 Non-performing assets to total assets 0.63% 0.63% 0.56% 0.48% 0.42% Common equity tier 1 capital 15.1% 14.7% 14.4% 14.3% 14.2% Leverage 13.0% 12.5% 12.3% 12.3% 12.4% Tier 1 capital 15.1% 14.7% 14.4% 14.3% 14.2% Total risk-based capital 18.7% 18.3% 18.0% 17.9% 17.8% Allowance for credit losses to total loans 1.87% 2.11% 2.00% 2.00% 2.00% Book value per share $19.92 $19.91 $19.30 $18.98 $18.81 Tangible book value per share (non-GAAP)(1) 12.68 12.67 12.08 11.79 11.63

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

“The fourth quarter was a strong finish to 2024, pushing us across the finish line to our first $400 million year in earnings. I’m always proud of the strength of our company, but I’m especially proud of a quarter where margin is up, legacy loans are up, deposits are up, revenue is up, earnings are up, and we managed to swallow an asset quality cleanup that began with legacy loans from Happy Bank and led to a company-wide cleanup. Our strong balance sheet, capital and loan loss reserve allowed us to make a proactive cleanup that puts this in the rear-view mirror for HOMB and sets us up for an even greater year in 2025,” said John Allison, Chairman and CEO of HOMB.

Story Continues

Operating Highlights

Net income for the three-month period ended December 31, 2024 was $100.6 million, or $0.51 diluted earnings per share. When adjusting for non-fundamental items, net income and diluted earnings per share on an as-adjusted basis (non-GAAP), were $99.8 million(1) and $0.50 per share(1), respectively, for the three months ended December 31, 2024.

During the quarter ended December 31, 2024, the Company recorded an additional $16.7 million in credit loss expense as a result of Hurricanes Helene and Milton. This provision, along with the $16.7 million provision recorded during the third quarter of 2024, brings our total hurricane reserve to $33.4 million. The two hurricanes spanned across the third and fourth quarters, and the amount of time it takes for customers to settle with insurance will no doubt increase, with two back-to-back events. As of December 31, 2024, the Company had $110.9 million in loans on deferral as a result of the two hurricanes. No additional provision for credit losses on loans was recorded for the quarter ended December 31, 2024, as the current level of reserves was considered adequate for the loan portfolio.

Our net interest margin was 4.39% for the three-month period ended December 31, 2024, compared to 4.28% for the three-month period ended September 30, 2024. The yield on loans was 7.49% and 7.60% for the three months ended December 31, 2024 and September 30, 2024, respectively, as average loans increased from $14.76 billion to $14.80 billion. Additionally, the rate on interest bearing deposits decreased to 2.80% as of December 31, 2024, from 3.02% as of September 30, 2024, while average interest-bearing deposits decreased from $12.87 billion to $12.86 billion.

During the fourth quarter of 2024, the Company paid off its $700.0 million advance from the Federal Reserve’s Bank Term Funding Program (“BTFP”). This improved the net interest margin by six basis points. In addition, during the fourth quarter of 2024, there was $1.5 million of event interest income compared to $573,000 of event interest income for the third quarter of 2024. This was accretive to the margin by two basis points.

Purchase accounting accretion on acquired loans was $1.6 million and $1.9 million for the three-month periods ended December 31, 2024 and September 30, 2024, respectively, and average purchase accounting loan discounts were $19.1 million and $20.8 million for the three-month periods ended December 31, 2024 and September 30, 2024, respectively.

Net interest income on a fully taxable equivalent basis was $219.5 million for the three-month period ended December 31, 2024, and $217.8 million for the three-month period ended September 30, 2024. This increase in net interest income for the three-month period ended December 31, 2024, was the result of a $12.1 million decrease in interest expense, partially offset by a $10.3 million decrease in interest income. The $12.1 million decrease in interest expense was due to a $7.2 million decrease in interest expense on deposits and a $4.8 million decrease in FHLB and other borrowed funds resulting from the payoff of the BTFP advance. The $10.3 million decrease in interest income was primarily the result of a $4.5 million decrease in income from deposits with other banks resulting from the payoff of the BTFP advance and the declining interest rate environment. In addition loan interest income decreased by $3.6 million and investment income decreased by $2.3 million. The overall decrease in interest income and interest expense is primarily due to the declining interest rate environment as well as the reduction in the average interest earning assets and liabilities.

The Company reported $41.2 million of non-interest income for the fourth quarter of 2024. The most important components of fourth quarter non-interest income were $11.7 million from other service charges and fees, $9.9 million from service charges on deposit accounts, $8.4 million from other income, $4.5 million from trust fees, $3.5 million in mortgage lending income, $2.8 million from dividends from FHLB, FRB, FNBB and other, $1.2 million from the increase in cash value of life insurance and $850,000 from the fair value adjustment for marketable securities. This was partially offset by a $2.4 million loss on OREO.

Non-interest expense for the fourth quarter of 2024 was $112.2 million. The most important components of non-interest expense were $60.8 million from salaries and employee benefits, $27.5 million in other operating expense, $14.5 million in occupancy and equipment expenses and $9.3 million in data processing expenses. For the fourth quarter of 2024, our efficiency ratio was 42.24%, and our efficiency ratio, as adjusted (non-GAAP), was 42.00%(1).

Financial Condition

Total loans receivable were $14.76 billion at December 31, 2024, compared to $14.82 billion at September 30, 2024. Total deposits were $17.15 billion at December 31, 2024, compared to $16.71 billion at September 30, 2024. Total assets were $22.49 billion at December 31, 2024, compared to $22.82 billion at September 30, 2024.

During the fourth quarter of 2024, the Company had a $59.5 million decline in loans. Our community banking footprint experienced $121.1 million in organic loan growth during the quarter ended December 31, 2024, and Centennial CFG experienced $180.4 million of organic loan decline and had loans of $1.82 billion at December 31, 2024.

Non-performing loans to total loans were 0.67% and 0.68% at December 31, 2024 and September 30, 2024, respectively. Non-performing assets to total assets were 0.63% at both December 31, 2024 and September 30, 2024. Net charge-offs were $53.4 million and $1.5 million for the three months ended December 31, 2024 and September 30, 2024, respectively. As previously noted, during the fourth quarter of 2024, the Company completed an asset quality cleanup project. The charge-off detail by region for the fourth quarter of 2024 can be seen below.

(in thousands) Texas  Arkansas  Centennial 
CFG  Shore 
Premier 
Finance  Florida  Alabama  Total Charge-off $ 47,774   $ 2,108   $ 1,973   $ 1,457   $ 637   $ 10   $ 53,959  Recovery  174    181    —    15    193    2    565  Net charge-offs $ 47,600   $ 1,927   $ 1,973   $ 1,442   $ 444   $ 8   $ 53,394  Percentage of total  89.1 %   3.6 %   3.7 %   2.7 %   0.8 %   — %   100.0 %

Non-performing loans at December 31, 2024 were $98.9 million, and non-performing assets at December 31, 2024 were $142.4 million. The detail by region can be seen below.

(in thousands) Texas  Arkansas  Centennial 
CFG  Shore 
Premier 
Finance  Florida  Alabama  Total Non-accrual loans  23,494    18,448    7,390    5,537    38,778    206    93,853  Loans 90+ days past due  4,134    538    —    —    362    —    5,034  Total non-performing loans  27,628    18,986    7,390    5,537    39,140    206    98,887   Foreclosed assets held for sale  13,924    757    22,775    —    5,951    —    43,407  Other non-performing assets  63    —    —    —    —    —    63  Total other non-performing assets  13,987    757    22,775    —    5,951    —    43,470  Total non-performing assets  41,615    19,743    30,165    5,537    45,091    206    142,357

The Company’s allowance for credit losses on loans was $275.9 million at December 31, 2024, or 1.87% of total loans, compared to the allowance for credit losses on loans of $312.6 million, or 2.11% of total loans, at September 30, 2024. As of December 31, 2024 and September 30, 2024, the Company’s allowance for credit losses on loans was 278.99% and 309.16% of its total non-performing loans, respectively. The reduction in the allowance for credit losses reflects the net charge-offs during the quarter as a result of the asset quality cleanup project, partially offset by the additional hurricane provision.

Stockholders’ equity was $3.96 billion at December 31, 2024, which increased approximately $1.2 million from September 30, 2024. The net increase in stockholders’ equity is primarily associated with the $61.8 million increase in retained earnings and $694,000 increase in capital surplus, which was partially offset by the $61.2 million increase in accumulated other comprehensive loss. Book value per common share was $19.92 at December 31, 2024, compared to $19.91 at September 30, 2024. Tangible book value per common share (non-GAAP) was $12.68(1) at December 31, 2024, compared to $12.67(1) at September 30, 2024.

Branches

The Company currently has 76 branches in Arkansas, 78 branches in Florida, 58 branches in Texas, 5 branches in Alabama and one branch in New York City.

Conference Call

Management will conduct a conference call to review this information at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, January 16, 2025. 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/494803967. 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://whttps://www.netroadshow.com/events/login?show=17d9ca49&confId=75610. 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 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 1-833-470-1428, Passcode: 107042. A replay of the call will be available by calling 1-866-813-9403, Passcode: 637168, which will be available until January 23, 2025, 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); PPNR, as adjusted; pre-tax net income, as adjusted, to total revenue (net); pre-tax, pre-provision, profit percentage; pre-tax, pre-provision, profit percentage, as adjusted; diluted earnings per common share, as adjusted; return on average assets, as adjusted; return on average assets excluding intangible amortization; return on average assets, as adjusted, excluding intangible amortization; return on average common equity, as adjusted; return on average tangible common equity; return on average tangible common equity, as adjusted; return on average tangible common equity excluding intangible amortization; return on average tangible common equity, as adjusted, excluding intangible amortization; efficiency ratio, as adjusted; 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 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.

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

General

This release contains forward-looking statements regarding the Company’s plans, expectations, goals and outlook for the future, including future financial results. 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 or phrases 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 risks 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, including the ongoing impacts of inflation; the ability to identify, complete and successfully integrate new acquisitions; the risk that expected cost savings and other benefits from acquisitions may not be fully realized or may take longer to realize than expected; diversion of management time on acquisition-related issues; the availability of and access to capital and liquidity on terms acceptable to us; legislative and regulatory changes and risks and expenses associated with current and future legislation and regulations; technological changes and cybersecurity risks and incidents; the effects of changes in accounting policies and practices; changes in governmental monetary and fiscal policies; political instability, military conflicts and other major domestic or international events; the impacts of recent or future adverse weather events, including hurricanes, and other natural disasters; disruptions, uncertainties and related effects on credit quality, liquidity and other aspects of our business and operations that may result from any future public health crises; competition from other financial institutions; potential claims, expenses and other adverse effects related to current or future litigation, regulatory examinations or other government actions; potential increases in deposit insurance assessments, increased regulatory scrutiny or market disruptions resulting from financial challenges in the banking industry; 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, 2023, filed with the SEC on February 26, 2024.

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)  Dec. 31, 2024  Sep. 30, 2024  Jun. 30, 2024  Mar. 31, 2024  Dec. 31, 2023 ASSETS  Cash and due from banks  $ 281,063   $ 265,408   $ 229,209   $ 205,262   $ 226,363  Interest-bearing deposits with other banks   629,284    752,269    829,507    969,996    773,850  Cash and cash equivalents   910,347    1,017,677    1,058,716    1,175,258    1,000,213  Federal funds sold   3,725    6,425    —    5,200    5,100  Investment securities - available-for-sale, net of allowance for credit losses   3,072,639    3,270,620    3,344,539    3,400,884    3,507,841  Investment securities - held-to-maturity, net of allowance for credit losses   1,275,204    1,277,090    1,278,853    1,280,586    1,281,982  Total investment securities   4,347,843    4,547,710    4,623,392    4,681,470    4,789,823  Loans receivable   14,764,500    14,823,979    14,781,457    14,513,673    14,424,728  Allowance for credit losses   (275,880 )   (312,574 )   (295,856 )   (290,294 )   (288,234 ) Loans receivable, net   14,488,620    14,511,405    14,485,601    14,223,379    14,136,494  Bank premises and equipment, net   386,322    388,776    383,691    389,618    393,300  Foreclosed assets held for sale   43,407    43,040    41,347    30,650    30,486  Cash value of life insurance   219,786    219,353    218,198    215,424    214,516  Accrued interest receivable   120,129    118,871    120,984    119,029    118,966  Deferred tax asset, net   186,697    176,629    195,041    202,882    197,164  Goodwill   1,398,253    1,398,253    1,398,253    1,398,253    1,398,253  Core deposit intangible   40,327    42,395    44,490    46,630    48,770  Other assets   345,292    352,583    350,192    347,928    323,573  Total assets  $ 22,490,748   $ 22,823,117   $ 22,919,905   $ 22,835,721   $ 22,656,658   LIABILITIES AND STOCKHOLDERS' EQUITY  Liabilities  Deposits:  Demand and non-interest-bearing  $ 4,006,115   $ 3,937,168   $ 4,068,302   $ 4,115,603   $ 4,085,501  Savings and interest-bearing transaction accounts   11,347,850    10,966,426    11,150,516    11,047,258    11,050,347  Time deposits   1,792,332    1,802,116    1,736,985    1,703,269    1,651,863  Total deposits   17,146,297    16,705,710    16,955,803    16,866,130    16,787,711  Securities sold under agreements to repurchase   162,350    179,416    137,996    176,107    142,085  FHLB and other borrowed funds   600,750    1,300,750    1,301,050    1,301,050    1,301,300  Accrued interest payable and other liabilities   181,080    238,058    230,011    241,345    194,653  Subordinated debentures   439,246    439,394    439,542    439,688    439,834  Total liabilities   18,529,723    18,863,328    19,064,402    19,024,320    18,865,583   Stockholders' equity  Common stock   1,989    1,989    1,997    2,008    2,015  Capital surplus   2,272,794    2,272,100    2,295,893    2,326,824    2,348,023  Retained earnings   1,942,350    1,880,562    1,819,412    1,753,994    1,690,112  Accumulated other comprehensive loss   (256,108 )   (194,862 )   (261,799 )   (271,425 )   (249,075 ) Total stockholders' equity   3,961,025    3,959,789    3,855,503    3,811,401    3,791,075  Total liabilities and stockholders' equity  $ 22,490,748   $ 22,823,117   $ 22,919,905   $ 22,835,721   $ 22,656,658

Home BancShares, Inc.  Consolidated Statements of Income  (Unaudited)   Quarter Ended   Year Ended (In thousands)  Dec. 31, 2024  Sep. 30, 2024  Jun. 30, 2024  Mar. 31, 2024  Dec. 31, 2023  Dec. 31, 2024  Dec. 31, 2023 Interest income:  Loans  $ 278,409   $ 281,977   $ 274,324   $ 265,294   $ 260,003   $ 1,100,004   $ 989,616  Investment securities  Taxable   28,943    31,006    32,587    33,229    34,016    125,765    138,575  Tax-exempt   7,704    7,704    7,769    7,803    7,855    30,980    31,618  Deposits - other banks   7,585    12,096    12,564    10,528    4,281    42,773    15,023  Federal funds sold   73    62    59    61    65    255    221  Total interest income   322,714    332,845    327,303    316,915    306,220    1,299,777    1,175,053  Interest expense:  Interest on deposits   90,564    97,785    95,741    92,548    87,971    376,638    295,978  Federal funds purchased   —    1    —    —    —    1    3  FHLB and other borrowed funds   9,541    14,383    14,255    14,276    9,878    52,455    30,825  Securities sold under agreements to repurchase   1,346    1,335    1,363    1,404    1,480    5,448    4,813  Subordinated debentures   4,121    4,121    4,122    4,097    4,121    16,461    16,489  Total interest expense   105,572    117,625    115,481    112,325    103,450    451,003    348,108  Net interest income   217,142    215,220    211,822    204,590    202,770    848,774    826,945  Provision for credit losses on loans   16,700    18,200    8,000    5,500    5,650    48,400    11,950  Provision for (recovery of) credit losses on unfunded commitments   —    1,000    —    (1,000 )   —    —    (1,500 ) (Recovery of) provision for credit losses on investment securities   —    (330 )   —    —    —    (330 )   1,683  Total credit loss expense   16,700    18,870    8,000    4,500    5,650    48,070    12,133  Net interest income after credit loss expense   200,442    196,350    203,822    200,090    197,120    800,704    814,812  Non-interest income:  Service charges on deposit accounts   9,935    9,888    9,714    9,686    10,072    39,223    39,207  Other service charges and fees   11,651    10,490    10,679    10,189    10,422    43,009    44,188  Trust fees   4,526    4,403    4,722    5,066    4,316    18,717    17,892  Mortgage lending income   3,518    4,437    4,276    3,558    2,385    15,789    10,738  Insurance commissions   483    595    565    508    480    2,151    2,086  Increase in cash value of life insurance   1,215    1,161    1,279    1,195    1,170    4,850    4,655  Dividends from FHLB, FRB, FNBB & other   2,820    2,637    2,998    3,007    3,010    11,462    11,642  Gain on SBA loans   218    145    56    198    42    617    278  Gain (loss) on branches, equipment and other assets, net   26    32    2,052    (8 )   583    2,102    1,507  (Loss) gain on OREO, net   (2,423 )   85    49    17    13    (2,272 )   332  Fair value adjustment for marketable securities   850    1,392    (274 )   1,003    5,024    2,971    (1,094 ) Other income   8,403    7,514    6,658    7,380    5,331    29,955    38,503  Total non-interest income   41,222    42,779    42,774    41,799    42,848    168,574    169,934  Non-interest expense:  Salaries and employee benefits   60,824    58,861    60,427    60,910    63,430    241,022    256,966  Occupancy and equipment   14,526    14,546    14,408    14,551    14,965    58,031    60,303  Data processing expense   9,324    9,088    8,935    9,147    9,107    36,494    36,329  Other operating expenses   27,536    27,550    29,415    26,888    39,673    111,389    119,265  Total non-interest expense   112,210    110,045    113,185    111,496    127,175    446,936    472,863  Income before income taxes   129,454    129,084    133,411    130,393    112,793    522,342    511,883  Income tax expense   28,890    29,046    31,881    30,284    26,550    120,101    118,954  Net income  $ 100,564   $ 100,038   $ 101,530   $ 100,109   $ 86,243   $ 402,241   $ 392,929

Home BancShares, Inc. Selected Financial Information (Unaudited)  Quarter Ended  Year Ended (Dollars and shares in thousands, except per share data)  Dec. 31, 2024  Sep. 30, 2024  Jun. 30, 2024  Mar. 31, 2024  Dec. 31, 2023  Dec. 31, 2024  Dec. 31, 2023 PER SHARE DATA  Diluted earnings per common share  $ 0.51   $ 0.50   $ 0.51   $ 0.50   $ 0.43   $ 2.01   $ 1.94  Diluted earnings per common share, as adjusted (non-GAAP)(1)    0.50    0.50    0.52    0.49    0.46    2.01    1.97  Basic earnings per common share   0.51    0.50    0.51    0.50    0.43    2.01    1.94  Dividends per share - common   0.195    0.195    0.18    0.18    0.18    0.750    0.72  Book value per common share   19.92    19.91    19.30    18.98    18.81    19.92    18.81  Tangible book value per common share (non-GAAP)(1)   12.68    12.67    12.08    11.79    11.63    12.68    11.63   STOCK INFORMATION  Average common shares outstanding   198,863    199,380    200,319    201,210    201,756    199,939    202,627  Average diluted shares outstanding   198,973    199,461    200,465    201,390    201,891    200,069    202,773  End of period common shares outstanding   198,882    198,879    199,746    200,797    201,526    198,882    201,526   ANNUALIZED PERFORMANCE METRICS  Return on average assets (ROA)   1.77 %   1.74 %   1.79 %   1.78 %   1.55 %   1.77 %   1.77 % Return on average assets, as adjusted: (ROA, as adjusted) (non-GAAP)(1)   1.76 %   1.72 %   1.83 %   1.76 %   1.66 %   1.77 %   1.79 % Return on average assets excluding intangible amortization (non-GAAP)(1)   1.92 %   1.88 %   1.94 %   1.93 %   1.69 %   1.92 %   1.93 % Return on average assets, as adjusted, excluding intangible amortization (non-GAAP)(1)   1.91 %   1.86 %   1.98 %   1.91 %   1.81 %   1.92 %   1.95 % Return on average common equity (ROE)   10.13 %   10.23 %   10.73 %   10.64 %   9.36 %   10.43 %   10.82 % Return on average common equity, as adjusted: (ROE, as adjusted) (non-GAAP)(1)   10.05 %   10.12 %   10.98 %   10.54 %   10.00 %   10.42 %   10.97 % Return on average tangible common equity (ROTCE) (non-GAAP)(1)   15.94 %   16.26 %   17.29 %   17.22 %   15.49 %   16.66 %   18.03 % Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) (non-GAAP)(1)   15.82 %   16.09 %   17.69 %   17.07 %   16.56 %   16.64 %   18.28 % Return on average tangible common equity excluding intangible amortization (non-GAAP)(1)   16.18 %   16.51 %   17.56 %   17.50 %   15.80 %   16.92 %   18.36 % Return on average tangible common equity, as adjusted, excluding intangible amortization (non-GAAP)(1)   16.07 %   16.34 %   17.97 %   17.34 %   16.87 %   16.91 %   18.62 %  (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  Year Ended (Dollars in thousands)  Dec. 31, 2024  Sep. 30, 2024  Jun. 30, 2024  Mar. 31, 2024  Dec. 31, 2023  Dec. 31, 2024  Dec. 31, 2023  Efficiency ratio   42.24 %   41.42 %   43.17 %   44.22 %   50.64 %   42.74 %   46.21 % Efficiency ratio, as adjusted (non-GAAP)(1)   42.00 %   41.66 %   42.59 %   44.43 %   46.43 %   42.65 %   45.24 % Net interest margin - FTE (NIM)   4.39 %   4.28 %   4.27 %   4.13 %   4.17 %   4.27 %   4.25 % Fully taxable equivalent adjustment  $ 2,398   $ 2,616   $ 2,628   $ 892   $ 1,091   $ 8,534   $ 5,506  Total revenue (net)   258,364    257,999    254,596    246,389    245,618    1,017,348    996,879  Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)   146,154    147,954    141,411    134,893    118,443    570,412    524,016  PPNR, as adjusted (non-GAAP)(1)   145,209    146,562    141,886    133,728    126,402    567,385    531,515  Pre-tax net income to total revenue (net)   50.11 %   50.03 %   52.40 %   52.92 %   45.92 %   51.34 %   51.35 % Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)   49.74 %   49.49 %   52.59 %   52.45 %   49.16 %   51.05 %   52.10 % P5NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)   56.57 %   57.35 %   55.54 %   54.75 %   48.22 %   56.07 %   52.57 % P5NR, as adjusted (non-GAAP)(1)   56.20 %   56.81 %   55.73 %   54.28 %   51.46 %   55.77 %   53.32 % Total purchase accounting accretion  $ 1,610   $ 1,878   $ 1,873   $ 2,772   $ 2,324   $ 8,133   $ 10,587  Average purchase accounting loan discounts   19,090    20,832    22,788    24,820    27,397    21,882    31,334   OTHER OPERATING EXPENSES  Advertising  $ 1,941   $ 1,810   $ 1,692   $ 1,654   $ 2,226   $ 7,097   $ 8,850  Amortization of intangibles   2,068    2,095    2,140    2,140    2,253    8,443    9,685  Electronic banking expense   3,307    3,569    3,412    3,156    3,599    13,444    14,313  Directors' fees   356    362    423    498    399    1,639    1,814  Due from bank service charges   271    302    282    276    274    1,131    1,115  FDIC and state assessment   3,216    3,360    5,494    3,318    16,016    15,388    25,530  Insurance   900    926    905    903    873    3,634    3,567  Legal and accounting   2,361    1,902    2,617    2,081    1,192    8,961    5,230  Other professional fees   1,736    2,062    2,108    2,236    1,640    8,142    8,815  Operating supplies   711    673    613    683    777    2,680    3,138  Postage   518    522    497    523    503    2,060    2,081  Telephone   438    455    444    470    515    1,807    2,160  Other expense   9,713    9,512    8,788    8,950    9,406    36,963    32,967  Total other operating expenses  $ 27,536   $ 27,550   $ 29,415   $ 26,888   $ 39,673   $ 111,389   $ 119,265   (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)  Dec. 31, 2024  Sep. 30, 2024  Jun. 30, 2024  Mar. 31, 2024  Dec. 31, 2023 BALANCE SHEET RATIOS  Total loans to total deposits   86.11 %   88.74 %   87.18 %   86.05 %   85.92 % Common equity to assets   17.61 %   17.35 %   16.82 %   16.69 %   16.73 % Tangible common equity to tangible assets (non-GAAP)(1)   11.98 %   11.78 %   11.23 %   11.06 %   11.05 % .  LOANS RECEIVABLE  Real estate  Commercial real estate loans  Non-farm/non-residential  $ 5,426,780   $ 5,496,536   $ 5,599,925   $ 5,616,965   $ 5,549,954  Construction/land development   2,736,214    2,741,419    2,511,817    2,330,555    2,293,047  Agricultural   336,993    335,965    345,461    337,618    325,156  Residential real estate loans  Residential 1-4 family   1,956,489    1,932,352    1,910,143    1,899,974    1,844,260  Multifamily residential   496,484    482,648    509,091    415,926    435,736  Total real estate   10,952,960    10,988,920    10,876,437    10,601,038    10,448,153  Consumer   1,234,361    1,219,197    1,189,386    1,163,228    1,153,690  Commercial and industrial   2,022,775    2,084,667    2,242,072    2,284,775    2,324,991  Agricultural   367,251    352,963    314,600    278,609    307,327  Other   187,153    178,232    158,962    186,023    190,567  Loans receivable  $ 14,764,500   $ 14,823,979   $ 14,781,457   $ 14,513,673   $ 14,424,728   ALLOWANCE FOR CREDIT LOSSES  Balance, beginning of period  $ 312,574   $ 295,856   $ 290,294   $ 288,234   $ 285,562  Loans charged off   53,959    2,001    3,098    3,978    3,592  Recoveries of loans previously charged off   565    519    660    538    614  Net loans charged off   53,394    1,482    2,438    3,440    2,978  Provision for credit losses - loans   16,700    18,200    8,000    5,500    5,650  Balance, end of period  $ 275,880   $ 312,574   $ 295,856   $ 290,294   $ 288,234   Net charge-offs to average total loans   1.44 %   0.04 %   0.07 %   0.10 %   0.08 % Allowance for credit losses to total loans   1.87 %   2.11 %   2.00 %   2.00 %   2.00 %  NON-PERFORMING ASSETS  Non-performing loans  Non-accrual loans  $ 93,853   $ 95,747   $ 78,090   $ 67,055   $ 59,971  Loans past due 90 days or more   5,034    5,356    8,251    12,928    4,130  Total non-performing loans   98,887    101,103    86,341    79,983    64,101  Other non-performing assets  Foreclosed assets held for sale, net   43,407    43,040    41,347    30,650    30,486  Other non-performing assets   63    63    63    63    785  Total other non-performing assets   43,470    43,103    41,410    30,713    31,271  Total non-performing assets  $ 142,357   $ 144,206   $ 127,751   $ 110,696   $ 95,372   Allowance for credit losses for loans to non-performing loans   278.99 %   309.16 %   342.66 %   362.94 %   449.66 % Non-performing loans to total loans   0.67 %   0.68 %   0.58 %   0.55 %   0.44 % Non-performing assets to total assets   0.63 %   0.63 %   0.56 %   0.48 %   0.42 %  (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 December 31, 2024  September 30, 2024 (Dollars in thousands)  Average 
Balance  Income/ 
Expense  Yield/ 
Rate  Average
 Balance  Income/
 Expense  Yield/
Rate ASSETS  Earning assets  Interest-bearing balances due from banks  $ 643,959   $ 7,585    4.69 %  $ 903,456   $ 12,096    5.33 % Federal funds sold   6,068    73    4.79 %   4,629    62    5.33 % Investment securities - taxable   3,291,472    28,943    3.50 %   3,391,838    31,006    3.64 % Investment securities - non-taxable - FTE   1,154,384    9,980    3.44 %   1,163,568    10,181    3.48 % Loans receivable - FTE   14,798,953    278,531    7.49 %   14,762,667    282,116    7.60 % Total interest-earning assets   19,894,836    325,112    6.50 %   20,226,158    335,461    6.60 % Non-earning assets   2,670,241        2,667,626  Total assets  $ 22,565,077       $ 22,893,784   LIABILITIES AND SHAREHOLDERS' EQUITY  Liabilities  Interest-bearing liabilities  Savings and interest-bearing transaction accounts  $ 11,058,959   $ 72,220    2.60 %  $ 11,095,572   $ 79,232    2.84 % Time deposits   1,800,618    18,344    4.05 %   1,769,952    18,553    4.17 % Total interest-bearing deposits   12,859,577    90,564    2.80 %   12,865,524    97,785    3.02 % Federal funds purchased   —    —    — %   43    1    9.25 % Securities sold under agreement to repurchase   174,759    1,346    3.06 %   157,178    1,335    3.38 % FHLB and other borrowed funds   889,880    9,541    4.27 %   1,300,876    14,383    4.40 % Subordinated debentures   439,319    4,121    3.73 %   439,467    4,121    3.73 % Total interest-bearing liabilities   14,363,535    105,572    2.92 %   14,763,088    117,625    3.17 % Non-interest bearing liabilities  Non-interest bearing deposits   4,024,433        3,993,187  Other liabilities   226,933        247,797  Total liabilities   18,614,901        19,004,072  Shareholders' equity   3,950,176        3,889,712  Total liabilities and shareholders' equity  $ 22,565,077       $ 22,893,784  Net interest spread       3.58 %       3.43 % Net interest income and margin - FTE    $ 219,540    4.39 %    $ 217,836    4.28 %

Home BancShares, Inc. Consolidated Net Interest Margin (Unaudited)  Year Ended December 31, 2024  December 31, 2023 (Dollars in thousands)  Average 
Balance  Income/ 
Expense  Yield/ 
Rate  Average 
Balance  Income/ 
Expense  Yield/ 
Rate ASSETS  Earning assets  Interest-bearing balances due from banks  $ 819,445   $ 42,773    5.22 %  $ 319,733   $ 15,023    4.70 % Federal funds sold   5,035    255    5.06 %   3,864    221    5.72 % Investment securities - taxable   3,400,325    125,765    3.70 %   3,655,632    138,575    3.79 % Investment securities - non-taxable - FTE   1,190,033    39,057    3.28 %   1,276,566    36,727    2.88 % Loans receivable - FTE   14,675,001    1,100,461    7.50 %   14,314,732    990,013    6.92 % Total interest-earning assets   20,089,839    1,308,311    6.51 %   19,570,527    1,180,559    6.03 % Non-earning assets   2,664,541        2,647,383  Total assets  $ 22,754,380       $ 22,217,910   LIABILITIES AND SHAREHOLDERS' EQUITY  Liabilities  Interest-bearing liabilities  Savings and interest-bearing transaction accounts  $ 11,078,003   $ 304,976    2.75 %  $ 11,162,244   $ 258,586    2.32 % Time deposits   1,747,302    71,662    4.10 %   1,284,156    37,392    2.91 % Total interest-bearing deposits   12,825,305    376,638    2.94 %   12,446,400    295,978    2.38 % Federal funds purchased   20    1    5.00 %   44    3    6.82 % Securities sold under agreement to repurchase   165,965    5,448    3.28 %   149,014    4,813    3.23 % FHLB and other borrowed funds   1,197,662    52,455    4.38 %   753,152    30,825    4.09 % Subordinated debentures   439,539    16,461    3.75 %   440,125    16,489    3.75 % Total interest-bearing liabilities   14,628,491    451,003    3.08 %   13,788,735    348,108    2.52 % Non-interest bearing liabilities  Non-interest bearing deposits   4,029,684        4,599,241  Other liabilities   238,528        198,634  Total liabilities   18,896,703        18,586,610  Shareholders' equity   3,857,677        3,631,300  Total liabilities and shareholders' equity  $ 22,754,380       $ 22,217,910  Net interest spread       3.43 %       3.51 % Net interest income and margin - FTE    $ 857,308    4.27 %    $ 832,451    4.25 %

Home BancShares, Inc.  Non-GAAP Reconciliations (Unaudited)  Quarter Ended  Year Ended (Dollars and shares in thousands, except per share data)  Dec. 31, 2024  Sep. 30, 2024  Jun. 30, 2024  Mar. 31, 2024  Dec. 31, 2023  Dec. 31, 2024  Dec. 31, 2023 EARNINGS, AS ADJUSTED  GAAP net income available to common shareholders (A)  $ 100,564   $ 100,038   $ 101,530   $ 100,109   $ 86,243   $ 402,241   $ 392,929  Pre-tax adjustments  FDIC special assessment  —   —   2,260   —   12,983   2,260   12,983  BOLI death benefits  (95 )  —   —   (162 )  —   (257 )  (3,117 ) Gain on sale of building  —   —   (2,059 )  —   —   (2,059 )  —  Fair value adjustment for marketable securities  (850 )  (1,392 )  274   (1,003 )  (5,024 )  (2,971 )  1,094  Recoveries on historic losses  —   —   —   —   —   —   (3,461 ) Total pre-tax adjustments  (945 )  (1,392 )  475   (1,165 )  7,959   (3,027 )  7,499  Tax-effect of adjustments  (208 )  (348 )  119   (251 )  1,989   (688 )  1,959  Deferred tax asset write-down  —   —   2,030   —   —   2,030   —  Total adjustments after-tax (B)  (737 )  (1,044 )  2,386   (914 )  5,970   (309 )  5,540  Earnings, as adjusted (C)  $ 99,827   $ 98,994   $ 103,916   $ 99,195   $ 92,213   $ 401,932   $ 398,469   Average diluted shares outstanding (D)  198,973   199,461   200,465   201,390   201,891   200,069   202,773   GAAP diluted earnings per share: (A/D)  $ 0.51   $ 0.50   $ 0.51   $ 0.50   $ 0.43   $ 2.01   $ 1.94  Adjustments after-tax: (B/D)  (0.01 )  0.00   0.01   (0.01 )  0.03   0.00   0.03  Diluted earnings per common share, as adjusted: (C/D)  $ 0.50   $ 0.50   $ 0.52   $ 0.49   $ 0.46   $ 2.01   $ 1.97   ANNUALIZED RETURN ON AVERAGE ASSETS  Return on average assets: (A/E)  1.77 %  1.74 %  1.79 %  1.78 %  1.55 %  1.77 %  1.77 % Return on average assets, as adjusted: (ROA, as adjusted) ((A+D)/E)  1.76 %  1.72 %  1.83 %  1.76 %  1.66 %  1.77 %  1.79 % Return on average assets excluding intangible amortization: ((A+C)/(E-F))  1.92 %  1.88 %  1.94 %  1.93 %  1.69 %  1.92 %  1.93 % Return on average assets, as adjusted, excluding intangible amortization: ((A+C+D)/(E-F))  1.91 %  1.86 %  1.98 %  1.91 %  1.81 %  1.92 %  1.95 %  GAAP net income available to common shareholders (A)  $ 100,564   $ 100,038   $ 101,530   $ 100,109   $ 86,243   $ 402,241   $ 392,929  Amortization of intangibles (B)  2,068   2,095   2,140   2,140   2,253   8,443   9,685  Amortization of intangibles after-tax (C)  1,563   1,572   1,605   1,605   1,690   6,345   7,288  Adjustments after-tax (D)  (737 )  (1,044 )  2,386   (914 )  5,970   (309 )  5,540  Average assets (E)  22,565,077   22,893,784   22,875,949   22,683,259   22,056,440   22,754,380   22,217,910  Average goodwill & core deposit intangible (F)  1,439,566   1,441,654   1,443,778   1,445,902   1,448,061   1,442,713   1,451,705

Home BancShares, Inc. Non-GAAP Reconciliations (Unaudited)  Quarter Ended  Year Ended (Dollars in thousands)  Dec. 31, 2024  Sep. 30, 2024  Jun. 30, 2024  Mar. 31, 2024  Dec. 31, 2023  Dec. 31, 2024  Dec. 31, 2023 ANNUALIZED RETURN ON AVERAGE COMMON EQUITY  Return on average common equity: (A/D)   10.13 %   10.23 %   10.73 %   10.64 %   9.36 %   10.43 %   10.82 % Return on average common equity, as adjusted: (ROE, as adjusted) ((A+C)/D)   10.05 %   10.12 %   10.98 %   10.54 %   10.00 %   10.42 %   10.97 % Return on average tangible common equity: (A/(D-E))   15.94 %   16.26 %   17.29 %   17.22 %   15.49 %   16.66 %   18.03 % Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) ((A+C)/(D-E))   15.82 %   16.09 %   17.69 %   17.07 %   16.56 %   16.64 %   18.28 % Return on average tangible common equity excluding intangible amortization: (B/(D-E))   16.18 %   16.51 %   17.56 %   17.50 %   15.80 %   16.92 %   18.36 % Return on average tangible common equity, as adjusted, excluding intangible amortization: ((B+C)/(D-E))   16.07 %   16.34 %   17.97 %   17.34 %   16.87 %   16.91 %   18.62 %  GAAP net income available to common shareholders (A)  $ 100,564   $ 100,038   $ 101,530   $ 100,109   $ 86,243   $ 402,241   $ 392,929  Earnings excluding intangible amortization (B)   102,127    101,610    103,135    101,714    87,933    408,586    400,217  Adjustments after-tax (C)   (737 )   (1,044 )   2,386    (914 )   5,970    (309 )   5,540  Average common equity (D)   3,950,176    3,889,712    3,805,800    3,783,652    3,656,720    3,857,677    3,631,300  Average goodwill & core deposits intangible (E)   1,439,566    1,441,654    1,443,778    1,445,902    1,448,061    1,442,713    1,451,705   EFFICIENCY RATIO & P5NR  Efficiency ratio: ((D-G)/(B+C+E))   42.24 %   41.42 %   43.17 %   44.22 %   50.64 %   42.74 %   46.21 % Efficiency ratio, as adjusted: ((D-G-I)/(B+C+E-H))   42.00 %   41.66 %   42.59 %   44.43 %   46.43 %   42.65 %   45.24 % Pre-tax net income to total revenue (net) (A/(B+C))   50.11 %   50.03 %   52.40 %   52.92 %   45.92 %   51.34 %   51.35 % Pre-tax net income, as adjusted, to total revenue (net) ((A+F)/(B+C))   49.74 %   49.49 %   52.59 %   52.45 %   49.16 %   51.05 %   52.10 % Pre-tax, pre-provision, net income (PPNR) (B+C-D)  $ 146,154   $ 147,954   $ 141,411   $ 134,893   $ 118,443   $ 570,412   $ 524,016  Pre-tax, pre-provision, net income, as adjusted (B+C-D+F)  $ 145,209   $ 146,562   $ 141,886   $ 133,728   $ 126,402   $ 567,385   $ 531,515  P5NR (Pre-tax, pre-provision, profit percentage) PPNR to total revenue (net)) (B+C-D)/(B+C)   56.57 %   57.35 %   55.54 %   54.75 %   48.22 %   56.07 %   52.57 % P5NR, as adjusted (B+C-D+F)/(B+C)   56.20 %   56.81 %   55.73 %   54.28 %   51.46 %   55.77 %   53.32 %  Pre-tax net income (A)  $ 129,454   $ 129,084   $ 133,411   $ 130,393   $ 112,793   $ 522,342   $ 511,883  Net interest income (B)   217,142    215,220    211,822    204,590    202,770    848,774    826,945  Non-interest income (C)   41,222    42,779    42,774    41,799    42,848    168,574    169,934  Non-interest expense (D)   112,210    110,045    113,185    111,496    127,175    446,936    472,863  Fully taxable equivalent adjustment (E)   2,398    2,616    2,628    892    1,091    8,534    5,506  Total pre-tax adjustments (F)   (945 )   (1,392 )   475    (1,165 )   7,959    (3,027 )   7,499  Amortization of intangibles (G)   2,068    2,095    2,140    2,140    2,253    8,443    9,685   Adjustments:  Non-interest income:  Fair value adjustment for marketable securities  $ 850   $ 1,392   $ (274 )  $ 1,003   $ 5,024   $ 2,971   $ (1,094 ) (Loss) gain on OREO   (2,423 )   85    49    17    13    (2,272 )   332  Gain (loss) on branches, equipment and other assets, net   26    32    2,052    (8 )   583    2,102    1,507  BOLI death benefits   95    —    —    162    —    257    3,117  Recoveries on historic losses   —    —    —    —    —    —    3,461  Total non-interest income adjustments (H)  $ (1,452 )  $ 1,509   $ 1,827   $ 1,174   $ 5,620   $ 3,058   $ 7,323   Non-interest expense:  FDIC special assessment   —    —    2,260    —    12,983    2,260    12,983  Total non-interest expense adjustments (I)  $ —   $ —   $ 2,260   $ —   $ 12,983   $ 2,260   $ 12,983

Home BancShares, Inc.  Non-GAAP Reconciliations  (Unaudited)   Quarter Ended Dec. 31, 2024  Sep. 30, 2024  Jun. 30, 2024  Mar. 31, 2024  Dec. 31, 2023 TANGIBLE BOOK VALUE PER COMMON SHARE  Book value per common share: (A/B) $ 19.92   $ 19.91   $ 19.30   $ 18.98   $ 18.81  Tangible book value per common share: ((A-C-D)/B)  12.68    12.67    12.08    11.79    11.63   Total stockholders' equity (A) $ 3,961,025   $ 3,959,789   $ 3,855,503   $ 3,811,401   $ 3,791,075  End of period common shares outstanding (B)  198,882    198,879    199,746    200,797    201,526  Goodwill (C)  1,398,253    1,398,253    1,398,253    1,398,253    1,398,253  Core deposit and other intangibles (D)  40,327    42,395    44,490    46,630    48,770   TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS  Equity to assets: (B/A)  17.61 %   17.35 %   16.82 %   16.69 %   16.73 % Tangible common equity to tangible assets: ((B-C-D)/(A-C-D))  11.98 %   11.78 %   11.23 %   11.06 %   11.05 %  Total assets (A) $ 22,490,748   $ 22,823,117   $ 22,919,905   $ 22,835,721   $ 22,656,658  Total stockholders' equity (B)  3,961,025    3,959,789    3,855,503    3,811,401    3,791,075  Goodwill (C)  1,398,253    1,398,253    1,398,253    1,398,253    1,398,253  Core deposit and other intangibles (D)  40,327    42,395    44,490    46,630    48,770

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