Quarterly net income up 2.6% for Home BancShares, revenue rises

Officials with Conway-based Home BancShares touted “disciplined cost management” and “diversified mix of revenue streams” in a first quarter that saw net income and revenue rise more than 2% over the same quarter in 2025.

The bank holding company, which is the parent company of Centennial Bank, reported Wednesday (April 15) first quarter net income of $118.209 million, up 2.6% compared with $115.209 million in the same quarter of 2025. The per share earnings of 60 cents beat the consensus estimate of 59 cents.

Revenue in the quarter was $266.707 million, up 2.5% compared with $260.082 million in the same quarter of 2025, but below the consensus estimate of $273.95 million.

“During the first quarter of 2026, the Company delivered stable and resilient earnings performance, with net income of approximately $118.2 million, consistent with the prior quarter and up year over year,” the company noted in the earnings report. “Net income, as adjusted (non-GAAP), of approximately $118.2 million further reflects the strength and sustainability of underlying operations.”

The company did see a rise in non-performing loans in the quarter, primarily from a $92.1 million loan balance placed in non-accrual status during the quarter.

Non-performing loans at the end of the first quarter totaled $182.1 million, well above the $85 million at the end of 2025, according to the bank.

Also during the quarter, Home BancShares completed its previously announced acquisition of Mountain Commerce Bancorp, Inc., parent company of Mountain Commerce Bank. The acquisition was completed through a series of mergers resulting in Mountain Commerce merging into Home BancShares and Mountain Commerce Bank merging into Centennial. As of Dec. 31, 2025, MCBI had approximately $1.77 billion in total assets, $1.49 billion in loans, and $1.54 billion in deposits. The acquisition was effective April 1, 2026.

Following are other key financial metrics from the first-quarter 2026 report.
• Total assets as of March 31 reached $23.201 billion, above the $22.992 billion at the same period in 2025.
• Total loans receivable as of March 31 were $15.633 billion, up from the $14.952 billion at the same period in 2025.
• Total deposits as of March 31 were $17.738 billion, up from the $17.541 billion at the same period in 2025.
• The return on assets as of March 31 was 2.09%, up from 2.07% in the same period in 2025.

Founded in 1999, Home BancShares operates 78 branches in Florida, 75 branches in Arkansas, 59 branches in Texas, eight branches in Tennessee, five branches in South Alabama and one branch in New York City.

Shares of Home BancShares (NASDAQ: HOMB) closed Wednesday at $27.67, down 29 cents. During the past 52 weeks, the share price has ranged between $30.83 and $25.68.