Home BancShares (HOMB)
Market Price (8/23/2026): $30.265 | Market Cap: $6.1 BilSector: Financials | Industry: Regional Banks
Home BancShares (HOMB)
Market Price (8/23/2026): $30.265Market Cap: $6.1 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.1%, FCF Yield is 7.1% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -30% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 41%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39% Low stock price volatilityVol 12M is 22% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Online Banking & Lending, Digital Payments, Show more. | Trading close to highsDist 52W High is -3.6%, Dist 3Y High is -3.6% Weak multi-year price returns2Y Excs Rtn is -17%, 3Y Excs Rtn is -27% Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 11% | Key risksHOMB key risks include [1] challenges integrating frequent acquisitions and realizing expected benefits from its acquisition-driven growth strategy and [2] vulnerability to downturns from its concentrated loan portfolio in multifamily construction and marine lending. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.1%, FCF Yield is 7.1% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -30% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 41%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39% |
| Low stock price volatilityVol 12M is 22% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Online Banking & Lending, Digital Payments, Show more. |
| Trading close to highsDist 52W High is -3.6%, Dist 3Y High is -3.6% |
| Weak multi-year price returns2Y Excs Rtn is -17%, 3Y Excs Rtn is -27% |
| Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 11% |
| Key risksHOMB key risks include [1] challenges integrating frequent acquisitions and realizing expected benefits from its acquisition-driven growth strategy and [2] vulnerability to downturns from its concentrated loan portfolio in multifamily construction and marine lending. |
Qualitative Assessment
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Home BancShares (HOMB) stock has gained about 15% since 4/30/2026 because of the following key factors:
1. Home BancShares exceeded earnings and revenue expectations in fiscal Q2 2026, which ended June 30, 2026. The company reported adjusted earnings per share (EPS) of $0.64, beating the consensus estimate of $0.62 by $0.02. Quarterly revenue increased by 8.9% year-over-year to $295.10 million, surpassing the consensus estimate of $288.70 million. This strong financial performance included a record adjusted net income of $128.1 million.
2. The company announced an increase in its quarterly cash dividend. Home BancShares raised its quarterly dividend to $0.23 per share, payable on September 2, 2026. This represents a 9.5% increase from the prior quarter's dividend and a 15.0% increase over the dividend from fiscal Q3 2025. This move signals management's confidence in the company's financial health and commitment to shareholder returns.
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Home BancShares (HOMB) stock has gained about 15% since 4/30/2026 because of the following key factors:
1. Home BancShares exceeded earnings and revenue expectations in fiscal Q2 2026, which ended June 30, 2026. The company reported adjusted earnings per share (EPS) of $0.64, beating the consensus estimate of $0.62 by $0.02. Quarterly revenue increased by 8.9% year-over-year to $295.10 million, surpassing the consensus estimate of $288.70 million. This strong financial performance included a record adjusted net income of $128.1 million.
2. The company announced an increase in its quarterly cash dividend. Home BancShares raised its quarterly dividend to $0.23 per share, payable on September 2, 2026. This represents a 9.5% increase from the prior quarter's dividend and a 15.0% increase over the dividend from fiscal Q3 2025. This move signals management's confidence in the company's financial health and commitment to shareholder returns.
3. Home BancShares benefited from the successful integration and contribution of its Mountain Commerce Bancorp acquisition. The acquisition, completed on April 1, 2026, contributed to stronger-than-expected fiscal Q2 2026 results, adding approximately $1.47 billion in loans. The merger played a significant role in the company's loan growth, which saw a $626 million positive swing from a previously forecasted negative trend. Management anticipates annual savings of around $6 million from the conversion in November.
4. Positive analyst sentiment and raised price targets followed the strong fiscal Q2 2026 results. Several investment analysts revised their outlooks on HOMB, with firms like Piper Sandler raising its price target from $33.00 to $36.00 and Stephens & Co. increasing its target from $32.00 to $35.00, both maintaining "Overweight" ratings. Additionally, Wall Street Zen upgraded Home BancShares from a "sell" to a "hold" rating. This increased confidence from analysts contributed to the stock's upward momentum.
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Stock Movement Drivers
Fundamental Drivers
The 14.4% change in HOMB stock from 4/30/2026 to 8/22/2026 was primarily driven by a 16.2% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8222026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.46 | 30.27 | 14.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,078 | 1,109 | 2.9% |
| Net Income Margin (%) | 44.1% | 43.2% | -2.0% |
| P/E Multiple | 10.9 | 12.7 | 16.2% |
| Shares Outstanding (Mil) | 197 | 201 | -2.3% |
| Cumulative Contribution | 14.4% |
Market Drivers
4/30/2026 to 8/22/2026| Return | Correlation | |
|---|---|---|
| HOMB | 14.4% | |
| Market (SPY) | 6.5% | -5.1% |
| Sector (XLF) | 10.3% | 49.5% |
Fundamental Drivers
The 7.1% change in HOMB stock from 1/31/2026 to 8/22/2026 was primarily driven by a 5.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 8222026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.26 | 30.27 | 7.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,054 | 1,109 | 5.2% |
| Net Income Margin (%) | 43.4% | 43.2% | -0.5% |
| P/E Multiple | 12.2 | 12.7 | 4.4% |
| Shares Outstanding (Mil) | 197 | 201 | -2.1% |
| Cumulative Contribution | 7.1% |
Market Drivers
1/31/2026 to 8/22/2026| Return | Correlation | |
|---|---|---|
| HOMB | 7.1% | |
| Market (SPY) | 11.0% | 17.8% |
| Sector (XLF) | 8.1% | 59.7% |
Fundamental Drivers
The 11.6% change in HOMB stock from 7/31/2025 to 8/22/2026 was primarily driven by a 9.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312025 | 8222026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.13 | 30.27 | 11.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,015 | 1,109 | 9.3% |
| Net Income Margin (%) | 41.1% | 43.2% | 5.1% |
| P/E Multiple | 12.9 | 12.7 | -1.6% |
| Shares Outstanding (Mil) | 199 | 201 | -1.3% |
| Cumulative Contribution | 11.6% |
Market Drivers
7/31/2025 to 8/22/2026| Return | Correlation | |
|---|---|---|
| HOMB | 11.6% | |
| Market (SPY) | 22.2% | 27.7% |
| Sector (XLF) | 11.1% | 60.9% |
Fundamental Drivers
The 37.0% change in HOMB stock from 7/31/2023 to 8/22/2026 was primarily driven by a 26.3% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 8222026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.10 | 30.27 | 37.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,003 | 1,109 | 10.6% |
| Net Income Margin (%) | 34.2% | 43.2% | 26.3% |
| P/E Multiple | 13.1 | 12.7 | -3.0% |
| Shares Outstanding (Mil) | 203 | 201 | 1.1% |
| Cumulative Contribution | 37.0% |
Market Drivers
7/31/2023 to 8/22/2026| Return | Correlation | |
|---|---|---|
| HOMB | 37.0% | |
| Market (SPY) | 73.2% | 48.1% |
| Sector (XLF) | 70.0% | 69.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HOMB Return | 28% | -4% | 15% | 15% | 1% | 11% | 82% |
| Peers Return | 16% | -19% | 25% | 0% | 49% | 14% | 99% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| HOMB Win Rate | 75% | 50% | 58% | 58% | 42% | 50% | |
| Peers Win Rate | 33% | 50% | 54% | 46% | 69% | 59% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| HOMB Max Drawdown | -27% | -21% | -20% | -12% | -19% | -15% | |
| Peers Max Drawdown | -16% | -31% | -31% | -26% | -21% | -20% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEWT, ATLO, FCBM, CBC, NU.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/21/2026 (YTD)
How Low Can It Go
| Event | HOMB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -16.6% | -18.8% |
| % Gain to Breakeven | 20.0% | 23.1% |
| Time to Breakeven | 101 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.7% | -9.5% |
| % Gain to Breakeven | 14.5% | 10.5% |
| Time to Breakeven | 37 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -18.2% | -6.7% |
| % Gain to Breakeven | 22.2% | 7.1% |
| Time to Breakeven | 67 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -17.9% | -24.5% |
| % Gain to Breakeven | 21.7% | 32.4% |
| Time to Breakeven | 92 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -48.1% | -33.7% |
| % Gain to Breakeven | 92.5% | 50.9% |
| Time to Breakeven | 232 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.8% | -19.2% |
| % Gain to Breakeven | 40.4% | 23.8% |
| Time to Breakeven | 744 days | 105 days |
In The Past
Home BancShares's stock fell -16.6% during the 2025 US Tariff Shock. Such a loss loss requires a 20.0% gain to breakeven.
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Asset Allocation
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| Event | HOMB | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -48.1% | -33.7% |
| % Gain to Breakeven | 92.5% | 50.9% |
| Time to Breakeven | 232 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.8% | -19.2% |
| % Gain to Breakeven | 40.4% | 23.8% |
| Time to Breakeven | 744 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -28.8% | -53.4% |
| % Gain to Breakeven | 40.5% | 114.4% |
| Time to Breakeven | 17 days | 1085 days |
In The Past
Home BancShares's stock fell -16.6% during the 2025 US Tariff Shock. Such a loss loss requires a 20.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Home BancShares (HOMB)
Home BancShares, Inc. (HOMB) is a bank holding company that operates primarily through its subsidiary, Centennial Bank. The company specializes in providing a full suite of commercial and retail banking services. Its core business revolves around accepting various types of deposits and originating loans to a diverse clientele.
The company's main products and services include a variety of deposit accounts such as checking, savings, money market accounts, and certificates of deposit. Its loan portfolio is extensive, covering non-farm/non-residential real estate, construction and land development, residential mortgages, consumer loans, agricultural loans, and commercial and industrial loans. Beyond traditional banking, Home BancShares also offers modern financial tools like internet and mobile banking, cash management services, and uniquely, writes insurance policies for commercial and personal lines including property, casualty, life, health, and employee benefits.
Home BancShares serves a wide array of customers, including businesses, real estate developers and investors, individuals, and municipalities. As of December 2021, the company maintained a substantial branch network of 160 locations. Its primary geographic markets are concentrated in Arkansas and Florida, with additional branches in Alabama and a single location in New York City.
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Here are 1-3 brief analogies for Home BancShares (HOMB):
The U.S. Bancorp or PNC of Arkansas and Florida.
Think of it as a regional bank like PNC or Truist, but with an added insurance division.
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- Deposit Accounts: Offers various checking, savings, money market accounts, and certificates of deposit for individuals and businesses.
- Loan Products: Provides a diverse portfolio of loans including real estate (non-farm/non-residential, construction/land development, residential mortgage), consumer, agricultural, and commercial and industrial loans.
- Digital & Cash Management Services: Delivers internet banking, mobile banking, and cash management solutions for convenient financial management.
- Insurance Products: Underwrites and sells commercial and personal insurance policies, covering property, casualty, life, health, and employee benefits.
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Home BancShares (HOMB) serves a diverse customer base through its banking operations. Based on the provided information, its major customers can be categorized as:
- Individuals: These customers utilize services such as checking, savings, and money market accounts, certificates of deposit, residential mortgages, consumer loans, internet banking, and mobile banking.
- Businesses: This category includes various commercial entities that receive commercial and industrial loans, cash management services, overdraft protection, and commercial insurance lines of business. This also encompasses real estate developers and investors, who are served with non-farm/non-residential real estate and construction/land development loans.
- Municipalities: Local government entities that require banking services.
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John W. Allison Executive Chairman & Chief Executive Officer
John W. Allison is the co-founder and has served as the Chairman of the Board of Home BancShares since 1998. He also assumed the role of Chief Executive Officer in 2019, a position he previously held from 1998 to 2009. Prior to founding Home BancShares, Mr. Allison had over 35 years of banking experience, including serving as Chairman of First National Bank of Conway from 1983 until its acquisition in 1998. He was also a director of First Commercial Corporation from 1985 until its sale to Regions Financial Corporation in 1998, where he served on the Executive and Asset Quality Committees. He established Home BancShares, Inc. in 1998 and formed First State Bank in Conway in 1999. Mr. Allison was also involved in the formation and acquisition of Marine Bank of the Florida Keys in the 1990s, which later became part of Home BancShares. Earlier in his career, he purchased multiple mobile home factories.
Brian S. Davis Chief Financial Officer and Treasurer
Brian S. Davis serves as the Chief Financial Officer and Treasurer for both Home BancShares, Inc. and its subsidiary, Centennial Bank.
Kevin D. Hester President and Chief Lending Officer
Kevin D. Hester was named President of Home BancShares and Centennial Bank in May 2024, in addition to his role as Chief Lending Officer. He is a founding employee of the company and has served as its senior lender since Home BancShares began 25 years ago. Mr. Hester joined Centennial Bank (formerly First State Bank) in 1998 as Executive Vice President of Lending and became Chief Lending Officer of Centennial Bank in 2010. He possesses over 35 years of banking experience and previously held lending leadership roles at First Commercial Corporation from 1985–1998.
Stephen Tipton Chief Executive Officer of Centennial Bank and Chief Operating Officer of Home BancShares
Stephen Tipton assumed the position of Chief Executive Officer of Centennial Bank in May 2024, having served as Chief Operating Officer of Centennial Bank since 2015. He began his banking career in 2005 and joined Centennial Bank in 2006. Prior to his COO role, Mr. Tipton held positions as Regional Vice President, Director of Credit Risk Management, and Commercial Lender for Centennial Bank.
Tracy M. French Chairman of Centennial Bank
Tracy M. French serves as the Chairman of Centennial Bank, with a focus on special projects, a role he took on in May 2024. He previously served as President and Chief Executive Officer of Centennial Bank since January 2015. Mr. French has been with Centennial Bank for over 20 years. Before joining Home BancShares, he was the CEO of a bank in Cabot, Arkansas, that was experiencing regulatory challenges. His previous institution, Community Bank, was acquired by Home BancShares.
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Here are the key risks to Home BancShares (symbol: HOMB):
- Concentration in Real Estate Loans and Geographic Concentration: Home BancShares faces significant risk due to its substantial concentration in real estate loans, particularly commercial real estate. This exposure makes the company vulnerable to increased lending risk, especially given the current higher interest rate environment and potential stress in specific commercial real estate sectors, such as office and some multifamily properties. The company's geographic focus in Arkansas, Florida, Alabama, and New York City further amplifies this risk, as adverse local or regional economic downturns affecting real estate values in these areas could negatively impact its loan portfolio and overall financial performance.
- Interest Rate Sensitivity and Market Risks: As a bank holding company, Home BancShares' profitability is highly sensitive to fluctuations in interest rates and changes in broader monetary policy. Variations in interest rates can directly affect the company's net interest income, which is a primary driver of its earnings, by influencing the spread between the interest earned on assets and the interest paid on liabilities. Additionally, market conditions and economic downturns can negatively impact the valuation of the company's investment portfolio and the demand for its loan products, further affecting its financial performance.
- Operational Risks, including Cybersecurity Breaches and Fraud: Home BancShares is exposed to considerable operational risks, particularly those related to cybersecurity breaches, fraud, and other illicit activities. Its subsidiary, Centennial Bank, has experienced data security incidents in the past, including an April 2023 breach that compromised personal information of customers and led to class action lawsuits. Such incidents highlight the ongoing threat of identity theft, financial fraud, and potential damage to the bank's reputation, necessitating robust and continuously updated cybersecurity measures.
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- The proliferation of digital-first challenger banks and fintech platforms poses a significant threat by offering streamlined, often lower-cost, and fully online banking services. These agile competitors can attract customers seeking modern digital experiences for deposits, loans, and payments, thereby challenging Home BancShares' traditional branch-based model and its reliance on physical infrastructure.
- The increasing entry of large technology companies (Big Tech) into the financial services sector presents a clear emerging threat. With their extensive user bases, data analytics capabilities, and established digital ecosystems, companies like Apple, Google, and Amazon can disintermediate traditional banks by offering their own payment systems, lending products, and digital wallets, thereby diverting customer interactions and revenue streams away from Home BancShares.
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Home BancShares (HOMB) operates Centennial Bank, providing commercial and retail banking, and related financial services, as well as offering insurance policies in Arkansas, Florida, Alabama, and New York City. The addressable markets for their main products and services vary by region.
Banking Services
- Arkansas:
- The total bank deposits in Arkansas amounted to approximately $135.8 billion in 2023, and $147.15 billion as of the first quarter of 2025.
- The aggregate total assets for Arkansas banks were $168.7 billion in 2023, exceeding $170 billion as of December 31, 2025.
- Florida:
- Total deposits in Florida were reported at $831 billion in 2024.
- New home loans booked in Florida totaled $87.1 billion in 2024.
- Small business loans in Florida reached $52.9 billion.
- Small farm loans in Florida were $7.8 billion.
- Alabama:
- The total assets for banks in Alabama were approximately $227.16 billion as of the second quarter of 2025.
- New York City/State:
- The New York City Metropolitan Area generated a Gross Metropolitan Product (GMP) of US$2.299 trillion in 2023.
- Total deposits in New York-based financial institutions exceeded $3.4 trillion.
- New York banks held $450 billion in commercial real estate (CRE) exposure in 2023.
- Total mortgage originations in New York reached $85 billion in 2023.
- Small business loans under $1 million by New York banks totaled $18 billion in 2023.
- United States (Overall):
- The U.S. commercial banking market size was estimated at $732.5 billion in 2025 and is forecasted to reach $915.45 billion by 2030. Other estimates place the U.S. commercial banking market size at $765.53 billion in 2026, growing to $954.48 billion by 2031.
- The U.S. retail banking market generated a revenue of $454.3 billion in 2024 and is expected to reach $678.3 billion by 2033. Other estimates suggest the U.S. retail banking market generated revenue of USD 1.28 trillion in 2025, and was valued at $2.34 trillion in 2025, projected to reach $4.19 trillion by 2035.
Insurance Products
- Arkansas:
- The gross direct written premium for the insurance industry in Arkansas was $23.5 billion in 2023.
- The market size of the Property, Casualty and Direct Insurance industry in Arkansas is projected to be $1.9 billion in 2026.
- Florida:
- The commercial property insurance market (admitted sector) in Florida had a premium volume of $14.34 billion in 2024.
- The surplus lines market in Florida (which includes property insurance) reported a premium of $7.44 billion in 2024.
- Florida's surplus lines homeowners market posted premiums of $1.13 billion in 2024.
- Alabama:
- The market size of the Property, Casualty and Direct Insurance industry in Alabama is projected to be $6.6 billion in 2026.
- New York (State):
- The insurance industry's contributions to the New York State economy accounted for $76.9 billion in economic output in 2023.
- In 2023, premium taxes paid by insurance companies in New York State totaled $2.5 billion.
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Home BancShares, Inc. (HOMB) is expected to drive future revenue growth over the next two to three years through several key strategies:
- Strategic Acquisitions and Market Expansion: The company has actively pursued growth through acquisitions, exemplified by its announced acquisition of Mountain Commerce Bank. This move facilitates entry into new geographic markets, such as Tennessee, and is anticipated to be accretive to earnings from the outset. Furthermore, management has indicated the potential for additional mergers and acquisitions in 2026, suggesting a continued focus on expanding its footprint and customer base through strategic inorganic growth.
- Organic Loan Growth: Home BancShares has demonstrated consistent loan growth across its operations, with notable increases in its loan portfolio in 2025. The company's community bank footprint, particularly in Florida, has been a significant contributor to loan originations. Management expects this organic loan growth to continue across all regions, including newly entered markets, as a fundamental driver of increased interest income.
- Net Interest Margin (NIM) Optimization: The company has shown a focus on managing its net interest margin, which directly impacts its primary revenue stream from lending activities. In the fourth quarter of 2025, Home BancShares reported an improved net interest margin, driven by a decline in interest-bearing deposit costs that offset a slight decrease in loan yields. Continued effective management of interest rates on both assets and liabilities will be crucial for sustaining and potentially expanding net interest income.
- Deposit Base Expansion: Growth in deposit balances is vital for funding loan growth and managing overall funding costs for a bank. Home BancShares reported an improvement in deposit balances during the fourth quarter and for the full year of 2025. Expanding its deposit base provides a stable and cost-effective source of funds, enabling the bank to support its lending activities and, consequently, revenue generation.
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Share Repurchases
- In January 2025, Home BancShares' Board of Directors authorized an increase in the shares available for repurchase under its stock repurchase program to 20,000,000 shares, adding 6,755,507 shares to the approximately 13,244,493 shares previously available for repurchase.
- The company repurchased nearly 2.9 million shares for $81.3 million during 2025.
- In the fourth quarter of 2025, Home BancShares repurchased 540,706 shares for $14.7 million.
Share Issuance
- Home BancShares announced an all-stock acquisition of Mountain Commerce Bancorp, Inc. in December 2025, under which Home BancShares will issue approximately 5.4 million shares.
- Shares outstanding for Home BancShares increased by 3.98% from 2022 to 2023.
Outbound Investments
- On September 15, 2021, Home BancShares announced the acquisition of Happy State Bank, a privately owned bank with approximately $6.81 billion in assets as of December 31, 2021. This acquisition was expected to be completed in the first quarter of 2022 and was described as "triple accretive" to earnings per share, book value per share, and tangible book value per share.
- In December 2025, Home BancShares announced an all-stock merger to acquire Mountain Commerce Bancorp, Inc. for an aggregate implied transaction value of approximately $150.1 million. This acquisition is anticipated to provide access to high-growth markets in Tennessee.
Peer Outperformance in Regional Banks
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Investment Banking & Brokerage | 13 | 5.7% | 134.2% | 137.8% | IBKR 519% · SNEX 245% · GS 192% |
| Reinsurance | 6 | 19.3% | 84.4% | 118.1% | SPNT 140% · MTG 132% · RGA 130% |
| Diversified Banks | 12 | 37.4% | 130.6% | 105.4% | JPM 154% · CM 151% · RY 136% |
| Life & Health Insurance | 19 | 11.2% | 55.9% | 86.1% | UNM 294% · FG 197% · MFC 173% |
| Regional Banks ← | 263 | 25.9% | 86.3% | 65.8% | GCBC 400% · ESQ 363% · NBN 295% |
| Property & Casualty Insurance | 42 | 11.1% | 73.7% | 64.4% | ASIC 2583900% · HRTG 427% · UVE 275% |
| Multi-line Insurance | 9 | 13.5% | 78.8% | 57.5% | GNW 181% · L 101% · SLF 86% |
| Consumer Finance | 30 | 10.1% | 88.7% | 36.2% | ENVA 664% · EZPW 406% · FCFS 186% |
| Multi-Sector Holdings | 6 | 1.4% | 16.7% | 34.4% | JEF 80% · BRK-B 74% · VOYA 67% |
| Insurance Brokers | 15 | -9.5% | 11.8% | 33.2% | LIFE 596% · AJG 94% · ARX 87% |
| Asset Management & Custody Banks | 83 | -8.7% | 21.6% | 23.5% | SII 344% · WT 305% · VCTR 290% |
| Financial Exchanges & Data | 15 | -1.6% | 12.8% | 14.8% | VIRT 219% · CBOE 154% · CME 68% |
| Commercial & Residential Mortgage Finance | 12 | -31.1% | 23.0% | 5.8% | FNMA 542% · FMCC 517% · ESNT 61% |
| Specialized Finance | 3 | 18.7% | 53.0% | 5.2% | EFC 38% · CACC 5% · HASI -14% |
| Mortgage REITs | 34 | -7.2% | 15.3% | -10.9% | RITM 71% · NREF 55% · DX 42% |
| Transaction & Payment Processing Services | 15 | 1.4% | 7.2% | -40.8% | MA 66% · V 65% · CPAY 60% |
| Diversified Capital Markets | 21 | -29.3% | -4.2% | -44.5% | BTCS 584% · OPY 184% · LPLA 156% |
| Diversified Financial Services | 5 | -6.3% | 57.4% | -58.0% | FRHC 170% · EQH 85% · TMS -58% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 30.27 |
| Mkt Cap | 0.4 |
| Rev LTM | 277 |
| Op Inc LTM | - |
| FCF LTM | 42 |
| FCF 3Y Avg | 17 |
| CFO LTM | 45 |
| CFO 3Y Avg | 19 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.8% |
| Rev Chg 3Y Avg | 8.1% |
| Rev Chg Q | 12.3% |
| QoQ Delta Rev Chg LTM | 2.9% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 34.3% |
| CFO/Rev 3Y Avg | 30.2% |
| FCF/Rev LTM | 32.0% |
| FCF/Rev 3Y Avg | 27.9% |
Price Behavior
| Market Price | $30.27 | |
| Market Cap ($ Bil) | 5.9 | |
| First Trading Date | 06/23/2006 | |
| Distance from 52W High | -3.6% | |
| 50 Days | 200 Days | |
| DMA Price | $29.61 | $27.79 |
| DMA Trend | up | up |
| Distance from DMA | 2.2% | 8.9% |
| 3M | 1YR | |
| Volatility | 19.7% | 21.1% |
| Downside Capture | -33.33 | 36.36 |
| Upside Capture | 33.88 | 33.37 |
| Correlation (SPY) | -10.9% | 26.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.31 | -0.28 | -0.16 | 0.24 | 0.47 | 0.80 |
| Up Beta | -0.74 | -0.84 | -0.31 | 0.36 | 0.73 | 0.90 |
| Down Beta | -0.71 | -0.15 | -0.15 | -0.03 | 0.41 | 0.79 |
| Up Capture | 61% | 33% | 25% | 31% | 33% | 44% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 12 | 25 | 36 | 70 | 131 | 377 |
| Down Capture | -74% | -70% | -56% | 25% | 45% | 91% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 9 | 17 | 26 | 54 | 118 | 366 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HOMB | |
|---|---|---|---|---|
| HOMB | 8.5% | 21.6% | 0.29 | - |
| Sector ETF (XLF) | 10.1% | 14.6% | 0.44 | 60.0% |
| Equity (SPY) | 21.1% | 12.9% | 1.22 | 26.1% |
| Gold (GLD) | 37.5% | 28.8% | 1.10 | -4.0% |
| Commodities (DBC) | 43.2% | 20.2% | 1.66 | -21.1% |
| Real Estate (VNQ) | 12.9% | 13.8% | 0.64 | 48.9% |
| Bitcoin (BTCUSD) | -31.6% | 44.1% | -0.73 | 9.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HOMB | |
|---|---|---|---|---|
| HOMB | 9.7% | 27.4% | 0.34 | - |
| Sector ETF (XLF) | 10.1% | 18.4% | 0.41 | 70.7% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 54.5% |
| Gold (GLD) | 20.6% | 18.6% | 0.90 | -2.9% |
| Commodities (DBC) | 10.4% | 19.6% | 0.41 | 5.8% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 53.5% |
| Bitcoin (BTCUSD) | 10.4% | 52.8% | 0.38 | 22.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HOMB | |
|---|---|---|---|---|
| HOMB | 6.3% | 34.2% | 0.26 | - |
| Sector ETF (XLF) | 13.5% | 22.0% | 0.56 | 77.8% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 59.6% |
| Gold (GLD) | 12.7% | 16.2% | 0.64 | -5.9% |
| Commodities (DBC) | 8.0% | 18.0% | 0.36 | 17.5% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 54.5% |
| Bitcoin (BTCUSD) | 63.1% | 66.1% | 1.03 | 14.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/17/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/15/2026 | 4.8% | 3.8% | 7.8% |
| 4/15/2026 | -3.4% | -3.6% | -5.8% |
| 1/14/2026 | 0.9% | 2.5% | 3.3% |
| 10/15/2025 | -3.4% | -1.5% | -0.3% |
| 7/16/2025 | 2.1% | 3.4% | 1.8% |
| 4/16/2025 | 1.8% | 7.1% | 13.6% |
| 1/15/2025 | 1.1% | 3.2% | 3.6% |
| 10/16/2024 | -1.7% | -1.4% | 12.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 11 | 16 |
| # Negative | 15 | 13 | 8 |
| Median Positive | 1.8% | 3.3% | 6.7% |
| Median Negative | -1.7% | -3.6% | -5.2% |
| Max Positive | 4.8% | 10.6% | 13.9% |
| Max Negative | -5.3% | -6.2% | -11.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/15/2026 | 4.8% | 3.8% | 7.8% |
| 4/15/2026 | -3.4% | -3.6% | -5.8% |
| 1/14/2026 | 0.9% | 2.5% | 3.3% |
| 10/15/2025 | -3.4% | -1.5% | -0.3% |
| 7/16/2025 | 2.1% | 3.4% | 1.8% |
| 4/16/2025 | 1.8% | 7.1% | 13.6% |
| 1/15/2025 | 1.1% | 3.2% | 3.6% |
| 10/16/2024 | -1.7% | -1.4% | 12.3% |
| 7/17/2024 | -0.5% | 3.3% | -1.6% |
| 4/18/2024 | 3.5% | 10.6% | 10.7% |
| 1/18/2024 | 2.6% | 7.5% | 5.0% |
| 10/19/2023 | -3.1% | -5.8% | 5.5% |
| 7/20/2023 | -3.4% | -3.6% | -9.3% |
| 4/20/2023 | 0.5% | -2.9% | 1.3% |
| 1/19/2023 | -1.2% | -0.3% | 8.3% |
| 10/20/2022 | -5.3% | -2.3% | -0.1% |
| 7/21/2022 | -1.7% | 3.1% | 13.9% |
| 4/21/2022 | -2.5% | -5.8% | -11.3% |
| 1/20/2022 | -3.3% | -3.7% | -6.0% |
| 10/21/2021 | -0.7% | -6.2% | 4.8% |
| 7/15/2021 | -0.7% | -5.3% | -4.6% |
| 4/15/2021 | -0.3% | 0.6% | 3.6% |
| 1/21/2021 | -1.0% | 3.1% | 11.1% |
| 10/15/2020 | 0.7% | -0.4% | 12.4% |
| SUMMARY STATS | |||
| # Positive | 9 | 11 | 16 |
| # Negative | 15 | 13 | 8 |
| Median Positive | 1.8% | 3.3% | 6.7% |
| Median Negative | -1.7% | -3.6% | -5.2% |
| Max Positive | 4.8% | 10.6% | 13.9% |
| Max Negative | -5.3% | -6.2% | -11.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/05/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/06/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/05/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/06/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 02/24/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 02/26/2020 | 10-K |
| 09/30/2019 | 11/08/2019 | 10-Q |
Insider Activity
Updated 8/12/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Rankin, Jim | Direct | Sell | 8122026 | 30.86 | 15,000 | 462,966 | 6,469,703 | Form | |
| 2 | Tipton, John Stephen | Centennial Bank CEO | Direct | Sell | 8052026 | 31.59 | 12,000 | 379,080 | 2,410,570 | Form |
| 3 | Allison, John W II | Direct | Sell | 6022026 | 26.38 | 2,000 | 52,750 | 17,143,618 | Form | |
| 4 | Floyd, Jennifer C | Chief Accounting Officer | Direct | Sell | 4222026 | 27.11 | 3,000 | 81,345 | 125,678 | Form |
| 5 | Allison, John W | Chairman & CEO | Direct | Buy | 4202026 | 26.96 | 100,000 | 2,696,210 | 156,351,223 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Rankin, Jim | Direct | Sell | 8122026 | 30.86 | 15,000 | 462,966 | 6,469,703 | Form | |
| 2 | Tipton, John Stephen | Centennial Bank CEO | Direct | Sell | 8052026 | 31.59 | 12,000 | 379,080 | 2,410,570 | Form |
| 3 | Allison, John W II | Direct | Sell | 6022026 | 26.38 | 2,000 | 52,750 | 17,143,618 | Form | |
| 4 | Floyd, Jennifer C | Chief Accounting Officer | Direct | Sell | 4222026 | 27.11 | 3,000 | 81,345 | 125,678 | Form |
| 5 | Allison, John W | Chairman & CEO | Direct | Buy | 4202026 | 26.96 | 100,000 | 2,696,210 | 156,351,223 | Form |
| 6 | Allison, John W II | Direct | Sell | 2242026 | 28.19 | 5,000 | 140,950 | 18,379,739 | Form | |
| 7 | Hinkle, James G | Revocable Trust | Sell | 2112026 | 30.27 | 30,000 | 908,157 | 13,838,103 | Form | |
| 8 | Townsell, Donna | Director of Investor Relations | Direct | Sell | 1292026 | 28.38 | 5,563 | 157,878 | 6,199,881 | Form |
| 9 | Allison, John W | Chairman & CEO | Direct | Sell | 8272025 | 30.02 | 110,000 | 3,302,200 | 166,334,096 | Form |
Investor Activity (13F)
Updated Aug 23, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Regional Banks Resources |
| Bank Director |
| Independent Banker |
| S&P Global Market Intelligence |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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