Home BancShares, Inc. Announces Record Net Income of $63.0 Million for 2012

Home BancShares, Inc. Announces Record Net Income of $63.0 Million for 2012

CONWAY, Ark., Jan. 17, 2013 (GLOBE NEWSWIRE) -- Home BancShares, Inc.
(Nasdaq:HOMB), parent company of Centennial Bank, today announced record net
income for the year ended December 31, 2012 of $63.0 million compared to $54.7
million for the year ended 2011. Diluted earnings per share for the year ended
2012 were $2.23 per share compared to $1.85 per share for 2011, an increase of
$0.38 per share or 20.5%.

For the fourth quarter of 2012, the Company recorded record quarterly net
income of $16.9 million, or $0.60 diluted earnings per common share, compared
to $14.2 million of net income, or $0.50 diluted earnings per common share for
the same quarter in 2011, an increase of $0.10 per share or 20.0%.

Because acquisitions are growth and capital management strategies, earnings
excluding amortization of intangibles after-tax are useful in evaluating the
Company. Diluted earnings per common share excluding intangible amortization
for the fourth quarter of 2012 was $0.62 compared to $0.51 diluted earnings
per common share excluding intangible amortization for the same period in
2011.

"The record net income reported for 2012 is an exceptional achievement for our
Company," said John Allison, Chairman. "The hard work this year to expand
earnings was successful. Not only did we reach annual record earnings during
2012, but we also achieved record earnings each quarter consecutively during
the year. Throughout the year, we continued to keep our traditionally strong
capital levels considerably above the regulators' capital requirements. It is
possible, therefore, to remain in a position to benefit from opportunistic
deals as they are presented."

Randy Sims, Chief Executive Officer, added, "This quarter the Company
increased its earnings above our previously recorded record earnings by
$844,000 or 5.2%. During the fourth quarter of 2012, we improved our net
interest margin 13 basis points when compared to the fourth quarter of 2011.
The achievements reached during 2012 are no doubt impressive and encouraging
for the year ahead."

                             Operating Highlights

Net interest income for the fourth quarter of 2012 increased 16.9% to $41.3
million from $35.3 million during the fourth quarter of 2011. For the fourth
quarter of 2012, the effective yield on non-covered loans and covered loans
was 6.03% and 7.83%, respectively. Net interest margin, on a fully taxable
equivalent basis, was 4.86% for the quarter just ended compared to 4.73% in
the fourth quarter of 2011, an increase of 13 basis points. The Company's
ability to improve pricing on interest bearing deposits and hold the changes
of interest rates on loans to a minimum allowed the Company to improve net
interest margin.

The Company reported $16.2 million of non-interest income for the fourth
quarter of 2012, compared to $12.2 million for the fourth quarter of 2011. The
most important components of the fourth quarter non-interest income were $5.2
million from gain on acquisition, $4.1 million from service charges on
deposits accounts, $3.1 million from other service charges and fees, $1.5
million from mortgage lending income, $635,000 in dividends, $368,000 from
insurance commissions, $229,000 of accretion on the FDIC indemnification asset
and $121,000 gain on sale of OREO. The $635,000 in dividends includes a
non-recurring dividend of approximately $463,000 from our investment in a
private equity and venture capital firm which invests in small and lower
middle market companies located in Arkansas and across the Midwest and
Southeast United States.

Non-interest expense for the fourth quarter of 2012 was $29.6 million compared
to $23.3 million for the fourth quarter of 2011. Excluding merger expenses,
non-interest expense only increased 5.5% when compared to 17.7% in asset
growth. For the fourth quarter of 2012, our core efficiency ratio was 44.40%
or improved by 436 basis points from the same period of the previous year.

                             Financial Condition

Total non-covered loans were $2.33 billion at December 31, 2012 compared to
$1.76 billion at December 31, 2011. Total covered loans were $384.9 million at
December 31, 2012 compared to $481.7 million at December 31, 2011. Total
deposits were $3.48 billion at December 31, 2012 compared to $2.86 billion at
December 31, 2011. Total assets were $4.24 billion at December 31, 2012
compared to $3.60 billion at December 31, 2011.

Non-performing non-covered loans were $27.3 million as of December 31, 2012,
of which $15.2 million were located in Florida. Non-performing non-covered
loans as a percent of total non-covered loans were 1.17% as of December 31,
2012 compared to 1.56% as of December 31, 2011. Non-performing non-covered
assets were $47.8 million as of December 31, 2012, of which $23.2 million were
located in Florida. Non-performing non-covered assets as a percent of total
non-covered assets were 1.30% as of December 31, 2012 compared to the 1.53%
reported for December 31, 2011.

The Company's allowance for loan losses for non-covered loans was $45.2
million at December 31, 2012, or 1.94% of total non-covered loans, compared to
$52.1 million, or 2.96% of total non-covered loans, at December 31, 2011. As
of December 31, 2012 and December 31, 2011, the allowance for loan losses for
non-covered loans plus discount for credit losses on non-covered loans
acquired to total non-covered loans plus discount for credit losses on
non-covered loans acquired was 5.26% and 3.10%, respectively. As of December
31, 2012 and December 31, 2011, the Company's allowance for loan losses for
non-covered loans was 166% and 190% of its total non-performing non-covered
loans, respectively.

Stockholders' equity was $515.5 million at December 31, 2012 compared to
$474.1 million at December 31, 2011, an increase of $41.4 million. Book value
per common share was $18.34 at December 31, 2012 compared to $16.77 at
December 31, 2011.

                           Stock Repurchase Program

During the fourth quarter of 2012, the Company repurchased a total of 203,404
shares with a weighted average stock price of $34.33. For 2012, the Company
repurchased a total of 455,448 shares with a weighted average stock price of
$29.72. The Company believes the stock repurchased at these prices is a good
investment. The 2012 earnings were used to fund these repurchases.

                                   Branches

Presently, the Company is evaluating opportunities but has no firm commitments
for additional de novo branch locations. During December, the Company closed
two branches acquired in the Vision acquisition—one in Florida and one in
Alabama.These branch closures were completed to eliminate repetitive branches
and maximize profitability from the Vision transaction.During the first part
of January 2013, one branch in south Arkansas was closed.It is anticipated
three to four branches will close in the Tallahassee, FL area early in the
second quarter of 2013.The Company currently has 46 branches in Arkansas, 54
branches in Florida and 7 branches in Alabama.

                               Conference Call

Management will conduct a conference call to review this information at 1:00
p.m. CT (2:00 ET) on Thursday, January 17, 2013.Interested parties can listen
to this call by calling 1-877-317-6789 and asking for the Home BancShares
conference call.A replay of the call will be available by calling
1-877-344-7529, Passcode: 10022263, which will be available until January 25,
2013 at 8:00 a.m. CT (9:00 ET).Internet access to the call will be available
live or in recorded version on the Company's website at www.homebancshares.com
under "Investor Relations" for 12 months.

                                   General

This release contains forward-looking statements regarding the Company's
plans, expectations, goals and outlook for the future. 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 of this type speak
only as of the date of this news release. By nature, forward-looking
statements involve inherent risk and uncertainties. Various factors,
including, but not limited to, economic conditions, credit quality, interest
rates, loan demand, the ability to successfully integrate new acquisitions and
changes in the assumptions used in making the forward-looking statements,
could cause actual results to differ materially from those contemplated by the
forward-looking statements. Additional information on factors that might
affect Home BancShares, Inc.'s financial results are included in its Annual
Report on Form 10-K for the year ended December 31, 2011 filed with the
Securities and Exchange Commission.

Home BancShares, Inc. is a bank holding company, headquartered in Conway,
Arkansas.Our 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 locations in central Arkansas, north
central Arkansas, southern Arkansas, the Florida Keys, southwestern Florida,
central Florida, the Florida Panhandle and south Alabama. The Company's common
stock is traded through the NASDAQ Global Select Market under the symbol
"HOMB."


Home BancShares, Inc.
Consolidated End of Period Balance Sheets
(Unaudited)
                                                                     
                     Dec. 31,   Sep. 30,   Jun. 30,   Mar. 31,   Dec. 31,
(In thousands)       2012       2012       2012       2012       2011
                                                                     
ASSETS                                                                
                                                                     
Cash and due from     $101,972   $86,381    $71,078    $76,837    $57,337
banks
Interest-bearing
deposits with other   129,883     69,248      287,452     269,401     126,967
banks
Cash and cash         231,855     155,629     358,530     346,238     184,304
equivalents
Federal funds sold   17,148      1,775       575         1,375       1,100
Investment securities 726,223     755,197     712,820     759,959     671,221
- available for sale
Loans receivable not
covered by loss       2,331,199   2,076,248   2,035,487   2,046,108   1,760,086
share
Loans receivable
covered by FDIC loss  384,884     407,416     432,422     455,435     481,739
share
Allowance for loan    (50,632)    (54,440)    (56,511)    (51,014)    (52,129)
losses
Loans receivable,     2,665,451   2,429,224   2,411,398   2,450,529   2,189,696
net
Bank premises and     113,883     105,131     100,694     100,674     88,465
equipment, net
Foreclosed assets
held for sale not     20,393      14,942      14,481      14,634      16,660
covered by loss
share
Foreclosed assets
held for sale covered 31,526      31,799      35,008      39,744      35,178
by FDIC loss share
FDIC indemnification  139,646     153,758     162,439     181,884     193,856
asset
Cash value of life    59,219      53,366      53,167      52,955      52,700
insurance
Accrued interest      16,305      14,872      14,834      15,845      15,551
receivable
Deferred tax asset,   46,998      33,680      31,115      34,680      22,850
net
Goodwill             85,681      77,090      77,090      77,090      59,663
Core deposit and      12,061      9,792       10,486      11,180      8,620
other intangibles
Other assets         75,741      51,654      73,768      61,165      64,253
Total assets         $4,242,130 $3,887,909 $4,056,405 $4,147,952 $3,604,117
                                                                     
LIABILITIES AND                                                       
STOCKHOLDERS' EQUITY
                                                                     
Liabilities                                                           
Deposits:                                                            
Demand and            $666,414   $596,746   $597,374   $583,951   $464,581
non-interest-bearing
Savings and
interest-bearing      1,784,047   1,527,829   1,521,869   1,514,812   1,189,098
transaction accounts
Time deposits        1,032,991   1,007,894   1,174,286   1,281,636   1,204,352
Total deposits       3,483,452   3,132,469   3,293,529   3,380,399   2,858,031
Federal funds         --         --         --         --         --
purchased
Securities sold under
agreements to         66,278      61,499      66,620      72,531      62,319
repurchase
FHLB borrowed funds  130,388     130,506     140,523     142,753     142,777
Accrued interest
payable and other     17,672      24,590      15,967      27,403      22,593
liabilities
Subordinated          28,867      28,867      44,331      44,331      44,331
debentures
Total liabilities    3,726,657   3,377,931   3,560,970   3,667,417   3,130,051
                                                                     
Stockholders' equity                                                 
Common stock         281         282         281         281         283
Capital surplus      416,354     420,595     420,538     421,006     425,649
Retained earnings    86,837      77,190      64,478      51,800      40,130
Accumulated other     12,001      11,911      10,138      7,448       8,004
comprehensive income
Total stockholders'   515,473     509,978     495,435     480,535     474,066
equity
Total liabilities and $4,242,130 $3,887,909 $4,056,405 $4,147,952 $3,604,117
stockholders' equity



Home BancShares, Inc.
Consolidated Statements of Income
(Unaudited)
                                                                       
                Quarter Ended                                   Year Ended
                Dec.     Sep.     Jun.     Mar.     Dec.     Dec. 31, Dec. 31,
                 31,      30,      30,      31,      31,
(In thousands)  2012    2012    2012    2012    2011    2012     2011
                                                                       
Interest income                                                        
Loans           $41,203 $39,285 $40,365 $38,506 $38,110 $159,359 $155,954
Investment                                                              
securities
Taxable         2,708    2,598    3,060    2,860    2,451    11,226    9,244
Tax-exempt      1,544    1,541    1,534    1,535    1,562    6,154     6,179
Deposits - other 52       115      127      85       87       379       418
banks
Federal funds    9        3        3        2        2        17        11
sold
                                                                       
Total interest   45,516   43,542   45,089   42,988   42,212   177,135   171,806
income
                                                                       
Interest                                                                
expense
Interest on      2,877    3,288    4,164    4,660    5,084    14,989    22,968
deposits
Federal funds    1        --      --      --      --      1         --
purchased
FHLB borrowed    1,030    1,040    1,134    1,160    1,172    4,364     4,940
funds
Securities sold
underagreements 79       107      111      110      99       407       483
to repurchase
Subordinated     247      482      521      524      540      1,774     2,160
debentures
                                                                       
Total interest   4,234    4,917    5,930    6,454    6,895    21,535    30,551
expense
                                                                       
Net interest     41,282   38,625   39,159   36,534   35,317   155,600   141,255
income
Provision for    1,250    167      1,333    --      2,250    2,750     3,500
loan losses
Net interest
income           40,032   38,458   37,826   36,534   33,067   152,850   137,755
afterprovision
for loan losses
                                                                       
Non-interest                                                            
income
Service charges
on deposit       4,062    3,834    3,668    3,505    3,659    15,069    14,087
accounts
Other service
charges and      3,062    3,119    3,223    3,024    2,554    12,428    9,929
fees
Mortgage lending 1,461    1,550    1,277    904      904      5,192     2,993
income
Insurance        368      512      438      551      351      1,869     1,856
commissions
Income from      133      112      129      88       121      462       448
title services
Increase in cash
value of life    202      200      214      257      279      873       1,128
insurance
Dividends from
FHLB, FRB,       635      182      175      175      174      1,167     680
bankers' bank &
other
Gain on          5,205    --      --      --      --      5,205     --
acquisitions
Gain on sale of  --      206      198      --      --      404       259
SBA loans
Gain (loss) on
sale of premises (30)     (5)      359      --      (6)      324       73
& equip, net
Gain (loss) on   121      (222)    159      (107)    394      (49)      (638)
OREO, net
Gain (loss) on   (1)      --      (9)      19       2,243    9         2,248
securities, net
FDIC
indemnification  229      373      449      670      903      1,721     5,517
accretion
Other income    740      765      773      1,017    606      3,295     2,729
                                                                       
Total
non-interest     16,187   10,626   11,053   10,103   12,182   47,969    41,309
income
                                                                       
Non-interest                                                            
expense
Salaries and
employee         12,348   11,652   11,903   11,386   10,376   47,289    42,825
benefits
Occupancy and    3,712    3,805    3,552    3,431    3,274    14,500    14,197
equipment
Data processing  1,331    1,137    1,371    1,091    994      4,930     4,601
expense
Other operating  12,186   7,387    7,598    8,478    8,625    35,649    33,099
expenses
                                                                       
Total
non-interest     29,577   23,981   24,424   24,386   23,269   102,368   94,722
expense
                                                                       
Income before    26,642   25,103   24,455   22,251   21,980   98,451    84,342
income taxes
Income tax       9,703    9,008    8,965    7,753    7,813    35,429    29,601
expense
Net income      16,939   16,095   15,490   14,498   14,167   63,022    54,741
Preferred stock
dividends &
accretion of     --      --      --      --      --      --       1,828
discount on
preferred stock
Net income
available to     $16,939 $16,095 $15,490 $14,498 $14,167 $63,022  $52,913
common
shareholders



Home BancShares, Inc.
Selected Financial Information
(Unaudited)
                                                                   
             Quarter Ended                                   Year Ended
(Dollars and  Dec.     Sep.     Jun.     Mar.     Dec.     Dec.     Dec.
shares in     31,      30,      30,      31,      31,      31,      31,
thousands,
except per    2012    2012    2012    2012    2011    2012    2011
share data)
                                                                   
PER SHARE                                                           
DATA
                                                                   
Diluted
earnings per  $0.60   $0.57   $0.55   $0.51   $0.50   $2.23   $1.85
common share
Diluted
earnings per
common share  0.62     0.58     0.57     0.52     0.51     2.29     1.91
excluding
intangible
amortization
Basic
earnings per  0.60     0.58     0.55     0.51     0.50     2.24     1.86
common share
Dividends per
share -       0.260    0.120    0.100    0.100    0.080    0.580    0.268
common
Book value
per common    18.34    18.10    17.64    17.11    16.77    18.34    16.77
share
Tangible book
value per     14.86    15.01    14.53    13.96    14.35    14.86    14.35
common share
                                                                   
STOCK                                                               
INFORMATION
                                                                   
Average
common shares 28,073   28,150   28,095   28,230   28,274   28,137   28,416
outstanding
Average
diluted       28,244   28,341   28,283   28,411   28,459   28,315   28,612
shares
outstanding
End of period
common shares 28,107   28,181   28,079   28,091   28,276   28,107   28,276
outstanding
                                                                   
ANNUALIZED
PERFORMANCE                                                         
METRICS
                                                                   
Return on
average       1.67%     1.61%     1.53%     1.52%     1.56%     1.58%     1.50%
assets
Return on
average
assets        1.75%     1.69%     1.61%     1.60%     1.64%     1.66%     1.57%
excluding
intangible
amortization
Return on
average
assets
excluding
intangible
amortization,
provision for
loan losses,  2.88%     2.69%     2.67%     2.64%     2.81%     2.72%     2.53%
merger
expenses,
bargain
purchase gain
and income
taxes (Core
ROA)
Return on
average       13.19%    12.78%    12.80%    12.21%    12.06%    12.75%    11.77%
common
equity
Return on
average
tangible
common equity 16.46%    15.88%    16.05%    15.03%    14.57%    15.87%    14.39%
excluding
intangible
amortization
Efficiency    49.21%    46.24%    46.22%    49.75%    46.40%    47.88%    49.13%
ratio
Core
efficiency    44.40%    45.63%    46.87%    46.12%    48.76%    45.73%    49.65%
ratio
Net interest  4.86%     4.65%     4.65%     4.65%     4.73%     4.70%     4.69%
margin - FTE
Fully taxable
equivalent    $1,122  $1,112  $1,126  $1,115  $1,130  $4,475  $4,467
adjustment
Total         61,703   54,168   56,142   53,091   54,394   225,104  213,115
revenue
                                                                   
EARNINGS                                                            
EXCLUDING
INTANGIBLE                                                          
AMORTIZATION
                                                                   
GAAP net
income
available to  $16,939 $16,095 $15,490 $14,498 $14,167 $63,022 $52,913
common
shareholders
Intangible
amortization  452      421      422      383      428      1,678    1,718
after-tax
Earnings
excluding     $17,391 $16,516 $15,912 $14,881 $14,595 $64,700 $54,631
intangible
amortization
                                                                   
GAAP diluted
earnings per  $0.60   $0.57   $0.55   $0.51   $0.50   $2.23   $1.85
share
Intangible
amortization  0.02     0.01     0.02     0.01     0.01     0.06     0.06
after-tax
Diluted
earnings per
share         $0.62   $0.58   $0.57   $0.52   $0.51   $2.29   $1.91
excluding
intangible
amortization
                                                                   
OTHER
OPERATING                                                           
EXPENSES
                                                                   
Advertising  $549    $534    $904    $460    $1,224  $2,447  $4,270
Merger and
acquisition   5,169    296      --      1,692    134      7,157    145
expenses
Amortization
of            743      694      694      630      705      2,761    2,827
intangibles
Electronic
banking       845      809      728      793      695      3,175    2,733
expense
Directors'    196      206      193      212      217      807      811
fees
Due from bank
service       124      137      159      116      118      536      496
charges
FDIC and
state         571      588      516      638      1,070    2,313    4,283
assessment
Insurance    501      448      424      401      447      1,774    1,673
Legal and     225      231      287      322      327      1,065    1,603
accounting
Other
professional  392      411      354      498      450      1,655    1,954
fees
Operating     299      280      291      264      297      1,134    1,168
supplies
Postage      216      219      240      221      212      896      942
Telephone    282      270      276      246      221      1,074    977
Other         2,074    2,264    2,532    1,985    2,508    8,855    9,217
expense
                                                                   
Total other
operating     $12,186 $7,387  $7,598  $8,478  $8,625  $35,649 $33,099
expenses



Home BancShares, Inc.
Selected Financial Information
(Unaudited)
                                                               
                       Dec. 31, Sep. 30, Jun. 30, Mar. 31, Dec. 31,
(Dollars in thousands) 2012     2012     2012     2012     2011
                                                               
BALANCE SHEET RATIOS                                            
                                                               
Total loans to total    77.97%     79.29%     74.93%     74.00%     78.44%
deposits
Common equity to        12.2%      13.1%      12.2%      11.6%      13.2%
assets
Tangible common equity  10.1%      11.1%      10.3%      9.7%       11.5%
to tangible assets
                                                               
ALLOWANCE FOR LOAN                                              
LOSSES
                                                               
Non-Covered                                                    
Balance, beginning of   $47,292  $49,846  $51,014  $52,129  $54,508
period
Loans charged off      3,739     3,984     1,601     1,469     5,143
Recoveries of loans     367       1,430     433       354       514
previously charged off
Net loans charged off  3,372     2,554     1,168     1,115     4,629
Provision for loan      1,250     --       --       --       2,250
losses
Balance, end of period $45,170  $47,292  $49,846  $51,014  $52,129
                                                               
Discount for credit
losses on non-covered   81,717    14,712    16,112    17,154    2,513
loans acquired
Net charge-offs on
loans not covered by    0.61%      0.50%      0.23%      0.23%      1.02%
loss share to average
non-covered loans
Allowance for loan
losses for non-covered  1.94%      2.28%      2.45%      2.49%      2.96%
loans to total
non-covered loans
Allowance for loan
losses for non-covered
loans plus discount for
credit losses on
non-covered loans       5.26%      2.97%      3.21%      3.30%      3.10%
acquired to total
non-covered loans plus
discount for credit
losses on non-covered
loans acquired
                                                               
Covered                                                         
Balance, beginning of   $7,148   $6,665   $--     $--     $--
period
Loans charged off      1,688     354       --       --       --
Recoveries of loans     2         --       --       --       --
previously charged off
Net loans charged off  1,686     354       --       --       --
Provision for loan
losses before benefit   --       837       6,665     --       --
attributableto FDIC
loss share agreements
Benefit attributable to
FDIC loss share         --       (670)     (5,332)   --       --
agreements
Net provision for loan  --       167       1,333     --       --
losses
Increase in FDIC        --       670       5,332     --       --
indemnification asset
Balance, end of period $5,462   $7,148   $6,665   $--     $--
                                                               
Total Allowance for     $50,632  $54,440  $56,511  $51,014  $52,129
Loan Losses
                                                               
NON-PERFORMING ASSETS                                           
NOT COVERED BY LOSS                                             
SHARE
                                                               
Non-performing                                                  
non-covered loans
Non-accrual non-covered $21,336  $20,183  $24,810  $27,425  $26,496
loans
Non-covered loans past  5,937     2,424     1,326     289       993
due 90 days or more
Total non-performing    27,273    22,607    26,136    27,714    27,489
non-covered loans
Other non-performing                                            
non-covered assets
Non-covered foreclosed
assets held for sale,   20,393    14,942    14,481    14,634    16,660
net
Other non-performing    164       1         79        71        8
non-covered assets
Total other
non-performing          20,557    14,943    14,560    14,705    16,668
non-covered assets
Total non-performing    $47,830  $37,550  $40,696  $42,419  $44,157
non-covered assets
                                                               
Allowance for loan
losses for non-covered  165.62%    209.19%    190.72%    184.07%    189.64%
loans to non-performing
non-covered loans
Non-performing
non-covered loans to    1.17%      1.09%      1.28%      1.35%      1.56%
total non-covered
loans
Non-performing
non-covered assets to   1.30%      1.14%      1.19%      1.22%      1.53%
total non-covered
assets



Home BancShares, Inc.
Loan Information
(Unaudited)
                                                                         
                         Dec. 31,   Sep. 30,   Jun. 30,   Mar. 31,   Dec. 31,
(Dollars in thousands)   2012       2012       2012       2012       2011
                                                                         
LOANS NOT COVERED BY LOSS                                                 
SHARE
                                                                         
Real estate                                                              
Commercial real estate                                                    
loans
Non-farm/non-residential $1,019,039 $887,895   $856,334   $780,520   $698,986
Construction/land         254,800     282,269     269,371     413,093     361,846
development
Agricultural             32,513      28,403      28,570      28,120      28,535
Residential real estate                                                   
loans
Residential 1-4 family   549,269     473,412     481,018     471,439     349,543
Multifamily residential  129,742     105,369     106,206     65,226      56,909
Total real estate        1,985,363   1,777,348   1,741,499   1,758,398   1,495,819
Consumer                 37,462      35,433      37,146      38,254      37,923
Commercial and            256,908     200,160     197,278     196,165     176,276
industrial
Agricultural             19,825      36,239      31,741      21,275      21,784
Other                    31,641      27,068      27,823      32,016      28,284
Loans receivable not      $2,331,199 $2,076,248 $2,035,487 $2,046,108 $1,760,086
covered by loss share
                                                                         
                                                                         
LOANS COVERED BY LOSS                                                     
SHARE
                                                                         
Real estate                                                              
Commercial real estate                                                    
loans
Non-farm/non-residential $164,723   $175,195   $187,802   $179,360   $189,380
Construction/land         66,713      71,958      74,989      99,996      103,535
development
Agricultural             2,282       2,289       2,737       3,092       3,155
Residential real estate                                                   
loans
Residential 1-4 family   125,625     130,425     136,498     139,819     148,692
Multifamily residential  9,567       10,062      10,216      9,077       8,933
Total real estate        368,910     389,929     412,242     431,344     453,695
Consumer                 39          70          71          549         334
Commercial and            14,668      16,878      19,541      22,843      26,884
industrial
Agricultural             --         --         --         --         --
Other                    1,267       539         568         699         826
Loans receivable covered  $384,884   $407,416   $432,422   $455,435   $481,739
by loss share



Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
                                                                
                  Three Months Ended
                  December 31, 2012           September 30, 2012
                  Average  Income/ Yield/ Average  Income/ Yield/
(Dollars in        Balance  Expense Rate   Balance  Expense Rate
thousands)
                                                                
ASSETS                                                           
Earning assets                                                  
Interest-bearing
balances due from  $97,308  $51     0.21%    $192,192 $115    0.24%
banks
Federal funds      15,061    9        0.24%    3,749     3        0.32%
sold
Investment
securities -       581,840   2,708    1.85%    573,083   2,598    1.80%
taxable
Investment
securities -       165,957   2,518    6.04%    160,252   2,512    6.24%
non-taxable - FTE
Loans receivable - 2,608,090 41,351   6.31%    2,468,151 39,426   6.35%
FTE
Total
interest-earning   3,468,256 46,637   5.35%    3,397,427 44,654   5.23%
assets
Non-earning        571,264                    578,519            
assets
Total assets      $                          $                  
                   4,039,520                     3,975,946
                                                                
LIABILITIES AND
SHAREHOLDERS'                                                    
EQUITY
Liabilities                                                     
Interest-bearing                                                 
liabilities
Savings and
interest-bearing   $         $784    0.19%    $         $774    0.20%
transaction        1,632,053                     1,523,346
accounts
Time deposits     1,028,938 2,093    0.81%    1,095,268 2,514    0.91%
Total
interest-bearing   2,660,991 2,877    0.43%    2,618,614 3,288    0.50%
deposits
Federal funds      392       --      0.00%    15        --      0.00%
purchased
Securities sold
under agreement to 62,913    79       0.50%    64,779    107      0.66%
repurchase
FHLB borrowed      130,427   1,030    3.14%    131,599   1,040    3.14%
funds
Subordinated       28,867    247      3.40%    41,978    482      4.57%
debentures
Total
interest-bearing   2,883,590 4,233    0.58%    2,856,985 4,917    0.68%
liabilities
Non-interest
bearing                                                          
liabilities
Non-interest       620,806                    597,287            
bearing deposits
Other liabilities 24,089                     20,695             
Total liabilities 3,528,485                  3,474,967          
Shareholders'      511,035                    500,979            
equity
Total liabilities  $                            $
and shareholders'  4,039,520                   3,975,946           
equity
Net interest                          4.77%                       4.55%
spread
Net interest
income and margin            $42,404 4.86%              $39,737 4.65%
- FTE



Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
                                                                
                Year Ended
                December 31, 2012            December 31, 2011
                Average  Income/  Yield/ Average  Income/  Yield/
(Dollars in      Balance  Expense  Rate   Balance  Expense  Rate
thousands)
                                                                
ASSETS                                                           
Earning assets                                                  
Interest-bearing
balances due     $165,862 $379     0.23%    $178,476 $418     0.23%
from banks
Federal funds    7,175     17        0.24%    5,735     11        0.19%
sold
Investment
securities -     580,826   11,226    1.93%    400,152   9,244     2.31%
taxable
Investment
securities -     158,231   10,023    6.33%    150,776   10,017    6.64%
non-taxable -
FTE
Loans receivable 2,490,901 159,965   6.42%    2,369,216 156,583   6.61%
- FTE
Total
interest-earning 3,402,995 181,610   5.34%    3,104,355 176,273   5.68%
assets
Non-earning      575,728                     553,901             
assets
Total assets    $                           $                   
                 3,978,723                      3,658,256
                                                                
LIABILITIES AND
SHAREHOLDERS'                                                    
EQUITY
Liabilities                                                     
Interest-bearing                                                 
liabilities
Savings and
interest-bearing $         $3,572   0.24%    $         $5,084   0.45%
transaction      1,501,093                      1,132,798
accounts
Time deposits   1,148,072 11,417    0.99%    1,318,868 17,884    1.36%
Total
interest-bearing 2,649,165 14,989    0.57%    2,451,666 22,968    0.94%
deposits
Federal funds    273       1         0.37%    12        --       0.00%
purchased
Securities sold
under agreement  67,040    407       0.61%    66,851    4,940     7.39%
to repurchase
FHLB borrowed    136,312   4,364     3.20%    150,146   483       0.32%
funds
Subordinated     39,852    1,774     4.45%    44,331    2,160     4.87%
debentures
Total
interest-bearing 2,892,642 21,535    0.74%    2,713,006 30,551    1.13%
liabilities
Non-interest
bearing                                                          
liabilities
Non-interest     569,017                     443,781             
bearing deposits
Other            22,946                      26,870              
liabilities
Total            3,484,605                   3,183,657           
liabilities
Shareholders'    494,118                     474,599             
equity
Total
liabilities and  $                           $                   
shareholders'    3,978,723                      3,658,256
equity
Net interest                         4.60%                        4.55%
spread
Net interest
income and                 $160,075 4.70%              $145,722 4.69%
margin - FTE

CONTACT: Brian S. Davis
         Chief Accounting Officer &
         Investor Relations Officer
         Home BancShares, Inc.
         (501) 328-4770
 
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