Home BancShares, Inc. Announces Record Quarterly Net Income of $17.7 Million

Home BancShares, Inc. Announces Record Quarterly Net Income of $17.7 Million

CONWAY, Ark., July 18, 2013 (GLOBE NEWSWIRE) -- Home BancShares, Inc.
(Nasdaq:HOMB), parent company of Centennial Bank, today announced second
quarter net income of $17.7 million, or $0.31 diluted earnings per common
share, compared to $15.5 million of net income, or $0.27 diluted earnings per
common share (split adjusted) for the same quarter in 2012. The Company
increased its second quarter earnings by $2.2 million or 14.0% for the three
months ended June 30, 2013 compared to the same period of the previous year.

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 second quarter of 2013 was $0.32 compared to $0.28 diluted earnings
per common share excluding intangible amortization (split adjusted) for the
same period in 2012.

"The second quarter's record net income is another exceptional achievement for
Home BancShares," said John Allison, Chairman. "We also continue to exhibit
strong capital levels, which remain considerably above the regulators' capital
requirements. These strong reserves placed us in a position to participate in
an opportunity like the recently announced Liberty Bank market acquisition.
Merging these two similarly sized Arkansas-based companies with comparable
cultures and history is a game-changer for Home BancShares. We are confidently
optimistic of the Company's continued bright future when Liberty gets on
board."

Randy Sims, Chief Executive Officer, added, "For the ninth consecutive quarter
in the Company's history, we have again reported the most profitable quarter,
increasing net income by $111,000 or 0.6% from our previously reported record
earnings. Not only did the Company display an outstanding return on average
assets of 1.71% for the second quarter of 2013, but we also improved our net
interest margin by 53 basis points when comparing the second quarter of 2013
to the second quarter of 2012."

                             Operating Highlights

Net interest income for the second quarter of 2013 increased 14.5% to $44.8
million from $39.2 million during the second quarter of 2012. For the second
quarter of 2013, the effective yield on non-covered loans and covered loans
was 6.04% and 10.78%, respectively. Net interest margin, on a fully taxable
equivalent basis, was 5.18% for the quarter just ended compared to 4.65% in
the second quarter of 2012, an increase of 53 basis points. The Company was
able to expand its net interest margin because of its ability to improve
pricing on interest bearing deposits combined with additional yield on FDIC
loss sharing loans which more than offset the lower interest rates on newly
originated loans in the loan portfolio during this historically low rate
environment.

The Company reported $9.8 million of non-interest income for the second
quarter of 2013, compared to $11.1 million for the second quarter of 2012. The
most important components of the second quarter non-interest income were $4.1
million from service charges on deposits accounts, $3.5 million from other
service charges and fees, $1.6 million from mortgage lending income, $750,000
from other income, $444,000 from insurance commissions, $441,000 from gain on
sale of other real estate owned, and $394,000 from gain on sale of assets
offset by the $2.3 million of net amortization on the FDIC indemnification
asset.

Non-interest expense for the second quarter of 2013 was $25.9 million compared
to $24.4 million for the second quarter of 2012. For the second quarter of
2013, our efficiency ratio was 45.0% which was an improvement of 124 basis
points from the same period of the previous year.

                             Financial Condition

Total non-covered loans were $2.34 billion at June 30, 2013 compared to $2.33
billion at December 31, 2012. Total covered loans were $329.8 million at June
30, 2013 compared to $384.9 million at December 31, 2012. Total deposits were
$3.33 billion at June 30, 2013 compared to $3.48 billion at December 31, 2012.
Total assets were $4.09 billion at June 30, 2013 compared to $4.24 billion at
December 31, 2012.

Non-performing non-covered loans were $31.0 million as of June 30, 2013, of
which $22.8 million were located in Florida. Non-performing non-covered loans
as a percent of total non-covered loans were 1.33% as of June 30, 2013
compared to 1.17% as of December 31, 2012. Non-performing non-covered assets
were $47.2 million as of June 30, 2013, of which $28.4 million were located in
Florida. Non-performing non-covered assets as a percent of total non-covered
assets were 1.30% as of both June 30, 2013 and December 31, 2012.

The Company's allowance for loan losses for non-covered loans was $40.5
million at June 30, 2013, or 1.73% of total non-covered loans, compared to
$45.2 million, or 1.94% of total non-covered loans, at December 31, 2012. As
of June 30, 2013 and December 31, 2012, 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 4.99% and 5.26%, respectively. As of June 30,
2013 and December 31, 2012, the Company's allowance for loan losses for
non-covered loans was 130% and 166% of its total non-performing non-covered
loans, respectively.

Stockholders' equity was $533.5 million at June 30, 2013 compared to $515.5
million at December 31, 2012, an increase of $18.0 million. Book value per
common share was $9.49 at June 30, 2013 compared to $9.17 (split adjusted) at
December 31, 2012.

                                   Branches

During the second quarter, the Company opened a loan production office in
Pensacola, Florida and subsequently converted it to a full-service branch. As
a result of our acquisition of Premier Bank in the fourth quarter of 2012,
three branches closed in the Tallahassee, FL area during the second quarter of
2013. In addition, the Company opened one de novo branch location on Highway
30A in Seagrove, Florida during the first part of July and has plans to open
two additional de novo branches in the Florida Panhandle during the third
quarter of 2013.

Upon completion of the Liberty Bank transaction announced at the end of the
second quarter, Centennial Bank will have 46 additional branch locations
across Northeast Arkansas, Northwest Arkansas and Western Arkansas. The
acquisition is expected to close late in the third quarter or early in the
fourth quarter of 2013 and is subject to Home and Liberty shareholder
approval, regulatory approval, and other conditions set forth in the merger
agreement.

The Company currently has 46 branches in Arkansas, 53 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, July 18, 2013. Interested parties can listen to
this call by calling 1-888-317-6016 and asking for the Home BancShares
conference call. A replay of the call will be available by calling
1-877-344-7529, Passcode: 10029906, which will be available until July 26,
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 is included in its Annual
Report on Form 10-K for the year ended December 31, 2012 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. Upon completion of the Liberty Bank
transaction, Centennial Bank will have additional locations in Northeast
Arkansas, Northwest Arkansas and Western Arkansas.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)
                                                                     
(In thousands)      Jun. 30,    Mar. 31,    Dec. 31,    Sep. 30,    Jun. 30,
                      2013        2013        2012        2012        2012
                                                                     
ASSETS                                                                
                                                                     
Cash and due from     $75,148    $95,604    $101,972   $86,381    $71,078
banks
Interest-bearing
deposits with other   97,576      206,753     129,883     69,248      287,452
banks
Cash and cash         172,724     302,357     231,855     155,629     358,530
equivalents
Federal funds sold   2,475       2,850       17,148      1,775       575
Investment securities 736,406     724,929     726,223     755,197     712,820
- available for sale
Loans receivable not
covered by loss       2,339,242   2,309,146   2,331,199   2,076,248   2,035,487
share
Loans receivable
covered by FDIC loss  329,802     358,669     384,884     407,416     432,422
share
Allowance for loan    (41,450)    (45,935)    (50,632)    (54,440)    (56,511)
losses
Loans receivable,     2,627,594   2,621,880   2,665,451   2,429,224   2,411,398
net
Bank premises and     119,737     117,534     113,883     105,131     100,694
equipment, net
Foreclosed assets
held for sale not     15,985      18,861      20,393      14,942      14,481
covered by loss
share
Foreclosed assets
held for sale covered 27,073      29,928      31,526      31,799      35,008
by FDIC loss share
FDIC indemnification  116,071     126,275     139,646     153,758     162,439
asset
Cash value of life    59,401      59,185      59,219      53,366      53,167
insurance
Accrued interest      14,424      14,367      16,305      14,872      14,834
receivable
Deferred tax asset,   46,655      40,907      46,998      33,680      31,115
net
Goodwill             85,681      85,681      85,681      77,090      77,090
Core deposit and      10,457      11,259      12,061      9,792       10,486
other intangibles
Other assets         56,654      69,494      75,741      51,654      73,768
Total assets         $4,091,337 $4,225,507 $4,242,130 $3,887,909 $4,056,405
                                                                     
LIABILITIES AND                                                       
STOCKHOLDERS' EQUITY
                                                                     
Liabilities                                                           
Deposits:                                                            
Demand and            $733,374   $717,830   $666,414   $596,746   $597,374
non-interest-bearing
Savings and
interest-bearing      1,735,280   1,810,957   1,784,047   1,527,829   1,521,869
transaction accounts
Time deposits        856,581     936,649     1,032,991   1,007,894   1,174,286
Total deposits       3,325,235   3,465,436   3,483,452   3,132,469   3,293,529
Federal funds         --         --         --         --         --
purchased
Securities sold under
agreements to         73,461      77,194      66,278      61,499      66,620
repurchase
FHLB borrowed funds  130,251     130,369     130,388     130,506     140,523
Accrued interest
payable and other     25,787      21,020      17,672      24,590      15,967
liabilities
Subordinated          3,093       3,093       28,867      28,867      44,331
debentures
Total liabilities    3,557,827   3,697,112   3,726,657   3,377,931   3,560,970
                                                                     
Stockholders' equity                                                 
Common stock         562         281         281         282         281
Capital surplus      416,795     416,741     416,354     420,595     420,538
Retained earnings    114,172     100,730     86,837      77,190      64,478
Accumulated other     1,981       10,643      12,001      11,911      10,138
comprehensive income
Total stockholders'   533,510     528,395     515,473     509,978     495,435
equity
Total liabilities and $4,091,337 $4,225,507 $4,242,130 $3,887,909 $4,056,405
stockholders' equity



Home BancShares, Inc.
Consolidated Statements of Income
(Unaudited)
                                                                             
                    Quarter Ended                                   Six Months Ended
(In thousands)        Jun. 30,  Mar. 31, Dec. 31, Sep. 30, Jun. 30, Jun. 30, Jun. 30,
                        2013     2013     2012     2012     2012     2013     2012
                                                                             
                                                                             
Interest income                                                              
Loans                  $44,036 $44,159 $41,203 $39,285 $40,365 $88,195 $78,871
Investment securities                                                        
Taxable                2,490    2,403    2,708    2,598    3,060    4,893    5,920
Tax-exempt             1,467    1,481    1,544    1,541    1,534    2,948    3,069
Deposits - other banks 86       98       52       115      127      184      212
Federal funds sold     6        7        9        3        3        13       5
                                                                             
Total interest income  48,085   48,148   45,516   43,542   45,089   96,233   88,077
                                                                             
Interest expense                                                             
Interest on deposits   2,129    2,485    2,877    3,288    4,164    4,614    8,824
Federal funds           --      --      1        --      --      --      --
purchased
FHLB borrowed funds    1,012    1,004    1,030    1,040    1,134    2,016    2,294
Securities sold under
agreements to           86       80       79       107      111      166      221
repurchase
Subordinated            17       230      247      482      521      247      1,045
debentures
                                                                             
Total interest expense 3,244    3,799    4,234    4,917    5,930    7,043    12,384
                                                                             
Net interest income    44,841   44,349   41,282   38,625   39,159   89,190   75,693
Provision for loan      850      --      1,250    167      1,333    850      1,333
losses
Net interest income
after provision for     43,991   44,349   40,032   38,458   37,826   88,340   74,360
loan losses
                                                                             
Non-interest income                                                          
Service charges on      4,088    3,709    4,062    3,834    3,668    7,797    7,173
deposit accounts
Other service charges   3,479    3,437    3,062    3,119    3,223    6,916    6,247
and fees
Mortgage lending        1,619    1,372    1,461    1,550    1,277    2,991    2,181
income
Insurance commissions  444      679      368      512      438      1,123    989
Income from title       136      109      133      112      129      245      217
services
Increase in cash value  218      180      202      200      214      398      471
of life insurance
Dividends from FHLB,
FRB, bankers' bank &    401      175      635      182      175      576      350
other
Gain on acquisitions   --      --      5,205    --      --      --      --
Gain on sale of SBA     --      56       --      206      198      56       198
loans
Gain (loss) on sale of  394      15       (30)     (5)      359      409      359
premises & equip, net
Gain (loss) on OREO,    441      86       121      (222)    159      527      52
net
Gain (loss) on          111      --      (1)      --      (9)      111      10
securities, net
FDIC indemnification
accretion/amortization, (2,283)  (1,992)  229      373      449      (4,275)  1,119
net
Other income           757      1,199    740      765      773      1,956    1,790
                                                                             
Total non-interest      9,805    9,025    16,187   10,626   11,053   18,830   21,156
income
                                                                             
Non-interest expense                                                         
Salaries and employee   12,957   12,952   12,348   11,652   11,903   25,909   23,289
benefits
Occupancy and           3,894    3,594    3,712    3,805    3,552    7,488    6,983
equipment
Data processing         1,231    1,510    1,331    1,137    1,371    2,741    2,462
expense
Other operating         7,773    7,807    12,186   7,387    7,598    15,580   16,076
expenses
                                                                             
Total non-interest      25,855   25,863   29,577   23,981   24,424   51,718   48,810
expense
                                                                             
Income before income    27,941   27,511   26,642   25,103   24,455   55,452   46,706
taxes
Income tax expense     10,282   9,963    9,703    9,008    8,965    20,245   16,718
Net income available to $17,659 $17,548 $16,939 $16,095 $15,490 $35,207 $29,988
all shareholders



Home BancShares, Inc.
Selected Financial Information
(Unaudited)
                                                                           
                   Quarter Ended                                    Six Months Ended
(Dollars and shares
in thousands,       Jun. 30, Mar. 31, Dec. 31, Sep. 30, Jun. 30,  Jun. 30, Jun. 30,
except per share     2013      2013      2012      2012      2012        2013      2012
data)
                                                                           
PER SHARE DATA                                                              
                                                                           
Diluted earnings per $0.31   $0.31   $0.30   $0.28   $0.27    $0.62   $0.53
common share
Diluted earnings per
common share         0.32     0.32     0.31     0.29     0.28      0.64     0.54
excluding intangible
amortization
Basic earnings per   0.32     0.31     0.30     0.29     0.28      0.63     0.53
common share
Dividends per share  0.075    0.065    0.130    0.060    0.050     0.140    0.100
- common
Book value per       9.49     9.40     9.17     9.05     8.82      9.49     8.82
common share
Tangible book value  7.78     7.67     7.43     7.51     7.26      7.78     7.26
per common share
                                                                           
STOCK INFORMATION                                                           
                                                                           
Average common       56,234   56,222   56,145   56,299   56,190    56,228   56,325
shares outstanding
Average diluted      56,577   56,535   56,486   56,680   56,566    56,555   56,691
shares outstanding
End of period common 56,243   56,229   56,213   56,363   56,158    56,243   56,158
shares outstanding
                                                                           
ANNUALIZED                                                                  
PERFORMANCE METRICS
                                                                           
Return on average    1.71%     1.70%     1.67%     1.61%     1.53%      1.70%     1.53%
assets
Return on average
assets               1.80%     1.79%     1.75%     1.69%     1.61%      1.79%     1.60%
excludingintangible
amortization
Return on average
assets excluding
intangible
amortization,
provision for loan
losses, merger       2.93%     2.77%     2.88%     2.69%     2.67%      2.85%     2.66%
expenses, bargain
purchase gain, gain
on life insurance
proceeds and income
taxes (Core ROA)
Return on average    13.27%    13.68%    13.19%    12.78%    12.80%     13.47%    12.51%
common equity
Return on average
tangible common
equity excluding     16.65%    17.29%    16.46%    15.88%    16.05%     16.97%    15.54%
intangible
amortization
Efficiency ratio    44.98%    46.03%    49.21%    46.24%    46.22%     45.50%    47.92%
Core efficiency      45.76%    46.39%    44.40%    45.63%    46.87%     46.07%    46.51%
ratio
Net interest margin  5.18%     5.15%     4.86%     4.65%     4.65%      5.16%     4.65%
- FTE
Fully taxable
equivalent           $1,051  $1,075  $1,122  $1,112  $1,126   $2,126  $2,241
adjustment
Total revenue       57,890   57,173   61,703   54,168   56,142    115,063  109,233
                                                                           
EARNINGS EXCLUDING                                                          
INTANGIBLE                                                                  
AMORTIZATION
                                                                           
GAAP net income
available to common  $17,659 $17,548 $16,939 $16,095 $15,490  $35,207 $29,988
shareholders
Intangible
amortization         488      487      452      421      422       975      805
after-tax
Earnings excluding
intangible           $18,147 $18,035 $17,391 $16,516 $15,912  $36,182 $30,793
amortization
                                                                           
GAAP diluted         $0.31   $0.31   $0.30   $0.28   $0.27    $0.62   $0.53
earnings per share
Intangible
amortization         0.01     0.01     0.01     0.01     0.01      0.02     0.01
after-tax
Diluted earnings per
share excluding      $0.32   $0.32   $0.31   $0.29   $0.28    $0.64   $0.54
intangible
amortization
                                                                           
OTHER OPERATING                                                             
EXPENSES
                                                                           
Advertising         $120    $693    $549    $534    $904     $813    $1,364
Merger and
acquisition          1        28       5,169    296      --       29       1,692
expenses
Amortization of      802      802      743      694      694       1,604    1,324
intangibles
Electronic banking   960      863      845      809      728       1,823    1,521
expense
Directors' fees     210      190      196      206      193       400      405
Due from bank        168      133      124      137      159       301      275
service charges
FDIC and state       677      630      571      588      516       1,307    1,154
assessment
Insurance           555      566      501      448      424       1,121    825
Legal and            394      322      225      231      287       716      609
accounting
Other professional   490      473      392      411      354       963      852
fees
Operating supplies  332      343      299      280      291       675      555
Postage             231      207      216      219      240       438      461
Telephone           291      303      282      270      276       594      522
Other expense       2,542    2,254    2,074    2,264    2,532     4,796    4,517
                                                                           
Total other          $7,773  $7,807  $12,186 $7,387  $7,598   $15,580 $16,076
operating expenses


Home BancShares, Inc.
Selected Financial Information
(Unaudited)
                                                                
                                                              
(Dollars in thousands)       Jun. 30, Mar. 31, Dec. 31, Sep. 30, Jun. 30,
                             2013      2013      2012      2012      2012
                                                                
BALANCE SHEET RATIOS                                             
                                                                
Total loans to total         80.27%    76.98%    77.97%    79.29%    74.93%
deposits
Common equity to assets     13.0%     12.5%     12.2%     13.1%     12.2%
Tangible common equity to    10.9%     10.5%     10.1%     11.1%     10.3%
tangible assets
                                                                
ALLOWANCE FOR LOAN LOSSES                                        
                                                                
Non-Covered                                                     
Balance, beginning of        $42,302 $45,170 $47,292 $49,846 $51,014
period
Loans charged off           3,361    3,318    3,739    3,984    1,601
Recoveries of loans          807      450      367      1,430    433
previously charged off
Net loans charged off       2,554    2,868    3,372    2,554    1,168
Provision for loan losses   750      --      1,250    --      --
Balance, end of period      $40,498 $42,302 $45,170 $47,292 $49,846
                                                                
Discount for credit losses
on non-covered loans         80,322   80,305   81,717   14,712   16,112
acquired
Net charge-offs on loans not
covered by loss share to     0.45%     0.50%     0.61%     0.50%     0.23%
average non-covered loans
Allowance for loan losses
for non-covered loans to     1.73%     1.83%     1.94%     2.28%     2.45%
total non-covered loans
Allowance for loan losses
for non-covered loans plus
discount for credit losses
on non-covered loans
acquired to total            4.99%     5.13%     5.26%     2.97%     3.21%
non-covered loans plus
discount for credit losses
on non-covered loans
acquired
                                                                
Covered                                                          
Balance, beginning of        $3,633  $5,462  $7,148  $6,665  $--
period
Loans charged off           3,187    1,840    1,688    354      --
Recoveries of loans          6        11       2        --      --
previously charged off
Net loans charged off       3,181    1,829    1,686    354      --
Provision for loan losses
before benefit attributable  500      --      --      837      6,665
to FDIC loss share
agreements
Benefit attributable to FDIC (100)    --      --      (670)    (5,332)
loss share agreements
Net provision for loan       400      --      --      167      1,333
losses
Increase in FDIC             100      --      --      670      5,332
indemnificaton asset
Balance, end of period      $952    $3,633  $5,462  $7,148  $6,665
                                                                
Total Allowance for Loan     $41,450 $45,935 $50,632 $54,440 $56,511
Losses
                                                                
NON-PERFORMING ASSETS                                            
NOT COVERED BY LOSS SHARE                                        
                                                                
Non-performing non-covered                                       
loans
Non-accrual non-covered      $17,798 $19,078 $21,336 $20,183 $24,810
loans
Non-covered loans past due   13,243   6,692    5,937    2,424    1,326
90 days or more
Total non-performing         31,041   25,770   27,273   22,607   26,136
non-covered loans
Other non-performing                                             
non-covered assets
Non-covered foreclosed       15,985   18,861   20,393   14,942   14,481
assets held for sale, net
Other non-performing         172      285      164      1        79
non-covered assets
Total other non-performing   16,157   19,146   20,557   14,943   14,560
non-covered assets
Total non-performing         $47,198 $44,916 $47,830 $37,550 $40,696
non-covered assets
                                                                
Allowance for loan losses
for non-covered loans to     130.47%   164.15%   165.62%   209.19%   190.72%
non-performing non-covered
loans
Non-performing non-covered
loans to totalnon-covered   1.33%     1.12%     1.17%     1.09%     1.28%
loans
Non-performing non-covered
assets to total non-covered  1.30%     1.21%     1.30%     1.14%     1.19%
assets


Home BancShares, Inc.
Loan Information
(Unaudited)
                                                                         
(Dollars in thousands)    Jun. 30,    Mar. 31,    Dec. 31,    Sep. 30,    Jun. 30,
                          2013        2013        2012        2012        2012
                                                                         
                                                                         
LOANS NOT COVERED BY LOSS                                                 
SHARE
                                                                         
Real estate                                                              
Commercial real estate                                                    
loans
Non-farm/non-residential $1,003,391 $1,014,301 $1,019,039 $887,895   $856,334
Construction/land         281,994     254,673     254,800     282,269     269,371
development
Agricultural             31,119      34,288      32,513      28,403      28,570
Residential real estate                                                   
loans
Residential 1-4 family   528,260     531,698     549,269     473,412     481,018
Multifamily residential  120,899     122,998     129,742     105,369     106,206
Total real estate        1,965,663   1,957,958   1,985,363   1,777,348   1,741,499
Consumer                 32,671      33,823      37,462      35,433      37,146
Commercial and            287,351     269,463     256,908     200,160     197,278
industrial
Agricultural             26,462      16,573      19,825      36,239      31,741
Other                    27,095      31,329      31,641      27,068      27,823
Loans receivable not      $2,339,242 $2,309,146 $2,331,199 $2,076,248 $2,035,487
covered by loss share
                                                                         
LOANS COVERED BY LOSS                                                     
SHARE
                                                                         
Real estate                                                              
Commercial real estate                                                    
loans
Non-farm/non-residential $143,922   $155,345   $164,723   $175,195   $187,802
Construction/land         56,447      58,384      66,713      71,958      74,989
development
Agricultural             1,784       2,256       2,282       2,289       2,737
Residential real estate                                                   
loans
Residential 1-4 family   107,612     120,246     125,625     130,425     136,498
Multifamily residential  10,644      9,443       9,567       10,062      10,216
Total real estate        320,409     345,674     368,910     389,929     412,242
Consumer                 20          28          39          70          71
Commercial and            8,193       11,712      14,668      16,878      19,541
industrial
Agricultural             --         --         --         --         --
Other                    1,180       1,255       1,267       539         568
Loans receivable covered  $329,802   $358,669   $384,884   $407,416   $432,422
by loss share


Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
                                                                  
                      Three Months Ended
                      June 30, 2013             March 31, 2013
(Dollars in            Average    Income/   Yield/ Average    Income/   Yield
thousands)            Balance   Expense  Rate  Balance   Expense  /Rate
                                                                  
ASSETS                                                             
Earning assets                                                    
Interest-bearing
balances due from      $135,431 $86     0.25%  $148,744 $98     0.27%
banks
Federal funds sold    10,169    6        0.24%  15,724    7        0.18%
Investment securities  572,997   2,490    1.74%  561,056   2,403    1.74%
- taxable
Investment securities  172,439   2,394    5.57%  165,411   2,419    5.93%
- non-taxable - FTE
Loans receivable -     2,663,627 44,160   6.65%  2,684,376 44,296   6.69%
FTE
Total interest-earning 3,554,663 49,136   5.54%  3,575,311 49,223   5.58%
assets
Non-earning assets    592,822                  617,582            
Total assets          $                        $                  
                       4,147,485                   4,192,893
                                                                  
LIABILITIES AND                                                    
SHAREHOLDERS' EQUITY
Liabilities                                                       
Interest-bearing                                                   
liabilities
Savings and            $                          $
interest-bearing       1,779,269  $741    0.17%  1,771,631  $814    0.19%
transaction accounts
Time deposits         900,809   1,388    0.62%  986,787   1,671    0.69%
Total interest-bearing 2,680,078 2,129    0.32%  2,758,418 2,485    0.37%
deposits
Federal funds          1         --      0.00%  --       --      0.00%
purchased
Securities sold under
agreement to           72,599    86       0.48%  69,664    80       0.47%
repurchase
FHLB borrowed funds   130,282   1,012    3.12%  130,376   1,004    3.12%
Subordinated           3,093     17       2.20%  27,149    230      3.44%
debentures
Total interest-bearing 2,886,053 3,244    0.45%  2,985,607 3,799    0.52%
liabilities
Non-interest bearing                                               
liabilities
Non-interest bearing   704,847                  668,222            
deposits
Other liabilities     22,939                   18,769             
Total liabilities     3,613,839                3,672,598          
Shareholders' equity  533,646                  520,295            
Total liabilities and  $                        $                  
shareholders' equity  4,147,485                   4,192,893
Net interest spread                      5.09%                     5.06%
Net interest income              $45,892 5.18%            $45,424 5.15%
and margin - FTE


Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
                                                                 
                    Six Months Ended
                    June 30, 2013              June 30, 2012
(Dollars in          Average    Income/   Yield/  Average    Income/   Yield/
thousands)          Balance   Expense  Rate    Balance   Expense  Rate
                                                                 
ASSETS                                                            
Earning assets                                                   
Interest-bearing
balances due from    $143,153 $184    0.26%   $187,196 $212    0.23%
banks
Federal funds sold  12,931    13       0.20%   4,920     5        0.20%
Investment
securities -         567,059   4,893    1.74%   584,238   5,920    2.04%
taxable
Investment
securities -         168,945   4,813    5.74%   153,303   4,993    6.55%
non-taxable - FTE
Loans receivable -   2,673,952 88,456   6.67%   2,443,163 79,188   6.52%
FTE
Total
interest-earning     3,566,040 98,359   5.56%   3,372,820 90,318   5.39%
assets
Non-earning assets  603,930                   576,573            
Total assets        $                         $                  
                     4,169,970                     3,949,393
                                                                 
LIABILITIES AND                                                   
SHAREHOLDERS' EQUITY
Liabilities                                                      
Interest-bearing                                                  
liabilities
Savings and
interest-bearing     $         $1,554  0.18%   $         $2,014  0.28%
transaction          1,775,486                     1,423,645
accounts
Time deposits       943,561   3,060    0.65%   1,234,986 6,810    1.11%
Total
interest-bearing     2,719,047 4,614    0.34%   2,658,631 8,824    0.67%
deposits
Federal funds        --       --      0.00%   342       --      0.00%
purchased
Securities sold
under agreement to   71,140    166      0.47%   70,268    221      0.63%
repurchase
FHLB borrowed funds 130,328   2,016    3.12%   141,669   2,294    3.26%
Subordinated         15,054    247      3.31%   44,331    1,045    4.74%
debentures
Total
interest-bearing     2,935,569 7,043    0.48%   2,915,241 12,384   0.85%
liabilities
Non-interest bearing                                              
liabilities
Non-interest bearing 686,636                   528,547            
deposits
Other liabilities   20,757                    23,507             
Total liabilities   3,642,962                 3,467,295          
Shareholders'        527,008                   482,098            
equity
Total liabilities    $                            $
and shareholders'    4,169,970                  3,949,393           
equity
Net interest spread                    5.08%                      4.54%
Net interest income            $91,316 5.16%             $77,934 4.65%
and margin - FTE

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

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