Home BancShares, Inc. Announces Record Quarterly Net Income of $18.4 Million

Home BancShares, Inc. Announces Record Quarterly Net Income of $18.4 Million

CONWAY, Ark., Oct. 17, 2013 (GLOBE NEWSWIRE) -- Home BancShares, Inc.
(Nasdaq:HOMB), parent company of Centennial Bank, today announced third
quarter net income of $18.4 million, or $0.33 diluted earnings per common
share, compared to $16.1 million of net income, or $0.28 diluted earnings per
common share (split adjusted) for the same quarter in 2012. The Company
increased its third quarter earnings by $2.3 million or 14.1% for the three
months ended September 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 third quarter of 2013 was $0.33 compared to $0.29 diluted earnings per
common share excluding intangible amortization (split adjusted) for the same
period in 2012.

"Home BancShares has achieved yet another record quarter for net income,
making it the tenth consecutive quarter to meet this outstanding
accomplishment," said John Allison, Chairman. "Our strong capital levels
continue to remain considerably above the regulators' capital requirements,
while our strong reserves have placed us in a position to partake in an
opportunity like the upcoming Liberty Bank market acquisition. This
game-changing merger of these two similarly sized Arkansas-based companies
with comparable cultures and history makes us confidently optimistic of the
Company's continued bright future when Liberty gets on board."

Randy Sims, Chief Executive Officer, added, "The $704,000 or 4.0% increase
from our previously reported record earnings is truly another outstanding
achievement.The Company also reported exceptional results for return on
average assets of 1.80%, net interest margin of 5.41% and efficiency ratio of
45.67%."

                             Operating Highlights

Net interest income for the third quarter of 2013 increased 20.0% to $46.4
million from $38.6 million during the third quarter of 2012. For the third
quarter of 2013, the effective yield on non-covered loans and covered loans
was 5.88% and 12.76%, respectively. Net interest margin, on a fully taxable
equivalent basis, was 5.41% for the quarter just ended compared to 4.65% in
the third quarter of 2012, an increase of 76 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 $9.3 million of non-interest income for the third quarter
of 2013, compared to $10.6 million for the third quarter of 2012.The most
important components of the third quarter non-interest income were $4.1
million from service charges on deposits accounts, $3.7 million from other
service charges and fees, $1.5 million from mortgage lending income, $1.0
million from other income, $777,000 from gain on sale of other real estate
owned, $519,000 from insurance commissions, and $303,000 from gain on sale of
assets offset by the $3.2 million of net amortization on the FDIC
indemnification asset. 

Non-interest expense for the third quarter of 2013 was $26.7 million compared
to $24.0 million for the third quarter of 2012.This increase is primarily
associated with the acquisition of Heritage Bank of Florida and Premier Bank
during the fourth quarter of 2012.Excluding merger expenses non-interest
expense improved by $173,000 for the third quarter of 2013 from the second
quarter of 2013.For the third quarter of 2013, our core efficiency ratio was
44.8% which was an enhancement of 100 basis points from the second quarter of
2013.

                             Financial Condition

Total non-covered loans were $2.38 billion at September 30, 2013 compared to
$2.33 billion at December 31, 2012. Total covered loans were $308.1 million
at September 30, 2013 compared to $384.9 million at December 31, 2012. Total
deposits were $3.25 billion at September 30, 2013 compared to $3.48 billion at
December 31, 2012. Total assets were $4.16 billion at September 30, 2013
compared to $4.24 billion at December 31, 2012.

Non-performing non-covered loans were $28.4 million as of September 30, 2013,
of which $21.3 million were located in Florida.Non-performing non-covered
loans as a percent of total non-covered loans were 1.20% as of September 30,
2013 compared to 1.17% as of December 31, 2012. Non-performing non-covered
assets were $42.8 million as of September 30, 2013, of which $25.5 million
were located in Florida.Non-performing non-covered assets as a percent of
total non-covered assets were 1.15% as of September 30, 2013 compared to 1.30%
as of December 31, 2012.

The Company's allowance for loan losses for non-covered loans was $37.6
million at September 30, 2013, or 1.58% of total non-covered loans, compared
to $45.2 million, or 1.94% of total non-covered loans, at December 31, 2012.
As of September 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 4.68% and 5.26%, respectively.As of September
30, 2013 and December 31, 2012, the Company's allowance for loan losses for
non-covered loans was 132% and 166% of its total non-performing non-covered
loans, respectively.

Stockholders' equity was $545.1 million at September 30, 2013 compared to
$515.5 million at December 31, 2012, an increase of $29.7 million. Book value
per common share was $9.69 at September 30, 2013 compared to $9.17 (split
adjusted) at December 31, 2012.

                                   Branches

During the third quarter, the Company opened two de novo branch locations one
on Highway 30A in Seagrove, Florida and the other in Pensacola, Florida.The
Company currently has no plans for additional de novo branch locations.During
the fourth quarter of 2013, the Company has plans to close one branch in
Panama City, Florida.

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 the day following the Home BancShares and
Liberty Bancshares shareholder meetings to be held on October 23, 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, October 17, 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: 10033818, which will be available until October 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 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)
                                                                     
                     Sep. 30,   Jun. 30,   Mar. 31,   Dec. 31,   Sep. 30,
(In thousands)      2013       2013       2013       2012       2012
                                                                     
ASSETS                                                                
                                                                     
Cash and due from    $77,261    $75,148    $95,604    $101,972   $86,381
banks
Interest-bearing
deposits with other   35,080      97,576      206,753     129,883     69,248
banks
Cash and cash        112,341     172,724     302,357     231,855     155,629
equivalents
Federal funds sold  10,700      2,475       2,850       17,148      1,775
Investment
securities -          839,560     736,406     724,929     726,223     755,197
available-for-sale
Investment
securities -          9,528       --         --         --         --
held-to-maturity
Loans receivable not
covered by loss       2,378,838   2,339,242   2,309,146   2,331,199   2,076,248
share
Loans receivable
covered by FDIC loss  308,072     329,802     358,669     384,884     407,416
share
Allowance for loan   (38,748)    (41,450)    (45,935)    (50,632)    (54,440)
losses
Loans receivable,    2,648,162   2,627,594   2,621,880   2,665,451   2,429,224
net
Bank premises and    119,637     119,737     117,534     113,883     105,131
equipment, net
Foreclosed assets
held for sale not     14,158      15,985      18,861      20,393      14,942
covered by loss
share
Foreclosed assets
held for sale covered 24,320      27,073      29,928      31,526      31,799
by FDIC loss share
FDIC indemnification 101,192     116,071     126,275     139,646     153,758
asset
Cash value of life   59,602      59,401      59,185      59,219      53,366
insurance
Accrued interest     14,275      14,424      14,367      16,305      14,872
receivable
Deferred tax asset,  46,045      46,655      40,907      46,998      33,680
net
Goodwill            85,681      85,681      85,681      85,681      77,090
Core deposit and     9,655       10,457      11,259      12,061      9,792
other intangibles
Other assets        66,450      56,654      69,494      75,741      51,654
Total assets        $4,161,306 $4,091,337 $4,225,507 $4,242,130 $3,887,909
                                                                     
LIABILITIES AND                                                       
STOCKHOLDERS' EQUITY
                                                                     
Liabilities                                                           
Deposits:                                                           
Demand and           $757,328   $733,374   $717,830   $666,414   $596,746
non-interest-bearing
Savings and
interest-bearing      1,683,010   1,735,280   1,810,957   1,784,047   1,527,829
transaction accounts
Time deposits       808,480     856,581     936,649     1,032,991   1,007,894
Total deposits      3,248,818   3,325,235   3,465,436   3,483,452   3,132,469
Federal funds        --         --         --         --         --
purchased
Securities sold
under agreements to   71,307      73,461      77,194      66,278      61,499
repurchase
FHLB borrowed funds 270,232     130,251     130,369     130,388     130,506
Accrued interest
payable and other     22,714      25,787      21,020      17,672      24,590
liabilities
Subordinated         3,093       3,093       3,093       28,867      28,867
debentures
Total liabilities   3,616,164   3,557,827   3,697,112   3,726,657   3,377,931
                                                                     
Stockholders'                                                        
equity
Common stock        563         562         281         281         282
Capital surplus     417,627     416,795     416,741     416,354     420,595
Retained earnings   128,316     114,172     100,730     86,837      77,190
Accumulated other    (1,364)     1,981       10,643      12,001      11,911
comprehensive income
Total stockholders'  545,142     533,510     528,395     515,473     509,978
equity
Total liabilities
and stockholders'     $4,161,306 $4,091,337 $4,225,507 $4,242,130 $3,887,909
equity


Home BancShares, Inc.
Consolidated Statements of Income
(Unaudited)
                                                                              
                       Quarter Ended                                   Nine Months Ended
                       Sep.     Jun.     Mar.     Dec.     Sep.     Sep. 30, Sep. 30,
                        30,      30,      31,      31,      30,
(In thousands)        2013    2013    2013    2012    2012    2013     2012
                                                                              
                                                                              
Interest income                                                              
Loans                 $45,003 $44,036 $44,159 $41,203 $39,285 $133,198 $118,156
Investment securities                                                        
Taxable               2,645    2,490    2,403    2,708    2,598    7,538     8,518
Tax-exempt            1,507    1,467    1,481    1,544    1,541    4,455     4,610
Deposits - other       19       86       98       52       115      203       327
banks
Federal funds sold    2        6        7        9        3        15        8
                                                                              
Total interest income 49,176   48,085   48,148   45,516   43,542   145,409   131,619
                                                                              
Interest expense                                                             
Interest on deposits  1,810    2,129    2,485    2,877    3,288    6,424     12,112
Federal funds          3        --      --      1        --      3         --
purchased
FHLB borrowed funds   910      1,012    1,004    1,030    1,040    2,926     3,334
Securities sold under
agreements to           87       86       80       79       107      253       328
repurchase
Subordinated           16       17       230      247      482      263       1,527
debentures
                                                                              
Total interest         2,826    3,244    3,799    4,234    4,917    9,869     17,301
expense
                                                                              
Net interest income   46,350   44,841   44,349   41,282   38,625   135,540   114,318
Provision for loan     --      850      --      1,250    167      850       1,500
losses
Net interest income
after provision for     46,350   43,991   44,349   40,032   38,458   134,690   112,818
loan losses
                                                                              
Non-interest income                                                          
Service charges on     4,072    4,088    3,709    4,062    3,834    11,869    11,007
deposit accounts
Other service charges  3,671    3,479    3,437    3,062    3,119    10,587    9,366
and fees
Mortgage lending       1,527    1,619    1,372    1,461    1,550    4,518     3,731
income
Insurance commissions 519      444      679      368      512      1,642     1,501
Income from title      156      136      109      133      112      401       329
services
Increase in cash value 203      218      180      202      200      601       671
of life insurance
Dividends from FHLB,
FRB, bankers' bank &    179      401      175      635      182      755       532
other
Gain on acquisitions  --      --      --      5,205    --      --       --
Gain on sale of SBA    79       --      56       --      206      135       404
loans
Gain (loss) on sale of 303      394      15       (30)     (5)      712       354
premises & equip, net
Gain (loss) on OREO,   777      441      86       121      (222)    1,304     (170)
net
Gain (loss) on         --      111      --      (1)      --      111       10
securities, net
FDIC indemnification
accretion/amortization, (3,177)  (2,283)  (1,992)  229      373      (7,452)   1,492
net
Other income          1,009    757      1,199    740      765      2,965     2,555
                                                                              
Total non-interest     9,318    9,805    9,025    16,187   10,626   28,148    31,782
income
                                                                              
Non-interest expense                                                         
Salaries and employee  12,981   12,957   12,952   12,348   11,652   38,890    34,941
benefits
Occupancy and          4,010    3,894    3,594    3,712    3,805    11,498    10,788
equipment
Data processing        1,114    1,231    1,510    1,331    1,137    3,855     3,599
expense
Other operating        8,610    7,773    7,807    12,186   7,387    24,190    23,463
expenses
                                                                              
Total non-interest     26,715   25,855   25,863   29,577   23,981   78,433    72,791
expense
                                                                              
Income before income   28,953   27,941   27,511   26,642   25,103   84,405    71,809
taxes
Income tax expense    10,590   10,282   9,963    9,703    9,008    30,835    25,726
Net income available   $18,363 $17,659 $17,548 $16,939 $16,095 $53,570  $46,083
to all shareholders


Home BancShares, Inc.
Selected Financial Information
(Unaudited)                                                                             
                                                                   
             Quarter Ended                                   Nine Months Ended
(Dollars and Sep.     Jun.     Mar.     Dec.     Sep.     Sep.     Sep.
shares in     30,      30,      31,      31,      30,      30,      30,
thousands,
except per   2013    2013    2013    2012    2012    2013    2012
share data)
                                                                   
                                                                   
PER SHARE                                                           
DATA
                                                                   
Diluted
earnings per  $0.33   $0.31   $0.31   $0.30   $0.28   $0.95   $0.81
common share
Diluted
earnings per
common share
excluding     0.33     0.32     0.32     0.31     0.29     0.97     0.83

intangible
amortization
Basic
earnings per  0.33     0.32     0.31     0.30     0.29     0.96     0.82
common share
Dividends
per share -   0.075    0.075    0.065    0.130    0.060    0.215    0.160
common
Book value
per common    9.69     9.49     9.40     9.17     9.05     9.69     9.05
share
Tangible
book value    7.99     7.78     7.67     7.43     7.51     7.99     7.51
per common
share
                                                                   
STOCK                                                               
INFORMATION
                                                                   
Average
common shares 56,256   56,234   56,222   56,145   56,299   56,238   56,316
outstanding
Average
diluted       56,620   56,577   56,535   56,486   56,680   56,577   56,688
shares
outstanding
End of
period common 56,278   56,243   56,229   56,213   56,363   56,278   56,363
shares
outstanding
                                                                   
ANNUALIZED
PERFORMANCE                                                         
METRICS
                                                                   
Return on
average       1.80%     1.71%     1.70%     1.67%     1.61%     1.73%     1.56%
assets
Return on
average
assets
excluding     1.89%     1.80%     1.79%     1.75%     1.69%     1.82%     1.63%

intangible
amortization
Return on
average
assets
excluding
intangible

amortization,
provision for
loan losses,
merger
          3.09%     2.93%     2.77%     2.88%     2.69%     2.93%     2.67%
expenses,
bargain
purchase
gain, gain on
life

insurance
proceeds and
income taxes
(Core ROA)
Return on
average       13.63%    13.27%    13.68%    13.19%    12.78%    13.53%    12.60%
common
equity
Return on
average
tangible
common equity 17.04%    16.65%    17.29%    16.46%    15.88%    16.99%    15.66%

excluding
intangible
amortization
Efficiency   45.67%    44.98%    46.03%    49.21%    46.24%    45.56%    47.35%
ratio
Core
efficiency    44.76%    45.76%    46.39%    44.40%    45.63%    45.63%    46.21%
ratio
Net interest 5.41%     5.18%     5.15%     4.86%     4.65%     5.25%     4.65%
margin - FTE
Fully
taxable       $1,073  $1,051  $1,075  $1,122  $1,112  $3,199  $3,353
equivalent
adjustment
Total        58,494   57,890   57,173   61,703   54,168   173,557  163,401
revenue
                                                                   
EARNINGS                                                            
EXCLUDING
INTANGIBLE                                                          
AMORTIZATION
                                                                   
GAAP net
income
available to  $18,363 $17,659 $17,548 $16,939 $16,095 $53,570 $46,083
 common
shareholders
Intangible
amortization  487      488      487      452      421      1,462    1,226
after-tax
Earnings
excluding     $18,850 $18,147 $18,035 $17,391 $16,516 $55,032 $47,309
intangible
amortization
                                                                   
GAAP diluted
earnings per  $0.33   $0.31   $0.31   $0.30   $0.28   $0.95   $0.81
share
Intangible
amortization  --      0.01     0.01     0.01     0.01     0.02     0.02
after-tax
Diluted
earnings per
share
excluding     $0.33   $0.32   $0.32   $0.31   $0.29   $0.97   $0.83

intangible
amortization
                                                                   
OTHER
OPERATING                                                           
EXPENSES
                                                                   
Advertising $363    $120    $693    $549    $534    $1,176  $1,898
Merger and
acquisition   1,034    1        28       5,169    296      1,063    1,988
expenses
Amortization
of            802      802      802      743      694      2,406    2,018
intangibles
Electronic
banking       926      960      863      845      809      2,749    2,330
expense
Directors'   188      210      190      196      206      588      611
fees
Due from
bank service  136      168      133      124      137      437      412
charges
FDIC and
state         684      677      630      571      588      1,991    1,742
assessment
Insurance   572      555      566      501      448      1,693    1,273
Legal and    227      394      322      225      231      943      840
accounting
Other
professional  404      490      473      392      411      1,367    1,263
fees
Operating    309      332      343      299      280      984      835
supplies
Postage     212      231      207      216      219      650      680
Telephone   291      291      303      282      270      885      792
Other        2,462    2,542    2,254    2,074    2,264    7,258    6,781
expense
                                                                   
Total other
operating     $8,610  $7,773  $7,807  $12,186 $7,387  $24,190 $23,463
expenses


Home BancShares, Inc.
Selected Financial Information
(Unaudited)
                                                               
                       Sep. 30, Jun. 30, Mar. 31, Dec. 31, Sep. 30,
(Dollars in            2013     2013     2013     2012     2012
thousands)
                                                               
BALANCE SHEET RATIOS                                            
                                                               
Total loans to total   82.70%     80.27%     76.98%     77.97%     79.29%
deposits
Common equity to       13.1%      13.0%      12.5%      12.2%      13.1%
assets
Tangible common equity 11.1%      10.9%      10.5%      10.1%      11.1%
to tangible assets
                                                               
ALLOWANCE FOR LOAN                                              
LOSSES
                                                               
Non-Covered                                                   
Balance, beginning of  $40,498  $42,302  $45,170  $47,292  $49,846
period
Loans charged off     5,101     3,361     3,318     3,739     3,984
Recoveries of loans    2,245     807       450       367       1,430
previously charged off
Net loans charged off 2,856     2,554     2,868     3,372     2,554
Provision for loan     --       750       --       1,250     --
losses
Balance, end of        $37,642  $40,498  $42,302  $45,170  $47,292
period
                                                               
Discount for credit
losses on non-covered   77,413    80,322    80,305    81,717    14,712
loans acquired
Net charge-offs on
loans not covered by
loss share              0.48%      0.44%      0.50%      0.61%      0.50%
 to average
non-covered loans
Allowance for loan
losses for non-covered
loans                   1.58%      1.73%      1.83%      1.94%      2.28%
 to total
non-covered loans
Allowance for loan
losses for non-covered
loans plus
 discount for
credit losses on
non-covered loans       4.68%      4.99%      5.13%      5.26%      2.97%
 acquired to total
non-covered loans plus
discount
 for credit losses
on non-covered loans
acquired
                                                               
Covered                                                         
Balance, beginning of  $952     $3,633   $5,462   $7,148   $6,665
period
Loans charged off     --       3,187     1,840     1,688     354
Recoveries of loans    154       6         11        2         --
previously charged off
Net loans charged off (154)     3,181     1,829     1,686     354
Provision for loan
losses before benefit
attributable            --       500       --       --       837
 to FDIC loss share
agreements
Benefit attributable
to FDIC loss share      --       (400)     --       --       (670)
agreements
Net provision for loan --       100       --       --       167
losses
Increase in FDIC       --       400       --       --       670
indemnificaton asset
Balance, end of        $1,106   $952     $3,633   $5,462   $7,148
period
                                                               
Total Allowance for    $38,748  $41,450  $45,935  $50,632  $54,440
Loan Losses
                                                               
NON-PERFORMING ASSETS                                           
NOT COVERED BY LOSS                                             
SHARE
                                                               
Non-performing                                                 
non-covered loans
Non-accrual            $17,187  $17,798  $19,078  $21,336  $20,183
non-covered loans
Non-covered loans past 11,248    11,514    6,692     5,937     2,424
due 90 days or more
Total non-performing   28,435    29,312    25,770    27,273    22,607
non-covered loans
Other non-performing                                           
non-covered assets
Non-covered foreclosed
assets held for sale,   14,158    15,985    18,861    20,393    14,942
net
Other non-performing   185       172       285       164       1
non-covered assets
Total other
non-performing          14,343    16,157    19,146    20,557    14,943
non-covered assets
Total non-performing   $42,778  $45,469  $44,916  $47,830  $37,550
non-covered assets
                                                               
Allowance for loan
losses for non-covered
loans to                132.38%    138.16%    164.15%    165.62%    209.19%
 non-performing
non-covered loans
Non-performing
non-covered loans to    1.20%      1.25%      1.12%      1.17%      1.09%
total
 non-covered loans
Non-performing
non-covered assets to
total                   1.15%      1.26%      1.21%      1.30%      1.14%
 non-covered
assets


Home BancShares, Inc.
Loan Information
(Unaudited)
                                                                          
                          Sep. 30,   Jun. 30,   Mar. 31,   Dec. 31,   Sep. 30,
(Dollars in thousands)   2013       2013       2013       2012       2012
                                                                          
                                                                          
LOANS NOT COVERED BY LOSS                                                  
SHARE
                                                                          
Real estate                                                              
Commercial real estate                                                    
loans
Non-farm/non-residential $1,026,937 $1,003,391 $1,014,301 $1,019,039 $887,895
Construction/land         314,232     281,994     254,673     254,800     282,269
development
Agricultural             31,906      31,119      34,288      32,513      28,403
Residential real estate                                                   
loans
Residential 1-4 family   529,732     528,260     531,698     549,269     473,412
Multifamily residential  117,639     120,899     122,998     129,742     105,369
Total real estate        2,020,446   1,965,663   1,957,958   1,985,363   1,777,348
Consumer                 30,478      32,671      33,823      37,462      35,433
Commercial and            268,900     287,351     269,463     256,908     200,160
industrial
Agricultural             30,612      26,462      16,573      19,825      36,239
Other                    28,402      27,095      31,329      31,641      27,068
Loans receivable not      $2,378,838 $2,339,242 $2,309,146 $2,331,199 $2,076,248
covered by loss share
                                                                          
                                                                          
                                                                          
LOANS COVERED BY LOSS                                                      
SHARE
                                                                          
Real estate                                                              
Commercial real estate                                                    
loans
Non-farm/non-residential $134,843   $143,922   $155,345   $164,723   $175,195
Construction/land         51,492      56,447      58,384      66,713      71,958
development
Agricultural             1,253       1,784       2,256       2,282       2,289
Residential real estate                                                   
loans
Residential 1-4 family   102,673     107,612     120,246     125,625     130,425
Multifamily residential  10,525      10,644      9,443       9,567       10,062
Total real estate        300,786     320,409     345,674     368,910     389,929
Consumer                 17          20          28          39          70
Commercial and            6,291       8,193       11,712      14,668      16,878
industrial
Agricultural             --         --         --         --         --
Other                    978         1,180       1,255       1,267       539
Loans receivable covered  $308,072   $329,802   $358,669   $384,884   $407,416
by loss share


Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
                                                                
                  Three Months Ended
                  September 30, 2013          June 30, 2013
                  Average  Income/ Yield/ Average  Income/ Yield/
(Dollars in       Balance  Expense Rate   Balance  Expense Rate
thousands)
                                                                
                                                                
ASSETS                                                           
Earning assets                                                 
Interest-bearing
balances due from  $40,756  $19     0.18%    $135,431 $86     0.25%
banks
Federal funds     4,411     2        0.18%    10,169    6        0.24%
sold
Investment
securities -       579,867   2,645    1.81%    572,997   2,490    1.74%
taxable
Investment
securities -       183,341   2,462    5.33%    172,439   2,394    5.57%
non-taxable - FTE
Loans receivable  2,668,421 45,121   6.71%    2,663,627 44,160   6.65%
- FTE
Total
interest-earning   3,476,796 50,249   5.73%    3,554,663 49,136   5.54%
assets
Non-earning       569,829                    592,822            
assets
Total assets     $                          $                  
                   4,046,625                     4,147,485
                                                                
LIABILITIES AND
SHAREHOLDERS'                                                    
EQUITY
Liabilities                                                    
Interest-bearing                                                
liabilities
Savings and
interest-bearing   $         $637    0.15%    $         $741    0.17%
transaction        1,691,077                     1,779,269
accounts
Time deposits    832,149   1,173    0.56%    900,809   1,388    0.62%
Total
interest-bearing   2,523,226 1,810    0.28%    2,680,078 2,129    0.32%
deposits
Federal funds     1,511     3        0.00%    1         --      0.00%
purchased
Securities sold
under agreement to 73,924    87       0.47%    72,599    86       0.48%
repurchase
FHLB borrowed     144,467   910      2.50%    130,282   1,012    3.12%
funds
Subordinated      3,093     16       2.05%    3,093     17       2.20%
debentures
Total
interest-bearing   2,746,221 2,826    0.41%    2,886,053 3,244    0.45%
liabilities
Non-interest
bearing                                                          
liabilities
Non-interest      738,526                    704,847            
bearing deposits
Other             27,315                     22,939             
liabilities
Total             3,512,062                  3,613,839          
liabilities
Shareholders'     534,563                    533,646            
equity
Total liabilities $                            $
and shareholders'  4,046,625                   4,147,485           
equity
Net interest                         5.32%                       5.09%
spread
Net interest
income and margin            $47,423 5.41%              $45,892 5.18%
- FTE


Home BancShares, Inc.
Consolidated Net Interest Margin
(Unaudited)
                                                                 
                 Nine Months Ended
                 September 30, 2013           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 $108,646 $203     0.25%    $188,874 $327     0.23%
banks
Federal funds    10,060    15        0.20%    4,527     8         0.24%
sold
Investment
securities -      571,375   7,538     1.76%    580,492   8,518     1.96%
taxable
Investment
securities -      173,796   7,275     5.60%    155,636   7,505     6.44%
non-taxable -
FTE
Loans receivable 2,672,088 133,577   6.68%    2,451,553 118,614   6.46%
- FTE
Total
interest-earning  3,535,965 148,608   5.62%    3,381,082 134,972   5.33%
assets
Non-earning      592,438                     577,227             
assets
Total assets    $                           $                   
                  4,128,403                      3,958,309
                                                                 
LIABILITIES AND
SHAREHOLDERS'                                                     
EQUITY
Liabilities                                                     
Interest-bearing                                                 
liabilities
Savings and
interest-bearing  $         $2,191   0.17%    $         $2,788   0.26%
transaction       1,747,040                      1,457,121
accounts
Time deposits   906,015   4,233     0.62%    1,188,074 9,324     1.05%
Total
interest-bearing  2,653,055 6,424     0.32%    2,645,195 12,112    0.61%
deposits
Federal funds    510       3         0.00%    232       --       0.00%
purchased
Securities sold
under agreement   72,078    253       0.47%    68,425    328       0.64%
to repurchase
FHLB borrowed    135,093   2,926     2.90%    138,288   3,334     3.22%
funds
Subordinated     11,023    263       3.19%    43,541    1,527     4.68%
debentures
Total
interest-bearing  2,871,759 9,869     0.46%    2,895,681 17,301    0.80%
liabilities
Non-interest
bearing                                                           
liabilities
Non-interest     704,123                     551,628             
bearing deposits
Other            22,967                      22,563              
liabilities
Total            3,598,849                   3,469,872           
liabilities
Shareholders'    529,554                     488,437             
equity
Total
liabilities and   $                           $                   
shareholders'     4,128,403                      3,958,309
equity
Net interest                         5.16%                        4.53%
spread
Net interest
income and margin           $138,739 5.25%              $117,671 4.65%
- FTE

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

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