Home Bancshares Inc. (NYSE: HOMB) of Conway on Wednesday reported 2025 fourth-quarter net income of $118.2 million, up 17.5% from $100.6 million in the same quarter of 2024.
Per share, earnings were 60 cents. The earnings met Wall Street expectations, with Zacks Equity Research estimating earnings of 60 cents per share.
For the full year of 2025, the holding company for Centennial Bank posted record net income of $475.4 million, up 18.2% from $402.2 million in 2024.
Total revenue for the quarter increased 9.2% to $282.1 million from $258.4 million in the fourth quarter of 2024. Revenue beat analyst expectations of $270.2 million.
Total loans receivable came to $15.69 billion at the end of the quarter, a record for the company. The sum was 6.3% higher than the $14.76 billion in loans the bank reported in the same quarter of 2024.
Total deposits for the quarter were $17.48 billion, up nearly 2% from $17.15 billion in the fourth quarter of 2024. Total assets were $22.88 billion, slightly up from $22.49 billion in 2024.
During the fourth quarter of 2025, the company logged a $400.2 million increase in loans, leading to a rise in provision for credit losses. That number increased to $297.6 million for the quarter, or 1.90% of total loans, from $275.9 million, or 1.87% of total loans, in the fourth quarter of 2024.
The company’s community banking footprint accounted for $164.3 million of organic loan growth during the quarter. Centennial Commercial Finance Group, the bank’s national lending platform that specializes in commercial finance, experienced $235.9 million of organic loan growth, with loans totaling $2.01 billion at the end of the quarter.
Interest expense declined throughout 2025, decreasing from $105.6 million in the fourth quarter of 2024 to $92.0 million in the fourth quarter of 2025.
Non-interest expense rose 2% from $112.2 million in the fourth quarter of 2024 to $114.4 million in the fourth quarter of 2025.
CEO John Allison said the record annual results were driven in part by the resolution of legal matters involving Home BancShares’ 2022 acquisition of Happy Bancshares in Texas. The end of the dispute provided additional income.
The company’s $150 million acquisition of Mountain Commerce Bancshares Inc. of Tennessee and its bank subsidiary, Mountain Commerce Bank, is expected to close during the first half of 2026 and is still subject to the approval of the shareholders of each company, regulatory approvals and other customary closing conditions. Home BancShares reported $580,000 in merger and acquisition expenses in the quarter.
Shares of the company rose about 2% to close at $28.61 on Wednesday. Gains were nearly erased in after-hours trading as the stock fell. Over the past 12 months, shares were flat.
The company currently has 75 branches in Arkansas, 78 branches in Florida, 59 branches in Texas, five branches in Alabama and one branch in New York City.
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