At a glance
Home Bancshares Inc is worth $5.95B, about 12 times its fiscal 2025 earnings. Revenue grew 7.2% to $1.09B in fiscal 2025, with 43.6% kept as profit; over 5 years it has grown 9.5% a year. It pays a 2.89% dividend yield, raised every year for at least 9 years, and returned $1.01B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +13.0% over the past year with dividends reinvested and +7.9% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 48.7% in the 2020 crash (S&P 500: 33.7%) and 21.3% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 8 months and 3 months after the lows.
The business in plain English
Home BancShares, based in Conway, Arkansas, is a holding company that owns Centennial Bank. Centennial has branches in Arkansas, Florida, Texas, South Alabama and New York City. It takes deposits and lends to businesses, property developers and investors, individuals and local governments. Commercial real estate loans, which finance buildings such as offices, shops and apartments, made up 53.2% of gross loans at December 31, 2025, down from 57.6% a year earlier.
Like other banks, it earns most of its money from net interest income: the difference between interest collected on loans and securities and interest paid on deposits. In 2025 that came to $892.4 million of $1.09 billion in total revenue. Noninterest income, such as fees, added $198.5 million. Net income was $475.4 million. Two national lending arms reach beyond the branches. Centennial Commercial Finance Group makes property and business loans from New York, Los Angeles and Dallas. Shore Premier Finance makes boat and yacht loans from offices in Virginia and Maryland. The 10-K gives no revenue split by segment or region.
Growth has come largely from acquisitions: 23 banks since 1999, the largest being Happy Bancshares of Amarillo, Texas, in 2022. In December 2025 it agreed to acquire Mountain Commerce Bancorp of Knoxville, Tennessee, in exchange for about 5.4 million new shares.
Price history
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HOMB +13.0% over the year to Oct 28, 2026, total return with dividends reinvested.
Latest results
- In Q2 FY2026 (ended Jun 30, 2026), revenue was $295.1M, up 8.9% from a year earlier, and net income was $119.3M (+0.8%).
- For fiscal 2025, revenue was $1.09B (+7.2% year over year; +9.5% a year from FY2020 to FY2025) with a 43.6% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +9.5% good |
|---|---|
| Return on equity | 11.1% watch |
| Net income / revenue | 43.6% good |
| Deposits | $19.11B |
| Loans | $16.80B |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $694.3M | $214.4M | — |
| FY2021 | $710.5M | $319.0M | — |
| FY2022 | $933.8M | $305.3M | — |
| FY2023 | $996.9M | $392.9M | — |
| FY2024 | $1.02B | $402.2M | — |
| FY2025 | $1.09B | $475.4M | — |
Valuation snapshot
| Market value | $5.95B |
|---|---|
| P/E ratio | 12.3 |
| Dividend yield | 2.89% |
Rank among 1514 US companies
Market value at each year end
Home Bancshares’s market value went from $3.90B at the end of 2016 to $5.95B on Oct 28, 2026, up 52%; since the end of 2025 it is up 9%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $5.95B | +8.9% |
| 2025 | $5.46B | -3.0% |
| 2024 | $5.63B | +10.1% |
| 2023 | $5.11B | +9.9% |
| 2022 | $4.65B | +16.6% |
| 2021 | $3.99B | +23.9% |
| 2020 | $3.22B | -1.9% |
| 2019 | $3.28B | +16.1% |
| 2018 | $2.83B | -30.0% |
| 2017 | $4.04B | +3.5% |
| 2016 | $3.90B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| HOMB price data to Oct 28, 2026 | +9.4% | +13.0% | +17.2% | +7.9% | +6.1% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +9.4% |
| 2025 | +0.9% |
| 2024 | +15.1% |
| 2023 | +14.8% |
| 2022 | -3.6% |
| 2021 | +27.8% |
| 2020 | +2.3% |
| 2019 | +23.6% |
| 2018 | -28.3% |
| 2017 | -14.9% |
| 2016 | +39.3% |
| 2015 | +27.9% |
| 2014 | -12.9% |
| 2013 | +129.1% |
| 2012 | +29.9% |
| 2011 | +18.9% |
| 2010 | +1.6% |
| 2009 | -9.9% |
| 2008 | +39.1% |
| 2007 | -12.7% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 30.1% over that stretch · deepest drop along the way 52.8%, back to its old high 37.4 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 48.1% over that stretch · deepest drop along the way 48.7%, back to its old high 7.8 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 2.2% over that stretch · deepest drop along the way 21.3%, back to its old high 3.2 months after the low |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 1 open-market purchases ($2.7M) and 8 sales ($2.6M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Apr 17, 2026 | John W Allison Chairman & CEO, Director | buy | $2.7M |
| Feb 11, 2026 | James G Hinkle Director | sell | $908K |
| Aug 11, 2026 | Jim Rankin Director | sell | $463K |
| Oct 29, 2026 | John W II Allison Director | sell | $406K |
| Aug 4, 2026 | John Stephen Tipton Centennial Bank CEO | sell | $379K |
Who owns it
Large shareholders (13G filings)
| Vanguard Portfolio Management | 5.6% | Mar 31, 2026 |
| Vanguard Capital Management | 5.03% | Jun 30, 2026 |
ETFs with the most weight in HOMB
| FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.1% |
| OSCV Opus Small Cap Value ETF | 1.64% |
| XMVM Invesco S&P MidCap Value with Momentum ETF | 0.98% |
| FNY First Trust Mid Cap Growth AlphaDEX Fund | 0.58% |
| SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 0.54% |
| SVAL iShares US Small Cap Value Factor ETF | 0.53% |
| IWN iShares Russell 2000 Value ETF | 0.45% |
| SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF | 0.44% |
What could go wrong
- Heavy reliance on commercial real estate loans. Commercial real estate loans were 53.2% of gross loans at December 31, 2025, equal to 194.3% of stockholders' equity, its cushion against losses. Falling property values could leave loans larger than the property backing them.
- Concentrated in a handful of Southern states. Its banking activity is concentrated in Arkansas, Florida, Texas and South Alabama. A regional recession, falling local property prices or severe weather in those markets could hurt many borrowers at once.
- Acquisitions can bring hidden problems. Acquiring banks is central to its growth. Deals can carry undiscovered bad loans, cost more than planned or fall short of expected benefits, as the 10-K warns for the Mountain Commerce merger.
- Big exposures to individual borrowers. The bank has concentrated exposure to a number of individual borrowers. A significant loss on any one of those large loans could materially hurt its results.
- Reliance on its co-founder and key bankers. Chairman and CEO John W. Allison, 79 at the end of 2025, led the investor group that formed the company in 1998. The 10-K warns that losing key employees could materially hurt results.
- Interest rates and deposit costs. Profits depend on the spread between loan yields and deposit costs. Federal Reserve moves and competition for deposits can squeeze it, and higher rates can lower the value of its investment securities.
Recent events
- Quarterly results released; Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
- Shareholder vote results
- Quarterly results released; Investor presentation or announcement
- Investor presentation or announcement; Other company announcement
- Other company announcement
- Other company announcement
- Executive or board change
- Quarterly results released; Investor presentation or announcement
- Major agreement signed; Investor presentation or announcement
For income and retirement investors
Home BancShares has raised its dividend for at least nine consecutive years through 2025, and the streak may be longer. Dividends grew from $0.53 a share in 2020 to $0.805 in 2025, about 8.7% a year, and took 33.4% of 2025 earnings. The yield was 2.89% as of October 28, 2026. From 2021 to 2025 it paid $675.4 million in dividends and spent $332.8 million repurchasing its own shares. Even so, the share count rose 22.1% between November 2021 and August 2026, largely because it issued about 42.4 million shares to acquire Happy Bancshares in 2022.
The share price has fallen hard in crises. It dropped 52.8% during the 2008 financial crisis and took about 37 months to recover. It fell 48.7% in the 2020 COVID crash but recovered in about eight months, and fell 21.3% in the 2022 bear market before recovering in about three. A single stock carries more risk than a diversified fund.
Questions investors ask
Does Home BancShares raise its dividend every year?
Yes, so far. Its SEC filings show dividends per share rising for at least nine consecutive years through fiscal 2025, and the streak may be longer. The regular dividend reached $0.805 per share in 2025, up from $0.53 in 2020, and used 33.4% of earnings. The 10-K warns that the company may be unable to, or choose not to, pay dividends, and bank regulations can restrict payouts.
How does Home BancShares make money?
Mainly by lending. Its bank, Centennial Bank, earns more interest on loans and securities than it pays on deposits. That difference, called net interest income, was $892.4 million of the company's $1.09 billion total revenue in 2025. Fees and other noninterest income added $198.5 million. Commercial real estate is the biggest loan type, at 53.2% of gross loans at December 31, 2025. National lending arms also make property, business and boat loans.
Is Centennial Bank owned by Home BancShares?
Yes. Centennial Bank is the wholly owned community bank of Home BancShares, a holding company headquartered in Conway, Arkansas. Centennial has branches in Arkansas, Florida, Texas, South Alabama and New York City, plus lending offices in Los Angeles, Dallas, Chesapeake, Virginia, and Baltimore, Maryland. Banks the company acquired, including Happy State Bank of Amarillo, Texas, in 2022, were merged into Centennial, which has operated under a single charter and name since 2009.
What is the Home BancShares and Mountain Commerce merger?
It is an all-stock deal, agreed December 7, 2025, for Home BancShares to acquire Mountain Commerce Bancorp of Knoxville, Tennessee, and its bank, Mountain Commerce Bank. Each Mountain Commerce share is to be exchanged for 0.85 Home BancShares shares, or about 5.4 million new shares in total, with cash only for fractional shares. The 10-K, filed February 27, 2026, said closing was expected in the second quarter of 2026, subject to regulatory approvals. Issuing new shares means each existing share represents a slightly smaller slice of a larger company.
What is HOMB's P/E ratio and dividend yield?
As of October 28, 2026, Home BancShares traded at about 12.3 times its fiscal 2025 diluted earnings of $2.41 per share. The dividend yield was 2.89% and the market value about $5.9 billion. The P/E ratio compares the share price with a year of profit per share. Return on equity, profit as a percentage of stockholders' capital, was 11.1% in 2025. These figures are worth comparing with other regional banks of similar size.