EXHIBIT 99.1

Home BancShares, Inc. Announces Record Net Income of $54.7 Million for 2011

CONWAY, Ark., Jan. 19, 2012 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (Nasdaq:HOMB), parent company of Centennial Bank, today announced net income for the year ended December 31, 2011 of $54.7 million compared to $17.6 million for the year ended 2010. Diluted earnings per share for the year ended 2011 were $1.85, compared to $0.52 for 2010.

For the fourth quarter of 2011, the Company recorded net income of $14.2 million, or $0.50 diluted earnings per share compared to a net loss of $13.8 million, or $0.51 diluted loss per share for the same period in 2010.

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 2011 was $0.51 compared to $0.49 diluted loss per common share excluding intangible amortization for the same period in 2010.

"We are pleased with the record profit reported for 2011," said John Allison, Chairman. "Our efforts this year to make improvements were successful. We have continued to keep our strong capital levels considerably above the regulators' capital requirements all year. It is possible, therefore, to remain poised to benefit from opportunistic FDIC deals as they are presented."

Randy Sims, Chief Executive Officer, added, "Not only did we report distinct progress in our non-performing non-covered loans and non-performing non-covered assets when compared to those during 2010, but we also improved our net interest margin 54 basis points during the fourth quarter of 2011 over the fourth quarter of 2010. The overall success our Company achieved during 2011 is both encouraging for a job well done and promising for an optimistic future."

Operating Highlights

Net interest income for the fourth quarter of 2011 increased 5.8% to $35.3 million compared to $33.4 million for the fourth quarter of 2010. For the fourth quarter of 2011, the effective yield on non-covered loans and covered loans was 6.31% and 7.63%, respectively. Net interest margin, on a fully taxable equivalent basis, was 4.73% for the quarter just ended compared to 4.19% in the fourth quarter of 2010, an increase of 54 basis points. The Company's ability to improve pricing on its loan portfolio and interest bearing deposits allowed the Company to improve net interest margin.   

The Company reported $12.2 million of non-interest income for the fourth quarter of 2011, compared to $31.9 million for the fourth quarter of 2010. The most significant components of the fourth quarter non-interest income were $3.7 million from service charges on deposits accounts, $2.6 million from other service charges and fees, $2.2 million gain on sale of securities, $904,000 from mortgage lending income, $903,000 of accretion on the FDIC indemnification asset, $394,000 gain on sale of OREO, $351,000 from insurance commissions and $279,000 increase in cash value of life insurance. Excluding the 2010 fourth quarter $25.2 million gain on acquisitions, the Company increased fourth quarter non-interest income by $5.5 million, or 81.1%, for the three months ended December 31, 2011 compared to the same period of the previous year.

Non-interest expense for the fourth quarter of 2011 was $23.3 million compared to $26.2 million for the fourth quarter of 2010. For the fourth quarter of 2011, our core efficiency ratio was 48.76% or improved by 348 basis points from the same period of the previous year.  

Financial Condition

Total non-covered loans were $1.76 billion at December 31, 2011 compared to $1.89 billion at December 31, 2010. Total covered loans were $481.7 million at December 31, 2011 compared to $575.8 million at December 31, 2010. Total deposits were $2.86 billion at December 31, 2011 compared to $2.96 billion at December 31, 2010. Total assets were $3.60 billion at December 31, 2011 compared to $3.76 billion at December 31, 2010.

Non-performing non-covered loans were $27.5 million as of December 31, 2011, of which $19.7 million were located in Florida. Non-performing non-covered loans as a percent of total non-covered loans were 1.56% as of December 31, 2011 compared to 2.62% as of December 31, 2010. Non-performing non-covered assets were $44.1 million as of December 31, 2011, of which $24.2 million were located in Florida. Non-performing non-covered assets as a percent of total non-covered assets were 1.53% as of December 31, 2011 compared to the 2.08% reported for December 31, 2010. 

The Company's allowance for loan losses was $52.1 million at December 31, 2011, or 2.96% of total non-covered loans, compared to $53.3 million, or 2.82% of total non-covered loans, at December 31, 2010. As of December 31, 2011, the Company's allowance for loan losses was 190% of its total non-performing non-covered loans compared to 108% as of December 31, 2010.

Stockholders' equity was $474.1 million at December 31, 2011 compared to $476.9 million at December 31, 2010, a decrease of $2.9 million. The decrease is due to the Company repaying the TARP funds during the third quarter of 2011. Common stockholders' equity was $474.1 million at December 31, 2011 compared to $427.5 million at December 31, 2010, an increase of $46.6 million. Book value per common share was $16.77 at December 31, 2011 compared to $15.02 at December 31, 2010.

Stock Repurchase Program

During the fourth quarter of 2011, the Company utilized a small portion of its previously approved stock repurchase program. This program authorized the repurchase of 1,188,000 shares of the Company's common stock. For the period beginning December 9, 2011 and ending December 14, 2011, the Company repurchased a total of 50,000 shares with a weighted average stock price of $24.45. The Company believes the stock repurchased at this price is an excellent investment. These repurchased shares will be used along with the repurchases completed during the third quarter to fulfill a future restricted stock award program for the Company's management team. The fourth quarter earnings were used to fund this repurchase. 

Branches

During 2011, the Company completed eight strategic branch closures in Florida and two in Arkansas. Those closed in Florida during the first six months of 2011 include one branch in Port St. Joe, one grocery store branch in each of the Crawfordville and Blountstown locations and five branches associated with the acquisition of Gulf State Community Bank in 2010. The Arkansas branches which were closed during the fourth quarter include one branch in Searcy and one branch in Little Rock. The Arkansas branches were closed as a result of our efforts to improve efficiency of the Company.

Presently, the Company is evaluating opportunities but has no firm commitments for additional de novo branch locations.

Conference Call

Management will conduct a conference call to review this information at 1:00 p.m. CT (2:00 ET) on Thursday, January 19, 2012. 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: 10008154, which will be available until January 27, 2012 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, estimates regarding impairment charges, the ability to recover some portion of the impaired indebtedness 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, 2010 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, and the Florida Panhandle. 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)  Dec. 31,
2011
Sep. 30, 
2011
Jun. 30,
2011
Mar. 31,
2011
Dec. 31,
2010
           
ASSETS          
           
Cash and due from banks   $ 57,337  $ 48,748  $ 48,207  $ 58,123  $ 49,927
Interest-bearing deposits with other banks   126,967  104,053  231,667  201,834  237,605
Cash and cash equivalents   184,304  152,801  279,874  259,957  287,532
Federal funds sold   1,100  3,670  7,595  1,175  27,848
Investment securities - available for sale   671,221  610,522  541,534  510,019  469,864
Loans receivable not covered by loss share   1,760,086  1,826,373  1,812,718  1,849,302  1,892,374
Loans receivable covered by FDIC loss share   481,739  511,326  548,236  566,463  575,776
Allowance for loan losses   (52,129)  (54,508)  (56,784)  (53,591)  (53,348)
Loans receivable, net   2,189,696  2,283,191  2,304,170  2,362,174  2,414,802
Bank premises and equipment, net   88,465  89,894  90,128  90,413  81,939
Foreclosed assets held for sale not covered by loss share   16,660  16,541  19,855  17,877  11,626
Foreclosed assets held for sale covered by FDIC loss share   35,178  32,183  21,941  21,079  21,568
FDIC indemnification asset   193,856  201,211  211,383  224,075  227,258
Cash value of life insurance   52,700  52,422  52,101  51,815  51,970
Accrued interest receivable   15,551  15,038  12,338  15,337  16,176
Deferred tax asset, net   22,850  21,998  22,265  21,420  18,586
Goodwill   59,663  59,663  59,663  59,663  59,663
Core deposit and other intangibles   8,620  9,325  10,030  10,734  11,447
Other assets   64,253  73,707  61,592  58,042  62,367
Total assets   $ 3,604,117  $ 3,622,166  $ 3,694,469  $ 3,703,780  $ 3,762,646
           
LIABILITIES AND STOCKHOLDERS' EQUITY          
           
Liabilities          
Deposits:           
Demand and non-interest-bearing   $ 464,581  $ 479,512  $ 462,275  $ 447,245  $ 392,622
Savings and interest-bearing transaction accounts   1,189,098  1,143,335  1,122,034  1,112,948  1,108,309
Time deposits   1,204,352  1,262,202  1,315,484  1,357,338  1,460,867
Total deposits   2,858,031  2,885,049  2,899,793  2,917,531  2,961,798
Federal funds purchased   --   --   --   --   -- 
Securities sold under agreements to repurchase   62,319  62,407  65,632  69,834  74,459
FHLB borrowed funds   142,777  142,901  150,124  150,247  177,270
Accrued interest payable and other liabilities   22,593  24,339  30,140  33,512  27,863
Subordinated debentures   44,331  44,331  44,331  44,331  44,331
Total liabilities   3,130,051  3,159,027  3,190,020  3,215,455  3,285,721
           
Stockholders' equity           
Preferred stock   --   --   49,547  49,502  49,456
Common stock   283  283  285  285  285
Capital surplus   425,649  425,852  433,306  433,130  432,962
Retained earnings   40,130  28,218  15,766  4,428  (6,079)
Accumulated other comprehensive income (loss)   8,004  8,786  5,545  980  301
Total stockholders' equity   474,066  463,139  504,449  488,325  476,925
Total liabilities and stockholders' equity   $ 3,604,117  $ 3,622,166  $ 3,694,469  $ 3,703,780  $ 3,762,646
 
 
 Home BancShares, Inc. 
 Consolidated Statements of Income (Loss) 
 (Unaudited) 
               
   Quarter Ended   Year Ended 
 (In thousands)  Dec. 31,
2011
Sep. 30, 
2011
Jun. 30,
2011
Mar. 31,
2011
Dec. 31,
2010
Dec. 31,
2011
Dec. 31, 
2010
               
Interest income               
Loans   $ 38,110  $ 39,199  $ 39,690  $ 38,955  $ 39,187  $ 155,954  $ 137,862
Investment securities               
Taxable   2,451  2,429  2,204  2,160  1,688  9,244  7,052
Tax-exempt   1,562  1,546  1,543  1,528  1,292  6,179  5,763
Deposits - other banks   87  84  142  105  150  418  408
Federal funds sold   2  1  1  7  24  11  37
               
Total interest income   42,212  43,259  43,580  42,755  42,341  171,806  151,122
               
Interest expense               
Interest on deposits   5,084  5,638  5,986  6,260  6,816  22,968  24,302
Federal funds purchased   --   --   --   --   --   --   -- 
FHLB borrowed funds   1,172  1,250  1,227  1,291  1,461  4,940  7,574
Securities sold under 
agreements to repurchase 
 99  120  125  139  148  483  497
Subordinated debentures   540  539  543  538  539  2,160  2,335
               
Total interest expense   6,895  7,547  7,881  8,228  8,964  30,551  34,708
               
Net interest income   35,317  35,712  35,699  34,527  33,377  141,255  116,414
Provision for loan losses   2,250  --   --   1,250  63,000  3,500  72,850
Net interest income (loss) after 
provision for loan losses 
 33,067  35,712  35,699  33,277  (29,623)  137,755  43,564
               
Non-interest income               
Service charges on deposit accounts   3,659  3,638  3,639  3,151  3,325  14,087  13,600
Other service charges and fees   2,554  2,489  2,602  2,284  2,018  9,929  7,371
Mortgage lending income   904  783  661  645  1,289  2,993  3,111
Mortgage servicing income   --   --   --   --   --   --   314
Insurance commissions   351  428  470  607  276  1,856  1,180
Income from title services   121  126  110  91  110  448  463
Increase in cash value of life insurance   279  323  287  239  277  1,128  1,383
Dividends from FHLB, FRB & bankers' bank   174  184  181  141  142  680  561
Gain on acquisitions   --   --   --   --   25,150  --   34,484
Gain on sale of SBA loans   --   --   --   259  --   259  18
Gain (loss) on sale of premises & equip, net   (6)  6  77  (4)  (129)  73  92
Gain (loss) on OREO, net   394  69  (1,007)  (94)  358  (638)  (950)
Gain (loss) on securities, net   2,243  5  --   --   (3,606)  2,248  (3,643)
FDIC indemnification accretion   903  1,314  1,463  1,837  1,877  5,517  4,508
Other income   606  595  644  884  790  2,729  2,557
               
Total non-interest income   12,182  9,960  9,127  10,040  31,877  41,309  65,049
               
Non-interest expense               
Salaries and employee benefits   10,376  10,691  10,680  11,078  11,630  42,825  38,881
Occupancy and equipment   3,274  3,562  3,648  3,713  4,128  14,197  13,164
Data processing expense   994  1,185  1,137  1,285  972  4,601  3,636
Other operating expenses   8,625  8,298  8,391  7,785  9,432  33,099  29,320
               
Total non-interest expense   23,269  23,736  23,856  23,861  26,162  94,722  85,001
               
Income (loss) before income taxes   21,980  21,936  20,970  19,456  (23,908)  84,342  23,612
Income tax expense (benefit)   7,813  7,624  7,424  6,740  (10,101)  29,601  6,021
Net income (loss)   14,167  14,312  13,546  12,716  (13,807)  54,741  17,591
Preferred stock dividends & accretion of
discount on preferred stock 
 --   488  670  670  670  1,828  2,680
Net income (loss) available to common
shareholders 
 $ 14,167  $ 13,824  $ 12,876  $ 12,046  $ (14,477)  $ 52,913  $ 14,911
 
 
 Home BancShares, Inc. 
 Selected Financial Information 
 (Unaudited) 
               
   Quarter Ended  Year Ended
(Dollars and shares in thousands,
except per share data) 
Dec. 31,
2011
Sep. 30, 
2011
Jun. 30,
2011
Mar. 31,
2011
Dec. 31,
2010
Dec. 31,
2011
Dec. 31, 
2010
               
PER SHARE DATA              
               
Diluted earnings (loss) per common share   $ 0.50  $ 0.48  $ 0.45  $ 0.42  $ (0.51)  $ 1.85  $ 0.52
Diluted earnings (loss) per common share
excluding intangible amortization 
 0.51  0.50  0.46  0.44  (0.49)  1.91  0.58
Basic earnings (loss) per common share   0.50  0.48  0.46  0.42  (0.51)  1.86  0.53
Dividends per share - common   0.0800  0.0800  0.0540  0.0540  0.0540  0.2680  0.2165
Book value per common share   16.77  16.39  15.96  15.41  15.02  16.77  15.02
Tangible book value per common share   14.35  13.95  13.52  12.93  12.52  14.35  12.52
               
STOCK INFORMATION              
               
Average common shares outstanding   28,274  28,434  28,491  28,469  28,443  28,416  28,361
Average diluted shares outstanding   28,459  28,633  28,690  28,672  28,659  28,612  28,600
End of period common shares outstanding   28,276  28,259  28,496  28,483  28,452  28,276  28,452
               
ANNUALIZED PERFORMANCE METRICS              
               
Return on average assets  1.56% 1.56% 1.47% 1.40% -1.45% 1.50% 0.55%
Return on average assets excluding
intangible amortization 
1.64% 1.64% 1.54% 1.47% -1.43% 1.57% 0.61%
Return on average common equity  12.06% 12.00% 11.64% 11.35% -12.77% 11.77% 3.41%
Return on average tangible common equity
excluding intangible amortization 
14.57% 14.59% 14.28% 14.07% -14.64% 14.39% 4.40%
Efficiency ratio  46.40% 49.23% 50.39% 50.68% 38.27% 49.13% 44.41%
Core efficiency ratio  48.76% 49.31% 49.39% 51.19% 52.24% 49.65% 49.62%
Net interest margin - FTE  4.73% 4.75% 4.69% 4.61% 4.19% 4.69% 4.27%
Fully taxable equivalent adjustment   $ 1,130  $ 1,112  $ 1,117  $ 1,108  $ 950  $ 4,467  $ 4,151
Total revenue   54,394  53,219  52,707  52,795  74,218  213,115  216,171
               
EARNINGS (LOSS) EXCLUDING
INTANGIBLE AMORTIZATION
             
               
GAAP net income (loss) available to
common shareholders 
 $ 14,167  $ 13,824  $ 12,876  $ 12,046  $ (14,477)  $ 52,913  $ 14,911
Intangible amortization after-tax   428  429  428  433  501  1,718  1,556
Earnings (loss) excluding intangible amortization   $ 14,595  $ 14,253  $ 13,304  $ 12,479  $ (13,976)  $ 54,631  $ 16,467
               
GAAP diluted earnings (loss) per share   $ 0.50  $ 0.48  $ 0.45  $ 0.42  $ (0.51)  $ 1.85  $ 0.52
Intangible amortization after-tax   0.01  0.02  0.01  0.02  0.02  0.06  0.05
Diluted earnings (loss) per share excluding
intangible amortization 
 $ 0.51  $ 0.50  $ 0.46  $ 0.44  $ (0.49)  $ 1.91  $ 0.57
               
OTHER OPERATING EXPENSES              
               
Advertising   $ 1,224  $ 1,033  $ 1,015  $ 998  $ 682  $ 4,270  $ 2,033
Merger and acquisition expenses   134  --   --   11  2,195  145  5,165
Amortization of intangibles   705  705  704  713  825  2,827  2,561
Amortization of mortgage servicing rights   --   --   --   --   --   --   436
Electronic banking expense   695  682  697  659  506  2,733  1,974
Directors' fees   217  230  179  185  177  811  679
Due from bank service charges   118  119  119  140  104  496  439
FDIC and state assessment   1,070  1,062  1,058  1,093  884  4,283  3,676
Insurance   447  447  408  371  315  1,673  1,220
Legal and accounting   327  367  462  447  450  1,603  1,620
Mortgage servicing expense   --   --   --   --   (6)  --   158
Other professional fees   450  522  569  413  460  1,954  1,526
Operating supplies   297  260  322  289  270  1,168  889
Postage   212  243  242  245  194  942  675
Telephone   221  234  259  263  294  977  824
Other expense   2,508  2,394  2,357  1,958  2,082  9,217  5,445
               
Total other operating expenses   $ 8,625  $ 8,298  $ 8,391  $ 7,785  $ 9,432  $ 33,099  $ 29,320
 
 
 Home BancShares, Inc. 
 Selected Financial Information 
 (Unaudited) 
           
 (Dollars in thousands)  Dec. 31, 
2011
Sep. 30, 
2011
Jun. 30,
2011
Mar. 31,
2011
Dec. 31,
2010
           
BALANCE SHEET RATIOS          
           
Total loans to total deposits  78.44% 81.03% 81.42% 82.80% 83.33%
Common equity to assets  13.2% 12.8% 12.3% 11.8% 11.4%
Tangible common equity to tangible assets  11.5% 11.1% 10.6% 10.1% 9.7%
           
           
ALLOWANCE FOR LOAN LOSSES          
           
Balance, beginning of period   $ 54,508  $ 56,784  $ 53,591  $ 53,348  $ 43,784
Loans charged off   5,143  6,370  1,560  1,622  53,634
Recoveries of loans previously charged off   514  4,094  4,753  615  198
Net loans charged off   4,629  2,276  (3,193)  1,007  53,436
Provision for loan losses   2,250  --   --   1,250  63,000
Balance, end of period   $ 52,129  $ 54,508  $ 56,784  $ 53,591  $ 53,348
           
Net charge-offs to average non-covered loans  1.02% 0.50% -0.70% 0.22% 10.84%
Allowance for loan losses to total non-covered loans  2.96% 2.98% 3.13% 2.90% 2.82%
           
           
NON-PERFORMING ASSETS
NOT COVERED BY LOSS SHARE
         
           
Non-performing non-covered loans           
Non-accrual non-covered loans   $ 26,496  $ 25,373  $ 29,773  $ 33,524  $ 48,924
Non-covered loans past due 90 days or more   993  2,481  1,456  9  578
Total non-performing non-covered loans   27,489  27,854  31,229  33,533  49,502
Other non-performing non-covered assets           
Non-covered foreclosed assets held for sale, net   16,642  16,541  19,855  17,877  11,626
Other non-performing non-covered assets   8  222  9  15  77
Total other non-performing non-covered assets   16,650  16,763  19,864  17,892  11,703
Total non-performing non-covered assets   $ 44,139  $ 44,617  $ 51,093  $ 51,425  $ 61,205
           
Allowance for loan losses to non-performing
non-covered loans 
189.64% 195.69% 181.83% 159.82% 107.77%
Non-performing non-covered loans to total
non-covered loans 
1.56% 1.53% 1.72% 1.81% 2.62%
Non-performing non-covered assets to total
non-covered assets 
1.53% 1.55% 1.75% 1.78% 2.08%
 
 
 Home BancShares, Inc. 
 Loan Information 
 (Unaudited) 
           
 (Dollars in thousands)  Dec. 31, 
2011
Sep. 30,
2011
Jun. 30,
2011
Mar. 31,
2011
Dec. 31,
2010
           
LOANS NOT COVERED BY LOSS SHARE          
           
Real estate           
Commercial real estate loans           
Non-farm/non-residential   $ 698,986  $ 744,749  $ 754,251  $ 787,069  $ 805,635
Construction/land development   361,846  366,926  363,310  351,704  348,768
Agricultural   28,535  26,683  26,826  25,760  26,798
Residential real estate loans           
Residential 1-4 family   349,543  353,110  348,402  359,714  371,381
Multifamily residential   56,909  59,974  48,803  55,987  59,319
Total real estate   1,495,819  1,551,442  1,541,592  1,580,234  1,611,901
Consumer   37,923  40,225  42,662  44,117  51,642
Commercial and industrial   176,276  170,695  173,285  175,969  184,014
Agricultural   21,784  35,238  25,929  18,746  16,549
Other   28,284  28,773  29,250  30,236  28,268
Loans receivable not covered by loss share   $ 1,760,086  $ 1,826,373  $ 1,812,718  $ 1,849,302  $ 1,892,374
           
           
LOANS COVERED BY LOSS SHARE          
           
Real estate           
Commercial real estate loans           
Non-farm/non-residential   $ 189,380  $ 189,558  $ 198,005  $ 204,882  $ 208,678
Construction/land development   103,535  117,143  128,015  129,562  127,340
Agricultural   3,155  3,413  4,108  5,808  5,454
Residential real estate loans           
Residential 1-4 family   148,692  158,701  166,136  171,281  180,914
Multifamily residential   8,933  9,010  9,113  9,173  9,176
Total real estate   453,695  477,825  505,377  520,706  531,562
Consumer   334  454  510  548  498
Commercial and industrial   26,884  32,183  41,423  44,038  42,443
Agricultural   --   --   --   --   63
Other   826  864  926  1,171  1,210
Loans receivable covered by loss share   $ 481,739  $ 511,326  $ 548,236  $ 566,463  $ 575,776
 
 
 Home BancShares, Inc. 
 Consolidated Net Interest Margin 
 (Unaudited) 
             
   Three Months Ended 
   December 31, 2011   September 30, 2011 
 (Dollars in thousands)  Average
Balance
Income/
Expense
Yield/ 
Rate 
Average
Balance 
Income/
Expense 
Yield/ 
Rate 
             
ASSETS            
Earning assets             
Interest-bearing balances due from banks   $ 148,862  $ 87 0.23%  $ 147,296  $ 84 0.23%
Federal funds sold   2,768  2 0.29%  1,895  1 0.21%
Investment securities - taxable   453,986  2,451 2.14%  431,913  2,429 2.23%
Investment securities - non-taxable - FTE   151,337  2,537 6.65%  148,995  2,506 6.67%
Loans receivable - FTE   2,301,303  38,265 6.60%  2,346,663  39,351 6.65%
Total interest-earning assets   3,058,256  43,342 5.62%  3,076,762  44,371 5.72%
Non-earning assets   550,614      551,584    
Total assets   $ 3,608,870      $ 3,628,346    
             
LIABILITIES AND SHAREHOLDERS' EQUITY            
Liabilities             
Interest-bearing liabilities             
Savings and interest-bearing transaction accounts   $ 1,169,947  $ 1,039 0.35%  $ 1,126,746  $ 1,214 0.43%
Time deposits   1,237,625  4,045 1.30%  1,288,919  4,424 1.36%
Total interest-bearing deposits   2,407,572  5,084 0.84%  2,415,665  5,638 0.93%
Federal funds purchased   48  --  0.00%  --   --  0.00%
Securities sold under agreement to repurchase   61,656  99 0.64%  66,562  120 0.72%
FHLB borrowed funds   142,807  1,172 3.26%  148,641  1,250 3.34%
Subordinated debentures   44,331  540 4.83%  44,331  539 4.82%
Total interest-bearing liabilities   2,656,414  6,895 1.03%  2,675,199  7,547 1.12%
Non-interest bearing liabilities             
Non-interest bearing deposits  461,044      464,760    
Other liabilities   25,344      28,823    
Total liabilities   3,142,802      3,168,782    
Shareholders' equity   466,068      459,564    
Total liabilities and shareholders' equity   $ 3,608,870      $ 3,628,346    
Net interest spread      4.59%     4.60%
Net interest income and margin - FTE     $ 36,447 4.73%    $ 36,824 4.75%
 
 
 Home BancShares, Inc. 
 Consolidated Net Interest Margin 
 (Unaudited) 
             
   Year Ended 
   December 31, 2011   December 31, 2010 
 (Dollars in thousands)  Average
Balance
Income/
Expense
Yield/
Rate
Average
Balance
Income/
Expense 
Yield/
Rate 
             
ASSETS            
Earning assets             
Interest-bearing balances due from banks   $ 178,476  $ 418 0.23%  $ 177,418  $ 408 0.23%
Federal funds sold   5,735  11 0.19%  15,500  37 0.24%
Investment securities - taxable   400,152  9,244 2.31%  232,578  7,052 3.03%
Investment securities - non-taxable - FTE   150,776  10,017 6.64%  141,066  9,323 6.61%
Loans receivable - FTE   2,369,216  156,583 6.61%  2,257,310  138,453 6.13%
Total interest-earning assets   3,104,355  176,273 5.68%  2,823,872  155,273 5.50%
Non-earning assets   553,901      401,314    
Total assets   $ 3,658,256      $ 3,225,186    
             
LIABILITIES AND SHAREHOLDERS' EQUITY            
Liabilities             
Interest-bearing liabilities             
Savings and interest-bearing transaction accounts   $ 1,132,798  $ 5,084 0.45%  $ 898,272  $ 5,242 0.58%
Time deposits   1,318,868  17,884 1.36%  1,140,383  19,060 1.67%
Total interest-bearing deposits   2,451,666  22,968 0.94%  2,038,655  24,302 1.19%
Federal funds purchased   12  --  0.00%  19  --  0.00%
Securities sold under agreement to repurchase   66,851  4,940 7.39%  64,694  497 0.77%
FHLB borrowed funds   150,146  483 0.32%  220,590  7,574 3.43%
Subordinated debentures   44,331  2,160 4.87%  46,462  2,335 5.03%
Total interest-bearing liabilities   2,713,006  30,551 1.13%  2,370,420  34,708 1.46%
Non-interest bearing liabilities             
Non-interest bearing deposits  443,781      344,778    
Other liabilities   26,870      22,980    
Total liabilities   3,183,657      2,738,178    
Shareholders' equity   474,599      487,008    
Total liabilities and shareholders' equity   $ 3,658,256      $ 3,225,186    
Net interest spread      4.55%     4.04%
Net interest income and margin - FTE     $ 145,722 4.69%    $ 120,565 4.27%
CONTACT: Brian S. Davis
         Chief Accounting Officer &
         Investor Relations Officer
         Home BancShares, Inc.
         (501) 328-4770

The following information was filed by Home Bancshares Inc (HOMB) on Thursday, January 19, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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