EXHIBIT 99.1

Home BancShares, Inc. Announces 70% Growth in Earnings for 2014 Plus Fourth Quarter Organic Loan Growth of $113.2 Million

CONWAY, Ark., Jan. 15, 2015 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (Nasdaq:HOMB), parent company of Centennial Bank, today announced record net income for the year ended December 31, 2014 of $113.1 million compared to $66.5 million for the year ended 2013 for a 70.0% increase. Diluted earnings per share for the year ended 2014 was $1.70 per share compared to $1.14 per share for 2013. Excluding the $6.4 million of 2014 merger expenses associated with the acquisitions of Florida Traditions (Traditions) and Broward Financial Holdings, Inc. (Broward), diluted earnings per share for the year ended 2014 was $1.76 per share. Excluding the $18.4 million of 2013 merger expenses associated with the acquisition of Liberty Bancshares, Inc. (Liberty), diluted earnings per share for the year ended 2013 was $1.33 per share. Excluding merger expenses, this represents an increase of $0.43 per share or 32.3% for the year ended 2014 when compared to the previous year.

For the fourth quarter of 2014, the Company recorded a record quarterly profit of $29.9 million, or $0.44 diluted earnings per share for the fourth quarter of 2014 compared to $13.0 million, or $0.19 diluted earnings per share for the same quarter in 2013. The Company increased its fourth quarter earnings by $17.0 million, or 131.1%, for the three months ended December 31, 2014 compared to the same period of the previous year. Excluding the $1.7 million of merger expenses associated with the recently completed acquisition of Broward, diluted earnings per share for the fourth quarter of 2014 was $0.46 per share.

On October 23, 2014, the Company completed its acquisition of Broward. As of acquisition date, Broward had approximately $174.6 million in total assets, $121.1 million in total loans after $3.0 million of loan discounts, and $134.2 million in deposits. From September 30, 2014 to December 31, 2014, the Company had $234.3 million growth in non-covered loans. Excluding the loans acquired from Broward, the Company produced $113.2 million of organic non-covered loan growth.

Because acquisitions are growth and capital management strategies, earnings excluding amortization of intangibles after-tax are useful in evaluating the Company. Diluted earnings per share excluding intangible amortization for the fourth quarter of 2014 was $0.46 compared to $0.21 diluted earnings per share excluding intangible amortization for the same period in 2013.

"I am excited to report the Company has achieved another record quarter and record year with outstanding metrics," said John Allison, Chairman. "Our team stayed focused throughout the year on improving efficiencies, executing acquisition opportunities and growing loans and we've reaped the benefits of this hard work through record results. I am looking forward to watching our team succeed again in the coming year as they continue to improve the Company's financial metrics in order to maximize returns to our shareholders."

"We are pleased with another quarter of significant organic loan growth totaling $113.2 million for the fourth quarter of 2014," said Randy Sims, Chief Executive Officer. "On the income side, diluted earnings per share excluding merger expenses was $0.46 per share which brings us to the fifteenth consecutive quarter reporting the most profitable quarter in the Company's history. We once again improved both the core efficiency ratio and return on average assets excluding merger expenses ratio to 40.15% and 1.67%, respectively, for the fourth quarter of 2014."

Operating Highlights

Each quarter we perform credit impairment tests on the loans acquired in our FDIC loss sharing and non-loss sharing acquisitions. During our fourth quarter 2014 impairment testing, no pools were determined to have a material projected credit improvement since the third quarter of 2014 testing. As a result, yields on loans and net interest margin for the quarter just ended are relatively comparable to the third quarter of 2014.

Net interest income for the fourth quarter of 2014 increased 24.3% to $83.4 million from $67.1 million during the fourth quarter of 2013. For the fourth quarter of 2014, the effective yield on non-covered loans and covered loans was 5.89% and 16.53%, respectively. Net interest margin, on a fully taxable equivalent basis, was 5.26% for the quarter just ended. The pools which have been determined to have material projected credit improvement as a result of the quarterly impairment testing and the acquisition of Liberty, Traditions and Broward have significantly changed the mix and metrics on the net interest margin since December 31, 2012. Although there have been many changes since 2012, the Company continues to remain focused on expanding its net interest margin through opportunities such as improved pricing on interest-bearing deposits.

The Company experienced a $1.0 million increase in the provision for loan losses for non-covered loans during the fourth quarter of 2014 versus 2013. This expected increase is not an indication of a decline in asset quality, but primarily a reflection of the migration of the Liberty loans (and to a lesser extent Traditions and Broward loans) from purchased-loan accounting treatment to originated-loan accounting treatment. Based upon current accounting guidance the allowance for loan losses is not carried over in an acquisition. As a result, virtually none of the Liberty footprint loans had any allocation of the allowance for loan losses at December 31, 2013. This is the result of all loans acquired on October 24, 2013 from Liberty being recorded at fair value in accordance with the fair value methodology prescribed in ASC Topic 820. However, as the acquired Liberty loans payoff or renew and the Liberty footprint originates new loan production, it is necessary to establish an allowance which represents an amount that, in management's judgment, will be adequate to absorb credit losses.

The Company reported $10.2 million of non-interest income for the fourth quarter of 2014, compared to $12.2 million for the fourth quarter of 2013. The most important components of the fourth quarter non-interest income were $6.3 million from other service charges and fees, $6.1 million from service charges on deposits accounts, $2.3 million from mortgage lending income, $977,000 from insurance commissions, $652,000 from other income, $313,000 from trust fees, and $264,000 from gain on sale of OREO offset by the $7.4 million of net amortization on the FDIC indemnification asset and $97,000 loss on sale of premises and equipment.

Non-interest expense for the fourth quarter of 2014 was $41.1 million compared to $54.9 million for the fourth quarter of 2013. Non-interest expense excluding merger expenses was $39.4 million for the fourth quarter of 2014 compared to $37.6 million for the same quarter in 2013. The increase in non-interest expense excluding merger expenses this quarter was only $1.8 million more than a year ago even though we had the Liberty acquisition for 24 extra days, the Broward acquisition for 69 days and the Traditions acquisition for a full quarter during 2014. As a result, for the fourth quarter of 2014, our core efficiency ratio was 40.15% which is improved from the 45.22% reported for fourth quarter of 2013.

Financial Condition

Total non-covered loans were $4.82 billion at December 31, 2014 compared to $4.19 billion at December 31, 2013. Total covered loans were $240.2 million at December 31, 2014 compared to $282.5 million at December 31, 2013. Total deposits were $5.42 billion at December 31, 2014 compared to $5.39 billion at December 31, 2013. Total assets were $7.40 billion at December 31, 2014 compared to $6.81 billion at December 31, 2013.

Non-performing non-covered loans were $39.6 million as of December 31, 2014, of which $14.8 million were located in Florida. Non-performing non-covered loans as a percent of total non-covered loans were 0.82% as of December 31, 2014 compared to 0.91% as of December 31, 2013.  Non-performing non-covered assets were $56.5 million as of December 31, 2014, of which $17.0 million were located in Florida. Non-performing non-covered assets as a percent of total non-covered assets were 0.79% as of December 31, 2014 compared to 1.07% as of December 31, 2013. 

The Company's allowance for loan losses for non-covered loans was $52.5 million at December 31, 2014, or 1.09% of total non-covered loans, compared to $39.0 million, or 0.93% of total non-covered loans, at December 31, 2013.  As of December 31, 2014 and 2013, 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 3.88% and 4.89%, respectively. This decrease is the result of projected credit improvement on the acquired impaired loans. As of December 31, 2014 and 2013, the Company's allowance for loan losses for non-covered loans was 133% and 102% of its total non-performing non-covered loans, respectively.

Stockholders' equity was $1.02 billion at December 31, 2014 compared to $841.0 million at December 31, 2013, an increase of $174.3 million. Book value per common share was $15.03 at December 31, 2014 compared to $12.92 at December 31, 2013.  Tangible book value per common share was $9.90 at December 31, 2014 compared to $7.94 December 31, 2013 for an increase of 24.7%. 

Branches

During the fourth quarter of 2014, the Company acquired two branches through the acquisition of Broward. During the first quarter of 2015, the Company has plans to close one branch in Longwood, Florida. The Company has 82 branches in Arkansas, 61 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, January 15, 2015. Interested parties can listen to this call by calling 1-877-508-9586 and asking for the Home BancShares conference call. A replay of the call will be available by calling 1-877-344-7529, Passcode: 10057513, which will be available until January 23, 2015 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, 2013 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 Arkansas, Florida and South Alabama. 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) 
           
   Dec. 31,   Sep. 30,   Jun. 30,   Mar. 31,   Dec. 31, 
 (In thousands)   2014   2014   2014   2014   2013 
           
ASSETS          
           
Cash and due from banks   $ 105,438  $ 109,067  $ 122,167  $ 124,662  $ 104,005
Interest-bearing deposits with other banks   7,090  28,416  21,385  89,897  61,529
Cash and cash equivalents   112,528  137,483  143,552  214,559  165,534
Federal funds sold   250  44,275  850  22,925  4,275
Investment securities - available-for-sale   1,067,287  1,067,617  1,122,803  1,175,827  1,175,484
Investment securities - held-to-maturity   356,790  296,036  205,566  132,363  114,621
Loans receivable not covered by loss share   4,817,314  4,583,015  4,133,109  4,126,564  4,194,437
Loans receivable covered by FDIC loss share   240,188  250,970  263,157  270,641  282,516
Allowance for loan losses   (55,011)  (52,844)  (51,173)  (48,991)  (43,815)
Loans receivable, net   5,002,491  4,781,141  4,345,093  4,348,214  4,433,138
Bank premises and equipment, net   206,912  211,726  196,194  196,392  197,224
Foreclosed assets held for sale not covered by loss share   16,951  19,367  20,960  23,484  29,869
Foreclosed assets held for sale covered by FDIC loss share   7,871  13,513  17,196  20,201  20,999
FDIC indemnification asset   28,409  42,104  56,626  73,348  89,611
Cash value of life insurance   74,444  70,913  64,066  63,787  63,501
Accrued interest receivable   24,075  23,366  20,847  21,865  22,944
Deferred tax asset, net   65,227  68,070  73,151  82,886  89,412
Goodwill   325,423  313,320  301,736  301,736  301,736
Core deposit and other intangibles   20,925  21,004  19,984  21,131  22,298
Other assets   93,689  86,436  77,516  82,058  81,215
Total assets   $ 7,403,272  $ 7,196,371  $ 6,666,140  $ 6,780,776  $ 6,811,861
           
LIABILITIES AND STOCKHOLDERS' EQUITY          
           
Liabilities          
Deposits:           
Demand and non-interest-bearing   $ 1,203,306  $ 1,170,441  $ 1,129,073  $ 1,057,148  $ 991,161
Savings and interest-bearing transaction accounts   2,974,850  2,830,829  2,756,060  2,827,787  2,792,423
Time deposits   1,245,815  1,276,001  1,306,876  1,453,575  1,609,462
Total deposits   5,423,971  5,277,271  5,192,009  5,338,510  5,393,046
Federal funds purchased   --   --   --   --   -- 
Securities sold under agreements to repurchase   176,465  160,895  144,602  137,524  160,984
FHLB borrowed funds   697,957  713,553  349,110  354,935  350,661
Accrued interest payable and other liabilities   28,761  25,145  22,358  20,113  5,389
Subordinated debentures   60,826  60,826  60,826  60,826  60,826
Total liabilities   6,387,980  6,237,690  5,768,905  5,911,908  5,970,906
           
Stockholders' equity           
Common stock   676  665  651  651  651
Capital surplus   781,328  749,573  709,516  708,868  708,058
Retained earnings   226,279  203,107  182,382  158,838  136,386
Accumulated other comprehensive income (loss)   7,009  5,336  4,686  511  (4,140)
Total stockholders' equity   1,015,292  958,681  897,235  868,868  840,955
Total liabilities and stockholders' equity   $ 7,403,272  $ 7,196,371  $ 6,666,140  $ 6,780,776  $ 6,811,861
 
 
 Home BancShares, Inc. 
 Consolidated Statements of Income 
 (Unaudited) 
               
  Quarter Ended   Year Ended 
   Dec. 31,   Sep. 30,   Jun. 30,   Mar. 31,   Dec. 31,   Dec. 31,   Dec. 31, 
(In thousands)   2014   2014   2014   2014   2013   2014   2013 
               
               
Interest income               
Loans   $ 80,011  $ 75,917  $ 75,404  $ 75,013  $ 65,338  $ 306,345  $ 198,536
Investment securities               
Taxable   5,168  4,905  4,762  4,470  4,760  19,305  12,298
Tax-exempt   2,843  2,552  2,379  2,317  1,554  10,091  6,009
Deposits - other banks   24  20  29  24  51  97  254
Federal funds sold   15  7  12  16  14  50  29
               
Total interest income   88,061  83,401  82,586  81,840  71,717  335,888  217,126
               
Interest expense               
Interest on deposits   3,074  3,243  3,095  3,384  3,320  12,796  9,744
Federal funds purchased   1  2  --   --   1  3  4
FHLB borrowed funds   1,108  1,035  952  946  915  4,041  3,841
Securities sold under agreements to repurchase   181  186  168  182  171  717  424
Subordinated debentures   327  330  328  328  255  1,313  518
               
Total interest expense   4,691  4,796  4,543  4,840  4,662  18,870  14,531
               
Net interest income   83,370  78,605  78,043  77,000  67,055  317,018  202,595
Provision for loan losses   5,370  4,241  6,115  6,938  4,330  22,664  5,180
Net interest income after provision for loan losses   78,000  74,364  71,928  70,062  62,725  294,354  197,415
               
Non-interest income               
Service charges on deposit accounts   6,143  6,275  6,193  5,911  6,001  24,522  17,870
Other service charges and fees   6,273  5,977  5,978  5,686  5,146  23,914  15,733
Trust fees   313  306  323  436  284  1,378  335
Mortgage lending income   2,341  1,901  1,801  1,513  1,470  7,556  5,988
Insurance commissions   977  984  934  1,416  778  4,311  2,420
Income from title services   60  59  53  50  122  222  523
Increase in cash value of life insurance   319  322  281  288  235  1,210  836
Dividends from FHLB, FRB, Bankers' bank & other   405  389  501  316  273  1,611  1,028
Gain on sale of SBA loans   --   183  --   --   --   183  135
Gain (loss) on sale of premises & equipment, net   (97)  (35)  445  9  (315)  322  397
Gain (loss) on OREO, net   264  529  859  539  347  2,191  1,651
Gain (loss) on securities, net   --   --   --   --   --   --   111
FDIC indemnification accretion/(amortization), net   (7,439)  (6,947)  (6,622)  (4,744)  (2,949)  (25,752)  (10,401)
Other income   652  888  793  761  825  3,094  3,739
               
Total non-interest income   10,211  10,831  11,539  12,181  12,217  44,762  40,365
               
Non-interest expense               
Salaries and employee benefits   19,911  19,368  18,813  18,933  19,504  77,025  58,394
Occupancy and equipment   6,320  6,234  6,251  6,226  5,670  25,031  17,168
Data processing expense   1,842  1,801  1,793  1,793  1,538  7,229  5,393
Other operating expenses   13,076  15,414  11,763  12,405  28,162  52,658  52,352
               
Total non-interest expense   41,149  42,817  38,620  39,357  54,874  161,943  133,307
               
Income before income taxes   47,062  42,378  44,847  42,886  20,068  177,173  104,473
Income tax expense   17,136  15,007  16,418  15,549  7,118  64,110  37,953
Net income   $ 29,926  $ 27,371  $ 28,429  $ 27,337  $ 12,950  $ 113,063  $ 66,520
 
 
 Home BancShares, Inc. 
 Selected Financial Information 
 (Unaudited) 
               
   Quarter Ended   Year Ended 
(Dollars and shares in thousands,   Dec. 31,   Sep. 30,   Jun. 30,   Mar. 31,   Dec. 31,   Dec. 31,   Dec. 31, 
except per share data)   2014   2014   2014   2014   2013   2014   2013 
               
               
PER SHARE DATA              
               
Diluted earnings per common share   $ 0.44  $ 0.41  $ 0.43  $ 0.42  $ 0.19  $ 1.70  $ 1.14
Diluted earnings per common share excluding intangible amortization   0.46  0.42  0.44  0.43  0.21  1.75  1.18
Basic earnings per common share   0.44  0.41  0.44  0.42  0.19  1.71  1.15
Dividends per share - common   0.100  0.100  0.075  0.075  0.075  0.350  0.290
Book value per common share   15.03  14.42  13.77  13.34  12.92  15.03  12.92
Tangible book value per common share   9.90  9.39  8.83  8.38  7.94  9.90  7.94
               
STOCK INFORMATION              
               
Average common shares outstanding   67,291  66,223  65,140  65,123  62,865  65,951  57,908
Average diluted shares outstanding   67,653  66,616  65,545  65,511  63,234  66,331  58,252
End of period common shares outstanding   67,571  66,483  65,142  65,135  65,082  67,571  65,082
               
ANNUALIZED PERFORMANCE METRICS              
               
Return on average assets  1.62% 1.56% 1.70% 1.64% 0.83% 1.63% 1.43%
Return on average assets excluding intangible amortization  1.74% 1.68% 1.83% 1.77% 0.91% 1.75% 1.52%
Return on average assets excluding intangible amortization, provision for loan losses, merger expenses, bargain purchase gain, gain on life insurance proceeds and income taxes (Core ROA)  3.13% 3.08% 3.27% 3.26% 2.86% 3.19% 2.91%
Return on average common equity  11.96% 11.58% 12.96% 13.00% 6.68% 12.34% 11.27%
Return on average tangible common equity excluding intangible amortization  18.72% 18.46% 20.94% 21.48% 10.83% 19.80% 15.26%
Efficiency ratio  41.87% 45.70% 41.09% 42.07% 66.73% 42.67% 52.44%
Core efficiency ratio  40.15% 41.88% 41.56% 41.39% 45.22% 41.23% 45.49%
Net interest margin - FTE  5.26% 5.26% 5.50% 5.48% 5.09% 5.37% 5.19%
Fully taxable equivalent adjustment   $ 1,911  $ 1,728  $ 1,624  $ 1,591  $ 1,133  $ 6,854  $ 4,332
Total revenue   98,272  94,232  94,125  94,021  83,934  380,650  257,491
               
EARNINGS EXCLUDING              
INTANGIBLE AMORTIZATION              
               
GAAP net income available to common shareholders   $ 29,926  $ 27,371  $ 28,429  $ 27,337  $ 12,950  $ 113,063  $ 66,520
Intangible amortization after-tax   707  701  697  709  740  2,814  2,202
Earnings excluding intangible amortization   $ 30,633  $ 28,072  $ 29,126  $ 28,046  $ 13,690  $ 115,877  $ 68,722
               
GAAP diluted earnings per share   $ 0.44  $ 0.41  $ 0.43  $ 0.42  $ 0.19  $ 1.70  $ 1.14
Intangible amortization after-tax   0.02  0.01  0.01  0.01  0.02  0.05  0.04
Diluted earnings per share excluding intangible amortization   $ 0.46  $ 0.42  $ 0.44  $ 0.43  $ 0.21  $ 1.75  $ 1.18
               
OTHER OPERATING EXPENSES              
               
Advertising   $ 792  $ 673  $ 581  $ 522  $ 653  $ 2,568  $ 1,829
Merger and acquisition expenses   1,711  3,772  106  849  17,315  6,438  18,378
Amortization of intangibles   1,163  1,153  1,147  1,167  1,218  4,630  3,624
Electronic banking expense   1,351  1,307  1,312  1,338  1,458  5,308  4,207
Directors' fees   243  236  206  227  179  912  767
Due from bank service charges   199  200  205  199  179  803  616
FDIC and state assessment   1,144  972  1,058  1,114  858  4,288  2,849
Insurance   685  657  582  614  756  2,538  2,449
Legal and accounting   666  510  419  417  450  2,012  1,393
Other professional fees   394  716  583  507  561  2,200  1,928
Operating supplies   473  468  515  472  455  1,928  1,439
Postage   329  323  327  352  295  1,331  945
Telephone   503  548  463  454  375  1,968  1,260
Other expense   3,423  3,879  4,259  4,173  3,410  15,734  10,668
               
Total other operating expenses   $ 13,076  $ 15,414  $ 11,763  $ 12,405  $ 28,162  $ 52,658  $ 52,352
 
 
 Home BancShares, Inc. 
 Selected Financial Information 
 (Unaudited) 
           
   Dec. 31,   Sep. 30,   Jun. 30,   Mar. 31,   Dec. 31, 
(Dollars in thousands)   2014   2014   2014   2014   2013 
           
BALANCE SHEET RATIOS          
           
Total loans to total deposits  93.24% 91.60% 84.67% 82.37% 83.01%
Common equity to assets  13.7% 13.3% 13.5% 12.8% 12.3%
Tangible common equity to tangible assets  9.5% 9.1% 9.1% 8.5% 8.0%
           
ALLOWANCE FOR LOAN LOSSES          
           
Non-Covered           
Balance, beginning of period   $ 50,695  $ 48,248  $ 44,024  $ 39,022  $ 37,642
Loans charged off   3,811  2,544  2,526  2,424  2,417
Recoveries of loans previously charged off   1,121  750  635  488  358
Net loans (recovered)/charged off   2,690  1,794  1,891  1,936  2,059
Provision for loan losses   4,466  4,241  6,115  6,938  3,439
Balance, end of period   $ 52,471  $ 50,695  $ 48,248  $ 44,024  $ 39,022
           
Discount for credit losses on non-covered loans acquired   139,720  148,172  157,705  164,324  174,637
Net (recoveries) charge-offs on loans not covered by loss share to average non-covered loans  0.23% 0.16% 0.18% 0.19% 0.22%
Allowance for loan losses for non-covered loans to total non-covered loans  1.09% 1.11% 1.17% 1.07% 0.93%
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  3.88% 4.20% 4.80% 4.86% 4.89%
           
Covered          
Balance, beginning of period   $ 2,149  $ 2,925  $ 4,967  $ 4,793  $ 1,106
Loans charged off   858  863  1,051  --   287
Recoveries of loans previously charged off   345  87  128  174  29
Net loans charged off/(recovered)   513  776  923  (174)  258
Provision for loan losses forecasted outside of loss share   904  --   280  --   -- 
Provision for loan losses before benefit attributable to FDIC loss share agreements   --   --   (1,399)  --   3,945
Benefit attributable to FDIC loss share agreements   --   --   1,119  --   (3,054)
Net provision for loan losses   904  --   --   --   891
Increase (decrease) in FDIC indemnificaton asset   --   --   (1,119)  --   3,054
Balance, end of period   $ 2,540  $ 2,149  $ 2,925  $ 4,967  $ 4,793
           
Total allowance for loan losses   $ 55,011  $ 52,844  $ 51,173  $ 48,991  $ 43,815
           
NON-PERFORMING ASSETS          
NOT COVERED BY LOSS SHARE          
           
Non-performing non-covered loans           
Non-accrual non-covered loans   $ 24,691  $ 22,381  $ 21,900  $ 20,697  $ 15,133
Non-covered loans past due 90 days or more   14,871  18,644  23,081  21,981  23,141
Total non-performing non-covered loans   39,562  41,025  44,981  42,678  38,274
Other non-performing non-covered assets           
Non-covered foreclosed assets held for sale, net   16,951  19,367  20,960  23,484  29,869
Other non-performing non-covered assets   --   --   10  47  281
Total other non-performing non-covered assets   16,951  19,367  20,970  23,531  30,150
Total non-performing non-covered assets   $ 56,513  $ 60,392  $ 65,951  $ 66,209  $ 68,424
           
Allowance for loan losses for non-covered loans to non-performing non-covered loans  132.63% 123.57% 107.26% 103.15% 101.95%
Non-performing non-covered loans to total non-covered loans  0.82% 0.90% 1.09% 1.03% 0.91%
Non-performing non-covered assets to total non-covered assets  0.79% 0.88% 1.04% 1.03% 1.07%
 
 
 Home BancShares, Inc. 
 Loan Information 
 (Unaudited) 
           
   Dec. 31,   Sep. 30,   Jun. 30,   Mar. 31,   Dec. 31, 
(Dollars in thousands)   2014   2014   2014   2014   2013 
           
           
LOANS NOT COVERED BY LOSS SHARE          
           
Real estate           
Commercial real estate loans           
Non-farm/non-residential   $ 1,987,890  $ 1,918,827  $ 1,733,029  $ 1,722,910  $ 1,739,668
Construction/land development   700,139  660,107  603,216  566,205  562,667
Agricultural   72,211  78,243  64,409  74,775  81,618
Residential real estate loans           
Residential 1-4 family   963,990  935,547  887,097  890,981  913,332
Multifamily residential   250,222  251,726  218,615  206,348  213,232
Total real estate   3,974,452  3,844,450  3,506,366  3,461,219  3,510,517
Consumer   56,720  57,821  56,197  60,735  69,570
Commercial and industrial   670,124  547,706  447,459  491,525  511,421
Agricultural   48,833  64,875  56,852  44,017  37,129
Other   67,185  68,163  66,235  69,068  65,800
Loans receivable not covered by loss share   $ 4,817,314  $ 4,583,015  $ 4,133,109  $ 4,126,564  $ 4,194,437
           
           
           
LOANS COVERED BY LOSS SHARE          
           
Real estate           
Commercial real estate loans           
Non-farm/non-residential   $ 93,979  $ 99,518  $ 107,171  $ 113,593  $ 117,164
Construction/land development   39,946  42,713  44,763  45,381  48,388
Agricultural   943  1,039  1,145  1,184  1,232
Residential real estate loans           
Residential 1-4 family   87,309  90,088  91,706  92,918  98,403
Multifamily residential   8,617  8,263  10,002  10,043  10,378
Total real estate   230,794  241,621  254,787  263,119  275,565
Consumer   16  22  20  16  20
Commercial and industrial   8,651  8,295  7,368  6,440  5,852
Agricultural   --   --   --   --   -- 
Other   727  1,032  982  1,066  1,079
Loans receivable covered by loss share   $ 240,188  $ 250,970  $ 263,157  $ 270,641  $ 282,516
 
 
 Home BancShares, Inc. 
 Consolidated Net Interest Margin 
 (Unaudited) 
             
  Three Months Ended 
   December 31, 2014   September 30, 2014 
   Average   Income/   Yield/   Average   Income/   Yield/ 
(Dollars in thousands)   Balance   Expense   Rate   Balance   Expense   Rate 
             
             
ASSETS            
Earning assets             
Interest-bearing balances due from banks   $ 41,048  $ 24 0.23%  $ 40,723  $ 20 0.19%
Federal funds sold   27,792  15 0.21%  13,604  7 0.20%
Investment securities - taxable   1,076,415  5,168 1.90%  1,044,732  4,905 1.86%
Investment securities - non-taxable - FTE   326,873  4,650 5.64%  302,859  4,174 5.47%
Loans receivable - FTE   4,955,990  80,114 6.41%  4,661,600  76,024 6.47%
Total interest-earning assets   6,428,118  89,971 5.55%  6,063,518  85,130 5.57%
Non-earning assets   917,892      907,407    
Total assets   $ 7,346,010      $ 6,970,925    
             
LIABILITIES AND SHAREHOLDERS' EQUITY            
Liabilities             
Interest-bearing liabilities             
Savings and interest-bearing transaction accounts   $ 2,926,471  $ 1,396 0.19%  $ 2,835,267  $ 1,376 0.19%
Time deposits   1,272,433  1,678 0.52%  1,315,772  1,867 0.56%
Total interest-bearing deposits   4,198,904  3,074 0.29%  4,151,039  3,243 0.31%
Federal funds purchased   824  1 0.48%  2,364  2 0.34%
Securities sold under agreement to repurchase   170,192  181 0.42%  150,239  186 0.49%
FHLB borrowed funds   695,085  1,108 0.63%  494,650  1,035 0.83%
Subordinated debentures   60,826  327 2.13%  60,826  330 2.15%
Total interest-bearing liabilities   5,125,831  4,691 0.36%  4,859,118  4,796 0.39%
Non-interest bearing liabilities             
Non-interest bearing deposits  1,200,726      1,148,923    
Other liabilities   26,892      25,090    
Total liabilities   6,353,449      6,033,131    
Shareholders' equity   992,561      937,794    
Total liabilities and shareholders' equity   $ 7,346,010      $ 6,970,925    
Net interest spread      5.19%     5.18%
Net interest income and margin - FTE     $ 85,280 5.26%    $ 80,334 5.26%
 
 
 Home BancShares, Inc. 
 Consolidated Net Interest Margin 
 (Unaudited) 
             
   Year Ended 
   December 31, 2014   December 31, 2013 
   Average   Income/   Yield/   Average   Income/   Yield/ 
 (Dollars in thousands)   Balance   Expense   Rate   Balance   Expense   Rate 
             
             
ASSETS            
Earning assets             
Interest-bearing balances due from banks   $ 49,794  $ 97 0.19%  $ 102,777  $ 254 0.25%
Federal funds sold   24,018  50 0.21%  13,619  29 0.21%
Investment securities - taxable   1,041,322  19,305 1.85%  665,495  12,298 1.85%
Investment securities - non-taxable - FTE   301,051  16,502 5.48%  198,198  9,814 4.95%
Loans receivable - FTE   4,613,919  306,788 6.65%  3,005,470  199,063 6.62%
Total interest-earning assets   6,030,104  342,742 5.68%  3,985,559  221,458 5.56%
Non-earning assets   922,311      668,656    
Total assets   $ 6,952,415      $ 4,654,215    
             
LIABILITIES AND SHAREHOLDERS' EQUITY            
Liabilities             
Interest-bearing liabilities             
Savings and interest-bearing transaction accounts   $ 2,839,329  $ 5,279 0.19%  $ 1,939,497  $ 3,437 0.18%
Time deposits   1,373,273  7,517 0.55%  1,038,246  6,307 0.61%
Total interest-bearing deposits   4,212,602  12,796 0.30%  2,977,743  9,744 0.33%
Federal funds purchased   956  3 0.31%  520  4 0.77%
Securities sold under agreement to repurchase   151,610  717 0.47%  88,081  424 0.48%
FHLB borrowed funds   486,742  4,041 0.83%  191,258  3,841 2.01%
Subordinated debentures   60,826  1,313 2.16%  19,938  518 2.60%
Total interest-bearing liabilities   4,912,736  18,870 0.38%  3,277,540  14,531 0.44%
Non-interest bearing liabilities             
Non-interest bearing deposits  1,101,923      761,540    
Other liabilities   21,469      25,071    
Total liabilities   6,036,128      4,064,151    
Shareholders' equity   916,287      590,064    
Total liabilities and shareholders' equity   $ 6,952,415      $ 4,654,215    
Net interest spread      5.30%     5.12%
Net interest income and margin - FTE     $ 323,872 5.37%    $ 206,927 5.19%
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 15, 2015 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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