Below are the financial statements of Home BancShares, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in thousands of USD | 2024 | 2023 | 2022 |
---|---|---|---|
Interest income | — | — | — |
Loans | 1,100,004a | 989,616a | 728,342a |
Investment securities | — | — | — |
Taxable | 125,765a | 138,575a | 91,933a |
Tax-exempt | 30,980a | 31,618a | 28,356a |
Deposits - other banks | 42,773a | 15,023a | 29,110a |
Federal funds sold | 255a | 221a | 25a |
Total interest income | 1,299,777a | 1,175,053a | 877,766a |
Interest expense | — | — | — |
Interest on deposits | -376,638a | -295,978a | -85,989a |
Federal funds purchased | -1a | -3a | -2a |
FHLB and other borrowed funds | -52,455a | -30,825a | -11,076a |
Securities sold under agreements to repurchase | -5,448a | -4,813a | -1,430a |
Subordinated debentures | -16,461a | -16,489a | -20,593a |
Total interest expense | -451,003a | -348,108a | -119,090a |
Net interest income | 848,774a | 826,945a | 758,676a |
Provision for credit losses on loans | -48,400a | -11,950a | -50,170a |
(Recovery of) provision for credit losses on unfunded commitments | 0a | -1,500a | -11,410a |
(Recovery of) provision for credit losses on investment securities | -330a | -1,683a | -2,005a |
Total credit loss expense | -48,070a | -12,133a | -63,585a |
Net interest income after provision for credit losses | 800,704a | 814,812a | 695,091a |
Non-interest income | — | — | — |
Service charges on deposit accounts | 39,223a | 39,207a | 37,114a |
Other service charges and fees | 43,009a | 44,188a | 44,588a |
Trust fees | 18,717a | 17,892a | 12,855a |
Mortgage lending income | 15,789a | 10,738a | 17,657a |
Insurance commissions | 2,151a | 2,086a | 2,192a |
Increase in cash value of life insurance | 4,850a | 4,655a | 3,800a |
Dividends from FHLB, FRB, FNBB & other | 11,462a | 11,642a | 9,198a |
Gain on sale of SBA loans | 617a | 278a | 183a |
Gain on branches, equipment and other assets, net | 2,102a | 1,507a | 15a |
(Loss) gain on OREO, net | -2,272a | 332a | 500a |
Fair value adjustment for marketable securities | 2,971a | -1,094a | -1,272a |
Other income | 29,955a | 38,503a | 48,281a |
Total non-interest income | 168,574a | 169,934a | 175,111a |
Non-interest expense | — | — | — |
Salaries and employee benefits | -241,022a | -256,966a | -238,885a |
Occupancy and equipment | -58,031a | -60,303a | -53,417a |
Data processing expense | -36,494a | -36,329a | -34,942a |
Merger and acquisition expenses | 0a | 0a | -49,594a |
Other operating expenses | -111,389a | -119,265a | -98,789a |
Total non-interest expense | -446,936a | -472,863a | -475,627a |
Income before income taxes | 522,342a | 511,883a | 394,575a |
Income tax expense | -120,101a | -118,954a | -89,313a |
Net income | 402,241a | 392,929a | 305,262a |
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