HOME BANCSHARES INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data HOME BANCSHARES INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Interest expense	30.6	64.3	124	155	93.4	52.2	119	348
Pre-tax income	283	271	396	386	278	417	395	512	522	612
Income tax	106	136	95.1	96.1	63.3	97.8	89.3	119	120	136
Net income	177	135	300	290	214	319	305	393	402	475
EPS, basic	1.26	0.90	1.73	1.73	1.30	1.94	1.57	1.94	2.01	2.41
EPS, diluted	1.26	0.89	1.73	1.73	1.30	1.94	1.57	1.94	2.01	2.41
Shares, basic (weighted)	140	151	174	168	165	165	195	203	200	197
Shares, diluted (weighted)	141	152	174	168	165	165	195	203	200	198
Dividend per share	0.34	0.40	0.46	0.51	0.53	0.56	0.66	0.72	0.75	0.81

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	217	636	658	491	1,264	3,650	725	1,000	910	667
Property, plant and equipment	205	237	233	280	279	276	405	393	386	369
Lease right-of-use assets				44.3	40.2	39.6	42.9	42.2	42.3	33.9
Goodwill	378	928	958	958	973	973	1,398	1,398	1,398	1,398
Intangible assets	18.3	49.4	42.9	36.6	30.7	25	58.5	48.8	40.3	32.3
Total assets	9,808	14,450	15,302	15,032	16,399	18,052	22,884	22,657	22,491	22,882
Short-term debt	40
Total liabilities	8,481	12,245	12,953	12,521	13,793	15,286	19,357	18,866	18,530	18,585
Total debt	1,270
Paid-in capital	870	1,675	1,610	1,537	1,521	1,487	2,387	2,348	2,273	2,202
Retained earnings	456	531	752	957	1,039	1,266	1,443	1,690	1,942	2,259
Other comprehensive income	0.4	-3.42	-13.8	16.2	44.1	10.5	-305	-249	-256	-166
Shareholders' equity	1,327	2,204	2,350	2,512	2,606	2,766	3,526	3,791	3,961	4,297
Total equity	1,327	2,204	2,350	2,512	2,606	2,766	3,526	3,791	3,961	4,297
Total liabilities and equity	9,808	14,450	15,302	15,032	16,399	18,052	22,884	22,657	22,491	22,882
Shares outstanding	140	174	171	166	165	164	203	202	199	196

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	177	135	300	290	214	319	305	393	402	475
Depreciation and amortization							31.9	30.9	29.2	29.2
Stock-based compensation	6.63	6.71	9.08	10.7	8.61	8.85	9.13	9.27	9.22	10.7
Deferred income tax	12.7	34.1	3.29	29	-19.8	3.87	2.21	-4.08	8.3	10.3
Cash from operations	176	140	304	247	292	389	413	380	461	399
Capital expenditures	-3.08	-5.19	-7.95	-14.9	-11.5	-10.3	-19.6	-22.5	-38.5	-22.3
Acquisitions					-421	0	859	0	0
Purchases of investments		-692	-501	-610	-1,148	-1,390	-1,258	-9.89	-64.1	-114
Sales and maturities of investments	284	184	348	528	774	652	497	598	480	422
Cash from investing	-559	-319	-780	222	-652	625	-1,024	578	5.67	-470
Stock issued	1.5	1.08	1.45	1.41	0.6	2.37	0.16	0.8	2.02	0.6
Share buybacks	-9.82	-20.8	-104	-84.9	-25.7	-44.5	-70.9	-48.8	-86.5	-82.2
Dividends paid	-48.1	-60.4	-79.9	-85.6	-87.7	-92.1	-128	-146	-150	-159
Cash from financing	344	598	498	-636	1,133	1,372	-2,314	-683	-556	-172
Net change in cash	-39.2	419	22	-167	773	2,387	-2,926	275	-89.9	-243
Free cash flow	173	135	296	233	280	379	394	357	422	377
Interest paid	30.5	61.9	121	156	95.5	53.3	115	340	450	392
Income taxes paid	81.9	125	69.3	89.7	77.8	98.3	86.6	134	111	110

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $29.19 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	22.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	10.5%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.9%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	18.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	15.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	17.3%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	19.9%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	15.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	13.1%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-13.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-1.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	6.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-10.7%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-1.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	6.1%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	7.3%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	6.8%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	8.7%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	8.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	6.8%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	10.5%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	1.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-0.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	6.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.4%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	3.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	81.6%	Total liabilities / total assets.
Goodwill and intangibles / assets	6.0%	(Goodwill + intangible assets) / total assets.
Tangible book value	$3.07B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	89.7%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	4.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.38	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	$2.13	Free cash flow / diluted weighted shares.
Operating cash flow per share	$2.24	Cash from operations / diluted weighted shares.
Book value per share	$22.69	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$15.32	Tangible book value / shares outstanding.
Cash per share	$5.25	(Cash + short-term investments) / shares outstanding.
Payout ratio	34.3%	Dividends paid / net income, when net income is positive.
Dividends / FCF	38.2%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	18.5%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$5.84B	Share price x shares outstanding.
Enterprise value	$4.79B	Market cap + total debt - cash - short-term investments.
P/E	12.2x	Market cap / net income. Only when net income is positive.
P/B	1.28x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.90x	Market cap / tangible book value, when positive.
P/FCF	13.6x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	12.9x	Market cap / cash from operations, when positive.
EV/FCF	11.1x	Enterprise value / free cash flow, when both are positive.
FCF yield	7.4%	Free cash flow / market cap.
Earnings yield	8.2%	Net income / market cap (the inverse of P/E).
Dividend yield	2.8%	Dividends paid over the period / market cap.
Shareholder yield	4.2%	(Dividends paid + share buybacks) / market cap.
PEG	0.79x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was HOME BANCSHARES INC profitable in fiscal 2025?

Yes. Net income was $475.4M, a net margin of -.

How much free cash flow did HOME BANCSHARES INC generate in fiscal 2025?

Cash from operations of $399.3M minus capital expenditures of $22.3M left free cash flow of $377.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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