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HOME BANCSHARES EXHIBIT 99.1 For Immediate Release : April 15 , 2021 HOMB's Unwavering Discipline , Strong Margins , Great Efficiency , Hard Work and Smart Investments Led to First Quarter Record Revenue and Profits Conway , AR _ Home Bancshares , Inc. ( NASDAQ GS : HOMB ) , parent company of Centennial Bank , released record quarterly earnings today . Highlights of the First Quarter of 2021 : Metric Q1 2021 Net Income Total Revenue ( net ) $ 91.6 million $ 193.4 million Income ( loss ) before income taxes $ 120.5 million Q4 2020 $ 81.8 million $ 181.9 million $ 107.7 million Q3 2020 $ 69.3 million $ 176.1 million $ 90.4 million Q2 2020 $ 62.8 million $ 173.7 million $ 82.1 million Q1 2020 $ 507,000 $ 162.7 million ( $ 2.4 million ) Pre - tax net income , excluding provision for credit losses ( PPNR ) ( non - GAAP ) ( 1 ) $ 120.5 million Pre - tax net income to total revenue ( net ) 62.32 % $ 107.7 million 59.19 % $ 104.4 million 51.32 % $ 102.7 million 47.25 % $ 92.2 million -1.49 % P5NR ( Pre - tax , pre - provision , profit percentage ) ( PPNR to total revenue ( net ) ) ( non - GAAP ) ( 1 ) 62.32 % 59.19 % 59.28 % 59.15 % 56.67 % ROA 2.22 % 1.97 % 1.66 % 1.55 % 0.01 % ROA ( pre - tax net income , excluding provision for credit losses ) ( non - GAAP ) ( 1 ) 2.92 % 2.60 % 2.50 % 2.53 % 2.45 % ROA , excluding provision for credit losses ( non - GAAP ) ( 1 ) 2.22 % 1.97 % 1.91 % 1.92 % 1.87 % NIM 4.02 % 4.00 % 3.92 % 4.11 % 4.22 % NIM , excluding PPP loans ( non - GAAP ) ( 1 ) 3.87 % 3.97 % 3.98 % 4.16 % 4.22 % Purchase Accounting Accretion ROE ROTCE ( non - GAAP ) ( 1 ) $ 5.5 million $ 5.7 million $ 7.0 million $ 7.0 million $ 7.6 million 14.15 % 12.72 % 10.97 % 10.27 % 0.08 % 22.90 % 20.96 % 18.29 % 17.40 % 0.14 % Diluted Earnings Per Share $ 0.55 $ 0.50 $ 0.42 $ 0.38 $ 0.00 Non - Performing Assets to Total Assets 0.38 % 0.48 % 0.47 % 0.39 % 0.44 % Common Equity Tier 1 Capital 14.3 % 13.4 % 12.6 % 12.0 % 11.5 % Leverage 11.1 % 10.8 % 10.4 % 10.3 % 10.8 % Tier 1 Capital 14.9 % 14.0 % 13.2 % 12.6 % 12.1 % Total Risk - Based Capital 18.8 % 17.8 % 16.9 % 16.2 % 15.7 % Allowance for Credit Losses to Total Loans 2.25 % 2.19 % 2.12 % 1.99 % 2.01 % Allowance for Credit Losses to Total Loans , excluding PPP loans ( non - GAAP ) ( 1 ) 2.40 % 2.33 % 2.29 % 2.15 % 2.01 % ( 1 ) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release . " Approximately $ 11 billion in loans at a yield of 5.56 % including accretion , PPP income , and event income ; a 36.60 % efficiency ratio ; a ‘ never give up ' approach to charge - offs ; starting to reap the benefits of investments ; along with a record $ 91.6 million in net income is paying off handsomely for HOMB shareholders , ” said John Allison , Chairman .