HOME BANCSHARES INC, DEF 14A filed on 2/27/2026
Proxy Statement (definitive)
v3.25.4
Cover
 12 Months Ended
Dec. 31, 2025
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name HOME BANCSHARES, INC.
Entity Central Index Key 0001331520
v3.25.4
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
The following table sets forth information concerning the compensation of our NEOs for each of the fiscal years ended December 31, 2021, 2022, 2023, 2024 and 2025, and our financial performance for each such fiscal year:

Pay Versus Performance Table

YearSummary Compensation Table Total for PEO(1)Compensation Actually Paid to PEO (2)Average Summary Compensation Table Total for Non-PEO NEOs(3)Average Compensation Actually Paid to Non-PEO NEOs(4)Value of Initial Fixed $100 Investment Based On:Net Income(7)
Return on Average Assets, As Adjusted (non-GAAP)(8)
Total Shareholder Return(5)Peer Group Total Shareholder Return(6)
2025$7,221,420 $6,927,766 $900,713 $1,091,053 164.02 211.47 $475,441 2.05 %
20246,166,326 7,238,291 2,116,737 2,351,307 162.52 164.70 402,241 1.77 
20235,788,859 6,915,992 873,521 995,491 141.36 123.02 392,929 1.79 
20225,747,086 5,182,217 2,108,999 1,902,898 123.11 112.77 305,262 1.67 
20215,124,814 5,537,549 809,480 999,978 127.89 135.97 319,021 1.73 
        
Company Selected Measure Name return on average assets, as adjusted        
Named Executive Officers, Footnote Represents the total compensation of our principal executive officer (PEO), John W. Allison, as reported in the Summary Compensation Table for each year indicated.Represents the average of the total compensation of each of our non-PEO NEOs as reported in the Summary Compensation     Table for each year indicated. The non-PEO NEOs included in this calculation for 2025 are Brian S. Davis, J. Stephen Tipton, Kevin D. Hester and Donna J. Townsell. The non-PEO NEOs included in this calculation for 2020, 2021, 2023 and 2024 are Brian S. Davis, Tracy M. French, Kevin D. Hester and J. Stephen Tipton. The non-PEO NEOs included in this calculation for 2022 are Brian S. Davis, Tracy M. French, J. Stephen Tipton and Mikel Williamson.        
Peer Group Issuers, Footnote Represents a cumulative five-year total return of shareholders of a peer group calculated using the same method described in footnote (5). The peer group used for each year reported in the table is the S&P U.S. BMI Banks Index as listed under Item 5 of our Annual Report on Form 10-K for the year ended December 31, 2025.        
PEO Total Compensation Amount $ 7,221,420 $ 6,166,326 $ 5,788,859 $ 5,747,086 $ 5,124,814
PEO Actually Paid Compensation Amount $ 6,927,766 7,238,291 6,915,992 5,182,217 5,537,549
Adjustment To PEO Compensation, Footnote The amount reported in this column for each year indicated is calculated as follows:
Reconciliation of PEO SCT Total and
Compensation Actually Paid.
20252024202320222021
Total Compensation as reported SCT$7,221,420 $6,166,326 $5,788,859 $5,747,086 $5,124,814 
SubtractPension values reported in SCT for covered fiscal year(56,224)(71,075)(84,787)(97,449)(109,140)
SubtractFair value of equity awards granted during covered fiscal year(4,651,200)(3,765,330)(3,431,790)(3,661,290)(3,381,000)
AddPension value attributable to covered fiscal year's service and any change in pension value attributable to plan amendments made in the covered year— — — — — 
AddFair value of equity awards granted in covered fiscal year and that are unvested at end of such covered fiscal year - valued at year-end4,250,340 4,329,900 3,875,490 3,486,870 3,652,500 
AddFair value of equity awards granted in covered fiscal year that vested during such covered fiscal year - valued on date of vesting— — — — — 
AddDividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year— — — — — 
Add/SubtractChange in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year(157,560)899,910 767,080 (312,000)730,500 
Add/SubtractChange in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year320,990 (321,440)1,140 19,000 (480,125)
SubtractFair value of awards forfeited in current fiscal year determined at end of prior fiscal year— — — — — 
EqualsCompensation Actually Paid to PEO$6,927,766 $7,238,291 $6,915,992 $5,182,217 $5,537,549 
        
Non-PEO NEO Average Total Compensation Amount $ 900,713 2,116,737 873,521 2,108,999 809,480
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,091,053 2,351,307 995,491 1,902,898 999,978
Adjustment to Non-PEO NEO Compensation Footnote The amount reported in this column for each year indicated is calculated as follows:
Reconciliation of Non-PEO NEOs SCT Total and Compensation Actually Paid.20252024202320222021
Total Compensation as reported SCT$900,713 $2,116,737 $873,521 $2,108,999 $809,480 
SubtractPension values reported in SCT for covered fiscal year— (17,172)(15,915)(15,108)(13,662)
SubtractFair value of equity awards granted during covered fiscal year(45,600)(1,271,915)(33,645)(314,145)(33,270)
AddPension value attributable to covered fiscal year's service and any change in pension value attributable to plan amendments made in the covered year— — — 8,207 — 
AddFair value of equity awards granted in covered fiscal year and that are unvested at end of such covered fiscal year - valued at year-end55,560 1,457,450 75,990 182,320 24,350 
AddFair value of equity awards granted in covered fiscal year that vested during such covered fiscal year - valued on date of vesting— — — — — 
AddDividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year— — — — — 
Add/SubtractChange in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year(38,287)76,230 95,885 (66,690)181,408 
Add/SubtractChange in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year218,668 (10,023)(345)(685)31,673 
SubtractFair value of awards forfeited in current fiscal year determined at end of prior fiscal year— — — — — 
EqualsCompensation Actually Paid to Non-PEO NEOs$1,091,053 $2,351,307 $995,491 $1,902,898 $999,978 
        
Compensation Actually Paid vs. Total Shareholder Return
The following graphs show the relationship between the compensation actually paid to our PEO and the average of the compensation actually paid to our other NEOs to our total shareholder return, net income and return on average assets, as adjusted, and the relationship between our cumulative total shareholder return and the cumulative total shareholder return of the peer group, each over the fiscal years ending December 31, 2025 as reported in the table above:

2765
        
Compensation Actually Paid vs. Net Income
2768
        
Compensation Actually Paid vs. Company Selected Measure
2772
        
Total Shareholder Return Vs Peer Group
2774
        
Tabular List, Table
Financial Performance Measures Used to Link Executive Compensation to Company Performance
The following list presents the most important financial measures, as determined by the Compensation Committee, used by the Company to link compensation actually paid to our NEOs, for fiscal year 2025, to the Company’s performance:
•Return on average assets, as adjusted
•Return on tangible common equity, as adjusted
•Efficiency ratio, as adjusted
•Net charge-off ratio
•Net interest margin
        
Total Shareholder Return Amount $ 164.02 162.52 141.36 123.11 127.89
Peer Group Total Shareholder Return Amount 211.47 164.70 123.02 112.77 135.97
Net Income (Loss) $ 475,441,000 $ 402,241,000 $ 392,929,000 $ 305,262,000 $ 319,021,000
Company Selected Measure Amount 0.0205 0.0177 0.0179 0.0167 0.0173
PEO Name John W. Allison        
Measure:: 1          
Pay vs Performance Disclosure          
Name •Return on average assets, as adjusted        
Non-GAAP Measure Description Represents our return on average assets, as adjusted, for each year indicated, which we believe represents the most important financial performance measure that was used to link compensation actually paid to our PEO and non-PEOs for the most recent fiscal year to Company performance. See Appendix A to this Proxy Statement for a reconciliation of return on average assets, as adjusted, a non-GAAP measure, to the most directly comparable GAAP financial measure.        
Measure:: 2          
Pay vs Performance Disclosure          
Name •Return on tangible common equity, as adjusted        
Measure:: 3          
Pay vs Performance Disclosure          
Name •Efficiency ratio, as adjusted        
Measure:: 4          
Pay vs Performance Disclosure          
Name •Net charge-off ratio        
Measure:: 5          
Pay vs Performance Disclosure          
Name •Net interest margin        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (56,224) $ (71,075) $ (84,787) $ (97,449) $ (109,140)
PEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,651,200) (3,765,330) (3,431,790) (3,661,290) (3,381,000)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,250,340 4,329,900 3,875,490 3,486,870 3,652,500
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (157,560) 899,910 767,080 (312,000) 730,500
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 320,990 (321,440) 1,140 19,000 (480,125)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 (17,172) (15,915) (15,108) (13,662)
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 8,207 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (45,600) (1,271,915) (33,645) (314,145) (33,270)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 55,560 1,457,450 75,990 182,320 24,350
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (38,287) 76,230 95,885 (66,690) 181,408
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 218,668 (10,023) (345) (685) 31,673
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0
v3.25.4
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
The Company does not have a formal policy, but has an established practice described below, with respect to the granting of equity compensation. Our practices regarding the granting of equity awards are designed to ensure compliance with applicable securities laws and to maintain the integrity of our executive compensation program. The annual equity incentive awards to our Chairman and CEO and to our directors are recommended by the Compensation Committee and approved by the Board during its first-quarter meeting usually held in January of each year following the announcement of the Company’s fourth quarter and year-end financial and operating results. The Compensation Committee and the Board may from time-to-time grant promotional or other equity-based awards to our executive officers at other times during the year. In determining the timing and terms of an equity award, the Compensation Committee and the Board may consider material nonpublic information to ensure that such grants are made in compliance with applicable laws and regulations and, if appropriate, may delay the grant of equity awards until the public disclosure of such material nonpublic information. The Compensation Committee and Board of Directors did not grant stock options to any named executive officer during 2025.
The Committee evaluates opportunities under the Plan along with the annual setting of salaries and awarding bonuses and from time to time considers and grants awards to executive officers and key employees at other times during the calendar year in conjunction with the establishment of new Company-wide strategic goals or other circumstances. The Committee will also consider awards under the Plan, as appropriate, in recruiting new employees.  
Historically, the Committee has granted both regular (time-based) and performance-based restricted shares and nonqualified stock options. Awards granted on a regular (or fixed) basis carry a set vesting schedule based on a certain time period as determined by the Committee. Performance-based awards are payable in recognition of achievement of certain annual and/or cumulative performance goals of the Company or our bank subsidiary based on one or more designated performance criteria.
Award Timing Method The annual equity incentive awards to our Chairman and CEO and to our directors are recommended by the Compensation Committee and approved by the Board during its first-quarter meeting usually held in January of each year following the announcement of the Company’s fourth quarter and year-end financial and operating results. The Compensation Committee and the Board may from time-to-time grant promotional or other equity-based awards to our executive officers at other times during the year
Award Timing Predetermined true
Award Timing MNPI Considered true
Award Timing, How MNPI Considered In determining the timing and terms of an equity award, the Compensation Committee and the Board may consider material nonpublic information to ensure that such grants are made in compliance with applicable laws and regulations and, if appropriate, may delay the grant of equity awards until the public disclosure of such material nonpublic information.
MNPI Disclosure Timed for Compensation Value false