Kroll Bond Rating Agency Assigns Senior Unsecured Debt Rating of BBB and Short-Term Debt Rating of K3 to Home BancShares, Inc.

Kroll Bond Rating Agency (KBRA) has assigned a senior unsecured debt rating of BBB, subordinated debt rating of BBB-, and short-term debt rating of K3 to Home BancShares, Inc. (NASDAQ: HOMB, “the Company”), a bank holding company headquartered in Conway, Arkansas. In addition, KBRA has assigned senior unsecured debt and deposit ratings of BBB+, a subordinated debt rating of BBB, and short-term debt and deposit ratings of K2 to the subsidiary bank, Centennial Bank. The Outlook on all long-term ratings is Stable.

KBRA’s senior unsecured debt rating of BBB for Home BancShares, Inc. is supported by the Company’s excellent efficiency, strong earnings, and geographic diversification. The ratings are primarily constrained by the Company’s high commercial real estate concentration, elevated levels of nonperforming assets, and acquisitive growth strategy, as well as a degree of key-man risk.

The ratings are based on KBRA’s Global Bank and Bank Holding Company Rating Methodology published on February 19, 2016.

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About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

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