Home BancShares, Inc.

Greetings, ladies and gentlemen, and welcome to the Home Bank Shares Incorporated first quarter 2022 earnings call. The purpose of this call is to discuss the information and data provided in the quarterly earnings release issued this morning. The company presenters will begin with prepared remarks, then entertain questions. Please note that if you would like to ask a question during the question and answer session, please press star, then 1 on a touchtone phone. If you decide you want to withdraw your question, please press star then two to remove yourself from the list. The company has asked me to remind everyone to refer to the cautionary note regarding forward living statements. You will find this note on page three of their form 10-K file with the SEC in April of 2022. At this time, all participants are in a listen-only mode, and this conference is being recorded. If you need operator assistance during the conference, please press star, then zero. It is now my pleasure to turn the call over to Donna Townsall, Director of Investor Relations.

Good afternoon. This is Donna Townsall. I am Director of Investor Relations. Welcome to our first quarter conference call. Reporting today will be our Chairman, John Allison, Tracy French, President and CEO of Centennial Bank, Brian Davis, our Chief Financial Officer, Kevin Hester, our Chief Lending Officer, Chris Poulton, President of CCFG, John Marshall, President of Shore Premier Finance, and Steven Tipton, Chief Operating Officer. At this time, I would like to turn the call over to our chairman, John Allison.

Good afternoon. Thank you, Donna. Welcome to Home Bank Share's first quarter 2022 earnings release and conference call. Actually, in spite of all that's going on in the world with global unrest, inflation resulting in record wholesale prices, and increasing CPI index coupled with spiking interest rates, closing our largest acquisition ever, it really was a pretty solid quarter. Pretty plain vanilla, 40 cents EPS. I think that exceeded a little bit, if I'm not mistaken. With a fortress balance sheet and massive liquidity of $3.8 billion, plus or minus a little more. It changes every day, doesn't it? Yes, sir. So we decided to use $300 million of our liquidity to totally retire our 5.625 floating break subordinated notes on April 15th of 22, and that has been completed.