Exhibit 99.1

Home BancShares, Inc. Announces Record

Quarterly Net Income of $18.4 Million

Conway, AR – Home BancShares, Inc. (NASDAQ GS: HOMB), parent company of Centennial Bank, today announced third quarter net income of $18.4 million, or $0.33 diluted earnings per common share, compared to $16.1 million of net income, or $0.28 diluted earnings per common share (split adjusted) for the same quarter in 2012. The Company increased its third quarter earnings by $2.3 million or 14.1% for the three months ended September 30, 2013 compared to the same period of the previous year.

Because acquisitions are growth and capital management strategies, earnings excluding amortization of intangibles after-tax are useful in evaluating the Company. Diluted earnings per common share excluding intangible amortization for the third quarter of 2013 was $0.33 compared to $0.29 diluted earnings per common share excluding intangible amortization (split adjusted) for the same period in 2012.

“Home BancShares has achieved yet another record quarter for net income, making it the tenth consecutive quarter to meet this outstanding accomplishment,” said John Allison, Chairman. “Our strong capital levels continue to remain considerably above the regulators’ capital requirements, while our strong reserves have placed us in a position to partake in an opportunity like the upcoming Liberty Bank market acquisition. This game-changing merger of these two similarly sized Arkansas-based companies with comparable cultures and history makes us confidently optimistic of the Company’s continued bright future when Liberty gets on board.”

Randy Sims, Chief Executive Officer, added, “The $704,000 or 4.0% increase from our previously reported record earnings is truly another outstanding achievement. The Company also reported exceptional results for return on average assets of 1.80%, net interest margin of 5.41% and efficiency ratio of 45.67%.”

Operating Highlights

Net interest income for the third quarter of 2013 increased 20.0% to $46.4 million from $38.6 million during the third quarter of 2012. For the third quarter of 2013, the effective yield on non-covered loans and covered loans was 5.88% and 12.76%, respectively. Net interest margin, on a fully taxable equivalent basis, was 5.41% for the quarter just ended compared to 4.65% in the third quarter of 2012, an increase of 76 basis points. The Company was able to expand its net interest margin because of its ability to improve pricing on interest bearing deposits combined with additional yield on FDIC loss sharing loans which more than offset the lower interest rates on newly originated loans in the loan portfolio during this historically low rate environment.

The Company reported $9.3 million of non-interest income for the third quarter of 2013, compared to $10.6 million for the third quarter of 2012. The most important components of the third quarter non-interest income were $4.1 million from service charges on deposits accounts, $3.7 million from other service charges and fees, $1.5 million from mortgage lending income, $1.0 million from other income, $777,000 from gain on sale of other real estate owned, $519,000 from insurance commissions, and $303,000 from gain on sale of assets offset by the $3.2 million of net amortization on the FDIC indemnification asset.

Non-interest expense for the third quarter of 2013 was $26.7 million compared to $24.0 million for the third quarter of 2012. This increase is primarily associated with the acquisition of Heritage Bank of Florida and Premier Bank during the fourth quarter of 2012. Excluding merger expenses non-interest expense improved by $173,000 for the third quarter of 2013 from the second quarter of 2013. For the third quarter of 2013, our core efficiency ratio was 44.8% which was an enhancement of 100 basis points from the second quarter of 2013.

Financial Condition

Total non-covered loans were $2.38 billion at September 30, 2013 compared to $2.33 billion at December 31, 2012. Total covered loans were $308.1 million at September 30, 2013 compared to $384.9 million at December 31, 2012. Total deposits were $3.25 billion at September 30, 2013 compared to $3.48 billion at December 31, 2012. Total assets were $4.16 billion at September 30, 2013 compared to $4.24 billion at December 31, 2012.

Non-performing non-covered loans were $28.4 million as of September 30, 2013, of which $21.3 million were located in Florida. Non-performing non-covered loans as a percent of total non-covered loans were 1.20% as of September 30, 2013 compared to 1.17% as of December 31, 2012. Non-performing non-covered assets were $42.8 million as of September 30, 2013, of which $25.5 million were located in Florida. Non-performing non-covered assets as a percent of total non-covered assets were 1.15% as of September 30, 2013 compared to 1.30% as of December 31, 2012.

The Company’s allowance for loan losses for non-covered loans was $37.6 million at September 30, 2013, or 1.58% of total non-covered loans, compared to $45.2 million, or 1.94% of total non-covered loans, at December 31, 2012. As of September 30, 2013 and December 31, 2012, the allowance for loan losses for non-covered loans plus discount for credit losses on non-covered loans acquired to total non-covered loans plus discount for credit losses on non-covered loans acquired was 4.68% and 5.26%, respectively. As of September 30, 2013 and December 31, 2012, the Company’s allowance for loan losses for non-covered loans was 132% and 166% of its total non-performing non-covered loans, respectively.

Stockholders’ equity was $545.1 million at September 30, 2013 compared to $515.5 million at December 31, 2012, an increase of $29.7 million. Book value per common share was $9.69 at September 30, 2013 compared to $9.17 (split adjusted) at December 31, 2012.

Branches

During the third quarter, the Company opened two de novo branch locations one on Highway 30A in Seagrove, Florida and the other in Pensacola, Florida. The Company currently has no plans for additional de novo branch locations. During the fourth quarter of 2013, the Company has plans to close one branch in Panama City, Florida.

Upon completion of the Liberty Bank transaction announced at the end of the second quarter, Centennial Bank will have 46 additional branch locations across Northeast Arkansas, Northwest Arkansas and Western Arkansas. The acquisition is expected to close the day following the Home BancShares and Liberty Bancshares shareholder meetings to be held on October 23, 2013. The Company currently has 46 branches in Arkansas, 54 branches in Florida and 7 branches in Alabama.

Conference Call

Management will conduct a conference call to review this information at 1:00 p.m. CT (2:00 ET) on Thursday, October 17, 2013. Interested parties can listen to this call by calling 1-888-317-6016 and asking for the Home BancShares conference call. A replay of the call will be available by calling 1-877-344-7529, Passcode: 10033818, which will be available until October 25, 2013 at 8:00 a.m. CT (9:00 ET). Internet access to the call will be available live or in recorded version on the Company’s website at www.homebancshares.com under “Investor Relations” for 12 months.

General

This release contains forward-looking statements regarding the Company’s plans, expectations, goals and outlook for the future. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risk and uncertainties. Various factors, including, but not limited to, economic conditions, credit quality, interest rates, loan demand, the ability to successfully integrate new acquisitions and changes in the assumptions used in making the forward-looking statements, could cause actual results to differ materially from those contemplated by the forward-looking statements. Additional information on factors that might affect Home BancShares, Inc.’s financial results is included in its Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Securities and Exchange Commission.

Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Our wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has locations in Central Arkansas, North Central Arkansas, Southern Arkansas, the Florida Keys, Southwestern Florida, Central Florida, the Florida Panhandle and South Alabama. Upon completion of the Liberty Bank transaction, Centennial Bank will have additional locations in Northeast Arkansas, Northwest Arkansas and Western Arkansas. The Company’s common stock is traded through the NASDAQ Global Select Market under the symbol “HOMB.”

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FOR MORE INFORMATION CONTACT:

Brian S. Davis

Chief Accounting Officer &

Investor Relations Officer

Home BancShares, Inc.

(501) 328-4770

Home BancShares, Inc.

Consolidated End of Period Balance Sheets

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Consolidated Statements of Income

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Selected Financial Information

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Selected Financial Information

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Loan Information

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