EXHIBIT 99.1

Home BancShares, Inc. Announces Record Quarterly Net Income of $17.7 Million

CONWAY, Ark., July 18, 2013 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (Nasdaq:HOMB), parent company of Centennial Bank, today announced second quarter net income of $17.7 million, or $0.31 diluted earnings per common share, compared to $15.5 million of net income, or $0.27 diluted earnings per common share (split adjusted) for the same quarter in 2012. The Company increased its second quarter earnings by $2.2 million or 14.0% for the three months ended June 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 second quarter of 2013 was $0.32 compared to $0.28 diluted earnings per common share excluding intangible amortization (split adjusted) for the same period in 2012.

"The second quarter's record net income is another exceptional achievement for Home BancShares," said John Allison, Chairman. "We also continue to exhibit strong capital levels, which remain considerably above the regulators' capital requirements. These strong reserves placed us in a position to participate in an opportunity like the recently announced Liberty Bank market acquisition. Merging these two similarly sized Arkansas-based companies with comparable cultures and history is a game-changer for Home BancShares. We are confidently optimistic of the Company's continued bright future when Liberty gets on board."

Randy Sims, Chief Executive Officer, added, "For the ninth consecutive quarter in the Company's history, we have again reported the most profitable quarter, increasing net income by $111,000 or 0.6% from our previously reported record earnings. Not only did the Company display an outstanding return on average assets of 1.71% for the second quarter of 2013, but we also improved our net interest margin by 53 basis points when comparing the second quarter of 2013 to the second quarter of 2012."

Operating Highlights

Net interest income for the second quarter of 2013 increased 14.5% to $44.8 million from $39.2 million during the second quarter of 2012. For the second quarter of 2013, the effective yield on non-covered loans and covered loans was 6.04% and 10.78%, respectively. Net interest margin, on a fully taxable equivalent basis, was 5.18% for the quarter just ended compared to 4.65% in the second quarter of 2012, an increase of 53 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 $9.8 million of non-interest income for the second quarter of 2013, compared to $11.1 million for the second quarter of 2012. The most important components of the second quarter non-interest income were $4.1 million from service charges on deposits accounts, $3.5 million from other service charges and fees, $1.6 million from mortgage lending income, $750,000 from other income, $444,000 from insurance commissions, $441,000 from gain on sale of other real estate owned, and $394,000 from gain on sale of assets offset by the $2.3 million of net amortization on the FDIC indemnification asset.

Non-interest expense for the second quarter of 2013 was $25.9 million compared to $24.4 million for the second quarter of 2012. For the second quarter of 2013, our efficiency ratio was 45.0% which was an improvement of 124 basis points from the same period of the previous year.

Financial Condition

Total non-covered loans were $2.34 billion at June 30, 2013 compared to $2.33 billion at December 31, 2012. Total covered loans were $329.8 million at June 30, 2013 compared to $384.9 million at December 31, 2012. Total deposits were $3.33 billion at June 30, 2013 compared to $3.48 billion at December 31, 2012. Total assets were $4.09 billion at June 30, 2013 compared to $4.24 billion at December 31, 2012.

Non-performing non-covered loans were $31.0 million as of June 30, 2013, of which $22.8 million were located in Florida. Non-performing non-covered loans as a percent of total non-covered loans were 1.33% as of June 30, 2013 compared to 1.17% as of December 31, 2012. Non-performing non-covered assets were $47.2 million as of June 30, 2013, of which $28.4 million were located in Florida. Non-performing non-covered assets as a percent of total non-covered assets were 1.30% as of both June 30, 2013 and December 31, 2012.

The Company's allowance for loan losses for non-covered loans was $40.5 million at June 30, 2013, or 1.73% of total non-covered loans, compared to $45.2 million, or 1.94% of total non-covered loans, at December 31, 2012. As of June 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 4.99% and 5.26%, respectively. As of June 30, 2013 and December 31, 2012, the Company's allowance for loan losses for non-covered loans was 130% and 166% of its total non-performing non-covered loans, respectively.

Stockholders' equity was $533.5 million at June 30, 2013 compared to $515.5 million at December 31, 2012, an increase of $18.0 million. Book value per common share was $9.49 at June 30, 2013 compared to $9.17 (split adjusted) at December 31, 2012.

Branches

During the second quarter, the Company opened a loan production office in Pensacola, Florida and subsequently converted it to a full-service branch. As a result of our acquisition of Premier Bank in the fourth quarter of 2012, three branches closed in the Tallahassee, FL area during the second quarter of 2013. In addition, the Company opened one de novo branch location on Highway 30A in Seagrove, Florida during the first part of July and has plans to open two additional de novo branches in the Florida Panhandle during the third quarter of 2013.

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 late in the third quarter or early in the fourth quarter of 2013 and is subject to Home and Liberty shareholder approval, regulatory approval, and other conditions set forth in the merger agreement.

The Company currently has 46 branches in Arkansas, 53 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, July 18, 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: 10029906, which will be available until July 26, 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."

CONTACT: Brian S. Davis
         Chief Accounting Officer &
         Investor Relations Officer
         Home BancShares, Inc.
         (501) 328-4770