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For years, the Dogecoin community has wished to see the DOGE coin accepted by big institutions, and that moment is finally beginning to arrive. In a post on X, the Dogecoin Foundation says that this new phase, led by House of Doge, is helping DOGE connect with major investors while keeping its lighthearted and community-based identity.

Dogecoin Moves Toward Global Adoption With Institutional Backing
According to the Dogecoin Foundation, the focus on institutional adoption is growing as House of DOGE pursues a NASDAQ Listing, marking a critical new phase for the cryptocurrency. After years of being driven mainly by its loyal supporters, DOGE is starting to attract major investors who see real potential in its future. 

The Dogecoin Foundation announced that House of Doge (HoD) and the Dogecoin Treasury are becoming public organizations, transitioning from private ownership. They have secured 225 million dollars in new funding to support the latest development and push DOGE’s global growth.

With the development, DOGE is no longer limited to crypto traders alone, as both everyday people and traditional investors can now be part of the memecoin’s journey. According to the Dogecoin Foundation, the meme coin is not losing what makes it special, even with all these changes. 

What once seemed out of reach is now becoming possible. As the altcoin aims for a potential NASDAQ listing, the step marks more substantial confidence from institutional investors. 

Strengthening The Ecosystem And Future Development
The Dogecoin Foundation is also bringing focus to the work happening behind the scenes. The Foundation currently employs 15 full-time team members who are actively developing over a dozen open-source projects, including upgrades to the Core, improvements to software libraries, and hardware tools that could bring DOGE closer to millions.

A new 20-year partnership between the Dogecoin Foundation and House of Doge will provide lasting financial support. With a solid structure now in place, the Foundation said it can continue building and improving DOGE for many years. 

Alongside this, the Dogecoin Foundation says that developers are building new projects like the @DogeOS smart contract Layer-2 and the Fractal side-chain to allow DOGE to handle tokenized real-world assets and bring more real use cases to the DOGE network.

With all these projects moving forward, the Dogecoin Foundation says DOGE’s utility is growing faster than ever, and people can expect more use, acceptance, and trust in the memecoin as it continues to grow as a worldwide currency. 

The steady progress shows that the meme coin has evolved far beyond its early image as a fun internet coin. As institutional adoption builds ahead of a potential NASDAQ listing, DOGE could be entering a new stage of maturity and recognition, strengthened by the creativity and teamwork that define its dedicated community.

DOGE continues to trade sideways | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com

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I'm Sandra White, a writer at Bitcoinist, and I provide the latest updates on the world of cryptocurrencies. I believe crypto a gateway to a new order and I have made it my life's mission to help educate as much people as possible.
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33 minutes ago

Crypto users were left scrambling on Wednesday after Paxos minted 300 trillion of PayPal's PYUSD stablecoin, then sent it all to a burn address.

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Blockchain data showed stablecoin issuer Paxos both minted and burned 300 trillion tokens of the PayPal USD stablecoin within 30 minutes, leaving many crypto users scratching their heads.

In a Wednesday X post following the mint and burn, Chaos Labs founder Omer Goldberg said Aave would be temporarily freezing trades for PayPal USD (PYUSD) after an “unexpected high-magnitude transaction” of minting and burning the stablecoin. Ethereum blockchain data showed Paxos minting 300 trillion of the US dollar-pegged stablecoin at 7:12 pm UTC and then burning the entire amount 22 minutes later by sending it to an inaccessible wallet.

PYUSD, pegged 1:1 to the US dollar, makes the supply of the burned coins worth about $300 trillion. The stablecoin has a market capitalization of more than $2.3 billion at this writing, making it the sixth-largest coin behind Tether’s USDt (USDT), USDC (USDC), Ethena USDe (USDE), Dai (DAI), and World Liberty Financial USD (USD1).

The 300 trillion PYUSD mint. Source: EtherscanIn a Wednesday X post, Paxos said it had “mistakenly minted excess PYUSD as part of an internal transfer.”

“This was an internal technical error,” said Paxos. “There is no security breach. Customer funds are safe. We have addressed the root cause.”

PYUSD maintained its dollar peg following the news, but its price briefly dropped by about 0.5%, according to data from Nansen.

PYUSD price immediately after the mint and burn. Source: Nansen$300 trillion is more than twice the Gross Domestic Product for every country on earth, according to data from the International Monetary Fund.

This is a developing story, and further information will be added as it becomes available.

Coinbase has placed BNB on its listing roadmap, indicating intent while trading has remained contingent on market-making support and technical readiness. The move has followed public criticism, as Blue Carpet has offered direct access to listings teams and Coinbase has reiterated that listings are free.

U.S. Treasury Secretary Scott Bessent says the move is necessary to compete effectively against “non-market” economies like China. Trump's Anti-China Price Controls Send Bitcoin to $111K China and the U.S. are now embroiled in an all-out trade war and it appears bitcoin has taken the brunt of the impact, more so than stocks. U.S.

The cryptocurrency market has bounced back after starting the day in the red, with Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and other coins trading in positive territory. BTC briefly slipped below the $110,000 mark on Tuesday but bounced back to reclaim $113,000, reaching an intraday high of $113,514. It lost momentum after reaching this level and dropped to $112,076 before recovering and moving to its current level. The flagship cryptocurrency is up nearly 1% over the past 24 hours, trading around $112,450. 

Meanwhile, ETH made a stronger recovery, rising over 3% to reclaim $4,100 and move to its current level of $4,122. Ripple (XRP) is up 1.50%, while Solana (SOL) is up almost 5%, having reclaimed $200 and trading around $205. Dogecoin (DOGE) is up 3%, while Cardano (ADA) is up over 3%, trading around $0.702. Chainlink (LINK) is up 2.61%, while Stellar (XLM) is up over 3%, trading around $0.338. Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) have also registered a sharp increase as markets recover. 

DOJ Seizes $15 Billion In Bitcoin (BTC) The United States Department of Justice (DOJ) has seized $15 billion in Bitcoin (BTC) from a “pig butchering” network. Officials are calling the forfeiture the largest in US History. Federal prosecutors unsealed an indictment on Tuesday, charging Chen Zhi, a Chinese national who holds several passports. Zhi is the mastermind behind the Cambodia-based Price Group, one of the country’s largest conglomerates, with money laundering conspiracy and wire fraud conspiracy. 

The Treasury Department also sanctioned several affiliates of the Prince Group and designated them as criminal organizations. The crackdown comes amid growing cases of the “pig butchering” scam, costing Americans millions. Authorities confirmed the seizure of 127,271 BTC, valued at $15 billion at current prices. Christopher Raia, assistant director in charge of the FBI’s New York field office, said it is one of the largest pig butchering scams they have investigated. 

“The scams are rampant. The FBI is focusing on the biggest cases to try to stop the harm. It’s kind of like jaywalking. Authorities can’t arrest their way out of the problem. The FBI is focusing on the biggest cases to cut off the head of the snake.”

Dow Jones Falls 500 Pts As Trade Tensions Spike The Dow Jones Industrial Average fell 500 points as stocks dropped, thanks to growing trade tensions between the US and China. The benchmark S&P 500 fell 1.3%, while the tech-heavy Nasdaq Composite dropped 2%. US stocks started the week in positive territory after Friday’s rout. However, investor sentiment soured after China retaliated against US tariffs, leading to concerns about an escalation of the trade war between the two largest economies. President Trump has accused China of trying to disrupt the global economy through export controls on rare earth and other crucial minerals. Meanwhile, China countered, calling the restrictions necessary. JPMorgan chief executive officer Jamie Dimon stated, 

“The U.S. economy remained resilient in the quarter. However, significant risks persist — including from tariffs and trade uncertainty, worsening geopolitical conditions, high fiscal deficits, and elevated asset prices.”

BlackRock CEO Calls Tokenization A “New Wave Of Opportunity” BlackRock CEO Larry Fink expects traditional finance assets to move towards a tokenized version of themselves over the next few decades. Fink stated that he views tokenizing all assets as the next major move for the world’s largest asset manager and a good opportunity to onboard more people. Fink stated, 

“If we can tokenize an ETF, digitize that ETF, we can have investors who are just beginning to invest in markets through, let’s say, crypto, they’re investing in it, but now we can get them into the more traditional long-term retirement products. We look at that as the next wave of opportunity for BlackRock over the next tens of years, as we start moving away from traditional financial assets by digitally reporting them and having people stay in that digital ecosystem.”

However, Fink added that tokenization was still in its infancy and had room to expand into several other sectors. 

“I do believe we’re just at the beginning of the tokenization of all assets, from real estate to equities, to bonds. Across the board.”

Fink was initially a crypto skeptic, calling the industry an index of money laundering in 2017 and doubling down on his position in 2018, adding that none of his clients wanted to invest in crypto. However, Fink conceded that while he was a critic in the past, his stance on crypto has changed. Earlier this week, the BlackRock CEO said he believes cryptocurrency will play a crucial role in a diversified investor portfolio. 

“There is a role for crypto in the same way there is a role for gold; it’s an alternative. For those looking to diversify, this is not a bad asset, but I don’t believe it should be a large part of your portfolio.”

Bitcoin (BTC) Price Analysis Bitcoin (BTC) is struggling to regain momentum after registering another substantial decline on Tuesday. The flagship cryptocurrency ended the weekend in positive territory, rising nearly 4% on Sunday and settling at $115,067. The price faced volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as BTC registered a marginal increase and settled at $115,274. The price fell to an intraday low of $109,945 on Tuesday as selling pressure returned. It recovered from this level to reclaim $113,000 and settle at $113,068, ultimately dropping 1.91%. BTC is marginally up during the ongoing session, trading around $113,078. 

While investors are still rattled, trading activity is showing signs of recovery. BTC’s 24-hour spot volume rose 35% to $90 billion, while derivatives turnover rose nearly 40% to $144 billion, according to data from CoinGlass. However, open interest (OI) fell roughly 2% to $72.5 billion, indicating that traders are closing leveraged positions rather than opening new ones. While this soothes volatility in the short term, it leaves markets vulnerable to sudden moves. 

President Trump has intensified trade tensions with China after threatening to ban the import of cooking oil from Beijing in response to the latter’s ongoing boycott of US soybeans. President Trump’s latest threat came after weeks of tariffs, threats, and countermeasures had escalated concerns about a full-blown trade war between the US and China. The latest salvo unsettled already jittery markets, with stocks, commodities, and cryptocurrencies registering sharp drops. As a result, the Nasdaq fell 3.5% as investors turned to safer assets like gold and US Treasuries. BTC, often viewed as a “risk-on” asset, fell with the traditional market. The renewed uncertainty comes after last week’s market crash, which saw over $19 billion in crypto long positions liquidated in 24 hours. Another $600 million was liquidated the following day as traders unwound risk. 

Meanwhile, veteran trader Peter Brandt believes BTC could reclaim previous levels, even its all-time high, but only after another major correction. Brandt stated, 

“Either a huge shakeout, which would be confirmed by an ATH quickly within the next week or so. Or a violation of the parabola, which every time in the past has produced a 75% price decline. I think the day of the 80% decline is over, but perhaps back to $50-60,000 and test the lower skin of the banana.”

However, he acknowledged there could be a bearish outcome as well. Meanwhile, Capriole Investments founder Charles Edwards stated that traders must be careful with leverage and acknowledge long-term risks. 

“If anything, this weekend was a reminder that you have to be so careful with leverage, and even multiples above 1.5x are dangerous. They do, and you need to always consider multi-year, long-term risk.”

However, he added that the weekend volatility was temporary and that the market outlook for the upcoming weeks was positive. 

BTC traded in bullish territory last week, and began the previous week with a 1.41% increase to $122,318. The price registered a marginal rise on Saturday before reaching an intraday high of $125,750 on Sunday. BTC ultimately ended the weekend at $123,520, up 0.87%. Buyers retained control on Monday as the price rose 0.97% and settled at $124,720, but not before reaching an intraday high of $126.296. BTC lost momentum on Tuesday, falling almost 3% to $121,393. The price recovered on Wednesday, rising nearly 2% and settling at $123,343. Selling pressure returned on Thursday as BTC fell 1.32% to a low of $119,713 before settling at $121,714.

Source: TradingView

BTC and the crypto market crashed on Friday after President Trump announced 100% tariffs on Chinese goods and new export controls for software. The announcement was made in retaliation for China's imposition of restrictions on rare earth mineral exports. As a result, BTC plunged to $102,000 on Binance before recovering and settling at $112,980. Selling pressure persisted on Saturday as the price fell almost 2% to $110,768. Despite the overwhelming selling pressure, markets recovered on Sunday. As a result, BTC rose nearly 4% to reclaim $115,000 and settle at $115,067. The price faced selling pressure and volatility on Monday, ultimately registering a marginal increase and settling at $115,274. Selling pressure returned on Tuesday as BTC fell to an intraday low of $109,945. It recovered from this level to reclaim $113,000 and settle at $113,068, ultimately dropping 1.91%. BTC is marginally down during the ongoing session, trading around $112,611. 

Ethereum (ETH) Price Analysis Ethereum (ETH) has rebounded during the ongoing session, rising nearly 1% and trading around $4,155. The altcoin started the week in positive territory, rising over 2% to cross $4,200 and settle at $4,244. However, selling pressure returned on Tuesday as the price fell to a low of $3,895 before recovering to reclaim $4,000 and settle at $4,129, ultimately dropping nearly 2%. 

Although ETH is struggling to regain momentum and reclaim lost levels, BitMine Immersion Chairman Tom Lee and BitMEX founder Arthur Hayes have doubled down on their prediction that ETH will reach $10,000 by the end of the year. The prediction comes despite Friday’s market crash and the fact that there are fewer than three months left for the year to end. Lee stated during a podcast, 

“For Ethereum, somewhere between $10,000 and $12,000.”

Hayes, who appeared on the same podcast, stated that he will stick to his $10,000 prediction. Lee added that a significant rally to $5,000 won’t signal excessive market froth because ETH has been consolidating within range since hitting its all-time high in 2021. 

“Ethereum’s basically been basing for four years now, just broke out of the range, so to me, it wouldn’t be a blow off top, but rather seeking essentially price discovery at a new level.”

Sorare CEO Nicolas Julia is also bullish on Ethereum despite the fact that the fantasy sports platform is migrating to Solana, a transition he called an “upgrade.” Julia explained that Solana is the most viable chain for the platform as it leads the fantasy crypto vertical in daily revenue. 

Meanwhile, institutions and institutional investors have paused their crypto accumulation spree in light of recent market developments. According to data from Lookonchain, Grayscale made substantial deposits of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), in a move that could be a major sell. According to Lookonchain, Grayscale has deposited 1,856 BTC, 29,718 ETH, and 10,516 SOL, collectively worth about $358 million. 

ETH started the previous weekend in positive territory, registering a marginal increase on Friday. However, it fell 0.55% on Saturday and settled at $4,487. Positive sentiment returned on Sunday as the price rose 0.62% to reclaim $4,500 and settle at $4,515. Buyers retained control on Monday as ETH rose almost 4% to cross $4,600 and settle at $4,685. Despite the positive sentiment, the price fell by over 5% on Tuesday, settling at $4,451. ETH recovered on Wednesday, rising 1.68%, but was back in the red on Thursday, dropping 3.47% and settling at $4,369.

Source: TradingView

ETH plunged to an intraday low of $3,444 on Friday after President Trump announced 100% tariffs on Chinese imports and export controls on key software. It recovered from this level to settle at $3,836, ultimately dropping over 12%. Selling pressure persisted on Saturday as the fell 2.21% to $3,752. ETH recovered on Sunday, rising nearly 11% to reclaim $4,000 and settle at $4,158. Buyers retained control on Monday as the price rose over 2% and settled at $4,224. ETH plunged to an intraday low of $3,895 on Tuesday as selling pressure intensified. However, it recovered from this level to reclaim $4,000 and settle at $4,129, ultimately dropping $4,129. ETH is marginally down during the ongoing session, as buyers and sellers struggle to establish control.

Solana (SOL) Price AnalysisSolana (SOL) reclaimed $200 on Tuesday despite plunging to an intraday low of $191. The altcoin started the week in positive territory but fell 2.99% on Tuesday, dropping to $191 before reclaiming $200 and settling at $202. SOL is marginally up during the ongoing session, trading around $204.

Demand for leveraged bullish positions is muted, with the perpetual futures funding rate hovering around 0%. The indicator generally ranges between 6% and 12% under normal market conditions. SOL’s funding rate before Friday’s crash was around 4%, already below the neutral rate. When the funding rate drops to negative, it indicates that short sellers are dominating the market. However, such a scenario rarely lasts because of the cost of maintaining the bets. However, the ongoing strain in SOL’s derivatives market mirrors the damage caused by Friday’s crash.

Solana’s on-chain metrics also reveal a lack of bullish momentum. Network activity has struggled to regain momentum since the memecoin frenzy at the beginning of 2025. The Solana blockchain has also seen its lead in decentralized exchanges drop, as competitors gain market share.

SOL started the previous weekend in the red, dropping nearly 1% on Friday and over 2% on Saturday to settle at $227. The price recovered on Sunday, reaching an intraday high of $237 before settling at $238. Buyers retained control on Monday, rising almost 2% and settling at $232. Despite the positive sentiment, SOL returned to bearish territory on Tuesday, dropping over 5% to $220. Despite the overwhelming selling pressure, the price recovered on Wednesday, rising over 4% to $229. Selling pressure returned on Thursday as SOL fell 3.52% to $221.

Source: TradingView

Selling pressure intensified on Friday as markets tanked. As a result, SOL plunged to an intraday low of $170 before settling at $188, ultimately dropping over 14%. Sellers retained control on Saturday as the price fell almost 6% to $177. SOL made a strong recovery on Sunday, rising nearly 11% and settling at $197. The price continued pushing higher on Monday, rising almost 6% to reclaim $200 and settle at $208. Despite the positive sentiment, SOL lost momentum on Tuesday, falling to an intraday low of $191 before recovering to reclaim $200 and settle at $202. The price is marginally up during the ongoing session, trading around $204.

Dogecoin (DOGE) Price AnalysisDogecoin (DOGE) ended the previous weekend in positive territory, rising 0.92% to $0.252. Buyers retained control on Monday as the price rose over 5% and settled at $0.265. Despite the positive sentiment, DOGE was back in the red on Tuesday, falling over 7% and settling at $0.246. The price recovered on Wednesday, rising 3.40% and settling at $0.255. Selling pressure returned on Thursday as DOGE fell over 2% and settled at $0.249. DOGE plunged to an intraday low of $0.096 on Friday as the market crashed. However, it recovered from this level and settled at $0.194, ultimately dropping 22%.

Source: TradingView

Price action was mixed over the weekend as DOGE fell by over 4% on Saturday and settled at $0.186. The price recovered on Sunday, rising over 11% to reclaim $0.20 and settle at $0.207. DOGE started the current week in positive territory, rising nearly 3% and settling at $0.213. Selling pressure returned on Tuesday as the price fell over 4% to a low of $0.194 before settling at $0.203. The current session sees DOGE marginally down, trading around $0.202.

Bittensor (TAO) Price AnalysisBittensor (TAO) started the previous week positively, rising over 9% to settle at $344. However, selling pressure returned on Tuesday as the price fell nearly 4% and settled at $331. Positive sentiment returned on Wednesday as TAO rose over 2% to $338. The price continued pushing higher on Thursday, rising 2.47% and settling at $346. The price plunged to an intraday low of $140 on Friday as markets tanked. However, TAO recovered from this level to reclaim $200 and settle at $291, ultimately dropping 15.78%.

Source: TradingView

TAO recovered on Saturday, reaching an intraday high of $331 before settling at $297, ultimately rising 1.96%. Bullish sentiment intensified on Sunday as the price rallied, rising nearly 30% to reclaim $400 and settle at 384. Buyers retained control on Monday as TAO continued pushing higher, rising over 16% to $447. TAO fell to an intraday low of $382 on Monday but recovered to reclaim $400 and settle at $459, ultimately rising almost 3%. The price has fallen by over 3% during the ongoing session, trading around $445. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Journalist

Posted: October 16, 2025

Key Takeaways
What triggered the U.K.’s compensation move?
The Crown Prosecution Service confirmed it will design a restitution plan following the £5 billion Bitcoin seizure.

What’s next in the case?
Sentencing for Qian and her associate is set for 10–11 November, with a civil recovery and compensation order expected to follow.

The U.K. government is preparing to establish a compensation scheme for victims of a Chinese crypto fraud. 

The update—reported by The Financial Times on 15 October—follows the Metropolitan Police’s September announcement. 

The Crown Prosecution Service (CPS) confirmed that it will develop a restitution framework for the largest U.K. Bitcoin seizure.

The Met Police announced that it had confiscated 61,000 Bitcoin, now worth approximately £5 billion, from Chinese national Zhimin Qian (also known as Yadi Zhang) and her associate, Seng Hok Ling.

Qian and Ling pleaded guilty at Southwark Crown Court last month to offences under the Proceeds of Crime Act (2002). They orchestrated a massive investment fraud in China that defrauded more than 128,000 victims.

DPP confirms restitution plan
According to the FT report, Stephen Parkinson, Director of Public Prosecutions, told victims that the government is exploring a formal compensation scheme. However, details have not yet been disclosed.

CPS counsel Martin Evans KC told the court that such a framework would offer “adequate protection for victims.”

Evans revealed that Qian had recently disclosed new access codes and passwords for additional wallets containing roughly £67 million in crypto assets. 

A hidden ledger found inside a pocket of her clothing at the time of her arrest reportedly helped investigators locate the funds.

Victims’ lawyer William Glover of Fieldfisher said the DPP has “accepted responsibility” to create a restitution process for those unable to recover losses through standard legal channels.

Context: world’s largest crypto seizure
The Met Police’s Economic Crime Command described the case as the largest U.K. Bitcoin seizure and money-laundering operation. They also stated that they had assistance from Chinese law enforcement and the CPS.

Sentencing for Qian and Ling is scheduled for 10–11 November at Southwark Crown Court, after which a civil recovery and compensation order is expected.

Global parallel: U.S. pursues $12 billion forfeiture
The U.K. move comes just days after the U.S. Department of Justice filed to forfeit 127,271 BTC (worth about $12 billion). 

The fund is linked to a transnational “pig-butchering” scam run by Chen Zhi, connected to Cambodia’s Huione Group.

That U.S. case marked the largest crypto forfeiture in history, showing a growing international effort to recover illicit digital assets.

5 things that need to happen for Bitcoin to stay above $100k Liam 'Akiba' Wright · 15 seconds ago · 4 min read

Realized support sits at $107K while flow data show U.S. ETFs still absorbing late-phase distribution.

Oct. 15, 2025 at 10:30 pm UTC

4 min read

Updated: Oct. 15, 2025 at 5:24 pm UTC

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Bitcoin price traded near $110,000 today as ETF flow streaks and the $107,000 support take focus.

Spot ETF demand remains the pivot. BlackRock’s IBIT is approaching $100 billion in assets, roughly 799,000 BTC, as the largest U.S. fund complex continues to concentrate supply.

U.S. spot products printed fresh net inflows of $102 million yesterday and just two days of outflows over the last 10 days – a reminder that flow clusters, rather than single prints, tend to steer trend durability.

Academic work on exchange-traded products finds that daily price changes often precede fund flows, with a documented price-to-flow lead-lag that creates reflexive feedback once momentum is in motion. That framing fits this quarter’s tape, where billion-dollar flow days during prior breakouts helped extend rallies.

On-chain rotation shows distribution into strength, while mid-tier accumulation improved into October’s push. Long-term holder spending increased into new highs, a typical pattern late in impulse phases, while ETF demand acted as the main absorber.

Cost-basis clustering locates dense realized support in the $107,000 to $109,000 band, with an air pocket toward $93,000 to $95,000 if that area fails on closing basis.

Above spot, supply from prior buyers tends to re-emerge around $114,000 to $117,000, where profit-taking has capped advances in recent weeks, as discussed in Glassnode’s latest weekly.

Derivatives add texture to the crash-risk debate.The 30-day DVOL index remains elevated versus prior months, and 25-delta skew has flipped from call-rich to put-rich during stress episodes before easing on rebounds, per Deribit.

Skew that turns quickly positive after being negative tends to coincide with short-term drawdown windows as downside protection gets bid.

At the same time, funding and leverage remain more muted than in past blow-off phases, which lowers the probability of cascade-driven deleveraging from a starting point of crowded longs. That mix points to fragility around shocks without the tinder of extreme perpetual leverage.

Liquidity still tilts the balance toward Bitcoin over alt-beta during stress.

U.S. venues command the largest share of 1 percent market depth, providing a thicker top-of-book that absorbs flows more reliably than offshore counterparts. That depth concentration, plus the ETF wrapper’s steady creation and redemption plumbing, helps explain why BTC has weathered macro jolts with smaller drawdowns than many high-beta tokens this year.

Macro remains the main source of jump risk.

Equity valuations are flagged as stretched, and tariff and trade themes have returned to the front page as drivers of risk-off swings. Headlines around tariffs last week produced a mechanical crypto deleveraging, with tens of billions in liquidations reported as traders rushed to re-hedge. That backdrop argues for wider near-term ranges, then a reassessment once flow and volatility data reset after event risk.

Against this backdrop, the path splits into three well-defined tracks.

A continuation phase opens if spot can close and hold above $117,000 while U.S. ETFs post a run of multi-day net inflows, which would keep absorption ahead of long-term holder distribution and re-engage the October high area near $126,000.

A digestion track remains the base case if flows are mixed and the spot oscillates between $107,000 and $126,000 while DVOL mean-reverts and funding remains moderate.

A crashy tail appears if policy shock risk returns in force, skew turns durably put-rich, ETFs see outflow clusters, and spot closes below $107,000, which would expose the realized-cost void toward $93,000 to $95,000.

Street frameworks offer context rather than direction.Standard Chartered still frames a $150,000 to $200,000 window for 2025 if ETF demand persists. Banks have also leaned on the gold parity lens, with gold near record highs around $3,700 per ounce, to map upper bounds via volatility-scaled comparisons. The usefulness of those targets depends on whether ETF inflows keep pace and whether macro tails remain contained.

Options and flow metrics help translate those conditions into daily calls. Traders watch whether call crowding cools as price grinds higher, or whether downside hedging leads the tape when macro dates approach.

DVOL spikes continue to mark jump windows, a pattern made visible on Deribit’s term structure and risk reversals. Funding that stays centered reduces the fuel for forced selling, which keeps pullbacks closer to realized support bands rather than disorderly ranges.

The forward checklist is narrow and testable. ETF flow streaks set the tone, options skew shows whether crash insurance is in demand, and on-chain cost clusters mark the zones where absorption should appear if the uptrend resumes after shocks.

Liquidity depth on U.S. venues rounds out the set, since thin books during up-moves raise rug risk and inflate realized volatility.

MetricTrigger to watchImplicationSourceU.S. spot ETF net flows3–5 straight inflow daysClears $114,000–$117,000 supply, revisits ATH zoneflow tracker25Δ skew, DVOLSkew turns put-rich as DVOL jumpsCrash-risk window opens, range lows in playDeribitRealized-price bandsClose below $107,000Air pocket toward $93,000–$95,000GlassnodeLiquidity depthU.S. depth thins into up-movesVolatility rises as slippage growsKaikoMacro tapeTariff and inflation headlinesSystematic deleveraging, ETF outflow clustersFarsideStablecoin plumbing provides a medium-term tailwind for demand absorption during risk-on phases as settlement balances expand, according to projections that see a $1 trillion to $2 trillion base by 2027.

That theme does not decide next week’s path, although it raises the ceiling for how much ETF and direct demand the market can process during future inflow cycles.

The near-term map, therefore, hinges on two gates and one data series.

A hold above $107,000 keeps the range intact, closes above $117,000 with multi-day ETF inflows re-engage the high, and skew plus DVOL define whether stress morphs into a disorderly slide or a routine reset.

Bitcoin Market Data

At the time of press 5:24 pm UTC on Oct. 15, 2025, Bitcoin is ranked #1 by market cap and the price is down 1.81% over the past 24 hours. Bitcoin has a market capitalization of $2.21 trillion with a 24-hour trading volume of $80.46 billion. Learn more about Bitcoin ›

Crypto Market Summary

At the time of press 5:24 pm UTC on Oct. 15, 2025, the total crypto market is valued at at $3.76 trillion with a 24-hour volume of $222.47 billion. Bitcoin dominance is currently at 58.78%. Learn more about the crypto market ›

Mentioned in this article

Latest Bitcoin Stories Press Releases

Ethereum exchange-traded funds (ETFs) faced a sharp reversal on October 13, recording $428.5 million in net outflows, marking the largest single-day retreat since early September. The sudden capital flight has fueled concerns among investors, but analysts argue that this movement reflects short-term macro-driven caution rather than a structural retreat from Ether (ETH) exposure.

In brief
Zhimin Qian defrauded over 128,000 individuals in a fake investment scheme, stealing $6.8 billion and converting it into Bitcoin.
The UK government seized it from 2018 to 2021, after Qian entered the U.K., and is now debating what to do with the funds.
Prosecutors are considering creating a victim compensation scheme, but one expert warns the U.K. government could still keep the seized BTC.
Prosecutors in the U.K. are planning to repay the victims of a nearly $7 billion Bitcoin fraud in China, despite the U.K. government previously signaling its intention to keep most of the funds.

In September, Chinese national Zhimin Qian pleaded guilty to acquiring and possessing criminal property in the form of Bitcoin valued at $6.8 billion. Qian gained the funds through a fraudulent investment scheme that duped upwards of 128,000 individuals in China between 2014 and 2017. Over the years, Qian converted the illegally obtained funds into Bitcoin and attempted to launder the assets. The Metropolitan Police seized the stolen Bitcoin from 2018 to 2021 after Qian fled China and entered the U.K. with false documentation.

Over the last few weeks, questions have abounded over what the U.K. government plans to do with the nearly $7 billion Bitcoin stash. Germany, for instance, sold billions of dollars' worth of Bitcoin last year that had all been seized from various investigations. By contrast, the U.S. government still holds $37 billion worth of seized assets, per Arkham Intelligence, and lawmakers in the country aim to use them to create a digital asset stockpile.

After initially signaling an intention to keep most of the Bitcoin, prosecutors in the case today said during a court hearing that they are planning a victim compensation plan, according to Bloomberg. Several investors have reportedly applied to the court to reclaim their money.

Some investors “have suffered huge personal loss in the form of lives, marriages, fracturing families and businesses,” William Glover, a lawyer for a group of victims, told Bloomberg.

Prosecutors have yet to provide specific details on how the compensation scheme will work. “Given the unprecedented scale of the seizure and public debate about any potential surplus, our position is clear: victims’ restitution must come first,” Jackson Ng, a lawyer representing a set of investors, told Bloomberg.

Nick Harris, CEO of U.K.-based crypto asset recovery firm CryptoCare, warns, however, that victims could be disappointed by the final result.

“The U.K. could still retain the seized Bitcoin under the Proceeds of Crime Act rather than redistributing it directly,” Harris told Decrypt. 

“Typically, confiscated assets are channeled into the Treasury or law enforcement budgets through the Asset Recovery Incentivization Scheme, a system mirrored in the U.S. and Australia, where victim restitution isn’t always prioritized,” he said.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Manhattan court has opened the trial of two brothers accused of a $25M ethereum exploit; prosecutors have alleged fraud completed in 12 seconds, while the defense has argued the exploit was legal. The defense has sought to exclude Google search-history evidence; each faces up to 20 years per count.

Journalist

Posted: October 16, 2025

Key Takeaways 
Why are investors closely watching Forward Industries’ SOL transfer?
Because its $192M deposit to Coinbase Prime could signal institutional portfolio restructuring or deeper market positioning.

What does the positive funding rate reveal about Solana’s market sentiment?
It shows renewed trader confidence, with more investors opening long positions after recent volatility.

Forward Industries recently transferred 993,058 Solana [SOL], worth approximately $192 million, to Coinbase Prime, along with an additional $50 million sent to Galaxy Digital, sparking market-wide speculation.

The firm, previously known for its $1.38 billion Solana purchase at $232 per token, may be adjusting its exposure following an extended period of market consolidation.

Solana Strategies doubles down while others hedge positions
In contrast, Solana Strategies (NASDAQ: STKE) expanded its holdings by acquiring 88,433 SOL at an average of $193.93, including 79,000 locked tokens from the Solana Foundation. 

The purchase increased its treasury to 523,433 SOL, reinforcing long-term confidence despite price swings. 

This opposing institutional behavior — one reducing exposure and another accumulating — mirrors a market split between short-term caution and strategic optimism. 

Such divergence often precedes directional clarity, as large holders position for the next major price cycle.

Solana regains strength from a KEY demand zone
After rebounding from the $176 demand zone, Solana has regained momentum within its ascending channel, trading near $206 at press time. 

The RSI was 49.41, signaling recovering buying strength after briefly dipping into oversold territory. Meanwhile, the 9-day Moving Average (MA) has crossed above the 21-day MA, indicating the early stages of a potential bullish shift.

If Solana sustains this upward trajectory and breaks the $222 resistance, the next upside target could extend toward $262. 

Both indicators highlight strengthening momentum, suggesting that Solana’s short-term trend is gradually tilting in favor of buyers after an intense correction phase.

Source: TradingView

Funding Rates flip positive as confidence quietly returns
Across derivatives markets, Solana’s aggregated Funding Rate stood at +0.005% at the time of writing, showing a gradual revival in trader confidence after recent volatility. 

Positive Funding Rates indicate that more traders are opening long positions, reflecting an improving outlook across perpetual markets. 

This shift often suggests a stronger willingness to pay premiums for upside exposure, typically seen when sentiment begins to recover from bearish extremes. 

The steady return of long-biased positioning, coupled with stable price action above $200, reinforces the view that optimism is returning to Solana’s derivatives market.

Strategic rotation or bullish accumulation?
Forward Industries’ recent transfer likely signals a treasury reshuffle rather than a market exit, while Solana Strategies’ increased holdings reinforce the trend of strong institutional accumulation.

With Funding Rates remaining stable and Solana’s price recovering above $200, market confidence appears to be strengthening.

The combination of consistent on-chain activity, improving technical indicators, and bullish sentiment in derivatives markets suggests that Solana is entering a fresh accumulation phase, led by strategic institutional interest.

TLDR

Table of Contents

TLDRPaxos Acknowledges Technical Error Behind PYUSD MintIndustry Reacts to Unprecedented Stablecoin BlunderStablecoin Oversight in Focus as Paxos Seeks National Charter

Paxos mistakenly minted $300 trillion worth of PYUSD stablecoins on the Ethereum blockchain.
The minting error was identified and corrected within minutes as Paxos burned the entire amount.
Paxos confirmed the incident was due to an internal technical issue and not a security breach.
Industry leaders expressed concern over the error and questioned Paxos’ operational controls.
Paxos is currently seeking a national trust charter under the GENIUS Act while facing increased scrutiny.

A Paxos transaction stunned the crypto world after $300 trillion worth of PYUSD was accidentally minted on Ethereum. The massive mint happened within seconds, yet the entire amount was burned just over 20 minutes later. Paxos blamed the issue on an internal error and confirmed that no user funds were at risk.

Paxos Acknowledges Technical Error Behind PYUSD Mint
Paxos confirmed the unexpected mint was an internal transfer error and assured there was no breach or hack involved. “This was an internal technical error,” Paxos stated on X, addressing confusion over the sudden $300 trillion mint. The company acted quickly and burned the tokens by sending them to a non-retrievable Ethereum address.

At 3:12 PM EST, Paxos mistakenly minted excess PYUSD as part of an internal transfer. Paxos immediately identified the error and burned the excess PYUSD.

This was an internal technical error. There is no security breach. Customer funds are safe. We have addressed the root…

— Paxos (@Paxos) October 15, 2025

The on-chain transaction occurred at 3:12 PM EST, with all tokens destroyed shortly thereafter. Paxos said it identified the error immediately and addressed the underlying cause. There was no indication of system compromise or foul play from external parties.

Prior to the mint, Paxos executed two separate transactions for 300 million PYUSD each, which reduced and moved supply. This gave observers reason to suspect the trillions were created by mistake, not malicious activity. The mint cost only $2.66 in Ethereum gas fees, despite its astronomical figure.

Industry Reacts to Unprecedented Stablecoin Blunder
The crypto industry responded swiftly on social media with both alarm and sarcasm over the incident. Some joked that Paxos had printed enough stablecoins to pay off the entire U.S. national debt. Others mocked the scale by referencing crypto memes about “trillions” in token supply.

Concerns soon replaced humor as many questioned Paxos’ internal controls and testing procedures. Gnosis founder Martin Köppelmann remarked, “Certainly not a good look to get the decimals wrong.” Industry leaders stressed the importance of accuracy when handling programmable money at scale.

Amanda Fischer from Better Markets raised regulatory questions over the error’s implications. “If someone with a fat finger error can increase the total supply… then perhaps regulators should proceed cautiously,” she said. The comment highlighted rising scrutiny over stablecoin operators seeking federal charters.

Stablecoin Oversight in Focus as Paxos Seeks National Charter
Paxos is currently pursuing a national trust charter from the Office of the Comptroller of the Currency under the GENIUS Act. The approval would grant Paxos the ability to operate across the U.S. as a federally chartered institution. This minting error could now prompt deeper review of Paxos’ technical safeguards.

PayPal has not issued a formal comment, though it partnered with Paxos to launch PYUSD earlier this year. Paxos pointed reporters to its public statement on X, confirming it had no further comment. The stablecoin issuer reiterated that customer assets remain unaffected by the incident.

As one of the largest stablecoin issuers, Paxos faces increasing regulatory and public scrutiny. This mishap has added pressure on Paxos to reinforce its operational controls. Meanwhile, industry watchers await further actions by regulators reviewing the firm’s charter request.

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In PetMed (PETS) To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in PetMed and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648.

Click here to participate in the action.

NEW YORK, Oct. 15, 2025 (GLOBE NEWSWIRE) --

What’s Happening:

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against PetMed Express, Inc. (“PetMed” or the “Company”) (NASDAQ: PETS) on behalf of PetMed stockholders. Our investigation concerns whether PetMed has violated the federal securities laws and/or engaged in other unlawful business practices. Investigation Details:

On June 10, 2025, PetMed issued a press release "announc[ing] it is delaying the release of the Company's fourth quarter and fiscal year 2025 earnings release and subsequent conference call, which had been scheduled for June 10, 2025, because the Company requires additional time to complete the year-end audit process." On this news, PetMed's stock price fell $0.47 per share, or 11.22%, to close at $3.72 per share on June 11, 2025. Next Steps:

If you purchased or otherwise acquired PetMed shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form.  There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
[email protected]
www.bespc.com

Tribe Property Technologies Inc. (TSXV:TRBE:CA) Shareholder/Analyst Call October 15, 2025 4:00 PM EDT

Company Participants

Michael Willis
Danielle Fiddick - Director of Strategic Initiatives & Corporate Secretary
Jenn Laidlaw - Vice President of Marketing & Communications

Presentation

Michael Willis

Good afternoon, everyone. Thank you for joining us today for the Annual General Meeting of Shareholders of Tribe Property Technologies Inc. My name is Mike Willis. I'm the Chair of the Board of the Corporation, and it's my pleasure and responsibility to chair this meeting.

Attending the meeting with me today are Joseph Nakhla, Director of the Corporation and our Chief Executive Officer; and Scott Ullrich, our Chief Financial Officer. Certain of our other directors, officers and employees are also attending as invited guests to the meeting. I would like to thank and acknowledge their contribution to the corporation over the past year.

Before proceeding with the meeting, I note that the corporation is holding this annual meeting in a virtual manner via telephone conference call. Voting instructions and audio access information were provided in the corporation's Notice of meeting and Management Information Circular dated September 5, 2025, and on our website.

I invite Danielle Fiddick, our Corporate Secretary, to provide further instructions regarding the teleconference meeting procedures.

Danielle Fiddick
Director of Strategic Initiatives & Corporate Secretary

Great. As this meeting is being held virtually by a teleconference, we note the following procedures for the orderly conduct of the meeting. Only registered shareholders and duly appointed proxy holders who have properly logged into the teleconference will have the opportunity to submit questions during the meeting. Please e-mail your questions to [email protected].

Please include the motion the question relates to, the question, your name and the entity you represent as applicable. Only questions sent by e-mail will be addressed. Please ensure questions are sent prior to voting

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A screen displays the company logo for CoreWeave, Inc., Nvidia-backed cloud services provider, during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab

Oct 15 (Reuters) - Core Scientific's

(CORZ.O), opens new tab board urged its shareholders on Wednesday to vote for the company's proposed sale to CoreWeave

(CRWV.O), opens new tab.

CoreWeave announced its intention to buy Core Scientific in an all-stock deal valued at about $9 billion in July. The proposed deal faces opposition from the crypto miner's biggest shareholder, Two Seas Capital.

Sign up here.

Core Scientific's board has "unanimously determined" that the deal represents the best alternative for all its stockholders, it said in an investor presentation on Wednesday.

CoreWeave provides access to data centers and Nvidia-powered AI chips to companies seeking to train large language models.

Reporting by Juby Babu in Mexico City; Editing by Pooja Desai

Our Standards: The Thomson Reuters Trust Principles., opens new tab

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LADERA RANCH, Calif.--(BUSINESS WIRE)--SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced that it will release its financial results for the third quarter ended September 30, 2025, after market close on November 5, 2025.

Management will host a conference call and webcast to discuss the results on November 6, 2025, at 1:00 p.m. Eastern Standard Time. During the call, company officers will review operating performance, discuss recent events, and conduct a question-and-answer session. The question-and-answer portion will be limited to registered financial analysts. All other participants will have a listen-only capability.

Webcast Details:

A live webcast of the call will be available on the Investor Relations section of the Company’s website at investors.smartstopselfstorage.com. To access the live webcast, participants are encouraged to visit the site at least 15 minutes before the scheduled start time in order to register, download and install any necessary software. A replay of the webcast will be available on the Company’s website following the live event.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs, and through its indirect subsidiary Argus Professional Storage Management offers third party management services in the U.S. and Canada. As of October 15, 2025, SmartStop has an owned or managed portfolio of over 460 operating properties in 34 states, the District of Columbia, and Canada, comprising over 270,000 units and 35 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties across four provinces in Canada, which total approximately 42,200 units and 4.3 million rentable square feet.

More News From SmartStop Self Storage REIT, Inc.

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October 15, 2025 17:15 ET

 | Source:

Annovis Bio Inc.

MALVERN, Pa., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Annovis Bio, Inc. (NYSE: ANVS) (“Annovis” or the “Company”), a late-stage clinical drug platform company pioneering transformative therapies for neurodegenerative diseases such as Alzheimer’s disease (AD) and Parkinson’s disease (PD), today announced the closing of its previously announced registered direct offering for the purchase of an aggregate of 4,000,000 shares of its common stock (or pre-funded warrants in lieu thereof) at a purchase price of $1.50 per share (or pre-funded warrant in lieu thereof).

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

The aggregate gross proceeds to the Company from the offering were approximately $6 million, before deducting the placement agent fees and other offering expenses payable by the Company. The Company currently intends to use the net proceeds from the offering toward working capital and general corporate purposes.

The securities described above were offered and sold by the Company pursuant to a “shelf” registration statement on Form S-3 (Registration No. 333-276814), including a base prospectus, previously filed with the Securities and Exchange Commission (SEC) on February 1, 2024 and declared effective by the SEC on February 12, 2024. The offering was made only by means of a prospectus supplement that forms a part of the registration statement. A prospectus supplement and an accompanying base prospectus relating to the offering were filed with the SEC and are available on the SEC’s website located at http://www.sec.gov. Electronic copies of the prospectus supplement and accompanying base prospectus may also be obtained by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (212) 856-5711 or e-mail at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Annovis
Headquartered in Malvern, Pennsylvania, Annovis is dedicated to addressing neurodegeneration in diseases such as Alzheimer’s disease (AD) and Parkinson’s disease (PD). The Company is committed to developing innovative therapies that improve patient outcomes and quality of life. For more information, visit www.annovisbio.com and follow us on LinkedIn, YouTube, and X.

Forward-Looking Statements
This press release contains forward-looking statements under the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended, including, without limitation, statements regarding the use of proceeds from the offering. Actual results may differ due to various risks and uncertainties, including those outlined in the Company’s SEC filings under “Risk Factors” in its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update forward-looking statements except as required by law.

Contact Information:
Annovis Bio Inc.
101 Lindenwood Drive
Suite 225
Malvern, PA 19355
www.annovisbio.com

Investor Contact:
Alexander Morin, Ph.D.
Director, Strategic Communications
Annovis Bio
[email protected]

CONWAY, Ark., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) (“Home” or the “Company”), parent company of Centennial Bank, released quarterly earnings today.

 Quarterly Highlights
 MetricQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Net income$123.6 million$118.4 million$115.2 million$100.6 million$100.0 millionNet income, as adjusted (non-GAAP)(1)$119.7 million$114.6 million$111.9 million$99.8 million$99.0 millionTotal revenue (net)$277.7 million$271.0 million$260.1 million$258.4 million$258.0 millionIncome before income taxes$159.3 million$152.0 million$147.2 million$129.5 million$129.1 millionPre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)$162.8 million$155.0 million$147.2 million$146.2 million$148.0 millionPPNR, as adjusted (non-GAAP)(1)$157.7 million$150.4 million$142.8 million$145.2 million$146.6 millionPre-tax net income to total revenue (net)57.38%56.08%56.58%50.11%50.03%Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)55.53%54.39%54.91%49.74%49.49%P5NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)58.64%57.19%56.58%56.57%57.35%P5NR, as adjusted (non-GAAP)(1)56.80%55.49%54.91%56.20%56.81%ROA2.17%2.08%2.07%1.77%1.74%ROA, as adjusted (non-GAAP)(1)2.10%2.02%2.01%1.76%1.72%NIM4.56%4.44%4.44%4.39%4.28%Purchase accounting accretion$1.3 million$1.2 million$1.4 million$1.6 million$1.9 millionROE11.91%11.77%11.75%10.13%10.23%ROE, as adjusted (non-GAAP)(1)11.54%11.39%11.41%10.05%10.12%ROTCE (non-GAAP)(1)18.28%18.26%18.39%15.94%16.26%ROTCE, as adjusted (non-GAAP)(1)17.70%17.68%17.87%15.82%16.09%Diluted earnings per share$0.63$0.60$0.58$0.51$0.50Diluted earnings per share, as adjusted (non-GAAP)(1)$0.61$0.58$0.56$0.50$0.50Non-performing assets to total assets0.56%0.60%0.56%0.63%0.63%Common equity tier 1 capital16.1%15.6%15.4%15.1%14.7%Leverage13.8%13.4%13.3%13.0%12.5%Tier 1 capital16.1%15.6%15.4%15.1%14.7%Total risk-based capital18.9%19.3%19.1%18.7%18.3%Allowance for credit losses to total loans1.87%1.86%1.87%1.87%2.11%Book value per share$21.41$20.71$20.40$19.92$19.91Tangible book value per share (non-GAAP)(1)$14.13$13.44$13.15$12.68$12.67Dividends per share$0.20$0.20$0.195$0.195$0.195Shareholder buyback yield(2)0.18%0.49%0.53%0.05%0.56% (1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.
(2) Calculation of this metric is included in the schedules accompanying this release.

“HOMB’s powerful, peer leading margins and efficiencies, coupled with strong revenues, propelled HOMB to another top tier, best in class third quarter performance,” said John Allison, Chairman.

Financial Performance Trends

The chart below illustrates Home BancShares’ consistent improvement in profitability over the past five quarters. Net income reached a record $123.6 million in Q3 2025, while net income, as adjusted (non-GAAP)(1), also set a new high at $119.7 million. This sustained upward trend reflects the Company’s strong operational performance and effective management of one-time expenses.

The chart below demonstrates Home BancShares’ robust operational performance as measured by pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1) over the past five quarters. PPNR is a key indicator of the Company’s earnings power, as it reflects revenue generation and expense management before the impact of credit loss provisions and taxes.

The chart below highlights Home BancShares’ strong and consistent return on average assets (ROA) over the past five quarters. ROA, a key measure of how efficiently the Company utilizes its assets to generate net income, has demonstrated a steady upward trend, reaching 2.17% in Q3 2025. This improvement reflects the Company’s disciplined approach to asset management, prudent lending practices, and ongoing focus on operational efficiency.

The chart below underscores Home BancShares’ strong and consistent performance in managing operating expenses, as reflected in its efficiency ratio over the past five quarters. The efficiency ratio is a key metric that measures how effectively the Company converts its revenue into net income by comparing non-interest expenses to total revenue. A lower efficiency ratio indicates greater operational efficiency and cost discipline, which are essential for sustaining profitability and enhancing shareholder value.

The tables below present additional key financial metrics over the past five quarters, including net interest margin (NIM), yield on interest-earning assets, rate on interest-bearing liabilities, and net interest spread. These metrics are fundamental indicators of the Company’s profitability and operational efficiency.

Operating Highlights

Net income for the three-month period ended September 30, 2025 was $123.6 million, or $0.63 diluted earnings per share, both of which were records for the Company. When adjusting for non-fundamental items, net income and diluted earnings per share on an as-adjusted basis (non-GAAP), were $119.7 million(1) and $0.61 per share(1), respectively, for the three months ended September 30, 2025.

The Company recorded $6.7 million in provision for credit losses on loans during the three-month period ended September 30, 2025. In addition, the Company recorded a $1.0 million recovery of credit losses on unfunded commitments. The Company also recorded a $2.2 million recovery of credit losses on investment securities. As a result, total credit loss expense for the three-month period ended September 30, 2025 was $3.5 million.

Our net interest margin was 4.56% and 4.44% for the three-month periods ended September 30, 2025 and June 30, 2025, respectively. The yield on loans was 7.39% and 7.36% for the three months ended September 30, 2025 and June 30, 2025, respectively, as average loans increased from $15.06 billion to $15.22 billion. Additionally, the rate on interest bearing deposits decreased to 2.62% as of September 30, 2025, from 2.64% as of June 30, 2025, while average interest-bearing deposits decreased from $13.43 billion to $13.32 billion.

During the third quarter of 2025, there was $1.5 million of event interest income compared to $516,000 of event interest income for the second quarter of 2025. Purchase accounting accretion on acquired loans was $1.3 million and $1.2 million for the three-month periods ended September 30, 2025 and June 30, 2025, respectively, and average purchase accounting loan discounts were $15.0 million and $16.2 million for the three-month periods ended September 30, 2025 and June 30, 2025, respectively.

Net interest income on a fully taxable equivalent basis was $229.1 million for the three-month period ended September 30, 2025, and $222.5 million for the three-month period ended June 30, 2025. This increase in net interest income for the three-month period ended September 30, 2025, was the result of a $4.8 million increase in interest income, and a $1.8 million decrease in interest expense. The $4.8 million increase in interest income was primarily the result of a $7.5 million increase in loan income. This was partially offset by a $2.7 million decrease in income from deposits with other banks. The $1.8 million decrease in interest expense was due to a $1.1 million decrease in interest expense on subordinated debt and a $527,000 decrease in interest expense on deposits. The $1.1 million decrease in interest expense on subordinated debt was a result of the Company repurchasing $20.0 million in par value of its $300.0 million Fixed-to-Floating Rate Subordinated Notes due 2032.

The Company reported $51.5 million of non-interest income for the third quarter of 2025. The most important components of non-interest income were $14.0 million from other income, $12.1 million from other service charges and fees, $10.5 million from service charges on deposit accounts, $4.7 million in mortgage lending income, $4.6 million from trust fees, $2.7 million from dividends from FHLB, FRB, FNBB and other, $1.4 million from the increase in cash value of life insurance and $1.0 million from the fair value adjustment for marketable securities. Included within other income were $2.0 million income from recoveries on historic losses, $1.9 million income from the gain on the retirement of subordinated debt, $1.8 million income from a recovery on a lawsuit and $187,000 in bank owned life insurance death benefit income.

Non-interest expense for the third quarter of 2025 was $114.8 million. The most important components of non-interest expense were $63.8 million salaries and employee benefits expense, $27.3 million in other operating expense, $14.8 million in occupancy and equipment expenses and $8.9 million in data processing expenses. For the third quarter of 2025, our efficiency ratio was 40.21%, and our efficiency ratio, as adjusted (non-GAAP), was 40.95%(1).

Financial Condition

Total loans receivable were $15.29 billion at September 30, 2025, compared to $15.18 billion at June 30, 2025. Total loans receivable of $15.29 billion were a record for the Company. Total deposits were $17.33 billion at September 30, 2025, compared to $17.49 billion at June 30, 2025. Total assets were $22.71 billion at September 30, 2025, compared to $22.91 billion at June 30, 2025.

During the third quarter of 2025, the Company had a $105.3 million increase in loans. Our community banking footprint experienced $164.8 million in organic loan growth during the quarter ended September 30, 2025, and Centennial CFG experienced $59.4 million of organic loan decline and had loans of $1.78 billion at September 30, 2025.

Non-performing loans to total loans were 0.56% and 0.63% at September 30, 2025 and June 30, 2025, respectively. Non-performing assets to total assets were 0.56% and 0.60% at September 30, 2025 and June 30, 2025, respectively. Net loans charged-off were $2.9 million and $1.1 million for the three months ended September 30, 2025 and June 30, 2025, respectively. The charge-off detail by region for the quarters ended September 30, 2025 and June 30, 2025 can be seen below.

 For the Three Months Ended September 30, 2025(in thousands) Texas Arkansas Centennial
CFG Shore
Premier
Finance Florida Alabama TotalCharge-offs $2,496  $605  $— $735  $807  $8  $4,651 Recoveries  (1,451)  (225)  —  (5)  (47)  (3)  (1,731)Net charge-offs (recoveries) $1,045  $380  $— $730  $760  $5  $2,920  For the Three Months Ended June 30, 2025(in thousands) Texas Arkansas Centennial
CFG Shore
Premier
Finance Florida Alabama TotalCharge-offs $2,588  $462  $181 $582  $245  $13  $4,071 Recoveries  (2,172)  (223)  —  (22)  (577)  (2)  (2,996)Net (recoveries) charge-offs $416  $239  $181 $560  $(332) $11  $1,075 
At September 30, 2025, non-performing loans were $85.2 million, and non-performing assets were $126.5 million. At June 30, 2025, non-performing loans were $96.3 million, and non-performing assets were $137.8 million.

The table below shows the non-performing loans and non-performing assets by region as of September 30, 2025:

(in thousands) Texas Arkansas Centennial
CFG Shore
Premier
Finance Florida Alabama TotalNon-accrual loans 25,701 19,102 787 10,472 24,867 158 81,087Loans 90+ days past due 3,167 704 — — 254 — 4,125Total non-performing loans 28,868 19,806 787 10,472 25,121 158 85,212               Foreclosed assets held for sale 16,711 972 22,812 — 768 — 41,263Total other non-performing assets 16,711 972 22,812 — 768 — 41,263Total non-performing assets 45,579 20,778 23,599 10,472 25,889 158 126,475
The table below shows the non-performing loans and non-performing assets by region as June 30, 2025:

(in thousands) Texas Arkansas Centennial
CFG Shore
Premier
Finance Florida Alabama TotalNon-accrual loans 22,487 16,276 787 11,716 37,833 162 89,261Loans 90+ days past due 3,557 2,341 — — 1,133 — 7,031Total non-performing loans 26,044 18,617 787 11,716 38,966 162 96,292               Foreclosed assets held for sale 17,259 863 22,842 — 565 — 41,529Total other non-performing assets 17,259 863 22,842 — 565 — 41,529Total non-performing assets 43,303 19,480 23,629 11,716 39,531 162 137,821
The Company’s allowance for credit losses on loans was $285.6 million at September 30, 2025, or 1.87% of total loans, compared to the allowance for credit losses on loans of $281.9 million, or 1.86% of total loans, at June 30, 2025. As of September 30, 2025 and June 30, 2025, the Company’s allowance for credit losses on loans was 335.22% and 292.72% of its total non-performing loans, respectively.

During the third quarter of 2025, the Company completed the payoff of its $140.0 million 5.50% Fixed-to-Floating Rate Subordinated Notes due 2030. Each 2030 Note was redeemed at the redemption price of 100% of its principal amount, plus accrued and unpaid interest. In addition, the Company also repurchased $20.0 million of its $300.0 million Fixed-to-Floating Rate Subordinated Notes due 2032. The payoff and redemption activity had a negative impact to the Company’s total risk-based capital ratio of 87 basis points, including 76 basis points from the payoff of the 2030 Notes and 11 basis points from the partial redemption of the 2032 Notes.

Shareholders’ equity was $4.21 billion at September 30, 2025, which increased approximately $129.6 million from June 30, 2025. The net increase in shareholders’ equity is primarily associated with the $84.2 million increase in retained earnings and the $52.8 million decrease in accumulated other comprehensive loss. This was partially offset by the $9.9 million in stock repurchases for the quarter. Book value per common share was $21.41 at September 30, 2025, compared to $20.71 at June 30, 2025. Tangible book value per common share (non-GAAP) was $14.13(1) at September 30, 2025, compared to $13.44(1) at June 30, 2025. Book value per common share, as of September 30, 2025, was a record for the Company.

Stock Repurchases and Dividends

During the three-month period ended September 30, 2025, the Company repurchased 350,000 shares of common stock, which equated to a shareholder buyback yield of 0.18%(2). In comparison, during the three-month period ended June 30, 2025, the Company repurchased 1.0 million shares of common stock, which equated to a shareholder buyback yield of 0.49%(2). The Company defines shareholder buyback yield as the percentage of the Company’s market capitalization spent on share repurchases. It reflects how much the Company is returning to the shareholders by reducing the number of outstanding shares, and it is calculated by dividing the Company’s total share repurchase cost for the period by the Company’s total market capitalization at the beginning of the period.

In addition, during the quarter ended September 30, 2025, the Company paid a dividend of $0.20 per share. This cash dividend is consistent with the dividend paid during the second quarter of 2025.

Branches

The Company currently has 75 branches in Arkansas, 78 branches in Florida, 59 branches in Texas, 5 branches in Alabama and one branch in New York City. The Company opened a new branch in San Antonio, Texas during the third quarter of 2025.

Conference Call

Management will conduct a conference call to review this information at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, October 16, 2025. We strongly encourage all participants to pre-register for the conference call webcast or the live call using one of the following links. First, participants can pre-register for the conference call webcast using the following link: https://events.q4inc.com/attendee/934053232. Participants who pre-register will be given a unique webcast link to gain immediate access to the conference call webcast. Second, participants can pre-register for the live call using the following link: https://www.netroadshow.com/events/login/LE9zwo4C7j7DOGxiZMbL6kCGKNc4mh7WFOS. Participants who pre-register will be given the phone number and unique access codes to gain immediate access to the live call. Participants may pre-register now, or at any time prior to the call, and will immediately receive simple instructions via email. The Home BancShares conference call will also be scheduled as an event in your Outlook calendar.

Those without internet access or unable to pre-register may dial in and listen to the live call by calling 1-833-470-1428, Passcode: 549176. A replay of the call will be available by calling 1-866-813-9403, Passcode: 541815, which will be available until October 23, 2025, at 11:59 p.m. CT. Internet access to the call will be available live or in recorded version on the Company's website at www.homebancshares.com.

About Home BancShares

Home BancShares, Inc. is a bank holding company headquartered in Conway, Arkansas. Its 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 branch locations in Arkansas, Florida, Texas, South Alabama and New York City. The Company’s common stock is traded through the New York Stock Exchange under the symbol “HOMB.” The Company was founded in 1998. Visit www.homebancshares.com or www.my100bank.com for more information.

Non-GAAP Financial Measures

This press release contains financial information determined by methods other than in accordance with generally accepted accounting principles (GAAP). The Company’s management uses these non-GAAP financial measures--including net income (earnings), as adjusted; pre-tax, pre-provision, net income (PPNR); PPNR, as adjusted; pre-tax net income, as adjusted, to total revenue (net); pre-tax, pre-provision, profit percentage; pre-tax, pre-provision, profit percentage, as adjusted; diluted earnings per common share, as adjusted; return on average assets, as adjusted; return on average assets excluding intangible amortization; return on average assets, as adjusted, excluding intangible amortization; return on average common equity, as adjusted; return on average tangible common equity; return on average tangible common equity, as adjusted; return on average tangible common equity excluding intangible amortization; return on average tangible common equity, as adjusted, excluding intangible amortization; efficiency ratio, as adjusted; tangible book value per common share and tangible common equity to tangible assets--to provide meaningful supplemental information regarding our performance. These measures typically adjust GAAP performance measures to include the tax benefit associated with revenue items that are tax-exempt, as well as adjust income available to common shareholders for certain significant items or transactions that management believes are not indicative of the Company’s primary business operating results. Since the presentation of these GAAP performance measures and their impact differ between companies, management believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company’s business. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables of this release.

(1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.
(2) Calculation of this metric is included in the schedules accompanying this release.

General

This release contains forward-looking statements regarding the Company’s plans, expectations, goals and outlook for the future, including future financial results. 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 are not guarantees of future events, performance or results. When we use words or phrases like “may,” “plan,” “propose,” “contemplate,” “anticipate,” “believe,” “intend,” “continue,” “expect,” “project,” “predict,” “estimate,” “could,” “should,” “would” and similar expressions, you should consider them as identifying forward-looking statements, although we may use other phrasing. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risks and uncertainties. Various factors could cause actual results to differ materially from those contemplated by the forward-looking statements. These factors include, but are not limited to, the following: economic conditions, credit quality, interest rates, loan demand, real estate values and unemployment, including any future impacts from inflation or changes in tariffs or trade policies; the ability to identify, complete and successfully integrate new acquisitions; the risk that expected cost savings and other benefits from acquisitions may not be fully realized or may take longer to realize than expected; diversion of management time on acquisition-related issues; the availability of and access to capital and liquidity on terms acceptable to us; legislative and regulatory changes and risks and expenses associated with current and future legislation and regulations; technological changes and cybersecurity risks and incidents; the effects of changes in accounting policies and practices; changes in governmental monetary and fiscal policies; political instability, military conflicts and other major domestic or international events; the impacts of recent or future adverse weather events, including hurricanes, and other natural disasters; disruptions, uncertainties and related effects on credit quality, liquidity and other aspects of our business and operations that may result from any future public health crises; competition from other financial institutions; potential claims, expenses and other adverse effects related to current or future litigation, regulatory examinations or other government actions; potential increases in deposit insurance assessments, increased regulatory scrutiny or market disruptions resulting from financial challenges in the banking industry; changes in the assumptions used in making the forward-looking statements; and other factors described in reports we file with the Securities and Exchange Commission (the “SEC”), including those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 27, 2025.

FOR MORE INFORMATION CONTACT:
Donna Townsell
Director of Investor Relations
Home BancShares, Inc.
(501) 328-4625

 Home BancShares, Inc.Consolidated End of Period Balance Sheets(Unaudited)           (In thousands) Sep. 30,
2025 Jun. 30,
2025 Mar. 31,
2025 Dec. 31,
2024 Sep. 30,
2024ASSETS                     Cash and due from banks $284,750  $291,344  $319,747  $281,063  $265,408 Interest-bearing deposits with other banks  516,170   809,729   975,983   629,284   752,269 Cash and cash equivalents  800,920   1,101,073   1,295,730   910,347   1,017,677 Federal funds sold  3,625   2,600   6,275   3,725   6,425 Investment securities - available-for-sale, net of allowance for credit losses  2,924,496   2,899,968   3,003,320   3,072,639   3,270,620 Investment securities - held-to-maturity, net of allowance for credit losses  1,264,200   1,265,292   1,269,896   1,275,204   1,277,090 Total investment securities  4,188,696   4,165,260   4,273,216   4,347,843   4,547,710 Loans receivable  15,285,972   15,180,624   14,952,116   14,764,500   14,823,979 Allowance for credit losses  (285,649)  (281,869)  (279,944)  (275,880)  (312,574)Loans receivable, net  15,000,323   14,898,755   14,672,172   14,488,620   14,511,405 Bank premises and equipment, net  374,515   379,729   384,843   386,322   388,776 Foreclosed assets held for sale  41,263   41,529   39,680   43,407   43,040 Cash value of life insurance  219,075   218,113   221,621   219,786   219,353 Accrued interest receivable  110,702   107,732   115,983   120,129   118,871 Deferred tax asset, net  155,963   174,323   170,120   186,697   176,629 Goodwill  1,398,253   1,398,253   1,398,253   1,398,253   1,398,253 Core deposit intangible  34,231   36,255   38,280   40,327   42,395 Other assets  380,236   383,400   376,030   345,292   352,583 Total assets $22,707,802  $22,907,022  $22,992,203  $22,490,748  $22,823,117            LIABILITIES AND SHAREHOLDERS' EQUITY          Liabilities          Deposits:          Demand and non-interest-bearing $3,880,101  $4,024,574  $4,079,289  $4,006,115  $3,937,168 Savings and interest-bearing transaction accounts  11,500,921   11,571,949   11,586,106   11,347,850   10,966,426 Time deposits  1,946,674   1,891,909   1,876,096   1,792,332   1,802,116 Total deposits  17,327,696   17,488,432   17,541,491   17,146,297   16,705,710 Securities sold under agreements to repurchase  145,998   140,813   161,401   162,350   179,416 FHLB and other borrowed funds  550,500   550,500   600,500   600,750   1,300,750 Accrued interest payable and other liabilities  189,551   203,004   207,154   181,080   238,058 Subordinated debentures  279,093   438,957   439,102   439,246   439,394 Total liabilities  18,492,838   18,821,706   18,949,648   18,529,723   18,863,328            Shareholders' equity          Common stock  1,969   1,972   1,982   1,989   1,989 Capital surplus  2,214,211   2,221,576   2,246,312   2,272,794   2,272,100 Retained earnings  2,181,911   2,097,712   2,018,801   1,942,350   1,880,562 Accumulated other comprehensive loss  (183,127)  (235,944)  (224,540)  (256,108)  (194,862)Total shareholders' equity  4,214,964   4,085,316   4,042,555   3,961,025   3,959,789 Total liabilities and shareholders' equity $22,707,802  $22,907,022  $22,992,203  $22,490,748  $22,823,117              Home BancShares, Inc.  Consolidated Statements of Income  (Unaudited)                   Quarter Ended  Nine Months Ended(In thousands) Sep. 30,
2025 Jun. 30,
2025 Mar. 31,
2025 Dec. 31,
2024 Sep. 30,
2024 Sep. 30,
2025 Sep. 30,
2024Interest income:              Loans $283,165  $276,041  $270,784  $278,409  $281,977  $829,990  $821,595 Investment securities              Taxable  26,326   26,444   27,433   28,943   31,006   80,203   96,822 Tax-exempt  7,743   7,626   7,650   7,704   7,704   23,019   23,276 Deposits - other banks  6,242   8,951   6,620   7,585   12,096   21,813   35,188 Federal funds sold  56   53   55   73   62   164   182 Total interest income  323,532   319,115   312,542   322,714   332,845   955,189   977,063 Interest expense:              Interest on deposits  87,962   88,489   86,786   90,564   97,785   263,237   286,074 Federal funds purchased  —   —   —   —   1   —   1 FHLB and other borrowed funds  5,378   5,539   5,902   9,541   14,383   16,819   42,914 Securities sold under agreements to repurchase  1,019   1,012   1,074   1,346   1,335   3,105   4,102 Subordinated debentures  3,007   4,123   4,124   4,121   4,121   11,254   12,340 Total interest expense  97,366   99,163   97,886   105,572   117,625   294,415   345,431 Net interest income  226,166   219,952   214,656   217,142   215,220   660,774   631,632 Provision for credit losses on loans  6,700   3,000   —   16,700   18,200   9,700   31,700 (Recovery of) provision for credit losses on unfunded commitments  (1,000)  —   —   —   1,000   (1,000)  — Recovery of credit losses on investment securities  (2,194)  —   —   —   (330)  (2,194)  (330)Total credit loss expense  3,506   3,000   —   16,700   18,870   6,506   31,370 Net interest income after credit loss expense  222,660   216,952   214,656   200,442   196,350   654,268   600,262 Non-interest income:              Service charges on deposit accounts  10,486   9,552   9,650   9,935   9,888   29,688   29,288 Other service charges and fees  12,130   12,643   10,689   11,651   10,490   35,462   31,358 Trust fees  4,600   5,234   4,760   4,526   4,403   14,594   14,191 Mortgage lending income  4,691   4,780   3,599   3,518   4,437   13,070   12,271 Insurance commissions  574   589   535   483   595   1,698   1,668 Increase in cash value of life insurance  1,404   1,415   1,842   1,215   1,161   4,661   3,635 Dividends from FHLB, FRB, FNBB & other  2,658   2,657   2,718   2,820   2,637   8,033   8,642 Gain on SBA loans  46   —   288   218   145   334   399 (Loss) gain on branches, equipment and other assets, net  (66)  972   (163)  26   32   743   2,076 (Loss) gain on OREO, net  (1)  13   (376)  (2,423)  85   (364)  151 Fair value adjustment for marketable securities  1,020   (238)  442   850   1,392   1,224   2,121 Other income  13,963   13,462   11,442   8,403   7,514   38,867   21,552 Total non-interest income  51,505   51,079   45,426   41,222   42,779   148,010   127,352 Non-interest expense:              Salaries and employee benefits  63,804   64,318   61,855   60,824   58,861   189,977   180,198 Occupancy and equipment  14,828   14,023   14,425   14,526   14,546   43,276   43,505 Data processing expense  8,871   8,364   8,558   9,324   9,088   25,793   27,170 Other operating expenses  27,335   29,335   28,090   27,536   27,550   84,760   83,853 Total non-interest expense  114,838   116,040   112,928   112,210   110,045   343,806   334,726 Income before income taxes  159,327   151,991   147,154   129,454   129,084   458,472   392,888 Income tax expense  35,723   33,588   31,945   28,890   29,046   101,256   91,211 Net income $123,604  $118,403  $115,209  $100,564  $100,038  $357,216  $301,677                 Home BancShares, Inc.Selected Financial Information(Unaudited)                 Quarter Ended Nine Months Ended(Dollars and shares in thousands, except per share data) Sep. 30,
2025 Jun. 30,
2025 Mar. 31,
2025 Dec. 31,
2024 Sep. 30,
2024 Sep. 30,
2025 Sep. 30,
2024PER SHARE DATA              Diluted earnings per common share $0.63  $0.60  $0.58  $0.51  $0.50  $1.80  $1.51 Diluted earnings per common share, as adjusted (non-GAAP)(1)   0.61   0.58   0.56   0.50   0.50   1.75   1.51 Basic earnings per common share  0.63   0.60   0.58   0.51   0.50   1.81   1.51 Dividends per share - common  0.20   0.20   0.195   0.195   0.195   0.595   0.555 Shareholder buyback yield(2)  0.18%  0.49%  0.53%  0.05%  0.56%  1.19%  1.64%Book value per common share $21.41  $20.71  $20.40  $19.92  $19.91  $21.41  $19.91 Tangible book value per common share (non-GAAP)(1)  14.13   13.44   13.15   12.68   12.67   14.13   12.67                STOCK INFORMATION              Average common shares outstanding  197,078   197,532   198,657   198,863   199,380   197,750   200,300 Average diluted shares outstanding  197,288   197,765   198,852   198,973   199,461   197,952   200,430 End of period common shares outstanding  196,889   197,239   198,206   198,882   198,879   196,889   198,879                ANNUALIZED PERFORMANCE METRICS                             Return on average assets (ROA)  2.17%  2.08%  2.07%  1.77%  1.74%  2.11%  1.77%Return on average assets, as adjusted: (ROA, as adjusted) (non-GAAP)(1)  2.10%  2.02%  2.01%  1.76%  1.72%  2.04%  1.77%Return on average assets excluding intangible amortization (non-GAAP)(1)  2.34%  2.25%  2.24%  1.92%  1.88%  2.28%  1.92%Return on average assets, as adjusted, excluding intangible amortization (non-GAAP)(1)  2.27%  2.18%  2.18%  1.91%  1.86%  2.21%  1.92%Return on average common equity (ROE)  11.91%  11.77%  11.75%  10.13%  10.23%  11.81%  10.53%Return on average common equity, as adjusted: (ROE, as adjusted) (non-GAAP)(1)  11.54%  11.39%  11.41%  10.05%  10.12%  11.45%  10.55%Return on average tangible common equity (ROTCE) (non-GAAP)(1)  18.28%  18.26%  18.39%  15.94%  16.26%  18.31%  16.91%Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) (non-GAAP)(1)  17.70%  17.68%  17.87%  15.82%  16.09%  17.75%  16.94%Return on average tangible common equity excluding intangible amortization (non-GAAP)(1)  18.51%  18.50%  18.64%  16.18%  16.51%  18.55%  17.18%Return on average tangible common equity, as adjusted, excluding intangible amortization (non-GAAP)(1)  17.93%  17.92%  18.12%  16.07%  16.34%  17.98%  17.20%               (1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.(2) Calculation of this metric is included in the schedules accompanying this release.                Home BancShares, Inc.Selected Financial Information (Unaudited)                 Quarter Ended Nine Months Ended(Dollars in thousands) Sep. 30,
2025 Jun. 30,
2025 Mar. 31,
2025 Dec. 31,
2024 Sep. 30,
2024 Sep. 30,
2025 Sep. 30,
2024Efficiency ratio  40.21%  41.68%  42.22%  42.24%  41.42%  41.35%  42.91%Efficiency ratio, as adjusted (non-GAAP)(1)  40.95%  42.01%  42.84%  42.00%  41.66%  41.91%  42.87%Net interest margin - FTE (NIM)  4.56%  4.44%  4.44%  4.39%  4.28%  4.48%  4.23%Fully taxable equivalent adjustment $2,916  $2,526  $2,534  $2,398  $2,616  $7,976  $6,136 Total revenue (net)  277,671   271,031   260,082   258,364   257,999   808,784   758,984 Pre-tax, pre-provision, net income (PPNR) (non-GAAP)(1)  162,833   154,991   147,154   146,154   147,954   464,978   424,258 PPNR, as adjusted (non-GAAP)(1)  157,704   150,404   142,821   145,209   146,562   450,929   422,176 Pre-tax net income to total revenue (net)  57.38%  56.08%  56.58%  50.11%  50.03%  56.69%  51.76%Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)(1)  55.53%  54.39%  54.91%  49.74%  49.49%  54.95%  51.49%P5NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)(1)  58.64%  57.19%  56.58%  56.57%  57.35%  57.49%  55.90%P5NR, as adjusted (non-GAAP)(1)  56.80%  55.49%  54.91%  56.20%  56.81%  55.75%  55.62%Total purchase accounting accretion $1,272  $1,233  $1,378  $1,610  $1,878  $3,883  $6,523 Average purchase accounting loan discounts  15,009   16,219   17,493   19,090   20,832   16,257   22,813                OTHER OPERATING EXPENSES              Advertising $2,149  $2,054  $1,928  $1,941  $1,810  $6,131  $5,156 Amortization of intangibles  2,024   2,025   2,047   2,068   2,095   6,096   6,375 Electronic banking expense  3,357   3,172   3,055   3,307   3,569   9,584   10,137 Directors' fees  405   431   452   356   362   1,288   1,283 Due from bank service charges  404   283   281   271   302   968   860 FDIC and state assessment  3,245   1,636   3,387   3,216   3,360   8,268   12,172 Insurance  1,110   1,049   999   900   926   3,158   2,734 Legal and accounting  1,061   2,360   3,641   2,361   1,902   7,062   6,600 Other professional fees  2,083   2,211   1,947   1,736   2,062   6,241   6,406 Operating supplies  773   711   711   711   673   2,195   1,969 Postage  538   488   503   518   522   1,529   1,542 Telephone  367   419   436   438   455   1,222   1,369 Other expense  9,819   12,496   8,703   9,713   9,512   31,018   27,250 Total other operating expenses $27,335  $29,335  $28,090  $27,536  $27,550  $84,760  $83,853                (1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.                Home BancShares, Inc.Selected Financial Information(Unaudited)           (Dollars in thousands) Sep. 30,
2025 Jun. 30,
2025 Mar. 31,
2025 Dec. 31,
2024 Sep. 30,
2024BALANCE SHEET RATIOS          Total loans to total deposits  88.22%  86.80%  85.24%  86.11%  88.74%Common equity to assets  18.56%  17.83%  17.58%  17.61%  17.35%Tangible common equity to tangible assets (non-GAAP)(1)  13.08%  12.35%  12.09%  11.98%  11.78%        .  LOANS RECEIVABLE          Real estate          Commercial real estate loans          Non-farm/non-residential $5,494,492  $5,553,182  $5,588,681  $5,426,780  $5,496,536 Construction/land development  2,709,197   2,695,561   2,735,760   2,736,214   2,741,419 Agricultural  331,301   315,926   335,437   336,993   335,965 Residential real estate loans          Residential 1-4 family  2,142,375   2,138,990   1,947,872   1,956,489   1,932,352 Multifamily residential  716,595   620,439   576,089   496,484   482,648 Total real estate  11,393,960   11,324,098   11,183,839   10,952,960   10,988,920 Consumer  1,233,523   1,218,834   1,227,745   1,234,361   1,219,197 Commercial and industrial  2,100,268   2,107,326   2,045,036   2,022,775   2,084,667 Agricultural  346,167   323,457   314,323   367,251   352,963 Other  212,054   206,909   181,173   187,153   178,232 Loans receivable $15,285,972  $15,180,624  $14,952,116  $14,764,500  $14,823,979            ALLOWANCE FOR CREDIT LOSSES          Balance, beginning of period $281,869  $279,944  $275,880  $312,574  $295,856 Loans charged off  4,651   4,071   3,458   53,959   2,001 Recoveries of loans previously charged off  1,731   2,996   7,522   565   519 Net loans charged off (recovered)  2,920   1,075   (4,064)  53,394   1,482 Provision for credit losses - loans  6,700   3,000   —   16,700   18,200 Balance, end of period $285,649  $281,869  $279,944  $275,880  $312,574            Net charge-offs (recoveries) to average total loans  0.08%  0.03%  (0.11)%  1.44%  0.04%Allowance for credit losses to total loans  1.87%  1.86%  1.87%  1.87%  2.11%           NON-PERFORMING ASSETS          Non-performing loans          Non-accrual loans $81,087  $89,261  $86,383  $93,853  $95,747 Loans past due 90 days or more  4,125   7,031   3,264   5,034   5,356 Total non-performing loans  85,212   96,292   89,647   98,887   101,103 Other non-performing assets          Foreclosed assets held for sale, net  41,263   41,529   39,680   43,407   43,040 Other non-performing assets  —   —   63   63   63 Total other non-performing assets  41,263   41,529   39,743   43,470   43,103 Total non-performing assets $126,475  $137,821  $129,390  $142,357  $144,206            Allowance for credit losses for loans to non-performing loans  335.22%  292.72%  312.27%  278.99%  309.16%Non-performing loans to total loans  0.56%  0.63%  0.60%  0.67%  0.68%Non-performing assets to total assets  0.56%  0.60%  0.56%  0.63%  0.63%           (1) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.            Home BancShares, Inc.Consolidated Net Interest Margin(Unaudited)               Three Months Ended  September 30, 2025 June 30, 2025(Dollars in thousands) Average
Balance Income/
Expense Yield/
Rate Average
Balance Income/
Expense Yield/
RateASSETS            Earning assets            Interest-bearing balances due from banks $567,617 $6,242 4.36% $813,833 $8,951 4.41%Federal funds sold  5,142  56 4.32%  4,878  53 4.36%Investment securities - taxable  3,039,247  26,326 3.44%  3,095,764  26,444 3.43%Investment securities - non-taxable - FTE  1,115,834  10,201 3.63%  1,113,044  10,033 3.62%Loans receivable - FTE  15,216,448  283,623 7.39%  15,055,414  276,160 7.36%Total interest-earning assets  19,944,288  326,448 6.49%  20,082,933  321,641 6.42%Non-earning assets  2,694,650      2,714,805    Total assets $22,638,938     $22,797,738                 LIABILITIES AND SHAREHOLDERS' EQUITY           Liabilities            Interest-bearing liabilities            Savings and interest-bearing transaction accounts $11,408,316 $70,406 2.45% $11,541,641 $71,042 2.47%Time deposits  1,911,703  17,556 3.64%  1,886,147  17,447 3.71%Total interest-bearing deposits  13,320,019  87,962 2.62%  13,427,788  88,489 2.64%Federal funds purchased  11  — —%  46  — —%Securities sold under agreement to repurchase 145,883  1,019 2.77%  143,752  1,012 2.82%FHLB and other borrowed funds  550,501  5,378 3.88%  566,984  5,539 3.92%Subordinated debentures  338,757  3,007 3.52%  439,027  4,123 3.77%Total interest-bearing liabilities  14,355,171  97,366 2.69%  14,577,597  99,163 2.73%Non-interest bearing liabilities            Non-interest bearing deposits  3,956,826      3,981,901    Other liabilities  211,057      202,085    Total liabilities  18,523,054      18,761,583    Shareholders' equity  4,115,884      4,036,155    Total liabilities and shareholders' equity $22,638,938     $22,797,738    Net interest spread     3.80%     3.69%Net interest income and margin - FTE   $229,082 4.56%   $222,478 4.44%              Home BancShares, Inc.Consolidated Net Interest Margin(Unaudited)               Nine Months Ended  September 30, 2025 September 30, 2024(Dollars in thousands) Average
Balance Income/
Expense Yield/
Rate Average
Balance Income/
Expense Yield/
RateASSETS            Earning assets            Interest-bearing balances due from banks $664,308 $21,813 4.39% $878,368 $35,188 5.35%Federal funds sold  5,037  164 4.35%  4,688  182 5.19%Investment securities - taxable  3,104,254  80,203 3.45%  3,436,874  96,822 3.76%Investment securities - non-taxable - FTE  1,121,481  30,294 3.61%  1,202,003  29,077 3.23%Loans receivable - FTE  15,056,440  830,691 7.38%  14,633,382  821,930 7.50%Total interest-earning assets  19,951,520  963,165 6.45%  20,155,315  983,199 6.52%Non-earning assets  2,710,647      2,662,627    Total assets $22,662,167     $22,817,942                 LIABILITIES AND SHAREHOLDERS' EQUITY          Liabilities            Interest-bearing liabilities            Savings and interest-bearing transaction accounts $11,450,902 $211,120 2.47% $11,084,397 $232,757 2.80%Time deposits  1,866,855  52,117 3.73%  1,729,400  53,317 4.12%Total interest-bearing deposits  13,317,757  263,237 2.64%  12,813,797  286,074 2.98%Federal funds purchased  19  — —%  26  1 5.14%Securities sold under agreement to repurchase 148,462  3,105 2.80%  163,013  4,102 3.36%FHLB and other borrowed funds  572,538  16,819 3.93%  1,301,005  42,914 4.41%Subordinated debentures  405,285  11,254 3.71%  439,613  12,340 3.75%Total interest-bearing liabilities  14,444,061  294,415 2.73%  14,717,454  345,431 3.14%Non-interest bearing liabilities            Non-interest bearing deposits  3,973,135      4,031,447    Other liabilities  201,228      242,422    Total liabilities  18,618,424      18,991,323    Shareholders' equity  4,043,743      3,826,619    Total liabilities and shareholders' equity $22,662,167     $22,817,942    Net interest spread     3.72%     3.38%Net interest income and margin - FTE   $668,750 4.48%   $637,768 4.23%              Home BancShares, Inc.Non-GAAP Reconciliations(Unaudited)                 Quarter Ended Nine Months Ended(Dollars and shares in thousands, except per share data) Sep. 30,
2025 Jun. 30,
2025 Mar. 31,
2025 Dec. 31,
2024 Sep. 30,
2024 Sep. 30,
2025 Sep. 30,
2024EARNINGS, AS ADJUSTED              GAAP net income available to common shareholders (A) $123,604  $118,403  $115,209  $100,564  $100,038  $357,216  $301,677 Pre-tax adjustments              Gain on retirement of subordinated debt  (1,882)  —   —   —   —   (1,882)  — FDIC special assessment  —   (1,516)  —   —   —   (1,516)  2,260 BOLI death benefits  (187)  (1,243)  —   (95)  —   (1,430)  (162)Gain on sale of premises and equipment  —   (983)  —   —   —   (983)  (2,059)Fair value adjustment for marketable securities  (1,020)  238   (442)  (850)  (1,392)  (1,224)  (2,121)Special income from equity investment  —   (3,498)  (3,891)  —   —   (7,389)  — Legal fee reimbursement  —   (885)  —   —   —   (885)  — Legal claims expense  —   3,300   —   —   —   3,300   — Recoveries on historic losses  (2,040)  —   —   —   —   (2,040)  — Total pre-tax adjustments  (5,129)  (4,587)  (4,333)  (945)  (1,392)  (14,049)  (2,082)Tax-effect of adjustments  (1,207)  (817)  (1,059)  (208)  (348)  (3,083)  (480)Deferred tax asset write-down  —   —   —   —   —   —   2,030 Total adjustments after-tax (B)  (3,922)  (3,770)  (3,274)  (737)  (1,044)  (10,966)  428 Earnings, as adjusted (C) $119,682  $114,633  $111,935  $99,827  $98,994  $346,250  $302,105                Average diluted shares outstanding (D)  197,288   197,765   198,852   198,973   199,461   197,952   200,430                GAAP diluted earnings per share: (A/D) $0.63  $0.60  $0.58  $0.51  $0.50  $1.80  $1.51 Adjustments after-tax: (B/D)  (0.02)  (0.02)  (0.02)  (0.01)  0.00   (0.05)  0.00 Diluted earnings per common share, as adjusted: (C/D) $0.61  $0.58  $0.56  $0.50  $0.50  $1.75  $1.51                ANNUALIZED RETURN ON AVERAGE ASSETS              Return on average assets: (A/E)  2.17%  2.08%  2.07%  1.77%  1.74%  2.11%  1.77%Return on average assets, as adjusted: (ROA, as adjusted) ((A+D)/E)  2.10%  2.02%  2.01%  1.76%  1.72%  2.04%  1.77%Return on average assets excluding intangible amortization: ((A+C)/(E-F))  2.34%  2.25%  2.24%  1.92%  1.88%  2.28%  1.92%Return on average assets, as adjusted, excluding intangible amortization: ((A+C+D)/(E-F))  2.27%  2.18%  2.18%  1.91%  1.86%  2.21%  1.92%               GAAP net income available to common shareholders (A) $123,604  $118,403  $115,209  $100,564  $100,038  $357,216  $301,677 Amortization of intangibles (B)  2,024   2,025   2,047   2,068   2,095   6,096   6,375 Amortization of intangibles after-tax (C)  1,529   1,530   1,547   1,563   1,572   4,607   4,782 Adjustments after-tax (D)  (3,922)  (3,770)  (3,274)  (737)  (1,044)  (10,966)  428 Average assets (E)  22,638,938   22,797,738   22,548,835   22,565,077   22,893,784   22,662,167   22,817,942 Average goodwill & core deposit intangible (F)  1,433,474   1,435,480   1,437,515   1,439,566   1,441,654   1,435,475   1,443,770                  Home BancShares, Inc.  Non-GAAP Reconciliations  (Unaudited)                  Quarter Ended Nine Months Ended(Dollars in thousands) Sep. 30,
2025 Jun. 30,
2025 Mar. 31,
2025 Dec. 31,
2024 Sep. 30,
2024 Sep. 30,
2025 Sep. 30,
2024ANNUALIZED RETURN ON AVERAGE COMMON EQUITY              Return on average common equity: (A/D)  11.91%  11.77%  11.75%  10.13%  10.23%  11.81%  10.53%Return on average common equity, as adjusted: (ROE, as adjusted) ((A+C)/D)  11.54%  11.39%  11.41%  10.05%  10.12%  11.45%  10.55%Return on average tangible common equity: (ROTCE) (A/(D-E))  18.28%  18.26%  18.39%  15.94%  16.26%  18.31%  16.91%Return on average tangible common equity, as adjusted: (ROTCE, as adjusted) ((A+C)/(D-E))  17.70%  17.68%  17.87%  15.82%  16.09%  17.75%  16.94%Return on average tangible common equity excluding intangible amortization: (B/(D-E))  18.51%  18.50%  18.64%  16.18%  16.51%  18.55%  17.18%Return on average tangible common equity, as adjusted, excluding intangible amortization: ((B+C)/(D-E))  17.93%  17.92%  18.12%  16.07%  16.34%  17.98%  17.20%               GAAP net income available to common shareholders (A) $123,604  $118,403  $115,209  $100,564  $100,038  $357,216  $301,677 Earnings excluding intangible amortization (B)  125,133   119,933   116,756   102,127   101,610   361,823   306,459 Adjustments after-tax (C)  (3,922)  (3,770)  (3,274)  (737)  (1,044)  (10,966)  428 Average common equity (D)  4,115,884   4,036,155   3,977,671   3,950,176   3,889,712   4,043,743   3,826,619 Average goodwill & core deposits intangible (E)  1,433,474   1,435,480   1,437,515   1,439,566   1,441,654   1,435,475   1,443,770                EFFICIENCY RATIO & P5NR              Efficiency ratio: ((D-G)/(B+C+E))  40.21%  41.68%  42.22%  42.24%  41.42%  41.35%  42.91%Efficiency ratio, as adjusted: ((D-G-I)/(B+C+E-H))  40.95%  42.01%  42.84%  42.00%  41.66%  41.91%  42.87%Pre-tax net income to total revenue (net) (A/(B+C))  57.38%  56.08%  56.58%  50.11%  50.03%  56.69%  51.76%Pre-tax net income, as adjusted, to total revenue (net) ((A+F)/(B+C))  55.53%  54.39%  54.91%  49.74%  49.49%  54.95%  51.49%Pre-tax, pre-provision, net income (PPNR) (B+C-D) $162,833  $154,991  $147,154  $146,154  $147,954  $464,978  $424,258 Pre-tax, pre-provision, net income, as adjusted (B+C-D+F) $157,704  $150,404  $142,821  $145,209  $146,562  $450,929  $422,176 P5NR (Pre-tax, pre-provision, profit percentage) PPNR to total revenue (net)) (B+C-D)/(B+C)  58.64%  57.19%  56.58%  56.57%  57.35%  57.49%  55.90%P5NR, as adjusted (B+C-D+F)/(B+C)  56.80%  55.49%  54.91%  56.20%  56.81%  55.75%  55.62%               Pre-tax net income (A) $159,327  $151,991  $147,154  $129,454  $129,084  $458,472  $392,888 Net interest income (B)  226,166   219,952   214,656   217,142   215,220   660,774   631,632 Non-interest income (C)  51,505   51,079   45,426   41,222   42,779   148,010   127,352 Non-interest expense (D)  114,838   116,040   112,928   112,210   110,045   343,806   334,726 Fully taxable equivalent adjustment (E)  2,916   2,526   2,534   2,398   2,616   7,976   6,136 Total pre-tax adjustments (F)  (5,129)  (4,587)  (4,333)  (945)  (1,392)  (14,049)  (2,082)Amortization of intangibles (G)  2,024   2,025   2,047   2,068   2,095   6,096   6,375                Adjustments:              Non-interest income:              Gain on retirement of subordinated debt $1,882  $—  $—  $—  $—  $1,882  $— Fair value adjustment for marketable securities  1,020   (238)  442   850   1,392   1,224   2,121 (Loss) gain on OREO  (1)  13   (376)  (2,423)  85   (364)  151 (Loss) gain on branches, equipment and other assets, net  (66)  972   (163)  26   32   743   2,076 Special income from equity investment  —   3,498   3,891   —   —   7,389   — BOLI death benefits  187   1,243   —   95   —   1,430   162 Legal expense reimbursement  —   885   —   —   —   885   — Recoveries on historic losses  2,040   —   —   —   —   2,040   — Total non-interest income adjustments (H) $5,062  $6,373  $3,794  $(1,452) $1,509  $15,229  $4,510                Non-interest expense:              FDIC special assessment  —   (1,516)  —   —   —   (1,516)  2,260 Legal claims expense  —   3,300   —   —   —   3,300   — Total non-interest expense adjustments (I) $—  $1,784  $—  $—  $—  $1,784  $2,260                 Home BancShares, Inc. Non-GAAP Reconciliations  (Unaudited)              Quarter Ended  Sep. 30,
2025 Jun. 30,
2025 Mar. 31,
2025 Dec. 31,
2024 Sep. 30,
2024TANGIBLE BOOK VALUE PER COMMON SHARE          Book value per common share: (A/B) $21.41  $20.71  $20.40  $19.92  $19.91 Tangible book value per common share: ((A-C-D)/B)  14.13   13.44   13.15   12.68   12.67            Total shareholders' equity (A) $4,214,964  $4,085,316  $4,042,555  $3,961,025  $3,959,789 End of period common shares outstanding (B)  196,889   197,239   198,206   198,882   198,879 Goodwill (C)  1,398,253   1,398,253   1,398,253   1,398,253   1,398,253 Core deposit and other intangibles (D)  34,231   36,255   38,280   40,327   42,395            TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS          Equity to assets: (B/A)  18.56%  17.83%  17.58%  17.61%  17.35%Tangible common equity to tangible assets: ((B-C-D)/(A-C-D))  13.08%  12.35%  12.09%  11.98%  11.78%           Total assets (A) $22,707,802  $22,907,022  $22,992,203  $22,490,748  $22,823,117 Total shareholders' equity (B)  4,214,964   4,085,316   4,042,555   3,961,025   3,959,789 Goodwill (C)  1,398,253   1,398,253   1,398,253   1,398,253   1,398,253 Core deposit and other intangibles (D)  34,231   36,255   38,280   40,327   42,395             Home BancShares, Inc.Shareholder Buyback Yield(Unaudited)                 Quarter Ended Nine Months Ended(Dollars and shares in thousands) Sep. 30,
2025 Jun. 30,
2025 Mar. 31,
2025 Dec. 31,
2024 Sep. 30,
2024 Sep. 30,
2025 Sep. 30,
2024SHAREHOLDER BUYBACK YIELD              Shareholder buyback yield: (A/B)  0.18%  0.49%  0.53%  0.05%  0.56%  1.19%  1.64%               Shares repurchased  350   1,000   1,000   96   1,000   2,350   3,426 Average price per share $28.34  $26.99  $29.67  $26.38  $26.90  $28.33  $24.36 Principal cost  9,918   26,989   29,668   2,526   26,902   66,575   83,450 Excise tax  93   459   117   (72)  63   669   484 Total share repurchase cost (A) $10,011  $27,448  $29,785  $2,454  $26,965  $67,244  $83,934                Shares outstanding beginning of period  197,239   198,206   198,882   198,879   199,746   198,882   201,526 Price per share beginning of period $28.46  $28.27  $28.30  $27.09  $23.96  $28.30  $25.33 Market capitalization beginning of period (B) $5,613,422  $5,603,284  $5,628,361  $5,387,632  $4,785,914  $5,628,361  $5,104,654                 Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/8fdb9efb-85ac-4fce-8956-d07f19f86954

https://www.globenewswire.com/NewsRoom/AttachmentNg/1344bbc9-601a-4ada-ba2a-0e20af2c7b2e

https://www.globenewswire.com/NewsRoom/AttachmentNg/d9c924c2-29e5-4a4c-95e8-49d9f1d8bec8

https://www.globenewswire.com/NewsRoom/AttachmentNg/efe0258b-31d0-478c-87af-f5c34aa123da

https://www.globenewswire.com/NewsRoom/AttachmentNg/f378b78e-46a8-4a98-a05e-c55d294208a6

https://www.globenewswire.com/NewsRoom/AttachmentNg/e99055ee-cf6a-4d6b-b37f-c20900cbf5ea

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BOSTON--(BUSINESS WIRE)--Klaviyo, Inc. (NYSE: KVYO), the B2C CRM today announced that its third quarter 2025 results will be released following the close of the U.S. financial markets on Wednesday, November 5, 2025.

Klaviyo will host a live audio webcast at 4:30 p.m. ET / 1:30 p.m. PT on Wednesday, November 5, 2025 to discuss the results.

The news release with the financial results and a link to the webcast will be accessible on Klaviyo’s investor relations website (https://investors.klaviyo.com). A replay of the webcast will also be available on Klaviyo’s investor relations website following the call.

About Klaviyo

Klaviyo (NYSE: KVYO) is the B2C CRM. Powered by its built-in data platform and AI, Klaviyo combines marketing automation, analytics, and customer service into one unified solution, making it easy for businesses to know their customers and grow faster. Klaviyo (CLAY-vee-oh) helps over 176,000 brands like Mattel, Glossier, Daily Harvest, and Liquid Death deliver 1:1 experiences at scale, improve efficiency, and drive revenue.

Source: Klaviyo, Inc.

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October 15, 2025 5:20 PM EDT | Source: DelphX Capital Markets Inc.
Toronto, Ontario--(Newsfile Corp. - October 15, 2025) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) ("DelphX"), a leader in the development of new classes of structured products, announces that it intends to seek approval of the TSX Venture Exchange to extend the exercise period of share purchase warrants.

DelphX intends to seek approval of the TSX Venture Exchange to extend the exercise period of 3,483,668 share purchase warrants, exercisable at $0.20 per common share (issued pursuant to a private placement announced November 1, 2023) by one year to November 1, 2026.

All other terms and conditions of the warrants will remain unchanged. The warrant extension is subject to acceptance by the TSX Venture Exchange.

A total of 866,667 warrants are held by parties who are considered to be "related parties" of DelphX Therefore, the amendment of Warrants constitutes a "related party transaction" as contemplated by Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions, and TSXV Policy 5.9 - Protection of Minority Security Holders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for can be relied upon as the fair market value of the Warrants does not exceed 25% of the market capitalization of DelphX.

About DelphX Capital Markets Inc.

DelphX is a technology and financial services company focused on developing and distributing the next generation of structured products. Through its special purpose vehicle Quantem LLC, the Company enables broker dealers to offer new private placement securities that provide for both fixed income and cryptocurrency solutions. The new DelphX securities will enable dealers and their qualified institutional investors (QIBs) accounts to competitively structure, sell and make markets in:

Collateralized put options (CPOs) that provide secured rating downgrade protection for underlying corporate bonds and/or protection from losses in cryptocurrency holdings;Collateralized reference notes (CRNs) that enable investors to take on a capped rating downgrade and/or cryptocurrency loss exposure of an underlying security or cryptocurrency in exchange for attractive returns.All CPOs and CRNs are fully collateralized and held in custody by US Bank. CPOs and CRNs are proprietary products created and owned by DelphX Capital Markets.

For more information about DelphX, please visit www.delphx.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270597

Apple services chief Eddy Cue said the iPhone maker would like to buy more sports rights, but the company would need to be able to do something "unique and special" with the broadcast.

"We don't have to do sports the way that they are. There's plenty of people doing that," Cue told CNBC's Alex Sherman at the Autosport Business Exchange NYC.

Apple TV, the company's streaming service, currently airs Major League Baseball games on Friday nights and has a package for Major League Soccer that allows subscribers to watch all MLS matches.

But Apple hasn't secured rights to major American sports such as the National Football League, which sold its NFL Sunday Ticket package to Google's YouTube, or the National Basketball Association, which has some games appear on Amazon Prime.

Apple Original Films released a licensed movie called "F1" this summer that made over $550 million at the box office. Cue declined to say if Apple had acquired broadcast rights to the F1 racing league.

Cue, who is the senior vice president of services at Apple, said that there were a lot of things about sports broadcasts that he would like to fix, including blackouts, the need to subscribe to multiple services and issues with viewers accessing streams while traveling.

He said that the way that Apple TV broadcasts MLS, in which viewers aren't blacked out and can stream games around the world, "fixed" some of those issues.

"If we want people to watch games, and we want all of sports to grow, some of these things need to be fixed," Cue said, suggesting that leagues could demand all of its broadcast partners work together to enable features like picture-in-picture when multiple games are playing at the same time but on different streaming services.

When Apple broadcasts sports, the company is looking to create a "level of differentiation" from most broadcasts, said Cue, noting some of the things that Apple TV does with its MLB broadcasts.

He said that Apple TV has better video quality than other broadcasters because it doesn't compress its video. He also cited a recent MLB broadcast in which Apple placed an iPhone on a foul pole for an unusual camera angle during the game.

Ultimately, Apple would like to do deals with leagues to broadcast their games across international markets, rather than secure packages for individual games, as the company does now with MLB. Cue said that Friday Night Baseball, which debuted in 2022, was a "test" for Apple to figure out what it was getting into.

"You had to start somewhere to learn a little bit about what it takes to broadcast before you decide to take on a whole league and broadcast worldwide," Cue said.

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October 15, 2025 17:25 ET

 | Source:

Dragonfly Energy Holdings Corp.

RENO, Nev., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (“Dragonfly Energy” or the “Company”) (Nasdaq: DFLI), an industry leader in energy storage and battery technology, today announced that it has commenced an underwritten public offering of shares of its common stock and, in lieu of common stock to investors who so choose, pre-funded warrants to purchase shares of its common stock. In addition, Dragonfly Energy expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the securities to be sold in the proposed offering at the public offering price for the common stock, less underwriting discounts and commissions. All shares of common stock and pre-funded warrants are being offered by Dragonfly Energy. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the proposed offering.

Canaccord Genuity is acting as the sole bookrunner for the proposed offering.

Dragonfly Energy intends to use the net proceeds from the proposed offering for working capital and other general corporate purposes, including the prepayment of $45 million of outstanding indebtedness under its term loan agreement in connection with a proposed restructuring of the Company’s outstanding indebtedness, continued investments in initiatives intended to drive near term revenue, and continued strategic investment in next generation battery technologies, including scaling the dry electrode process and its application to solid-state batteries.

The proposed offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-275559) that was declared effective by the Securities and Exchange Commission (“SEC”) on November 24, 2023. A preliminary prospectus supplement and accompanying prospectus relating to the proposed offering will be filed with the SEC and will be available for free on the SEC’s website, located at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the proposed offering may be obtained, when available, from Canaccord Genuity LLC, Attention: Syndication Department, One Post Office Square, Suite 3000, Boston, Massachusetts 02109, or by telephone at (617) 371-3900, or by email at [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company's overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells. To learn more about Dragonfly Energy and its commitment to clean energy advancements, visit investors.dragonflyenergy.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical statements of fact and statements regarding the Company’s intent, belief or expectations, including, but not limited to, statements about the Company’s expectations regarding the completion, timing and size of its public offering and the anticipated use of proceeds therefrom. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. Words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “may,” “goal,” “potential” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements necessarily contain these identifying words. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with market conditions, the proposed restructuring of the Company’s outstanding indebtedness and the satisfaction of customary closing conditions related to the proposed offering, as well as risks and uncertainties associated with the Company’s business and finances in general, including the risks and uncertainties in the section captioned “Risk Factors” in the preliminary prospectus supplement related to the proposed offering that will be filed with the SEC, the Company’s most recently filed Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q. There can be no assurances that we will be able to complete the proposed offering on the anticipated terms, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.

Investor Relations:
Eric Prouty
Szymon Serowiecki
AdvisIRy Partners
[email protected]

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Firefly (FLY) To Contact Him Directly To Discuss Their Options

If you purchased or acquired stock in Firefly and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648.

Click here to participate in the action.

NEW YORK, Oct. 15, 2025 (GLOBE NEWSWIRE) --

What’s Happening:

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Firefly Aerospace Inc. (“Firefly” or the “Company”) (NASDAQ:FLY) on behalf of Firefly stockholders. Our investigation concerns whether Firefly has violated the federal securities laws and/or engaged in other unlawful business practices.
Investigation Details:

On or around August 7, 2025, Firefly conducted an initial public offering of 19.3 million shares of common stock priced at $45.00 per share. Then, on September 23, 2025, Firefly reported its financial results for the second quarter of 2025. Among other items, Firefly reported a loss of $80.3 million, or $5.78 per share, compared to $58.7 million, or $4.60 per share, for the same quarter last year. Firefly also reported revenue of $15.55 million, below analyst estimates of $17.25 million and down 26.2% from the same quarter last year.On this news, Firefly's stock price fell $7.58 per share, or 15.31%, to close at $41.94 per share on September 23, 2025. Next Steps:

If you purchased or otherwise acquired Firefly shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form.  There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
[email protected]
www.bespc.com

Webcast Conference Call Scheduled for 8 a.m. CT

, /PRNewswire/ -- Harley-Davidson, Inc. (NYSE: HOG) will release its third quarter 2025 financial results before market hours Tuesday, November 4, 2025. The public is invited to attend an audio webcast from 8-9 a.m. CT. Harley-Davidson, Inc. senior management will discuss financial results, developments in the business, and updates to the Company's outlook. A slide presentation supporting the discussion will be available prior to the audio webcast.

Webcast participants should log-on and register at least 10 minutes prior to the start time and can access the slide presentation here: https://investor.harley-davidson.com/events-and-presentations/default.aspx . A replay of the audio webcast will be available approximately two hours after the call concludes.

Company Background
Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services.

### (HOG-Earnings)

SOURCE Harley-Davidson, Inc.

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October 15, 2025 5:30 PM EDT | Source: Silver Elephant Mining Corp.
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE:1P2) ("Silver Elephant" or the "Company")  announces that, further to its news release dated September 4, 2025 and September 17, 2025, it has closed the second and final tranche of its non-brokered private placement (the "Private Placement") raising gross proceeds of $445,411 through the sale of 2,783,824 units (the "Units") at a price of $0.16 per unit. Each Unit consists of one common share of the Company (a "Share") and one share purchase warrant (a "Warrant") with each warrant entitling the holder to purchase one additional Share at a price of $0.20 per Share for a period of three years from issuance.

Finder's Fees of 145,250 Finder's Units were paid with each Finder's Unit consisting of one Share and one Warrant.

John Lee, a Director of the Company subscribed for 193,750 Units for gross proceeds of $31,000. The issuance of Units to Mr. Lee is considered a related party transactions within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that Mr. Lee's participation in the Private Placement did not exceed 25% of the fair market value of the Company's market capitalization. The Company will file a material change report in respect of the related party transaction.

The securities issued under the Private Placement will be subject to a regulatory hold period of four months plus one day from the date of issue. Proceeds of the Private Placement are expected to be used for general corporate purposes.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of that jurisdiction.

About Silver Elephant Mining Corp.

Silver Elephant is a mineral exploration company with gold and silver projects in Bolivia.

Further information on Silver Elephant can be found at www.silverelef.com.

SILVER ELEPHANT MINING CORP.

ON BEHALF OF THE BOARD

"John Lee"
CEO and Executive Chairman

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking information in this news release includes the use of proceeds raised from the Private Placement.

Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.

Not for distribution to the United States Newswire Services or For Dissemination, Distribution, Release or Publication, Directly or Indirectly into the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270595