Kroll Bond Rating Agency affirmed the BBB senior unsecured debt rating, the BBB- subordinated debt rating and the K3 short-term debt rating Home BancShares Inc.

The rating agency also affirmed the BBB+ deposit and senior unsecured debt ratings, the BBB subordinated debt rating and the K2 short-term deposit and debt ratings for Home BancShares unit Centennial Bank.

The outlook for all long-term ratings is positive.

The ratings are based on Home BancShares' "strong earnings performance, benefitting from a high net interest margin and favorable operating efficiency," Kroll said.