Jennifer Floyd
HOME BANCSHARESAbout Jennifer Floyd
Jennifer C. Floyd is Chief Accounting Officer of Home BancShares, Inc. (HOMB) and Centennial Bank, serving in this role since July 2015; she joined the company in June 2015 as Director of Financial Reporting after a career at Deloitte & Touche LLP auditing public and private financial institutions. Ms. Floyd is 50 years old, a Certified Public Accountant, and holds a bachelor’s degree in accounting and marketing from Harding University . Company performance during her tenure includes record FY2024 results: total revenue $1.02 billion, net income $402.2 million, EPS $2.01, and book value $19.92 per share; management also discloses the company’s five-year cumulative TSR exceeded a comparative banking industry index through 12/31/2024 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Deloitte & Touche LLP | Senior Manager | 1997–2015 | Led audits of public and private financial institutions, strengthening technical accounting and reporting expertise . |
| Home BancShares, Inc. | Director of Financial Reporting | Jun 2015–Jul 2015 | Transitioned company-side to lead external reporting prior to appointment as CAO . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Not disclosed | — | — | No external directorships or board roles disclosed in proxy statements reviewed . |
Company Performance Context (for pay alignment and execution backdrop)
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Total Revenue ($USD Billions) | — | $1.02 |
| Net Income ($USD Millions) | $392.9 | $402.2 |
| EPS ($USD) | $1.94 | $2.01 |
| Book Value (per share) | $18.81 | $19.92 |
| Tangible Book Value (per share, non-GAAP) | — | $12.68 |
Performance Compensation
Company executive incentive design (applies to NEOs; Ms. Floyd’s individual participation is not disclosed):
- Plan structure: annual cash Executive Incentive Plan (EIP) for NEOs with absolute and peer-relative targets across ROAA, ROTCE, efficiency ratio, net charge-off ratio, and net interest margin; CEO eligible up to 100% of base salary, other NEOs up to 50% plus a deferred 10% retention component if all criteria met; meaningful clawback linked to restatements and peer comparator updates .
- Equity incentives: 2022 Equity Incentive Plan supports restricted stock and nonqualified stock options for directors and key employees, with clawback aligned to NYSE/SEC rules; CEO receives a mix of performance-based (two-thirds) and time-vested (one-third) restricted stock over a three-year performance period .
2024 Executive Incentive Plan metrics and outcomes:
| Metric | Target | Actual | Basis |
|---|---|---|---|
| Return on Average Assets (as adjusted) | ≥ 1.20% | 1.77% | Absolute |
| Return on Tangible Common Equity (as adjusted) | ≥ 10% | 16.64% | Absolute |
| Efficiency Ratio (as adjusted) | Under 47% | 42.65% | Absolute |
| Net Charge-off Ratio | ≤ 1% | 0.10% | Absolute |
| ROAA percentile vs peer | ≥ 66 2/3rd | 93.67% | Peer-relative (9M data) |
| ROTCE percentile vs peer | ≥ 66 2/3rd | 87.33% | Peer-relative (9M data) |
| Efficiency percentile vs peer | ≥ 66 2/3rd | 92.67% | Peer-relative (9M data) |
| Net Interest Margin percentile vs peer | ≥ 66 2/3rd | 94.33% | Peer-relative (9M data) |
Equity Ownership & Alignment
| Item | Detail | Citation |
|---|---|---|
| Section 16 status | Company indicates timely Section 16 reporting with minor late Form 4s by other officers; Ms. Floyd is a Section 16 reporting person and signs company earnings 8-Ks as CAO . | |
| Insider trading controls | Insider Trading Policy prohibits derivative hedging; directors/officers with MNPI should refrain from trading in puts/calls; clawback policies in place for incentive comp . | |
| Beneficial ownership | Not individually disclosed in principal shareholder tables (which list directors and NEOs); no pledging footnote for Ms. Floyd identified . | |
| Recent Form 4 filings | SEC shows Form 4 submissions for Jennifer C. Floyd as a reporting person (details available via EDGAR) . |
Employment Terms
| Item | Detail | Citation |
|---|---|---|
| Employment agreement | No employment agreement for Ms. Floyd disclosed in proxies reviewed; CEO has a defined agreement (Chairman’s Agreement); other NEOs (besides CEO and a retirement arrangement for Mr. French) have no employment agreements disclosed—no specific contract for Ms. Floyd was identified . | |
| Non-compete / non-solicit | Not disclosed for Ms. Floyd in reviewed filings . | |
| Severance / CIC | Not disclosed for Ms. Floyd; CEO agreement terms summarized; no CIC terms for Ms. Floyd identified . | |
| Clawback | Company-wide clawback applies to incentive compensation per NYSE/SEC rules . |
Investment Implications
- Compensation alignment: Company-wide EIP and equity plan weight profitability, efficiency, asset quality, and relative performance—strong pay-for-performance signals for senior executives; Ms. Floyd’s specific incentive participation is not disclosed, limiting direct pay-performance assessment for her role .
- Retention and continuity: Ms. Floyd’s decade-long tenure (since 2015) as CAO and repeated filing-signatures on earnings 8‑Ks indicate operational stability in financial reporting; absence of disclosed individual employment or CIC terms reduces visibility on retention economics but also suggests standard corporate frameworks apply .
- Trading signals: She is a Section 16 reporting person with Form 4 activity filed at the SEC; combined with hedging restrictions and clawbacks, governance minimizes misalignment risk—investors should monitor ongoing Form 4s for timing and scale to evaluate potential selling pressure .
- Governance backdrop: Strong say‑on‑pay support (93.1% in 2024) and disclosure of performance-based CEO equity reinforce discipline in the compensation program, though granularity for non‑NEOs like CAO is limited for external analysis .