• Home BancShares average operating margin for 2023 was 41.08%, a 9.16% decline from 2022.
• Home BancShares average operating margin for 2022 was 45.22%, a 15.27% decline from 2021.
• Home BancShares average operating margin for 2021 was 53.37%, a 53.58% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.