Home Bancshares Stock Price, News & Analysis

Home BancShares (NYSE: HOMB) reported record first quarter 2025 results, with net income reaching $115.2 million, or $0.58 diluted earnings per share. The company's total revenue increased to $260.1 million, up from $246.4 million in Q1 2024.

Key performance metrics showed improvement, with net interest margin expanding to 4.44% and ROA reaching 2.07%. Total loans increased to a record $14.95 billion, while total deposits grew to $17.54 billion. The company maintained strong asset quality with non-performing assets to total assets ratio improving to 0.56% from 0.63% in the previous quarter.

The company's efficiency ratio was 42.22%, and book value per share reached a record $20.40. During the quarter, HOMB repurchased $29.7 million in stock and reported net loan recoveries of $4.1 million, demonstrating improved credit quality following the previous quarter's asset quality cleanup project.

Home BancShares (NYSE: HOMB) has scheduled its First Quarter 2025 earnings release for April 16, 2025, after market close. The company will host a conference call to discuss the results on April 17, 2025, at 1:00 p.m. CT.

Participants can pre-register for either the conference call webcast or live call through provided links. Those unable to pre-register can dial in directly at 1-833-470-1428 (Passcode: 947933). A replay will be available until April 24, 2025, by calling 1-866-813-9403 (Passcode: 685290).

Centennial Bank, the company's wholly-owned subsidiary, operates branches across Arkansas, Florida, South Alabama, Texas (as Happy State Bank), and New York City, offering commercial and retail banking services.

Home BancShares (NYSE: HOMB) has announced two significant corporate actions. First, the Board of Directors has authorized an expansion of its stock repurchase program by adding 6,755,507 shares to the existing authorization, bringing the total available shares for repurchase to 20,000,000. This builds upon the company's ongoing repurchase program initially established in January 2008 and last modified in January 2021.

Additionally, HOMB declared a quarterly cash dividend of $0.195 per share, maintaining the same dividend level as the previous two quarters. The dividend will be paid on March 5, 2025, to shareholders of record as of February 12, 2025.

Home BancShares (NYSE: HOMB) has reported strong Q4 2024 financial results, achieving record milestones with $1 billion in revenue and $400 million in earnings for the year. The company posted Q4 net income of $100.6 million, or $0.51 per diluted share.

Key Q4 2024 highlights include:

• Net interest margin improved to 4.39% from 4.28% in Q3
• Total deposits increased to $17.15 billion from $16.71 billion in Q3
• Completed asset quality cleanup, particularly in Texas loans
• Recorded $16.7 million in credit loss expense due to Hurricanes Helene and Milton

The company paid off its $700.0 million Federal Reserve Bank Term Funding Program advance, improving net interest margin by six basis points. The efficiency ratio was 42.24% for Q4 2024. Non-performing assets to total assets remained stable at 0.63%, while the allowance for credit losses on loans was 1.87% of total loans.

Home BancShares (NYSE: HOMB) reported strong Q4 2024 results with net income of $100.6 million ($0.51 per diluted share). The company achieved significant milestones, including its first $400 million year in earnings and $1 billion in revenue. The quarter showed improvements in key metrics with net interest margin rising to 4.39% from 4.28% in Q3 2024.

The company completed an asset quality cleanup project, primarily focused on legacy loans from Happy Bank, recording $53.4 million in net charge-offs. Additionally, HOMB set aside a total hurricane reserve of $33.4 million due to Hurricanes Helene and Milton, with $110.9 million in loans on deferral. The company's allowance for credit losses stood at $275.9 million (1.87% of total loans) as of December 31, 2024.

Total loans were $14.76 billion and deposits reached $17.15 billion. The company maintains a strong capital position with a common equity tier 1 ratio of 15.1%.

Home BancShares (NYSE: HOMB) has scheduled its Fourth Quarter 2024 earnings release for January 15, 2025, after market close. The company will host a conference call to discuss results on January 16, 2025, at 1:00 p.m. CT. Centennial Bank's parent company has provided two pre-registration options for participants: a conference call webcast and a live call option. A replay will be available until January 23, 2025. The company operates through Centennial Bank with branches across Arkansas, Florida, South Alabama, Texas (operating as Happy State Bank), and New York City.

Home BancShares (NYSE: HOMB) has announced an additional $16.7 million reserve for loan losses due to Hurricane Milton, bringing the total hurricane reserve to $33.4 million for the year. This follows an earlier $16.7 million reserve established for Hurricane Helene.

The company reports approximately $110 million currently on deferral due to both hurricanes. Hurricane Milton, which made landfall on October 9, 2024, caused more than two dozen tornados, while Hurricane Helene made landfall on September 26, 2024. The events span across the third and fourth quarters, with expected delays in insurance settlements due to the back-to-back nature of these events.

Home BancShares (NYSE: HOMB) has announced its participation in a Fireside Chat at the Stephens Annual Investment Conference on November 19, 2024. The presentation is scheduled for 1:00 p.m. CT (2:00 p.m. ET) and will be accessible via live webcast. A replay will remain available for 90 days following the presentation.

Centennial Bank, the company's wholly-owned subsidiary, operates across multiple states including Arkansas, Florida, South Alabama, Texas (as Happy State Bank), and New York City, providing commercial and retail banking services to various stakeholders including businesses, real estate developers, investors, individuals, and municipalities.

Home BancShares (NYSE: HOMB) has announced its participation in a Fireside Chat at the Stephens Annual Investment Conference on November 19, 2024. The presentation is scheduled for 1:00 p.m. CT (12:00 p.m. ET) and will be accessible via live webcast. A replay will remain available for 90 days following the presentation.

Centennial Bank, the company's wholly-owned subsidiary, operates branches across Arkansas, Florida, South Alabama, Texas (as Happy State Bank), and New York City, offering commercial and retail banking services to various stakeholders including businesses, real estate developers, investors, individuals, and municipalities.