Home Bancshares Stock Price, News & Analysis

Home BancShares, Inc. (NASDAQ GS: HOMB) reported third quarter 2020 net income of $69.3 million, a 10.3% increase from $62.8 million in Q2 2020. Total revenue reached a record $176.1 million, up 1.4% from $173.7 million in Q2 2020. Pre-tax net income also rose to $90.4 million, representing a 10.1% increase. Key metrics included a return on assets of 1.66% and an increase in pre-tax, pre-provision net revenue (PPNR) to $104.4 million. However, credit loss expenses increased to $14 million due to ongoing pandemic uncertainties, with non-performing loans rising to 0.63% of total loans.

Home BancShares, Inc. (NASDAQ: HOMB) will release its Third Quarter 2020 earnings on October 15, 2020, before market opening. A conference call to discuss these results is scheduled for the same day at 1:00 p.m. CT. Participants can pre-register for the call for easier access. The bank operates through its subsidiary, Centennial Bank, and provides a variety of banking services. Investors should be aware of potential risks related to economic conditions, credit quality, and operational disruptions due to the ongoing coronavirus pandemic.

Home BancShares, parent company of Centennial Bank, will host a Fireside chat on September 15, 2020, at 1:00pm CT. The management team will discuss the Office segment. Participants can join via phone at 1-877-508-9586 or through the live webcast available on the company website. John Allison, Chairman, highlighted the chat's value during uncertain times, emphasizing transparency in communication with investors. The company warns that forward-looking statements involve risks, and actual results may differ due to various factors outlined in previous SEC filings.

Home BancShares, trading under the ticker HOMB, will host a second Fireside chat on July 30, 2020, at 1:00 PM CT to discuss their Retail and Commercial Real Estate segments. Participants can join by calling 1-877-508-9586 or via a live webcast at this link. John Allison, Chairman, emphasized the importance of connecting with the investment community during uncertain times. A presentation will be available on the company’s website prior to the call.

Home BancShares, Inc. (NASDAQ GS: HOMB) has declared a $0.13 per share quarterly cash dividend, payable on September 2, 2020, to shareholders of record by August 12, 2020. This payment aligns with the dividends from the first and second quarters of 2020. Headquartered in Conway, Arkansas, Home BancShares operates through its subsidiary, Centennial Bank, offering a wide range of financial services across multiple states, including Arkansas and Florida.

Home BancShares (NASDAQ: HOMB) reported a solid performance for Q2 2020, with net income soaring to $62.8 million compared to $507,000 in Q1 2020. Total revenue reached a record $173.7 million, up from $162.7 million. Despite the challenges posed by the COVID-19 pandemic, the bank maintained a net interest margin of 4.11% and return on assets at 1.55%. Non-performing assets decreased to 0.39% of total assets. The company expressed confidence in future dividends, reflecting strong earnings and asset quality.

Home BancShares, parent company of Centennial Bank, will host a Fireside Chat on June 30, 2020, at 1:00 p.m. CT to engage with its investment community amidst ongoing uncertainties. The management team, along with Centennial Commercial Finance Group leaders, will participate in the call. Interested parties can join by calling 1-877-508-9586 or via live webcast. John Allison, Chairman, emphasized the importance of these contactless investor briefings during this time.

Home BancShares, Inc. (NASDAQ-GS: HOMB) announced its plans to release Second Quarter 2020 earnings on July 16, 2020, before market opening. Management will host a conference call at 1:00 p.m. CT to discuss the earnings. Participants can pre-register for the call to receive exclusive dial-in instructions. The call will also be available via phone and the company’s website for those without internet access. This announcement includes forward-looking statements that involve risks and uncertainties, including economic conditions and competition, which could impact actual results.

Home BancShares, Inc. (NASDAQ: HOMB) announced its subsidiary, Centennial Bank, was named among The World's Best Banks 2020 by Forbes. This accolade follows Centennial's prior recognition as the #1 Bank in America for 2018 and 2019, based on a survey of 40,000 consumers across 23 countries. The recognition highlights Centennial's commitment to customer service, digital services, and financial advice. Home BancShares continues to strengthen its market position despite ongoing economic uncertainties.