Welcome to our dedicated page for Home Bancshares news (Ticker: HOMB), a resource for investors and traders seeking the latest updates and insights on Home Bancshares stock.
News about Home BancShares, Inc. (NYSE: HOMB) centers on its financial performance, capital actions and strategic developments as a commercial banking organization. As the parent of Centennial Bank, a community bank serving businesses, real estate developers, investors, individuals and municipalities, the company regularly issues earnings releases and corporate updates that are of interest to bank investors and observers of the regional banking sector.
Visitors to this news page can review company-issued press releases covering quarterly and annual earnings, including details on net income, diluted earnings per share, net interest margin, pre-tax, pre-provision net income, efficiency ratio and other key performance indicators. These releases also describe trends in loans, deposits, non-performing assets, allowance for credit losses and regulatory capital ratios, providing insight into credit quality and balance sheet management.
Home BancShares’ news flow also includes announcements about dividends and share repurchases, where the Board of Directors declares quarterly cash dividends and the company reports on stock buyback activity and shareholder buyback yield. Such updates explain how management is using capital to return funds to shareholders while supporting growth.
Another important category of news involves mergers and acquisitions. The company has announced an all-stock merger agreement to acquire Mountain Commerce Bancorp, Inc. and Mountain Commerce Bank, expanding its footprint into Tennessee markets such as Knoxville, Nashville and Johnson City, subject to approvals and customary conditions. Related press releases and conference call announcements provide additional context on the strategic rationale and expected pro forma size of the combined organization.
In addition, Home BancShares issues notices about upcoming earnings release dates, conference calls and investor conference participation, giving investors and analysts information on opportunities to hear management discuss results and outlook. Users interested in HOMB news can use this page as a central location to read these company communications and track how reported metrics and strategic actions evolve over time.
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.
Home BancShares (NYSE: HOMB) has declared a quarterly cash dividend of $0.195 per share, payable December 4, 2024, to shareholders of record November 13, 2024. This represents an 8.3% increase from the $0.18 dividend paid in Q4 2023 and maintains the same level as Q3 2024. The company operates through its subsidiary Centennial Bank, providing commercial and retail banking services across Arkansas, Florida, Texas, South Alabama, and New York City.
Home BancShares, Inc. (NYSE: HOMB) reported strong Q3 2024 results despite Hurricane Helene's impact. Key highlights include:
- Net income: $100.0 million
- Diluted earnings per share: $0.50
- Net interest margin: 4.28%
- Return on average assets (ROA): 1.74%
- Total loans: $14.82 billion
- Total deposits: $16.71 billion
- Total assets: $22.82 billion
The company recorded $18.9 million in credit loss expense, including a $16.7 million hurricane reserve. HOMB maintained strong liquidity with $5.65 billion in net available liquidity. The allowance for credit losses on loans increased to 2.11% of total loans. Despite challenges, HOMB demonstrated resilience with solid financial performance and strong balance sheet metrics.
Home BancShares, Inc. (NYSE: HOMB), parent company of Centennial Bank, has announced additional loan loss reserves of approximately $16.7 million for the third quarter of 2024 due to Hurricane Helene. The Category 4 hurricane made landfall on September 26, 2024, affecting over $1 billion worth of loans in its path. HOMB's Chairman, John Allison, emphasized the company's preparedness for such events and its strong balance sheet.
Allison also mentioned the potential impact of Hurricane Milton, which made landfall on October 9, 2024, and could lead to a substantial increase in hurricane-related loan reserves for the fourth quarter. HOMB operates 76 branches in Arkansas, 78 in Florida, 58 in Texas, 5 in Alabama, and 1 in New York City.
Home BancShares, Inc. (NYSE: HOMB), parent company of Centennial Bank, has announced the release date for its Third Quarter 2024 earnings. The company will disclose earnings after market close on October 16, 2024, followed by a conference call on October 17, 2024, at 1:00 p.m. CT to review the results. Participants can pre-register for the webcast or live call using provided links. Those unable to pre-register can dial in to listen live. A replay will be available until October 24, 2024. Home BancShares is a bank holding company headquartered in Conway, Arkansas, with its subsidiary Centennial Bank operating in multiple states.
Home BancShares, Inc. (NYSE: HOMB), the parent company of Centennial Bank, has announced an increase in its quarterly cash dividend. The Board of Directors declared a regular $0.195 per share dividend, payable on September 4, 2024, to shareholders of record as of August 14, 2024. This represents an 8.3% increase from the previous quarter's dividend of $0.18 per share.
Home BancShares is a bank holding company headquartered in Conway, Arkansas. Its subsidiary, Centennial Bank, offers a wide range of commercial and retail banking services across multiple states, including Arkansas, Florida, Texas, South Alabama, and New York City.