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.
Home BancShares, Inc. reports news centered on its role as the bank holding company for Centennial Bank, which provides commercial banking, retail banking, and related financial services to businesses, real estate developers, investors, individuals, and municipalities. Recurring updates cover quarterly earnings, net interest margin, loan growth, credit-loss provisions, capital measures, and cash dividends.
Company news also includes completed bank acquisitions, branch-market expansion, conference participation, and governance-related announcements. Centennial Bank operates across markets including Arkansas, Florida, Texas, Tennessee, South Alabama, and New York City, with the banking segment as the company’s core operating business.
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.
Home BancShares, Inc. (NYSE: HOMB) reported solid Q2 2024 results. Key highlights include:
- Net income of $101.5 million, or $0.51 diluted earnings per share
- Net interest margin increased to 4.27% from 4.13% in Q1 2024
- Total loans grew to $14.78 billion, up from $14.51 billion in Q1
- Total deposits increased to $16.96 billion from $16.87 billion in Q1
- Efficiency ratio improved to 43.17%
The company maintained strong liquidity with $5.82 billion in net available liquidity, exceeding uninsured deposits by $1.13 billion. HOMB's allowance for credit losses remained stable at 2.00% of total loans.
Home BancShares, the parent company of Centennial Bank, will release its Second Quarter 2024 earnings after market close on July 17, 2024.
A conference call to discuss the results is scheduled for July 18, 2024, at 1:00 p.m. CT (2:00 p.m. ET).
Participants can pre-register for the webcast or live call to receive immediate access instructions. The call will be available for replay until July 25, 2024, at 10:59 p.m. CT (11:59 p.m. ET).
Home BancShares provides various banking and financial services across several states and trades under the NYSE ticker 'HOMB'.
Home BancShares announced key management changes as it prepares for future growth. Stephen Tipton, formerly Chief Operating Officer since 2015, is now the CEO of Centennial Bank. Kevin Hester, the Chief Lending Officer, is named President of Home BancShares and Centennial Bank. John Allison remains Executive Chairman and CEO of Home BancShares, while Tracy French will focus on special projects as Chairman of Centennial Bank. These changes leverage the experienced leadership team to continue the bank’s mission of exceeding customer and shareholder expectations.
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