Home Bancshares Stock Price, News & Analysis

Home BancShares, Inc. (NYSE: HOMB) has declared a regular quarterly cash dividend of $0.18 per share, which will be payable on June 7, 2023. This dividend reflects an increase of $0.015 per share, or 9.1%, compared to the $0.165 dividend from the second quarter of 2022. The announcement was made by John Allison, Chairman, highlighting that the company’s strong earnings have supported this consecutive dividend payment, marking the 68th consecutive quarterly dividend since going public in 2006. Home BancShares operates through its subsidiary, Centennial Bank, offering a range of banking services across several states, including Arkansas, Florida, Texas, South Alabama, and New York City.

Home BancShares reported its Q1 2023 financial results, with a net income of $103.0 million, or $0.51 per diluted share, down from $115.7 million in Q4 2022. Total revenue was $248.8 million, a decline from $272.3 million in the previous quarter. The company's return on assets (ROA) fell slightly to 1.84% from 1.98%. Despite challenges in the banking sector, Home BancShares emphasized its strong liquidity, boasting $6.92 billion in net available liquidity, significantly covering uninsured deposits. The total loans receivable were $14.39 billion as of March 31, 2023. Non-performing assets to total assets rose to 0.33% from 0.27% in Q4 2022, indicating a slight increase in asset quality concerns. The company continues to monitor its deposit exposure actively.

Home BancShares, Inc. (NYSE: HOMB) announced the release of its First Quarter 2023 earnings on April 20, 2023, before the market opens. A conference call to discuss these earnings will occur on the same day at 1:00 p.m. CT. Participants can pre-register for the call via provided links for both the webcast and the live call. For those without internet access, a dial-in option is available. Established in Conway, Arkansas, Home BancShares operates through its subsidiary, Centennial Bank, offering a range of banking services across several states.

Home BancShares, Inc. (NYSE: HOMB) will participate in the 2023 RBC Capital Markets Global Financial Institutions Virtual Conference on March 7-8, 2023. The panel discussion titled “Banking Unplugged” will be held at 3:00 p.m. CT on March 7. The live webcast can be accessed on the company’s website under Investor Relations or directly at the provided link. A recorded version will be available within 24 hours after the event and accessible until June 6, 2023. The company, headquartered in Conway, Arkansas, offers a range of banking services through its subsidiary, Centennial Bank, which operates in multiple states.

Home BancShares, Inc. (NYSE: HOMB) has announced a $0.18 per share quarterly cash dividend, marking a 9.1% increase from the previous $0.165 dividend paid over the last four quarters. The dividend is payable on March 8, 2023, to shareholders of record by February 15, 2023. As the parent company of Centennial Bank, Home BancShares operates in several states including Arkansas, Florida, Texas, South Alabama, and New York City, providing a range of financial services to various sectors including businesses and municipalities.