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) has announced a quarterly cash dividend of $0.165 per share, reflecting a 17.9% increase from last year's $0.14. This dividend, payable on September 7, 2022, will benefit shareholders on record as of August 17, 2022. The increase demonstrates the company's strong financial performance and commitment to returning value to its investors.
Home BancShares reported Q2 2022 net income of $16.0 million, down from $64.9 million in Q1 2022. Adjusted net income reached $97.0 million, significantly impacted by a $107.3 million reduction due to the acquisition of Happy Bancshares. Total revenue for the quarter was $243.3 million, up from $161.8 million in Q1 2022. The net interest margin improved to 3.64%, driven by higher loan interest. Total deposits rose to $19.58 billion following the acquisition. However, the efficiency ratio stood at 66.31%. The company’s allowance for credit losses increased to 2.11% of total loans.
Home BancShares, Inc. (NYSE: HOMB) will release its Second Quarter 2022 earnings on July 21, 2022, before market opening. Management will host a conference call at 1:00 p.m. CT to discuss the results. Participants can pre-register for the call via provided links or dial in directly. A replay will be available until July 28, 2022. The company, headquartered in Conway, Arkansas, operates through its subsidiary, Centennial Bank, which offers a range of banking services across several states and is listed under the symbol 'HOMB'.
Home BancShares, Inc. (NYSE: HOMB) has declared a quarterly cash dividend of $0.165 per share, payable on June 8, 2022, to shareholders recorded by May 18, 2022. This dividend marks a 17.9% increase from the previous year’s dividend of $0.14. The bank holding company operates through its subsidiary Centennial Bank, offering a variety of banking services across multiple states including Arkansas, Florida, Texas, and New York City.
Home BancShares, Inc. (NYSE: HOMB) has appointed J. Pat Hickman to its Board of Directors following the completion of its acquisition of Happy Bancshares on April 1, 2022. Hickman, a seasoned banking professional with over 45 years of experience, is known for founding Happy State Bank. Chairman John W. Allison expressed confidence in Hickman's contributions to the board, highlighting his deep roots in the Texas banking community. Home BancShares, through its subsidiary Centennial Bank, offers a wide range of banking services across multiple states, including Arkansas, Florida, and Texas.
Home BancShares reported a net income of $64.9 million for Q1 2022, with diluted earnings per share at $0.40. Total revenue stood at $161.8 million, down from $171.0 million in Q4 2021. The bank's net interest margin decreased to 3.21% from 3.42% in the previous quarter. Key metrics included a ROA of 1.43% and a ROE of 9.58%. The bank's allowance for credit losses was $234.8 million, representing 2.34% of total loans. Asset growth was noted, with total assets reaching $18.62 billion, and total loans at $10.05 billion as of March 31, 2022.
Home BancShares, Inc. (NYSE: HOMB) announced that its subsidiary, Centennial Bank, has been recognized by Forbes as one of The World’s Best Banks 2022 for the third consecutive year. On February 9, 2022, Centennial was also ranked the #1 Bank in America. This recognition follows a survey conducted by Forbes and Statista involving over 45,000 consumers assessing trust, fees, customer service, digital services, and financial advice. Centennial Bank's repeated accolades highlight its strong customer relations and service quality.
Home BancShares, Inc. (HOMB) has successfully completed its acquisition of Happy Bancshares, Inc. for approximately $961.9 million, effective April 1, 2022. Happy, as of December 31, 2021, held $6.81 billion in total assets and $5.81 billion in deposits. This merger enhances Home’s branch network to 222 branches across several states, including a significant entry into Texas. The company aims to leverage synergies and expand its market presence, with the deal expected to be immediately accretive.
Home BancShares, Inc. (NYSE: HOMB) will release its First Quarter 2022 earnings on April 21, 2022, before market opening. A conference call to discuss these earnings will occur at 1:00 p.m. CT on the same day. Participants can pre-register for the call via a provided link for both webcast and live call options. Those without internet access can listen by calling 1-844-200-6205. The earnings call will also be available for replay until April 28, 2022. Home BancShares operates through its subsidiary, Centennial Bank, offering various banking services across multiple states.
Home BancShares, Inc. (NYSE: HOMB) will engage in a panel discussion titled ‘Banking Unplugged’ at the 2022 RBC Capital Markets Global Financial Institutions Virtual Conference on March 8, 2022, at 3:00 p.m. CT. The event will be broadcast live and can be accessed through the Company’s website under Investor Relations. A recorded version of the discussion will be available within 12 hours of the event and accessible for one year. Home BancShares, based in Conway, Arkansas, provides a wide range of banking services across several states.