Home Bancshares Stock Price, News & Analysis

Home BancShares, Inc. (NASDAQ GS: HOMB) reported a net income of $75.0 million for Q3 2021, reflecting a decline from $79.1 million in Q2 2021. Total revenue increased slightly to $173.8 million. The company maintained an ROA of 1.68% and ROE of 10.97%. Non-performing assets to total assets decreased to 0.29%. Additionally, loans recorded an increase of $55 million ex-PPP. The acquisition of Happy Bancshares is set to close in Q1 2022, pending approvals.

Home BancShares, Inc. (NASDAQ-GS: HOMB) announced plans to release its Third Quarter 2021 earnings on October 21, 2021, before market opening. They will conduct a conference call to discuss these earnings at 1:00 p.m. CT (2:00 p.m. ET) on the same day. Participants are encouraged to pre-register for the call to receive dial-in instructions and a unique PIN. The company provides a range of banking services through its subsidiary, Centennial Bank, which operates branches across several states. Investors are reminded of potential risks affecting future results.

Centennial Bank has partnered with FINBOA to implement a Reg E Dispute Tracking solution, enhancing efficiency and compliance for the bank's operations. The move is motivated by the increasing challenges from electronic payment fraud and the need to streamline dispute processing across its 800-strong workforce. FINBOA's system promises to reduce paper waste and expedite compliance checks through automation, satisfying the bank's customized needs and improving customer experience. This partnership aims to strengthen operational effectiveness and security.

Home BancShares (NASDAQ: HOMB) will acquire Happy Bancshares in an all-stock merger valued at approximately $919 million. Happy Bancshares shareholders will receive 2.17 shares of Home BancShares for each share owned, translating to a per-share consideration of $47.24. This merger allows Home BancShares to access the high growth Texas market, enhancing its capabilities and positioning as a major Southern institution. Expected synergies will lead to a 5.5% increase in earnings per share in 2022 and 9.2% in 2023. The transaction is expected to close in Q1 2022, subject to regulatory approvals.

Home BancShares, Inc. (HOMB) announced a quarterly cash dividend of $0.14 per share, payable on September 1, 2021. Shareholders of record by August 11, 2021 will receive this dividend, which remains consistent with the prior quarters of 2021. As a bank holding company, it operates through Centennial Bank, providing a wide range of financial services across several states, including Arkansas and Florida.

Home BancShares, Inc. (NASDAQ GS: HOMB) reported a net income of $79.1 million for Q2 2021, down from $91.6 million in Q1. Total revenue was $172.4 million, a decline from $193.4 million in the prior quarter. The bank's net interest margin decreased to 3.61% from 4.02%, and the allowance for credit losses on loans stood at 2.36%. Despite these declines, the net income for the first half of 2021 reached a record $170.7 million, or $1.03 earnings per share. Total deposits increased to $13.89 billion as of June 30, 2021.

Home BancShares, Inc. (HOMB) has appointed Audra Foster as the Director of Corporate Social Responsibility at its subsidiary, Centennial Bank. This initiative aims to enhance strategic ESG initiatives within the bank. Tracy French, CEO of Centennial Bank, emphasized the importance of a formalized program to keep ESG initiatives a priority. Foster, who has been with the bank for 20 years, looks forward to expanding existing programs and collaborating with stakeholders. The release includes forward-looking statements regarding business operations and potential risks, including economic conditions and regulatory changes.

Home BancShares, Inc. (NASDAQ-GS: HOMB) announced it will release its Second Quarter 2021 earnings on July 15, 2021, prior to the market opening. A conference call to discuss the earnings will be held at 1:00 p.m. CT (2:00 p.m. ET) on the same day. Investors and analysts are encouraged to pre-register for the call, which will also be available via a replay until July 22, 2021. The company operates Centennial Bank, providing a range of banking services across multiple states.

Home BancShares, Inc. (NASDAQ: HOMB) announced a quarterly cash dividend of $0.14 per share, payable on June 2, 2021, to shareholders of record on May 12, 2021. This dividend maintains the same rate as the first quarter of 2021. Home BancShares operates through its subsidiary, Centennial Bank, which offers extensive banking services across Arkansas, Florida, South Alabama, and New York City. The company remains focused on navigating challenges posed by economic conditions and the ongoing COVID-19 pandemic.