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Home BancShares, Inc. - HOMB STOCK NEWS

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. (Conway, AR) is a prominent bank holding company that operates through its wholly-owned subsidiary, Centennial Bank. The company is well-regarded for offering an extensive range of commercial and retail banking services to a diverse clientele. These clients include businesses, real estate developers, investors, individuals, and municipalities.

Home BancShares provides various deposit products such as checking, savings, NOW, demand, and money market accounts along with certificates of deposit. Their loan portfolio is notably diversified, featuring non-farm/non-residential real estate, construction/land development, residential mortgage, consumer, agricultural, and commercial and industrial loans.

In the realm of technology, Home BancShares offers advanced internet banking, mobile banking, and voice response information services. Their financial solutions also encompass cash management, overdraft protection, direct deposit, and automatic account transfer services. For added convenience and security, the company provides safe deposit boxes and issues United States savings bonds.

Home BancShares is also active in the insurance sector, writing policies for commercial and personal lines such as property, casualty, life, health, and employee benefits. The organization places a strong emphasis on growth through both strategic acquisitions and organic expansion within existing markets. Their focus on attracting experienced bankers, maintaining high credit quality, and ensuring a solid balance sheet underscores their commitment to sustainable growth.

For more current updates, financial conditions, partnerships, and ongoing projects, stakeholders can consult the latest news releases.

News

Home BancShares, Inc. Announces Second Quarter Cash Dividend

Rhea-AI Summary
Home BancShares, Inc. (NYSE: HOMB) declares a $0.18 per share quarterly cash dividend, consistent with 2023 dividends. The dividend is payable on June 5, 2024, to shareholders of record by May 15, 2024. The company's wholly-owned subsidiary, Centennial Bank, offers banking and financial services across multiple states.
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All Operating Metrics Up and Expenses Down, Great Start at HOMB

Rhea-AI Summary
Home BancShares, Inc. (NYSE: HOMB) reported positive quarterly earnings with net income of $100.1 million and total revenue of $246.4 million for Q1 2024. The company saw improvements in net interest income, revenue, EPS, loans, and deposits while reducing non-interest expenses by $3 million. Liquidity remained strong with $5.77 billion available. Operating metrics improved, but the net interest margin was impacted by excess liquidity. Non-interest income was $41.8 million, and non-interest expenses totaled $111.5 million. Financially, total loans were $14.51 billion, deposits were $16.87 billion, and total assets were $22.84 billion. Stockholders' equity increased to $3.81 billion, with book value per share at $18.98. The company has branches in multiple states and will hold a conference call to discuss the results.
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Home BancShares, Inc. Announces First Quarter Earnings Release Date and Conference Call

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Home BancShares, Inc. (HOMB) announced the release of First Quarter 2024 earnings on April 18, 2024, with a subsequent conference call for review. The company encourages participants to pre-register for the webcast or live call.
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Home BancShares, Inc. Announces First Quarter Cash Dividend

Rhea-AI Summary
Home BancShares, Inc. (NYSE: HOMB) has declared a regular $0.18 per share quarterly cash dividend, consistent with 2023 dividends. The bank holding company, headquartered in Conway, Arkansas, operates Centennial Bank, providing a range of banking and financial services across several states. The cash dividend is payable on March 6, 2024, to shareholders of record on February 14, 2024.
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Results of West Texas Headwinds and FDIC Surprise 4th Quarter Assessment Only Things Standing Between HOMB and Expected 2023 Goal of $400 Million Plus

Rhea-AI Summary
Home BancShares, Inc. released their quarterly earnings, reporting net income of $86.2 million for Q4 2023. The company faced obstacles due to unethical actions in West Texas and a surprise FDIC assessment, resulting in $13 million expense. The company held $2.12 billion in net available internal liquidity and $3.47 billion in net available external liquidity as of December 31, 2023. The company's total assets were $22.66 billion at the end of 2023, with total loans receivable of $14.42 billion and total deposits of $16.79 billion. The company experienced approximately $152.9 million in loan growth during the fourth quarter of 2023.
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Home Bancshares, Inc. Announces Fourth Quarter Earnings Release Date and Conference Call

Rhea-AI Summary
Home BancShares, Inc. (NYSE: HOMB) expects to release Fourth Quarter 2023 earnings before the market opens on January 18, 2024. Management will conduct a conference call to review these earnings at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, January 18, 2024.
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Home BancShares, Inc. to Participate in Fireside Chat at Stephens Annual Investment Conference

Rhea-AI Summary
Home BancShares, Inc. (NYSE: HOMB) announces participation in Fireside Chat at Stephens Annual Investment Conference on November 14, 2023. The chat will be accessible live and via replay. Home BancShares, Inc. is a bank holding company with a subsidiary, Centennial Bank, providing banking and financial services in multiple states.
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Home BancShares, Inc. Announces Fourth Quarter Cash Dividend

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Home BancShares, Inc. announces a 9.1% increase in quarterly cash dividend
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HOMB on Track for $400 Million Year

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Home BancShares, Inc. (NYSE: HOMB) released its quarterly earnings report for the Third Quarter of 2023.
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Home BancShares, Inc. Announces Third Quarter Earnings Release Date and Conference Call

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Home BancShares, Inc. (HOMB) to release Q3 2023 earnings on October 19, 2023.
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FAQ

What is the current stock price of Home BancShares (HOMB)?

The current stock price of Home BancShares (HOMB) is $31.66 as of November 22, 2024.

What is the market cap of Home BancShares (HOMB)?

The market cap of Home BancShares (HOMB) is approximately 6.3B.

What is Home BancShares, Inc.?

Home BancShares, Inc. is a bank holding company that operates through its subsidiary, Centennial Bank, providing a range of commercial and retail banking services.

Where is Home BancShares, Inc. based?

Home BancShares, Inc. is headquartered in Conway, Arkansas.

What types of banking services does Home BancShares offer?

The company offers a variety of services including checking, savings, NOW, demand, and money market accounts, as well as certificates of deposit and diverse loans.

Who are the primary customers of Home BancShares?

Their customer base includes businesses, real estate developers and investors, individuals, and municipalities.

What kinds of loans does Home BancShares provide?

The loan portfolio includes non-farm/non-residential real estate, construction/land development, residential mortgage, consumer, agricultural, and commercial and industrial loans.

Does Home BancShares offer internet and mobile banking?

Yes, Home BancShares provides internet banking, mobile banking, and voice response information services.

What insurance services does Home BancShares provide?

The company writes policies for commercial and personal lines such as property, casualty, life, health, and employee benefits.

How does Home BancShares aim to grow?

The company focuses on growth through strategic acquisitions and organic expansion within existing markets.

What's the emphasis of Home BancShares' growth strategy?

Their growth strategy emphasizes attracting experienced bankers, maintaining high credit quality, and ensuring a solid balance sheet.

How can I get the latest news about Home BancShares?

You can obtain the latest updates and information by consulting the company's news releases or contacting their Investor Relations department.

Stock HOMB logo
Home BancShares, Inc.

NYSE:HOMB

HOMB Rankings

#1153 Ranked by Market Cap
#1201 Ranked by Dividends

HOMB Stock Data

6.26B
184.11M
7.39%
69.98%
2.04%
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