Home BancShares, Inc. - HOMB STOCK NEWS

Home BancShares, based in Conway, Arkansas, reported its fourth-quarter earnings for 2022, revealing a net income of $115.7 million, or $0.57 per share, up from $108.7 million in Q3 2022. Total revenue reached $272.3 million, compared to $256.3 million in the previous quarter. The company's return on assets stood at 1.98% and return on equity at 13.29%. Notably, loans grew by $580 million during this period, increasing the loan yield to 6.23%. Non-performing assets remained stable at 0.27% of total assets. Total deposits decreased to $17.94 billion. The company plans a conference call to discuss these results.

Home BancShares, Inc. (NYSE: HOMB) will announce its Fourth Quarter 2022 earnings on January 19, 2023, before market opening. The company encourages participants to pre-register for a conference call at 1:00 p.m. CT to discuss these earnings. This call will be accessible online or via a dial-in option. Home BancShares is headquartered in Conway, Arkansas, and operates through its subsidiary, Centennial Bank, which serves various markets across several states. The upcoming earnings release is anticipated to provide key financial insights into the company's performance.

Home BancShares, Inc. will participate in a Fireside Chat at the Stephens Annual Investment Conference on November 15, 2022, at 1:00 p.m. CT. The event can be accessed live via a provided link, and a replay will be available for 90 days. Headquartered in Conway, Arkansas, Home BancShares operates through its subsidiary, Centennial Bank, which offers diverse banking services across several states including Arkansas, Florida, and Texas. The Company's common stock trades under the symbol HOMB on the NYSE.

Home BancShares, Inc. (NYSE: HOMB) announced a quarterly cash dividend of $0.165 per share, payable on December 7, 2022, with a record date of November 16, 2022. This represents a 17.9% increase from the $0.14 dividend paid in Q4 2021. The company, based in Conway, Arkansas, operates Centennial Bank, providing a range of banking and financial services across various states, including Arkansas, Florida, Texas, and New York City.

Home BancShares, Inc. (NYSE: HOMB) has settled a lawsuit against ServisFirst Bank and four former employees, receiving $15 million. This suit stemmed from claims related to non-compete breaches following Home's acquisition of Bay Cities Bank in 2015. The lawsuit, initiated in 2016, was pending in Florida's District Court and had progressed towards a jury trial. Despite the settlement, ServisFirst and the former employees do not admit any wrongdoing. The company emphasizes its commitment to safeguarding shareholder interests.

Home BancShares reported a record net income of $108.7 million for Q3 2022, marking a significant increase from $16 million in Q2 2022. The total revenue reached $256.3 million, up from $243.3 million. Adjusted earnings per share were $0.54. The net interest margin improved to 4.05% compared to 3.64% in Q2 2022. However, total loans decreased to $13.83 billion from $13.92 billion, and total deposits fell to $18.54 billion from $19.58 billion.

Home BancShares, Inc. (NYSE: HOMB) announced it will release its Third Quarter 2022 earnings on October 20, 2022, before market opening. A conference call for earnings review is scheduled for the same day at 1:00 p.m. CT (2:00 p.m. ET). Participants are encouraged to pre-register for the call via provided links to ensure immediate access. The call will also be available live on the company's website and will have a replay until October 27, 2022. Home BancShares operates Centennial Bank, offering various banking services across multiple states.

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.