STOCK TITAN

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.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.53%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
Tags
dividends
-
Rhea-AI Summary

Home BancShares, parent of Centennial Bank, announced record earnings for Q1 2021, with net income rising to $91.6 million, an increase of 11.99% from Q4 2020. Total revenue reached $193.4 million, reflecting strong operational performance. The company reported an efficiency ratio of 36.60% and a return on average assets (ROA) of 2.22%. Non-performing assets decreased to 0.38% of total assets, contributing to a solid financial position with a 14.30% Common Equity Tier 1 Capital ratio. Management highlighted effective customer service and strategic discipline as key drivers of success.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
Tags
none
-
Rhea-AI Summary

Home BancShares, Inc. (NASDAQ-GS: HOMB) announced it will release first-quarter earnings on April 15, 2021, before the market opens. Following the earnings release, management will host a conference call at 1:00 p.m. CT to discuss the results. Interested participants can pre-register for the call and receive access instructions. For those unable to pre-register, a dial-in option is available. The call will also be accessible live and recorded on the company's website. Forward-looking statements regarding future expectations are included, highlighting inherent risks and uncertainties.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
Rhea-AI Summary

Home BancShares, Inc. (NASDAQ: HOMB) will participate in the 'Banking Unplugged' panel at the RBC Capital Markets 2021 Financial Institutions Conference, scheduled for March 9-10, 2021. The discussion will take place at 3:00 p.m. CT on March 9 and will be available via live webcast on the company’s website. Home BancShares, headquartered in Conway, Arkansas, operates Centennial Bank, providing comprehensive banking services across several states. A recorded version of the panel will be accessible within 24 hours and available for one year.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.1%
Tags
conferences
-
Rhea-AI Summary

Home BancShares, Inc. (NASDAQ: HOMB) announced its participation in a Fireside Chat during the Raymond James 42nd Annual Institutional Investors Conference scheduled for March 1-3, 2021. The presentation will take place on March 2, 2021, at 2:50 p.m. CT (3:50 p.m. ET). Investors can access the live broadcast on the company's website and will have access to a replay for 7 days afterward. Home BancShares is headquartered in Conway, Arkansas, with Centennial Bank as its wholly-owned subsidiary, offering a range of banking services across several states.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.77%
Tags
conferences
-
Rhea-AI Summary

Home BancShares (HOMB) announced a quarterly cash dividend of $0.14 per share, payable on March 10, 2021. This dividend marks a 7.7% increase from the $0.13 paid in Q1 2020 and matches the dividend from Q4 2020. Shareholders must be on record by February 17, 2021.

Home BancShares is the parent company of Centennial Bank, which provides a range of banking services across several states, including Arkansas and Florida. The company’s stock trades on NASDAQ under the symbol HOMB.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.82%
Tags
dividends
Rhea-AI Summary

Home BancShares, Inc. (NASDAQ: HOMB) appointed Larry W. Ross to its Board of Directors, filling the last open seat. Ross brings over 30 years of executive experience from AT&T/Southwestern Bell and has been a member of the Centennial Bank Little Rock Region Advisory Board since 2005. He emphasized the importance of community banking in enhancing quality of life and expressed his commitment to maintaining the bank's performance and customer service standards. This leadership change may positively impact governance and stakeholder relations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
management

FAQ

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

The current stock price of Home BancShares (HOMB) is $30.21 as of January 29, 2025.

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

The market cap of Home BancShares (HOMB) is approximately 6.1B.

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.
Home BancShares, Inc.

Nasdaq:HOMB

HOMB Rankings

HOMB Stock Data

6.09B
184.03M
7.34%
69.67%
2.19%
Banks - Regional
State Commercial Banks
Link
United States of America
CONWAY