other material
confidence high
sentiment positive
materiality 0.75
Home BancShares Q4 prelim net income ahead of consensus; plans $300M notes offering
HOME BANCSHARES INC
- Q4 2021 net income and diluted EPS expected in line with Q3 and ahead of Wall Street consensus estimates.
- Revenue down slightly due to lower PPP accretion income; no provision for credit losses expected in Q4.
- Company plans $300M fixed-to-floating rate subordinated notes due 2032; proceeds for general corporate purposes including debt repayment and acquisition funding.
- Unaudited pro forma combined financials with Happy Bancshares filed; all-stock merger valued at ~42.3M shares at $24.05/share.
- Merger with Happy remains subject to regulatory approvals and other conditions; pro forma total assets of ~$24.5B as of Sep 30, 2021.