M&A
confidence high
sentiment positive
materiality 0.70
Home BancShares completes Happy Bancshares acquisition; audited financials show Happy net income of $87.4M in 2021
HOME BANCSHARES INC
- Happy Bancshares had total assets of $6.81B and net income of $87.4M for 2021.
- Happy's loan portfolio (net) was $3.59B; total deposits were $5.81B.
- Pro forma combined financial statements include balance sheet as of Dec 31, 2021 and income statement for FY 2021.
- Acquisition closed April 1, 2022; this 8-K/A provides audited historical and pro forma data required by Item 9.01.