earnings
confidence high
sentiment positive
materiality 0.80
Home BancShares reports Q2 2022 adjusted EPS $0.47; total revenue $243.3M, NIM expands to 3.64%
HOME BANCSHARES INC
2022-Q2 EPS reported
$0.44
- Net income (GAAP) $16.0M ($0.08 EPS) includes $107.3M in merger-related charges from Happy acquisition.
- Adjusted net income $97.0M ($0.47 EPS); total revenue (net) $243.3M, up from $161.8M in Q1 2022.
- Net interest margin improved to 3.64% from 3.21% QoQ, aided by rising rates and Happy acquisition.
- Happy Bancshares acquisition closed April 1, 2022; added $3.65B in loans and $961.3M in stock issued.
- Non-performing assets to total assets remained low at 0.25%; tangible book value per share $9.92.