earnings
confidence high
sentiment negative
materiality 0.65
Home BancShares Q3 net income $100.0M, EPS $0.50; hurricane reserve boosted
HOME BANCSHARES INC
2024-Q3 EPS reported
$1.51
- Net income of $100.0M ($0.50 diluted EPS); adjusted EPS also $0.50.
- Total revenue (net) $258.0M, up from $245.4M YoY; NIM expanded to 4.28%.
- Recorded $18.9M credit loss expense, including $16.7M hurricane reserve related to Hurricane Helene.
- Loans grew $42.5M in Q3; non-performing assets to total assets 0.63% vs 0.42% a year ago.
- Tangible book value per share rose to $12.67 from $10.90 YoY; CET1 ratio 14.7%.