Overview
Home BancShares Q3 revenue beats analyst expectations, reflecting strong operational performance
Adjusted EPS for Q3 exceeds consensus, indicating effective management and growth
Company's adjusted net income surpasses analyst estimates, demonstrating robust performance
Outlook
Home BancShares did not provide specific financial guidance for future periods in the press release.
Result Drivers
NET INTEREST INCOME - Increased by $4.8 mln due to higher loan income and decreased interest expenses
LOAN GROWTH - Organic loan growth of $164.8 mln in community banking footprint
CREDIT QUALITY - Non-performing assets decreased to 0.56% of total assets, reflecting strong credit quality
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$277.70 mln
$269.82 mln (7 Analysts)
Q3 Adjusted EPS
Beat
$0.61
$0.59 (9 Analysts)
Q3 EPS
$0.63
Q3 Adjusted Net Income
Beat
$119.70 mln
$117.84 mln (8 Analysts)
Q3 Net Income
$123.60 mln
Q3 Pretax Profit
$159.30 mln
Q3 ROE
11.91%
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Home BancShares Inc is $33.50, about 18.1% above its October 15 closing price of $27.45
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nGNX59Lq4j
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)