Picture of Home BancShares logo

HOMB — Home BancShares News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsBalancedLarge CapSuper Stock

Regional lender Home BancShares' Q3 profit beats estimates

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

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$277.70 mln$269.82 mln (7 Analysts)
Q3 Adjusted EPSBeat$0.61$0.59 (9 Analysts)
Q3 EPS$0.63
Q3 Adjusted Net IncomeBeat$119.70 mln$117.84 mln (8 Analysts)
Q3 Net Income$123.60 mln
Q3 Pretax Profit$159.30 mln
Q3 ROE11.91%
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.)

Recent news on Home BancShares

See all news