AMP News Finance & Banking

3Q Profit Up for Home BancShares by 22 Percent

Home BancShares Inc. of Conway on Thursday reported record quarterly profit of $43.6 million, up 22 percent from $35.7 million in the same quarter last year, according to Arkansas Business.

It was the 22nd straight quarter of record quarterly performance for the parent company of Centennial Bank. Third-quarter diluted earnings per share reached 31 cents, up from 26 cents diluted earnings per share (split adjusted) in the same quarter last year.

During the quarter, the company reported $90.1 million in organic loan growth, a core efficiency ratio of 36.51 percent and a quarterly return on assets, excluding FDIC loss share buy-out, of 1.90 percent.

Total loans receivable were $7.11 billion at Sept. 30, compared to $6.64 billion at Dec. 31. Total deposits were $6.84 billion, compared to $6.44 billion, and total assets were $9.76 billion, compared to $9.29 billion.

Leave a Comment