Home BancShares, Inc. (NASDAQ:HOMB), parent company of Centennial
Bank, today announced record quarterly loan originations of $957.9
million with a loan yield of 5.66% resulting in $198.8 million of
organic loan growth. The Company reported record
quarterly profit of $76.0 million, record pre-tax income of $100.3
million and record diluted earnings per share of $0.44 per
share. Additionally, the Company’s performance ratios showed
continued improvement with a net interest margin of 4.47%, return
on average assets of 2.13%, return on average common equity of
13.54%, return on average tangible common equity excluding
intangible amortization (non-GAAP)1 of 24.27%, and an efficiency
ratio of 36.74%.
“I have no complaints about our results for this
quarter. They were outstanding,” said John Allison,
Chairman. “Our average assets have grown $3.77 billion or,
36%, while net income has grown approximately $26 million, or 52%,
and EPS increased $0.09, or 26%, compared to prior year. In
addition, the loan portfolio increased $572.2 million, or 5.5%,
through $198.8 million of organic loan growth and the acquisition
of Shore Premier Finance this quarter.”
“We achieved an impressive return on average
assets of 2.13% for the second quarter. We also maintained strong
asset quality while growing the portfolio with non-performing loans
to total loans of 0.52% and non-performing assets to total assets
of 0.50%,” added Tracy French, Centennial Bank President and Chief
Executive Officer. “We are excited to add Shore Premier
Finance to the Centennial family and look forward to growing our
new marine lending division.”
1 The calculation of this metric and the
reconciliation to generally accepted accounting principles (“GAAP”)
is included in the schedules accompanying this release. “We are
once again proud to report our most profitable quarter in the
Company’s history,” said Randy Sims, Home BancShares, Inc. Chief
Executive Officer. “We had record net interest income with
the majority of the organic loan growth being recorded late in the
quarter. With our acquisition of Shore Premier Finance plus
our organic loan growth, the Company’s daily run rate continues to
improve. Plus, our team has continued to control expenses
improving our efficiency ratio from an impressive 37.48% for the
second quarter of 2017 to an incredible 36.74% for the second
quarter of 2018. This becomes even more impressive
considering the recent conversion of Stonegate in February and our
ability to quickly reap the dividends of consolidation.”
Operating Highlights
Net interest margin, on a fully taxable
equivalent basis, was 4.47% for the quarter just ended compared to
4.46% for the first quarter of 2018. During the quarter, the
Company originated loans with an average loan yield of 5.66%
compared to loan payoffs with a yield of 5.13%.
The Company recorded a provision for loan loss
of $2.7 million during the second quarter of 2018 compared to
$387,000 in the second quarter of 2017. The Company continues
to see improvement in asset quality. Non-performing loans to
total loans was 0.52% as of June 30, 2018 compared to 0.60% as of
June 30, 2017, an improvement of 13.3%. Non-performing assets to
total assets also improved from 0.60% as of June 30, 2017 to 0.50%
as of June 30, 2018, an improvement of 16.7%. For the second
quarter of 2018, net charge-offs were $1.4 million compared to net
charge-offs of $1.7 million for the first quarter of 2018.
The Company reported $27.7 million of
non-interest income for the second quarter of 2018. The most
important components of the second quarter non-interest income were
$9.8 million from other service charges and fees, $6.8 million from
service charges on deposits accounts, $3.5 million from mortgage
lending income, and $3.1 million from other income.
Non-interest expense for the second quarter of
2018 was $63.2 million. The most important components of the
second quarter non-interest expense were $34.5 million from
salaries and employee benefits, $16.9 million in other expense and
$8.5 million in occupancy and equipment expenses. For the
second quarter of 2018, our efficiency ratio improved to 36.74%
from 37.48% reported for the second quarter of 2017.
Financial Condition
Total loans receivable were $10.90 billion at
June 30, 2018 compared to $10.33 billion at December 31,
2017. Total deposits were $10.74 billion at June 30, 2018
compared to $10.39 billion at December 31, 2017. Total assets
were $14.92 billion at June 30, 2018 compared to $14.45 billion at
December 31, 2017.
From March 31, 2018 to June 30, 2018, the
Company experienced approximately $198.8 million in organic loan
growth. Centennial CFG produced $140.3 million of organic
loan growth and had loans of $1.65 billion at June 30, 2018.
Our legacy footprint produced approximately 81% of the $957.9
million in loan originations during the second quarter of 2018.
Non-performing loans at June 30, 2018 were $13.0
million, $43.0 million, $52,000, $776,000 and zero in the Arkansas,
Florida, Alabama, Shore Premier and Centennial CFG markets,
respectively, for a total of $56.8 million. Non-performing
assets at June 30, 2018 were $21.0 million, $51.5 million, $1.4
million, $776,000 and zero in the Arkansas, Florida, Alabama, Shore
Premier and Centennial CFG markets, respectively, for a total of
$74.6 million.
The Company’s allowance for loan losses was
$111.5 million at June 30, 2018, or 1.02% of total loans, compared
to $110.3 million, or 1.07% of total loans, at December 31, 2017.
This decrease is primarily the result of acquiring the Shore
Premier Finance loans which do not have an associated allowance for
loan losses as a result of purchase accounting requiring them to be
marked to fair value at acquisition. As of June 30, 2018, and
December 31, 2017, the Company’s allowance for loan losses was 196%
and 247% of its total non-performing loans, respectively.
Stockholders’ equity was $2.31 billion at June
30, 2018 compared to $2.20 billion at December 31, 2017, an
increase of $109.7 million. The increase in stockholders’ equity is
primarily associated with the $111.9 million increase in retained
earnings as well as the issuance of 1.25 million shares of stock
with a value of $28.2 million as part of the acquisition of Shore
Premier Finance which were partially offset by $20.2 million of
comprehensive loss and the repurchase of $15.0 million of our
common stock during 2018. Book value per common share was $13.26 at
June 30, 2018 compared to $12.70 at December 31, 2017.
Tangible book value per common share was $7.52 at June 30, 2018
compared to $7.07 at December 31, 2017, an annualized increase of
12.8%.
Branches
During the second quarter of 2018, the Company
opened one branch location in Jonesboro, Arkansas, and the Company
plans to open a loan production office in Chesapeake, Virginia
under the management of Shore Premier Finance during the 3rd
quarter of 2018. The Company currently has 77 branches in
Arkansas, 76 branches in Florida, 5 branches in Alabama and one
branch in New York City.
Conference Call
We encourage all participants to pre-register
for the conference call using the following link:
http://dpregister.com/10121421. Callers who pre-register will
be given dial-in instructions and a unique PIN to gain immediate
access to the live call. Participants may pre-register now,
or at any time prior to the call, and will immediately receive
simple instructions via email. The Home BancShares conference
call will also be automatically scheduled as an event in your
Outlook calendar.
Those without internet access or unable to
pre-register may dial in and listen to the live call by calling
1-877-508-9586 and asking for the Home BancShares conference
call. A replay of the call will be available by calling
1-877-344-7529, Passcode: 10121421, which will be available until
July 26, 2018 at 10:59 p.m. CT (11:59 ET). Internet access to
the call will be available live or in recorded version on the
Company's website at www.homebancshares.com.
Non-GAAP Financial Measures
This press release contains financial
information determined by methods other than in accordance with
generally accepted accounting principles (GAAP). The Company’s
management uses these non-GAAP financial measures--including
earnings, as adjusted; return on average assets excluding
intangible amortization; return on average assets, as adjusted;
return on average common equity excluding intangible amortization;
efficiency ratio, as adjusted; tangible book value per common
share; and the tangible common equity to tangible assets ratio--to
provide meaningful supplemental information regarding our
performance. These measures typically adjust GAAP performance
measures to include the tax benefit associated with revenue items
that are tax-exempt, as well as adjust income available to common
shareholders for certain significant items or transactions.
Since the presentation of these GAAP performance measures and their
impact differ between companies, management believes presentations
of these non-GAAP financial measures provide useful supplemental
information that is essential to a proper understanding of the
operating results of the Company’s business. These non-GAAP
disclosures should not be viewed as a substitute for operating
results determined in accordance with GAAP, nor are they
necessarily comparable to non-GAAP performance measures that may be
presented by other companies. Where non-GAAP financial
measures are used, the comparable GAAP financial measure, as well
as the reconciliation to the comparable GAAP financial measure, can
be found in the tables of this release.
General
This release contains forward-looking statements
regarding the benefits of the Company’s acquisition of Shore
Premier Finance (“SPF”) and the Company’s plans, expectations,
goals and outlook for the future. Statements in this press release
that are not historical facts should be considered forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements of this type speak
only as of the date of this news release. By nature,
forward-looking statements involve inherent risk and uncertainties.
Various factors could cause actual results to differ materially
from those contemplated by the forward-looking statements.
These factors include, but are not limited to, the following:
(i) the risk that the benefits from the acquisition of SPF may not
be fully realized or may take longer to realize than expected,
including as a result of any delay in or failure to receive
regulatory approval of the proposed loan production office through
which SPF will be operated, changes in general economic and market
conditions, interest and exchange rates, monetary policy, laws and
regulations and their enforcement, and the degree of competition in
the geographic and business areas in which the Company and SPF
operate; (ii) the ability to promptly and effectively integrate the
business of SFP into the Company; (iii) the reaction to the
transaction of the Company’s and SPF’s customers, employees and
counterparties; (iv) diversion of management time on
acquisition-related issues; (v) economic conditions, credit
quality, interest rates and loan demand; (vi) the ability to
successfully integrate future acquisitions; (vii) increased
regulatory requirements as a result of our exceeding $10 billion in
total assets; (viii) legislative and regulatory changes; (ix)
technological changes and cybersecurity risks; (x) competition from
other financial institutions; (xi) changes in the assumptions used
in making the forward-looking statements; and (xii) other factors
described in reports we file with the Securities and Exchange
Commission (the “SEC”), including those factors set forth in our
Annual Report on Form 10-K for the year ended December 31, 2017
filed with the SEC on February 27, 2018.
Home BancShares, Inc. is a bank holding company,
headquartered in Conway, Arkansas. Its wholly-owned subsidiary,
Centennial Bank, provides a broad range of commercial and retail
banking plus related financial services to businesses, real estate
developers, investors, individuals and municipalities. Centennial
Bank has branch locations in Arkansas, Florida, South Alabama and
New York City. The Company’s common stock is traded through the
NASDAQ Global Select Market under the symbol “HOMB.”
FOR MORE INFORMATION CONTACT:
Donna TownsellDirector of Investor RelationsHome BancShares,
Inc.(501) 328-4625
|
|
Home BancShares, Inc. |
|
Consolidated End of Period Balance
Sheets |
|
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
Jun. 30, |
Mar. 31, |
Dec. 31, |
Sep. 30, |
Jun. 30, |
|
(In
thousands) |
|
|
2018 |
|
|
2018 |
|
|
2017 |
|
|
2017 |
|
|
2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and due from
banks |
|
$ |
197,658 |
|
$ |
185,479 |
|
$ |
166,915 |
|
$ |
197,953 |
|
$ |
147,041 |
|
|
Interest-bearing
deposits with other banks |
|
|
298,085 |
|
|
325,122 |
|
|
469,018 |
|
|
354,367 |
|
|
313,447 |
|
|
Cash and cash equivalents |
|
|
495,743 |
|
|
510,601 |
|
|
635,933 |
|
|
552,320 |
|
|
460,488 |
|
|
Federal funds
sold |
|
|
500 |
|
|
1,825 |
|
|
24,109 |
|
|
4,545 |
|
|
- |
|
|
Investment
securities - available-for-sale |
|
|
1,718,704 |
|
|
1,693,018 |
|
|
1,663,517 |
|
|
1,575,685 |
|
|
1,400,431 |
|
|
Investment
securities - held-to-maturity |
|
|
204,401 |
|
|
213,731 |
|
|
224,756 |
|
|
234,945 |
|
|
254,161 |
|
|
Loans
receivable |
|
|
10,897,970 |
|
|
10,325,736 |
|
|
10,331,188 |
|
|
10,286,193 |
|
|
7,834,475 |
|
|
Allowance for
loan losses |
|
|
(111,516 |
) |
|
(110,212 |
) |
|
(110,266 |
) |
|
(111,620 |
) |
|
(80,138 |
) |
|
Loans receivable, net |
|
|
10,786,454 |
|
|
10,215,524 |
|
|
10,220,922 |
|
|
10,174,573 |
|
|
7,754,337 |
|
|
Bank premises and
equipment, net |
|
|
234,634 |
|
|
235,607 |
|
|
237,439 |
|
|
239,990 |
|
|
207,071 |
|
|
Foreclosed assets
held for sale |
|
|
17,853 |
|
|
20,134 |
|
|
18,867 |
|
|
21,701 |
|
|
18,789 |
|
|
Cash value of
life insurance |
|
|
147,281 |
|
|
147,424 |
|
|
146,866 |
|
|
146,158 |
|
|
97,684 |
|
|
Accrued interest
receivable |
|
|
45,682 |
|
|
45,361 |
|
|
45,708 |
|
|
41,071 |
|
|
32,445 |
|
|
Deferred tax
asset, net |
|
|
78,435 |
|
|
78,328 |
|
|
76,564 |
|
|
121,787 |
|
|
68,368 |
|
|
Goodwill |
|
|
956,418 |
|
|
927,949 |
|
|
927,949 |
|
|
929,129 |
|
|
420,941 |
|
|
Core deposit and
other intangibles |
|
|
46,101 |
|
|
47,726 |
|
|
49,351 |
|
|
50,982 |
|
|
21,019 |
|
|
Other
assets |
|
|
191,914 |
|
|
186,001 |
|
|
177,779 |
|
|
163,081 |
|
|
136,494 |
|
|
Total
assets |
|
$ |
14,924,120 |
|
$ |
14,323,229 |
|
$ |
14,449,760 |
|
$ |
14,255,967 |
|
$ |
10,872,228 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
Deposits: |
|
|
|
|
|
|
|
Demand and non-interest-bearing |
|
$ |
2,523,553 |
|
$ |
2,473,602 |
|
$ |
2,385,252 |
|
$ |
2,555,465 |
|
$ |
1,957,677 |
|
|
Savings and interest-bearing transaction accounts |
|
|
6,573,902 |
|
|
6,437,408 |
|
|
6,476,819 |
|
|
6,341,883 |
|
|
4,335,456 |
|
|
Time deposits |
|
|
1,638,578 |
|
|
1,485,605 |
|
|
1,526,431 |
|
|
1,551,422 |
|
|
1,474,255 |
|
|
Total deposits |
|
|
10,736,033 |
|
|
10,396,615 |
|
|
10,388,502 |
|
|
10,448,770 |
|
|
7,767,388 |
|
|
Federal funds
purchased |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
Securities sold
under agreements to repurchase |
|
|
139,750 |
|
|
150,315 |
|
|
147,789 |
|
|
149,531 |
|
|
133,741 |
|
|
FHLB and other
borrowed funds |
|
|
1,309,950 |
|
|
1,115,061 |
|
|
1,299,188 |
|
|
1,044,333 |
|
|
1,099,478 |
|
|
Accrued interest
payable and other liabilities |
|
|
55,971 |
|
|
54,845 |
|
|
41,959 |
|
|
38,782 |
|
|
37,751 |
|
|
Subordinated
debentures |
|
|
368,403 |
|
|
368,212 |
|
|
368,031 |
|
|
367,835 |
|
|
357,838 |
|
|
Total
liabilities |
|
|
12,610,107 |
|
|
12,085,048 |
|
|
12,245,469 |
|
|
12,049,251 |
|
|
9,396,196 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders'
equity |
|
|
|
|
|
|
|
Common
stock |
|
|
1,745 |
|
|
1,736 |
|
|
1,736 |
|
|
1,737 |
|
|
1,431 |
|
|
Capital
surplus |
|
|
1,693,337 |
|
|
1,671,141 |
|
|
1,675,318 |
|
|
1,674,642 |
|
|
940,821 |
|
|
Retained
earnings |
|
|
642,540 |
|
|
585,586 |
|
|
530,658 |
|
|
526,448 |
|
|
527,338 |
|
|
Accumulated other
comprehensive (loss) income |
|
|
(23,609 |
) |
|
(20,282 |
) |
|
(3,421 |
) |
|
3,889 |
|
|
6,442 |
|
|
Total stockholders'
equity |
|
|
2,314,013 |
|
|
2,238,181 |
|
|
2,204,291 |
|
|
2,206,716 |
|
|
1,476,032 |
|
|
Total liabilities and stockholders'
equity |
|
$ |
14,924,120 |
|
$ |
14,323,229 |
|
$ |
14,449,760 |
|
$ |
14,255,967 |
|
$ |
10,872,228 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home BancShares,
Inc. |
|
Consolidated Statements
of Income |
|
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter
Ended |
|
Six Months
Ended |
|
|
|
Jun.
30, |
Mar.
31, |
Dec.
31, |
Sep.
30, |
Jun.
30, |
|
Jun.
30, |
Jun.
30, |
|
(In
thousands) |
|
|
2018 |
|
|
2018 |
|
|
2017 |
|
|
2017 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
income |
|
|
|
|
|
|
|
|
|
|
Loans |
|
$ |
152,996 |
|
$ |
148,065 |
|
$ |
147,426 |
|
$ |
113,269 |
|
$ |
112,732 |
|
$ |
301,061 |
|
$ |
218,494 |
|
Investment
securities |
|
|
|
|
|
|
|
|
|
|
Taxable |
|
|
8,979 |
|
|
8,970 |
|
|
7,793 |
|
|
7,071 |
|
|
6,434 |
|
|
17,949 |
|
|
11,912 |
|
Tax-exempt |
|
|
3,368 |
|
|
3,006 |
|
|
3,025 |
|
|
3,032 |
|
|
2,966 |
|
|
6,374 |
|
|
5,910 |
|
Deposits - other
banks |
|
|
1,206 |
|
|
929 |
|
|
736 |
|
|
538 |
|
|
727 |
|
|
2,135 |
|
|
1,035 |
|
Federal funds
sold |
|
|
12 |
|
|
6 |
|
|
1 |
|
|
3 |
|
|
4 |
|
|
18 |
|
|
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest
income |
|
|
166,561 |
|
|
160,976 |
|
|
158,981 |
|
|
123,913 |
|
|
122,863 |
|
|
327,537 |
|
|
237,357 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
expense |
|
|
|
|
|
|
|
|
|
|
Interest on
deposits |
|
|
18,164 |
|
|
14,806 |
|
|
12,946 |
|
|
8,535 |
|
|
6,810 |
|
|
32,970 |
|
|
12,296 |
|
Federal funds
purchased |
|
|
- |
|
|
1 |
|
|
1 |
|
|
- |
|
|
- |
|
|
1 |
|
|
- |
|
FHLB borrowed
funds |
|
|
4,245 |
|
|
4,580 |
|
|
3,806 |
|
|
3,408 |
|
|
3,710 |
|
|
8,825 |
|
|
7,299 |
|
Securities sold
under agreements to repurchase |
|
|
372 |
|
|
376 |
|
|
325 |
|
|
232 |
|
|
196 |
|
|
748 |
|
|
361 |
|
Subordinated
debentures |
|
|
5,168 |
|
|
5,004 |
|
|
4,934 |
|
|
4,969 |
|
|
4,795 |
|
|
10,172 |
|
|
5,234 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest
expense |
|
|
27,949 |
|
|
24,767 |
|
|
22,012 |
|
|
17,144 |
|
|
15,511 |
|
|
52,716 |
|
|
25,190 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest
income |
|
|
138,612 |
|
|
136,209 |
|
|
136,969 |
|
|
106,769 |
|
|
107,352 |
|
|
274,821 |
|
|
212,167 |
|
Provision for
loan losses |
|
|
2,722 |
|
|
1,600 |
|
|
4,926 |
|
|
35,023 |
|
|
387 |
|
|
4,322 |
|
|
4,301 |
|
Net interest income
after |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
provision for loan
losses |
|
|
135,890 |
|
|
134,609 |
|
|
132,043 |
|
|
71,746 |
|
|
106,965 |
|
|
270,499 |
|
|
207,866 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-interest
income |
|
|
|
|
|
|
|
|
|
|
Service charges
on deposit accounts |
|
|
6,780 |
|
|
6,075 |
|
|
6,566 |
|
|
6,408 |
|
|
5,966 |
|
|
12,855 |
|
|
11,948 |
|
Other service
charges and fees |
|
|
9,797 |
|
|
10,155 |
|
|
10,144 |
|
|
8,490 |
|
|
8,576 |
|
|
19,952 |
|
|
17,493 |
|
Trust
fees |
|
|
379 |
|
|
446 |
|
|
548 |
|
|
365 |
|
|
309 |
|
|
825 |
|
|
765 |
|
Mortgage lending
income |
|
|
3,477 |
|
|
2,657 |
|
|
3,573 |
|
|
3,172 |
|
|
3,750 |
|
|
6,134 |
|
|
6,541 |
|
Insurance
commissions |
|
|
526 |
|
|
679 |
|
|
466 |
|
|
472 |
|
|
465 |
|
|
1,205 |
|
|
1,010 |
|
Increase in cash
value of life insurance |
|
|
730 |
|
|
654 |
|
|
738 |
|
|
478 |
|
|
463 |
|
|
1,384 |
|
|
773 |
|
Dividends from
FHLB, FRB, Bankers' Bank & other |
|
|
1,600 |
|
|
877 |
|
|
1,030 |
|
|
834 |
|
|
472 |
|
|
2,477 |
|
|
1,621 |
|
Gain on acquisitions |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
3,807 |
|
Gain (loss) on
SBA loans |
|
|
262 |
|
|
182 |
|
|
- |
|
|
163 |
|
|
387 |
|
|
444 |
|
|
575 |
|
Gain (loss) on
branches, equipment and other assets, net |
|
|
- |
|
|
7 |
|
|
2 |
|
|
(1,337 |
) |
|
431 |
|
|
7 |
|
|
375 |
|
Gain (loss) on OREO, net |
|
|
1,046 |
|
|
405 |
|
|
176 |
|
|
335 |
|
|
393 |
|
|
1,451 |
|
|
514 |
|
Gain (loss) on securities, net |
|
|
- |
|
|
- |
|
|
1,193 |
|
|
136 |
|
|
380 |
|
|
- |
|
|
803 |
|
Other
income |
|
|
3,076 |
|
|
3,668 |
|
|
2,856 |
|
|
1,941 |
|
|
2,825 |
|
|
6,744 |
|
|
4,662 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
non-interest income |
|
|
27,673 |
|
|
25,805 |
|
|
27,292 |
|
|
21,457 |
|
|
24,417 |
|
|
53,478 |
|
|
50,887 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-interest
expense |
|
|
|
|
|
|
|
|
|
|
Salaries and
employee benefits |
|
|
34,476 |
|
|
35,014 |
|
|
35,404 |
|
|
28,510 |
|
|
28,034 |
|
|
69,490 |
|
|
55,455 |
|
Occupancy and
equipment |
|
|
8,519 |
|
|
8,983 |
|
|
9,009 |
|
|
7,887 |
|
|
7,034 |
|
|
17,502 |
|
|
13,715 |
|
Data processing
expense |
|
|
3,339 |
|
|
3,986 |
|
|
3,559 |
|
|
2,853 |
|
|
2,863 |
|
|
7,325 |
|
|
5,586 |
|
Other operating
expenses |
|
|
16,894 |
|
|
15,397 |
|
|
15,246 |
|
|
31,596 |
|
|
13,072 |
|
|
32,291 |
|
|
31,388 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
non-interest expense |
|
|
63,228 |
|
|
63,380 |
|
|
63,218 |
|
|
70,846 |
|
|
51,003 |
|
|
126,608 |
|
|
106,144 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income
taxes |
|
|
100,335 |
|
|
97,034 |
|
|
96,117 |
|
|
22,357 |
|
|
80,379 |
|
|
197,369 |
|
|
152,609 |
|
Income tax
expense |
|
|
24,310 |
|
|
23,970 |
|
|
72,808 |
|
|
7,536 |
|
|
30,282 |
|
|
48,280 |
|
|
55,656 |
|
Net
income |
|
$ |
76,025 |
|
$ |
73,064 |
|
$ |
23,309 |
|
$ |
14,821 |
|
$ |
50,097 |
|
$ |
149,089 |
|
$ |
96,953 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home BancShares,
Inc. |
|
Selected Financial
Information |
|
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter
Ended |
|
Six Months
Ended |
|
|
|
|
Jun.
30, |
Mar.
31 |
Dec.
31, |
Sep.
30, |
Jun.
30, |
|
Jun.
30, |
Jun.
30, |
|
(Dollars and shares in thousands,
except per share data) |
|
|
|
2018 |
|
|
2018 |
|
|
2017 |
|
|
2017 |
|
|
2017 |
|
|
|
2018 |
|
|
2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PER SHARE DATA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per
common share |
|
|
$ |
0.44 |
|
$ |
0.42 |
|
$ |
0.13 |
|
$ |
0.10 |
|
$ |
0.35 |
|
|
$ |
0.86 |
|
$ |
0.68 |
|
|
Diluted earnings per
common share excluding gain on acquisitions, merger
expenses, FDIC loss share buy-out expense, reduced provision
for loan losses as a result of a significant loan recovery,
hurricane expenses & effect of tax rate change
(non-GAAP)(1) |
|
|
|
0.44 |
|
|
0.42 |
|
|
0.35 |
|
|
0.32 |
|
|
0.35 |
|
|
|
0.86 |
|
|
0.68 |
|
|
Basic earnings per
common share |
|
|
|
0.44 |
|
|
0.42 |
|
|
0.13 |
|
|
0.10 |
|
|
0.35 |
|
|
|
0.86 |
|
|
0.68 |
|
|
Dividends per share -
common |
|
|
|
0.1100 |
|
|
0.1100 |
|
|
0.1100 |
|
|
0.1100 |
|
|
0.0900 |
|
|
|
0.2200 |
|
|
0.1800 |
|
|
Book value per common
share |
|
|
|
13.26 |
|
|
12.89 |
|
|
12.70 |
|
|
12.71 |
|
|
10.32 |
|
|
|
13.26 |
|
|
10.32 |
|
|
Tangible book value per
common share (non-GAAP)(1) |
|
|
|
7.52 |
|
|
7.27 |
|
|
7.07 |
|
|
7.06 |
|
|
7.23 |
|
|
|
7.52 |
|
|
7.23 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCK INFORMATION |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average common shares
outstanding |
|
|
|
173,403 |
|
|
173,761 |
|
|
173,641 |
|
|
144,238 |
|
|
143,282 |
|
|
|
173,581 |
|
|
142,538 |
|
|
Average diluted shares
outstanding |
|
|
|
173,936 |
|
|
174,383 |
|
|
174,349 |
|
|
144,987 |
|
|
144,116 |
|
|
|
174,168 |
|
|
143,270 |
|
|
End of period common
shares outstanding |
|
|
|
174,511 |
|
|
173,603 |
|
|
173,633 |
|
|
173,666 |
|
|
143,071 |
|
|
|
174,511 |
|
|
143,071 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ANNUALIZED PERFORMANCE METRICS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Return on average
assets |
|
|
|
2.13 |
% |
|
2.08 |
% |
|
0.66 |
% |
|
0.54 |
% |
|
1.86 |
% |
|
|
2.11 |
% |
|
1.86 |
% |
|
Return on average
assets excluding gain on acquisitions, merger expenses, FDIC
loss share buy-out expense, reduced provision for loan
losses as a result of a significant loan recovery, hurricane
expenses & effect of tax rate change (non-GAAP)(1) |
|
|
|
2.13 |
% |
|
2.08 |
% |
|
1.69 |
% |
|
1.70 |
% |
|
1.88 |
% |
|
|
2.11 |
% |
|
1.88 |
% |
|
Return on average
assets excluding intangible amortization (non-GAAP)(1) |
|
|
|
2.32 |
% |
|
2.27 |
% |
|
0.73 |
% |
|
0.59 |
% |
|
1.96 |
% |
|
|
2.30 |
% |
|
1.96 |
% |
|
Return on average
assets excluding intangible amortization, provision for loan
losses, gain on acquisitions, merger expenses, FDIC loss
share buy-out expense, hurricane expenses and income taxes
(ROA, as adjusted) (non-GAAP)(1) |
|
|
|
3.15 |
% |
|
3.07 |
% |
|
3.10 |
% |
|
2.94 |
% |
|
3.19 |
% |
|
|
3.11 |
% |
|
3.25 |
% |
|
Return on average
common equity |
|
|
|
13.54 |
% |
|
13.38 |
% |
|
4.17 |
% |
|
3.88 |
% |
|
13.83 |
% |
|
|
13.46 |
% |
|
13.84 |
% |
|
Return on average
tangible common equity excluding intangible amortization
(non-GAAP)(1) |
|
|
|
24.27 |
% |
|
24.33 |
% |
|
7.78 |
% |
|
5.80 |
% |
|
20.09 |
% |
|
|
24.30 |
% |
|
20.09 |
% |
|
Efficiency ratio |
|
|
|
36.74 |
% |
|
37.83 |
% |
|
37.05 |
% |
|
53.77 |
% |
|
37.48 |
% |
|
|
37.28 |
% |
|
39.12 |
% |
|
Efficiency ratio, as
adjusted (non-GAAP)(1) |
|
|
|
37.03 |
% |
|
37.97 |
% |
|
37.35 |
% |
|
39.12 |
% |
|
37.29 |
% |
|
|
37.49 |
% |
|
37.13 |
% |
|
Net interest margin -
FTE |
|
|
|
4.47 |
% |
|
4.46 |
% |
|
4.47 |
% |
|
4.40 |
% |
|
4.50 |
% |
|
|
4.47 |
% |
|
4.60 |
% |
|
Fully taxable
equivalent adjustment |
|
|
$ |
1,403 |
|
$ |
1,209 |
|
$ |
1,983 |
|
$ |
1,846 |
|
$ |
2,016 |
|
|
$ |
2,612 |
|
$ |
4,027 |
|
|
Total revenue |
|
|
|
194,234 |
|
|
186,781 |
|
|
186,273 |
|
|
145,370 |
|
|
147,280 |
|
|
|
381,015 |
|
|
288,244 |
|
|
Total purchase
accounting accretion |
|
|
|
10,669 |
|
|
10,608 |
|
|
12,397 |
|
|
7,174 |
|
|
8,497 |
|
|
|
21,276 |
|
|
16,145 |
|
|
Average purchase
accounting loan discounts |
|
|
|
153,624 |
|
|
164,122 |
|
|
178,027 |
|
|
97,978 |
|
|
104,384 |
|
|
|
159,443 |
|
|
101,403 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTHER OPERATING EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Advertising |
|
|
$ |
1,142 |
|
$ |
962 |
|
$ |
898 |
|
$ |
795 |
|
$ |
812 |
|
|
$ |
2,104 |
|
$ |
1,510 |
|
|
Merger and acquisition
expenses |
|
|
|
- |
|
|
- |
|
|
- |
|
|
18,227 |
|
|
789 |
|
|
|
- |
|
|
7,516 |
|
|
Amortization of
intangibles |
|
|
|
1,624 |
|
|
1,626 |
|
|
1,631 |
|
|
906 |
|
|
866 |
|
|
|
3,250 |
|
|
1,670 |
|
|
Electronic banking
expense |
|
|
|
1,828 |
|
|
1,878 |
|
|
1,777 |
|
|
1,712 |
|
|
1,654 |
|
|
|
3,706 |
|
|
3,173 |
|
|
Directors' fees |
|
|
|
318 |
|
|
330 |
|
|
313 |
|
|
309 |
|
|
324 |
|
|
|
648 |
|
|
637 |
|
|
Due from bank service
charges |
|
|
|
242 |
|
|
219 |
|
|
254 |
|
|
472 |
|
|
456 |
|
|
|
461 |
|
|
876 |
|
|
FDIC and state
assessment |
|
|
|
2,788 |
|
|
1,608 |
|
|
1,476 |
|
|
1,293 |
|
|
1,182 |
|
|
|
4,396 |
|
|
2,470 |
|
|
Insurance |
|
|
|
714 |
|
|
887 |
|
|
814 |
|
|
577 |
|
|
543 |
|
|
|
1,601 |
|
|
1,121 |
|
|
Legal and
accounting |
|
|
|
858 |
|
|
778 |
|
|
1,194 |
|
|
698 |
|
|
474 |
|
|
|
1,636 |
|
|
1,101 |
|
|
Other professional
fees |
|
|
|
1,601 |
|
|
1,639 |
|
|
1,537 |
|
|
1,436 |
|
|
1,233 |
|
|
|
3,240 |
|
|
2,386 |
|
|
Operating supplies |
|
|
|
602 |
|
|
600 |
|
|
602 |
|
|
432 |
|
|
477 |
|
|
|
1,202 |
|
|
944 |
|
|
Postage |
|
|
|
323 |
|
|
344 |
|
|
323 |
|
|
280 |
|
|
295 |
|
|
|
667 |
|
|
581 |
|
|
Telephone |
|
|
|
371 |
|
|
373 |
|
|
347 |
|
|
305 |
|
|
398 |
|
|
|
744 |
|
|
722 |
|
|
Other expense |
|
|
|
4,483 |
|
|
4,153 |
|
|
4,080 |
|
|
4,154 |
|
|
3,569 |
|
|
|
8,636 |
|
|
6,681 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other
operating expenses |
|
|
$ |
16,894 |
|
$ |
15,397 |
|
$ |
15,246 |
|
$ |
31,596 |
|
$ |
13,072 |
|
|
$ |
32,291 |
|
$ |
31,388 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Calculation of this metric and the
reconciliation to GAAP is included in the schedules accompanying
this release. |
|
Home BancShares,
Inc. |
|
Selected Financial
Information |
|
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
June.
30, |
Mar.
31, |
Dec.
31, |
Sep.
30, |
Jun.
30, |
|
(Dollars in
thousands) |
|
|
|
2018 |
|
|
2018 |
|
|
2017 |
|
|
2017 |
|
|
2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE SHEET RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans to total
deposits |
|
|
|
101.51 |
% |
|
99.32 |
% |
|
99.45 |
% |
|
98.44 |
% |
|
100.86 |
% |
|
Common equity to
assets |
|
|
|
15.51 |
% |
|
15.63 |
% |
|
15.25 |
% |
|
15.48 |
% |
|
13.58 |
% |
|
Tangible common equity
to tangible assets (non-GAAP)(1) |
|
|
|
9.42 |
% |
|
9.46 |
% |
|
9.11 |
% |
|
9.24 |
% |
|
9.91 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LOANS RECEIVABLE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate |
|
|
|
|
|
|
|
|
Commercial real
estate loans |
|
|
|
|
|
|
|
|
Non-farm/non-residential |
|
|
$ |
4,734,315 |
|
$ |
4,658,209 |
|
$ |
4,600,117 |
|
$ |
4,532,402 |
|
$ |
3,368,663 |
|
|
Construction/land development |
|
|
|
1,662,199 |
|
|
1,641,834 |
|
|
1,700,491 |
|
|
1,648,923 |
|
|
1,315,309 |
|
|
Agricultural |
|
|
|
77,053 |
|
|
81,151 |
|
|
82,229 |
|
|
88,295 |
|
|
78,260 |
|
|
Residential real
estate loans |
|
|
|
|
|
|
|
|
Residential 1-4 family |
|
|
|
1,960,841 |
|
|
1,915,346 |
|
|
1,970,311 |
|
|
1,968,688 |
|
|
1,513,888 |
|
|
Multifamily residential |
|
|
|
540,526 |
|
|
464,194 |
|
|
441,303 |
|
|
497,910 |
|
|
398,781 |
|
|
Total real estate |
|
|
|
8,974,934 |
|
|
8,760,734 |
|
|
8,794,451 |
|
|
8,736,218 |
|
|
6,674,901 |
|
|
Consumer |
|
|
|
417,499 |
|
|
40,842 |
|
|
46,148 |
|
|
51,515 |
|
|
38,424 |
|
|
Commercial and
industrial |
|
|
|
1,287,637 |
|
|
1,324,173 |
|
|
1,297,397 |
|
|
1,296,485 |
|
|
994,827 |
|
|
Agricultural |
|
|
|
55,768 |
|
|
50,770 |
|
|
49,815 |
|
|
57,489 |
|
|
69,697 |
|
|
Other |
|
|
|
162,132 |
|
|
149,217 |
|
|
143,377 |
|
|
144,486 |
|
|
56,626 |
|
|
Loans
receivable |
|
|
$ |
10,897,970 |
|
$ |
10,325,736 |
|
$ |
10,331,188 |
|
$ |
10,286,193 |
|
$ |
7,834,475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Discount for credit
losses on purchased loans |
|
|
$ |
129,903 |
|
$ |
137,404 |
|
$ |
146,557 |
|
$ |
158,001 |
|
$ |
95,627 |
|
|
Purchased loans, net of
discount for credit losses on purchased loans |
|
|
|
3,522,753 |
|
|
3,232,004 |
|
|
3,464,990 |
|
|
3,653,079 |
|
|
1,355,922 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLOWANCE FOR LOAN LOSSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, beginning of
period |
|
|
$ |
110,212 |
|
$ |
110,266 |
|
$ |
111,620 |
|
$ |
80,138 |
|
$ |
80,311 |
|
|
Loans charged off |
|
|
|
2,132 |
|
|
2,540 |
|
|
6,936 |
|
|
4,424 |
|
|
1,405 |
|
|
Recoveries of loans
previously charged off |
|
|
|
714 |
|
|
886 |
|
|
656 |
|
|
883 |
|
|
845 |
|
|
Net loans
(recovered)/charged off |
|
|
|
1,418 |
|
|
1,654 |
|
|
6,280 |
|
|
3,541 |
|
|
560 |
|
|
Provision for loan
losses |
|
|
|
2,722 |
|
|
1,600 |
|
|
4,926 |
|
|
35,023 |
|
|
387 |
|
|
Balance, end of
period |
|
|
$ |
111,516 |
|
$ |
110,212 |
|
$ |
110,266 |
|
$ |
111,620 |
|
$ |
80,138 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (recoveries)
charge-offs to average total loans |
|
|
|
0.05 |
% |
|
0.06 |
% |
|
0.24 |
% |
|
0.18 |
% |
|
0.03 |
% |
|
Allowance for loan
losses to total loans |
|
|
|
1.02 |
% |
|
1.07 |
% |
|
1.07 |
% |
|
1.09 |
% |
|
1.02 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NON-PERFORMING ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-performing
loans |
|
|
|
|
|
|
|
|
Non-accrual
loans |
|
|
$ |
37,082 |
|
$ |
36,266 |
|
$ |
34,032 |
|
$ |
34,794 |
|
$ |
32,426 |
|
|
Loans past due
90 days or more |
|
|
|
19,696 |
|
|
13,223 |
|
|
10,665 |
|
|
29,183 |
|
|
14,442 |
|
|
Total non-performing loans |
|
|
|
56,778 |
|
|
49,489 |
|
|
44,697 |
|
|
63,977 |
|
|
46,868 |
|
|
Other non-performing
assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreclosed
assets held for sale, net |
|
|
|
17,853 |
|
|
20,134 |
|
|
18,867 |
|
|
21,701 |
|
|
18,789 |
|
|
Other
non-performing assets |
|
|
|
3 |
|
|
3 |
|
|
3 |
|
|
3 |
|
|
3 |
|
|
Total other non-performing assets |
|
|
|
17,856 |
|
|
20,137 |
|
|
18,870 |
|
|
21,704 |
|
|
18,792 |
|
|
Total non-performing assets |
|
|
$ |
74,634 |
|
$ |
69,626 |
|
$ |
63,567 |
|
$ |
85,681 |
|
$ |
65,660 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan
losses for loans to non-performing loans |
|
|
|
196.41 |
% |
|
222.70 |
% |
|
246.70 |
% |
|
174.47 |
% |
|
170.99 |
% |
|
Non-performing loans to
total loans |
|
|
|
0.52 |
% |
|
0.48 |
% |
|
0.43 |
% |
|
0.62 |
% |
|
0.60 |
% |
|
Non-performing assets
to total assets |
|
|
|
0.50 |
% |
|
0.49 |
% |
|
0.44 |
% |
|
0.60 |
% |
|
0.60 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Calculation of this metric and the reconciliation
to GAAP is included in the schedules accompanying this
release. |
|
|
|
|
|
|
|
|
|
|
|
|
Home BancShares,
Inc. |
|
Consolidated Net
Interest Margin |
|
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended |
|
|
|
June 30,
2018 |
|
March 31,
2018 |
|
|
|
Average |
Income/ |
Yield/ |
|
Average |
Income/ |
Yield/ |
|
(Dollars in
thousands) |
|
Balance |
Expense |
Rate |
|
Balance |
Expense |
Rate |
|
|
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
Earning
assets |
|
|
|
|
|
|
|
|
|
Interest-bearing
balances due from banks |
|
$ |
288,643 |
|
$ |
1,206 |
|
1.68 |
% |
|
$ |
245,815 |
|
$ |
929 |
|
1.53 |
% |
|
Federal funds
sold |
|
|
679 |
|
|
12 |
|
7.09 |
% |
|
|
9,682 |
|
|
6 |
|
0.25 |
% |
|
Investment
securities - taxable |
|
|
1,528,613 |
|
|
8,979 |
|
2.36 |
% |
|
|
1,560,464 |
|
|
8,970 |
|
2.33 |
% |
|
Investment
securities - non-taxable - FTE |
|
|
398,067 |
|
|
4,476 |
|
4.51 |
% |
|
|
345,217 |
|
|
3,997 |
|
4.70 |
% |
|
Loans receivable
- FTE |
|
|
10,345,846 |
|
|
153,291 |
|
5.94 |
% |
|
|
10,325,439 |
|
|
148,283 |
|
5.82 |
% |
|
Total interest-earning assets |
|
|
12,561,848 |
|
|
167,964 |
|
5.36 |
% |
|
|
12,486,617 |
|
|
162,185 |
|
5.27 |
% |
|
Non-earning
assets |
|
|
1,742,635 |
|
|
|
|
1,747,752 |
|
|
|
Total assets |
|
$ |
14,304,483 |
|
|
|
$ |
14,234,369 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
Interest-bearing
liabilities |
|
|
|
|
|
|
|
|
|
Savings and interest-bearing transaction accounts |
|
$ |
6,451,204 |
|
$ |
13,489 |
|
0.84 |
% |
|
$ |
6,409,585 |
|
$ |
11,242 |
|
0.71 |
% |
|
Time deposits |
|
|
1,611,353 |
|
|
4,675 |
|
1.16 |
% |
|
|
1,513,854 |
|
|
3,564 |
|
0.95 |
% |
|
Total interest-bearing deposits |
|
|
8,062,557 |
|
|
18,164 |
|
0.90 |
% |
|
|
7,923,439 |
|
|
14,806 |
|
0.76 |
% |
|
Federal funds
purchased |
|
|
46 |
|
|
- |
|
0.00 |
% |
|
|
78 |
|
|
1 |
|
5.20 |
% |
|
Securities sold
under agreement to repurchase |
|
|
143,952 |
|
|
372 |
|
1.04 |
% |
|
|
152,716 |
|
|
376 |
|
1.00 |
% |
|
FHLB borrowed
funds |
|
|
928,357 |
|
|
4,245 |
|
1.83 |
% |
|
|
1,150,091 |
|
|
4,580 |
|
1.62 |
% |
|
Subordinated
debentures |
|
|
368,309 |
|
|
5,168 |
|
5.63 |
% |
|
|
368,124 |
|
|
5,004 |
|
5.51 |
% |
|
Total interest-bearing liabilities |
|
|
9,503,221 |
|
|
27,949 |
|
1.18 |
% |
|
|
9,594,448 |
|
|
24,767 |
|
1.05 |
% |
|
Non-interest
bearing liabilities |
|
|
|
|
|
|
|
|
|
Non-interest bearing deposits |
|
|
2,496,701 |
|
|
|
|
2,381,259 |
|
|
|
Other liabilities |
|
|
53,149 |
|
|
|
|
44,360 |
|
|
|
Total liabilities |
|
|
12,053,071 |
|
|
|
|
12,020,067 |
|
|
|
Shareholders'
equity |
|
|
2,251,412 |
|
|
|
|
2,214,302 |
|
|
|
Total liabilities and shareholders' equity |
|
$ |
14,304,483 |
|
|
|
$ |
14,234,369 |
|
|
|
Net interest
spread |
|
|
|
|
4.18 |
% |
|
|
|
|
4.22 |
% |
|
Net interest
income and margin - FTE |
|
|
|
$ |
140,015 |
|
4.47 |
% |
|
|
|
$ |
137,418 |
|
4.46 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home BancShares,
Inc. |
|
Consolidated Net
Interest Margin |
|
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Year
Ended |
|
|
|
June 30,
2018 |
|
June 30,
2017 |
|
|
|
Average |
Income/ |
Yield/ |
|
Average |
Income/ |
Yield/ |
|
(Dollars in
thousands) |
|
Balance |
Expense |
Rate |
|
Balance |
Expense |
Rate |
|
|
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
Earning
assets |
|
|
|
|
|
|
|
|
|
Interest-bearing
balances due from banks |
|
$ |
267,347 |
|
$ |
2,135 |
|
1.61 |
% |
|
$ |
237,617 |
|
$ |
1,035 |
|
0.88 |
% |
|
Federal funds
sold |
|
|
5,156 |
|
|
18 |
|
0.70 |
% |
|
|
1,305 |
|
|
6 |
|
0.93 |
% |
|
Investment
securities - taxable |
|
|
1,544,451 |
|
|
17,949 |
|
2.34 |
% |
|
|
1,183,588 |
|
|
11,912 |
|
2.03 |
% |
|
Investment
securities - non-taxable - FTE |
|
|
371,788 |
|
|
8,473 |
|
4.60 |
% |
|
|
346,895 |
|
|
9,598 |
|
5.58 |
% |
|
Loans receivable
- FTE |
|
|
10,335,699 |
|
|
301,574 |
|
5.88 |
% |
|
|
7,708,264 |
|
|
218,833 |
|
5.72 |
% |
|
Total interest-earning assets |
|
|
12,524,441 |
|
|
330,149 |
|
5.32 |
% |
|
|
9,477,669 |
|
|
241,384 |
|
5.14 |
% |
|
Non-earning
assets |
|
|
1,745,179 |
|
|
|
|
1,020,474 |
|
|
|
Total assets |
|
$ |
14,269,620 |
|
|
|
$ |
10,498,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
Interest-bearing
liabilities |
|
|
|
|
|
|
|
|
|
Savings and interest-bearing transaction accounts |
|
$ |
6,430,509 |
|
$ |
24,731 |
|
0.78 |
% |
|
$ |
4,216,025 |
|
$ |
7,690 |
|
0.37 |
% |
|
Time deposits |
|
|
1,562,873 |
|
|
8,239 |
|
1.06 |
% |
|
|
1,400,501 |
|
|
4,606 |
|
0.66 |
% |
|
Total interest-bearing deposits |
|
|
7,993,382 |
|
|
32,970 |
|
0.83 |
% |
|
|
5,616,526 |
|
|
12,296 |
|
0.44 |
% |
|
Federal funds
purchased |
|
|
62 |
|
|
1 |
|
3.25 |
% |
|
|
- |
|
|
- |
|
0.00 |
% |
|
Securities sold
under agreement to repurchase |
|
|
148,310 |
|
|
748 |
|
1.02 |
% |
|
|
126,390 |
|
|
361 |
|
0.58 |
% |
|
FHLB borrowed
funds |
|
|
1,038,612 |
|
|
8,825 |
|
1.71 |
% |
|
|
1,274,823 |
|
|
7,299 |
|
1.15 |
% |
|
Subordinated
debentures |
|
|
368,217 |
|
|
10,172 |
|
5.57 |
% |
|
|
207,043 |
|
|
5,234 |
|
5.10 |
% |
|
Total interest-bearing liabilities |
|
|
9,548,583 |
|
|
52,716 |
|
1.11 |
% |
|
|
7,224,782 |
|
|
25,190 |
|
0.70 |
% |
|
Non-interest
bearing liabilities |
|
|
|
|
|
|
|
|
|
Non-interest bearing deposits |
|
|
2,439,299 |
|
|
|
|
1,808,660 |
|
|
|
Other liabilities |
|
|
48,779 |
|
|
|
|
52,062 |
|
|
|
Total liabilities |
|
|
12,036,661 |
|
|
|
|
9,085,504 |
|
|
|
Shareholders'
equity |
|
|
2,232,959 |
|
|
|
|
1,412,639 |
|
|
|
Total liabilities and shareholders' equity |
|
$ |
14,269,620 |
|
|
|
$ |
10,498,143 |
|
|
|
Net interest
spread |
|
|
|
|
4.21 |
% |
|
|
|
|
4.44 |
% |
|
Net interest
income and margin - FTE |
|
|
|
$ |
277,433 |
|
4.47 |
% |
|
|
|
$ |
216,194 |
|
4.60 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home BancShares,
Inc. |
|
Non-GAAP
Reconciliations |
|
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter
Ended |
|
Six Months
Ended |
|
(Dollars and shares in
thousands, |
|
Jun.
30, |
Mar.
31 |
Dec.
31, |
Sep.
30, |
Jun.
30, |
|
Jun.
30, |
Jun.
30, |
|
except per share
data) |
|
|
2018 |
|
|
2018 |
|
|
2017 |
|
|
2017 |
|
|
2017 |
|
|
|
2018 |
|
|
2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS, AS ADJUSTED |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net income
available to common shareholders (A) |
|
$ |
76,025 |
|
$ |
73,064 |
|
$ |
23,309 |
|
$ |
14,821 |
|
$ |
50,097 |
|
|
$ |
149,089 |
|
$ |
96,953 |
|
|
Adjustments |
|
|
|
|
|
|
|
|
|
|
Gain on
acquisitions |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
|
- |
|
|
(3,807 |
) |
|
Merger
and acquisition expenses |
|
|
- |
|
|
- |
|
|
- |
|
|
18,227 |
|
|
789 |
|
|
|
- |
|
|
7,516 |
|
|
Hurricane
expenses(2) |
|
|
- |
|
|
- |
|
|
- |
|
|
33,445 |
|
|
- |
|
|
|
- |
|
|
- |
|
|
Effect of
tax rate change |
|
|
- |
|
|
- |
|
|
36,935 |
|
|
- |
|
|
- |
|
|
|
- |
|
|
- |
|
|
Total
adjustments |
|
|
- |
|
|
- |
|
|
36,935 |
|
|
51,672 |
|
|
789 |
|
|
|
- |
|
|
3,709 |
|
|
Tax-effect of adjustments(3) |
|
|
- |
|
|
- |
|
|
- |
|
|
20,045 |
|
|
199 |
|
|
|
- |
|
|
2,581 |
|
|
Adjustments after-tax (B) |
|
|
- |
|
|
- |
|
|
36,935 |
|
|
31,627 |
|
|
590 |
|
|
|
- |
|
|
1,128 |
|
|
Earnings, as adjusted
(C) |
|
$ |
76,025 |
|
$ |
73,064 |
|
$ |
60,244 |
|
$ |
46,448 |
|
$ |
50,687 |
|
|
$ |
149,089 |
|
$ |
98,081 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average diluted shares
outstanding (D) |
|
|
173,936 |
|
|
174,383 |
|
|
174,349 |
|
|
144,987 |
|
|
144,116 |
|
|
|
174,168 |
|
|
143,270 |
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP diluted earnings
per share: A/D |
|
$ |
0.44 |
|
$ |
0.42 |
|
$ |
0.13 |
|
$ |
0.10 |
|
$ |
0.35 |
|
|
$ |
0.86 |
|
$ |
0.68 |
|
|
Adjustments after-tax:
B/D |
|
|
- |
|
|
- |
|
|
0.22 |
|
|
0.22 |
|
|
- |
|
|
|
- |
|
|
- |
|
|
Diluted earnings per
common share excluding gain on acquisitions, merger
expenses, hurricane expenses & effect of tax rate
change: C/D |
|
$ |
0.44 |
|
$ |
0.42 |
|
$ |
0.35 |
|
$ |
0.32 |
|
$ |
0.35 |
|
|
$ |
0.86 |
|
$ |
0.68 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ANNUALIZED RETURN ON AVERAGE ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Return on average
assets: A/H |
|
|
2.13 |
% |
|
2.08 |
% |
|
0.66 |
% |
|
0.54 |
% |
|
1.86 |
% |
|
|
2.11 |
% |
|
1.86 |
% |
|
Return on average
assets excluding gain on acquisitions, merger
expenses, hurricane expenses & effect of tax rate
change: (A+F)/H |
|
|
2.13 |
% |
|
2.08 |
% |
|
1.69 |
% |
|
1.70 |
% |
|
1.88 |
% |
|
|
2.11 |
% |
|
1.88 |
% |
|
Return on average
assets excluding intangible amortization: (A+C)/(H-I) |
|
|
2.32 |
% |
|
2.27 |
% |
|
0.73 |
% |
|
0.59 |
% |
|
1.96 |
% |
|
|
2.30 |
% |
|
1.96 |
% |
|
Return on average
assets excluding intangible amortization, provision for loan
losses, gain on acquisitions, merger expenses, hurricane
expenses and income taxes (ROA, as adjusted):
(A+B+D+E+G)/(H-I) |
|
|
3.15 |
% |
|
3.07 |
% |
|
3.10 |
% |
|
2.94 |
% |
|
3.19 |
% |
|
|
3.11 |
% |
|
3.25 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net income
available to common shareholders (A) |
|
$ |
76,025 |
|
$ |
73,064 |
|
$ |
23,309 |
|
$ |
14,821 |
|
$ |
50,097 |
|
|
$ |
149,089 |
|
$ |
96,953 |
|
|
Amortization of
intangibles (B) |
|
|
1,624 |
|
|
1,626 |
|
|
1,631 |
|
|
906 |
|
|
866 |
|
|
|
3,250 |
|
|
1,670 |
|
|
Amortization of
intangibles after-tax (C) |
|
|
1,200 |
|
|
1,201 |
|
|
991 |
|
|
551 |
|
|
526 |
|
|
|
2,401 |
|
|
1,015 |
|
|
Provision for loan
losses excluding hurricane provision (D) |
|
|
2,722 |
|
|
1,600 |
|
|
4,926 |
|
|
2,134 |
|
|
387 |
|
|
|
4,322 |
|
|
4,301 |
|
|
Total adjustments
(E) |
|
|
- |
|
|
- |
|
|
36,935 |
|
|
51,672 |
|
|
789 |
|
|
|
- |
|
|
3,709 |
|
|
Adjustments after-tax
(F) |
|
|
- |
|
|
- |
|
|
36,935 |
|
|
31,627 |
|
|
590 |
|
|
|
- |
|
|
1,128 |
|
|
Income tax expense
excluding effect of tax rate change (G) |
|
|
24,310 |
|
|
23,970 |
|
|
35,873 |
|
|
7,536 |
|
|
30,282 |
|
|
|
48,280 |
|
|
55,656 |
|
|
Average assets (H) |
|
|
14,304,483 |
|
|
14,234,369 |
|
|
14,113,936 |
|
|
10,853,559 |
|
|
10,793,770 |
|
|
|
14,269,620 |
|
|
10,498,143 |
|
|
Average goodwill, core
deposits & other intangible assets (I) |
|
|
975,345 |
|
|
976,451 |
|
|
979,209 |
|
|
462,799 |
|
|
442,380 |
|
|
|
975,895 |
|
|
429,113 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2) Hurricane expenses includes $32,889 of
provision for loan losses and $556 of damage expense related to
Hurricane Irma. |
|
(3) Effective tax rate of 39.225%, adjusted for
non-taxable gain on acquisition and non-deductible merger-related
costs. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home BancShares,
Inc. |
|
|
Non-GAAP
Reconciliations |
|
|
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter
Ended |
|
Six Months
Ended |
|
|
(Dollars and shares in
thousands, |
|
Jun.
30, |
Mar.
31 |
Dec.
31, |
Sep.
30, |
Jun.
30, |
|
Jun.
30, |
Jun.
30, |
|
|
except per share
data) |
|
|
2018 |
|
|
2018 |
|
|
2017 |
|
|
2017 |
|
|
2017 |
|
|
|
2018 |
|
|
2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ANNUALIZED RETURN ON AVERAGE COMMON EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Return on average
common equity: A/C |
|
|
13.54 |
% |
|
13.38 |
% |
|
4.17 |
% |
|
3.88 |
% |
|
13.83 |
% |
|
|
13.46 |
% |
|
13.84 |
% |
|
|
Return on average
tangible common equity excluding intangible amortization:
(A+B)/(C-D) |
|
|
24.27 |
% |
|
24.33 |
% |
|
7.78 |
% |
|
5.80 |
% |
|
20.09 |
% |
|
|
24.30 |
% |
|
20.09 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net income
available to common shareholders (A) |
|
$ |
76,025 |
|
$ |
73,064 |
|
$ |
23,309 |
|
$ |
14,821 |
|
$ |
50,097 |
|
|
$ |
149,089 |
|
$ |
96,953 |
|
|
|
Amortization of
intangibles after-tax (B) |
|
|
1,200 |
|
|
1,201 |
|
|
991 |
|
|
551 |
|
|
526 |
|
|
|
2,401 |
|
|
1,015 |
|
|
|
Average common equity
(C) |
|
|
2,251,412 |
|
|
2,214,302 |
|
|
2,218,549 |
|
|
1,513,829 |
|
|
1,453,099 |
|
|
|
2,232,959 |
|
|
1,412,639 |
|
|
|
Average goodwill, core
deposits & other intangible assets (D) |
|
|
975,345 |
|
|
976,451 |
|
|
979,209 |
|
|
462,799 |
|
|
442,380 |
|
|
|
975,895 |
|
|
429,113 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EFFICIENCY RATIO |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Efficiency
ratio: ((C-E)/(A+B+D)) |
|
|
36.74 |
% |
|
37.83 |
% |
|
37.05 |
% |
|
53.77 |
% |
|
37.48 |
% |
|
|
37.28 |
% |
|
39.12 |
% |
|
|
Efficiency ratio,
as adjusted: ((C-E-G)/(A+B+D-F)) |
|
|
37.03 |
% |
|
37.97 |
% |
|
37.35 |
% |
|
39.12 |
% |
|
37.29 |
% |
|
|
37.49 |
% |
|
37.13 |
% |
|
|
|
|
|
|
|
- |
|
|
- |
|
|
- |
|
|
|
- |
|
|
- |
|
|
|
Net interest income (A) |
|
$ |
138,612 |
|
$ |
136,209 |
|
$ |
136,969 |
|
$ |
106,769 |
|
$ |
107,352 |
|
|
$ |
274,821 |
|
$ |
212,167 |
|
|
|
Non-interest income (B) |
|
|
27,673 |
|
|
25,805 |
|
|
27,292 |
|
|
21,457 |
|
|
24,417 |
|
|
|
53,478 |
|
|
50,887 |
|
|
|
Non-interest expense (C) |
|
|
63,228 |
|
|
63,380 |
|
|
63,218 |
|
|
70,846 |
|
|
51,003 |
|
|
|
126,608 |
|
|
106,144 |
|
|
|
Fully taxable equivalent adjustment (D) |
|
|
1,403 |
|
|
1,209 |
|
|
1,983 |
|
|
1,846 |
|
|
2,016 |
|
|
|
2,612 |
|
|
4,027 |
|
|
|
Amortization of intangibles (E) |
|
|
1,624 |
|
|
1,626 |
|
|
1,631 |
|
|
906 |
|
|
866 |
|
|
|
3,250 |
|
|
1,670 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
Non-interest income: |
|
|
|
|
|
|
|
|
|
|
|
Gain on acquisition |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
|
$ |
- |
|
$ |
3,807 |
|
|
|
Gain (loss) on OREO |
|
|
1,046 |
|
|
405 |
|
|
176 |
|
|
335 |
|
|
393 |
|
|
|
1,451 |
|
|
514 |
|
|
|
Gain (loss) on SBA loans |
|
|
262 |
|
|
182 |
|
|
- |
|
|
163 |
|
|
387 |
|
|
|
444 |
|
|
575 |
|
|
|
Gain (loss) on branches, equipment and other assets,
net |
|
|
- |
|
|
7 |
|
|
2 |
|
|
(1,337 |
) |
|
431 |
|
|
|
7 |
|
|
375 |
|
|
|
Gain (loss) on securities |
|
|
- |
|
|
- |
|
|
1,193 |
|
|
136 |
|
|
380 |
|
|
|
- |
|
|
803 |
|
|
|
Recoveries on historic losses |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
|
- |
|
|
- |
|
|
|
Total non-interest income adjustments (F) |
|
$ |
1,308 |
|
$ |
594 |
|
$ |
1,371 |
|
$ |
(703 |
) |
$ |
1,591 |
|
|
$ |
1,902 |
|
$ |
6,074 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-interest expense: |
|
|
|
|
|
|
|
|
|
|
|
Merger Expenses |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
18,227 |
|
$ |
789 |
|
|
$ |
- |
|
$ |
7,516 |
|
|
|
Hurricane damage expense |
|
|
- |
|
|
- |
|
|
- |
|
|
556 |
|
|
- |
|
|
|
- |
|
|
- |
|
|
|
Vacant properties write-downs |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
47 |
|
|
|
- |
|
|
47 |
|
|
|
Total non-interest expense adjustments (G) |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
18,783 |
|
$ |
836 |
|
|
$ |
- |
|
$ |
7,563 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
Home BancShares,
Inc. |
|
Non-GAAP
Reconciliations |
|
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Jun.
30, |
Mar.
31, |
Dec.
31, |
Sep.
30, |
Jun.
30, |
|
(Dollars in
thousands) |
|
|
|
2018 |
|
|
2018 |
|
|
2017 |
|
|
2017 |
|
|
2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TANGIBLE BOOK VALUE PER COMMON SHARE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Book value per
common share: A/B |
|
|
$ |
13.26 |
|
$ |
12.89 |
|
$ |
12.70 |
|
$ |
12.71 |
|
$ |
10.32 |
|
|
Tangible book
value per common share: (A-C-D)/B |
|
|
|
7.52 |
|
|
7.27 |
|
|
7.07 |
|
|
7.06 |
|
|
7.23 |
|
|
|
|
|
|
|
|
|
|
|
Total
stockholders' equity (A) |
|
|
$ |
2,314,013 |
|
$ |
2,238,181 |
|
$ |
2,204,291 |
|
$ |
2,206,716 |
|
$ |
1,476,032 |
|
|
End of period
common shares outstanding (B) |
|
|
|
174,511 |
|
|
173,603 |
|
|
173,633 |
|
|
173,666 |
|
|
143,071 |
|
|
Goodwill
(C) |
|
|
$ |
956,418 |
|
$ |
927,949 |
|
$ |
927,949 |
|
$ |
929,129 |
|
$ |
420,941 |
|
|
Core deposit and
other intangibles (D) |
|
|
|
46,101 |
|
|
47,726 |
|
|
49,351 |
|
|
50,982 |
|
|
21,019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity to assets:
B/A |
|
|
|
15.51 |
% |
|
15.63 |
% |
|
15.25 |
% |
|
15.48 |
% |
|
13.58 |
% |
|
Tangible common
equity to tangible assets: (B-C-D)/(A-C-D) |
|
|
|
9.42 |
% |
|
9.46 |
% |
|
9.11 |
% |
|
9.24 |
% |
|
9.91 |
% |
|
|
|
|
|
|
|
- |
|
|
- |
|
|
- |
|
|
Total assets
(A) |
|
|
$ |
14,924,120 |
|
$ |
14,323,229 |
|
$ |
14,449,760 |
|
$ |
14,255,967 |
|
$ |
10,872,228 |
|
|
Total
stockholders' equity (B) |
|
|
|
2,314,013 |
|
|
2,238,181 |
|
|
2,204,291 |
|
|
2,206,716 |
|
|
1,476,032 |
|
|
Goodwill
(C) |
|
|
|
956,418 |
|
|
927,949 |
|
|
927,949 |
|
|
929,129 |
|
|
420,941 |
|
|
Core deposit and
other intangibles (D) |
|
|
|
46,101 |
|
|
47,726 |
|
|
49,351 |
|
|
50,982 |
|
|
21,019 |
|
|
|
|
|
|
|
|
|
|
|
Home BancShares (NASDAQ:HOMB)
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