Home BancShares, Inc. Ranked #1 For a Third Time on Forbes List of Best Banks in America
February 09 2022 - 5:15PM
Home BancShares, Inc. (NYSE: HOMB) (“the Company”), parent company
of Centennial Bank, has been ranked #1 on the Forbes 2022 “Best
Banks in America” list for the third time. The Company also
achieved the top ranking in 2018 and 2019. This is the thirteenth
consecutive year Forbes has ranked America’s largest banks, using
financial data from S&P Global Market Intelligence.
“Being ranked #1 Bank in America by Forbes is
quite an honor, but to be ranked #1 three times out of the last
five years (two years back to back) makes me ecstatic. Our bankers
work hard for our customers and shareholders and it’s rewarding to
see their efforts recognized,” said John Allison, Chairman, CEO and
President.
Home BancShares scored in the top-50 for every
metric, and in the top-10 in five of the nine metrics Forbes
tracks, including risk-based capital ratio, common equity tier 1
ratio, efficiency ratio, net-interest margin and return on average
assets.
Forbes magazine’s 13th Annual America’s Best
Banks list looks at growth, credit quality and profitability to
rank the 100 largest publicly-traded banks and thrifts using data
based on regulatory filings for the period ending September 30,
2021.
Forbes magazine’s 100 largest U.S. banks range
in size from $13 billion to $3 trillion in assets and were ranked
based on nine, equally weighted metrics including return on average
tangible common equity, return on average assets, net interest
margin, efficiency ratio and net charge-offs as a percent of total
loans. Forbes also factored in non-performing assets as a percent
of assets, Common Equity Tier 1 ratio and risk-based capital
ratio.
To see the full article and Forbes ranking of
the 100 largest banks in America, visit
https://www.forbes.com/sites/jasonbisnoff/2022/02/03/americas-best-banks-2022/?sh=4158ecfc1e8a.
Home BancShares, Inc. is a bank holding company,
headquartered in Conway, Arkansas. Our 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 New
York Stock Exchange under the symbol “HOMB.”
FOR MORE INFORMATION CONTACT:Donna
Townsell
Director of Investor
Relations
(501) 328-4625
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