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Core Viewpoint - Home BancShares, Inc. is set to release its Second Quarter 2025 earnings on July 16, 2025, followed by a conference call on July 17, 2025, to discuss the results [1]. Group 1: Earnings Release and Conference Call - The earnings release will occur after market close on July 16, 2025 [1]. - A conference call to review the earnings will take place at 1:00 p.m. CT (2:00 p.m. ET) on July 17, 2025 [1]. Group 2: Pre-registration for Conference Call - Participants are encouraged to pre-register for the conference call webcast or live call through provided links [2]. - Pre-registered participants will receive a unique link or phone number with access codes for immediate entry into the call [2]. Group 3: Accessing the Call - Those without internet access can listen to the live call by dialing 1-833-470-1428 with the passcode 171523 [3]. - A replay of the call will be available until July 24, 2025, by calling 1-866-813-9403 with the passcode 539251 [3]. Group 4: Company Overview - Home BancShares, Inc. is a bank holding company based in Conway, Arkansas, with its subsidiary, Centennial Bank, offering a range of banking services [4]. - Centennial Bank operates branches in Arkansas, Florida, South Alabama, Texas, and New York City, with Texas branches functioning as Happy State Bank [4].

Financial Performance - Net income for the three months ended March 31, 2025, was $115,209 thousand, compared to $100,109 thousand for the same period in 2024, reflecting a year-over-year increase of 15.1%[14] - Basic earnings per share for Q1 2025 was $0.58, an increase from $0.50 in Q1 2024, representing a growth of 16%[14] - Comprehensive income for the three months ended March 31, 2025, was $146,777 thousand, compared to $77,759 thousand in Q1 2024, indicating a significant increase of 88.7%[16] - Net income for Q1 2025 was $115,209,000, an increase of 15.5% compared to $100,109,000 in Q1 2024[25] - Total consolidated revenues for the three months ended March 31, 2025, were $357,968,000, slightly down from $358,714,000 in the same period of 2024[180] Asset and Liability Growth - Total assets increased to $22,992,203 thousand as of March 31, 2025, up from $22,490,748 thousand at December 31, 2024, representing a growth of 2.2%[12] - Total liabilities increased to $18,949,648 thousand as of March 31, 2025, from $18,529,723 thousand at December 31, 2024, a rise of 2.3%[12] - Total deposits increased to $17,541,491 thousand as of March 31, 2025, up from $17,146,297 thousand at December 31, 2024, indicating a rise of 2.3%[12] - The company’s total stockholders' equity at the end of Q1 2025 was $4,042,555,000, an increase from $3,811,401,000 at the end of Q1 2024[25] Income and Expense Analysis - Net interest income after credit loss expense rose to $214,656 thousand for Q1 2025, compared to $200,090 thousand in Q1 2024, marking a growth of 7.3%[14] - Non-interest income totaled $45,426 thousand for the three months ended March 31, 2025, compared to $41,799 thousand in the same period of 2024, reflecting an increase of 8.5%[14] - Total non-interest expense for the three months ended March 31, 2025, was $112.9 million, compared to $111.5 million for the same period in 2024, reflecting an increase of 1.3%[137] - Total interest expense decreased to $97,886,000 in Q1 2025 from $112,325,000 in Q1 2024, a decrease of approximately 12.9%[180] Credit Losses and Allowance - The allowance for credit losses on loans was $279,944 thousand as of March 31, 2025, slightly up from $275,880 thousand at December 31, 2024[12] - The provision for credit losses was $0 for the three months ended March 31, 2025, compared to $4,500,000 in the same period of 2024, showing a significant reduction[180] - The Company recorded $4.1 million in net recoveries for credit losses on loans during the three months ended March 31, 2025, compared to a provision of $5.5 million for the same period in 2024[78] Loan Portfolio and Quality - Total loans receivable increased to $14,952.1 million as of March 31, 2025, up from $14,764.5 million at December 31, 2024, reflecting growth in commercial real estate and consumer loans[64] - The Company reported a net increase in loans of $177,767,000 in Q1 2025, compared to an increase of $99,450,000 in Q1 2024[25] - Nonaccrual loans amounted to $86.4 million as of March 31, 2025, down from $93.9 million as of December 31, 2024[82] - The total past due loans as of March 31, 2025, were $119.54 million, compared to $160.08 million as of December 31, 2024, reflecting a decrease of approximately 25.3%[86][87] Securities and Investments - The total fair value of available-for-sale securities was $2,742.8 million as of March 31, 2025[54] - The total amortized cost of investment securities classified as available-for-sale and held-to-maturity is approximately $3.30 billion as of March 31, 2025[49] - The unrealized losses on investments were primarily attributed to changes in interest rates rather than credit quality[60] Stock Repurchase and Dividends - The company repurchased 1,000,000 shares of common stock in Q1 2025, resulting in a total repurchase cost of $29,699,000[25] - Cash dividends paid on common stock were $38,758,000 in Q1 2025, compared to $36,227,000 in Q1 2024, reflecting a 4.2% increase[25] Regulatory and Compliance - The company reported an unqualified opinion on its consolidated financial statements for the year ended December 31, 2024, indicating compliance with accounting principles[190] - The Company adopted an interim final rule allowing a two-year delay of certain effects of CECL on regulatory capital, impacting its risk-based capital ratios[154] Future Outlook - The company anticipates potential market expansion and acquisitions as part of its future strategies, although specific targets were not disclosed[9] - The company noted risks related to economic conditions, regulatory changes, and competition in the banking industry that could impact future performance[10]

Financial Data and Key Metrics Changes - The company reported record earnings of $115.2 million, translating to $0.58 per share, marking a significant increase from previous quarters where earnings were around $100 million [15][16] - Core earnings were reported at $111.9 million or $0.56 per share, with a non-recurring expense of $2 million related to a Texas lawsuit impacting this quarter [16][17] - Revenue grew to $260.1 million, surpassing the previous quarter by $700,000 and the same quarter last year by $13.1 million [17] - The net interest margin improved to 4.44% from 4.39% in the previous quarter and 4.13% a year ago [18] - Nonperforming loans decreased to 0.60% from 0.67%, and nonperforming assets improved to 0.56% from 0.63% [22] Business Line Data and Key Metrics Changes - The community banking segment saw a net loan growth of $187.6 million, with total loans reaching a record level of $14.95 billion [19] - The CCFG segment experienced a decline of $103 million in loans, primarily in the commercial and industrial loan portfolio [19][38] - The commercial real estate book remained stable, with a 5% increase over the past year [41] Market Data and Key Metrics Changes - Deposits increased by over $395 million, bringing the total to $17.5 billion, which led to a decrease in the loan-to-deposit ratio to 85.24% [20] - The rise in interest-bearing deposits decreased to 2.67% from 2.80% at year-end [20] Company Strategy and Development Direction - The company aims to reward shareholders and maintain a conservative approach with strong capital and liquidity [10][12] - Management is focused on maintaining strong asset quality and operational efficiencies while navigating uncertain economic conditions [10][11] - The company is open to M&A opportunities but emphasizes the need for deals that make financial sense [123][136] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's performance despite economic uncertainties, highlighting a strong quarter and potential for continued growth [10][11] - There is a focus on maintaining a disciplined approach to loan growth and managing expenses effectively [76][156] Other Important Information - The tangible book value increased to $13.15 from $11.79 a year ago, and the return on tangible common equity for the quarter was 18.39% [24] - The company continues to buy back stock, having purchased approximately 1 million shares in the quarter [25] Q&A Session Summary Question: Insights on borrower demand and boat lending - Management noted elevated volume in boat lending due to manufacturer subsidies, but there is some uncertainty affecting project developments [49][53][55] Question: Margin outlook and loan yields - New loan production yields were reported at 7.75%, with competition affecting deposit pricing strategies [57][59] Question: Credit cleanup and industry concerns - Management indicated that there are no new material concerns and that recoveries from previous charge-offs are ongoing [63][64] Question: Legal expenses and future expense control - Elevated legal expenses related to the Texas lawsuit are expected to decrease, with management aiming to maintain expenses around $111 million [74][76] Question: M&A strategy and deal flow - Management is open to smaller deals and multiple transactions, emphasizing the need for accretive opportunities [132][136]

Home Bancshares (Conway, AR) (HOMB) Q1 2025 Earnings Call April 17, 2025 02:00 PM ET Company Participants Donna Townsell - SEVP and Director of IRJohn Allison - Chairman, President & CEOStephen Tipton - CEO - Centennial BankKevin Hester - President & Chief Lending OfficerChristopher Poulton - President - Centennial Commercial Finance GroupChristopher Poulton - President of Centennial Commercial Finance GroupMichael Rose - MD - BankingJohn Marshall - President of Shore Premier FinanceCatherine Mealor - Manag ...

Core Insights - Home BancShares (HOMB) reported revenue of $260.08 million for Q1 2025, a year-over-year increase of 5.6% and an EPS of $0.56 compared to $0.49 a year ago, exceeding Zacks Consensus Estimates for both revenue and EPS [1] - The company’s stock has returned -8% over the past month, underperforming the Zacks S&P 500 composite's -4.2% change, and currently holds a Zacks Rank 3 (Hold) [3] Financial Performance Metrics - Net Interest Margin stood at 4.4%, matching the average estimate from three analysts [4] - Efficiency Ratio was reported at 42.2%, better than the 44% average estimate from three analysts [4] - Total non-performing loans amounted to $89.65 million, exceeding the two-analyst average estimate of $83.84 million [4] - Average balance of Total interest-earning assets was $19.83 billion, slightly above the two-analyst average estimate of $19.66 billion [4] - Total non-performing assets reached $129.39 million, higher than the two-analyst average estimate of $127.27 million [4] - Net charge-offs to average total loans were reported at -0.1%, compared to the 0% average estimate from two analysts [4] - Net Interest Income was $214.66 million, surpassing the $211.95 million estimate from three analysts [4] - Total Non-Interest Income was $45.43 million, exceeding the three-analyst average estimate of $41.71 million [4] - Net Interest Income (FTE) was reported at $217.19 million, compared to the $214.89 million average estimate from two analysts [4]

Home BancShares (HOMB) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.70%. A quarter ago, it was expected that this bank holding company would post earnings of $0.52 per share when it actually produced earnings of $0.50, delivering a surprise of -3.85%.Over the last four quarters, ...

Financial Performance - Net income for Q1 2025 was $115.2 million, or $0.58 diluted earnings per share, marking a record for the company[6]. - Total revenue (net) for Q1 2025 was $260.1 million, compared to $258.4 million in Q4 2024[2]. - Non-interest income for Q1 2025 was $45.4 million, with significant contributions from service charges and fees[9]. - Non-interest expense for Q1 2025 was $112.9 million, with salaries and employee benefits accounting for $61.9 million[10]. - The efficiency ratio for Q1 2025 was 42.22%, indicating operational efficiency[10]. - Net interest income for the quarter was $214,656 thousand, compared to $204,590 thousand in the same quarter last year, marking a 4.9% increase[48]. - Non-interest income increased to $45,426 thousand for the quarter, up from $41,799 thousand in the same quarter last year, representing an 8.5% growth[48]. - Pre-tax net income for the quarter was $147,154 thousand, an increase from $129,454 thousand in the same quarter last year, showing a growth of 13.7%[48]. Asset and Loan Growth - Total loans receivable reached a record $14.95 billion at March 31, 2025, up from $14.76 billion at December 31, 2024[12]. - The company experienced $291.5 million in organic loan growth during Q1 2025[13]. - Total loans receivable increased to $14,952,116 thousand from $14,764,500 thousand in the previous quarter, representing a growth of 1.27%[40]. - Loans receivable net rose to $14,672,172 thousand, compared to $14,488,620 thousand in the previous quarter, reflecting an increase of 1.3%[32]. Credit Quality - Non-performing loans to total loans decreased to 0.60% at March 31, 2025, down from 0.67% at December 31, 2024[14]. - As of March 31, 2025, total non-performing loans amounted to $89.647 million, a decrease from $98.887 million on December 31, 2024, representing a reduction of approximately 9.1%[16]. - Total non-performing assets were $129.390 million as of March 31, 2025, down from $142.357 million at December 31, 2024, reflecting a decrease of approximately 9.1%[16]. - The company reported a total credit loss expense of $0 for the current quarter, compared to $16,700,000 in the previous quarter, reflecting improved credit quality[34]. - Provision for credit losses on loans was $0 for the current quarter, compared to $16,700,000 in the previous quarter, indicating a significant reduction in credit loss provisions[34]. Equity and Capital - Stockholders' equity increased to $4.04 billion at March 31, 2025, up by approximately $81.5 million from December 31, 2024, primarily due to a $76.5 million increase in retained earnings[17]. - Book value per common share reached $20.40 at March 31, 2025, compared to $19.92 at December 31, 2024, marking a record high for the company[17]. - Tangible book value per common share increased to $13.15 at March 31, 2025, from $12.68 at December 31, 2024, also a record for the company[17]. - The company reported a total of $3,977,671,000 in shareholders' equity as of March 31, 2025, compared to $3,783,652,000 a year earlier, indicating a solid capital position[44]. Deposits and Liabilities - Total deposits increased to $17.54 billion at March 31, 2025, compared to $17.15 billion at December 31, 2024[12]. - Total liabilities rose to $18,949,648 thousand from $18,529,723 thousand, an increase of 2.3%[32]. - The company experienced a decrease in total interest-bearing deposits to $13,204,191,000 in Q1 2025 from $12,724,103,000 in Q1 2024, indicating a shift in funding sources[44]. Operational Efficiency - The company maintained a strong net interest margin, with net interest income of $214,656,000 against total interest income of $312,542,000, resulting in a margin of approximately 68.6%[34]. - The efficiency ratio improved to 42.22% for the quarter ended March 31, 2025, compared to 44.22% in the same quarter last year, indicating enhanced operational efficiency[38]. - Return on average assets (ROA) rose to 2.07% for the quarter, up from 1.78% in the same quarter last year, indicating stronger asset utilization[36]. - Return on average common equity (ROE) improved to 11.75% for the quarter, compared to 10.64% in the same quarter last year, reflecting better profitability[36]. Future Outlook - The company plans to conduct a conference call on April 17, 2025, to discuss these financial results and future outlook[21].

Core Points - Home BancShares, Inc. reported a record net income of $115.2 million for Q1 2025, translating to diluted earnings per share of $0.58, marking a significant increase from previous quarters [5][2][3] - The company experienced a total revenue of $260.1 million for the same period, reflecting a steady growth trajectory [2][9] - The net interest margin improved to 4.44%, up from 4.39% in the previous quarter, indicating effective management of interest income and expenses [6][9] Financial Performance - Net income for Q1 2025 was $115.2 million, compared to $100.6 million in Q4 2024 and $100.0 million in Q3 2024 [2][5] - Total revenue for Q1 2025 was $260.1 million, up from $258.4 million in Q4 2024 and $258.0 million in Q3 2024 [2] - The company’s net interest income on a fully taxable equivalent basis was $217.2 million for Q1 2025, down from $219.5 million in Q4 2024 [9] Loan and Deposit Growth - Total loans receivable reached a record $14.95 billion as of March 31, 2025, an increase from $14.76 billion at the end of 2024 [13][14] - Total deposits also grew to $17.54 billion, up from $17.15 billion at the end of the previous quarter [13] - The company reported a $187.6 million increase in loans during the first quarter, with organic loan growth of $291.5 million in community banking [14] Asset Quality - Non-performing loans to total loans decreased to 0.60% as of March 31, 2025, down from 0.67% at the end of 2024 [15] - The allowance for credit losses on loans was $279.9 million, representing 1.87% of total loans, consistent with the previous quarter [19] Capital and Efficiency - Stockholders' equity increased to $4.04 billion, reflecting a $81.5 million rise from December 31, 2024, primarily due to retained earnings [19] - The efficiency ratio for Q1 2025 was reported at 42.22%, indicating effective cost management [11] Management Commentary - The CEO emphasized the importance of consistent execution in driving revenue and managing expenses, highlighting a strong start to the year [3]

Core Insights - Home BancShares (HOMB) is projected to announce quarterly earnings of $0.54 per share, reflecting a year-over-year increase of 10.2% [1] - Revenues are expected to reach $253.66 million, marking a 3% increase from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, indicating stability in analysts' forecasts [1] Financial Metrics - Analysts estimate a 'Net Interest Margin' of 4.4%, up from 4.1% a year ago [4] - The 'Efficiency Ratio' is expected to be 44.0%, slightly lower than the previous year's 44.2% [4] - 'Total non-performing loans' are projected to reach $83.84 million, compared to $79.98 million a year prior [4] Additional Estimates - The consensus for 'Average balance - Total interest-earning assets' is $19.66 billion, down from $20.03 billion in the same quarter last year [5] - 'Total non-performing assets' are anticipated to be $127.27 million, up from $110.70 million a year ago [5] - 'Net Interest Income' is predicted to be $211.95 million, compared to $204.59 million in the same quarter last year [6] - 'Total Non-Interest Income' is expected to be $41.71 million, slightly down from $41.80 million a year ago [6] - 'Net Interest Income (FTE)' is estimated at $214.89 million, up from $205.48 million a year prior [7] Market Performance - Over the past month, Home BancShares shares have declined by 9.7%, while the Zacks S&P 500 composite has decreased by 6.1% [7] - The company holds a Zacks Rank 3 (Hold), suggesting it will likely perform in line with the overall market in the near term [7]