Home Bancshares: Upgrade To Buy While Reducing Earnings Estimate Due To Hurricanes

Core Viewpoint - Home Bancshares, Inc. is expected to see earnings growth in the upcoming quarters, with a projected increase of 2.4% to $1.98 per share, despite challenges from elevated provisioning for expected loan losses due to hurricanes [1] Earnings Outlook - Earnings growth is anticipated to be constrained by higher provisions for loan losses resulting from recent hurricanes [1] - The expected earnings growth rate is 2.4%, leading to a projected earnings per share of $1.98 [1]