Home Bancshares (HOMB) Q4 2024 Earnings Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
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Should l Buy HOMB?
Source: NASDAQ.COM
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Analyst Views on HOMB
Wall Street analysts forecast HOMB stock price to rise
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 26.890
Low
32.00
Averages
33.00
High
35.00
Current: 26.890
Low
32.00
Averages
33.00
High
35.00
About HOMB
Home BancShares, Inc. is a bank holding company. The Company through 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. The Company operates approximately 78 branches in Florida, 75 branches in Arkansas, 59 branches in Texas, eight branches in Tennessee, five branches in South Alabama and one branch in New York City. It provides personal banking, business banking, mortgage, and wealth management. Its business banking includes checking, savings, money market, treasury management services, lending, association banking, insurance, additional services, and small business and USDA. Its wealth management includes financial services and trust services. Its personal banking includes personal loans, insurance, eBanking, health savings, budgeting, information security, savings, checking, and financial literacy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Home BancShares Q1 2026 Earnings Call Insights
- Merger Progress: Home BancShares has completed the acquisition of Mountain Commerce, but the conversion will not start until November, meaning maximum anticipated savings will not be realized until the end of 2026, impacting short-term cost efficiency.
- Credit Loss Control: The company decided to classify a $110 million Texas credit as non-performing this quarter, with management not anticipating any additional losses, reflecting confidence in credit quality and helping to stabilize investor sentiment.
- Stock Buyback Plan: In Q1, the company repurchased 507,000 shares for a total of $13.9 million, with management indicating a willingness to be active in buybacks if market volatility continues, demonstrating confidence in its stock and commitment to shareholders.
- Strong Financial Performance: The first quarter net income reached $118.2 million with a 2.09% return on assets and a $258 million increase in deposit balances, showcasing the company's robust growth and effective financial management in the market.
See More
Home BancShares Q1 Earnings Beat Expectations
- Earnings Beat: Home BancShares reported a Q1 non-GAAP EPS of $0.60, exceeding expectations by $0.01, indicating stable profitability amidst market fluctuations.
- Revenue Miss: The Q1 revenue of $266.7 million, while up 2.5% year-over-year, fell short of expectations by $6.88 million, reflecting challenges in the current market environment.
- Significant PPNR Growth: Adjusted PPNR increased by $9.9 million, or 6.9%, year-over-year to approximately $152.7 million, demonstrating effective cost control and revenue generation strategies.
- Improved ROA: The adjusted ROA rose to approximately 2.09%, indicating enhanced asset utilization efficiency, which boosts investor confidence in the company's future growth prospects.
See More
Home BancShares Reports Q1 2026 Earnings with Stable Performance
- Stable Net Income: In Q1 2026, Home BancShares reported net income of approximately $118.2 million, consistent with the previous quarter, demonstrating the company's stability amid uncertain economic conditions and reflecting strong operational fundamentals and sustainable profitability.
- Revenue Growth: Total revenue for the first quarter reached approximately $266.7 million, representing a 2.5% year-over-year increase, indicating the resilience of the company's revenue base and laying a solid foundation for future growth despite a decline from the fourth quarter.
- Effective Cost Management: The company maintained non-interest expenses at approximately $114 million in Q1, showcasing effective cost control that supports strong operating leverage and overall earnings performance, with an efficiency ratio of 41.6%.
- Share Buybacks and Dividends: During Q1 2026, the company repurchased 507,622 shares of common stock, resulting in a shareholder buyback yield of 0.25%, while maintaining a dividend of $0.21 per share, reflecting the company's commitment to returning value to shareholders.
See More
Major Earnings Reports Expected Wednesday: SLG, JBHT, ONC, MIND, HOMB
- Earnings Report Preview: On Wednesday, major companies including SL Green Realty Corp., J.B. Hunt Transport Services, BeOne Medicines AG, MIND Technology, and Home BancShares are set to release their earnings reports, generating significant market anticipation.
- Market Focus: Investors will closely monitor these earnings to assess performance in the current economic climate, particularly the impacts on key sectors such as real estate, transportation, and healthcare.
- Earnings Season Schedule: This earnings release is a crucial part of the earnings season, with Seeking Alpha providing a comprehensive calendar to help investors stay informed about market developments.
- Investor Strategy Adjustments: As earnings reports approach, investors may adjust their strategies based on expected performance to navigate potential market volatility and industry trends.
See More
Home Bancshares (HOMB) Q4 2024 Earnings Transcript
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Home BancShares Set to Announce Q1 Earnings on April 15
- Earnings Announcement: Home BancShares (HOMB) is set to release its Q1 2023 earnings on April 15 after market close, with consensus EPS estimates at $0.59, reflecting a 5.4% year-over-year increase, and revenue estimates at $273.95 million, up 5.3%, indicating the company's ongoing profitability and growth potential.
- Historical Performance: Over the past two years, HOMB has surpassed EPS estimates 75% of the time and revenue estimates 88% of the time, demonstrating the company's financial stability and strong market confidence.
- Upward Revision Trends: In the last three months, EPS estimates have seen five upward revisions with no downward adjustments, while revenue estimates have experienced eight upward revisions, reflecting analysts' optimistic outlook on the company's future performance, which could further drive stock price increases.
- Strategic Expansion Plans: Home BancShares aims to pursue further M&A opportunities in 2026, particularly in Tennessee, and its acquisition of Mountain Commerce enhances its attractiveness among mid-cap financial stocks, thereby strengthening its competitive position in the market.
See More
Home BancShares Q1 2026 Earnings Call Insights
- Merger Progress: Home BancShares has completed the acquisition of Mountain Commerce, but the conversion will not start until November, meaning maximum anticipated savings will not be realized until the end of 2026, impacting short-term cost efficiency.
- Credit Loss Control: The company decided to classify a $110 million Texas credit as non-performing this quarter, with management not anticipating any additional losses, reflecting confidence in credit quality and helping to stabilize investor sentiment.
- Stock Buyback Plan: In Q1, the company repurchased 507,000 shares for a total of $13.9 million, with management indicating a willingness to be active in buybacks if market volatility continues, demonstrating confidence in its stock and commitment to shareholders.
- Strong Financial Performance: The first quarter net income reached $118.2 million with a 2.09% return on assets and a $258 million increase in deposit balances, showcasing the company's robust growth and effective financial management in the market.
See More
Home BancShares Q1 Earnings Beat Expectations
- Earnings Beat: Home BancShares reported a Q1 non-GAAP EPS of $0.60, exceeding expectations by $0.01, indicating stable profitability amidst market fluctuations.
- Revenue Miss: The Q1 revenue of $266.7 million, while up 2.5% year-over-year, fell short of expectations by $6.88 million, reflecting challenges in the current market environment.
- Significant PPNR Growth: Adjusted PPNR increased by $9.9 million, or 6.9%, year-over-year to approximately $152.7 million, demonstrating effective cost control and revenue generation strategies.
- Improved ROA: The adjusted ROA rose to approximately 2.09%, indicating enhanced asset utilization efficiency, which boosts investor confidence in the company's future growth prospects.
See More
Home BancShares Reports Q1 2026 Earnings with Stable Performance
- Stable Net Income: In Q1 2026, Home BancShares reported net income of approximately $118.2 million, consistent with the previous quarter, demonstrating the company's stability amid uncertain economic conditions and reflecting strong operational fundamentals and sustainable profitability.
- Revenue Growth: Total revenue for the first quarter reached approximately $266.7 million, representing a 2.5% year-over-year increase, indicating the resilience of the company's revenue base and laying a solid foundation for future growth despite a decline from the fourth quarter.
- Effective Cost Management: The company maintained non-interest expenses at approximately $114 million in Q1, showcasing effective cost control that supports strong operating leverage and overall earnings performance, with an efficiency ratio of 41.6%.
- Share Buybacks and Dividends: During Q1 2026, the company repurchased 507,622 shares of common stock, resulting in a shareholder buyback yield of 0.25%, while maintaining a dividend of $0.21 per share, reflecting the company's commitment to returning value to shareholders.
See More
Major Earnings Reports Expected Wednesday: SLG, JBHT, ONC, MIND, HOMB
- Earnings Report Preview: On Wednesday, major companies including SL Green Realty Corp., J.B. Hunt Transport Services, BeOne Medicines AG, MIND Technology, and Home BancShares are set to release their earnings reports, generating significant market anticipation.
- Market Focus: Investors will closely monitor these earnings to assess performance in the current economic climate, particularly the impacts on key sectors such as real estate, transportation, and healthcare.
- Earnings Season Schedule: This earnings release is a crucial part of the earnings season, with Seeking Alpha providing a comprehensive calendar to help investors stay informed about market developments.
- Investor Strategy Adjustments: As earnings reports approach, investors may adjust their strategies based on expected performance to navigate potential market volatility and industry trends.
See More
Home Bancshares (HOMB) Q4 2024 Earnings Transcript
See More
Home BancShares Set to Announce Q1 Earnings on April 15
- Earnings Announcement: Home BancShares (HOMB) is set to release its Q1 2023 earnings on April 15 after market close, with consensus EPS estimates at $0.59, reflecting a 5.4% year-over-year increase, and revenue estimates at $273.95 million, up 5.3%, indicating the company's ongoing profitability and growth potential.
- Historical Performance: Over the past two years, HOMB has surpassed EPS estimates 75% of the time and revenue estimates 88% of the time, demonstrating the company's financial stability and strong market confidence.
- Upward Revision Trends: In the last three months, EPS estimates have seen five upward revisions with no downward adjustments, while revenue estimates have experienced eight upward revisions, reflecting analysts' optimistic outlook on the company's future performance, which could further drive stock price increases.
- Strategic Expansion Plans: Home BancShares aims to pursue further M&A opportunities in 2026, particularly in Tennessee, and its acquisition of Mountain Commerce enhances its attractiveness among mid-cap financial stocks, thereby strengthening its competitive position in the market.
See More
