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Home Bancshares, Inc. (HOMB) Q3 2023 Earnings Call Transcript

Home BancShares (HOMB) came out with quarterly earnings of $0.47 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.54 per share a year ago.

After poor performance in the first half of the year, the loan trend is likely to have turned around in the second half of the year due to macroeconomic factors. Further margin expansion is likely due to a lagged effect of recent rate hikes and shift in treasury yields. The December 2023 target price suggests a high upside from the current market price. Further, HOMB is offering a modest dividend yield.

CONWAY, Ark., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB), parent company of Centennial Bank, today announced it expects to release Third Quarter 2023 earnings before the market opens on October 19, 2023. Following this release, management will conduct a conference call to review these earnings at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, October 19, 2023.

Home BancShares has seen record revenues, EBIT and net income since 2014, with a debt/equity ratio down 74% from its peak in Q4-2015. The company has repurchased approximately $25m of shares this year. Meanwhile, multiples are depressed, with P/B, P/S, and P/E (quarterly) now sitting 56%, 51%, and 46% below their Q4-2016 peaks. The recent acquisition of LendingClub Bank's marine loan portfolio and Happy Bancshares could lead to additional revenue and customer base growth for the firm.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB ) Q2 2023 Earnings Conference Call July 20, 2023 2:00 PM ET Company Participants Donna Townsell - Director, Investor Relations John Allison - Chairman Tracy French - President and Chief Executive Officer, Centennial Bank Stephen Tipton - Chief Operating Officer Kevin Hester - Chief Lending Officer Brian Davis - Chief Financial Officer Chris Poulton - President, CCFG John Marshall - President, Shore Premier Finance Conference Call Participants Jon Arfstrom - RBC Matt Olney - Stephens Inc Brett Rabatin - Hovde Group Stephen Scouten - Piper Sandler Michael Rose - Raymond James Brady Gailey - Keefe Bruyette & Woods Inc. Brian Martin - Janney Operator Greetings, ladies and gentlemen. Welcome to the Home Bancshares, Inc. Second Quarter 2023 Earnings Call.

CONWAY, Ark., June 20, 2023 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB), parent company of Centennial Bank, today announced it expects to release Second Quarter 2023 earnings before the market opens on July 20, 2023. Following this release, management will conduct a conference call to review these earnings at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, July 20, 2023.

Hovde Group analysts on Friday said bank stocks offer a “rare entry point” as they called a potential bottom to the steep selloffs in the sector amid speculation about further bank failures despite updates from regional banks on deposit strength.

Home Bancshares, Inc. (HOMB) Q1 2023 Earnings Call Transcript.

CONWAY, Ark., March 20, 2023 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB), parent company of Centennial Bank, today announced it expects to release First Quarter 2023 earnings before the market opens on April 20, 2023. Following this release, management will conduct a conference call to review these earnings at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, April 20, 2023.