Home BancShares Posts 65c Q3 EPS
HOMB is trading near its 52-week low of $25.5 (9.3% above the low).
Summary
Home BancShares reported third-quarter earnings per share of 65 cents and net income of $129.5 million. Third-quarter revenue rose on net interest income strength. The headline provides no comparison to prior-year or consensus figures, so the result's quality is unclear. This follows a Q2 marked by record revenue but a sharp rise in non-performing loans tied to a single large credit. The MCBI acquisition closed in Q2, adding scale and merger costs that may still be flowing through results. Without loan quality or guidance details, the EPS figure alone is a modest update for a $5.7 billion market cap bank.
At the time of this announcement, HOMB was trading at $27.88 on NYSE in the Finance sector, with a market capitalization of approximately $5.7B. The 52-week trading range was $25.50 to $31.70. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.