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Mar 31, 2021
Home BancShares Q1 2021 Earnings Report
Reported record quarterly earnings due to unwavering discipline, strong margins, great efficiency, hard work and smart investments.
Key Takeaways
Home BancShares, Inc. reported a record quarterly earnings with net income of $91.6 million and earnings per share of $0.55. The company's net interest margin was 4.02%, and the efficiency ratio was 36.60%.
Net income and earnings per share were quarterly records for the Company.
Net income increased $9.8 million, or 11.99%, to $91.6 million for the three-month period ended March 31, 2021, from $81.8 million for the three-month period ended December 31, 2020.
Earnings per share increased $0.05 per share, or 10.00%, to $0.55 per share for the three-month period ended March 31, 2021, from $0.50 per share for the three-month period ended December 31, 2020.
During the first quarter of 2021, the Company did not record any credit loss expense.
Home BancShares
Home BancShares
Forward Guidance
This release may contain forward-looking statements regarding the Company’s plans, expectations, goals and outlook for the future.