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.

Previous year: 46.82%