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Mar 31, 2022
Home BancShares Q1 2022 Earnings Report
Home BancShares reported earnings that beat EPS estimates for the first quarter of 2022.
Key Takeaways
Home BancShares, Inc. reported a solid performance in the first quarter of 2022, with net income of $64.9 million, or $0.40 earnings per share, despite a volatile economic environment.
Net income for the three-month period ended March 31, 2022 was $64.9 million, or $0.40 earnings per share.
The Company did not record any credit loss expense during the first quarter of 2022.
Net interest margin was 3.21% for the three-month period ended March 31, 2022.
Total loans receivable were $10.05 billion at March 31, 2022 compared to $9.84 billion at December 31, 2021.
Forward Guidance
Management anticipates continued rate hikes by the Federal Reserve and is positioned to deploy excess cash in the remainder of the year.
Positive Outlook
- Company has over $3.5 billion in excess cash.
- Rising interest rates could benefit the Company.
- Company's discipline has delivered solid performance.
- Positioned well in the market.
- Expectation of continued rate hikes by the Fed.
Challenges Ahead
- Record high wholesale prices.
- Rising interest rates.
- Future recession fears.
- Global unrest.
- Volatile quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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