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Jun 30, 2021
Home BancShares Q2 2021 Earnings Report
Reported record net income through first six months of 2021 and maintained stable performance.
Key Takeaways
Home BancShares, Inc. reported a net income of $79.1 million, or $0.48 earnings per share, for the three-month period ended June 30, 2021. The company experienced loan decline of approximately $579.3 million during the second quarter 2021.
Net income for the quarter was $79.1 million, or $0.48 earnings per share.
Recorded a negative provision for unfunded commitments of $4.8 million, or $0.02 per share, primarily due to a single commercial & industrial loan.
Net interest margin was 3.61% for the quarter.
Total assets were $17.63 billion as of June 30, 2021, compared to $17.24 billion as of March 31, 2021.
Forward Guidance
The company plans to be patient and maintain discipline in its approach to loan growth, focusing on long-term value rather than short-term gains, while preparing for potential higher rates and inflation.
Positive Outlook
- Continued stable performance.
- Record net income for the six-month period ended June 30, 2021.
- Maintaining discipline in face of economic instability.
- Prepared for higher rates.
- Prepared for more inflation.
Challenges Ahead
- Potential impact of economic conditions.
- Credit quality concerns.
- Interest rate fluctuations.
- Changes in loan demand.
- Real estate value uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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