Home BancShares Q2 2021 Earnings Report
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.
Home BancShares
Home BancShares
Home BancShares Revenue by Geographic Location
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.