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Jun 30, 2022
Home BancShares Q2 2022 Earnings Report
Record setting quarterly revenue resulted from patience, liquidity, asset quality, capital, reserves and net interest margin.
Key Takeaways
Home BancShares, Inc. reported net income of $16.0 million, or $0.08 earnings per share for the second quarter of 2022. Adjusted net income was $97.0 million, or $0.47 earnings per share. The company completed its acquisition of Happy Bancshares, Inc. during the quarter, which impacted earnings due to provisions for credit losses and merger expenses.
Net income for the three-month period ended June 30, 2022 was $16.0 million, or $0.08 earnings per share.
Adjusted net income was $97.0 million, or $0.47 earnings per share.
The Company completed its previously announced acquisition of Happy Bancshares, Inc. during the second quarter of 2022.
Net interest margin was 3.64% for the three-month period ended June 30, 2022.
Home BancShares
Home BancShares
Forward Guidance
No specific forward guidance was provided in the earnings report.