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.

Total Revenue
$243M
Previous year: $172M
+41.2%
EPS
$0.47
Previous year: $0.48
-2.1%
Efficiency Ratio
66.31%
Previous year: 41.08%
+61.4%
Net Interest Margin
3.64%
Previous year: 3.61%
+0.8%
NPAs to Total Assets
0.25%
Previous year: 0.35%
-28.6%
Gross Profit
$140M
Cash and Equivalents
$2.82B
Previous year: $2.94B
-4.2%
Free Cash Flow
$8.6M
Previous year: $88.2M
-90.3%
Total Assets
$24.3B
Previous year: $17.6B
+37.6%

Home BancShares

Home BancShares

Home BancShares Revenue by Geographic Location

Forward Guidance

No specific forward guidance was provided in the earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income