Jun 30, 2023

Home BancShares Q2 2023 Earnings Report

Home BancShares' Q2 2023 performance was marked by safe harbor for uninsured deposits and strong asset quality.

Key Takeaways

Home BancShares reported a net income of $105.3 million and diluted earnings per share of $0.52 for the second quarter of 2023. The company's asset quality remained strong, and it maintained a robust liquidity position.

Net income was $105.3 million, or $0.52 diluted earnings per share.

Net interest margin was 4.28%.

Total loans receivable were $14.18 billion, and total deposits were $17.00 billion.

The company held $1.71 billion in net available internal liquidity and $4.90 billion in net available external liquidity as of June 30, 2023.

Total Revenue
$257M
Previous year: $243M
+5.7%
EPS
$0.51
Previous year: $0.47
+8.5%
Efficiency Ratio
44%
Previous year: 66.31%
-33.6%
Net Interest Margin
4.28%
Previous year: 3.64%
+17.6%
NPAs to Total Assets
0.28%
Previous year: 0.25%
+12.0%
Cash and Equivalents
$611M
Previous year: $2.82B
-78.3%
Free Cash Flow
$48.1M
Previous year: $8.6M
+459.1%
Total Assets
$22.1B
Previous year: $24.3B
-8.8%

Home BancShares

Home BancShares

Home BancShares Revenue by Geographic Location

Forward Guidance

The company did not provide specific forward guidance in this earnings report.