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Jun 30, 2024
Home BancShares Q2 2024 Earnings Report
Home BancShares' Q2 2024 earnings reflected consistent performance and a patient strategy, resulting in solid results.
Key Takeaways
Home BancShares reported a net income of $101.5 million, or $0.51 diluted earnings per share, for the second quarter of 2024. The company experienced profitable loan growth and a lower efficiency ratio, while overcoming the additional $2.3 million of FDIC special assessment. Record highs were achieved for book value per common share of $19.30 and tangible book value per common share of $12.08.
Net income for Q2 2024 was $101.5 million, or $0.51 diluted earnings per share.
Total revenue (net) for Q2 2024 reached $254.6 million.
Book value per common share hit a record high of $19.30.
Tangible book value per common share also reached a record high of $12.08.
Forward Guidance
The company did not provide a quantitative forward guidance. However, they expressed optimism regarding their ability to manage liquidity and maintain a strong financial position.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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