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Sep 30, 2020
Home BancShares Q3 2020 Earnings Report
Home BancShares achieved record third quarter earnings driven by strong PPNR growth and efficient operations.
Key Takeaways
Home BancShares reported a record third quarter with net income increasing by 10.3% to $69.3 million and total revenue increasing by 1.4% to $176.1 million. The company's PPNR reached a record $104.4 million, contributing to a strong efficiency ratio of 39.56%.
Net income increased by 10.3% to $69.3 million.
Total revenue increased by 1.4% to $176.1 million.
Pre-tax, Pre-Provision Net Revenue (PPNR) reached a record $104.4 million.
Efficiency ratio improved to 39.56%.
Home BancShares
Home BancShares
Forward Guidance
The release does not contain specific forward guidance. However, it expresses confidence in the company's strong earnings power despite economic uncertainties.