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Sep 30, 2021
Home BancShares Q3 2021 Earnings Report
Home BancShares beat expectations on net income and EPS, achieving a new nine-month record on both, and recorded loan growth in September.
Key Takeaways
Home BancShares, Inc. reported a net income of $75.0 million, or $0.46 earnings per share, for the third quarter of 2021. The company's net income for the nine-month period ended September 30, 2021, was $245.7 million, or $1.49 earnings per share, both of which are records for the Company.
Net income for the three-month period ended September 30, 2021 was $75.0 million, or $0.46 earnings per share.
Net income for the nine-month period ended September 30, 2021 was $245.7 million, or $1.49 earnings per share, both of which are records for the Company.
During the third quarter of 2021, the Company did not record any credit loss expense.
Net interest margin was 3.60% for the three-month period ended September 30, 2021 compared to 3.61% for the three-month period ended June 30, 2021.
Forward Guidance
The Company’s previously announced acquisition of Happy Bancshares, Inc. (“Happy”) and its bank subsidiary, Happy State Bank, is currently expected to close during the first quarter of 2022 and is subject to the approval of the shareholders of each company, regulatory approvals and other customary closing conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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