Home BancShares Q4 2020 Earnings Report
Key Takeaways
Home BancShares, Inc. reported record quarterly earnings with net income increasing to $81.8 million and earnings per share reaching $0.50. The company experienced a strong performance driven by its talented team of bankers.
Net income and earnings per share were quarterly records for the Company.
Net income increased $12.5 million, or 17.99%, to $81.8 million for the three-month period ended December 31, 2020, from $69.3 million for the three-month period ended September 30, 2020.
Earnings per share increased $0.08 per share, or 19.05%, to $0.50 per share for the three-month period ended December 31, 2020, from $0.42 per share for the three-month period ended September 30, 2020.
The Company’s provisioning model is closely tied to unemployment rate projections which continued to improve through the end of 2020.
Home BancShares
Home BancShares
Forward Guidance
This document does not contain forward guidance.