•
Dec 31, 2023
Home BancShares Q4 2023 Earnings Report
Home BancShares faced challenges due to West Texas headwinds and a surprise FDIC assessment, impacting their 2023 goal achievement.
Key Takeaways
Home BancShares reported a net income of $86.2 million for Q4 2023, impacted by events in West Texas and a surprise FDIC assessment. Excluding these events, the company would have exceeded its $400 million goal and earned over $2.00 per share.
Net income for Q4 2023 was $86.2 million, or $0.43 diluted earnings per share.
Adjusted net income, excluding non-fundamental items, was $92.2 million, or $0.46 per share.
The FDIC assessment resulted in a $0.05 reduction to earnings per share.
Net interest margin was 4.17% for the quarter.
Home BancShares
Home BancShares
Forward Guidance
The company did not provide specific forward guidance in the earnings report.