Home BancShares Q4 2024 Earnings Report

Home BancShares reported strong Q4 2024 earnings, completing Texas loan cleanup and setting new records in revenue and earnings.

Key Takeaways

Home BancShares, Inc. reported a net income of $100.6 million, or $0.51 diluted earnings per share, for the fourth quarter of 2024. The company completed a significant asset quality cleanup, particularly focusing on legacy loans, and achieved new records with $1 billion in revenue and $400 million in earnings for the year.

Net income for Q4 2024 was $100.6 million, or $0.51 diluted earnings per share.

Adjusted net income (non-GAAP) for Q4 2024 was $99.8 million, or $0.50 per share.

Net interest margin increased to 4.39% for Q4 2024, up from 4.28% in the previous quarter.

The company completed an asset quality cleanup project, resulting in net charge-offs of $53.4 million for the quarter.