Home BancShares Q4 2024 Earnings Report
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.
Home BancShares
Home BancShares
Forward Guidance
Management anticipates an even greater year in 2025, driven by a strong balance sheet, capital, and loan loss reserve.