Home BancShares quarterly net income up more than 16%, beats estimates
by July 16, 2025 4:42 pm 711 views
Home BancShares on Wednesday (July 16) posted second quarter net income of $118.403 million, up 16.6% compared with $101.53 million in the same quarter of 2024. Earnings per share of 60 cents beat the consensus estimate of 57 cents.
The Conway-based bank company, which is the parent company of Centennial Bank, also reported quarterly revenue of $271.031 million, above the $254.596 million in the same period of 2024. The revenue also beat the consensus estimate of $262.56 million.
“I am once again very pleased with our quarterly results. Diluted EPS of $0.60 and net income of $118.4 million are both records for HOMB,” bank Chair and CEO John Allison said in the earnings report. “The ongoing, consistent performance from our bankers led to numerous other records being set in the second quarter, further highlighting that strength is no accident.”
Net income in the first half of 2025 was $233.612 million, above the $201.639 million in the same period of 2024. First half revenue was $531.113 million, also better than the $500.985 million in the same period of 2024.
“During the second quarter of 2025, the Company had a $228.5 million increase in loans,” the company noted in the report. “Our community banking footprint experienced $106.8 million in organic loan growth during the quarter ended June 30, 2025, and Centennial CFG experienced $121.7 million of organic loan growth and had loans of $1.83 billion at June 30, 2025.”
Following are other financial items from the second quarter report.
• Total assets as of June 30 reached $22.907 billion, below the $22.919 billion at the same period in 2024.
• Total loans receivable as of June 30 were $14.898 billion, up from the $14.485 billion at the same period in 2024.
• Total deposits as of June 30 were $17.488 billion, up from the $16.955 billion at the same period in 2024.
• The return on assets as of June 30 was 2.08%, up from 1.79% in the same period in 2024.
Home BancShares posted 2024 net income of $402.241 million, up 2.7% compared with 2023, and a record for the bank holding company. For the year, the bank posted revenue of $1.017 billion, above the $996.879 million in 2024.
Founded in 1999, Home BancShares has 75 branches in Arkansas, 78 branches in Florida, 58 branches in Texas, 5 branches in Alabama and one branch in New York City.
Shares of Home BancShares (NASDAQ: HOMB) closed Wednesday at $28.52, up 2 cents. The earnings report was posted after the markets closed. During the past 52 weeks, the share price has ranged between $32.91 and $22.42.