Shares of Home BancShares HOMB were unchanged after the company reported Q2 results.
Earnings per share increased 9.30% year over year to $0.47, which beat the estimate of $0.26.
Revenue of $173,690,000 higher by 5.87% from the same period last year, which beat the estimate of $165,620,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
Date: Jul 16, 2020
Time: 02:00 PM
Company's 52-week high was at $21.04
Company's 52-week low was at $9.71
Price action over last quarter: Up 21.47%
Home BancShares is a bank holding company that primarily operates through its wholly owned community bank subsidiary, Centennial Bank. The bank provides a broad range of commercial and retail banking, as well as related financial services, to a diverse customer base. Its customer base includes businesses, real estate developers and investors, individuals, and municipalities. The company's loan portfolio, while diversified, is typically between half and two thirds in commercial real estate loans. The company's strategy emphasizes growth, both through strategic acquisitions and organically within its existing markets. The bank also emphasizes attracting experienced bankers, strong credit quality, and a solid balance sheet. The bank's main source of net revenue is net interest income.
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