Shares of Home BancShares HOMB fell 1% after the company reported Q3 results.
Quarterly Results
Earnings per share were down 4.55% over the past year to $0.42, which beat the estimate of $0.39.
Revenue of $176,089,000 rose by 4.99% year over year, which beat the estimate of $172,870,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Home BancShares hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Oct 15, 2020
Time: 02:00 PM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/homb/mediaframe/40706/indexr.html
Price Action
Company's 52-week high was at $21.04
Company's 52-week low was at $9.71
Price action over last quarter: Up 2.61%
Company Overview
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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