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Home Bancshares ( (HOMB) ) has shared an announcement.
Home BancShares, Inc. reported its financial results for the fourth quarter of 2024, achieving notable milestones with $1 billion in revenue and $400 million in earnings for the year. The company completed a significant asset quality cleanup, which included addressing legacy loans from Happy Bank, and made provisions for credit losses due to Hurricanes Helene and Milton. The company also improved its net interest margin by repaying a $700 million Federal Reserve advance, setting a strong foundation for 2025.
More about Home Bancshares
Home BancShares, Inc., the parent company of Centennial Bank, operates within the banking industry. The company provides a range of financial services, primarily focusing on community banking, which includes deposit services and loan products.
YTD Price Performance: 2.34%
Average Trading Volume: 1,004,951
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.66B
See more insights into HOMB stock on TipRanks’ Stock Analysis page.
