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Home Bancshares (HOMB)
NYSE:HOMB
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Earnings Data
Report Date
Jan 15, 2025After Close Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.53Last Year’s EPS
$0.46Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2024
|% Change Since: 2.31%
|Next Earnings Date:Jan 15, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong core earnings and efficient cost management, contributing to record revenue. However, the impact of hurricanes and ongoing credit issues in Texas posed challenges, along with a notable decline in deposits. Despite these setbacks, the company's strong capital position and efficiency improvements are positive indicators.Company Guidance
During the Home Bancshares, Inc. third-quarter 2024 earnings call, the company provided guidance on several metrics highlighting a strong performance despite challenges from recent hurricanes. Key metrics included a total revenue of $258 million, a record in core earnings, with a pretax pre-provision net income (PPNR) of $148 million, marking a 2.57% return on assets (ROA). The net interest margin was reported at 4.28%, with loan yields improving to 7.59%, while total deposit costs saw a slight increase to 2.31%. The efficiency ratio improved to 41.42%, and the tangible common equity ratio stood at 11.78%. Despite a $16.7 million reserve for hurricane impact, the company achieved a reported ROA of 1.74% and projected annualized income exceeding $450 million, equating to an ROA of 1.96% without the reserve. The executives noted the potential need for additional reserves up to $20 million due to the hurricane's aftermath but remained optimistic about the company's resilience and future opportunities.Record Core Earnings
The company reported its best-ever core earnings with total revenue reaching $258 million. Pre-tax pre-provision net income (PPNR) was $148 million, indicating a 2.57% return on assets without the hurricane reserve.
Improved Efficiency and Cost Management
Non-interest expense for Q3 2024 was reduced to $110 million from $113 million in Q2 2024 and $114.7 million in Q3 2023. The efficiency ratio improved to 41.42%.
Strong Capital Ratios
The company maintains a strong capital position with a CET1 ratio of 14.7% and a tangible common equity ratio of 11.78%.
Growing Legacy Footprint
Loans in the legacy footprint increased by $131.6 million.
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HOMB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HOMB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 16, 2024 | $27.28 | $26.81 | -1.72% |
| Jul 17, 2024 | $26.43 | $26.30 | -0.49% |
| Apr 18, 2024 | $21.96 | $22.73 | +3.51% |
| Jan 18, 2024 | $22.44 | $23.02 | +2.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Home Bancshares (HOMB) report earnings?
Home Bancshares (HOMB) is schdueled to report earning on Jan 15, 2025, After Close Not Confirmed.
What is Home Bancshares (HOMB) earnings time?
Home Bancshares (HOMB) earnings time is at Jan 15, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HOMB EPS forecast?
HOMB EPS forecast for the fiscal quarter 2024 (Q4) is $0.53.
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