Headquartered in Conway, AR Fiscal year ends December NYSE: HOMB homebancshares.com
Home BancShares, Inc. (NYSE: HOMB) is a bank holding company and the parent of Centennial Bank, which provides a broad range of commercial and retail banking and related financial services to businesses, real estate developers, investors, individuals, and municipalities. Centennial Bank operates 226 branches across Arkansas (75), Florida (78), Texas (59), Tennessee (8), Alabama (5), and New York City (1). The company also operates Centennial CFG, a commercial finance group with $2.08 billion in loans outstanding, and Shore Premier Finance, a specialty lending unit. Home BancShares was founded in 1998, has approximately $24.1 billion in total assets, and recently completed the acquisition of Mountain Commerce Bancorp, Inc. (MCBI), expanding its Tennessee presence. The company is known for its focus on operating efficiency, maintaining an adjusted efficiency ratio near 41%, and strong capital ratios with CET1 at 16.7%. Updated
Expense discipline carried the quarter: non-interest expense dropped to $121.5 million once Mountain Commerce merger costs rolled off, pushing earnings past consensus even with revenue missing expectations. Credit is weaker, with non-performing loans rising to 1.19% of total loans.
Home BancShares, Inc. (NYSE: HOMB) is a bank holding company and the parent of Centennial Bank, which provides a broad range of commercial and retail banking and related financial services to businesses, real estate developers, investors, individuals, and municipalities.
24/7 Wall St.'s 12-month price target for HOMB is $35.15, rated Buy. The Wall Street consensus target is $32.75. HOMB price prediction →