Home BancShares: Q1 Earnings Snapshot
CONWAY, Ark. (AP) _ Home BancShares Inc. (HOMB) on Thursday reported first-quarter earnings of $91.6 million.
The Conway, Arkansas-based bank said it had earnings of 55 cents per share. Earnings, adjusted for non-recurring gains, came to 47 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The bank holding company posted revenue of $207.9 million in the period. Its revenue net of interest expense was $193.4 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $171.2 million.
Home BancShares shares have climbed 39% since the beginning of the year. The stock has more than doubled in the last 12 months.