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Home Bancshares (HOMB)
:HOMB
Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.54Last Year’s EPS
0.49Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 15, 2025
|% Change Since: -2.28%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with record profits and revenue, driven by strategic asset quality improvements and robust deposit growth. However, challenges in the Texas loan portfolio and hurricane-impacted regions posed concerns. The company's strong capital position and liquidity provide a solid foundation for future growth.Company Guidance
In the Home Bancshares Q4 2024 earnings call, the company reported a robust financial performance with a net income of $100.6 million for the quarter and a record annual net income of $402.241 million, marking its first year exceeding $1 billion in revenue. The bank maintained a strong net interest margin at 4.9% and saw a return on assets of 1.7%. Despite setting aside a substantial hurricane reserve of $16.7 million, Home Bancshares achieved an EPS of $0.51, which would have been $0.57 without the reserve. The bank's capital ratios were also noteworthy, with a record CET1 ratio of 15.1% and risk-based capital of 18.7%. Home Bancshares demonstrated effective deposit management, with total deposits increasing by $441 million in the quarter, and maintained a low loan-to-deposit ratio of 86.1%. The company's efficiency ratio improved to 42.24% from 46.21% in Q3. Looking forward, the bank is optimistic about continuing its strong performance into 2025, despite potential increases in expenses and challenges in the credit environment.Record-Breaking Profit and Revenue
Home Bancshares reported a $100 million profit for the quarter and a record annual profit of $402.241 million, marking the first year to exceed $1 billion in revenue.
Strong Net Interest Margin
The net interest margin expanded to 4.39% in Q4, with a reported exit margin of 4.42% in December.
Deposit Growth and Liquidity
Total deposits increased by $441 million for the quarter with notable growth in noninterest-bearing balances, strengthening the loan-to-deposit ratio to 86.1%.
Asset Quality Improvement
Conducted a 'Texas cleanup' resulting in a charge-off of $53.394 million, primarily from Texas, with expected recoveries of over $30 million.
Strong Capital Ratios
Reported record CET1 of 15.1% and record risk-based capital of 18.7%, along with a record book value per share of $19.92.
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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 |
|---|---|---|---|
| Jan 15, 2025 | $28.93 | $29.26 | +1.14% |
| Oct 16, 2024 | $27.11 | $26.64 | -1.73% |
| Jul 17, 2024 | $26.27 | $26.14 | -0.49% |
| Apr 18, 2024 | $21.82 | $22.59 | +3.53% |
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 Apr 16, 2025, TBA Not Confirmed.
What is Home Bancshares (HOMB) earnings time?
Home Bancshares (HOMB) earnings time is at Apr 16, 2025, TBA 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 2025 (Q1) is 0.54.
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