Home Bancshares (HOMB) Tops Q2 EPS by 12c, Revenues Beat; 2Q20 Results 'Best in 20 Year History'

July 16, 2020 8:32 AM EDT

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Home Bancshares (NASDAQ: HOMB) reported Q2 EPS of $0.38, $0.12 better than the analyst estimate of $0.26. Revenue for the quarter came in at $173.7 million versus the consensus estimate of $166.92 million.

“To say that during a full quarter of a pandemic that HOMB was able to meet EPS targets, set a record for revenue and maintain a solid net interest margin brings about an enormous sense of pride that I have in this team of bankers,” said John Allison, Chairman. “Our outlook for future dividends remains strong, which is also an important component to our solid performance,” Allison continued.

“While we realize this is a marathon and not a sprint, to have best in class asset quality and loan reserves, excluding PPP loans, of 2.15% brings about a strong sense of comfort,” said Tracy French, Centennial Bank President and Chief Executive Officer.

For earnings history and earnings-related data on Home Bancshares (HOMB) click here.

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