Home Bancshares (HOMB) Tops Q3 EPS by 1c

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Go back to Home Bancshares (HOMB) Tops Q3 EPS by 1c

Home BancShares, Inc. Announces a 30.6% Increase in Third Quarter Earnings, $350.8 Million of Quarterly Organic Loan Growth and a 39% Efficiency Ratio

October 15, 2015 8:00 AM EDT

CONWAY, Ark., Oct. 15, 2015 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NASDAQ: HOMB), parent company of Centennial Bank, today announced a 30.6% increase in quarterly profit to $35.7 million, or $0.52 diluted earnings per share, for the third quarter of 2015 compared to $27.4 million, or $0.41 diluted earnings per share, for the same quarter in 2014. Excluding the $474,000 of merger expenses associated with the recently completed acquisition of Florida Business BancGroup, Inc., diluted earnings per share for the third quarter of 2015 was $0.53 per share. The Company also announced $350.8 million in quarterly organic non-covered loan growth during the third quarter of 2015 and a core... More