Home BancShares, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
January 18, 2018 at 08:15 am
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Home BancShares, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the fourth quarter, the company's total interest income was $158,981,000 against $111,388,000 a year ago. Net interest income was $136,969,000 against $103,207,000 a year ago. Income before income taxes was $96,117,000 against $77,838,000 a year ago. Net income was $23,309,000 or $0.13 per basic/diluted share against $48,590,000 or $0.35 per basic/diluted share a year ago. Non GAAP diluted earnings per common share were $0.35 per share against $0.33 per share a year ago. Book value per common share was $12.70 per share against $9.45 per share a year ago. Non GAAP tangible book value per common share was $7.07 per share against $6.63 per share a year ago. Return on average assets was 0.66% against 1.98% a year ago. Return on average common equity was 4.17% against 14.79% a year ago. Non GAAP earnings excluding non-fundamental items was $60,244,000 against $46,144,000 a year ago.
For the year, the company's total interest income was $158,981,000 against $436,537,000 a year ago. Net interest income was $455,905,000 against $405,958,000 a year ago. Income before income taxes was $271,083,000 against $282,646,000 a year ago. Net income was $135,083,000 or $0.89 per diluted share against $177,146,000 or $1.26 per diluted share a year ago. Non GAAP diluted earnings per common share were $1.35 per share against $1.26 per share a year ago. Book value per common share was $12.70 per share against $9.45 per share a year ago. Non GAAP tangible book value per common share was $7.07 per share against $6.63 per share a year ago. Return on average assets was 1.17% against 1.85% a year ago. Return on average common equity was 8.23% against 14.08% a year ago. Non GAAP earnings excluding non-fundamental items was $204,773,000 against $177,040,000 a year ago.
Home BancShares, Inc. is a bank holding company. The Company is primarily engaged in providing a range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals and municipalities through its wholly owned community bank subsidiary, Centennial Bank (the Bank). The Bank originates loans primarily secured by single and multi-family real estate, residential construction, and commercial buildings. In addition, the Bank makes loans to small and medium-sized commercial businesses as well as to consumers for a variety of purposes. The Bank offers a range of deposit services, including checking, savings, money market accounts and certificates of deposit. The Bank offers a range of products and services, including 24-hour Internet banking, mobile banking and voice response information, cash management, overdraft protection, direct deposit, safe deposit boxes, United States savings bonds and automatic account transfers.