Home Bancshares, Inc. (Conway, AR) Announces Unaudited Consolidated Financial Results for the Quarter and Year Ended December 31, 2018
January 17, 2019 at 08:15 am
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Home Bancshares, Inc. (Conway, AR) announced unaudited consolidated financial results for the quarter and year ended December 31, 2018. For the quarter, the company reported net interest income of $140,282,000 against $136,969,000 for the same period a year ago. Income before income taxes was $92,517,000 against $96,117,000 for the same period a year ago. Net income was $71,030,000 against $23,309,000 for the same period a year ago. Basic & diluted earnings per common share were $0.41 per share against $0.13 per share for the same period a year ago.
For the year, the company reported net interest income of $561,013,000 against $455,905,000 for the same period a year ago. Income before income taxes was $395,520,000 against $271,083,000 for the same period a year ago. Net income was $300,403,000 against $135,083,000 for the same period a year ago. Basic & diluted earnings per common share were $1.73 per share against $0.89 per basic share for the same period 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.