Home BancShares reported Q4 earnings with mixed results, showing revenue growth but missing EPS estimates.
Little Rock: For the quarter ending December 2024, Home BancShares (HOMB) brought in $258.36 million in revenue, which is a 5.2% increase from last year. Their earnings per share (EPS) were $0.50, slightly up from $0.48 a year ago.
When we look at the numbers, the revenue beat the Zacks Consensus Estimate of $254.6 million, giving a nice surprise of 1.48%. However, the EPS fell short of expectations, which were set at $0.52, resulting in a surprise of -3.85%.
Investors usually keep an eye on these headline figures, but it’s the underlying metrics that really tell the story. These numbers help gauge how well the company is doing and can guide investors on what to expect moving forward.
Here’s a quick look at how Home BancShares did in the latest quarter based on key metrics that analysts watch closely:
- Net Interest Margin: 4.4%, slightly better than the 4.3% expected.
- Efficiency Ratio: 42.2%, better than the 43% average estimate.
- Total Non-Performing Loans: $98.89 million, lower than the $103.04 million estimate.
- Average Balance – Total Interest-Earning Assets: $19.89 billion, below the $20.23 billion estimate.
- Total Non-Performing Assets: $142.36 million, also lower than the $146.55 million estimate.
- Net Charge-Offs to Average Total Loans: 1.4%, which is higher than the 0.1% estimate.
- Net Interest Income: $217.14 million, beating the $214.44 million estimate.
- Total Non-Interest Income: $41.22 million, slightly above the $41.04 million estimate.
- Net Interest Income (FTE): $219.54 million, compared to the $214.42 million estimate.
In the past month, shares of Home BancShares have dropped by 4.4%, while the S&P 500 composite fell by 3.3%. Currently, the stock holds a Zacks Rank #3 (Hold), suggesting it might perform similarly to the broader market soon.
