NYSE$HOMB

Home BancShares Inc/AR · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Home BancShares beat expectations on net income and EPS, achieving a new nine-month record on both, and recorded loan growth in September.

Home BancShares, Inc. reported a net income of $75.0 million, or $0.46 earnings per share, for the third quarter of 2021. The company's net income for the nine-month period ended September 30, 2021, was $245.7 million, or $1.49 earnings per share, both of which are records for the Company.

  • Net income for the three-month period ended September 30, 2021 was $75.0 million, or $0.46 earnings per share.
  • Net income for the nine-month period ended September 30, 2021 was $245.7 million, or $1.49 earnings per share, both of which are records for the Company.
  • During the third quarter of 2021, the Company did not record any credit loss expense.
  • Net interest margin was 3.60% for the three-month period ended September 30, 2021 compared to 3.61% for the three-month period ended June 30, 2021.

Headline financials

Total Revenue

$174M

Previous: $176M-1.3%
EPS (adj)

$0.45

Previous: $0.42+7.1%
Efficiency Ratio

42.3%

Previous: 39.6%+6.8%
Net Interest Margin

3.6%

Previous: 3.9%-8.2%
NPA to Total Assets

0.3%

No prior period
Common Equity Tier 1

15.2%

No prior period
Capital Expenditures

-$8.07M

Previous: -$10.3M+21.6%
Free Cash Flow

$66.9M

Previous: $59M+13.4%
Net Income

$75M

Previous: $69.3M+8.2%
Operating Income

$110M

Previous: $94M+17.0%
Gross Profit

$170M

Previous: $162M+4.9%
Cash & Equivalents

$3.28B

Previous: $1.04B+214.4%
Total Assets

$17.8B

Previous: $16.5B+7.3%
Stock-Based Comp

$2.25M

Previous: $1.47M+52.6%

Revenue & EPS history

Home BancShares · Revenue · Quarterly

$174M

Q3 2021-1.3%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The Company’s previously announced acquisition of Happy Bancshares, Inc. (“Happy”) and its bank subsidiary, Happy State Bank, is currently expected to close during the first quarter of 2022 and is subject to the approval of the shareholders of each company, regulatory approvals and other customary closing conditions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.2%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+2.5%

Avg return

30 days after

48%

32 / 66 earnings

Positive

+9.7%

Q1 2020

Best reaction

-6.9%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.4%-2.9%-7.3%
Q4 2025+1.0%-0.4%+2.6%
Q3 2025-3.4%-1.0%-0.6%
Q2 2025-2.1%-0.3%+3.6%
Q1 2025+1.8%+4.8%+12.9%
Q4 2024+3.4%+6.8%+5.3%
Q3 2024-0.7%-2.5%+13.5%
Q2 2024+0.1%+3.8%-0.8%
Q1 2024+7.0%+10.1%+10.2%
Q4 2023+6.6%+7.3%+2.5%
Q3 2023-2.8%-4.6%+5.4%
Q2 2023-5.8%-7.8%-9.6%
Q1 2023+0.0%-3.2%-1.7%
Q4 2022-0.4%-0.4%+9.1%
Q3 2022-4.7%-2.4%-0.6%
Q2 2022-0.9%+1.3%+11.4%
Q1 2022-4.5%-6.5%-11.6%
Q4 2021-3.8%+1.5%-6.0%
Q3 2021-0.8%-1.9%+1.6%
Q2 2021-4.9%-6.3%-5.9%
Q1 2021-0.0%-2.0%+4.0%
Q4 2020+4.1%+2.4%+10.5%
Q3 2020-1.1%-0.7%+15.3%
Q2 2020+2.2%+5.4%+11.0%
Q1 2020+9.7%+3.5%+4.8%
Q4 2019+6.6%+3.9%+3.0%
Q3 2019-1.0%+0.7%-2.0%
Q2 2019+2.0%+3.3%-4.1%
Q1 2019-2.0%+0.8%-4.2%
Q4 2018-3.0%-2.0%+6.7%
Q3 2018-6.9%-9.0%-5.1%
Q2 2018+0.1%-0.7%+2.5%
Q1 2018+3.1%+6.9%+7.0%
Q4 2017+0.3%+6.4%+2.1%
Q3 2017-5.4%-10.7%-14.0%
Q2 2017-2.0%+3.9%-6.0%
Q1 2017+0.0%+1.8%-5.3%
Q4 2016-0.4%+1.9%+6.5%
Q3 2016+1.5%+3.7%+27.2%
Q2 2016+1.8%+0.9%+6.9%
Q1 2016+0.8%
Q4 2015-3.7%
Q3 2015+4.2%
Q2 2015+1.6%
Q1 2015-3.7%
Q4 2014+1.1%
Q3 2014+4.0%
Q2 2014-2.4%
Q1 2014+3.4%
Q4 2013+1.5%
Q3 2013+5.0%
Q2 2013-1.3%
Q1 2013+3.7%
Q4 2012+1.2%
Q3 2012+4.9%
Q2 2012+0.7%
Q1 2011-0.7%
Q1 2012-1.0%
Q4 2009+0.2%
Q4 2011+0.2%
Q3 2011-2.3%
Q3 2010-2.3%
Q2 2011-0.5%
Q2 2010-0.5%
Q4 2010-0.5%
Q1 2010+7.0%

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