Home BancShares: Q1 Earnings Snapshot
CONWAY, Ark. (AP) — CONWAY, Ark. (AP) — Home BancShares Inc. (HOMB) on Thursday reported first-quarter profit of $100.1 million.
The Conway, Arkansas-based bank said it had earnings of 50 cents per share. Earnings, adjusted for non-recurring gains, were 49 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The bank holding company posted revenue of $358.7 million in the period. Its revenue net of interest expense was $246.4 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $239.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HOMB at https://www.zacks.com/ap/HOMB