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What guidance did Home Bancshares's management provide for the next earnings period?

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Did Home Bancshares beat or miss consensus estimates last quarter?

- **Record Earnings**: Q3 net income up 23.6% YoY to $123.6 million, driven by 12bps NIM expansion to 4.56%.
- **Disciplined Growth**: $105 million organic loan growth (4.71% annualized), with 80% of new loans in Florida/Texas.
- **M&A Momentum**: Signed $7 billion deal LOI, with potential for multiple smaller acquisitions.
- **Liquidity Boost**: $20 million sub debt buyback reduced interest expense, with $1.9 million gain.
- **Credit Resilience**: Improved asset quality metrics, with $1.9 million gain on Texas credit resolution.

**【CEO Summary Section】**
- **Record Financial Performance**: Q3 2025 net income of $123.6 million, EPS of $0.63, and revenue of $277.7 million, up 23.6% YoY. 
- **Net Interest Margin Expansion**: NIM increased 12bps to 4.56%, driven by 2bps loan yield growth and 2bps deposit cost decline.
- **Loan Growth**: Organic loan growth of $105 million (4.71% annualized), with $800 million in Community Bank originations.
- **Efficiency Ratio**: Improved to 40.2%, with focus on core expense control.
- **Texas Lawsuit Settlement**: Received partial payment, with balance expected in Q4.

**【CFO Financial Commentary】**
- **Profitability Metrics**: ROA of 2.10%, pretax pre-provision net revenue of $162.8 million, and 58.64% profit margin.
- **Balance Sheet Strength**: $15.8 billion in loans, 18.5% equity/assets ratio, and 13.08% tangible equity/assets.
- **Sub Debt Buybacks**: Purchased $20 million of sub debt at a $1.9 million gain, reducing interest expense.
- **Legal Costs**: $100,000 in Q3 related to Texas lawsuit, with $500,000 donation to flood relief.

**【Q&A Highlights】**
- **NIM Outlook**: Management confident in maintaining margin through disciplined repricing, with 63% of loans on variable rates.
- **M&A Activity**: Signed LOI for $7 billion deal, with potential for multiple smaller transactions.
- **Credit Quality**: Improved NPLs and past dues, with $1.9 million gain on Texas C&amp;I credit resolution.
- **Deposit Strategy**: No CD ads, focusing on core deposits (wholesale at 2.3% of liabilities).

Home Bancshares (HOMB)-16 Oct 25-2025 Q3 Earnings call transcript

- **Record Earnings**: Q2 net income of $118.4 million, up 15% year-over-year, with ROA of 2.0%.
- **Buyback Momentum**: $20 million in buybacks YTD, with plans to continue at $1 million/quarter.
- **M&A Ambition**: Targeting $450M/2025 and $500M/2026 net income through accretive asset acquisitions.
- **Stable Margin**: 4.4% NIM with sub debt maturing to boost Q3 margin.
- **Credit Recovery**: $30 million recovery target on track, with $1.5 million/Q1 realized.

**【CEO Summary Section】**
- Reported record Q2 earnings of $118.4 million, or $0.60 per share, with a return on assets (ROA) of 2.0%.
- Announced $1 million in stock buybacks for both Q1 and Q2, totaling $20 million year-to-date, with plans to continue buybacks alongside potential M&A.
- Targeting $450 million in net income for 2025 and $500 million for 2026, driven by accretive asset acquisitions.
- Maintained fortress balance sheet with 15.6% Tier 1 capital and 19.3% total risk-based capital.

**【CFO Financial Commentary】**
- Net interest margin (NIM) remained stable at 4.4%, with core margin (excluding event income) at 4.43%.
- Deposit growth slightly down ($53 million decline) due to seasonal tax payments, but balances grew in May and June.
- Adjusted efficiency ratio improved to 42.01%, reflecting strong cost control.
- Portfolio growth in CCFG ($122 million Q2, $800 million YTD) and Community Bank, with loan pipeline remaining robust.

**【Q&A Highlights】**
- **Loan Growth**: Organic growth driven by strong markets (Arkansas, Texas, Florida) and disciplined underwriting, despite competitive rate cuts.
- **M&A Strategy**: Pursuing $400-600 million asset deals with EPS accretion, avoiding dilutive transactions.
- **Buyback vs. M&A**: Will balance buybacks with capital needs for acquisitions, prioritizing accretive deals.
- **Credit Quality**: Non-performing loans (NPLs) stable, with $30 million recovery target from prior Texas cleanup.
- **Margin Outlook**: Sub debt maturing in Q3 expected to add 5-6 basis points to NIM, offsetting potential rate cuts.

Home Bancshares (HOMB)-17 Jul 25-2025 Q2 Earnings call transcript

- **Record Q1 Earnings**: $115.2M net income (+15% YoY), driven by $188M loan growth and 4.44% NIM.
- **Capital Strength**: CET1 15.4%, tangible book value up 13% YoY to $13.15/share.
- **Strategic Actions**: $140M high-cost debt repayment; $1M share buybacks Q1.
- **Risk Management**: NPLs at 0.60%, 312% reserve coverage, and $30M expected Texas cleanup recoveries.
- **Growth Catalysts**: Florida/Texas loan growth, 2% C&amp;I portfolio target, and 10-year CCFG anniversary pipeline.


**【CEO Opening Remarks】**
- Q1 2025 net income of $115.2 million ($0.58 per share), a record high, driven by strong loan growth and margin expansion.
- Loan portfolio reached $14.95 billion, up $187.6 million Q/Q, with Florida and Texas markets leading.
- Deposit growth of $395 million (1.7% Q/Q) reduced loan-to-deposit ratio to 85.24%.
- Nonperforming loans (NPLs) improved to 0.60% of total loans, down from 0.67% Q/Q.
- CET1 capital ratio at 15.4%, with tangible book value up 13% Y/Y to $13.15 per share.

**【CFO Financial Update】**
- Q1 net interest margin (NIM) expanded to 4.44%, up 6 bps Q/Q, driven by loan yield stability (7.38%) and deposit cost control.
- Texas lawsuit legal expenses of $2 million (after tax) are expected to resolve in Q2.
- $140 million subordinated debt with 9.7% coupon will be repaid in July, reducing risk-weighted capital by 76 bps.
- Share buybacks of 1 million shares (Q1) to continue at current price levels.

**【CCFG Business Update】**
- CCFG portfolio reduced by $103 million Q/Q, with exit of single-credit middle market loans (now <10% of book).
- CRE portfolio stable at $1.7 billion, with 12-month originations of $1 billion.
- Targeting 2% annual growth in C&amp;I portfolio through structured facilities.

**【Q&A Highlights】**
- Loan demand remains strong in Florida and Texas, despite macro uncertainty.
- NIM sensitivity to 100 bps rate cut: ~6% decline, but competitive repricing may limit margin expansion.
- No immediate M&amp;A plans; focus on debt repayment and buybacks.
- Recoveries from Texas cleanup expected to total $30 million over 2-3 years.
- Tariff impacts minimal so far; monitoring industrial exposure.


Home Bancshares, Inc. (HOMB)-17 Apr 25-2025 Q1 Earnings call transcript

- **Record 2024 Performance**: $402 million net income and $1 billion revenue, with 4.9% net interest margin and 1.7% ROA.
- **Texas Cleanup Progress**: $53.4 million charge-offs, but $30 million recoveries expected over time.
- **Deposit Strength**: 23.4% noninterest-bearing deposits, 22 bps cost reduction to 2.80%.
- **2025 Growth Outlook**: Loan growth resuming in Q2, stable NIM of 4.36%.
- **M&A Focus**: $1-7.5 billion deals in Florida, Texas, and Carolinas with improved regulatory environment.
- **Credit Resilience**: 278% allowance coverage, 1.08% early-stage past dues.


**【CEO Summary Section】**
- Home Bancshares reported a record year in 2024 with net income of $402.2 million and total revenue exceeding $1 billion for the first time. The company achieved a 4.9% net interest margin and a return on assets (ROA) of 1.7% for the quarter.
- The Texas cleanup resulted in $53.4 million in charge-offs, primarily from Texas (89.1%), but the company expects recoveries of $30 million over time. The CET1 capital ratio reached 15.1%, and tangible book value per share was $68.19.
- The company maintained strong liquidity with $442 million in excess cash and reduced interest-bearing deposit costs by 22 basis points to 2.80%.

**【CFO Financial Commentary】**
- Fourth-quarter net income was $100.6 million, with GAAP EPS of $0.51 and non-GAAP EPS of $0.57 after adjusting for hurricane reserves. The efficiency ratio improved to 42.24% from 46.21% in 2023.
- Deposit growth of $441 million was driven by core balances, with noninterest-bearing deposits accounting for 23.4% of total deposits. Loan balances declined $59 million due to CCFG runoff, but community bank regions showed growth.
- The company retired $700 million of BTFP advances, maintaining $0.5 billion in excess liquidity.

**【Q&A Key Highlights】**
- **2025 Outlook**: Management expects loan growth to resume in Q2, with a focus on community bank markets. The net interest margin is expected to remain stable around 4.36%.
- **M&A Strategy**: The company is actively pursuing deals in Florida, Texas, and the Carolinas, targeting $1-7.5 billion in assets. Recent regulatory changes may accelerate deal timelines.
- **Credit Quality**: The allowance for credit losses remains at 278% of NPLs, with early-stage past dues at 1.08%. Recoveries from Texas cleanup are expected to begin in Q1.
- **Hurricane Impact**: $33 million in reserves were set aside for Florida hurricane losses, with $110 million in loans in deferral status. Resolution is expected to take several quarters.
- **Capital Utilization**: With CET1 at 15.1% and risk-based capital at 18.7%, the company is well-positioned for growth and acquisitions.


Home Bancshares, Inc. (HOMB)-16 Jan 25-2024 Q4 Earnings call transcript

Home Bancshares, Inc. (HOMB)-17 Oct 24-2024 Q3 Earnings call transcript

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Home Bancshares (HOMB)-19 Oct 23-2023 Q3 Earnings call transcript

Home Bancshares (HOMB)-20 Apr 23-2023 Q1 Earnings call transcript

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Home Bancshares (HOMB)-20 Oct 22-2022 Q3 Earnings call transcript

Home Bancshares (HOMB)-22 Jul 22-2022 Q2 Earnings call transcript

Home Bancshares (HOMB)-22 Apr 22-2022 Q1 Earnings call transcript

Home Bancshares (HOMB)-21 Jan 22-2021 Q4 Earnings call transcript

Home Bancshares (HOMB)-21 Oct 21-2021 Q3 Earnings call transcript

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Home Bancshares (HOMB)-18 Apr 19-2019 Q1 Earnings call transcript

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Home Bancshares (HOMB)-18 Oct 18-2018 Q3 Earnings call transcript

Home Bancshares (HOMB)-20 Jul 18-2018 Q2 Earnings call transcript

Home Bancshares (HOMB)-19 Apr 18-2018 Q1 Earnings call transcript

Home Bancshares (HOMB)-18 Jan 18-2017 Q4 Earnings call transcript

Home Bancshares (HOMB)-19 Oct 17-2017 Q3 Earnings call transcript

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