Home Bancshares (Conway AR) Full Year 2024 Earnings: In Line With Expectations

Home Bancshares (Conway AR) (NYSE:HOMB) Full Year 2024 Results

Key Financial Results

• Revenue: US$969.0m (down 1.3% from FY 2023).
• Net income: US$402.2m (up 2.4% from FY 2023).
• Profit margin: 42% (up from 40% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$2.01 (up from US$1.94 in FY 2023).

HOMB Banking Performance Indicators

• Net interest margin (NIM): 4.27% (up from 4.25% in FY 2023).
• Cost-to-income ratio: 42.7% (down from 45.2% in FY 2023).
• Non-performing loans: 0.67% (up from 0.44% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Home Bancshares (Conway AR) Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

In the last 12 months, the only revenue segment was Banking Services contributing US$969.0m. The largest operating expense was General & Administrative costs, amounting to US$335.5m (59% of total expenses). Explore how HOMB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 2.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Home Bancshares (Conway AR)'s balance sheet and an in-depth analysis of the company's financial position.

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