Home BancShares: Q1 Earnings Snapshot
CONWAY, Ark. (AP) _ Home BancShares Inc. (HOMB) on Thursday reported first-quarter net income of $64.9 million.
The bank, based in Conway, Arkansas, said it had earnings of 40 cents per share. Earnings, adjusted for non-recurring gains, came to 37 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The bank holding company posted revenue of $175.6 million in the period. Its revenue net of interest expense was $161.8 million, exceeding Street forecasts. Three analysts surveyed by Zacks expected $160.7 million.