Home BancShares Reports Record Earnings; Results Up 14 Percent

by Lance Turner  on Thursday, Jul. 18, 2013 8:17 am  

Johnny Allison

Home BancShares Inc. of Conway said Thursday that second-quarter net income reached $17.7 million or 31 cents diluted earnings per common share, up 14 percent from the same quarter last year.

The publicly traded company (Nasdaq: HOMB), the parent company of Centennial Bank, called its record second-quarter net income a "remarkable achievement."

"We also continue to exhibit strong capital levels, which remain considerably above the regulators' capital requirements," John Allison, chairman, said in a news release. "These strong reserves placed us in a position to participate in an opportunity like the recently announced Liberty Bank market acquisition.

"Merging these two similarly sized Arkansas-based companies with comparable cultures and history is a game-changer for Home BancShares," Allison said. "We are confidently optimistic of the company’s continued bright future when Liberty gets on board."

 

 

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