Home BancShares Inc. of Conway on Thursday reported second-quarter net income of $72.2 million, up about 5 percent from $76.0 million in the same quarter last year.
The publicly traded (Nasdaq: HOMB) parent company of Centennial Bank reported diluted earnings per share of 43 cents, down from 44 cents in the same quarter last year.
In a news release, the company cited “stable performance metrics in all areas” in a “turbulent interest rate environment.” Its earnings release highlighted financial performance in the last three consecutive quarters.
“The last three quarters show a strong trend of stability and growth in all our key metrics,” Chairman and CEO John Allison said. “We continue to produce solid results with a positive growth trend.”
The company reported an efficiency ratio of 39.93 percent during the quarter.
Total deposits were $11.35 billion as of June 30 compared to $10.90 billion at Dec. 31. Total assets were $15.29 billion at June 30 compared to $15.30 billion at Dec. 31. The company has 77 branches in Arkansas, 76 branches in Florida, 5 branches in Alabama and one branch in New York City.
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