Home Bancshares, Inc. (Conway, AR) Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
January 17, 2013 at 02:15 pm
Share
Home Bancshares, Inc. (Conway, AR) reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total interest income of $45,516,000 compared to $42,212,000 a year ago. Net interest income was $41,282,000 compared to $35,317,000 a year ago. Income before income taxes was $26,642,000 compared to $21,980,000 a year ago. Net income available to common shareholders was $16,939,000 or $0.60 basic and diluted per share compared to $14,167,000 or $0.50 basic and diluted per share a year ago. Return on average assets was 1.67% compared to 1.56% a year ago. Return on average common equity was 13.19% compared to 12.06% a year ago.
For the year, the company reported total interest income of $177,135,000 compared to $171,806,000 a year ago. Net interest income was $155,600,000 compared to $141,255,000 a year ago. Income before income taxes was $98,451,000 compared to $84,342,000 a year ago. Net income available to common shareholders was $63,022,000 or $2.23 diluted per share compared to $52,913,000 or $1.85 diluted per share a year ago. Book value per common share as at December 31, 2012 was $18.34 compared to $16.77 a year ago. Tangible book value per common share as at December 31, 2012 was $14.86 compared to $14.35 a year ago. Return on average assets was 1.58% compared to 1.50% a year ago. Return on average common equity was 12.75% compared to 11.77% a year ago.
Home BancShares, Inc. is a bank holding company. The Company is primarily engaged in providing a range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals and municipalities through its wholly owned community bank subsidiary, Centennial Bank (the Bank). The Bank originates loans primarily secured by single and multi-family real estate, residential construction, and commercial buildings. In addition, the Bank makes loans to small and medium-sized commercial businesses as well as to consumers for a variety of purposes. The Bank offers a range of deposit services, including checking, savings, money market accounts and certificates of deposit. The Bank offers a range of products and services, including 24-hour Internet banking, mobile banking and voice response information, cash management, overdraft protection, direct deposit, safe deposit boxes, United States savings bonds and automatic account transfers.