Home BancShares 4Q Earnings Rise to $73M

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Home BancShares Inc. of Conway on Thursday reported fourth-quarter earnings of $73.3 million, up from $71.0 million in the same quarter last year.

The firm, the parent company of Centennial Bank, reported earnings of 44 cents per share, up from 41 cents in the same quarter last year.

“I am very pleased with our fourth-quarter results as well as our performance for all of 2019,” Chairman Johnny Allison said in a news release. “Increasing our profitability during a year of fluctuating interest rates is certainly an accomplishment to be proud of.”

The bank holding company posted revenue of $203.2 million in the quarter. Its revenue net of interest expense was $167.8 million, exceeding analyst expectations.

For the year, the company reported profit of $289.5 million, or $1.73 per share. Revenue was $662.7 million.

According to The Associated Press, Home BancShares shares (Nasdaq: HOMB) have declined 2.5% since the beginning of the year. The stock has climbed 6% in the last 12 months.

(The Associated Press contributed to this report.)