Overview
- Home BancShares, which reported first-quarter results Wednesday, posted net income of $118.2 million with diluted EPS of $0.60.
- Total net revenue came in at about $266.7 million as the bank reported a 4.51% net interest margin and an ROA near 2.09%.
- Non-performing loans climbed to $182.1 million and non-performing assets reached $224.1 million, driven mainly by one $92.1 million loan moved to non-accrual.
- The allowance for credit losses held at $297.6 million, or 1.90% of loans, which reduced coverage of non-performing loans to about 163% from roughly 350% at year-end.
- Following the close of its Mountain Commerce Bancorp deal effective April 1, the company issued about 5.4 million shares as consideration.