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Home Bancshares (HOMB)

Home BancShares Inc. is a bank holding company whose subsidiaries provide a range of commercial and retail banking services to businesses, real estate developers and investors, individuals and municipalities. The Banks serve central Arkansas, and the Florida Keys and southwestern Florida.

Company profile

Ticker
HOMB
Exchange
CEO
John W. Allison
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Centennial Insurance Agency, Inc. • Cook Insurance Agency, Inc. • Freedom Insurance Group, Inc. • Centennial AL Holdings, Inc. • Centennial NY Holdings, Inc. • Centennial REIT, Inc. • Centennial Capital, Inc. • RCA Air, LLC • Centennial AAC NMTC Fund, LLC • HBI Insurance, Inc. ...

HOMB stock data

Calendar

8 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.82B 2.82B 2.82B 2.82B 2.82B 2.82B
Cash burn (monthly) 267.69M 10.41M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 787.44M 30.61M n/a n/a n/a n/a
Cash remaining 2.03B 2.79B n/a n/a n/a n/a
Runway (months of cash) 7.6 267.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 Sep 22 Jim Rankin Common Stock Sell Dispose S No No 24.07 11,032 265.54K 209,817.1
1 Sep 22 Alex R Lieblong Common Stock Gift Dispose G No No 0 430 0 576,483
31 Aug 22 Alex R Lieblong Common Stock Buy Acquire P Yes No 23.5576 5,000 117.79K 55,000
26 Aug 22 Alex R Lieblong Common Stock Buy Acquire P Yes No 24.21 10,000 242.1K 50,000
19 Aug 22 Alex R Lieblong Common Stock Buy Acquire P Yes No 24.903 20,000 498.06K 40,000
18 Aug 22 Alex R Lieblong Common Stock Buy Acquire P Yes No 25.1853 20,000 503.71K 20,000
8 Jun 22 Alex R Lieblong Common Stock Gift Dispose G No No 0 8,900 0 576,913
83.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 257 258 -0.4%
Opened positions 33 26 +26.9%
Closed positions 34 31 +9.7%
Increased positions 108 97 +11.3%
Reduced positions 77 85 -9.4%
13F shares Current Prev Q Change
Total value 2.53B 2.45B +3.4%
Total shares 121.83M 108.26M +12.5%
Total puts 16.7K 3.8K +339.5%
Total calls 180.5K 17.4K +937.4%
Total put/call ratio 0.1 0.2 -57.6%
Largest owners Shares Value Change
BLK Blackrock 21.9M $454.92M +23.9%
Vanguard 20.65M $428.85M +31.1%
TROW T. Rowe Price 10.68M $221.82M -10.0%
STT State Street 8.27M $171.83M +15.3%
American Century Companies 4.1M $85.2M +3.0%
Dimensional Fund Advisors 3.71M $77.11M -6.6%
Geode Capital Management 3.44M $71.39M +29.1%
NTRS Northern Trust 2.92M $60.64M +15.5%
Wellington Management 2.73M $56.6M +34.7%
Barr E S & Co 2.61M $54.19M +4.1%
Largest transactions Shares Bought/sold Change
Vanguard 20.65M +4.89M +31.1%
BLK Blackrock 21.9M +4.23M +23.9%
TROW T. Rowe Price 10.68M -1.19M -10.0%
STT State Street 8.27M +1.1M +15.3%
Geode Capital Management 3.44M +774.88K +29.1%
Wellington Management 2.73M +702.71K +34.7%
Fort Washington Investment Advisors 586K +586K NEW
GS Goldman Sachs 2.06M -585.2K -22.1%
MS Morgan Stanley 683.88K +407.32K +147.3%
NTRS Northern Trust 2.92M +391.33K +15.5%

Financial report summary

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Competition
SharpOrange.
Risks
  • We are subject to extensive regulation that could limit or restrict our activities and impose financial requirements or limitations on the conduct of our business, and changes in the laws and regulations to which we are subject could adversely affect our profitability.
  • We are subject to heightened regulatory requirements as our total assets exceed $10 billion.
  • Difficult market and economic conditions may adversely affect our industry and our business.
  • The ongoing impacts of the COVID-19 pandemic could materially and adversely affect our future business, financial condition and results of operations. The ultimate impacts of the pandemic on our business will depend on factors that remain uncertain such as, among other things, the long-term scope and duration of the pandemic, the success of ongoing vaccination, treatment and other mitigation efforts, and actions taken by governmental authorities in response to the economic effects of the pandemic.
  • Our FDIC insurance premiums and assessments could increase and result in higher noninterest expense.
  • Our profitability is vulnerable to interest rate fluctuations and monetary policy and could be adversely affected by any future actions taken by the Federal Reserve Board to address rising inflation.
  • We may be adversely impacted by the transition from the use of the LIBOR interest rate index in the future.
  • We have participated as a lender in the Paycheck Protection Program and accordingly are subject to certain risks applicable to lenders under such program.
  • Our decisions regarding credit risk could be inaccurate and our allowance for credit losses may be inadequate, which would materially and adversely affect us.
  • Our high concentration of real estate loans and especially commercial real estate loans exposes us to increased lending risk.
  • Our geographic concentration of banking activities and loan portfolio makes us more vulnerable to adverse conditions in our local markets.
  • If the value of real estate were to deteriorate, a significant portion of our loans could become under-collateralized, which could have a material adverse effect on us.
  • Because we have a concentration of exposure to a number of individual borrowers, a significant loss on any of those loans could materially and adversely affect us.
  • Our cost of funds may increase as a result of general economic conditions, interest rates and competitive pressures.
  • The loss of key employees may materially and adversely affect us.
  • The value of securities in our investment portfolio may decline in the future.
  • Our recent results do not indicate our future results and may not provide guidance to assess the risk of an investment in our common stock.
  • We may not be able to raise the additional capital we need to grow and, as a result, our ability to expand our operations could be materially impaired.
  • Our growth and expansion strategy may not be successful, and our market value and profitability may suffer.
  • If we acquire additional banks or bank assets in the future, there may be undiscovered risks or losses associated with such acquisitions which would have a negative impact upon our future income.
  • If the goodwill that we record in connection with a business acquisition becomes impaired, it could require charges to earnings.
  • Competition from other financial institutions and financial service providers may adversely affect our profitability.
  • We continually encounter technological change, and we may have fewer resources than many of our competitors to continue to invest in technological improvements and innovations.
  • A failure in or breach of our operational or security systems, or those of our third-party service providers, including as a result of cyber-attacks, could disrupt our business, result in unintentional disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and cause losses.
  • Future hurricanes or other adverse weather events could negatively affect our local economies or disrupt our operations, which would have an adverse effect on us.
  • We may incur environmental liabilities with respect to properties to which we take title.
  • Our operations could be interrupted if certain external vendors on which we rely experience difficulty, terminate their services or fail to comply with banking laws and regulations.
  • Our earnings could be adversely impacted by incidences of fraud and compliance failure.
  • Our banking relationships with the Cuban Embassy and Banco Internacional de Comercia, S.A. (“BICSA”) may increase our compliance risk and compliance costs.
  • We may fail to realize all of the anticipated benefits of the merger.
  • The completion of the merger is subject to the consent and approval of the Federal Reserve Board, which may impose conditions that could have an adverse effect on the combined company following the merger.
  • The combined company expects to incur substantial expenses related to the merger.
  • The rights of our common shareholders are subordinate to the holders of any debt securities that we may issue from time to time and may be subordinate to the holders of any series of preferred stock that may issue in the future.
  • We may be unable to, or choose not to, pay dividends on our common stock.
Management Discussion
  • We are a bank holding company headquartered in Conway, Arkansas, offering a broad array of financial services through our wholly-owned bank subsidiary, Centennial Bank (sometimes referred to as “Centennial” or the “Bank”). As of June 30, 2022, we had, on a consolidated basis, total assets of $24.25 billion, loans receivable, net of allowance for credit losses of $13.63 billion, total deposits of $19.58 billion, and stockholders’ equity of $3.50 billion.
  • We generate most of our revenue from interest on loans and investments, service charges, and mortgage banking income. Deposits and Federal Home Loan Bank (“FHLB”) and other borrowed funds are our primary source of funding. Our largest expenses are interest on our funding sources, salaries and related employee benefits and occupancy and equipment. We measure our performance by calculating our return on average common equity, return on average assets and net interest margin. We also measure our performance by our efficiency ratio, which is calculated by dividing non-interest expense less amortization of core deposit intangibles by the sum of net interest income on a tax equivalent basis and non-interest income. The efficiency ratio, as adjusted, is a non-GAAP measure and is calculated by dividing non-interest expense less amortization of core deposit intangibles by the sum of net interest income on a tax equivalent basis and non-interest income excluding adjustments such as merger and acquisition expenses and/or certain gains, losses and other non-interest income and expenses.
  • (1)See Table 19 for the non-GAAP tabular reconciliation.

Content analysis

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Removed: accretive, Banco, begun, BICSA, Comercio, converted, Cuban, deducting, divided, driven, exercise, Internacional, qualify