Home Bancshares Posts Record 3Q Profit

Centennial Bank

Home Bancshares Inc. posted a record quarterly profit of $80.3 million as the Conway-based regional banking group continued to benefit from loan growth across the company’s expanding Southeast U.S. footprint.

For the period ended Sept. 30, the parent company of Centennial Bank reported third quarter earnings of $80.3 million, or 46 cents per share, compared to year ago earnings of $76 million or 44 cents per share. Total revenue jumped 6% to $205.9 million, compared to $194.2 million a year ago.

“We are once again proud to report our most profitable quarter in the Company’s history,” said Home Bancshares CEO Randy Sims. “We continue to control expenses and are pleased to report another strong efficiency ratio of 37.23%.”    MORE

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