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Home BancShares reports record quarterly profit of $33.9 million

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Staff writer ▼ | July 16, 2015
Home BancShares, Inc., parent company of Centennial Bank, announced a record quarterly profit of $33.9 million, or $0.50 diluted earnings per share for the second quarter of 2015.
Centennial Bank
Home BancShares   $0.50 diluted earnings per share in Q2
This compared to $28.4 million or $0.43 diluted earnings per share for the same quarter in 2014.

The company increased its second quarter earnings by $5.5 million or 19.3% for the three months ended June 30, 2015 compared to the same period of the previous year.

Additionally, the company produced record quarterly organic non-covered loan growth of $279.9 million during the second quarter of 2015.

Because acquisitions are growth and capital management strategies, earnings excluding amortization of intangibles after-tax are useful in evaluating the company.

Diluted earnings per share excluding intangible amortization for the second quarter of 2015 was $0.51 compared to $0.44 diluted earnings per share excluding intangible amortization for the same period in 2014.

Stockholders' equity was $1.06 billion at June 30, 2015 compared to $1.02 billion at December 31, 2014, an increase of $46.4 million. Book value per common share was $15.67 at June 30, 2015 compared to $15.03 at December 31, 2014. Tangible book value per common share was $10.61 at June 30, 2015 compared to $9.90 December 31, 2014 for an annualized increase of 14.5%.


 

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