FreeTheAI

Home BancShares Prepares to Report Third-Quarter Earnings After Midweek Bell

NeutralMedium impact
HOMB$28.29 −0.25%

Regional banking firm Home BancShares, Inc. (HOMB) is scheduled to release its third-quarter financial results this Wednesday after the market closes. The company will be the first regional lender in its peer group to report earnings for the quarter. Heading into the announcement, shares of Home BancShares trade at $28.50, up 0.88% today.

In the previous quarter, Home BancShares surpassed revenue expectations with $296.3 million in revenue, representing a 10.9% increase year over year. While the bank beat earnings per share estimates, it recorded a slight miss on net interest income. Broader regional banking sentiment has softened recently, with the peer group dropping an average of 7% over the last month while Home BancShares fell 5%.

For the upcoming report, market projections call for third-quarter revenue growth of 7.3% year over year, compared to a 6.3% increase in the same period last year. Analysts covering the bank have largely reconfirmed their estimates over the past 30 days. Investors will be watching whether the lender can meet expectations, noting that it has missed revenue forecasts multiple times over the past two years.

Key points

  • Home BancShares will publish its third-quarter earnings results this Wednesday after market close.
  • Analysts expect third-quarter revenue to increase by 7.3% year over year.
  • In the prior quarter, the company delivered $296.3 million in revenue, up 10.9% from the prior year.
  • Home BancShares is the first in its regional bank peer group to report results this earnings season.
  • The bank's stock is down 5% over the last month, compared to a 7% average decline across its peer group.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

How we writeDisclaimer

Questions and answers

When will Home BancShares report its Q3 earnings?

Home BancShares is scheduled to announce its third-quarter earnings results this Wednesday after the market closes.

What are analysts expecting for Home BancShares's Q3 revenue?

Analysts expect revenue to grow 7.3% year on year for the quarter, compared to a 6.3% increase in the same period last year.

How did Home BancShares perform in the previous quarter?

In the prior quarter, Home BancShares generated $296.3 million in revenue, up 10.9% year on year. The company beat revenue and earnings per share estimates but slightly missed net interest income expectations.