Home Bancshares Inc. (HOMB: Quote) Wednesday reported an increase in profit for the second quarter, due mainly to higher incomes.
The Conway, Arkansas-based company's second-quarter net profit available to common shareholders was $15.49 million or $0.55 per share, compared to $12.88 million or $0.45 per share last year. On average, eight analysts polled by Thomson Reuters expected earnings of $0.54 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income for the quarter grew 9.7 percent to $39.16 million from $35.70 million in the year-ago quarter. Total non-interest income rose to $11.05 million from $9.13 million in the prior-year quarter.
Five analysts had a consensus revenue estimate of $50.14 million for the quarter.
Loan loss provisions for the quarter was $1.33 million.
Non-interest expense for the quarter advanced to $24.42 million from $23.86 million in the prior-year quarter.
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by RTT Staff Writer
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