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Home BancShares Posts Higher Q1 Profit

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Home BancShares Inc.'s (HOMB) first-quarter 2013 net income grew to $17.5 million, or $0.62 per share, from $14.4 million, or $0.51 per share in the 2012 period.

As acquisitions are growth and capital management strategies, earnings before amortization of intangibles after-tax are useful in evaluating the company. Excluding intangible amortization, quarterly earnings per share were $0.64, an increase, compared with last year's $0.52.

Net interest income for the latest quarter went up 21.4% to $44.3 million, from $36.5 million during the first quarter of 2012.

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