Home BancShares, Inc. reported record net income of $115.2 million, or $0.58 diluted earnings per share, for the first quarter ended March 31, 2025. Adjusted net income was $111.9 million, or $0.56 adjusted diluted earnings per share.
The company's net interest margin (NIM) expanded to 4.44% from 4.39% in the previous quarter. Total loans receivable reached a record $14.95 billion, an increase of $187.6 million from December 31, 2024, driven by $291.5 million in organic community banking loan growth.
Total deposits also saw a healthy increase, reaching $17.54 billion at quarter-end. Asset quality improved, with non-performing loans to total loans decreasing to 0.60% from 0.67% in the prior quarter, and net loans recovered amounting to $4.1 million.
Book value per common share and tangible book value per common share both reached record highs of $20.40 and $13.15, respectively. The company repurchased $29.7 million in stock during the quarter, further demonstrating its commitment to shareholder value.
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