HOME BANCSHARES, INC HOMB Income Statement

Home bancshares, inc (HOMB)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Loans
158,148	161,211	167,470	165,816	163,848	163,201	166,334	152,996	148,065	147,426	113,269	112,732	105,762	103,113	102,953	100,415	96,913	97,772	88,671	82,360	75,487	80,011	75,917	75,404	75,013	65,338	45,003	44,036	44,159	41,203	39,285	40,365	38,506	38,110	39,199	39,690	38,955	35,673	33,136
Investment securities
Taxable
9,776	9,707	10,343	10,650	10,706	9,873	9,011	8,979	8,970	7,793	7,071	6,434	5,478	5,068	5,583	5,145	5,450	5,865	5,157	5,130	5,543	5,168	4,905	4,762	4,470	4,760	2,645	2,490	2,403	2,708	2,598	3,060	2,860	2,451	2,429	2,204	2,160	1,802	1,935
Tax-exempt
3,114	3,260	3,193	3,183	3,379	3,456	3,427	3,368	3,006	3,025	3,032	2,966	2,944	3,059	2,720	2,823	2,815	2,879	2,789	2,774	2,752	2,843	2,552	2,379	2,317	1,554	1,507	1,467	1,481	1,544	1,541	1,534	1,535	1,562	1,546	1,543	1,528	1,492	1,500
Deposits – other banks
1,116	949	1,068	1,628	1,543	1,241	1,273	1,206	929	736	538	727	308	146	117	106	102	66	32	44	91	24	20	29	24	51	19	86	98	52	115	127	85	87	84	142	105	92	81
Federal funds sold
21	5	8	10	11	9	6	12	6	1	3	4	2	2	2	1	4	9	4	3	8	15	7	12	16	14	2	6	7	9	3	3	2	2	1	1	7	3	5
Total interest income
172,175	175,132	182,082	181,287	179,487	177,780	180,051	166,561	160,976	158,981	123,913	122,863	114,494	111,388	111,375	108,490	105,284	106,591	96,653	90,311	83,881	88,061	83,401	82,586	81,840	71,717	49,176	48,085	48,148	45,516	43,542	45,089	42,988	42,212	43,259	43,580	42,755	39,062	36,657
Interest expense:
Interest on deposits
24,198	26,823	29,566	29,709	28,006	25,207	21,412	18,164	14,806	12,946	8,535	6,810	5,486	4,398	4,040	3,854	3,634	3,357	3,045	3,311	3,258	3,074	3,243	3,095	3,384	3,320	1,810	2,129	2,485	2,877	3,288	4,164	4,660	5,084	5,638	5,986	6,260	6,319	5,872
Federal funds purchased
13	-	21	-	-	0	0	0	1	-	-	-	-	0	0	1	1	1	1	1	1	-	2	-	-	-	3	-	-	-	-	-	-	-	-	-	-	-	-
FHLB and other borrowed funds
2,698	2,686	3,683	4,722	6,118	6,474	7,055	4,245	4,580	3,806	3,408	3,710	3,589	3,201	3,139	3,074	3,070	2,641	2,030	1,053	1,050	1,108	1,035	952	946	915	910	1,012	1,004	1,030	1,040	1,134	1,160	1,172	1,250	1,227	1,291	1,854	2,082
Securities sold under agreements to repurchase
462	652	628	630	634	602	472	372	376	325	232	196	165	153	142	134	145	140	146	163	172	181	186	168	182	171	87	86	80	79	107	111	110	99	120	125	139	137	118
Subordinated debentures
5,079	5,155	5,207	5,239	5,259	5,215	5,202	5,168	5,004	4,934	4,969	4,795	439	429	401	386	377	351	340	334	329	327	330	328	328	255	16	17	230	247	482	521	524	540	539	543	538	599	600
Total interest expense
32,450	35,349	39,105	40,300	40,017	37,498	34,141	27,949	24,767	22,012	17,144	15,511	9,679	8,181	7,722	7,449	7,227	6,490	5,562	4,862	4,810	4,691	4,796	4,543	4,840	4,662	2,826	3,244	3,799	4,234	4,917	5,930	6,454	6,895	7,547	7,881	8,228	8,909	8,672
Net interest income
139,725	139,783	142,977	140,987	139,470	140,282	145,910	138,612	136,209	136,969	106,769	107,352	104,815	103,207	103,653	101,041	98,057	100,101	91,091	85,449	79,071	83,370	78,605	78,043	77,000	67,055	46,350	44,841	44,349	41,282	38,625	39,159	36,534	35,317	35,712	35,699	34,527	30,153	27,985
Provision for credit loss - loans
76,700	-	-	1,325	-	0	0	2,722	1,600	4,926	35,023	387	3,914	1,703	5,536	5,692	5,677	8,890	7,106	5,381	3,787	5,370	4,241	6,115	6,938	-	-	850	-	1,250	167	1,333	0	2,250	0	0	1,250	3,000	3,750
Provision for credit loss - acquired loans
9,309	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit loss - investment securities
842	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total credit loss expense
86,823	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net interest income after provision for credit losses
52,902	139,783	142,977	139,662	139,470	140,282	145,910	135,890	134,609	132,043	71,746	106,965	100,901	101,504	98,117	95,349	92,380	91,211	83,985	80,068	75,284	78,000	74,364	71,928	70,062	62,725	46,350	43,991	44,349	40,032	38,458	37,826	36,534	33,067	35,712	35,699	33,277	27,153	24,235
Non-interest income:
Trust fees
438	390	382	391	403	290	437	379	446	548	365	309	456	329	365	359	404	365	398	1,186	432	313	306	323	436	284	15	17	19	-	-	-	-	-	-	-	-	-	-
Mortgage lending income
2,621	3,801	4,610	3,457	2,435	2,554	3,691	3,477	2,657	3,573	3,172	3,750	2,791	4,123	3,932	3,481	2,863	2,404	3,132	2,955	1,932	2,341	1,901	1,801	1,513	1,470	1,527	1,619	1,372	1,461	1,550	1,277	904	904	783	661	645	760	650
Mortgage servicing income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	154
Insurance commissions
678	551	603	515	609	442	463	526	679	466	472	465	545	488	534	617	657	513	548	640	567	977	984	934	1,416	778	519	444	679	368	512	438	551	351	428	470	607	248	309
Income from title services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	34	-	59	53	50	122	156	136	109	133	112	129	88	121	126	110	91	98	148
Increase in cash value of life insurance
560	562	714	740	736	737	735	730	654	738	478	463	310	320	344	353	395	328	268	295	308	319	322	281	288	235	203	218	180	202	200	214	257	279	323	287	239	330	348
Dividends from FHLB, FRB, FNBB & other
7,842	1,952	1,101	1,149	3,505	1,992	1,288	1,600	877	1,030	834	472	1,149	944	808	719	620	431	433	419	415	405	389	501	316	273	179	401	175	635	182	175	175	174	184	181	141	151	142
Gain on acquisitions
-	-	-	-	-	-	-	-	-	0	0	0	3,807	-	-	-	-	0	0	0	1,635	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of SBA loans
341	686	291	355	241	75	47	262	182	0	163	387	188	-	364	79	-	-	151	-	-	-	183	-	0	0	79	0	56	-	206	198	-	0	0	0	259	-	18
Gain on sale of branches, equipment and other assets, net
82	35	12	-129	79	-25	-102	0	7	2	-1,337	431	-56	-1	-86	840	-53	23	-266	21	8	-97	-35	445	9	-315	303	394	15	-	-5	359	-	-6	6	77	-4	2	12
Gain on OREO, net
277	159	334	58	206	114	836	1,046	405	176	335	393	121	159	132	-941	96	-507	-40	-263	493	264	529	859	539	347	777	441	86	121	-222	159	-107	394	69	-1,007	-94	-1,063	-404
Fair value adjustment for marketable securities
5,800	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on securities, net
-	-	-	-	-	-	-	-	-	1,193	136	380	423	644	0	15	10	0	0	0	4	-	-	-	-	0	0	111	0	-1	0	-9	19	-	5	-	-	-37	0
FDIC indemnification accretion/(amortization), net
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-410	-362	-1,239	-1,994	-2,202	-3,956	-7,439	-6,947	-6,622	-4,744	-2,949	-3,177	-2,283	-1,992	229	373	449	670	903	1,314	1,463	1,837	1,895	663
Other income
3,219	2,481	1,500	2,094	2,494	2,726	2,419	3,076	3,668	2,856	1,941	2,825	1,837	2,124	1,590	2,541	1,761	1,263	1,021	1,385	1,164	874	888	793	761	825	994	740	1,180	740	765	773	1,017	606	595	644	884	556	698
Total non-interest income
22,927	28,029	24,749	23,066	23,672	23,507	25,847	27,673	25,805	27,292	21,457	24,417	26,470	23,828	22,014	21,772	19,437	17,256	16,545	17,027	14,670	10,211	10,831	11,539	12,181	12,217	9,318	9,805	9,025	16,187	10,626	11,053	10,103	12,182	9,960	9,127	10,040	8,307	8,220
Non-interest expense:
Salaries and employee benefits
39,329	38,446	39,919	37,976	37,836	36,230	37,825	34,476	35,014	35,404	28,510	28,034	27,421	26,944	25,623	25,437	23,958	23,841	22,225	22,056	19,390	19,911	19,368	18,813	18,933	19,504	12,981	12,957	12,952	12,348	11,652	11,903	11,386	10,376	10,691	10,680	11,078	9,637	9,080
Occupancy and equipment
8,873	8,729	9,047	8,853	8,823	8,310	8,148	8,519	8,983	8,453	7,887	7,034	6,681	6,281	6,668	6,509	6,671	6,700	6,540	6,678	6,049	6,320	6,234	6,251	6,226	5,670	4,010	3,894	3,594	3,712	3,805	3,552	3,431	3,274	3,562	3,648	3,713	3,264	2,973
Data processing expense
4,326	4,294	4,059	3,838	3,970	3,642	3,461	3,339	3,986	3,559	2,853	2,863	2,723	2,278	2,791	2,766	2,664	2,673	2,619	3,063	2,419	1,842	1,801	1,793	1,793	1,538	1,114	1,231	1,510	1,331	1,137	1,371	1,091	994	1,185	1,137	1,285	848	954
Other operating expenses
25,721	19,873	14,739	16,957	18,428	23,090	16,689	16,894	15,397	15,802	31,596	13,072	18,316	11,991	15,944	12,875	12,355	15,785	13,209	11,453	12,855	13,076	15,414	11,763	12,405	28,162	8,610	7,773	7,807	12,186	7,387	7,598	8,478	8,625	8,298	8,391	7,785	7,545	5,983
Total non-interest expense
78,249	71,342	67,764	67,624	69,057	71,272	66,123	63,228	63,380	63,218	70,846	51,003	55,141	47,494	51,026	47,587	45,648	48,999	44,593	43,250	40,713	41,149	42,817	38,620	39,357	54,874	26,715	25,855	25,863	29,577	23,981	24,424	24,386	23,269	23,736	23,856	23,861	21,294	18,990
(Loss) income before income taxes
-2,420	96,470	99,962	95,104	94,085	92,517	105,634	100,335	97,034	96,117	22,357	80,379	72,230	77,838	69,105	69,534	66,169	59,468	55,937	53,845	49,241	47,062	42,378	44,847	42,886	20,068	28,953	27,941	27,511	26,642	25,103	24,455	22,251	21,980	21,936	20,970	19,456	14,166	13,465
Income tax (benefit) expense
-2,927	23,208	27,199	22,940	22,735	21,487	25,350	24,310	23,970	72,808	7,536	30,282	25,374	29,248	25,485	26,025	24,742	22,035	20,196	19,939	18,122	17,136	15,007	16,418	15,549	7,118	10,590	10,282	9,963	9,703	9,008	8,965	7,753	7,813	7,624	7,424	6,740	4,606	4,508
Net income
507	73,262	72,763	72,164	71,350	71,030	80,284	76,025	73,064	23,309	14,821	50,097	46,856	48,590	43,620	43,509	41,427	37,433	35,741	33,906	31,119	-	27,371	28,429	-	-	-	-	-	-	-	-	-	14,167	13,824	12,876	12,046	8,890	8,287
Preferred stock dividends and accretion of discount on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	488	670	670	670	670
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,337	-	18,363	17,659	17,548	16,939	16,095	15,490	14,498	14,167	14,312	13,546	12,716	9,560	8,957
Basic earnings per share
0.00	0.44	0.44	0.43	0.42	0.41	0.46	0.44	0.42	0.12	0.10	0.35	0.33	0.34	0.31	0.31	0.30	0.04	0.26	0.25	0.46	-0.41	0.41	0.44	0.42	0.19	0.33	0.32	0.31	0.04	0.29	0.28	0.51	-0.43	0.48	0.46	0.42	0.32	0.29
Diluted earnings per share
0.00	0.44	0.44	0.43	0.42	0.41	0.46	0.44	0.42	0.11	0.10	0.35	0.33	0.35	0.31	0.31	0.29	0.04	0.26	0.25	0.46	-0.41	0.41	0.43	0.42	0.19	0.33	0.31	0.31	0.05	0.28	0.27	0.51	-0.43	0.48	0.45	0.42	0.31	0.29
Service Charges on Deposit Accounts [Member]
Service charges
6,631	6,778	6,492	6,259	6,401	7,004	6,992	6,780	6,075	6,566	6,408	5,966	5,982	6,442	6,527	6,151	5,929	6,528	6,250	6,056	5,418	6,143	6,275	6,193	5,911	6,001	4,072	4,088	3,709	4,062	3,834	3,668	3,505	3,659	3,638	3,639	3,151	3,551	3,583
Other Service Charges and Fees [Member]
Service charges
6,056	10,636	8,710	8,177	6,563	7,598	9,041	9,797	10,155	10,144	8,490	8,576	8,917	7,611	7,504	7,968	7,117	6,827	6,644	6,499	6,216	6,273	5,977	5,978	5,686	5,146	3,671	3,479	3,437	3,062	3,119	3,223	3,024	2,554	2,489	2,602	2,284	1,816	1,899