Home BancShares, Inc. (HOMB) Financial Statements (2023 and earlier)

Company Profile

Business Address 719 HARKRIDER
CONWAY, AR 72032
State of Incorp. AR
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments724,7903,650,3151,263,788490,601657,939635,933
Cash and cash equivalents724,7903,650,3151,263,788490,601657,939635,933
Total current assets:724,7903,650,3151,263,788490,601657,939635,933
Noncurrent Assets
Operating lease, right-of-use asset42,90039,60040,20044,300
Property, plant and equipment405,073275,760278,614280,103233,261237,439
Intangible assets, net (including goodwill)1,456,708998,0701,003,753994,9801,001,304977,300
Goodwill1,398,253973,025973,025958,408958,408927,949
Intangible assets, net (excluding goodwill)58,45525,04530,72836,57242,89649,351
Deferred income tax assets209,32178,29070,249 
Total noncurrent assets:2,114,0021,391,7201,392,8161,319,3831,234,5651,214,739
Other undisclosed assets20,044,79613,010,10313,742,20013,222,06313,409,93412,599,088
TOTAL ASSETS:22,883,58818,052,13816,398,80415,032,04715,302,43814,449,760
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt181,146140,886168,931218,727928,779672,789
Total current liabilities:181,146140,886168,931218,727928,779672,789
Noncurrent Liabilities
Other undisclosed liabilities19,176,08015,145,53113,624,11512,301,78912,023,77311,572,680
Total liabilities:19,357,22615,286,41713,793,04612,520,51612,952,55212,245,469
Equity
Equity, attributable to parent3,526,3622,765,7212,605,7582,511,5312,349,8862,204,291
Common stock2,0341,6371,6511,6641,7071,736
Additional paid in capital2,386,6991,487,3731,520,6171,537,0911,609,8101,675,318
Accumulated other comprehensive income (loss)(305,458)10,46244,12016,221(13,815)(3,421)
Retained earnings1,443,0871,266,2491,039,370956,555752,184530,658
Total equity:3,526,3622,765,7212,605,7582,511,5312,349,8862,204,291
TOTAL LIABILITIES AND EQUITY:22,883,58818,052,13816,398,80415,032,04715,302,43814,449,760

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues768,867592,472641,528673,550643,145550,122
Net investment income766,675590,310639,680671,274641,035484,993
Cost of revenue(63,585) (112,264)(1,325)(4,322)(44,250)
Provision for loan, lease, and other losses(63,585) (112,264)(1,325)(4,322)
Financial services costs(44,250)
Gross profit:705,282592,472529,264672,225638,823505,872
Operating expenses(187,133)(125,981)(140,098)(121,613)(120,578)(241,168)
Other operating income, net
(Noninterest Income, Other Operating Income)
48,28120,70412,3768,56911,8899,459
Operating income:566,430487,195401,542559,181530,134274,163
Nonoperating income4,3004,0523,3323,5095,2576,821
Investment income, nonoperating      3,807
Gains on sales of other real estate5002,0031,1327572,4011,025
Bank owned life insurance income3,8002,0492,2002,7522,8561,989
Interest and debt expense(119,090)(52,200)(93,407)(154,771)(124,355)(64,346)
Income from continuing operations before equity method investments, income taxes:451,640439,047311,467407,919411,036216,638
Other undisclosed income (loss) from continuing operations before income taxes(57,065)(22,272)(33,764)(22,298)(15,516)54,445
Income from continuing operations before income taxes:394,575416,775277,703385,621395,520271,083
Income tax expense(89,313)(97,754)(63,255)(96,082)(95,117)(136,000)
Income from continuing operations:305,262319,021214,448289,539300,403135,083
Income before gain (loss) on sale of properties:319,021214,448289,539300,403135,083
Net income available to common stockholders, diluted:305,262319,021214,448289,539300,403135,083

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:305,262319,021214,448289,539300,403135,083
Other comprehensive income (loss)(315,920)(33,658)27,89930,495(9,404)(3,821)
Comprehensive income (loss), net of tax, attributable to parent:(10,658)285,363242,347320,034290,999131,262

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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