From GlobeNewswire:

Home BancShares, Inc. announced quarterly earnings, reporting $86.2 million in net income for Q4 2023, down from $98.5 million in Q3 2023. Total revenue was also down at $245.6 million, compared to $245.4 million in the previous quarter. The company attributed the decline to an FDIC assessment and losses from unethical behavior. CEO John Allison expressed pride in the company’s performance, excluding these events. Home BancShares, Inc. revealed it held $2.12 billion in net available internal liquidity and had access to $3.47 billion in net available external liquidity as of December 31, 2023. The company also reported holding $8.34 billion in uninsured deposits as of the same date, and had access to $5.59 billion in net available liquidity. Home BancShares, Inc. reported a net income of $86.2 million for the three-month period ended December 31, 2023, with a net interest margin of 4.17%. The company also achieved $42.8 million of non-interest income and reported that non-interest expense for Q4 2023 was $127.2 million, with the most significant components being salaries and employee benefits, other operating expenses, and occupancy and equipment expenses.



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