Home BancShares posted Q2 net income of $119.3 million, little changed from a year earlier; diluted EPS slipped to $0.59 from $0.60.
Total revenue (net) climbed 10.6% from Q1 to a record $295.1 million, lifted by higher net interest income and non-interest income.
Net interest margin held at 4.51%, while ROA eased to 1.95% from 2.09% in Q1.
Balance sheet growth and acquisition impact
Loans rose to $17.13 billion from $15.63 billion, while deposits increased to $19.11 billion from $17.74 billion following the Mountain Commerce acquisition.
Chairman John Allison said Mountain Commerce delivered “meaningful deposit growth” quickly, despite $12.7 million of merger-related expenses.
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