CONWAY, Ark., Aug. 04, 2017 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NASDAQ:HOMB), parent company of Centennial Bank, announced they were named as one of the top 10 performing banks in the nation with assets between $5 billion and $50 billion by Bank Director magazine, earning an eighth place ranking out of 117 banks in the same asset size category. Bank Director's annual bank performance scorecard analysis included the 300 largest publically traded banks and is based on five key metrics related to profitability, capital strength and asset quality.
Based on the results of Bank Director’s 2017 Bank Performance Scorecard, Home BancShares ranked second in core return on assets at a 1.91% return and fifth in core return on average equity at a 14.51% return.
Additionally, Stonegate Bank, which Home BancShares is set to acquire in the fourth quarter of 2017, ranked twelfth among banks with assets between $1 billion and $5 billion.
“We are honored Home BancShares has been recognized nationally among the top-performing banks of our size,” said John Allison, Chairman. “This recognition is a nice reward for sound decision-making through the years across our organization. We are proud of our ability to continue improving shareholder value and financial performance for our investors.”
The 2017 Bank Performance Scorecards appears in the 3rd Quarter 2017 edition of the Bank Director magazine. The 2017 Bank Performance Scorecard was calculated by Sandler O’Neill & Partners, L.P., a New York-based investment banking firm, using data provided to it by S&P Global Market Intelligence (formerly SNL Financial) in Charlottesville, Virginia.
Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Our wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, South Alabama and New York City. The Company's common stock is traded through the NASDAQ Global Select Market under the symbol “HOMB.”
This release contains forward-looking statements regarding the Company's plans, expectations, goals and outlook for the future. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risk and uncertainties. Various factors, including, but not limited to, economic conditions, credit quality, interest rates, loan demand, the ability to successfully integrate new acquisitions and changes in the assumptions used in making the forward-looking statements, could cause actual results to differ materially from those contemplated by the forward-looking statements. Additional information on factors that might affect Home BancShares, Inc.'s financial results is included in its Annual Report on Form 10-K for the year ended December 31, 2016 filed with the Securities and Exchange Commission (the “SEC”) on February 28, 2017.