Overview

• U.S. regional bank's Q1 revenue rose 2.5% yr/yr but missed analyst expectations

• Adjusted EPS for Q1 beat analyst expectations

• Company completed previously announced Mountain Commerce Bancorp acquisition after quarter end

Outlook

• Company did not provide specific guidance for the current qtr or full yr

Result Drivers

• BALANCE SHEET MANAGEMENT - Co said effective balance sheet management and stable credit performance supported results

• EXPENSE CONTROL - Co highlighted disciplined expense management and cost efficiency as supporting profitability

• INTEREST EXPENSE DECLINE - Lower interest expense driven by declining rate environment aided results

Company press release: ID:nGNX1mhLw3

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Miss	$266.70 mln	$273.14 mln (7 Analysts)
Q1 Adjusted EPS	Beat	$0.60	$0.59 (9 Analysts)
Q1 EPS		$0.60
Q1 Adjusted Net Income	Beat	$118.20 mln	$116.37 mln (8 Analysts)
Q1 Net Income		$118.20 mln
Q1 ROE		11.09%

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Home BancShares Inc is $32.00, about 15.6% above its April 15 closing price of $27.67

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

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