Home BancShares Inc. of Conway on Thursday reported second-quarter net income of $43.5 million, up 28 percent from the same quarter last year, amid $172.5 million in loan growth and another improvement to the company's efficiency ratio.
It was the 21st consecutive quarter that the company (Nasdaq: HOMB), the parent of Centennial Bank, reported record quarterly profit.
"During the second quarter of 2016, we continued our momentum growing both earnings and organic loans," Chairman John Allison said in a news release. "Organic loans grew by $172.5 million for the quarter, while the core efficiency ratio improved again to an impressive 36.84 percent. Additionally, we are pleased to have crossed another milestone by reporting a quarterly return on assets greater than 1.80 percent for the second quarter of 2016 at 1.83 percent.”
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