HOMB FY 2023 Earnings Report — Home Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Home Bancshares, Inc.HOMB

FY 2023 Earnings

Reported February 26, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.0B	—	28.0%
Op. Income	$512M	—	$395M	—	29.7%
Gross Margin	73.0%	—	82.6%	—	-9.6pp
Net Margin	29.6%	—	29.5%	—	0.2pp
EPS (Diluted)	$1.94	—	$1.57	—	23.6%
Free Cash Flow	$357M	—	$394M	—	-9.2%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$359M
GROSS PROFIT	$968M
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$288M
SG&A Expenses	$297M
Other Expenses	$159M
Operating Expenses	$456M
Cost & Expenses	$814M
OPERATING INCOME	$512M
Interest Income	$1.2B
Interest Expense	$348M
Other Income/Expenses	$0
INCOME BEFORE TAX	$512M
Income Tax Expense	$119M
Net Income from Continuing Ops	$393M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$393M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$393M
D&A	$31M
EBIT	$512M
EBITDA	$543M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$359M
GROSS PROFIT	$968M
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$288M
SG&A Expenses	$297M
Other Expenses	$159M
Operating Expenses	$456M
Cost & Expenses	$814M
OPERATING INCOME	$512M
Interest Income	$1.2B
Interest Expense	$348M
Other Income/Expenses	$0
INCOME BEFORE TAX	$512M
Income Tax Expense	$119M
Net Income from Continuing Ops	$393M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$393M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$393M
D&A	$31M
EBIT	$512M
EBITDA	$543M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$393M
Depreciation & Amortization	$31M
Stock-Based Compensation	$9M
Deferred Income Tax	-$4M
Other Non-Cash Items	-$31M
Change in Working Capital	-$18M
OPERATING CASH FLOW	$380M
Capital Expenditure	-$22M
Acquisitions (Net)	$0
Purchases of Investments	-$13M
Sales/Maturities of Investments	$605M
Other Investing Activities	$9M
NET CASH FROM INVESTING	$578M
Net Debt Issuance	$651M
Common Stock Repurchased	-$49M
Common Dividends Paid	-$146M
Other Financing Activities	-$1.1B
NET CASH FROM FINANCING	-$683M
FREE CASH FLOW	$357M
Net Change in Cash	$275M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$3.5B
Net Receivables	$119M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.6B
PP&E (Net)	$393M
Goodwill	$1.4B
Intangible Assets	$49M
Long-Term Investments	$15.4B
Tax Assets	$197M
Other Non-Current Assets	$574M
TOTAL NON-CURRENT ASSETS	$18.0B
TOTAL ASSETS	$22.7B
Account Payables	$195M
Short-Term Debt	$142M
Deferred Revenue	$0
Other Current Liabilities	$16.8B
TOTAL CURRENT LIABILITIES	$17.1B
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$18.9B
Common Stock	$2M
Additional Paid-In Capital	$2.3B
Retained Earnings	$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$249M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$0
TOTAL EQUITY	$3.8B
TOTAL LIABILITIES & EQUITY	$22.7B
Total Debt	$1.9B
Net Debt	$883M