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Parent company of Centennial Bank reports record earnings

By Gavin Lesnick

This article was published April 19, 2012 at 8:24 a.m.

— Home BancShares says the first quarter proved its most profitable ever.

The Conway-based parent company of Centennial Bank posted first quarter earnings of $14.5 million, up more than 20 percent from the first quarter last year, according to a report released Thursday.

"The record earnings reported during the first quarter are outstanding for Home BancShares," Chairman John Allison said in a statement. "We have strong reserves and our capital continues to remain well above the regulators' capital requirements leaving us open for both FDIC and market acquisition transaction opportunities."

Net interest income also set a quarterly record for Home BancShares, increasing 5.8 percent from a year ago to $36.5 million.

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