Centennial Bank’s parent company posted Thursday a record first-quarter profit of $31.1 million, or 46 cents per diluted share.
Conway-based HomeBancShares Inc. said that compared with a profit of $27.3 million, or 42 cents in diluted earnings per share, in the same quarter in 2014, which represents a 13.8 percent increase from the year before.
"We are pleased to report the first quarter of 2015 as the sixteenth consecutive quarter reporting the most profitable quarter in the Company's history," Home BancShares CEO Randy Sims said in a statement. "The $1.2 million or 4.0% increase from our previously reported record earnings is truly another outstanding achievement. The Company also reported outstanding results for diluted earnings per share excluding merger expenses and one-time acquisition gain of $0.46 per share and core efficiency ratio of 40.84%."
The company also said it plans closed one Florida bank branch during the first quarter, and will shutter one in Arkansas and another in Florida during the second quarter. The company operates 82 branches in Arkansas, 60 branches in Florida, 7 branches in Alabama, and has plans to open a loan-production office in New York City, according to the statement.
The bank’s management will hold a conference call to review its quarterly report at 1 p.m. Thursday. Those interested may listen in by dialing (877) 508-9586. A replay will be available for the next week by calling (877) 344-7529 and using the code 10062460, or by visiting the company’s website at www.homebancshares.com.