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Home BancShares Inc. of Conway on Thursday reported record first-quarter net income of $91.6 million, up from $507,000 in the same quarter last year.
The parent company of Centennial Bank said earnings per share rose to 55 cents from zero in the same quarter last year.
Adjusted for non-recurring gains, earnings came to 47 cents per share, which beat Wall Street expectations of 44 cents per share, according to The Associated Press.
The bank holding company posted revenue of $207.9 million in the period. Its revenue net of interest expense was $193.4 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $171.2 million, The AP reported.
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