Home BancShares, Inc. (NYSE: HOMB) (“the company”) is a $22.9 billion-asset holding company based in Conway, Arkansas. HOMB operates through its bank subsidiary, Centennial Bank, with a strong presence in Arkansas (75 branches) and the demographically attractive states of Florida (78) and Texas (59) as well as five branches in Alabama and one in New York City, run by its national commercial finance division, Centennial Commercial Finance Group (“CCFG”). The company provides a diversified mix of commercial and retail banking services to businesses, real estate developers, investors, individuals and municipalities.
The $15.7 billion loan book is adequately diversified and primarily comprised of investor CRE (49%), C&I (including owner occupied CRE; (24%), residential mortgage (14%), and consumer (8%), with the rest in agriculture and other loans. The CCFG unit’s $2.0 billion nationally originated CRE and C&I loans typically comprised ~10%-15% of…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.