Conway, Ark.-based Home BancShares Inc. reported net income available to common shareholders of $71.0 million, or 41 cents per share, in the fourth quarter, rising from net income of $23.3 million, or 13 cents per share, in the same quarter of 2017.
Adjusted earnings for the quarter — which excluded merger expenses, hurricane expenses and the effect of tax rate change — amounted to $75.8 million, or 44 cents per share, compared to $60.2 million, or 35 cents per share, in the year-ago quarter.
The S&P Global Market Intelligence consensus GAAP EPS estimate for the fourth quarter was 45 cents.
Loans receivable amounted to $11.07 billion, compared to $10.83 billion at the end of the linked quarter and $10.33 billion at the end of the fourth quarter of 2017.
Total deposits reached $10.90 billion, compared to $10.62 billion at the end of the previous quarter and $10.39 billion at the end of the year-ago quarter.
For full year 2018, the company reported net income of $300.4 million, or $1.73 per share, compared to net income of $135.1 million, or 89 cents per share, in the previous year.