CONWAY, Ark., March 10, 2017 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NASDAQ:HOMB), parent company of Centennial Bank, announced they received a 2016 Raymond James Community Bankers Cup award. The Raymond James Community Bankers Cup awards recognized the top 28 community banks with assets between $500 million and $10 billion based on various profitability, operational efficiency, and balance sheet metrics. Of the 281 community banks across the United States analyzed for the awards, Home BancShares ranked eighth among the Cup winners. Home BancShares, Inc. has been awarded the Raymond James Community Bankers Cup on four occasions since it the award’s inception in 2011.
According to the analysis, Home BancShares, Inc. has shown superior stock performance in the last five years. Among the group of Community Bankers Cup winners, Home BancShares ranked fourth in five-year return at a 328.7% return, which significantly outperformed the NASDAQ BANK Index, S&P 500 Index and NASDAQ Composite Index in the five-year return category. Across the six financial measures analyzed, we ranked first in return on average tangible common equity and second in return on average assets, net interest margin and efficiency ratio as compared to the remaining Cup winners.
“We are honored Home BancShares has been included with the best of the best of community banks for the fourth year in a row bank by such a respected financial investment and services company as Raymond James,” said John Allison, Chairman. “We are proud of our recurring strong financial performance and consistency in creating exceptional shareholder value.”
Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Our wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, South Alabama and New York City. The Company's common stock is traded through the NASDAQ Global Select Market under the symbol “HOMB.”
This release contains forward-looking statements regarding the Company's plans, expectations, goals and outlook for the future. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risk and uncertainties. Various factors, including, but not limited to, economic conditions, credit quality, interest rates, loan demand, the ability to successfully integrate new acquisitions and changes in the assumptions used in making the forward-looking statements, could cause actual results to differ materially from those contemplated by the forward-looking statements. Additional information on factors that might affect Home BancShares, Inc.'s financial results is included in its Annual Report on Form 10-K for the year ended December 31, 2016 filed with the Securities and Exchange Commission (the “SEC”) on February 28, 2017.