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HOMB News
HOMB Events
Investor Sentiment Hit by Bond Market, Oracle Shares Down 9%
Investor sentiment buckled under a one-two punch from fixed income markets on Wednesday. Hotter than expected CPI inflation data goosed up Treasury yields, with the 10-year spiking to 5.30% and Fed Funds futures pricing in a higher probability of more FOMC tightening. CME Fed Funds tool estimates October hike at 32% vs. 22% prior and the case for two more consecutive hikes this year at 26% vs. 19% prior. Then, headlines concerning the corporate bond market spooked investors further as CoreWeave'sunsecured notes due 2032 slid below 80 cents on the dollar, a level broadly viewed as a distress marker, compounding the recent pressure seen in the Tech space. Oracle, one of the more heavily indebted AI buildout linked names, ended the day down 9% at the lowest level since August.Technology was by far the worst-performing sector in the S&P 500, balanced by the defensively-oriented Consumer Staples and Healthcare. Tech-heavy Nasdaq Composite ended the day down 2% at the lowest level in nearly a month. Cautious tone is extending into the evening session - in the opening hours, S&P e-minis are down 0.2% and the Nasdaq 100 contract is down by 0.7%.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER -Rezoluteup 5.9% after completing enrollment in study of ersodetugViking Therapeuticsup 1.4% after being initiated at Buy by UBSDOWN AFTER EARNINGS -Home BancSharesdown 2.5%Equity Bancsharesdown 1.4%ALSO LOWER -Rocket Labdown 6.6% after delaying Neutron launch to 2027 from Q4Spotify Technologydown 1% after downgrade to Hold at StoneXAlbertsons Companiesdown 0.8% after downgrade to Neutral at Goldman Sachs
Q3 Revenue at $288.4M, Below Consensus
Reports Q3 revenue $288.4M, consensus $294.1M. Reports Q3 net interest margin: 4.53% vs 4.56% y/y.
Home BancShares Announces Quarterly Cash Dividend Increase to 23 Cents
Home BancShares announced that its board of directors has declared a regular 23c per share quarterly cash dividend payable September 2 to shareholders of record August 12. This cash dividend represents a 2c, or 9.5%, increase over the 21c cash dividend paid during the second quarter of 2026 and a 3c, or 15%, increase over the 20c cash dividend paid during the third quarter of 2025.
Apple Stock Hits Record High Above $325
Rapid momentum shifts in the Tech ecosystem continued to dominate headlines on Wednesday, with broad-based selling in the semiconductor, chip equipment, and memory names being offset by renewed strength among the hyperscalers. Six of the seven MAG-7 names were up and five of them gained 3% or better. Applewas the standout as it hit record highs above $325 per share, though MetaMETA) was also notable as the stock's 3% jump drove shares to their highest levels since early the company sold off sharply after earnings in April. Nvidia (NVDA) was only marginally higher while Teslaended the day in the red. Utilities was the worst performing sector in the S&P 500, while Communication Services - dominated by Alphabet- was the best sector.In the opening hour of the evening session, equity indices are flat. In commodities, WTI Crude Oil advance has slowed, but the contract has still topped the $80 per barrel level with no signs of easing tensions in the standoff between U.S. and Iran.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -J.B. Hunt Transport Servicesup 7.7%Home BancSharesup 2.4%DOWN AFTER EARNINGS -Frequency Electronicsdown 5.8%Great Southern Bancorpdown 3.8%United Airlinesdown 2.5%ALSO LOWER -AST SpaceMobiledown 13.0% after convertible note offeringAccendra Healthdown 3.4% after mixed shelf offeringStereotaxisdown 2.5% after equity offeringMatsondown 0.8% after Q2 pre-announcement
Home BancShares Q2 Revenue Reaches $295.1 Million
Reports Q2 revenue $295.1M, consensus $289.22M. "Home BancShares delivered another quarter of strong profitability and balance sheet expansion in the second quarter. Highlights include a record PPNR, as adjusted, of $171.2 million, a record total net revenue of $295.1 million, smart loan growth, increase to book value and maintaining a stable margin, while returning capital through meaningful share repurchases and adjusted EPS of $0.64," said John Allison, Chairman.
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