Arkansas's Top Banking Institution: A Closer Look
Home BancShares, based in Arkansas, has risen to become the top-ranked bank in America according to Forbes 2018. Known for its community-focused approach, the bank has demonstrated strong financial performance through strategic acquisitions and dedicated service, earning nationwide recognition. With a wide range of banking services and a commitment to trust and growth, Home BancShares continues to set industry standards. Traded as HOMB on NASDAQ, it remains a prominent player in the American banking sector, illustrating successful community banking expansion.
Arkansas's Leading Banking Institution: A Closer Look
Home BancShares, Inc., headquartered in Conway, Arkansas, has achieved remarkable recognition by rising from eighth place in 2017 to clinching the top spot on Forbes' 2018 list of 'Best Banks in America.' Operating as Centennial Bank, it surpassed competitors like Western Alliance Bancorp and Arkansas-based Bank of Ozarks, now ranked third. Data from S&P Global Market Intelligence informed this ranking, which evaluates credit quality, asset stability, profitability, growth, and capital strength based on filings ending September 30, 2017.
Chairman John Allison expressed pride in the accolade, thanking customers and communities for their trust, which propelled their success. Forbes' acknowledgment highlights the bank's dedication to excellence.
Established in 1999 with $14 billion in assets, Home BancShares has expanded across four states with 172 branches, including locations in Florida Panhandle. The bank has grown steadily through 22 acquisitions, emphasizing community banking values. Notably, in late 2017, it completed a $2.89 billion acquisition of Stonegate Bank, boosting its financial metrics such as return on equity, net interest margin, and asset efficiency, ranking among the top banks nationwide.
Why is Home BancShares considered the best bank in America? With a focus on community service and transparent banking, it has built lasting trust among clients and shareholders. Its customer-first approach has solidified its reputation in the financial industry. The institution offers comprehensive banking solutions for individuals, businesses, real estate developers, and municipalities. Traded as "HOMB" on NASDAQ, Home BancShares continues to expand its community banking model.
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