Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Q2 2023 Earnings Conference Call July 20, 2023 2:00 PM ET

Company Participants

Donna Townsell - Director, Investor Relations

John Allison - Chairman

Tracy French - President and Chief Executive Officer, Centennial Bank

Stephen Tipton - Chief Operating Officer

Kevin Hester - Chief Lending Officer

Brian Davis - Chief Financial Officer

Chris Poulton - President, CCFG

John Marshall - President, Shore Premier Finance

Conference Call Participants

Jon Arfstrom - RBC

Matt Olney - Stephens Inc

Brett Rabatin - Hovde Group

Stephen Scouten - Piper Sandler

Michael Rose - Raymond James

Brady Gailey - Keefe Bruyette & Woods Inc.

Brian Martin - Janney

Operator

Greetings, ladies and gentlemen. Welcome to the Home Bancshares, Inc. Second Quarter 2023 Earnings Call. The purpose of this call is to discuss the information and data provided in the quarterly earnings release issued this morning. The company presenters will begin with prepared remarks, then entertain questions. [Operator Instructions] The company has asked me to remind everyone to refer to their cautionary note regarding forward-looking statements. You will find this note on Page 3 of their Form 10-K filed with the SEC in February 2023. [Operator Instructions] And this conference is being recorded. [Operator Instructions] It is now my pleasure to turn the call over to Donna Townsell, Director of Investor Relations.

Donna Townsell

Thank you. Good afternoon and welcome to our second quarter conference call. With me for today’s discussion is our Chairman, John Allison; Tracy French, President and CEO of Centennial Bank; Stephen Tipton, Chief Operating Officer; Kevin Hester, Chief Lending Officer; Brian Davis, our Chief Financial Officer; Chris Poulton, President of CCFG; and John Marshall, President of Shore Premier Finance.

While Home Bancshares actually continues to stand tall in this shaky banking environment with a strong second quarter results and our first speaker, Chairman, John Allison will illustrate those details for us with some prepared remarks.

John Allison

Thank you, Donna and welcome, everyone for attending the second quarter of 2023 earnings release and conference call. I hope you found it interesting and informative and maybe a little comparable. Some people set themselves up for an easy target and sometimes can’t pass it. Well, here we are in July ‘23 and just wrapped up a very interesting and unusual towards the side the least, we have seen that the worst financial crisis since Great Depression in 2005 to 2010 and ‘17 pandemic like we have never seen, while inflation, not seen since the late ‘70s and early ‘80s as a result of both the past and present administration spending money without strength. All clients on their own was trying to do its best to control inflation with this out of control spending. I call that swimming upstream with hand cash.