FindCapitol.com | Content At Your Fingertips

Home - Banking - Know About The Best Bank In Arkansas

Know About The Best Bank In Arkansas

A jump from the eighth position in 2017 straight up to the first spot in Forbes 2018’s list of ‘Best Banks in America’, has made the Arkansas-based Home BancShares, Inc. the most trustworthy bank of the country. As per this year’s Forbes report, Home BancShares, operating under the name Centennial Bank, is on the top spot in the list from number eight in 2017, beating Western Alliance Bancorp in the race.

Interestingly, Bank of Ozarks (again, an Arkansas-based bank) took over the third spot. The financial data was extracted from the data research company, S&P Global Market Intelligence, by Forbes for their list of ‘Best Banks in America.’

On the same, Chairman of Home BancShares Inc., John Allison expressed his contentment as he called it an esteemed moment for the bank’s name to be identified as the best bank. He especially thanked the bank account holders and communities for trusting them and furthermore, boosting their performance. A special mention was made to Forbes for acknowledging the hard work and accomplishments of the bank by honoring them with the ‘Best Bank in America’ title.

The ranks were gauged on equally balanced metrics with respect to credit quality, asset quality, profitability, growth, and capital adequacy, data of which was based on the statutory filings for the duration concluding on September 30, 2017. Various factors, which include tangible equity on an average, a percent of total loans as net charge-offs, efficiency ratio, net interest margin, and non-performing assets were taken into consideration whilst forming the list.

Launched in 1999, the $14 billion bank, Home BancShares Inc., has since expanded across four states with 172 branches (consequential presence in Florida Panhandle) and HQ based out of Conway. Since 1999, the bank has consistently managed to upscale its growth with 22 acquisitions of public banks.

You might also like : 7 Grave ATM Mistakes That You Must Avoid Overseas

What makes Home BancShares the ‘Best American Bank’?
In the third quarter of 2017, the bank managed to complete its $2.89 billion takeover of the Stonegate Bank and raked in outstanding scores among the top six banks for the return on average of the total common equity (16.2%), net interest margin (4.7%), return on average assets (1.5%), and cost-effectiveness ratio (42%). Home BancShares Inc., has not just won the trust of its bank account holders but also given Forbes reason to believe in its success.

What must you know about the Home BancShares?
Initiated with a transparent idea to build a community banking-based franchise, Home BancShares now enjoys a goodwill and trust of bank account holders and shareholders, who are onboard with their community banking philosophy. Their customer-centric approach has earned them the loyalty of their account holders as well as brought the successful franchise on the map of the American financial sector. The bank provides an extensive range of banking and financial services for the community, commercial, businesses, investors, individuals who are account holders in the bank, real estate developers, and municipalities. The company is identified by the “HOMB” symbol at the NASDAQ stock market.

Keep yourself updated with the latest on Banking . Like us on Facebook and follow us on Twitter for more on Investments.

Disclaimer:

The content provided on our blog site traverses numerous categories, offering readers valuable and practical information. Readers can use the editorial team’s research and data to gain more insights into their topics of interest. However, they are requested not to treat the articles as conclusive. The website team cannot be held responsible for differences in data or inaccuracies found across other platforms. Please also note that the site might also miss out on various schemes and offers available that the readers may find more beneficial than the ones we cover.

Cost of Medicare supplemental insurance plans for seniors

Guide to CPP Investments

Popular Articles

All You Need To Know About Bleeding Gums

All you need to know about bleeding gums We often do not pay much thought to bleeding gums and shrug it off because they invariably happen when we brush or floss our teeth. We consider it as normal but it should not be ignored. Gum bleeding is a fairly common problem.

Understanding The Stages A Congestive Heart Failure

Congestive heart failure (CHF) is a serious progressive condition affecting the pumping power of the muscles in the heart. It is generally called heart failure, but CHF specifically means the stage when fluid builds up all around the human heart resulting in inefficient pumping. There are a total of four heart chambers.

Deep Vein Thrombosis – Diagnosis And Treatment

Deep Vein Thrombosis – Diagnosis and treatment Deep Vein Thrombosis is a condition where a blood clot occurs in one of the deeper veins in the body; usually in the legs. Deep vein thrombosis leads to symptoms such as swelling, cramps, and leg pain. In a few rare cases, there are no symptoms of deep vein thrombosis.

The Causes And Symptoms Of Carcinoid Neuroendocrine Tumors

The causes and symptoms of carcinoid neuroendocrine tumors The neuroendocrine system can be described as a network of glands producing hormones that are carried into the bloodstream. There are different roles that these hormones play in the human body. The carcinoid neuroendocrine tumor is a very rare tumor that shows up in the cells of the neuroendocrine system.

Carcinoid Neuroendocrine Tumors – Prognosis And Life Expectancy

Carcinoid neuroendocrine tumors – Prognosis and life expectancy The neuroendocrine system is a complex regulatory mechanism comprised of cells spread throughout several organ systems, including our lungs and digestive system. As they have characteristics of both nerves and endocrine cells, they are called neuroendocrine cells. The nerve cells transmit signals using electrical impulses, whereas endocrine cells make thyroid and insulin-secreting glands.

What Are The First Signs Of Liver Damage

Liver damage – What are the first signs? On the right side of the abdomen, below your rib cage, is an organ called the liver. It is the size of a football and is one of the most important organs in the human body. The liver aids in the digestion of the food we eat and also helps in flushing out the toxins from our body.

What Are The Causes And Symptoms Of External Hemorroids

What are the causes and symptoms of external Hemorrhoids? Hemorrhoids, popularly known as ‘Piles,’ are enlarged or swollen blood vessels near the lower part of the rectum or anus. The inflamed veins are caused due to excessive pressure on the veins or extra strain during bowel movements. Hemorrhoids are very common in men as well as women in their middle age.

Home Remedies To Relieve Pain And Discomfort Due To Hemorrhoids

Home remedies to relieve pain and discomfort due to hemorrhoids Hemorrhoids are also known as “piles” as they are swollen or inflamed veins in and around the anus region of the body that cause severe pain, along with distress and bleeding. The swelling is caused due to increased pressure around the area or due to an injury during a bowel movement.