Home BancShares in Conway, Ark., is looking for an acquisition to help it meet a big financial goal.
The $22.9 billion-asset company is keen to boost annual net income to $500 million in 2026, Chairman and CEO Johnny Allison said during a conference call to discuss quarterly earnings.
“We need to find something to buy that will be additive to our income,” Allison said. “That just rings the bell with me … but we need to acquire some more assets to get that done. “
Allison said the company is looking at several opportunities and will “pick the best of the line to keep the forward progress moving in the positive direction,” adding that he hopes to announce a deal between now and when third-quarter results come out in October.