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Stephen Kendall Scouten

Managing Director and Senior Research Analyst at Piper Sandler & Co.

Stephen Kendall Scouten is a Managing Director and Senior Research Analyst at Piper Sandler, specializing in regional and mid-cap commercial banks, with a primary focus on institutions in the Southeastern United States. He covers specific publicly traded banks including Home Bancshares, Prosperity Bancshares, Bank OZK, and ServisFirst Bancshares, regularly appearing as a lead analyst in earnings calls and recognized by clients for his in-depth questions and sector knowledge. Scouten began his equity research career at Keefe, Bruyette & Woods before joining Sandler O’Neill + Partners in 2014, and transitioned to Piper Sandler through its acquisition, following earlier roles at SunTrust Robinson Humphrey and extensive experience in the mortgage industry. He is a CFA charterholder, holds an MBA in finance from Emory University’s Goizueta Business School (graduating as the top student), and is affiliated with the CFA Institute and CFA Society of Atlanta.

Stephen Kendall Scouten's questions to HOME BANCSHARES (HOMB) leadership

Question · Q3 2025

Stephen Kendall Scouten questioned the feasibility of reducing expenses to $111 million, the potential impact of lower interest rates on loan demand within the Centennial Commercial Finance Group (CCFG), and the company's preference for using its stock for M&A versus more aggressive share repurchases.

Answer

CEO Stephen Tipton confirmed the presence of one-time expenses in Q3 and ongoing efforts to trim costs. President of Centennial Commercial Finance Group Christopher Poulton anticipated that a lower rate environment would generally stimulate demand for CCFG loans. Chairman John Allison stated the company would continue to use both its stock for acquisitions and buy back shares, depending on the stock price, leveraging its strong ROA to pull all capital handles.

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