Home BancShares, Inc. Announces First Quarter Cash Dividend

Rhea-AI Summary

Home BancShares (HOMB) announced a quarterly cash dividend of $0.14 per share, payable on March 10, 2021. This dividend marks a 7.7% increase from the $0.13 paid in Q1 2020 and matches the dividend from Q4 2020. Shareholders must be on record by February 17, 2021.

Home BancShares is the parent company of Centennial Bank, which provides a range of banking services across several states, including Arkansas and Florida. The company’s stock trades on NASDAQ under the symbol HOMB.

Positive

• Quarterly cash dividend of $0.14 per share shows a 7.7% increase over the previous year.
• Steady dividend consistency could enhance investor confidence.

Negative

• Potential risks from the COVID-19 pandemic could impact credit quality and liquidity.
• Uncertainty in economic conditions may affect loan demand and real estate values.

CONWAY, Ark., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NASDAQ GS: HOMB), parent company of Centennial Bank, today announced that its Board of Directors has declared a regular $0.14 per share quarterly cash dividend payable March 10, 2021, to shareholders of record February 17, 2021. This cash dividend represents a $0.01 per share, or 7.7%, increase over the $0.13 cash dividend paid during the first quarter of 2020 and is consistent with the dividend paid during the fourth quarter of 2020.

Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Its wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, South Alabama and New York City. The Company’s common stock is traded through the NASDAQ Global Select Market under the symbol “HOMB.”

This release may contain forward-looking statements regarding the Company’s plans, expectations, goals and outlook for the future. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risk and uncertainties. Various factors could cause actual results to differ materially from those contemplated by the forward-looking statements. These factors include, but are not limited to, the following:  economic conditions, credit quality, interest rates, loan demand, real estate values and unemployment; disruptions, uncertainties and related effects on our business and operations as a result of the ongoing coronavirus (COVID-19) pandemic and measures that have been or may be implemented or imposed in response to the pandemic, including the impact on, among other things, credit quality and liquidity; the ability to identify, complete and successfully integrate new acquisitions; legislative and regulatory changes and risks and expenses associated with current and future legislation and regulations, including those in response to the COVID-19 pandemic; technological changes and cybersecurity risks; the effects of changes in accounting policies and practices, including from the adoption of the current expected credit loss (CECL) model on January 1, 2020; changes in governmental monetary and fiscal policies; political instability; competition from other financial institutions; potential claims, expenses and other adverse effects related to current or future litigation, regulatory examinations or other government actions; changes in the assumptions used in making the forward-looking statements; and other factors described in reports we file with the Securities and Exchange Commission (the “SEC”), including those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 26, 2020, and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, filed with the SEC on August 5, 2020.

FOR MORE INFORMATION CONTACT:
Donna Townsell
Senior Executive Vice President &
Director of Investor Relations
(501) 328-4625

FAQ

What is the latest dividend declared by Home BancShares (HOMB)?

Home BancShares declared a quarterly cash dividend of $0.14 per share.

When is the dividend for HOMB payable?

The dividend is payable on March 10, 2021.

When is the record date for HOMB shareholders to receive the dividend?

The record date is February 17, 2021.

What was the increase in the dividend compared to the previous year?

The dividend increased by $0.01 per share, or 7.7%, compared to the previous year.