Home BancShares, Inc. Announces Second Quarter Cash Dividend

Rhea-AI Summary

Home BancShares, Inc. (NASDAQ: HOMB) announced a quarterly cash dividend of $0.14 per share, payable on June 2, 2021, to shareholders of record on May 12, 2021. This dividend maintains the same rate as the first quarter of 2021. Home BancShares operates through its subsidiary, Centennial Bank, which offers extensive banking services across Arkansas, Florida, South Alabama, and New York City. The company remains focused on navigating challenges posed by economic conditions and the ongoing COVID-19 pandemic.

Positive

• Consistent quarterly cash dividend of $0.14 per share provides income for shareholders.
• Company's ability to maintain dividend during economic uncertainty reflects confidence in financial stability.

Negative

• Potential risks include economic conditions, credit quality, and uncertainties related to the COVID-19 pandemic.
• Forward-looking statements indicate inherent risks that could impact financial performance.

CONWAY, Ark., April 21, 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 June 2, 2021, to shareholders of record May 12, 2021. The cash dividend remains consistent with the dividend paid during the first quarter of 2021.

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; 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, 2020, filed with the SEC on February 26, 2021.

FOR MORE INFORMATION CONTACT:

Donna Townsell
Senior Executive Vice President &
Director of Investor Relations
(501) 328-4625

FAQ

What is the dividend amount for Home BancShares (HOMB) in 2021?

Home BancShares declared a quarterly cash dividend of $0.14 per share in 2021.

When is the dividend payment date for Home BancShares (HOMB)?

The dividend payable date is June 2, 2021.

What is the record date for Home BancShares' dividend?

The record date for the dividend is May 12, 2021.

How often does Home BancShares (HOMB) pay dividends?

Home BancShares pays dividends quarterly.

What risks could affect Home BancShares (HOMB) financial performance?

Risks include economic conditions, credit quality, and the impact of COVID-19.