Home BancShares, Inc. - HOMB STOCK NEWS

Home BancShares, Inc. (HOMB) has successfully completed a public offering of $300 million in 3.125% fixed-to-floating rate subordinated notes due 2032, garnering net proceeds of approximately $297.2 million after underwriting discounts. The funds will support various corporate needs, including repaying existing unsecured debt, funding the acquisition of Happy Bancshares, and facilitating growth for Centennial Bank. The offering was managed by Piper Sandler & Co., and involves forward-looking statements regarding economic conditions and potential risks related to the acquisition process.

Home BancShares, Inc. (NYSE: HOMB) has priced $300 million of 3.125% fixed-to-floating subordinated notes due 2032. Initially, the interest rate is set at 3.125% until January 30, 2027, after which it will reset quarterly based on a benchmark rate plus 182 basis points. Proceeds will support general corporate purposes, including repaying existing debt and growth investments. The offering is expected to close around January 18, 2022, subject to customary conditions, and will contribute to the Company's Tier 2 capital for regulatory purposes.

Home BancShares (HOMB) announced a public offering of $300 million in fixed-to-floating rate subordinated notes maturing in 2032. The proceeds will be used for various corporate purposes, including repaying existing debts and supporting growth at Centennial Bank, as well as potential share repurchases and acquisitions. Piper Sandler is the sole book-running manager for the offering. This announcement includes forward-looking statements with inherent risks, emphasizing that actual results may vary due to various economic and operational factors.

Home BancShares, Inc. (NYSE: HOMB) will report its Fourth Quarter 2021 earnings before market opening on January 20, 2022. Following the earnings release, the management will conduct a conference call to discuss results at 1:00 p.m. CT. Participants can pre-register for access to the live call or listen via phone. The bank operates through its subsidiary, Centennial Bank, offering a range of banking services and has branches in several states. The press release includes forward-looking statements about economic conditions and the potential impacts of the COVID-19 pandemic.

The Arkansas State Banking Board has approved Home BancShares' merger with Happy Bancshares, following shareholder approvals on December 15, 2021. The merger involves issuing 2.17 shares of Home stock for each share of Happy, valuing the transaction at approximately $1.02 billion, or $52.19 per Happy share based on recent trading prices. The merger is expected to close in Q1 2022, pending Federal Reserve approval. This strategic acquisition aims to expand Home's market presence and enhance shareholder value.

Home BancShares, Inc. (NYSE: HOMB) announced a successful shareholder vote for the acquisition of Happy Bancshares, Inc. 99.47% of HOMB shareholders approved the stock issuance, while 97.27% of Happy’s shareholders backed the merger. The acquisition is expected to close in Q1 2022, pending regulatory approvals. Chairman John Allison expressed gratitude for the strong support from both companies' shareholders, highlighting confidence in the merger. Home BancShares operates Centennial Bank, providing various banking services across multiple states.

Intercontinental Exchange (NYSE: ICE) has announced that Home BancShares (NYSE: HOMB) has officially transferred its listing and will begin trading on the NYSE today. This transfer allows Home BancShares, the parent company of Centennial Bank, to utilize the benefits of NYSE membership, including enhanced market visibility and access to a vast network of business leaders. Home BancShares aims to create long-term value for its customers and shareholders by joining one of the world's leading exchanges.

Home BancShares, Inc. (NASDAQ GS: HOMB) is transferring its common stock listing to the New York Stock Exchange (NYSE) from NASDAQ. The transition will occur on November 22, 2021, with trading on NASDAQ concluding on November 19, 2021. Chairman and CEO John Allison expressed enthusiasm for joining the NYSE, reinforcing the bank's commitment to delivering long-term value to shareholders. Home BancShares operates Centennial Bank, providing a range of banking services across various locations, including Arkansas and Florida.

Home BancShares, Inc. (HOMB) has declared a quarterly cash dividend of $0.14 per share, payable on December 8, 2021, to shareholders of record on November 17, 2021. This dividend remains consistent with the amounts paid during the first three quarters of 2021. The company, headquartered in Conway, Arkansas, operates through its subsidiary, Centennial Bank, offering various financial services across several states, including Arkansas, Florida, and New York City.