Home BancShares, Inc. - HOMB STOCK NEWS

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.

Home BancShares, Inc. (NASDAQ GS: HOMB) reported a net income of $75.0 million for Q3 2021, reflecting a decline from $79.1 million in Q2 2021. Total revenue increased slightly to $173.8 million. The company maintained an ROA of 1.68% and ROE of 10.97%. Non-performing assets to total assets decreased to 0.29%. Additionally, loans recorded an increase of $55 million ex-PPP. The acquisition of Happy Bancshares is set to close in Q1 2022, pending approvals.

Home BancShares, Inc. (NASDAQ-GS: HOMB) announced plans to release its Third Quarter 2021 earnings on October 21, 2021, before market opening. They will conduct a conference call to discuss these earnings at 1:00 p.m. CT (2:00 p.m. ET) on the same day. Participants are encouraged to pre-register for the call to receive dial-in instructions and a unique PIN. The company provides a range of banking services through its subsidiary, Centennial Bank, which operates branches across several states. Investors are reminded of potential risks affecting future results.

Centennial Bank has partnered with FINBOA to implement a Reg E Dispute Tracking solution, enhancing efficiency and compliance for the bank's operations. The move is motivated by the increasing challenges from electronic payment fraud and the need to streamline dispute processing across its 800-strong workforce. FINBOA's system promises to reduce paper waste and expedite compliance checks through automation, satisfying the bank's customized needs and improving customer experience. This partnership aims to strengthen operational effectiveness and security.

Home BancShares (NASDAQ: HOMB) will acquire Happy Bancshares in an all-stock merger valued at approximately $919 million. Happy Bancshares shareholders will receive 2.17 shares of Home BancShares for each share owned, translating to a per-share consideration of $47.24. This merger allows Home BancShares to access the high growth Texas market, enhancing its capabilities and positioning as a major Southern institution. Expected synergies will lead to a 5.5% increase in earnings per share in 2022 and 9.2% in 2023. The transaction is expected to close in Q1 2022, subject to regulatory approvals.

Home BancShares, Inc. (HOMB) announced a quarterly cash dividend of $0.14 per share, payable on September 1, 2021. Shareholders of record by August 11, 2021 will receive this dividend, which remains consistent with the prior quarters of 2021. As a bank holding company, it operates through Centennial Bank, providing a wide range of financial services across several states, including Arkansas and Florida.