Home BancShares, Inc. - HOMB STOCK NEWS

Home BancShares, Inc. (NASDAQ: HOMB) will participate in the 'Banking Unplugged' panel at the RBC Capital Markets 2021 Financial Institutions Conference, scheduled for March 9-10, 2021. The discussion will take place at 3:00 p.m. CT on March 9 and will be available via live webcast on the company’s website. Home BancShares, headquartered in Conway, Arkansas, operates Centennial Bank, providing comprehensive banking services across several states. A recorded version of the panel will be accessible within 24 hours and available for one year.

Home BancShares, Inc. (NASDAQ: HOMB) announced its participation in a Fireside Chat during the Raymond James 42nd Annual Institutional Investors Conference scheduled for March 1-3, 2021. The presentation will take place on March 2, 2021, at 2:50 p.m. CT (3:50 p.m. ET). Investors can access the live broadcast on the company's website and will have access to a replay for 7 days afterward. Home BancShares is headquartered in Conway, Arkansas, with Centennial Bank as its wholly-owned subsidiary, offering a range of banking services across several states.

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.

Home BancShares, Inc. (NASDAQ: HOMB) appointed Larry W. Ross to its Board of Directors, filling the last open seat. Ross brings over 30 years of executive experience from AT&T/Southwestern Bell and has been a member of the Centennial Bank Little Rock Region Advisory Board since 2005. He emphasized the importance of community banking in enhancing quality of life and expressed his commitment to maintaining the bank's performance and customer service standards. This leadership change may positively impact governance and stakeholder relations.

Home BancShares, Inc. (HOMB) announced on January 22, 2021, an increase of 20,000,000 shares in its stock repurchase program, expanding the total available for repurchase to approximately 23,800,000 shares. The Board approved the original plan in 2008, with amendments in 2019. Chairman John Allison highlighted the substantial capital generated, stating the move prepares the company for future opportunities. The announcement aligns with the company’s strategic financial planning amidst evolving market conditions.

Home BancShares, Inc. (NASDAQ-GS: HOMB) announced that it will release its Fourth Quarter 2020 earnings on January 21, 2021, before market open. A conference call to discuss the earnings will follow at 1:00 p.m. CT. Participants are encouraged to pre-register for the call. The company operates Centennial Bank, providing various banking services across multiple states, including Arkansas and Florida. Forward-looking statements in the release highlight inherent risks, including economic conditions and the ongoing impacts of COVID-19.

Home BancShares, Inc. (NASDAQ: HOMB) has declared a quarterly cash dividend of $0.14 per share, payable on December 2, 2020, to shareholders of record by November 11, 2020. This marks a 7.7% increase from the previous dividend of $0.13 per share. Chairman John Allison emphasized the company's commitment to maintaining a strong capital position while rewarding shareholders amidst ongoing pandemic challenges.

Home BancShares, Inc. (NASDAQ GS: HOMB) reported third quarter 2020 net income of $69.3 million, a 10.3% increase from $62.8 million in Q2 2020. Total revenue reached a record $176.1 million, up 1.4% from $173.7 million in Q2 2020. Pre-tax net income also rose to $90.4 million, representing a 10.1% increase. Key metrics included a return on assets of 1.66% and an increase in pre-tax, pre-provision net revenue (PPNR) to $104.4 million. However, credit loss expenses increased to $14 million due to ongoing pandemic uncertainties, with non-performing loans rising to 0.63% of total loans.

Home BancShares, Inc. (NASDAQ: HOMB) will release its Third Quarter 2020 earnings on October 15, 2020, before market opening. A conference call to discuss these results is scheduled for the same day at 1:00 p.m. CT. Participants can pre-register for the call for easier access. The bank operates through its subsidiary, Centennial Bank, and provides a variety of banking services. Investors should be aware of potential risks related to economic conditions, credit quality, and operational disruptions due to the ongoing coronavirus pandemic.