Home Bancshares Stock Price, News & Analysis

Home BancShares, Inc. (HOMB) has successfully completed its acquisition of Happy Bancshares, Inc. for approximately $961.9 million, effective April 1, 2022. Happy, as of December 31, 2021, held $6.81 billion in total assets and $5.81 billion in deposits. This merger enhances Home’s branch network to 222 branches across several states, including a significant entry into Texas. The company aims to leverage synergies and expand its market presence, with the deal expected to be immediately accretive.

Home BancShares, Inc. (NYSE: HOMB) will release its First Quarter 2022 earnings on April 21, 2022, before market opening. A conference call to discuss these earnings will occur at 1:00 p.m. CT on the same day. Participants can pre-register for the call via a provided link for both webcast and live call options. Those without internet access can listen by calling 1-844-200-6205. The earnings call will also be available for replay until April 28, 2022. Home BancShares operates through its subsidiary, Centennial Bank, offering various banking services across multiple states.

Home BancShares, Inc. (NYSE: HOMB) will engage in a panel discussion titled ‘Banking Unplugged’ at the 2022 RBC Capital Markets Global Financial Institutions Virtual Conference on March 8, 2022, at 3:00 p.m. CT. The event will be broadcast live and can be accessed through the Company’s website under Investor Relations. A recorded version of the discussion will be available within 12 hours of the event and accessible for one year. Home BancShares, based in Conway, Arkansas, provides a wide range of banking services across several states.

Home BancShares, Inc. (NYSE: HOMB) has received final approval from the Federal Reserve Board for its merger with Happy Bancshares, Inc.. This decision follows prior approval from the Arkansas State Banking Board and the shareholders of both companies, with the merger set to close in early April 2022. Happy Bancshares shareholders will receive 2.17 shares of Home BancShares stock for each share held. The merger aims to enhance operational capabilities and expand market presence, as stated by Chairman and CEO John Allison.

Home BancShares, Inc. (NYSE: HOMB) has been ranked #1 on Forbes 2022 “Best Banks in America” list, marking its third win in five years. The ranking highlights the company's performance across nine financial metrics, with top marks in five areas including risk-based capital ratio and return on average assets. Home BancShares is recognized for its strong growth, credit quality, and profitability, based on data from regulatory filings ending September 30, 2021. This accolade underscores the commitment of its team to serving customers and shareholders effectively.

Home BancShares, Inc. (NYSE: HOMB) has finalized the acquisition of a marine loan portfolio valued at approximately $238 million from LendingClub Bank. This portfolio will enhance Centennial Bank's Shore Premier Finance division, which now has total loans receivable of about $1.13 billion. CEO John Allison highlights the strategic importance of this acquisition for scaling business and improving financial performance. The company anticipates that the new loans will align well with existing asset performance and mitigate pandemic-related production volatility.

Home BancShares, Inc. (HOMB) has announced a quarterly cash dividend of $0.165 per share, payable on March 9, 2022, to shareholders of record by February 16, 2022. This marks a 17.9% increase from the previous dividend of $0.14 paid over the last five quarters. The company expresses confidence in its capital strength amid pandemic challenges, with Chairman John Allison stating the increase reflects shareholders' deserving recognition.

Home BancShares (NYSE: HOMB) reported a net income of $73.4 million for Q4 2021, slightly down from $75.0 million in Q3 2021. Total revenue also decreased to $171.0 million from $173.8 million. Despite this, the company achieved record net income and earnings per share of $319.0 million and $1.94 for the entire year, respectively. The net interest margin fell to 3.42%, influenced by decreased loan balances. The company's asset quality remained strong, with non-performing assets at 0.29%. Home BancShares anticipates closing its acquisition of Happy Bancshares in Q1 2022, pending regulatory approval.

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.