Home Bancshares Stock Price, News & Analysis

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.

Home BancShares, Inc. (NASDAQ GS: HOMB) reported a net income of $79.1 million for Q2 2021, down from $91.6 million in Q1. Total revenue was $172.4 million, a decline from $193.4 million in the prior quarter. The bank's net interest margin decreased to 3.61% from 4.02%, and the allowance for credit losses on loans stood at 2.36%. Despite these declines, the net income for the first half of 2021 reached a record $170.7 million, or $1.03 earnings per share. Total deposits increased to $13.89 billion as of June 30, 2021.

Home BancShares, Inc. (HOMB) has appointed Audra Foster as the Director of Corporate Social Responsibility at its subsidiary, Centennial Bank. This initiative aims to enhance strategic ESG initiatives within the bank. Tracy French, CEO of Centennial Bank, emphasized the importance of a formalized program to keep ESG initiatives a priority. Foster, who has been with the bank for 20 years, looks forward to expanding existing programs and collaborating with stakeholders. The release includes forward-looking statements regarding business operations and potential risks, including economic conditions and regulatory changes.

Home BancShares, Inc. (NASDAQ-GS: HOMB) announced it will release its Second Quarter 2021 earnings on July 15, 2021, prior to the market opening. A conference call to discuss the earnings will be held at 1:00 p.m. CT (2:00 p.m. ET) on the same day. Investors and analysts are encouraged to pre-register for the call, which will also be available via a replay until July 22, 2021. The company operates Centennial Bank, providing a range of banking services across multiple states.

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.

Home BancShares, parent of Centennial Bank, announced record earnings for Q1 2021, with net income rising to $91.6 million, an increase of 11.99% from Q4 2020. Total revenue reached $193.4 million, reflecting strong operational performance. The company reported an efficiency ratio of 36.60% and a return on average assets (ROA) of 2.22%. Non-performing assets decreased to 0.38% of total assets, contributing to a solid financial position with a 14.30% Common Equity Tier 1 Capital ratio. Management highlighted effective customer service and strategic discipline as key drivers of success.

Home BancShares, Inc. (NASDAQ-GS: HOMB) announced it will release first-quarter earnings on April 15, 2021, before the market opens. Following the earnings release, management will host a conference call at 1:00 p.m. CT to discuss the results. Interested participants can pre-register for the call and receive access instructions. For those unable to pre-register, a dial-in option is available. The call will also be accessible live and recorded on the company's website. Forward-looking statements regarding future expectations are included, highlighting inherent risks and uncertainties.

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.