Home Bancshares Stock Price, News & Analysis

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.

Home BancShares, parent company of Centennial Bank, will host a Fireside chat on September 15, 2020, at 1:00pm CT. The management team will discuss the Office segment. Participants can join via phone at 1-877-508-9586 or through the live webcast available on the company website. John Allison, Chairman, highlighted the chat's value during uncertain times, emphasizing transparency in communication with investors. The company warns that forward-looking statements involve risks, and actual results may differ due to various factors outlined in previous SEC filings.

Home BancShares, trading under the ticker HOMB, will host a second Fireside chat on July 30, 2020, at 1:00 PM CT to discuss their Retail and Commercial Real Estate segments. Participants can join by calling 1-877-508-9586 or via a live webcast at this link. John Allison, Chairman, emphasized the importance of connecting with the investment community during uncertain times. A presentation will be available on the company’s website prior to the call.