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Home BancShares, Inc. Announces 22.2% Increase in Quarterly Cash Dividend

CONWAY, Ark., July 24, 2017 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NASDAQ:HOMB), parent company of Centennial Bank, today announced that its Board of Directors has declared a regular $0.11 per share quarterly cash dividend payable September 6, 2017, to shareholders of record August 16, 2017. This cash dividend represents a $0.02 per share, or 22.2%, increase over the $0.09 cash dividend paid during the second quarter of 2017.

“We are excited to announce the increase of the quarterly cash dividend, which rewards our shareholders for their investment in one of America’s top community banks. This dividend increase demonstrates the confidence of the Board of Directors and management team in the strength of the Company’s cash flow generation and ability to generate value for our shareholders,” said John Allison, Chairman. “The string of impressive quarterly results we have generated over the last 25 consecutive quarters, have paved the way to be able to make this dividend increase. Additionally, we look forward to closing the pending acquisition of Stonegate this year and expect the strong combined cash flows of Home and Stonegate to further strengthen our foundation for future returns for our shareholders.”

Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Its wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, South Alabama and New York City. The Company’s common stock is traded through the NASDAQ Global Select Market under the symbol “HOMB.”

This release contains forward-looking statements regarding the Company's plans, expectations, goals and outlook for the future. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risk and uncertainties. Various factors, including, but not limited to, economic conditions, credit quality, interest rates, loan demand, the ability to successfully integrate new acquisitions and changes in the assumptions used in making the forward-looking statements, could cause actual results to differ materially from those contemplated by the forward-looking statements. Additional information on factors that might affect Home BancShares, Inc.’s financial results is included in its Annual Report on Form 10-K for the year ended December 31, 2016 filed with the Securities and Exchange Commission (the “SEC”) on February 28, 2017.

FOR MORE INFORMATION CONTACT: Jennifer C. Floyd Chief Accounting Officer & Investor Relations Officer Home BancShares, Inc. (501) 339-2929

Source:Home BancShares, Inc.