Home BancShares, Inc. Increases Share Repurchase Program
January 22 2019 - 8:15AM
Home BancShares, Inc. (Nasdaq: HOMB) (“Home” or “the Company”),
parent company of Centennial Bank (“Centennial”), announced today
that the Board of Directors on January 18, 2019 authorized an
increase of 5,000,000 in the number of shares of the Company’s
stock available under its common stock repurchase program which was
approved by the Board in January 2008 and most recently amended in
February 2018. As of December 31, 2018, a total of approximately
4,900,000 shares remained available for repurchase under the
existing repurchase authorization which will increase to
approximately 9,900,000 shares available for repurchase with this
authorization.
“The Board approval of additional shares
positions us to be opportunistic,” said John Allison, Home
BancShares, Inc. Chairman. “This allows us to have lots of
powder.”
Home BancShares, Inc. is a bank holding company,
headquartered in Conway, Arkansas. Our 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
could cause actual results to differ materially from those
contemplated by the forward-looking statements. These factors
include, but are not limited to, the following: economic
conditions, credit quality, interest rates, loan demand, the
ability to successfully integrate new acquisitions, increased
regulatory requirements as a result of our exceeding $10 billion in
total assets, legislative and regulatory changes, technological
changes and cybersecurity risks, competition from other financial
institutions, changes in the assumptions used in making the
forward-looking statements, and other factors described in reports
we file with the Securities and Exchange Commission (the “SEC”),
including those factors set forth in our Annual Report on Form 10-K
for the year ended December 31, 2017 filed with the SEC on February
27, 2018.
FOR MORE INFORMATION CONTACT:Donna Townsell
Investor Relations
Officer
(501) 328-4625
Home BancShares (NASDAQ:HOMB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Home BancShares (NASDAQ:HOMB)
Historical Stock Chart
From Jul 2023 to Jul 2024