Home BancShares, Inc. Announces Increase in Fourth Quarter Cash Dividend
October 21 2020 - 5:15PM
Home BancShares, Inc. (NASDAQ GS: HOMB), parent company of
Centennial Bank, today announced that its Board of Directors has
declared a regular $0.14 per share quarterly cash dividend payable
December 2, 2020, to shareholders of record November 11, 2020. This
cash dividend represents a $0.01 per share, or 7.7%, increase over
the $0.13 cash dividend paid during the fourth quarter of 2019 and
the third quarter of 2020.
“Our Board voted to increase our regular
quarterly dividend from 13 cents per share to 14 cents per share,”
said John Allison, Chairman. “We have and will continue to focus on
maintaining a strong capital position in order to protect as well
as to position the Company for future success. As the world gains
more clarity on the repercussions of the current pandemic, we feel
that it is prudent to reward our loyal shareholders while
continuing to protect our capital for future endeavors.” 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 may contain 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,
real estate values and unemployment; disruptions, uncertainties and
related effects on our business and operations as a result of the
ongoing coronavirus (COVID-19) pandemic and measures that have been
or may be implemented or imposed in response to the pandemic,
including the impact on, among other things, credit quality and
liquidity; the ability to identify, complete and successfully
integrate new acquisitions; legislative and regulatory changes and
risks and expenses associated with current and future legislation
and regulations, including those in response to the COVID-19
pandemic; technological changes and cybersecurity risks; the
effects of changes in accounting policies and practices, including
from the adoption of the current expected credit loss (CECL) model
on January 1, 2020; changes in governmental monetary and fiscal
policies; political instability; competition from other financial
institutions; potential claims, expenses and other adverse effects
related to current or future litigation, regulatory examinations or
other government actions; 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, 2019, filed with the SEC
on February 26, 2020, and our Quarterly Report on Form 10-Q for the
quarter ended June 30, 2020, filed with the SEC on August 5,
2020.
FOR MORE INFORMATION CONTACT:Donna
TownsellSenior Executive Vice President & Director of Investor
Relations(501) 328-4625
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