UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________
FORM 11-K
_________________________________
(Mark One)
☑ Annual
Report Pursuant to Section 15(d) of the Securities Exchange
Act of 1934
For the Fiscal Year Ended December 31, 2021
or
☐ Transition
Report Pursuant to Section 15(d) of the Securities Exchange
Act of 1934
For the transition period from
to
Commission file number: 000-41093
_________________________________
A. Full
title of the plan and the address of the plan, if different from
that of the issuer named below:
HOME BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP
PLAN
B. Name
of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
Home BancShares, Inc.
719 Harkrider, Suite 100
Conway, Arkansas 72032
Home BancShares, Inc. 401(k) and Employee Stock Ownership
Plan
Form 11-K
Index
Report of Independent Registered Public Accounting
Firm
The Benefits Sub Committee and Participants
Home BancShares, Inc. 401(k) and Employee Stock Ownership
Plan
Conway, Arkansas
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available
for benefits of the Home BancShares, Inc. 401(k) and Employee Stock
Ownership Plan (the Plan) as of December 31, 2021 and 2020, the
related statement of changes in net assets available for benefits
for the year ended December 31, 2021, and the related notes
(collectively, the financial statements). In our opinion, the
financial statements present fairly, in all material respects, the
net assets available for benefits of the Plan as of December 31,
2021 and 2020, and the changes in net assets available for benefits
for the year ended December 31, 2021, in conformity with accounting
principles generally accepted in the United States of
America.
Basis for Opinion
These financial statements are the responsibility of the Plan’s
management. Our responsibility is to express an opinion on the
Plan’s financial statements based on our audits. We are a public
accounting firm registered with the Public Company Accounting
Oversight Board (United States) (PCAOB) and are required to be
independent with respect to the Plan in accordance with the U.S.
federal securities laws and the applicable rules and regulations of
the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the
PCAOB. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial
statements are free of material misstatement, whether due to error
or fraud. The Plan is not required to have, nor were we engaged to
perform, an audit of its internal control over financial reporting.
As part of our audits we are required to obtain an understanding of
internal control over financial reporting but not for the purpose
of expressing an opinion on the effectiveness of the Plan’s
internal control over financial reporting. Accordingly, we express
no such opinion.
Our audits included performing procedures to assess the risk of
material misstatement of the financial statements, whether due to
error or fraud, and performing procedures that respond to those
risks. Such procedures included examining, on a test basis,
evidence regarding the amounts and disclosures in the financial
statements. Our audits also included evaluating the accounting
principles used and significant estimates made by the Plan’s
management, as well as evaluating the overall presentation of the
financial statements. We believe that our audits provided a
reasonable basis for our opinion.
Supplemental Information
The supplemental information in the accompanying supplemental
schedule of assets (held at end of year) as of December 31, 2021
has been subjected to audit procedures performed in conjunction
with the audit of the Plan’s financial statements. The supplemental
information is presented for the purpose of additional analysis and
is not a required part of the financial statements but included
supplemental information required by the Department of Labor’s
Rules and Regulations for Reporting and Disclosure under the
Employee Retirement Income Security Act of 1974. The supplemental
information is the responsibility of the Plan’s management. Our
audit procedures included determining whether the supplemental
information reconciles to the financial statements or the
underlying accounting and other records, as applicable, and
performing procedures to test the completeness and accuracy of the
information presented in the supplemental information. In forming
our opinion on the supplemental information, we evaluated whether
the supplemental information, including its form and content, is
presented in conformity with the Department of Labor’s Rules and
Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974. In our opinion, the
supplemental information is fairly stated, in all material
respects, in relation to the financial statements as a
whole.
/s/ Hancock Askew & Co., LLP
We have served as the Plan’s auditor since 2020.
Savannah, Georgia
June 24, 2022
Home BancShares, Inc. 401(k) and Employee Stock Ownership
Plan
Statements of Net Assets Available for Benefits
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December 31, |
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2021 |
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2020 |
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Assets |
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Investments, at fair value: |
|
|
|
|
|
Money market fund |
|
$ |
2,529,467 |
|
|
$ |
2,144,550 |
|
|
Mutual funds |
|
71,538,028 |
|
|
56,586,420 |
|
|
Home BancShares, Inc. common stock |
|
25,836,582 |
|
|
20,876,929 |
|
|
Total investments, at fair value |
|
99,904,077 |
|
|
79,607,899 |
|
|
Receivables: |
|
|
|
|
|
Notes receivable from participants |
|
1,362,835 |
|
|
1,442,855 |
|
|
Employer contribution receivable |
|
— |
|
|
78,034 |
|
|
Employee contribution receivable |
|
— |
|
|
218,934 |
|
|
Total receivables |
|
1,362,835 |
|
|
1,739,823 |
|
|
Liabilities: |
|
|
|
|
|
Excess contribution payable |
|
256,319 |
|
|
205,444 |
|
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Net assets available for benefits |
|
$ |
101,010,593 |
|
|
$ |
81,142,278 |
|
See accompanying notes to the Financial Statements.
Home BancShares, Inc. 401(k) and Employee Stock Ownership
Plan
Statement of Changes in Net Assets Available for
Benefits
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Year Ended December 31, 2021 |
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Additions to net assets attributed to: |
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Net appreciation in fair value of investments |
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$ |
11,260,559 |
|
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Interest and dividends |
|
3,715,023 |
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Total investment income |
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14,975,582 |
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Interest income on notes receivable from participants |
|
83,998 |
|
|
Contributions: |
|
|
|
Employer |
|
2,546,040 |
|
|
Participant |
|
7,663,841 |
|
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Rollover |
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2,198,753 |
|
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Total contributions |
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12,408,634 |
|
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Total additions |
|
27,468,214 |
|
|
Deductions from net assets attributed to: |
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|
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Benefit payments to participants |
|
7,496,763 |
|
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Administrative expenses and fees |
|
103,136 |
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Total deductions |
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7,599,899 |
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Net increase |
|
19,868,315 |
|
|
|
|
|
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Net assets available for benefits – beginning of year |
|
81,142,278 |
|
|
Net assets available for benefits – end of year |
|
$ |
101,010,593 |
|
See accompanying notes to the Financial Statements.
Home BancShares, Inc. 401(k) and Employee Stock Ownership
Plan
Notes to Financial Statements
December 31, 2021
1. Description
of the Plan
The following description of the Home BancShares, Inc. 401(k) and
Employee Stock Ownership Plan (the “Plan”) provides only general
information. Participants should refer to the Plan agreement for a
more complete description of the Plan’s provisions.
General
The Plan is a defined contribution employee stock ownership plan
which covers substantially all employees of Home BancShares, Inc.
(the “Company”, “Plan Sponsor”, or “Employer”) and its subsidiary,
who have attained age 21. The Plan is subject to the provisions of
the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”).
Contributions
Each year participants may contribute a portion of their annual
compensation, as defined by the Plan and subject to Internal
Revenue Service (the “IRS”) limitations. Participants may also
contribute amounts representing distributions from other qualified
defined benefit or contribution plans (“rollovers”). Participants
are eligible to receive discretionary matching contributions upon
meeting eligibility requirements to participate in the Plan. During
the year ended December 31, 2021, participants received a
match of 50% of the first 6% of their deferrals, in the amount of
$2,546,040.
The Employer may also make a discretionary contribution on a pro
rata basis for all eligible participants. The Employer did not make
a discretionary contribution for 2021. Participants are eligible to
share in the allocation of employer contributions, if during the
year the participant has been credited with at least 1,000 hours of
service and is employed on the last day of the year, (unless
termination of employment was a result of retirement, disability,
or death).
Participants direct their contributions and employer contributions
into various investment options offered by the Plan. One of the
investment options is the Employer’s common stock.
Participant Accounts
Each participant’s account is credited with the participant’s
contributions and allocations of (a) the Employer’s
contribution and (b) Plan earnings and losses, and charged
with any benefit payments and administrative expenses, for which
they are directly responsible. Plan earnings and losses are
allocated based on participant account balances, as defined by the
Plan. A participant is entitled to the benefit that can be provided
from the individual participant’s vested account.
Payment of Benefits
Upon retirement, disability, death, or termination of employment,
the total vested value of a participant’s account that exceeds
$5,000 is distributed to the participant or his or her beneficiary,
as applicable, in a lump sum of cash unless the participant or the
beneficiary elects certain other forms of distribution available
under the Plan. If the vested value of a participant’s account is
less than $1,000, the total vested balance is distributed as an
automatic lump sum payment in cash. For participant accounts
greater than $1,000 but not more than $5,000, the vested value of
the participant’s account may be rolled into an individual
retirement account on behalf of the participant or distributed to
the participant or his or her beneficiary, as applicable, in cash.
Additionally, a participant may request certain in-service
withdrawals, including hardship withdrawals, of all or a portion of
his or her vested account balance at any time, subject to certain
restrictions and limitations, as defined by the Plan
document.
Notes Receivable from Participants
Participants may borrow, from their fund accounts, a minimum of
$1,000, up to a maximum equal to the lesser of $50,000 or 50% of
their vested account balance. A participant may have no more than
two loans outstanding at a time. The notes receivable from
participants are secured by the balance in the participant’s
account and bear a reasonable rate of interest as defined by the
Plan. Interest rates on all outstanding loans range from 5.25% to
7.50%. Principal and interest payments occur ratably through
regular payroll deductions over a period not to exceed five years,
unless the notes receivable were used to purchase a primary
residence in which case the note receivable terms may exceed five
years.
Vesting
Participants are always fully vested in their contributions plus
actual earnings thereon. Employer contributions become fully vested
after a participant has completed his or her fifth year of service
based on a graduated vesting schedule as follows:
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Employer
Contributions |
|
Years of Service |
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Vested Percentage |
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Less than 1 |
|
0 |
% |
|
2 |
|
25 |
% |
|
3 |
|
50 |
% |
|
4 |
|
75 |
% |
|
5 |
|
100 |
% |
Administrative Expenses
Processing fees of the Plan are charged against the individual
participant account balance that was responsible for the expense.
Administrative expenses are paid by the Plan or may be paid by the
Employer at the Employer’s discretion. Administrative expenses paid
by the Plan may be allocated to participants on a Pro Rata or Per
Capita basis, at the Plan Administrator’s discretion.
Forfeitures
Forfeitures of matching contributions are available to be
reallocated as an offset to future discretionary matching
contributions or to pay plan administration expenses. Forfeitures
of profit-sharing contributions are available to be reallocated as
additional profit-sharing contributions. Unallocated forfeitures at
December 31, 2021 and 2020 were $0 and $577, respectively.
During 2021, forfeitures of approximately $180,000 were used to
offset employer contributions and were reallocated back to
participants.
Plan Termination
Although it has not expressed any intent to do so, the Plan Sponsor
has the right under the Plan to discontinue its contributions at
any time and to terminate the Plan subject to the provisions
of ERISA. In the event of termination of the Plan, all participants
would become fully vested in the Employer’s matching portion of
their account. Employee contributions and their related earnings
are always 100% vested.
2. Summary
of Significant Accounting Policies
Basis of Accounting
The accompanying financial statements were prepared on the accrual
basis of accounting in accordance with principles generally
accepted in the United States of America (“GAAP”).
Payment of Benefits
Benefit payments are recorded when paid.
Valuation of Investments and Income Recognition
Investments are stated at fair value. Fair value is the price that
would be received to sell an asset or paid to transfer a liability
in an orderly transaction between market participants at the
measurement date.
Purchases and sales of securities are recorded on a trade-date
basis. Dividend income is recorded on the ex-dividend date.
Interest income is recorded on the accrual basis. Net
appreciation/depreciation includes the Plan’s gains and losses on
investments bought and sold as well as held during the
year.
Notes Receivable
Notes receivable from participants are measured at their unpaid
principal balance plus any accrued but unpaid interest. Interest
income is recorded on the accrual basis. Related fees are recorded
as administrative expenses and are expensed when they are incurred.
No allowance for credit losses has been recorded as of
December 31, 2021. If a participant ceases to make loan
repayments and the plan administrator deems the participant loan to
be in default, the participant loan balance is reduced, and a
benefit payment is recorded.
Excess Contribution Payable
Amounts payable to participants for contributions in excess of
amounts allowed by the IRS are recorded as a liability with a
corresponding increase in distributions. The Plan distributed
the 2021 excess contributions to the applicable participants prior
to March 15th
of the subsequent year.
Use of Estimates
In preparing financial statements in conformity with accounting
principles generally accepted in the United States of America,
management of the Plan is required to make estimates and
assumptions that affect the amounts reported in the financial
statements and accompanying notes. Actual results could differ from
those estimates.
3. Fair
Value Measurements
FASB ASC 820,
Fair Value Measurement,
defines fair value as the price that would be received to sell an
asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. FASB ASC 820
also establishes a fair value hierarchy which requires an entity to
maximize the use of observable inputs and minimize the use of
unobservable inputs when measuring fair value. The standard
describes three levels of inputs that may be used to measure fair
value:
Level
1 Quoted
prices in active markets for identical assets or
liabilities
Level
2 Observable
inputs other than Level 1 prices, such as quoted prices for
similar assets or liabilities; quoted prices in markets that are
not active; or other inputs that are observable or can be
corroborated by observable market data for substantially the full
term of the assets or liabilities
Level
3 Unobservable
inputs that are supported by little or no market activity and that
are significant to the fair value of the assets or
liabilities
A financial instrument’s level within the fair value hierarchy is
based on the lowest level of any input that is significant to the
fair value measurement.
The following describes the valuation methodologies used for assets
measured at fair value:
•Mutual
Funds and Money Market Fund
: Valued at the daily closing price as reported by the fund. Mutual
funds and money market fund held by the Plan are open-end mutual
funds that are registered with the Securities and Exchange
Commission. These funds are required to publish their daily net
asset value (NAV) and to transact at that price. The mutual funds
and money market fund held by the Plan are deemed to be actively
traded.
•Home
BancShares, Inc. common stock:
Valued at the closing price reported on the New York Stock Exchange
(NYSE).
The methods described above may produce a fair value calculation
that may not be indicative of net realizable value or reflective of
future fair values. Furthermore, while the Plan believes its
valuation methods are appropriate and consistent with other market
participants, the use of different methodologies or assumptions to
determine the fair value of certain financial instruments could
result in a different fair value measurement at the reporting
date.
The following tables set forth by level, within the fair value
hierarchy, the Plan’s assets at fair value as of December 31,
2021 and 2020, respectively:
Investment Assets at Fair Value
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December 31, 2021 |
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Level 1 |
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Level 2 |
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Level 3 |
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Total Assets |
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Mutual funds |
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$ |
71,538,028 |
|
|
— |
|
— |
|
$ |
71,538,028 |
|
|
Money market fund |
|
2,529,467 |
|
|
— |
|
— |
|
2,529,467 |
|
|
Home BancShares, Inc. common stock |
|
25,836,582 |
|
— |
|
|
— |
|
25,836,582 |
|
|
Total investments at fair value |
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$ |
99,904,077 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
99,904,077 |
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December 31, 2020 |
|
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Level 1 |
|
Level 2 |
|
Level 3 |
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Total Assets |
|
Mutual funds |
|
$ |
56,586,420 |
|
|
— |
|
— |
|
$ |
56,586,420 |
|
|
Money market fund |
|
2,144,550 |
|
|
— |
|
— |
|
2,144,550 |
|
|
Home BancShares, Inc. common stock |
|
20,876,929 |
|
— |
|
|
— |
|
20,876,929 |
|
|
Total investments at fair value |
|
$ |
79,607,899 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
79,607,899 |
|
4. Income Tax Status
The individualized plan, adopted by the Employer, obtained its
latest favorable determination letter on January 14, 2020, in which
the IRS has stated that the Plan, as designed, was in compliance
with the applicable requirements of the Internal Revenue Code
(IRC). The Plan has been amended since the applicable date of the
favorable determination letter. Nevertheless, the Plan
administrator believes that the Plan is currently designed and
being operated in compliance with the applicable requirements of
the IRC.
GAAP requires plan management to evaluate tax positions taken by
the Plan and recognize a tax liability (or asset) if the Plan has
taken an uncertain position that more likely than not would not be
sustained upon examination by the IRS. The Plan administrator
has analyzed the tax positions taken by the Plan and has concluded
that as of December 31, 2021, there are no uncertain tax
positions taken or expected to be taken that would require
recognition of a liability (or asset) or disclosure in the
financial statements. The Plan is subject to routine audits by
tax jurisdictions; however, there are currently no audits for any
tax periods in progress.
5. Risks
and Uncertainties
The Plan primarily invests in various investment securities which
are exposed to various risks, such as market and credit risk. Due
to the level of risk associated with such investment securities and
the level of uncertainty related to changes in the value of such
investments, it is at least reasonably possible that changes in
risk in the near term could materially affect the participants’
account balances and the amount reported in the statements of net
assets available for benefits.
6. Related-Party
and Party-in-Interest Transactions
Centennial Bank’s Trust Department, the trustee of the Plan, is an
affiliate of the Plan Sponsor. All transactions in
Home BancShares, Inc. common stock qualify as
party-in-interest transactions because the Company is the plan
sponsor. Notes receivable from participants are also defined by
ERISA as party-in-interest transactions.
7. Reconciliation
of Financial Statements to Schedule H of Form 5500
The following is a reconciliation of net assets available for
benefits per the financial statements to the Form
5500:
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December 31, |
|
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2021 |
|
2020 |
|
Net assets available for benefits per financial
statements |
|
$ |
101,010,593 |
|
|
$ |
81,142,278 |
|
|
Excess contribution payable |
|
256,319 |
|
|
205,444 |
|
|
Employer contribution receivable |
|
— |
|
|
(78,034) |
|
|
Employee contribution receivable |
|
— |
|
|
(218,934) |
|
|
Net assets available for benefits per the Form 5500 |
|
$ |
101,266,912 |
|
|
$ |
81,050,754 |
|
The following is a reconciliation of net increase per the financial
statements for the year ended December 31, 2021 to Form
5500:
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|
|
|
|
|
|
December 31, 2021 |
|
Net increase per financial statements |
|
$ |
19,868,315 |
|
|
Excess contribution payable at December 31, 2021 |
|
256,319 |
|
Excess contribution payable at December 31, 2020 |
|
(205,444) |
|
Employer contribution receivable at December 31, 2020 |
|
78,034 |
|
Employee contribution receivable at December 31, 2020 |
|
218,934 |
|
Net increase per Form 5500 |
|
$ |
20,216,158 |
|
8. Concentrations
The Plan invests in various investment securities. Home BancShares,
Inc. common stock represented approximately 26% of the total
investments at both December 31, 2021 and 2020,
respectively.
9. Subsequent
Events
The Plan’s management has evaluated subsequent events through June
24, 2022, the date the financial statements were issued. Effective
April 1, 2022, pursuant to an Agreement and Plan of Merger, dated
as of September 15, 2021, as amended on October 18, 2021 and
further amended on November 8, 2021 (the “Merger Agreement”) among
the Company, Centennial, the Company’s acquisition subsidiary, HOMB
Acquisition Sub III, Inc. (“Acquisition Sub”), Happy Bancshares,
Inc. (“Happy”), and its wholly-owned bank subsidiary, Happy State
Bank (“HSB”), Acquisition Sub merged with and into Happy and Happy
merged with and into the Company, with the Company as the surviving
entity (collectively, the “Merger”). HSB also merged with and into
Centennial, with Centennial as the surviving entity. Under the
terms of the Merger Agreement, the Company issued approximately
42.4 million shares of its common stock. Under the terms and
subject to the conditions set forth in the Merger Agreement, at the
effective time of the Merger (the “Effective Time”), each
outstanding share of common stock of Happy was converted into the
right to receive, without interest, 2.17 shares of Company common
stock (the “Merger Consideration”). The acquisition did not have an
impact on the Plan for the year ended December 31, 2021. The Happy
Bancshares, Inc. Employee Stock Ownership Plan with 401(k)
Provision was terminated on March 31, 2022 as part of the
acquisition. The participants in the Happy Bancshares, Inc.
Employee Stock Ownership Plan with 401(k) Provision (the “Happy
Plan”) are entitled to a distribution from the Happy Plan due to
its termination. Many of the participants in the Happy Plan are now
participating in the Plan, and it is anticipated that such
participants will rollover their Happy Plan accounts into the Plan
during 2022.
Home BancShares, Inc. 401(k) and Employee Stock Ownership
Plan
EIN: 71-0682831 – Plan #: 002
Form 5500, Schedule H, Line 4i – Schedule of Assets (Held at End of
Year)
December 31, 2021
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Identity of issue, borrower,
lessor or similar party |
|
Description of investment including maturity date,
rate of interest collateral, par or maturity value |
|
Cost |
|
Current Value |
|
|
Money market fund |
|
|
|
|
|
|
|
|
Vanguard |
|
Vanguard Federal Money Market |
|
** |
|
2,529,467 |
|
|
Mutual funds |
|
|
|
|
|
|
|
|
Baird |
|
Baird Core Plus Bond |
|
** |
|
1,207,176 |
|
|
BlackRock |
|
BlackRock 20/80 Target Allocation |
|
** |
|
659,707 |
|
|
BlackRock |
|
BlackRock 40/60 Target Allocation |
|
** |
|
5,594,385 |
|
|
BlackRock |
|
BlackRock 60/40 Target Allocation |
|
** |
|
2,256,644 |
|
|
BlackRock |
|
BlackRock 80/20 Target Allocation |
|
** |
|
1,455,175 |
|
|
Dodge & Cox |
|
Dodge & Cox International Fund |
|
** |
|
207,509 |
|
|
Fidelity |
|
Fidelity Limited Term Government |
|
** |
|
1,654,456 |
|
|
Janus |
|
Janus Small Cap Value |
|
** |
|
541,204 |
|
|
JP Morgan |
|
JP Morgan Emerging Markets |
|
** |
|
791,709 |
|
|
MFS |
|
MFS Growth Fund |
|
** |
|
3,198,797 |
|
|
MFS |
|
MFS Value Fund |
|
** |
|
2,301,385 |
|
|
PIMCO |
|
PIMCO All Asset Institutional |
|
** |
|
391,192 |
|
|
T. Rowe Price |
|
T. Rowe Price Retirement 2010 |
|
** |
|
524,566 |
|
|
T. Rowe Price |
|
T. Rowe Price Retirement 2015 |
|
** |
|
1,413,794 |
|
|
T. Rowe Price |
|
T. Rowe Price Retirement 2020 |
|
** |
|
2,472,573 |
|
|
T. Rowe Price |
|
T. Rowe Price Retirement 2025 |
|
** |
|
4,861,890 |
|
|
T. Rowe Price |
|
T. Rowe Price Retirement 2030 |
|
** |
|
3,883,475 |
|
|
T. Rowe Price |
|
T. Rowe Price Retirement 2035 |
|
** |
|
4,843,577 |
|
|
T. Rowe Price |
|
T. Rowe Price Retirement 2040 |
|
** |
|
2,578,476 |
|
|
T. Rowe Price |
|
T. Rowe Price Retirement 2045 |
|
** |
|
4,267,807 |
|
|
T. Rowe Price |
|
T. Rowe Price Retirement 2050 |
|
** |
|
2,321,106 |
|
|
T. Rowe Price |
|
T. Rowe Price Retirement 2055 |
|
** |
|
2,996,468 |
|
|
T. Rowe Price |
|
T. Rowe Price Retirement 2060 |
|
** |
|
872,457 |
|
|
T. Rowe Price |
|
T. Rowe Price Small Cap |
|
** |
|
2,049,147 |
|
|
Vanguard |
|
Vanguard S&P 500 Index Fund |
|
** |
|
5,459,351 |
|
|
Vanguard |
|
Vanguard Dividend Growth |
|
** |
|
3,260,404 |
|
|
Vanguard |
|
Vanguard Inflation Protected |
|
** |
|
465,578 |
|
|
Vanguard |
|
Vanguard International Growth |
|
** |
|
847,540 |
|
|
Vanguard |
|
Vanguard Mid Cap Index Fund |
|
** |
|
2,715,822 |
|
|
Vanguard |
|
Vanguard Small Cap Index Fund |
|
** |
|
1,146,825 |
|
|
Vanguard |
|
Vanguard Strategic Equity Inv. |
|
** |
|
2,879,606 |
|
|
Vanguard |
|
Vanguard Total Bond Market |
|
** |
|
670,782 |
|
|
Vanguard |
|
Vanguard Total International Stock Fund |
|
** |
|
747,445 |
|
|
Total mutual funds |
|
|
|
|
|
71,538,028 |
|
|
Employer stock |
|
|
|
|
|
|
|
* |
Home BancShares, Inc. |
|
Home BancShares, Inc. common stock |
|
** |
|
25,836,582 |
|
|
Participant loan fund |
|
|
|
|
|
|
|
* |
Participant loan fund |
|
Interest rates 5.25 – 7.50%; maturity dates through 2049 |
|
|
|
1,362,835 |
|
|
Total assets |
|
|
|
|
|
$ |
101,266,912 |
|
* Indicates
party-in-interest to the Plan
** Cost
is not applicable for participant-directed investments
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the trustee (or other person who administers the employee
benefit plan) has duly caused this annual report to be signed by
the undersigned hereunto duly authorized.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home BancShares, Inc. 401(k) and Employee Stock Ownership
Plan
|
|
|
|
|
|
By:
|
|
/s/ Brian S. Davis
|
|
Date: June 24, 2022
|
|
|
|
Brian S. Davis
|
|
|
|
|
Chief Financial Officer and Treasurer of Home BancShares,
Inc. |
Home BancShares (NYSE:HOMB)
Historical Stock Chart
From May 2023 to Jun 2023
Home BancShares (NYSE:HOMB)
Historical Stock Chart
From Jun 2022 to Jun 2023
