Home BancShares, Inc. Increases Share Repurchase Program and Announces First Quarter Cash Dividend

Core Viewpoint - Home BancShares, Inc. has authorized an increase in its stock repurchase program and declared a quarterly cash dividend, reflecting the company's commitment to returning value to shareholders [1][2][3]. Stock Repurchase Program - The Board of Directors has increased the shares available for repurchase to 20,000,000, with approximately 13,244,493 shares remaining available as of January 17, 2025, resulting in an increase of 6,755,507 shares [2]. - The stock repurchase program was originally approved in January 2008 and most recently amended in January 2021 [2]. Dividend Declaration - A quarterly cash dividend of $0.195 per share has been declared, payable on March 5, 2025, to shareholders of record on February 12, 2025 [3]. - This dividend is consistent with the quarterly dividends paid during the third and fourth quarters of 2024 [3]. Company Overview - Home BancShares, Inc. is a bank holding company headquartered in Conway, Arkansas, with its wholly-owned subsidiary, Centennial Bank, providing a range of commercial and retail banking services [5]. - Centennial Bank operates branches in Arkansas, Florida, Texas, South Alabama, and New York City [5]. - The company's common stock is traded on the New York Stock Exchange under the symbol "HOMB" [5].