Globenewswire·2025-12-08 13:30Core Points - Home BancShares, Inc. has entered into a definitive merger agreement to acquire Mountain Commerce Bancorp, Inc. in an all-stock transaction, with Home BancShares as the surviving entity [1][3] - The merger will provide Home BancShares access to high-growth markets in Tennessee, including Knoxville, Nashville, and Johnson City, enhancing its expansion strategy [2][4] - Mountain Commerce shareholders will receive 0.850 shares of Home BancShares stock for each share they own, with an implied transaction value of approximately $150.1 million based on a share price of $27.66 [3][4] Financial Impact - The merger is expected to be immediately triple accretive, increasing earnings per share by 1.4% in 2026 and 3.0% in 2027, along with increases in book value per share and tangible book value per share [4][6] - Post-merger, the pro forma bank will have approximately $25.0 billion in assets, $17.0 billion in loans, and $19.2 billion in deposits, positioning it among the 75 largest banks in the U.S. [4][7] Strategic Rationale - The merger aligns with Home BancShares's M&A strategy and aims to leverage Mountain Commerce's strong market presence in Tennessee to pursue further growth opportunities [4][5] - Executives from both companies express optimism about the partnership, highlighting the potential for growth in Tennessee's vibrant markets [5][6] Timeline and Conditions - The transaction is expected to close in the first half of 2026, pending customary regulatory approvals and shareholder approval from Mountain Commerce [5][6]