Home Bancshares (HOMB) Happy Bancshares Acquisition Investor Presentation

Transaction Overview - Home BancShares (HOMB) will acquire Happy Bancshares in a transaction valued at $919 million[14] - Each share of Happy Bancshares will be exchanged for 2.17 shares of HOMB[11] - Happy shareholders are expected to own approximately 21% of the combined company[18] - The transaction is anticipated to close in Q1 2022, pending shareholder and regulatory approvals[24, 26, 27] Financial Impact - The acquisition is projected to be accretive to EPS by 5.5% in 2022E and 9.2% in 2023E[28] - It is also expected to be accretive to book value per share (BVPS) and tangible book value per share (TBVPS)[6, 28] - Estimated cost savings of approximately $53 million are anticipated, phased in over time[45, 47] - A gross credit mark of 2.12% is applied to Happy's gross loans projected at closing, which is about $3.6 billion[52] Combined Company - The combined company will have approximately $24 billion in total assets and $19 billion in deposits[8] - Happy State Bank will operate as a division of Centennial Bank in Texas[23] - The merger will add over $3 billion in wealth and trust assets[6]