CONWAY, Ark., Oct. 30, 2007 (PRIME NEWSWIRE) -- Home BancShares, Inc. (Nasdaq:HOMB) Board of Directors declared a regular $0.045 per share quarterly cash dividend payable December 21, 2007, to shareholders of record November 30, 2007. This dividend represents a $0.005 per share, or 12.5%, increase over the previous quarter and $0.02 per share, or 80.0% increase over the dividend paid during the fourth quarter of the previous year.
Home BancShares, Inc. is a financial holding company, headquartered in Conway, Arkansas, with five wholly owned bank subsidiaries that provide a broad range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals and municipalities. Three of the bank subsidiaries are located in central Arkansas market area, a fourth serves Stone County in north central Arkansas, and a fifth serves the Florida Keys and southwestern Florida. As previously announced, the Corporation has entered into a definitive agreement to purchase Centennial Bancshares, Inc., Little Rock, Arkansas. This transaction is expected to close on January 1, 2008. Upon completion of this acquisition, the Corporation will own six wholly owned banks, four in the central Arkansas market. The Company's common stock is traded through the NASDAQ Global Select Market under the symbol "HOMB".
This release contains 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, including, but not limited to, economic conditions, credit quality, interest rates, loan demand and changes in the assumptions used in making the forward-looking statements, could cause actual results to differ materially from those contemplated by the forward-looking statements. Additional information on factors that might affect Home BancShares Inc.'s financial results are included in its Form 10-K, filed with the Securities and Exchange Commission.