Key Developments For Home BancShares, Inc.
Home BancShares, Inc. (HOMB.O) (Nasdaq)
Home BancShares, Inc. Declares Cash Dividend
Home BancShares, Inc.'s Board of Directors declared a regular $0.06 per share quarterly cash dividend payable December 3, 2009, to shareholders of record November 12, 2009. This cash dividend is equal to the cash dividend paid during the first three quarters of 2009 as well as the third quarter of 2008.
Home BancShares, Inc. Announces Exercise Of Over-Allotment Option
Home BancShares, Inc. announced the closing of the underwriters' exercise of their over-allotment option to purchase an additional 742,500 shares of the Company's common stock at a purchase price of $19.85 per share, less underwriting discounts and commissions. The over-allotment option was granted in connection with the Company's previously announced public offering of 4,950,000 shares of its common stock at $19.85 per share. The Company expects net proceeds from the offering, including the exercise of the over-allotment option, after deducting underwriting discounts and commissions and estimated offering expenses, to be approximately $107.4 million. Stephens Inc. and RBC Capital Markets Corporation served as joint bookrunners, and Stifel, Nicolaus & Company, Incorporated and Howe Barnes Hoefer & Arnett Inc. served as co-managers.
Home BancShares, Inc. Announces Closing of $98.3 Million Common Stock Offering
Home BancShares, Inc. announced that it raised approximately $98.3 million through its underwritten public offering by issuing 4,950,000 shares of common stock. The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses were approximately $93.4 million. The Company has granted the underwriters a 30-day option to purchase up to an additional 742,500 shares of the Company's common stock to cover over-allotments, if any. Stephens Inc. and RBC Capital Markets Corporation served as joint bookrunners, and Stifel, Nicolaus & Company, Incorporated and Howe Barnes Hoefer & Arnett Inc. served as co-managers.
Home BancShares, Inc. Announces Pricing Of Public Offering Of Common Stock
Home BancShares, Inc. announced that pricing of an underwritten public offering of 4,950,000 shares of its common stock at a price to the public of $19.85 per share for gross proceeds of approximately $98.3 million. The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $93.4 million. The Company has granted the underwriters a 30-day option to purchase up to an additional 742,500 shares of the Company's common stock to cover over-allotments, if any. Stephens Inc. and RBC Capital Markets Corporation served as joint bookrunners, and Stifel, Nicolaus & Company, Incorporated and Howe Barnes Hoefer & Arnett Inc. served as co-managers.
Home BancShares, Inc. Announces Proposed Public Offering Of Common Stock
Home BancShares, Inc. announced that it has commenced an underwritten public offering of approximately $90 million of its common stock. The underwriters will have a 30-day option to purchase up to an additional 15% of the offered amount of common stock from the Company to cover over-allotments, if any. Stephens Inc. and RBC Capital Markets Corporation will serve as joint bookrunners. The Company intends to use the net proceeds from this offering to fund internal growth and selective acquisitions that meet our disciplined criteria, including possible FDIC-assisted acquisitions, and for general corporate purposes. Depending on further evaluation, the Company may determine to apply proceeds to the repurchase of all or a portion of the Series A preferred shares and warrant we issued to the U.S. Treasury Department in January 2009, under the TARP Capital Purchase Program.
