HOME BANCSHARES INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 5.
Our common stock is listed on the New York Stock Exchange under the symbol “HOMB.” As of February 7, 2025, there were approximately 1,506 stockholders of record of the Company’s common stock.
Our policy is to declare regular quarterly dividends based upon our earnings, financial position, capital improvements and such other factors deemed relevant by the Board of Directors. We currently expect to continue declaring and paying quarterly cash dividends comparable to our historical quarterly dividend payments. Our dividend policy is subject to change, however, and the payment of dividends is not necessarily dependent upon the availability of earnings and future financial condition. Information regarding regulatory restrictions on our ability to pay dividends is discussed in “Supervision and Regulation – Payment of Dividends.”
During the three months ended December 31, 2024, the Company utilized a portion of its stock repurchase program most recently amended and approved by the Board of Directors on January 22, 2021. The following table sets forth information with respect to purchases made by or on behalf of the Company of shares of the Company’s common stock during the periods indicated:
Issuer Purchases of Equity Securities
| Period · Number ofSharesPurchased · Average PricePaid Per SharePurchased · Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs · Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs(1) | |||||
|---|---|---|---|---|---|
| October 1 through October 31, 2024 | 95,764 | $26.38 | 95,764 | 13,244,493 | |
| November 1 through November 30, 2024 | — | — | — | 13,244,493 | |
| December 1 through December 31, 2024 | — | — | — | 13,244,493 | |
| Total | 95,764 | 95,764 | |||
(1)The above described stock repurchase program has no expiration date.
On January 17, 2025, the Board of Directors (the “Board”) of the Company authorized an increase in the shares of the Company’s common stock available for repurchase under its stock repurchase program, which was originally approved by the Board in January 2008 and most recently amended in January 2021, to renew the authorization to 20,000,000 shares. As of January 17, 2025, a total of approximately 13,244,493 shares remained available for repurchase under the existing repurchase authorization, resulting in an increase of 6,755,507 shares of common stock available for repurchase.
Performance Graph
Below is a graph which summarizes the cumulative return earned by the Company’s stockholders since December 31, 2019, compared with the cumulative total return on the Russell 2000 Index and S&P U.S. BMI Banks Index. This presentation assumes that the fair value of the investment in the Company's common stock and each index was $100.00 on December 31, 2019 and that the subsequent dividends were reinvested.
| Period Ending | ||||||
|---|---|---|---|---|---|---|
| Index | 12/31/19 | 12/31/20 | 12/31/21 | 12/31/22 | 12/31/23 | 12/31/24 |
| Home BancShares, Inc. | 100.00 | 102.30 | 130.83 | 125.94 | 144.61 | 166.26 |
| Russell 2000 Index | 100.00 | 119.96 | 137.74 | 109.59 | 128.14 | 142.93 |
| S&P U.S. BMI Banks Index | 100.00 | 87.24 | 118.61 | 98.38 | 107.32 | 143.68 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.