Home BancShares, Inc. Announces Proposed $150 Million Subordinated Notes Offering

CONWAY, Ark., March 28, 2017 -- Home BancShares, Inc. (NASDAQ:HOMB) (“Home” or the “Company”), parent company of Centennial Bank, (“Centennial”), announced today that it plans to offer, subject to market and other offering conditions, $150 million of its fixed-to-floating rate subordinated notes due 2027 (the “Notes”) in an underwritten public offering. The Company intends to use the net proceeds for general corporate purposes, which may include investments at the holding company level, providing capital to support the growth of Centennial Bank, repurchases of common shares and the payment of the cash consideration components of future acquisitions.

RBC Capital Markets, LLC is serving as sole book-running manager for the offering.

The subordinated notes will be issued pursuant to a preliminary prospectus supplement filed today as part of an existing shelf registration statement filed with the Securities and Exchange Commission (“SEC”) on Form S-3.

Home has filed a shelf registration statement (including a base prospectus) and a preliminary prospectus supplement relating to this offering with the SEC.  Prospective investors should read the registration statement (including the base prospectus), the preliminary prospectus supplement and other documents the Company has filed and will file with the SEC that are incorporated by reference into the registration statement and each prospectus supplement for more complete information about the Company and the offering, including the risks associated with the securities and the offering.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. The offering will be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from the investor relations section of Home's Web site at: www.homebancshares.com or from the SEC's Web site at: www.sec.gov.  Alternatively, you may obtain a copy of the prospectus supplement and accompanying prospectus for the offering by contacting: RBC Capital Markets, LLC, Attention: Fixed Income Syndicate, 3 World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, telephone (866) 375-6829.

General

Home BancShares, Inc. is a bank holding company headquartered in Conway, Arkansas. Our wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, South Alabama and New York City. The Company's common stock is traded through the NASDAQ Global Select Market under the symbol “HOMB.”

This release and certain of our reports that we file with the Securities and Exchange Commission (“SEC”) contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements contained in this release reflect our current views about future events and financial performance and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from historical results and those expressed in any forward-looking statement. Some factors that could cause actual results to differ materially from historical or expected results include, but are not limited to, changes in general economic conditions, either nationally or locally in the areas in which we conduct or will conduct our business; inflation, interest rate, market and monetary fluctuations; the effect of any acquisitions or other transactions to which we or our bank subsidiary may from time to time be a party, including our ability to successfully integrate any businesses that we acquire; the risk that expected cost savings and other benefits from acquisitions may not be fully realized or may take longer to realize than expected; the possibility that an acquisition does not close when expected or at all because required regulatory, shareholder or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all; the reaction to a proposed acquisition transaction of the respective companies’ customers, employees and counterparties; diversion of management time on acquisition-related issues; the ability to enter into and/or close additional acquisitions; the availability of and access to capital on terms acceptable to us; increased regulatory requirements and supervision that will apply as a result of our exceeding $10 billion in total assets; recently enacted and potential legislation and regulation affecting the financial services industry; changes in U.S. governmental monetary and fiscal policies, as well as legislative and regulatory changes; increases in competitive pressures among financial institutions and businesses offering similar products and services; higher defaults on our loan portfolio than we expect; changes in management’s estimate of the adequacy of the allowance for loan losses; the effect of changes in accounting policies and practices and auditing requirements; management’s estimates and projections of interest rates and interest rate policy; the ability to keep pace with technological changes, including changes regarding cybersecurity; an increase in the incidence or severity of fraud, illegal payments, security breaches or other illegal acts impacting our bank subsidiary or our customers; the execution of our business plan; and factors described in reports we file with the SEC, including those factors set forth in “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2016. We do not intend and disclaim any duty or obligation to update or revise any industry information or forward-looking statements set forth in this release to reflect new information, future events or otherwise.

FOR MORE INFORMATION CONTACT:
Jennifer C. Floyd
Chief Accounting Officer & 
Investor Relations Officer
Home BancShares, Inc. 
(501) 339-2929