Home BancShares increases share repurchase program

Home BancShares (HOMB) announced that its board of directors has authorized an increase in the shares available for repurchase and has declared its regular quarterly cash dividend. On January 17, the board of directors of Home BancShares 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, 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.