CONWAY, Ark., Jan. 12, 2018 — Home BancShares, Inc. (Nasdaq:HOMB) (â€œHomeâ€� or â€œthe Companyâ€�), parent company of Centennial Bank (â€œCentennialâ€�), announced plans today to distribute a one-time bonus of $500 for more than 850 full-time tenured employees. The actions are in appreciation for the commitment employees show in supporting customers and building stronger communities.
â€œWe are investing in our most important asset â€“ our people,â€� said John Allison, Home BancShares, Inc. Chairman. â€œOur employees drive our reputation, our business and ultimately our success. Investing in these individuals is an important step to help support them, their families and the communities in which we operate.â€�Newly passed tax legislation includes a reduction in corporate tax rates from 35% to 21% and is designed to spur economic growth. â€œThe tax reform has created the opportunity for us to reward our employees who are working hard each day to both serve our customers and enrich relationships in our communities,â€� added Mr. Allison. â€œWe look forward to identifying additional opportunities for Home BancShares to invest in our people and communities as we continue to execute our business strategies and deliver long-term value to our shareholders.â€�â€œWe believe tax reform is good for our U.S. economy and we are very happy to share with our valuable team members some portion of the benefits Home BancShares will realize by the enactment of the recent tax reform,â€� said Tracy French, Centennial Bank President and CEO.Approximately 53 percent of full-time employees will receive this one-time bonus which is expected to be distributed during January 2018. Employees with base salaries exceeding $50,000 are excluded from this compensation.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, the ability to successfully integrate new acquisitions 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 is included in its Annual Report on Form 10-K for the year ended December 31, 2016 filed with the Securities and Exchange Commission (the â€œSECâ€�) on February 28, 2017.FOR MORE INFORMATION CONTACT:Jennifer C. Floyd
Chief Accounting Officer &
Investor Relations Officer
Home BancShares, Inc.
Latest posts by Brad Bennett (see all)
- Compass Properties Announces Purchase of Park West I Building in Madisonâ€™s University Research Park - January 19, 2018
- Inaugural Ice Cream Bash Featuring Live Music to be Celebrated in Iowa This Summer - January 19, 2018
- FINRA Accepts Membership of its First Equity Crowdfunding Portal Exclusively for Investments in the Energy Industry, Opening Oil and Gas Investments and Clean Tech Startups to the Public. - January 19, 2018