Home BancShares, Inc. Invests in Employees

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CONWAY, Ark., Jan. 12, 2018 — Home BancShares, Inc. (Nasdaq:HOMB) (“Homeâ€� or “the Companyâ€�), parent company of Centennial Bank (“Centennialâ€�), 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.
“We are investing in our most important asset – our people,â€� said John Allison, Home BancShares, Inc. Chairman.  “Our 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. “We 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€�“We 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 “SECâ€�) on February 28, 2017.FOR MORE INFORMATION CONTACT:Jennifer C. Floyd
Chief Accounting Officer & 
Investor Relations Officer
Home BancShares, Inc.
(501) 339-2929

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Brad Bennett

Brad Bennett

Brad grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.