HOME BANCSHARES INC 8-K

What Happened

• Home BancShares, Inc. announced on April 1, 2026 that it has completed its previously announced acquisition of Mountain Commerce Bancorp, Inc. (MCBI) under the Agreement and Plan of Merger dated December 7, 2025. As part of the transaction, HOMB Acquisition Sub IV, Inc. merged into MCBI and MCBI merged into Home (Home is the surviving entity); Mountain Commerce Bank (MCB) merged into Centennial Bank (Centennial is the surviving bank).

Key Details

• Effective date: April 1, 2026.
• Consideration: Home will issue approximately 5.4 million shares of its common stock, valued at about $146 million as of April 1, 2026.
• Exchange ratio: MCBI shareholders receive 0.85 shares of Home common stock for each MCBI share held at closing.
• Cash: No cash consideration except cash paid in lieu of fractional shares, calculated at $26.77 per fractional share.

Why It Matters

• The deal expands Home BancShares’ operations through the addition of Mountain Commerce’s franchise and was paid primarily with stock, meaning Home increased its share count by roughly 5.4 million shares (valued at ~$146M) rather than using cash. Investors should note the exchange ratio and the share issuance size when assessing potential dilution and the transaction’s impact on Home’s capital base. The company filed a press release attached as Exhibit 99.1 and the merger agreement is incorporated by reference in the 8-K.