Home BancShares, Inc. Announces a 30% Increase in First Quarter Cash Dividend

Home BancShares, Inc. Announces a 30% Increase in First Quarter Cash Dividend

CONWAY, Ark., Jan. 23, 2013 (GLOBE NEWSWIRE) -- Home BancShares, Inc.'s
(Nasdaq:HOMB), parent company of Centennial Bank, Board of Directors declared
a regular $0.13 per share quarterly cash dividend payable March 6, 2013, to
shareholders of record February 13, 2013.This cash dividend represents a
$0.03 per share, or 30%, increase over the $0.10 cash dividend paid during the
first quarter of 2012 and is equal to both the regular and the special cash
dividend paid during the fourth quarter of 2012.

During the fourth quarter of 2012, the Board of Directors paid a second
dividend for the quarter on December 31, 2012.This dividend has been declared
by the Board of Directors as a special one-time cash dividend versus a cash
dividend in lieu of the regular quarterly cash dividend for the first quarter
of 2013.This special fourth quarter dividend was paid out of current earnings
and profits in accordance with IRC Section 316 and therefore, will be entirely
classified as a qualifying dividend for income tax purposes pursuant to
Section 1(h).

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 locations in central Arkansas, north
central Arkansas, southern Arkansas, the Florida Keys, southwestern Florida,
central Florida, the Florida Panhandle and south Alabama. The Company's common
stock is traded through the NASDAQ Global Select Market under the symbol

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 are included in its Annual
Report on Form 10-K for the year ended December 31, 2011 filed with the
Securities and Exchange Commission.

CONTACT: Brian Davis
         Chief Accounting Officer &
         Investor Relations Officer
         Home BancShares, Inc.
         (501) 328-4770
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