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AI brief of an SEC Form 8-K · Home BancShares (HOMB)

Home BancShares adds $16.7 million Hurricane Helene loan loss reserve, warns of more

Negative Impact 4 of 5 earnings Written later

Home BancShares said it set aside about $16.7 million in additional loan loss reserves for the third quarter of 2024 tied to Hurricane Helene, which made landfall September 26, 2024. The company said Hurricane Milton, which made landfall October 9, 2024, could result in a substantial increase to hurricane-related loan reserves in the fourth quarter, so shareholders face possible further charges.

Key points

  • Additional third-quarter 2024 loan loss reserves of approximately $16.7 million related to Hurricane Helene
  • Helene made landfall September 26, 2024 as a Category 4 hurricane; the company has a little over $1 billion in loans in the storm's path
  • Hurricane Milton made landfall October 9, 2024; the company said it could cause a substantial increase to fourth-quarter hurricane-related reserves

The filing

CompanyHome BancShares (HOMB)
Form8-K, current report
Filed with the SECOct 11, 2024, 9:33 AM ET
Accession number0001331520-24-000169

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 11, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.