Every material Form 8-K Home BancShares filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Home BancShares reported third quarter 2024 net income of $100.0 million, or $0.50 per diluted share, compared with $0.49 a year earlier. The results include a $16.7 million additional loan loss reserve for areas affected by Hurricane Helene, which the company said reduced diluted EPS by six cents, and the chairman said the company had been expecting $0.55 to $0.56 before the storm.
Q3 2024 net income $100.0 million vs $98.5 million in Q3 2023 and $101.5 million in Q2 2024
Total revenue (net) $258.0 million vs $245.4 million in Q3 2023
Hurricane Helene reserve of $16.7 million within an $18.2 million loan loss provision; total credit loss expense $18.9 million
Net available liquidity of $5.65 billion at September 30, 2024; conference call set for October 17, 2024 at 1:00 p.m. CT
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.
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
Home BancShares reported second quarter 2024 results in a July 17, 2024 press release furnished with an 8-K. Net income was $101.5 million, or $0.51 per diluted share, up from the first quarter but below the second quarter of 2023. Management will hold a conference call on July 18, 2024 at 1:00 p.m. CT.
Net income of $101.5 million ($0.51 diluted EPS) for the quarter ended June 30, 2024, versus $100.1 million ($0.50) in Q1 2024 and $105.3 million ($0.52) in Q2 2023
Total revenue (net) of $254.6 million, up from $246.4 million in Q1 2024 and down from $257.2 million in Q2 2023
Non-interest expense of $113.2 million, including $2.3 million of FDIC special assessment expense
Book value per common share of $19.30 and tangible book value per common share of $12.08 at June 30, 2024
Home BancShares announced management changes effective May 13, 2024: J. Stephen Tipton becomes CEO of Centennial Bank and Kevin D. Hester becomes President of the Company and Centennial Bank. John W. Allison remains Executive Chairman and CEO of the Company, and Tracy M. French remains Chairman of Centennial Bank. The filing gives no financial results, so the change is an organizational one; it sets out pay for the new roles.
Tipton named CEO of Centennial Bank; annual salary $560,240 and a 100,000-share restricted stock award vesting over four years
Hester named President of the Company and Centennial Bank, keeping his Chief Lending Officer role; annual salary $539,371 and a 100,000-share restricted stock award vesting over four years
Allison stays as Executive Chairman and CEO of the Company; French stays as Chairman of Centennial Bank, with a focus on special projects
Changes were approved May 13, 2024 and announced in a press release dated May 14, 2024
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Home BancShares filing is on SEC EDGAR ↗. 8-K briefs of other companies →