Helene Shifts HOMB into Hurricane Mode
Home BancShares, Inc. (HOMB)
Last home bancshares, inc. earnings: 4/16 08:15 am
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US:NASDAQ Investor Relations:
homebancshares.com/investor-relations
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Source: GlobeNewswire
CONWAY, Ark., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) (“Home” or “the Company”), parent company of Centennial Bank (“Centennial”), announced it has established additional reserves for loan losses related to the Hurricane Helene FEMA Disaster Area for the third quarter of 2024. As a result of Hurricane Helene, which made landfall September 26, 2024 as a Category 4 hurricane, HOMB recorded additional loan loss reserves of approximately $16.7 million. HOMB has operated in Florida for many years, and there is no substitute for experience. Hurricane mode at HOMB includes generators, satellite phones at branches in the region, a toll-free number for employees to call to mark themselves safe and a reserve for potential losses on loans. “Due to the widespread devastation of Helene, it will take time to get clarity from customers on damages incurred, needed deferrals or potential losses on a little over $1 billion worth of loans in the path of the storm,” said
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HOMB
Earnings
- 10/16/24 - Miss
HOMB
Sec Filings
- 11/19/24 - Form 4
- 11/18/24 - Form 144
- 11/12/24 - Form 4
- HOMB's page on the SEC website