
Home BancShares Nets $402M Income Despite $48M Hurricane Provisions
Home Bancshares IncDescription
What this story covers
Home BancShares (HOMB) reported 402 million dollars net income in 2024, up 2 percent YoY, with loan growth to 14 point 8 billion dollars and deposits at 17 point 2 billion dollars. Amid Fed rate cuts, NIM rose to 4 point 27 percent, but 48 million dollars credit provisions, including 33 million dollars for hurricanes, pressured results. Strong capital (CET1 15 percent) and liquidity support growth, though CRE concentration (57 percent loans) poses risks.
Story snapshot
CompanyHome Bancshares Inc
TickerHOMB
VariantStandard detailed
Duration10:47
Filing type10-K
PeriodAnnual 2024
IndustryFinancial Services
Accession0001331520-25-000076
Full Story Script
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