Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Q3 2024 Earnings Conference Call October 17, 2024 2:00 PM ET
Company Participants
Donna Townsell - Senior Vice President, Director of Investor Relations
John Allison - Chairman and Chief Executive Officer
Brian Davis - Treasurer and Chief Financial Officer
Stephen Tipton - Chief Executive Officer, Centennial Bank
Kevin Hester - President and Chief Lending Officer
Tracy French - Chairman, Centennial Bank
Christopher Poulton - President, CCFG
Conference Call Participants
Stephen Scouten - Piper Sandler
Brett Rabatin - Hovde Group
Matt Olney - Stephens
Jon Arfstrom - RBC
Catherine Mealor - KBW
Brian Martin - Itau BBA
Michael Rose - Raymond James
Operator
Greetings, ladies and gentlemen. Welcome to the Home BancShares Incorporated Third Quarter 2024 Earnings Call. The purpose of this call is to discuss the information and data provided in the quarterly earnings release issued after the market closed yesterday. The Company presenters will begin with prepared remarks then entertain questions. [Operator Instructions]
The Company has asked me to remind everyone to refer to their cautionary note regarding forward-looking statements. You will find this on Page 3 of their Form 10-K filed with the SEC in February 2024. At this time, all participants are in a listen-only mode and this conference call is being recorded. [Operator Instructions]
It is now my pleasure to turn the call over to Donna Townsell, Director of Investor Relations.
Donna Townsell
Thank you. Good afternoon and welcome to our third quarter conference call. With me for today's discussion is our Chairman, John Allison; Stephen Tipton, Chief Executive Officer of Centennial Bank; Kevin Hester, President and Chief Lending Officer; Brian Davis, our Chief Financial Officer; Tracy French, Chairman of Centennial Bank; Chris Poulton, President of CCFG; and John Marshall, President of Shore Premier Finance.
To open our discussion on the quarter today, we will begin with some remarks from our Chairman, John Allison.
John Allison
Thank you, Donna. Welcome, everyone. Welcome to Home BancShares' third quarter 2024 earnings release and conference call. The company had another great quarter. The quarter was very strong and would have finished as one of the best that was until the last few days of September when the first of two disastrous hurricane took a swap across Florida, where Home has a little over $1 billion in customer loans.
We felt it is prudent to move into hurricane mode as we have in past years when weather events affected the area where we did considerable business. Some of our customers are still involved in litigation over the claims from the last hurricane. We have closed the books for the end of the first quarter after the first hurricane when the reserve estimate that we made we thought was reasonable and then here comes Milton, number two hurricane and by the way in two weeks.