Welcome to our dedicated page for Hometrust Bancshares news (Ticker: HTBI), a resource for investors and traders seeking the latest updates and insights on Hometrust Bancshares stock.
HomeTrust Bancshares, Inc. (HTBI), the holding company for HomeTrust Bank, regularly issues news and updates that reflect its role as a regional, community-focused financial institution based in Asheville, North Carolina. This news page aggregates company press releases and third-party coverage so readers can review the latest information related to the bank’s operations, performance, and strategic decisions.
According to its public communications, HomeTrust Bancshares frequently reports quarterly and annual financial results, including net income, earnings per share, net interest margin, and provisions for credit losses under the current expected credit losses model. These earnings releases also discuss changes in loan and deposit balances, noninterest income categories such as service charges, gains on loan sales, bank owned life insurance income, and operating lease income, as well as trends in funding costs and asset yields.
News items also cover corporate actions and strategic initiatives. Examples disclosed by the company include the merger of Quantum Capital Corp. into HomeTrust Bancshares, adjustments to business lines such as ceasing indirect auto originations and right-sizing mortgage banking, restructurings of the bank owned life insurance portfolio, stock repurchase authorizations, and changes in the company’s fiscal year end. The bank has also announced recognition in external rankings, including S&P Global Market Intelligence’s Top 50 Community Banks list and Forbes’ America’s Best Banks list.
Readers can also find updates on leadership and technology, such as the appointment of a Director of Digital Strategy and a Chief Technology Officer, reflecting the bank’s focus on digital channels and technology infrastructure. Other releases address branch and market decisions, including a definitive agreement to sell two Knoxville, Tennessee branches, and the planned transfer of the company’s stock listing from NASDAQ under the ticker HTBI to the New York Stock Exchange under the symbol HTB.
Investors and followers of HTBI can use this news feed to review the company’s reported financial performance, strategic moves, market footprint developments, and technology and leadership announcements over time.
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HomeTrust Bancshares, Inc. (NASDAQ: HTBI) announced its preliminary net income for Q3 FY2023, detailing a net income of $6.7 million ($0.40 per share), a decrease of 50.7% from Q2 FY2023. The merger with Quantum Capital Corp. on February 12, 2023, added $656.7 million in assets, including $561.9 million in loans. Notably, the provision for credit losses surged to $8.8 million, reflecting both the merger's impact and credit quality adjustments. Despite the challenges, net interest income rose to $41.5 million, driven by a net interest margin of 4.55%. The company declared a quarterly cash dividend of $0.10, up from $0.09 last quarter. Year-over-year comparisons remain stable, showing no significant change in net income at $29.6 million for the nine-month period. The company maintains a robust balance sheet, with a well-capitalized status and low levels of nonperforming loans.
HomeTrust Bancshares, Inc. (NASDAQ: HTBI) has successfully completed its merger with Quantum Capital Corp. on February 12, 2023. The transaction, valued at approximately $70.8 million, will result in a combined entity with assets totaling around $4.3 billion, including loans and deposits of $3.6 billion each. HomeTrust will issue 1,374,646 shares of common stock and pay $33 million in cash to Quantum shareholders. The merger enhances HomeTrust's position in the market while retaining the Quantum National Bank name until the systems integration in mid-March 2023. Key personnel changes include Bryan Cohen as Georgia Market President.
HomeTrust Bancshares, Inc. (NASDAQ: HTBI) has received regulatory approvals to merge with Quantum Capital Corp, with the merger anticipated to close around February 13, 2023. The Federal Reserve Bank of Richmond and the North Carolina Office of the Commissioner of Banks granted the necessary approvals under the Agreement and Plan of Merger dated July 24, 2022. Following the merger, Quantum National Bank will also merge into HomeTrust Bank. The systems conversion is scheduled for mid-March 2023, aiming to enhance HomeTrust's banking capabilities.
HomeTrust Bancshares (NASDAQ: HTBI) reported a strong second quarter for fiscal year 2023, with net income of $13.7 million ($0.90 per diluted share), up 48.5% from the previous quarter. The annualized return on assets rose to 1.54%, and return on equity reached 13.37%. Net interest income increased to $37.5 million, while credit loss provisions decreased to $2.2 million. Noninterest income also grew to $8.5 million. The Board declared a quarterly cash dividend of $0.10 per share, representing an 11.1% increase. Total assets and stockholders' equity were reported at $3.6 billion and $410.2 million, respectively.
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HomeTrust Bancshares, Inc. (HTBI) reported preliminary net income of $9.2 million for Q1 fiscal 2023, a 52.7% increase from the previous quarter. Diluted EPS rose to $0.60 from $0.39. The company achieved a 14.2% annualized loan growth, totaling $98.5 million, and net interest income increased by 19.6% to $34.5 million. However, net income decreased by 12.6% year-over-year, impacted by a higher provision for credit losses of $4.0 million. The Board declared a quarterly cash dividend of $0.10 per share, an increase of 11.1%.
HomeTrust Bancshares, Inc. (HTBI) reported a net income of $6.0 million, or $0.39 per diluted share, for Q4 2022, reversing a $7.4 million loss in Q4 2021. For the fiscal year, net income rose to $35.7 million ($2.23 per diluted share) from $15.7 million in 2021. Net interest income increased to $28.9 million in Q4 from $26.0 million, driven by loan growth of $69.8 million (10.3% annualized). The Board declared a quarterly cash dividend of $0.09 per share, payable September 1, 2022. The planned acquisition of Quantum Capital Corporation is expected to enhance profitability.