Hometrust Bancshares Inc ( (HTB) ) has released its Q2 earnings. Here is a breakdown of the information Hometrust Bancshares Inc presented to its investors.
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HomeTrust Bancshares, Inc., headquartered in Asheville, North Carolina, operates as the holding company for HomeTrust Bank, a state-chartered community bank with over 30 locations across several states, focusing on providing financial services in the regional community banking sector.
In its latest earnings report, HomeTrust Bancshares, Inc. announced a strong financial performance for the second quarter ending June 30, 2025, with notable increases in net income and earnings per share, alongside the declaration of a quarterly dividend.
The company reported a net income of $17.2 million, an increase from $14.5 million in the previous quarter, and diluted earnings per share rose to $1.00 from $0.84. The annualized return on assets and equity improved to 1.58% and 11.97%, respectively. The net interest margin also saw a rise to 4.32%. Additionally, the company completed the sale of two Knoxville, Tennessee branches, contributing a $1.4 million gain, and continued its stock repurchase program, buying back 78,412 shares.
For the six months ending June 30, 2025, HomeTrust Bancshares reported a net income of $31.7 million, up from $27.5 million in the same period last year. The company also saw a decrease in the provision for credit losses and an increase in noninterest income, despite a slight rise in noninterest expenses. The bank remains well-capitalized, with strong asset quality and a stable balance sheet.
Looking ahead, HomeTrust Bancshares remains committed to its strategic goals of being a high-performing regional community bank and a recognized best place to work, as evidenced by its recent accolades. The company continues to focus on prudent balance sheet management and strategic growth in core markets.