earnings
confidence high
sentiment neutral
materiality 0.70
HomeTrust Q2 net income $13.5M, EPS $0.79; dividend raised to $0.11
HomeTrust Bancshares, Inc.
2023-FY EPS reported
$1.67
- Net income for Q2 (Dec 31, 2023) $13.5M ($0.79 diluted EPS), down from $14.8M ($0.88) in prior quarter.
- Six-month net income $28.3M ($1.67 EPS) vs $22.9M ($1.50) in year-ago period; net interest margin stable at 4.02%.
- Provision for credit losses increased to $3.4M from $2.6M QoQ; net charge-offs $2.8M.
- Quarterly cash dividend increased 10% to $0.11/share, payable Feb 29, 2024 to holders of record Feb 15, 2024.
- Ceasing indirect auto originations and right-sizing mortgage banking; expects $800K annual cost savings.