earnings
confidence high
sentiment negative
materiality 0.75
HomeTrust Q2 net income falls 17.6% to $12.4M; provision for credit losses jumps to $4.3M
HomeTrust Bancshares, Inc.
2024-Q2 EPS reported
$1.61
- Net income $12.4M ($0.73 EPS) vs $15.1M ($0.88 EPS) in prior quarter.
- Provision for credit losses rose to $4.3M from $1.2M, driven by $2.0M specific reserves on equipment finance/SBA loans.
- Net interest margin improved to 4.08% from 4.02%.
- Quarterly dividend maintained at $0.11/share; payable Aug 29, record Aug 15.
- Six-month net income $27.5M ($1.61 EPS) vs $21.8M ($1.30 EPS) year-over-year.