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Hometrust Bancshares Inc   (HTBI)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $25.0100 $-0.07 -0.279%
Day's High: $25.66 Week Perf: -2.53 %
Day's Low: $ 24.83 30 Day Perf: -3.32 %
Volume (M): 101 52 Wk High: $ 30.99
Volume (M$): $ 2,519 52 Wk Avg: $23.33
Open: $24.87 52 Wk Low: $18.02



 Market Capitalization (Millions $) 420
 Shares Outstanding (Millions) 17
 Employees 475
 Revenues (TTM) (Millions $) 182
 Net Income (TTM) (Millions $) 50
 Cash Flow (TTM) (Millions $) 231
 Capital Exp. (TTM) (Millions $) 19

Hometrust Bancshares Inc

HomeTrust Bancshares, Inc., a Maryland corporation, was formed for the purpose of becoming the savings and loan holding company for HomeTrust Bank in connection with HomeTrust Bank’s conversion from mutual to stock form, which was completed on July 10, 2012 (the “Conversion”). In connection with the Conversion, HomeTrust Bancshares issued an aggregate of 21,160,000 shares of common stock at an offering price of $10.00 per share for gross proceeds of $211.6 million. HomeTrust Bancshares received $208.4 million in net proceeds from the stock offering of which $104.2 million or 50% of the net proceeds were contributed to HomeTrust Bank upon completion of the Conversion. On August 25, 2014, HomeTrust Bancshares converted from a savings and loan holding company to a bank holding company and is subject to regulation by the Board of Governors of the Federal Reserve System (“Federal Reserve”), as a result of HomeTrust Bank converting from a federal savings bank to a national bank with the title, “HomeTrust Bank, National Association.” HomeTrust Bank is regulated by the OCC, its primary federal regulator, and by the Federal Deposit Insurance Corporation (“FDIC”), the insurer of its deposits. HomeTrust Bank is a member of the Federal Home Loan Bank of Atlanta (“FHLB” or “FHLB of Atlanta”), which is one of the 12 regional banks in the Federal Home Loan Bank System (“FHLB System”). Our headquarters is located in Asheville, North Carolina.

The Bank was originally formed in 1926, in Clyde, North Carolina, as Clyde Building & Loan Association (later Clyde Savings Bank). As we expanded our geographic footprint and product offerings, our name changed to HomeTrust after rebranding on July 22, 2003.
Between fiscal years 1996 and 2011, Home Trust Banks board of directors and executive management created a unique partnership between six established banks and one de novo bank, where hometown community banks could combine their financial resources to achieve a shared vision. The original partnership banks included:

HomeTrust Bank, since 1926, Asheville, North Carolina

Tryon Federal Bank, since 1935, Tryon, North Carolina

Shelby Savings Bank, since 1905, Shelby, North Carolina

Home Savings Bank, since 1909, Eden, North Carolina

Industrial Federal Bank, since 1929, Lexington, North Carolina

Cherryville Federal Bank, since 1912, Cherryville, North Carolina

Rutherford County Bank, since 2007, Forest City, North Carolina (de novo bank)
Beginning in 2012, executive management implemented a strategic plan that would complement our existing market areas and enhance our ability to achieve positive growth. Between 2013 and 2015, we entered five attractive markets through various acquisitions and new office openings, as well as expanded our product lines. New locations and markets included:

BankGreenville Financial Corporation (“BankGreenville”) - one office in Greenville, South Carolina (acquired in July 2013)

Jefferson Bancshares, Inc. (“Jefferson”) - 12 offices across East Tennessee (acquired in May 2014)

Commercial loan production office ("LPO") in Roanoke, Virginia (opened in July 2014)

Bank of Commerce - one office in Charlotte, North Carolina (acquired in July 2014)

Ten Bank of America Branch Offices - nine in southwest Virginia, one in Eden, North Carolina (acquired in November 2014)

Commercial LPO in Raleigh, North Carolina (opened in November 2014)
By expanding our geographic footprint and hiring local experienced talent, we have built a foundation that allows us to focus on organic growth, while maintaining the community-focused, relationship style of exceptional customer service that has differentiated our brand and characterized our success to date.
Our mission is to create stockholder value by building relationships with our employees, customers, and communities. By building a platform that supports growth and profitability, we are continuing our transition toward becoming a high-performing community bank and delivering on our promise that "Its Just Better Here."

Our principal business consists of attracting deposits from the general public and investing those funds, along with borrowed funds, in loans secured primarily by first and second mortgages on one-to-four family residences including home equity loans, construction and land/lot loans, commercial real estate loans, construction and development loans, commercial and industrial loans, indirect automobile, and municipal leases. Municipal leases are secured primarily by a ground lease for a firehouse or an equipment lease for fire trucks and firefighting equipment to fire departments located throughout North and South Carolina. We also purchase investment securities consisting primarily of securities issued by United States Government agencies and government-sponsored enterprises, as well as, certificates of deposit insured by the FDIC.


We offer a variety of deposit accounts for individuals, businesses and nonprofit organizations. Deposits are our primary source of funds for our lending and investing activities.

Residential real estate loans up to $750,000 may be approved at varying levels by certain officers of the Bank. Our Chief Credit Officer may approve loans up to $5.0 million. Loan relationships in excess of $5.0 million in total credit exposure must be approved by our Senior Loan Committee. Loans outside our general underwriting guidelines generally must be approved by the Chief Credit Officer, Chief Banking Officer, a Senior Credit Officer, or Mortgage Fulfillment Manager for residential loans. Certain other bank officers may approve loans outside of our general underwriting guidelines on a limited basis and generally at a lower amount. Lending authority is also granted to certain other bank officers at lower amounts, generally up to $500,000 in total credit exposure for real estate secured loan relationships, provided the loan does not have a Criticized or Classified risk grade.

The Bank invests in various securities based on investment policies that have been approved by our board of directors and adhere to federal bank regulations. These securities include: United States Treasury obligations, securities of various federal agencies, including mortgage-backed securities, callable agency securities, certain certificates of deposit of insured banks and savings institutions, certain bankers’ acceptances, repurchase agreements, investment grade corporate bonds and commercial paper, federal funds, and limited types of equity securities. See “How We Are Regulated - HomeTrust Bank” for a discussion of additional restrictions on our investment activities.


Our chief executive officer and chief financial officer have the basic responsibility for the management of our investment portfolio, subject to the direction and guidance of the board of directors. These officers consider various factors when making decisions, including the marketability, maturity, and tax consequences of the proposed investment. The maturity structure of investments will be affected by various market conditions, including the current and anticipated slope of the yield curve, the level of interest rates, the trend of new deposit inflows, and the anticipated demand for funds via deposit withdrawals and loan originations and purchases.



   Company Address: 10 Woodfin Street Asheville 28801 NC
   Company Phone Number: 259-3939   Stock Exchange / Ticker: NASDAQ HTBI
   


Customers Net Income fell by HTBI's Customers Net Profit Margin fell to

-6.39 %

16.88 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AMNB   -3.05%    
BAC        0.14% 
BANC   -6.82%    
FCCO   -0.87%    
PEBK   -0.36%    
SFDL   -0.36%    
• View Complete Report
   



Hometrust Bancshares Inc

Hometrust Bancshares Inc Sizzles with Record-breaking Revenue and Earnings in Q1 2024!

/>Hometrust Bancshares Inc., the holding company of HomeTrust Bank, recently unveiled impressive financial results for the most recent fiscal period. The company reported substantial revenue growth and a surge in profit per share, defying the challenges faced by many entities in the S&Ls Savings Banks sector. These solid numbers indicate that Hometrust Bancshares Inc. is on a clear path to success, with various growth indicators pointing towards a promising future.
Revenue Growth and Profit Surge:
One of the standout achievements of Hometrust Bancshares Inc. is a remarkable 21.123% increase in revenue to $50.79 million. This signifies the company's ability to generate higher sales and attract a growing customer base. Moreover, profit per share experienced a significant surge of 46.67% to reach $0.88 per share. This impressive growth demonstrates the effectiveness of Hometrust Bancshares Inc.'s business strategies and financial management.

Hometrust Bancshares Inc

Hometrust Bancshares Inc Reports Impressive 123.9% Profit Surge in Financial Period Closing June 30, 2023

Over the last five trading days, Hometrust Bancshares Inc's stock has experienced a decrease of -3.86%. This brings the year-to-date performance of the stock to -3.78%. However, despite this recent drop, the stock is still trading at a level that is 27.1% higher than its 52-week low.
Looking at the financial period that ended on June 30, 2023, Hometrust Bancshares Inc saw a significant increase in its earnings per share (EPS). The EPS grew by 123.9% to $0.88 per share compared to $0.39 per share in the previous year, and it grew by 120.25% from $0.40 per share in the prior reporting period. This indicates strong growth in the company's profitability.

Hometrust Bancshares Inc

Hometrust Bancshares Inc Shines with Remarkable Q3 2023 Earnings Growth of 38.28% YoY

Hometrust Bancshares Inc (HTBI) has just released their third quarter 2023 financial report, providing investors with valuable insight into the company's activities over the past few months. While the report showed a fall in income per share, it's important to note that revenue growth was up an impressive 38.28% YoY to a cumulative value of $177 million. This suggests that the company is on the right track in terms of increasing their sales, and will soon see positive changes in their bottom line.
Despite the decline in net profits from $8.023 million in the corresponding period a year before to $6.734 million in Q3 2023, Hometrust Bancshares Inc is pushing forward with a renewed focus on sales, which has resulted in a rise in operating earnings of 66.19% to $16.931 million. The company's net margin has decreased slightly to 13.53%, but we can expect this to improve going forward as they continue to focus on sales growth.






 

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