HomeTrust Bancshares, Inc. - HTBI STOCK NEWS

HomeTrust Bancshares (NASDAQ: HTBI) reported Q3 2024 net income of $13.1 million ($0.76 per diluted share), up from $12.4 million ($0.73 per share) in Q2 2024. Key metrics include ROA of 1.17%, ROE of 9.76%, and net interest margin of 4.00%. The company maintained a strong net interest margin for the ninth consecutive quarter at or above 4.00%. The Board approved a 9% increase in quarterly dividend to $0.12 per share. The provision for credit losses decreased to $3.0 million, including $2.2 million reserved for potential Hurricane Helene impact. Year-to-date net income reached $40.6 million compared to $36.6 million in the same period last year.

HomeTrust Bank has reaffirmed its commitment to serving local communities in the aftermath of Hurricane Helene. While the full impact of the hurricane, including catastrophic rain and flooding, is still being assessed, the bank is prepared to support affected employees and customers. C. Hunter Westbrook, President & CEO, emphasized the bank's dedication to providing necessary banking support for homes, businesses, and communities.

The bank has confirmed the safety of all employees and assessed its banking locations, noting only minimal damage. HomeTrust Bank remained functionally operational throughout the storm, with electronic banking services and online operations available. Currently, all but three of their 36 locations have at least drive-thru banking available. Due to ongoing utility and communication issues, particularly in Western North Carolina, customers are advised to check the bank's website for the most recent updates and service availabilities.

HomeTrust Bancshares (NASDAQ: HTBI) announced financial results for Q2 ending June 30, 2024, and declared a $0.11 per share quarterly dividend. Net income fell to $12.4 million from $15.1 million in Q1 2024, with diluted EPS dropping to $0.73 from $0.88. Key metrics saw annualized ROA at 1.13% (down from 1.37%) and ROE at 9.58% (down from 11.91%). The net interest margin improved slightly to 4.08%. The provision for credit losses increased significantly to $4.3 million. For the six months ended June 30, 2024, net income rose to $27.5 million from $21.8 million in the same period in 2023, with diluted EPS improving to $1.61 from $1.30. Annualized ROA and ROE also increased, while the net interest margin declined from 4.43% to 4.05%. The company repurchased 23,483 shares at an average price of $27.48. Quarterly dividends remained constant at $0.11 per share, totaling $1.9 million. The Board of Directors declared a quarterly dividend payable on August 29, 2024.

HomeTrust Bancshares, Inc. (NASDAQ: HTBI) has announced the appointment of Natasha Drozdak as Senior Vice President, Director of Digital Strategy for HomeTrust Bank (HTB), effective July 15, 2024. Drozdak will be responsible for developing HTB's digital strategy and roadmap to drive growth and innovation. She will report directly to C. Hunter Westbrook, President & CEO.

Westbrook emphasized the importance of this role in offering customers and employees digital solutions in banking, as transactions and interactions are increasing across multiple channels. Drozdak, a graduate of the University of South Carolina and the SC Bankers School, brings a proven track record in digital innovation from her previous role as Director of Digital Strategy & Delivery at SouthState Bank.

HomeTrust Bank, the banking arm of HomeTrust Bancshares (NASDAQ: HTBI), has been named a 2024 Best Place to Work in South Carolina by Best Companies Group.

President and CEO, C. Hunter Westbrook, emphasized the Bank's strategy of fostering a positive workplace culture to drive performance. The award process included a survey evaluating company policies and employee experience.

HomeTrust also received the Most Loved Workplace 2024 certification by Newsweek and ranked as a Top 50 Community Bank in S&P Global Market Intelligence’s 2023 rankings.

The Bank is committed to a supportive work environment, highlighted by a culture refresh initiated in 2022, focusing on 33 fundamental behaviors and enhanced employee benefits.

HomeTrust Bancshares (NASDAQ: HTBI) announced the appointment of Charles “Chuck” Sivley as Chief Technology Officer, effective June 10, 2024. Sivley will drive the Bank's technological strategy and infrastructure, enhancing reliability and scalability. He joins the Executive Operating Committee and reports directly to President and CEO, C. Hunter Westbrook. Sivley replaces Marty T. Caywood, who retires after 29 years with the company. Sivley brings over 30 years of technology experience, with a background in various banks and large organizations. He holds a Certificate of Digital Banking and has a proven record of technological innovation and operational efficiency.

HomeTrust Bank, the holding company of HomeTrust Bancshares, Inc. (NASDAQ: HTBI), has been awarded Newsweek's Most Loved Workplace 2024 certification. This recognition highlights the company's commitment to employee well-being and creating a positive work environment.

HomeTrust Bancshares, recognized in two renowned bank rankings, achieved top honors in S&P Global Market Intelligence's annual rankings and ranked in the top 100 of Forbes 15th Annual Best Banks list. The company's strong performance is attributed to engaged employee culture and prudent balance sheet management, validating its high performance.

HomeTrust Bancshares, Inc. reported a strong financial performance in the first quarter of the year ending December 31, 2024. The company announced a quarterly cash dividend and the re-authorization of its stock buyback program. Net income increased to $15.1 million, with diluted EPS at $0.88. ROA and ROE also showed improvement. The company's net interest margin remained stable at 4.02%. The provision for credit losses decreased to $1.2 million. The Board declared a quarterly cash dividend of $0.11 per share. The President and CEO highlighted the company's robust financial performance and strategic initiatives.