Welcome to our dedicated page for HomeTrust Bancshares news (Ticker: HTBI), a resource for investors and traders seeking the latest updates and insights on HomeTrust Bancshares stock.
HomeTrust Bancshares, Inc. (symbol: HTBI) is a regional, community-focused full-service commercial bank, founded in 1926. The company is headquartered in Asheville, North Carolina, and operates in various regions including North Carolina, upstate South Carolina, east Tennessee, and southwest Virginia. As of September 30, 2015, HomeTrust Bank is ranked among the top 400 U.S. banks with assets totaling $2.7 billion and is the 5th largest community bank headquartered in North Carolina.
HomeTrust Bank is committed to providing value-added relationship banking services. Their services encompass a wide range of retail and commercial banking products tailored to meet the financial needs of individuals, families, small businesses, and corporations. The bank’s strong community focus is evident in its support of local economic development initiatives and non-profit organizations, contributing to the vibrancy and health of the communities it serves.
With strategically located offices in the Asheville metropolitan area, the Piedmont region, Charlotte, Raleigh, Greenville, Kingsport/Johnson City, Knoxville, Morristown, and the Roanoke Valley, HomeTrust Bank ensures accessible banking services to a diverse client base. The company’s operations are directed and coordinated to provide efficient and responsive banking services, with a dedicated team of bankers who focus on building long-term relationships with their clients.
In recent years, HomeTrust Bank has achieved significant milestones including strengthening its financial condition and expanding its market presence. The bank's tangible equity, or tangible book value, which is calculated by subtracting goodwill and core deposit intangibles from total stockholders' equity, reflects its solid financial foundation. This metric is crucial for investors as it provides a clear picture of the bank’s tangible assets relative to its equity base.
HomeTrust Bancshares, Inc. continues to pursue growth and innovation in its banking services, ensuring that it remains a trusted financial partner for its customers while contributing to the economic and social well-being of its communities.
HomeTrust Bancshares, Inc. (NASDAQ: HTBI) announced its preliminary net income for Q3 FY2023, detailing a net income of $6.7 million ($0.40 per share), a decrease of 50.7% from Q2 FY2023. The merger with Quantum Capital Corp. on February 12, 2023, added $656.7 million in assets, including $561.9 million in loans. Notably, the provision for credit losses surged to $8.8 million, reflecting both the merger's impact and credit quality adjustments. Despite the challenges, net interest income rose to $41.5 million, driven by a net interest margin of 4.55%. The company declared a quarterly cash dividend of $0.10, up from $0.09 last quarter. Year-over-year comparisons remain stable, showing no significant change in net income at $29.6 million for the nine-month period. The company maintains a robust balance sheet, with a well-capitalized status and low levels of nonperforming loans.
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