NYSE$HTB

Hometrust Bancshares Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported strong financial results with net income of $14.8 million and EPS of $0.88, despite a challenging interest rate environment.

HomeTrust Bancshares reported a decrease in net income to $14.8 million and EPS to $0.88 for the quarter ended September 30, 2023. The results were impacted by an increase in the provision for credit losses and a decrease in net interest income, offset by an increase in noninterest income and a decrease in noninterest expense. The company's net interest margin remains in the top quartile despite funding pressure.

  • Net income decreased slightly to $14.8 million, with EPS at $0.88.
  • Net interest margin remained strong despite industry-wide funding pressures.
  • Credit quality metrics remained strong compared to the industry and historical periods.
  • The Board of Directors declared a quarterly cash dividend of $0.11 per common share, a 10% increase.

Headline financials

Total Revenue

$50.8M

Previous: $41.9M+21.1%
EPS (adj)

$0.88

Previous: $0.60+46.7%
Return on Assets

1.3%

Previous: 1.0%+30.4%
Return on Equity

12.2%

Previous: 9.3%+32.2%
Net Interest Margin

4.0%

No prior period
Capital Expenditures

-$276K

Previous: -$616K+55.2%
Free Cash Flow

$14.6M

Previous: $8.58M+69.6%
Net Income

$14.8M

Previous: $9.2M+61.2%
Operating Income

$25.1M

Previous: $34.4M-27.0%
Gross Profit

$50.8M

Previous: $41.9M+21.1%
Cash & Equivalents

$325M

Previous: $94.2M+245.2%
Total Assets

$4.65B

Previous: $3.56B+30.9%
Stock-Based Comp

$1.21M

Previous: $567K+112.7%

Revenue & EPS history

Hometrust · Revenue · Quarterly

$50.8M

Q1 2024+21.1%vs Q1 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Hometrust · $6.78M total across 4 segments · Q4 2020

  • Loan sales gain
    $2.37M+11.1%
  • Service charges
    $2.03M-14.3%
  • Other income
    $1.86M+61.0%
  • BOLI income
    $522K-1.3%

Forward guidance

The press release does not contain specific forward guidance. It focuses on the current quarter's results and strategic decisions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.2%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+3.4%

Avg return

30 days after

48%

25 / 52 earnings

Positive

+7.3%

Q2 2023

Best reaction

-7.0%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%-0.3%+3.1%
Q3 2025+1.9%+1.3%+1.4%
Q2 2025-0.3%-1.7%+1.9%
Q1 2025-1.5%-1.4%+12.2%
Q4 2024-3.4%-3.4%+0.8%
Q3 2024+3.4%+2.1%+11.7%
Q1 2024+7.1%+4.9%+14.7%
Q4 2023+4.6%+2.6%-4.1%
Q3 2023-1.7%-2.2%-4.4%
Q2 2023+7.3%+9.7%+19.8%
Q1 2023+4.7%+6.0%+10.7%
Q4 2022-4.1%-0.2%+0.4%
Q3 2022-3.1%-6.4%-7.2%
Q2 2022+0.4%-0.6%-2.8%
Q1 2022+2.5%+3.3%+0.9%
Q4 2021-2.0%-2.2%+3.5%
Q3 2021+0.2%+0.6%+6.1%
Q2 2021+5.4%+8.1%+16.1%
Q1 2021+5.5%+11.8%+22.6%
Q4 2020-2.8%-0.4%-1.0%
Q3 2020-7.0%-8.8%-6.7%
Q2 2020+1.4%+0.8%-10.1%
Q1 2020+1.9%+2.7%+0.3%
Q4 2019+2.4%+3.7%-3.2%
Q3 2019-2.1%-0.2%-2.8%
Q2 2019+1.2%+0.4%+2.1%
Q1 2019+2.8%+3.9%+0.8%
Q4 2018+0.9%+2.8%+3.9%
Q3 2018-2.6%-1.7%+0.7%
Q2 2018-1.7%+0.0%+0.4%
Q1 2018+0.4%+1.3%+2.5%
Q4 2017-2.9%-1.2%-4.9%
Q3 2017-2.2%-2.0%-2.0%
Q2 2017-1.2%-2.9%-0.4%
Q1 2017+2.5%+1.8%+31.3%
Q4 2016-0.9%-0.3%+4.3%
Q3 2016+2.4%
Q2 2016-0.8%
Q1 2016-5.3%
Q4 2015-0.5%
Q3 2015-2.2%
Q2 2015-0.6%
Q1 2015+1.1%
Q4 2014-1.0%
Q3 2014-0.1%
Q2 2014-0.9%
Q1 2014-0.2%
Q4 2013-3.3%
Q3 2013+0.2%
Q2 2013+3.7%
Q1 2013-0.4%
Q3 2012+1.6%
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2010
Q4 2010

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