NYSE$HTB

Hometrust Bancshares Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Net income increased due to loan sales and organic growth.

HomeTrust Bancshares reported a strong second quarter of fiscal year 2020, with net income rising by 14.3% to $9.2 million, driven by strategic loan sales and organic net loan growth.

  • Return on assets increased 7.4% to 1.02%.
  • Return on equity increased 13.3% to 8.87%.
  • Noninterest income increased 78.4% to $9.1 million.
  • Gain on sale of SBA loans increased 251.3% to $1.0 million.

Headline financials

Total Revenue

$36.1M

Previous: $32.2M+12.2%
EPS (adj)

$0.52

Previous: $0.43+20.9%
Return on Assets

1.0%

Previous: 0.9%+7.4%
Return on Equity

8.9%

Previous: 7.8%+13.3%
Net Interest Margin

3.3%

Previous: 3.5%-6.8%
Efficiency Ratio

66.6%

No prior period
Capital Expenditures

-$777K

Previous: -$692K-12.3%
Free Cash Flow

$8.41M

Previous: $7.35M+14.5%
Net Income

$9.19M

Previous: $8.04M+14.3%
Operating Income

$21.9M

Previous: $19.7M+11.4%
Gross Profit

$35.7M

Previous: $32.2M+10.9%
Cash & Equivalents

$88.9M

Previous: $71.3M+24.7%
Total Assets

$3.47B

Previous: $3.41B+1.7%

Revenue & EPS history

Hometrust · Revenue · Quarterly

$36.1M

Q2 2020+12.2%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Hometrust · $9.07M total across 5 segments · Q2 2020

  • Loan sales gain
    $3.78M+299.9%
  • Service charges
    $2.61M+1.1%
  • Other income
    $1.31M+75.4%
  • Loan income and fees
    $871K+195.3%
  • BOLI income
    $509K-2.1%

Forward guidance

HomeTrust anticipates improved customer experience and operational efficiencies from core technology conversion.

Tailwinds

  • Core technology system conversion to improve customer experience.
  • Operational efficiencies expected from technology upgrade.
  • Scalability improvements from the new system.
  • Infrastructure strengthening to support growth.
  • Strategic plan execution to increase shareholder value.

Headwinds

  • Industry-wide pressure from the interest rate environment.
  • Increased noninterest expense due to investments in new positions and core system conversion.
  • Potential risks associated with forward-looking statements.
  • Uncertainty in economic conditions and securities markets.
  • Possible legislative and regulatory changes impacting performance.

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 Q2 2020

Historical avgQ2 2020

+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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