NYSE$HTB

Hometrust Bancshares Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Net income decreased due to COVID-19 impact and lower interest rates.

HomeTrust Bancshares reported a decrease in net income for Q4 2020 compared to the previous year, primarily due to a significant increase in the provision for loan losses related to the COVID-19 pandemic and a decrease in net interest margin. However, noninterest income increased.

  • Net income was $3.6 million, compared to $8.0 million in the corresponding quarter of the previous year.
  • Diluted earnings per share (EPS) was $0.22, compared to $0.44.
  • Noninterest income increased $377,000, or 5.5% to $7.2 million from $6.8 million.
  • Provision for loan losses was $2.7 million, compared to $200,000.

Headline financials

Total Revenue

$31.9M

Previous: $33.7M-5.4%
EPS (adj)

$0.22

Previous: $0.44-50.0%
Net Interest Margin

2.9%

No prior period
Efficiency Ratio

77.3%

No prior period
Capital Expenditures

$604K

Previous: $1.06M-42.8%
Free Cash Flow

-$26M

Previous: -$2.63M-889.6%
Net Income

$3.6M

Previous: $7.96M-54.8%
Operating Income

$4.56M

No prior period
Gross Profit

$31.5M

Previous: $33.8M-6.9%
Cash & Equivalents

$122M

Previous: $71M+71.2%
Total Assets

$3.72B

Previous: $3.48B+7.1%

Revenue & EPS history

Hometrust · Revenue · Quarterly

$31.9M

Q4 2020-5.4%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
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

HomeTrust Bancshares enters fiscal year 2021 with confidence in managing through the impacts of the pandemic and continuing to mature new lines of business to achieve financial results that create shareholder value.

Tailwinds

  • Energy
  • Enthusiasm
  • Confidence in managing through the impacts of the pandemic
  • Continuing to mature all of our new lines of business
  • Achieve financial results that create shareholder value

Headwinds

  • Impacts of the pandemic

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 Q4 2020

Historical avgQ4 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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