NYSE$HTB

Hometrust Bancshares Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Net income increased due to a decrease in provision for credit losses and merger-related expenses, and an increase in net interest income.

HomeTrust Bancshares reported a strong fourth quarter with increased net income and EPS, driven by growth in net interest income and a decrease in the provision for credit losses. The merger with Quantum Capital Corp. positively impacted the results.

  • Net income increased to $15.0 million, or $0.90 per diluted share, compared to $6.7 million, or $0.40 per diluted share, for the quarter ended March 31, 2023.
  • Net interest income rose to $43.9 million compared to $41.5 million in the previous quarter.
  • Provision for credit losses decreased significantly to $405,000 from $8.8 million.
  • The merger with Quantum Capital Corp had a positive impact on the financial results.

Headline financials

Total Revenue

$50.8M

Previous: $38.6M+31.7%
EPS (adj)

$0.90

Previous: $0.39+130.8%
Return on Assets

1.4%

No prior period
Return on Equity

12.8%

No prior period
Net Interest Margin

4.3%

No prior period
Capital Expenditures

$180K

Previous: $565K-68.1%
Free Cash Flow

-$63.5M

Previous: -$4.01M-1482.7%
Net Income

$15M

Previous: $6M+150.2%
Operating Income

$19.5M

No prior period
Gross Profit

$43.9M

No prior period
Cash & Equivalents

$303M

Previous: $105M+188.7%
Total Assets

$4.61B

Previous: $3.55B+29.8%
Stock-Based Comp

-$642K

No prior period

Revenue & EPS history

Hometrust · Revenue · Quarterly

$50.8M

Q4 2023+31.7%vs Q4 2022
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 company's focus remains on prudent loan portfolio growth and managing liquidity changes. They also anticipate additional costs related to moving the fiscal year end to December 31st, but believe the benefits outweigh the expenses.

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 2023

Historical avgQ4 2023

+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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