HomeTrust Bancshares, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended December 31, 2013
January 28, 2014 at 09:15 pm
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HomeTrust Bancshares, Inc. announced earnings results for the second quarter and six months ended December 31, 2013. For the quarter, the company reported net interest income of $13,882,000 against $13,577,000 a year ago. Income before income taxes was $3,482,000 against $2,749,000 a year ago. Net income was $2,876,000 or $0.15 per basic and diluted share against $2,268,000 or $0.11 per basic and diluted share a year ago. Return on assets (ratio of net income to average total assets) was 0.70% against 0.57% a year ago. Return on equity (ratio of net income to average equity) was 3.18% against 2.43% a year ago.
For the six months, the company reported net interest income of $27,179,000 against $27,096,000 a year ago. Income before income taxes was $9,475,000 against $3,718,000 a year ago. Net income was $6,203,000 or $0.32 per basic and diluted share against $3,420,000 or $0.17 per basic and diluted share a year ago. Return on assets (ratio of net income to average total assets) was 0.75% against 0.42% a year ago. Return on equity (ratio of net income to average equity) was 3.40% against 1.90% a year ago. As at December 31, 2013, book value per share was $18.10 against $17.67 a year ago. As at December 31, 2013, tangible book value per share was $17.94 against $17.67 a year ago.
HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank (the Bank). The Bank is a state-chartered, community-focused financial institution committed to providing value-added relationship banking with over 30 locations, as well as online/mobile channels. Its principal business consists of attracting deposits from the general public and investing those funds, along with borrowed funds, in commercial real estate loans, construction and development loans, commercial and industrial loans, equipment finance leases, municipal leases, loans secured by first and second mortgages on one-to-four family residences, including home equity loans and other consumer loans. It also originates one-to-four family loans, SBA loans and HELOCs to sell to third parties. It invests in debt securities issued by United States Government agencies and GSEs, municipal bonds, corporate bonds, commercial paper and certificates of deposit insured by the Federal Deposit Insurance Corporation.