HomeTrust Bancshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2016
January 26, 2017 at 09:05 pm
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HomeTrust Bancshares, Inc. reported earnings results for the second quarter and six months ended December 31, 2016. For the quarter, the company reported total interest income of $22.063 million compared to $21.566 million a year ago. Net interest income was $20.415 million compared to $20.150 million a year ago. Income before income taxes was $3.876 million compared to $3.313 million a year ago. Net income was $2.983 million or $0.17 per diluted share compared to $2.449 million or $0.14 per diluted share a year ago. Return on assets was 0.43% compared to 0.36% a year ago. Return on equity was 3.26% compared to 2.7% a year ago. Return on assets – adjusted was 0.43% compared to 0.36% a year ago. Return on equity – adjusted was 3.28% compared to 2.70% a year ago. Book value per share as at December 31, 2016 was $20.43 compared to $19.44 a year ago. Tangible book value per share as at December 31, 2016 was $19.50 compared to $18.47 a year ago. Non-GAAP net income was $3.000 million compared to $2.449 million a year ago. Adjusted net income per diluted share was $0.17 compared to $0.14 a year ago.
For six months, the company reported total interest income of $44.854 million compared to $43.575 million a year ago. Net interest income was $41.552 million compared to $40.721 million a year ago. Income before income taxes was $10.124 million compared to $7.418 million a year ago. Net income was $6.807 million or $0.39 per diluted share compared to $5.013 million or $0.28 per diluted share a year ago. Return on assets was 0.49% compared to 0.36% a year ago. Return on equity was 3.74% compared to 2.73% a year ago. Return on assets – adjusted was 0.53% compared to 0.40% a year ago. Return on equity – adjusted was 4.01% compared to 3.02% a year ago. Non-GAAP net income was $7.295 million compared to $5.539 million a year ago. Adjusted net income per diluted share was $0.42 compared to $0.31 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.