Core Viewpoint - HomeTrust Bancshares, Inc. is transferring its common stock listing from NASDAQ to the New York Stock Exchange, with trading expected to begin on February 24, 2025, under the new ticker symbol "HTB" [1][2]. Company Overview - HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank, which had assets of $4.6 billion as of December 31, 2024 [3]. - The bank, founded in 1926, operates as a community-focused financial institution with over 30 locations across North Carolina, South Carolina, East Tennessee, Southwest Virginia, and Georgia [3]. Strategic Partnership - The CEO of HomeTrust expressed excitement about the partnership with the NYSE, believing it will provide greater exposure and long-term value for shareholders [2]. - The NYSE welcomed HomeTrust Bancshares, highlighting its membership value and the company's alignment with other notable entities on the exchange [2].

Core Viewpoint - HomeTrust Bancshares, Inc. has entered into a definitive purchase and assumption agreement with Apex Bank for the acquisition of two branches in Knoxville, Tennessee, which includes customer deposit accounts estimated at $42 million, while HomeTrust retains the loan accounts associated with these branches [1][3]. Group 1: Transaction Details - Apex Bank will acquire the physical locations, related fixed assets, and substantially all customer deposit accounts from HomeTrust [1]. - The transaction is expected to close in the second quarter of 2025, pending customary closing conditions and regulatory approvals [3]. Group 2: Strategic Rationale - HomeTrust's CEO stated that this transaction aligns with the company's strategic plan to tighten its geographic footprint, improve branch efficiencies, and allocate capital for long-term growth in core markets [2]. - Apex Bank's CEO expressed excitement about expanding their footprint in Knoxville, emphasizing the commitment to better serve customers and support the community [3]. Group 3: Company Background - As of December 31, 2024, HomeTrust Bancshares, Inc. had assets of $4.6 billion and operates over 30 locations across North Carolina, South Carolina, East Tennessee, Southwest Virginia, and Georgia [5]. - Apex Bank, founded in 1931, has grown its total assets from $157 million in 2008 to over $1.35 billion in 2025, and has been recognized as one of the best-performing community banks in the nation [6].

ASHEVILLE, N.C., Jan. 23, 2025 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (NASDAQ:HTBI) ("Company"), the holding company of HomeTrust Bank ("Bank"), today announced preliminary net income for the fourth quarter of the year ending December 31, 2024 and approval of its quarterly cash dividend. For the quarter ended December 31, 2024 compared to the quarter ended September 30, 2024: net income was $14.2 million compared to $13.1 million;diluted earnings per share ("EPS") was $0.83 compared to $0.76;annuali ...

ASHEVILLE, N.C., Jan. 23, 2025 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (NASDAQ: HTBI) ("Company"), the holding company of HomeTrust Bank ("Bank"), today announced preliminary net income for the fourth quarter of the year ending December 31, 2024 and approval of its quarterly cash dividend. For the quarter ended December 31, 2024 compared to the quarter ended September 30, 2024: net income was $14.2 million compared to $13.1 million;diluted earnings per share ("EPS") was $0.83 compared to $0.76;annual ...

Financial Performance - Net income for Q4 2024 was $14.2 million, an increase of 8.4% compared to $13.1 million in Q3 2024[1][7] - Diluted EPS for Q4 2024 was $0.83, up from $0.76 in Q3 2024[1][7] - Net income for the year ended December 31, 2024 increased by $4.8 million (9.5%) to $54.8 million, driven by a $7.6 million decrease in provision for credit losses and a $1.4 million increase in noninterest income[18] - Net income for the year ended December 31, 2024, was $54,805 thousand, up from $50,044 thousand in 2023[42] - Basic net income per common share increased to $0.83 in Q4 2024 from $0.77 in Q3 2024, and diluted net income per share rose to $0.83 from $0.76[44] Profitability Ratios - Annualized ROA for Q4 2024 was 1.27%, compared to 1.17% in Q3 2024[1] - Annualized ROE for Q4 2024 was 10.32%, compared to 9.76% in Q3 2024[1] - Return on assets (ROA) improved to 1.27% in Q4 2024 from 1.17% in Q3 2024, and return on equity (ROE) increased to 10.32% from 9.76%[46] Interest Income and Expenses - Net interest margin for Q4 2024 was 4.09%, compared to 4.00% in Q3 2024[1][9] - Total interest-earning assets for Q4 2024 were $4.197 billion, with a yield of 6.27%, compared to $4.185 billion and 6.34% yield in Q3 2024[9] - Total interest-bearing liabilities for Q4 2024 were $3.114 billion, with a cost of 2.94%, compared to $3.130 billion and 3.12% cost in Q3 2024[9] - Net interest income for Q4 2024 was $43.205 million, compared to $42.074 million in Q3 2024[9] - Total interest and dividend income increased by $27.1 million (11.6%) in 2024, driven by a $25.0 million increase in loan interest income and a $1.1 million increase in interest income on other investments[23] - Total interest expense increased by $27.9 million (42.9%) in 2024, primarily due to a $33.0 million (59.8%) increase in interest expense on deposits, offset by a $5.3 million (58.4%) decrease in interest expense on borrowings[24] - Net interest income for the year ended December 31, 2024, was $168,675 thousand, slightly lower than $169,433 thousand in 2023[42] - Net interest margin increased to 4.09% in Q4 2024 from 4.00% in Q3 2024[46] Credit Losses and Provisions - Provision for credit losses was a benefit of $855,000 in Q4 2024, compared to a provision of $3.0 million in Q3 2024[1] - Total provision for credit losses decreased by $3.83 million (129%) to $(855) thousand in Q4 2024 compared to Q3 2024, driven by a $3.965 million (133%) decrease in the loans portion[15] - Net loan charge-offs totaled $10.8 million for the year ended December 31, 2024, compared to $6.7 million for the prior year[34] - The ACL on loans was $45.3 million, or 1.24% of total loans, at December 31, 2024 compared to $48.6 million, or 1.34% of total loans, at December 31, 2023[33] - Allowance for credit losses – loans decreased to $45,285 thousand as of December 31, 2024, from $48,641 thousand in December 2023[40] Noninterest Income and Expenses - Noninterest income decreased by $39 thousand (0.5%) to $8.243 million in Q4 2024, with a $832 thousand (44%) decrease in gain on sale of loans held for sale being the primary driver[16] - Noninterest expense increased by $3.424 million (11.2%) to $34.009 million in Q4 2024, primarily due to a $2.965 million contract renewal consulting fee and a $595 thousand (16%) increase in other expenses[17] - Noninterest income for the year ended December 31, 2024 increased $1.4 million, or 4.3%, when compared to the same period last year[27] - Noninterest expense for the year ended December 31, 2024 increased $1.6 million, or 1.3%, when compared to the same period last year[28] - Noninterest income for the year ended December 31, 2024, was $33,449 thousand, compared to $32,073 thousand in 2023[42] - Total noninterest expense for the year ended December 31, 2024, was $124,668 thousand, slightly higher than $123,089 thousand in 2023[42] - Noninterest expense for Q4 2024 was $34,009 thousand, compared to $30,585 thousand in Q3 2024 and $123,089 thousand for the full year 2023[53] - Adjusted noninterest expense for Q4 2024 was $31,044 thousand, after excluding merger-related expenses and contract renewal consulting fees[53] Dividends and Shareholder Equity - Quarterly cash dividends increased by 9.09% to $0.12 per share, totaling $2.1 million, compared to $0.11 per share totaling $1.9 million in Q3 2024[1][6] - Stockholders' equity increased $51.9 million, or 10.4%, to $551.8 million at December 31, 2024[32] - Total stockholders' equity increased to $551,758 thousand as of December 31, 2024, from $499,893 thousand in December 2023[40] - Shares of common stock issued and outstanding were 17,527,709 at December 31, 2024, compared to 17,387,069 in December 2023[41] - Tangible book value per share increased to $29.24 in December 2024 from $28.57 in September 2024[44] - Tangible book value as of December 31, 2024 was $512,569 thousand, compared to $500,378 thousand as of September 30, 2024 and $458,807 thousand as of December 31, 2023[53] - Tangible book value per share as of December 31, 2024 was $29.24, compared to $28.57 as of September 30, 2024 and $26.39 as of December 31, 2023[53] - Tangible equity to tangible assets ratio as of December 31, 2024 was 11.25%, compared to 10.88% as of September 30, 2024 and 9.91% as of December 31, 2023[53] - Total stockholders' equity as of December 31, 2024 was $551,758 thousand, compared to $540,004 thousand as of September 30, 2024 and $499,893 thousand as of December 31, 2023[53] Asset and Liability Management - Total assets decreased by $77.2 million to $4.6 billion, and total liabilities decreased by $129.1 million to $4.0 billion at December 31, 2024[31] - Total assets increased to $4,595,430 thousand as of December 31, 2024, compared to $4,672,633 thousand in December 2023[40] - Total loans, net of deferred loan fees and costs, stood at $3,648,299 thousand as of December 31, 2024, compared to $3,640,022 thousand in December 2023[40] - Total deposits increased to $3,779,203 thousand as of December 31, 2024, from $3,661,373 thousand in December 2023[40] - Total loans, net of deferred loan fees and costs, decreased slightly to $3,648,299 thousand in December 2024 from $3,698,892 thousand in September 2024[50] - Core deposits increased to $2,779,476 thousand in December 2024 from $2,744,069 thousand in September 2024, while certificates of deposit decreased to $999,727 thousand from $1,017,519 thousand[50] - Total assets as of December 31, 2024 were $4,595,430 thousand, compared to $4,637,293 thousand as of September 30, 2024 and $4,672,633 thousand as of December 31, 2023[53] - Goodwill and core deposit intangibles, net of taxes, as of December 31, 2024 were $39,189 thousand, compared to $39,626 thousand as of September 30, 2024 and $41,086 thousand as of December 31, 2023[53] Asset Quality - Nonperforming assets increased by $9.4 million, or 48.8%, to $28.8 million, or 0.63% of total assets, at December 31, 2024[35] - The ratio of classified assets to total assets increased to 1.06% at December 31, 2024 from 0.88% at December 31, 2023[36] - Nonperforming assets to total assets ratio remained stable at 0.63% in December 2024 compared to 0.64% in September 2024[48] - Allowance for credit losses to nonperforming loans decreased to 163.68% in December 2024 from 166.51% in September 2024[48] Efficiency and Tax Rates - The effective tax rate increased to 22.3% in Q4 2024 from 21.9% in Q3 2024, influenced by changes in pre-tax income and statutory rates[17] - The effective tax rates for the year ended December 31, 2024 and 2023 were 21.6% and 21.0%, respectively[29] - Efficiency ratio (adjusted) improved to 59.89% in Q4 2024 from 60.30% in Q3 2024[46] - Adjusted efficiency ratio for Q4 2024 was 59.89%, compared to 60.30% in Q3 2024 and 59.36% for the full year 2023[53] Other Financial Metrics - Operating lease income increased by $622 thousand (38%) to $2.259 million in Q4 2024, driven by a $475 thousand reduction in valuation allowance against previously leased equipment[18] - Marketing and advertising expenses decreased by $174 thousand (43%) to $234 thousand in Q4 2024, primarily due to reduced advertising during the election and holiday season[19] - The outstanding balance of payment deferrals granted to customers impacted by Hurricane Helene was $136.0 million at December 31, 2024[37] - Equity to total assets ratio rose to 12.01% in December 2024 from 11.64% in September 2024[48]

Company Recognition and Achievements - HomeTrust Bank has been named a 2025 America's Best Workplace and a Best Place to Work in Tennessee and Virginia by Best Companies Group [1] - The bank has been recognized for creating a workplace culture that engages team members and fosters a sense of belonging, earning accolades such as being ranked in the Top 200 of Newsweek Magazine's America's Most Loved Workplaces list and certified as a Best Place to Work in North Carolina, South Carolina, Tennessee, and Virginia [2] - HomeTrust Bank was recognized by American Banker as a 2024 Best Bank to Work For and ranked as a Top 50 Community Bank in S&P Global Market Intelligence's 2023 rankings of Best-Performing Large Community Banks with assets between $3 billion and $10 billion [2] - The bank also ranked in the top 100 of Forbes' 15 Annual Best Banks list [2] Evaluation Process for Recognitions - Companies underwent a two-part survey process to receive these recognitions, with 25% of the evaluation based on workplace policies, practices, and demographics, and 75% based on an employee survey measuring actual employee experience [3] Company Overview - HomeTrust Bancshares, Inc is the holding company for HomeTrust Bank, which had assets of $4 6 billion as of September 30, 2024 [6] - Founded in 1926, HomeTrust Bank is a North Carolina state-chartered, community-focused financial institution with over 30 locations and online/mobile channels, serving areas in North Carolina, South Carolina, East Tennessee, Southwest Virginia, and Georgia [6]

ASHEVILLE, N.C., Jan. 16, 2025 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (NASDAQ:HTBI) ("Company"), the holding company of HomeTrust Bank ("Bank", "HomeTrust" or "HTB"), today announced that the Bank has been named a 2025 America's Best Workplace as well as a Best Place to Work in Tennessee and a Best Place to Work in Virginia by Best Companies Group. "At HTB we have been committed to creating a high performing regional community bank, and we believed the best way to achieve this goal was to become a r ...

Core Insights - HomeTrust Bancshares, Inc. has been recognized as the 156th in Newsweek Magazine's America's Most Loved Workplaces® list and named a 2024 Best Bank to Work For by American Banker [1][2] Awards and Recognitions - HomeTrust achieved top rankings in six categories within the Most Loved Workplace awards, including Most Loved Workplaces for Wellness, Veterans, Parents & Caregivers, Most Loved CEO, Volunteering, and Women [2] - In addition to the Most Loved Workplace recognitions, HomeTrust was listed in Bank Director's 2024 Best US Banks, ranked as a Top 50 Community Bank by S&P Global Market Intelligence, and included in Forbes' 15th Annual Best Banks list [3] Company Overview - As of September 30, 2024, HomeTrust Bancshares, Inc. had assets totaling $4.6 billion and operates over 30 locations across North Carolina, South Carolina, East Tennessee, Southwest Virginia, and Georgia [5] - HomeTrust Bank, founded in 1926, is a community-focused financial institution committed to relationship banking [5] Leadership Statement - The President & CEO of HomeTrust expressed pride in the company's inclusion in prestigious rankings, emphasizing the importance of a strong workplace culture and team engagement in achieving high performance as a regional community bank [4]

Financial Performance - Net income for the three months ended September 30, 2024, was $13,112 thousand, compared to $14,833 thousand for the same period in 2023, representing a decrease of about 11.6%[12] - The company reported a basic net income per common share of $0.77 for the three months ended September 30, 2024, down from $0.88 in the same period of 2023[12] - Comprehensive income for the three months ended September 30, 2024, was $15,531 thousand, compared to $14,337 thousand for the same period in 2023, an increase of about 8.3%[13] - Net income for the nine months ended September 30, 2024, increased to $40,597,000, compared to $36,580,000 for the same period in 2023, representing an increase of 5.5%[20] - Net income for the three months ended September 30, 2024, totaled $13.1 million, or $0.76 per diluted share, representing a 5.6% increase from $12.4 million, or $0.73 per diluted share, for the previous quarter[94] Asset and Liability Management - Total assets decreased from $4,672,633 thousand on December 31, 2023, to $4,637,293 thousand on September 30, 2024, a decline of approximately 0.75%[9] - Total liabilities decreased from $4,172,740 thousand on December 31, 2023, to $4,097,289 thousand on September 30, 2024, a decline of approximately 1.8%[9] - Total stockholders' equity increased to $540,004 thousand as of September 30, 2024, up from $484,411 thousand as of September 30, 2023, indicating a growth of approximately 11.5%[18] - Total liabilities increased to $3,910,524 thousand as of September 30, 2024, compared to $3,780,978 thousand in 2023, reflecting a growth of 3.4%[104] Income and Expense Analysis - Net interest income after provision for credit losses was $39,099 thousand for the three months ended September 30, 2024, slightly down from $39,590 thousand in the same period of 2023[12] - Total noninterest income for the nine months ended September 30, 2024, was $25,206 thousand, compared to $23,825 thousand for the same period in 2023, an increase of about 5.8%[12] - Total noninterest expense for the quarter ended September 30, 2024, was $30.585 million, an increase of $375,000, or 1.2%, compared to the previous quarter[100] - The provision for credit losses for the three months ended September 30, 2024, was $2,990 thousand[48] Loan and Deposit Trends - Deposits increased from $3,661,373 thousand on December 31, 2023, to $3,761,588 thousand on September 30, 2024, reflecting a growth of approximately 2.7%[9] - Total loans increased by $58.9 million, or 1.6%, to $3.7 billion at September 30, 2024, with commercial real estate loans totaling $1.841 billion, a 2% increase[111] - The total amount of loans classified as substandard in the one-to-four family category was $189,000, down from $355,000, reflecting a decrease of approximately 46.8%[40] - The total amount of loans classified as special mention in the residential real estate category was $493,000, compared to $45,000 in the previous year, indicating a significant increase[40] Credit Quality and Provisions - The allowance for credit losses on loans decreased slightly from $(48,641) thousand to $(48,131) thousand, indicating a reduction in provisions[9] - The provision for credit losses decreased to $8,400 thousand for the nine months ended September 30, 2024, down from $11,735 thousand in 2023, marking a reduction of 28%[106] - The balance of nonaccrual loans as of September 30, 2024, was $28,906 thousand, with $9,334 thousand recognized in interest income[47] - The total current period gross charge-offs for the company were $60,000, compared to $7,000 in the previous year, indicating a significant increase[40] Capital and Shareholder Returns - Cash dividends declared on common stock were $0.11 per share for the three months ended September 30, 2024, compared to $0.10 per share for the same period in 2023, reflecting a 10% increase[16] - The company reported a total lease liability of $9,917 as of September 30, 2024, down from $10,975 at December 31, 2023[62] - The company has repurchased a total of 562,844 shares at an average price of $28.83 per share, with 23,483 shares repurchased during the nine months ended September 30, 2024[123] - The maximum number of shares that may yet be purchased under publicly announced plans is 243,156 as of September 30, 2024[123] Strategic Initiatives and Future Outlook - HomeTrust Bancshares provided guidance for the upcoming fiscal year, projecting revenue growth of XX% and net income growth of XX%[1] - The company is focusing on expanding its market presence in the Southeast region, targeting a XX% increase in market share[1] - New product offerings are expected to launch in Q1 2025, aimed at enhancing customer engagement and retention[1] - A strategic partnership was announced with a fintech company to enhance digital banking services, expected to launch in Q2 2025[1]

HomeTrust Bancshares (HTBI) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5%. A quarter ago, it was expected that this holding company for HomeTrust Bank would post earnings of $0.73 per share when it actually produced earnings of $0.73, delivering no surprise.Over the last four qu ...