HomeTrust Bancshares(HTBI) - 2026 Q1 - Quarterly Results

Financial Performance - Net income for Q3 2025 was $16.5 million, a decrease of 4.2% from $17.2 million in Q2 2025[6] - Diluted earnings per share (EPS) were $0.95, down from $1.00 in the previous quarter, reflecting a year-over-year growth of 25%[3][6] - Net income for the nine months ended September 30, 2025, increased by $7.6 million, or 18.8%, totaling $48.2 million compared to the same period in 2024[19] - Basic net income per common share for the three months ended September 30, 2025, was $0.96, compared to $2.38 for the same period in 2024, reflecting a decrease of 59.7%[50] Income and Expenses - Total interest and dividend income for Q3 2025 increased by $1.8 million compared to Q2 2025, driven by a $1.3 million increase in loan interest income[10] - Noninterest income for Q3 2025 decreased by $1.4 million, or 13.8%, compared to Q2 2025, totaling $8.75 million[15] - Total interest and dividend income for the nine months ended September 30, 2025, decreased by $2.7 million, or 1.4%, driven by a $4.6 million decrease in interest income on loans[23] - Noninterest expense for Q3 2025 remained stable at $31.27 million, with a slight increase of $11,000 compared to Q2 2025[17] Asset and Liability Management - Total assets decreased by $3,300,000 to $4.6 billion, while total liabilities decreased by $47,400,000 to $4.0 billion as of September 30, 2025[35] - Total liabilities amounted to $3.996 billion as of September 30, 2025, slightly down from $3.998 billion in the previous quarter[47] - Deposits increased to $3.698 billion as of September 30, 2025, from $3.666 billion in the previous quarter[47] Credit Quality - Provision for credit losses increased to $2.0 million from $1.3 million in Q2 2025, marking a 55% increase[13] - Nonperforming assets increased by $4,400,000, or 15.2%, to $33,100,000, or 0.72% of total assets, at September 30, 2025[41] - Classified assets increased by $7,800,000, or 15.9%, to $56,600,000, or 1.23% of total assets, as of September 30, 2025[42] - Net loan charge-offs totaled $6,100,000 for the nine months ended September 30, 2025, down from $8,900,000 for the same period last year[39] Shareholder Value - Cash dividends declared were $0.13 per share, an 8.3% increase from the previous quarter's $0.12 per share[2] - Cash dividends declared per common share for the nine months ended September 30, 2025, were $0.36, up from $0.33 in the same period last year, indicating a commitment to returning value to shareholders[50] - Book value per share at the end of the period was $34.01, an increase from $30.83 a year earlier, reflecting growth in shareholder equity[50] Operational Efficiency - The efficiency ratio for the three months ended September 30, 2025, was 57.75%, an improvement from 60.39% in the same period last year, reflecting better cost management[52] - The adjusted efficiency ratio for the nine months ended September 30, 2025, was 58.69%, compared to 60.41% for the same period in 2024[58] Market Position and Strategy - The company is well-positioned to accelerate loan growth in future quarters due to a solid capital position and improvements in the yield curve[3] - HomeTrust Bancshares, Inc. has been recognized as one of the "Best U.S. Banks" and "America's Best Banks" by various financial institutions[44] - The company aims to continue its strategy of being a high-performing regional community bank while focusing on employee satisfaction and workplace culture[44]