Quarterly ResultMay 6, 2026, 04:14 PM
HomeTrust Bancshares Q1 Net Income +15.4% to $16.8M; EPS $0.99
AI Summary
HomeTrust Bancshares reported a strong first quarter for 2026, with net income increasing by 15.4% to $16.8 million and diluted earnings per share rising to $0.99. The improvement was driven by a significant decrease in interest expense and a substantial reduction in the provision for credit losses, alongside robust growth in noninterest income. Total assets and deposits saw a slight decrease compared to the previous quarter, while the company also engaged in common stock repurchases.
Key Highlights
- Net income for Q1 2026 increased 15.4% to $16.77 million from $14.54 million in Q1 2025.
- Diluted EPS rose 17.9% to $0.99 in Q1 2026, up from $0.84 in Q1 2025.
- Net interest income grew 3.3% to $44.31 million in Q1 2026, compared to $42.91 million in Q1 2025.
- Provision for credit losses decreased 76.0% to $0.37 million in Q1 2026 from $1.54 million in Q1 2025.
- Total noninterest income increased 25.0% to $10.03 million in Q1 2026.
- Total assets decreased 3.5% to $4.39 billion at March 31, 2026, from $4.55 billion at December 31, 2025.
- Total deposits decreased 1.9% to $3.64 billion at March 31, 2026, from $3.71 billion at December 31, 2025.
- The company repurchased $23.08 million of common stock during Q1 2026.