HomeTrust Bancshares Reports $14.5 Million Net Income for Quarter Ending March 31, 2025

HomeTrust Bancshares, Inc. reported a net income of $14.5 million for the quarter ending March 31, 2025, reflecting a slight increase from $14.2 million in the previous quarter. This translates to earnings per share of $0.84, up from $0.83. The company's net interest income was $42.9 million, a decrease from $43.2 million in the prior quarter, while the provision for credit losses rose to $1.5 million from a benefit of $855,000. The annualized return on assets (ROA) improved to 1.33% from 1.27%, and the return on equity (ROE) increased to 10.52% from 10.32%.

In terms of financial position, total assets decreased by $37.4 million to $4.6 billion, while total liabilities fell by $51.1 million to $4.0 billion. The decline in assets was attributed to the use of loan sale proceeds and a $61.5 million increase in customer deposits, which helped pay down brokered deposits and borrowings. Cash and cash equivalents rose by $20.6 million to $299.8 million, and loans held for sale decreased by 25.6% to $153.3 million, primarily due to a significant drop in home equity lines of credit (HELOCs) held for sale.

HomeTrust's strategic developments included the ongoing integration of its merger with Quantum Capital Corp., which was completed in February 2023. The company has also been focusing on expanding its geographic footprint, with over 30 locations across Georgia, North Carolina, South Carolina, Tennessee, and Virginia. The bank's total loans increased slightly to $3.6 billion, with notable growth in commercial and industrial loans, which rose by 10% to $349.1 million.

Operationally, the bank's noninterest income decreased by 2.6% to $8.0 million, driven by a decline in service charges and fees on deposit accounts. However, gains on the sale of loans held for sale increased significantly, primarily due to the sale of HELOCs. The bank's noninterest expenses decreased by 9% to $31.0 million, largely due to reduced computer services costs following a renegotiation of a major contract. The allowance for credit losses on loans was $44.7 million, or 1.23% of total loans, slightly down from $45.3 million at the end of the previous quarter.

Looking ahead, HomeTrust Bancshares remains focused on maintaining its capital position, with both the company and its bank subsidiary classified as "well-capitalized" under regulatory standards. The bank's management is optimistic about its ability to navigate market conditions and continue to grow its loan portfolio while managing credit risk effectively. The company plans to maintain its dividend at $0.12 per share, reflecting its commitment to returning value to shareholders while supporting ongoing growth initiatives.