HomeTrust Bancshares, Inc. reported a net income of $16.8 million for the quarter ending March 31, 2026, reflecting a 4% increase from $16.1 million in the previous quarter. This translates to earnings per share of $0.99, up from $0.93. The company’s annualized return on assets (ROA) improved to 1.55% from 1.44%, while the return on equity (ROE) rose to 11.35% from 10.63%. The net interest margin also saw an increase, reaching 4.31% compared to 4.20% in the prior quarter. The provision for credit losses significantly decreased to $370,000 from $2.1 million, contributing to the overall positive financial performance.
In terms of operational changes, total assets decreased by $159.3 million to $4.4 billion, and total liabilities fell by $151 million to $3.8 billion. This decline was primarily attributed to a $70.5 million drop in deposits, driven by a reduction in brokered deposits. However, core deposits increased by $45.7 million, indicating a shift in the deposit base. The company also repurchased 533,240 shares of common stock during the quarter at an average price of $42.85, compared to 241,201 shares repurchased at an average price of $42.19 in the previous quarter.
HomeTrust's loan portfolio showed a slight decrease, with loans held for investment totaling $3.5 billion, down $31.6 million from the previous quarter. The company reported a notable reduction in loans held for sale, which decreased by 47.3% to $108.5 million, primarily due to a significant drop in home equity lines of credit (HELOCs) held for sale. The allowance for credit losses on loans was $40.6 million, or 1.14% of total loans, slightly down from 1.16% in the previous quarter.
Looking ahead, HomeTrust Bancshares remains focused on maintaining a strong capital position, with both the company and its bank subsidiary exceeding regulatory capital requirements. The company is committed to a strategy that emphasizes sound lending practices and effective liquidity management. Management anticipates that ongoing economic conditions, including interest rate fluctuations and market dynamics, will continue to influence its financial performance. The company plans to leverage its operational strengths and strategic initiatives to navigate potential challenges in the financial landscape.
About HomeTrust Bancshares, Inc.
HomeTrust Bancshares, Inc. is a Maryland-based holding company for HomeTrust Bank, a community-focused regional bank. It offers deposit accounts and provides commercial real estate, consumer, SBA, and home equity loans. Serving markets across the southeastern U.S., it emphasizes personalized service, community engagement, and a strong corporate culture, operating under federal and state banking regulations to support sustainable growth and financial stability.
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