Loading...
•
Sep 30, 2022
Hometrust Q1 2023 Earnings Report
Reported net income of $9.2 million and EPS of $0.60, driven by loan portfolio growth and an increase in net interest income.
Key Takeaways
HomeTrust Bancshares, Inc. reported a net income of $9.2 million for the first quarter of fiscal year 2023, with diluted earnings per share of $0.60. The company experienced loan portfolio growth and an increase in net interest income, which offset a decrease in noninterest income. The Board of Directors also declared a quarterly cash dividend of $0.10 per common share, an 11.1% increase over the previous quarter's dividend.
Net income was $9.2 million, compared to $6.0 million in the previous quarter.
Diluted earnings per share increased to $0.60, up from $0.39 in the previous quarter.
Net interest income rose to $34.5 million, compared to $28.9 million in the previous quarter.
Loan portfolio grew by $98.5 million, representing an annualized growth rate of 14.2%.
Hometrust
Hometrust
Forward Guidance
The company will continue to prudently focus on the asset origination capacity of all its lines of business, while maintaining its credit culture.