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Sep 30, 2023
Hometrust Q1 2024 Earnings Report
Reported strong financial results with net income of $14.8 million and EPS of $0.88, despite a challenging interest rate environment.
Key Takeaways
HomeTrust Bancshares reported a decrease in net income to $14.8 million and EPS to $0.88 for the quarter ended September 30, 2023. The results were impacted by an increase in the provision for credit losses and a decrease in net interest income, offset by an increase in noninterest income and a decrease in noninterest expense. The company's net interest margin remains in the top quartile despite funding pressure.
Net income decreased slightly to $14.8 million, with EPS at $0.88.
Net interest margin remained strong despite industry-wide funding pressures.
Credit quality metrics remained strong compared to the industry and historical periods.
The Board of Directors declared a quarterly cash dividend of $0.11 per common share, a 10% increase.
Hometrust
Hometrust
Forward Guidance
The press release does not contain specific forward guidance. It focuses on the current quarter's results and strategic decisions.