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Dec 31, 2019
Hometrust Q2 2020 Earnings Report
Net income increased due to loan sales and organic growth.
Key Takeaways
HomeTrust Bancshares reported a strong second quarter of fiscal year 2020, with net income rising by 14.3% to $9.2 million, driven by strategic loan sales and organic net loan growth.
Return on assets increased 7.4% to 1.02%.
Return on equity increased 13.3% to 8.87%.
Noninterest income increased 78.4% to $9.1 million.
Gain on sale of SBA loans increased 251.3% to $1.0 million.
Revenue by Segment
Forward Guidance
HomeTrust anticipates improved customer experience and operational efficiencies from core technology conversion.
Positive Outlook
- Core technology system conversion to improve customer experience.
- Operational efficiencies expected from technology upgrade.
- Scalability improvements from the new system.
- Infrastructure strengthening to support growth.
- Strategic plan execution to increase shareholder value.
Challenges Ahead
- Industry-wide pressure from the interest rate environment.
- Increased noninterest expense due to investments in new positions and core system conversion.
- Potential risks associated with forward-looking statements.
- Uncertainty in economic conditions and securities markets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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