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Jun 30, 2020
Hometrust Q4 2020 Earnings Report
Net income decreased due to COVID-19 impact and lower interest rates.
Key Takeaways
HomeTrust Bancshares reported a decrease in net income for Q4 2020 compared to the previous year, primarily due to a significant increase in the provision for loan losses related to the COVID-19 pandemic and a decrease in net interest margin. However, noninterest income increased.
Net income was $3.6 million, compared to $8.0 million in the corresponding quarter of the previous year.
Diluted earnings per share (EPS) was $0.22, compared to $0.44.
Noninterest income increased $377,000, or 5.5% to $7.2 million from $6.8 million.
Provision for loan losses was $2.7 million, compared to $200,000.
Hometrust
Hometrust
Hometrust Revenue by Segment
Revenue by Segment
Service charges Revenue
CapyFin.comGain on sale of loans Revenue
CapyFin.comBOLI income Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
HomeTrust Bancshares enters fiscal year 2021 with confidence in managing through the impacts of the pandemic and continuing to mature new lines of business to achieve financial results that create shareholder value.
Positive Outlook
- Energy
- Enthusiasm
- Confidence in managing through the impacts of the pandemic
- Continuing to mature all of our new lines of business
- Achieve financial results that create shareholder value
Challenges Ahead
- Impacts of the pandemic
Revenue & Expenses
Visualization of income flow from segment revenue to net income