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Jun 30, 2024
Hometrust Q4 2024 Earnings Report
Net income decreased due to an increase in the provision for credit losses.
Key Takeaways
HomeTrust Bancshares reported a decrease in net income for the second quarter of 2024, primarily due to an increase in the provision for credit losses. While net interest margin remained strong, noninterest income decreased due to lower BOLI income.
Net income was $12.4 million, a decrease from $15.1 million in the previous quarter.
Diluted earnings per share (EPS) were $0.73, compared to $0.88 in the previous quarter.
Net interest margin was 4.08%, an increase from 4.02% in the previous quarter.
The provision for credit losses increased to $4.3 million, compared to $1.2 million in the previous quarter.