ASHEVILLE, N.C., Jan. 22, 2026 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (NYSE: HTB) ("Company"), the holding company of HomeTrust Bank ("Bank"), today announced preliminary net income for the fourth quarter of the year ended December 31, 2025 and approval of its quarterly cash dividend.
For the quarter ended December 31, 2025 compared to the quarter ended September 30, 2025:
-- net income was $16.1 million compared to $16.5 million;
-- diluted earnings per share ("EPS") were $0.93 compared to $0.95;
-- annualized return on assets ("ROA") was 1.44% compared to 1.48%;
-- annualized return on equity ("ROE") was 10.63% compared to 11.10%;
-- net interest margin was 4.20% compared to 4.31%;
-- provision for credit losses was $2.1 million compared to $2.0 million;
-- tax free bank owned life insurance ("BOLI") death benefit proceeds in
excess of cash surrender value was $92,000 compared to $0;
-- quarterly cash dividends increased $0.01 per share, or 8.3%, to $0.13 per
share totaling $2.2 million compared to $0.12 per share totaling $2.1
million; and
-- 241,201 shares of Company common stock were repurchased during the
current quarter at an average price of $42.19 compared to none in the
prior quarter.
For the year ended December 31, 2025 compared to the year ended December 31, 2024:
-- net income was $64.4 million compared to $54.8 million;
-- diluted EPS was $3.72 compared to $3.20;
-- ROA was 1.46% compared to 1.23%;
-- ROE was 11.06% compared to 10.37%;
-- net interest margin was 4.25% compared to 4.07%;
-- provision for credit losses was $6.9 million compared to $7.5 million;
-- gain on the sale of our two Knoxville, Tennessee branches was $1.4
million compared to $0;
-- tax free BOLI death benefit proceeds in excess of cash surrender value of
$92,000 compared to $1.1 million;
-- cash dividends of $0.49 per share totaling $8.4 million compared to $0.45
per share totaling $7.7 million; and
-- 334,413 shares of Company common stock were repurchased during the
current year at an average price was $40.30 compared to 23,483 shares
repurchased at an average price of $27.48 in the prior year.
The Company also announced today that its Board of Directors declared a quarterly cash dividend of $0.13 per common share payable on February 26, 2026 to shareholders of record as of the close of business on February 18, 2026.
"Fiscal year 2025 ended with another quarter of strong financial performance," said Hunter Westbrook, President and Chief Executive Officer. "For the second consecutive year, we delivered 11% growth in our tangible book value per share -- driven by our top quartile net interest margin of 4.25%, strong gains on the sale of loans, and continued expense discipline. With our robust capital base and clear strategic vision, we are poised to accelerate loan growth in 2026.
"As previously announced, HomeTrust was once again recognized as one of the 2025 America's Top 100 Most Loved Workplaces by the Best Practice Institute, a 2025 Best Bank to Work For by American Banker, and one of the 2026 America's Best Workplaces by Best Companies Group. These recognitions affirm the culture we've built -- one rooted in empowering teammates, strengthening communities and cultivating a workplace where belonging fuels excellence -- so we can make a lasting difference together. Our culture is the engine behind the momentum, and the reason HomeTrust continues to be a consistently high-performing community bank."
WEBSITE: WWW.HTB.COM
Comparison of Results of Operations for the Three Months Ended December 31, 2025 and September 30, 2025
Net Income. Net income totaled $16.1 million, or $0.93 per diluted share, for the three months ended December 31, 2025 compared to $16.5 million, or $0.95 per diluted share, for the three months ended September 30, 2025, a decrease of $367,000, or 2.2%. The results for the three months ended December 31, 2025 compared to the quarter ended September 30, 2025 were impacted by a $1.2 million decrease in net interest income, partially offset by a $645,000 increase in noninterest income. Details of the changes in the various components of net income are further discussed below.
Net Interest Income. The following table presents the distribution of average assets, liabilities and equity, as well as interest income earned on average interest-earning assets and interest expense paid on average interest-bearing liabilities. All average balances are daily average balances. Nonaccruing loans have been included in the table as loans carrying a zero yield.
Three Months Ended
December 31, 2025 September 30, 2025
---------------------------------- ----------------------------------
Average Interest Average Interest
Balance Earned / Yield / Balance Earned / Yield /
(Dollars in thousands) Outstanding Paid Rate Outstanding Paid Rate
Assets
Interest-earning assets
Loans receivable(1) $3,809,902 $ 59,597 6.21% $3,876,200 $ 61,749 6.32%
Debt securities
available for sale 147,247 1,599 4.31 146,374 1,662 4.50
Other
interest-earning
assets(2) 223,267 2,271 4.04 152,130 1,984 5.17
--------- ------- ---- --------- ------- ----
Total
interest-earning
assets 4,180,416 63,467 6.02 4,174,704 65,395 6.21
------- ---- ------- ----
Other assets 255,547 256,449
--------- ---------
Total assets $4,435,963 $4,431,153
========= =========
Liabilities and equity
Interest-bearing
liabilities
Interest-bearing
checking accounts $ 540,889 $ 1,013 0.74% $ 544,229 $ 1,081 0.79%
Money market accounts 1,361,620 9,192 2.68 1,330,856 9,276 2.77
Savings accounts 171,803 30 0.07 176,660 31 0.07
Certificate accounts 926,678 8,674 3.71 932,361 9,086 3.87
--------- ------- ---- --------- ------- ----
Total
interest-bearing
deposits 3,000,990 18,909 2.50 2,984,106 19,474 2.59
Junior subordinated
debt 10,204 199 7.74 10,179 207 8.07
Borrowings 10,152 146 5.71 28,716 325 4.49
--------- ------- ---- --------- ------- ----
Total
interest-bearing
liabilities 3,021,346 19,254 2.53 3,023,001 20,006 2.63
------- ---- ------- ----
Noninterest-bearing
deposits 751,864 757,828
Other liabilities 61,085 60,692
--------- ---------
Total liabilities 3,834,295 3,841,521
Stockholders' equity 601,668 589,632
--------- ---------
Total liabilities and
stockholders'
equity $4,435,963 $4,431,153
Net earning assets $1,159,070 $1,151,703
========= =========
Average
interest-earning
assets to average
interest-bearing
liabilities 138.36% 138.10%
Non-tax-equivalent
-------- --------
Net interest income $ 44,213 $ 45,389
======= =======
Interest rate spread 3.49% 3.58%
Net interest
margin(3) 4.20% 4.31%
Tax-equivalent(4)
-------- --------
Net interest income $ 44,661 $ 45,829
======= =======
Interest rate spread 3.54% 3.63%
Net interest
margin(3) 4.24% 4.36%
(1) Average loans receivable balances include loans held for sale and nonaccruing loans.
(2) Average other interest-earning assets consist of FRB stock, FHLB stock, SBIC investments and deposits in other banks.
(3) Net interest income divided by average interest-earning assets.
(4) Tax-equivalent results include adjustments to interest income of $448 and $440 for the three months ended December 31, 2025 and September 30, 2025, respectively, calculated based on a combined federal and state tax rate of 24%.
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