HomeTrust Bancshares, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2023
July 26, 2023 at 08:30 am EDT
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HomeTrust Bancshares, Inc. reported earnings results for the fourth quarter and full year ended June 30, 2023. For the fourth quarter, the company reported net interest income was USD 43.9 million. Net income was USD 15.01 million. Basic earnings per share from continuing operations was USD 0.91. Diluted earnings per share from continuing operations was USD 0.9.
For the full year, net interest income was USD 157.42 million compared to USD 110.77 million a year ago. Net income was USD 44.6 million compared to USD 35.65 million a year ago. Basic earnings per share from continuing operations was USD 2.82 compared to USD 2.27 a year ago. Diluted earnings per share from continuing operations was USD 2.8 compared to USD 2.23 a year ago.
HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank (the Bank). The Bank is a state-chartered, community-focused financial institution committed to providing value-added relationship banking with over 30 locations, as well as online/mobile channels. Its principal business consists of attracting deposits from the general public and investing those funds, along with borrowed funds, in commercial real estate loans, construction and development loans, commercial and industrial loans, equipment finance leases, municipal leases, loans secured by first and second mortgages on one-to-four family residences, including home equity loans and other consumer loans. It also originates one-to-four family loans, SBA loans and HELOCs to sell to third parties. It invests in debt securities issued by United States Government agencies and GSEs, municipal bonds, corporate bonds, commercial paper and certificates of deposit insured by the Federal Deposit Insurance Corporation.