From GlobeNewswire:

HomeTrust Bancshares, Inc., the holding company of HomeTrust Bank, announced preliminary net income for the second quarter ended December 31, 2023. Net income was $13.5 million, with diluted earnings per share of $0.79. The company’s annualized return on assets was 1.21% and return on equity was 10.81%. The Board of Directors declared a quarterly cash dividend of $0.11 per common share. The bank also made changes to its auto and mortgage banking lines of business, expected to result in annual cost savings of $800,000. The Board of Directors approved a change in the company’s fiscal year-end from June 30 to December 31, and this transition period will be covered on a Transition Report Form 10-KT. For the three months ended December 31, 2023, net income totaled $13.5 million, a decrease of 9.2% from the previous quarter. Net interest income decreased by $237,000, and noninterest income decreased by $379,000. The provision for credit losses increased by $790,000. Interest income on loans increased by $1.6 million, driven by new loan originations at higher interest rates. Total interest expense increased by $1.2 million. The provision for credit losses increased by $790,000 due to changes in projected economic forecasts and specific reserves on individually evaluated credits.



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