HomeTrust reports Q4 EPS 83c vs. 76c last quarter

HomeTrust (HTBI) Bancshares, the holding company of HomeTrust Bank, reported that for the quarter ended December 31, 2024 compared to the quarter ended September 30, 2024, diluted EPS was 83c, compared to 76c; annualized return on assets was 1.27%, compared to 1.17%; annualized return on equity was 10.32%, compared to 9.76%; net interest margin was 4.09%, compared to 4.00%; and provision for credit losses was a benefit of $855,000, compared to a provision of $3.0M. “Fiscal year 2024 ended with another quarter of strong financial results,” said Hunter Westbrook, President and Chief Executive Officer. “We reported our tenth consecutive quarter with a net interest margin at or above 4.00% and have grown our tangible book value per share by 11% over the past year… During the quarter, the Bank engaged a consultant to assist in the renewal of our largest core IT processing contract, which resulted in the recognition of $3 million in consulting expense. This renewal will result both in future cost savings and the expansion of our technology solutions, supporting the Company’s growth initiatives and digital strategies all with the goal of enhancing the customer experience.”