HomeTrust Bancshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2015; Reports Net Loan Charge-Offs for the Second Quarter Ended December 31, 2015
January 30, 2016 at 02:35 am IST
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HomeTrust Bancshares, Inc. reported earnings results for the second quarter and six months ended December 31, 2015. For the quarter, the company reported total interest income of $21.566 million compared to $21.559 million a year ago. Net interest income was $20.150 million compared to $20.190 million a year ago. Income before income taxes was of $3.313 million compared to $2.874 million a year ago. Net income was $2.449 million or $0.14 per diluted share compared to $2.049 million or $0.10 per diluted share a year ago. Non-GAAP net income was $2.449 million compared to $3.504 million a year ago. Adjusted net income per diluted share was $0.14 compared to $0.18 a year ago. Return on assets was 0.36% compared to 0.33% a year ago. Return on equity was 2.7% compared to 2.15% a year ago. Return on assets adjusted was 0.36% compared to 0.57% a year ago. Return on equity adjusted was 2.7% compared to 3.69% a year ago. Book value per share was $19.44 compared to $18.63 for the same period a year ago.
For six months, the company reported total interest income of $43.575 million compared to $41.424 million a year ago. Net interest income was $40.721 million compared to $38.790 million a year ago. Income before income taxes was of $7.418 million compared to $5.996 million a year ago. Net income was $5.013 million or $0.28 per diluted share compared to $4.305 million or $0.22 per diluted share a year ago. Adjusted net income per diluted share was $0.31 compared to $0.34 a year ago. Non-GAAP net income was $5.539 million compared to $6.513 million a year ago. Return on assets was 0.36% compared to 0.37% a year ago. Return on equity was 2.73% compared to 2.27% a year ago. Return on assets adjusted was 0.40% compared to 0.56% a year ago. Return on equity adjusted was 3.02% compared to 3.44% a year ago.
Net loan charge-offs totaled $135,000 for the three months ended December 31, 2015 compared to net recoveries of $276,000 for the same period during the prior fiscal year.
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.
HomeTrust Bancshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2015; Reports Net Loan Charge-Offs for the Second Quarter Ended December 31, 2015