HomeTrust Bancshares Inc (HTB) Q2 2024 Earnings Report

HomeTrust Bancshares Inc. delivered a Q2 2024 result profile consistent with a solid regional bank: revenue of $50.28 million and net income of $12.42 million, translating into a net margin of 24.7% and an EPS of $0.73. YoY revenue declined 0.83% while QoQ revenue rose 0.46%, but net income and EPS posted declines of about 17% versus prior-year and 17% versus the prior quarter, underscoring the sensitivity of earnings to the bank’s cost structure and non-interest income mix. The balance sheet shows robust liquidity with $326.3 million in cash and $134.1 million in short-term investments, offset by substantial long-term investments of $3.74 billion and total assets of $4.67 billion. HTB operates with modest leverage (total debt $147.6 million; debt-to-capitalization ~22%), and a book value that supports a P/B of around 0.97 with a dividend yield of 0.37% and a payout ratio of ~15.1%. Profitability is driven by a sizable non-interest income component (total other income of $15.8 million) alongside interest expense of $23.25 million, highlighting the bank’s reliance on spread and non-interest activities in a low-to-moderate rate environment. Management commentary for QQ2 2024 is not available in the provided data, limiting commentary on forward expectations, but key risk factors include regional economic conditions, loan growth, and credit quality dynamics. Investors should monitor revenue mix sensitivity, balance sheet liquidity, and capital deployment over the coming quarters.