hometrust bancshares inc
(HTBI:NASDAQ GS)
hometrust bancshares inc (HTBI) Snapshot
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Open
$16.16
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Previous Close
$16.22
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Day High
$16.30
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Day Low
$16.01
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52 Week High
05/9/13 - $16.48
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52 Week Low
07/10/12 - $10.00
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Market Cap
338.8M
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Average Volume 10 Days
38.3K
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EPS TTM
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Shares Outstanding
20.8M
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EX-Date
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P/E TM
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Dividend
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Dividend Yield
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hometrust bancshares inc (HTBI) Related Businessweek News
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HomeTrust Bancshares, Inc. operates as a holding company for HomeTrust Bank that engages in the provision of various banking and financial products and services in North Carolina. It accepts various deposit accounts, including interest-bearing and noninterest-bearing checking, savings, money market, and demand accounts, as well as certificates of deposits for individuals, businesses, and nonprofit organizations. The company also offers retail consumer loans comprising one-to four-family real estate loans, home equity loans, construction and land/lot loans, and consumer loans; commercial loans, such as commercial real estate loans, construction and development loans, and commercial and industrial loans. In addition, it provides ground and equipment lease financing to fire departments located primarily in North Carolina and South Carolina. The company offers its services through operating 20 full service offices in western North Carolina and the Piedmont region of North Carolina. HomeTrust Bancshares, Inc. is headquartered in Asheville, North Carolina.
Last Reported Date: 09/28/12
hometrust bancshares inc (HTBI) Top Compensated Officers
hometrust bancshares inc (HTBI) Key Developments
HomeTrust Bancshares, Inc. reported preliminary earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported preliminary net income of $2.6 million for the third quarter of fiscal year 2013, compared to $2.0 million for the same period a year ago. The increase in net income for the third quarter of fiscal 2013 was a result of the decrease in the provision for losses on loans. On a basic and diluted per share basis, the company earned $0.13 per share. Net interest income was $13.0 million for the three months ended March 31, 2013 compared to $13.9 million for the three months ended March 31, 2012. Net interest income after provision for loan losses was $12.5 million against $9.4 million for the same period a year ago. Income before income taxes was $3.1 million against $1.7 million for the same period a year ago. Return on assets was 0.66% against 0.52% for the same period a year ago. Return on equity was 2.80% against 4.75% for the same period a year ago. For the nine months, net income totaled $6.0 million compared to net income of $3.1 million for the same period in 2012. Net interest income was $40.1 million for the nine months ended March 31, 2013 compared to $41.9 million for the nine months ended March 31, 2011. On a basic and diluted per share basis, the company earned $0.13 per share $0.30 per share for the nine months ended March 31, 2013. Net interest income after provision for loan losses was $37.8 million against $28.3 million for the same period a year ago. Income before income taxes was $6.8 million against $2.6 million for the same period a year ago. Return on assets was 0.50% against 0.26% for the same period a year ago. Return on equity was 2.20% against 2.48% for the same period a year ago. Book value per share at March 31, 2013 was $17.90. Net loan charge-offs decreased to $1.8 million during the third quarter of fiscal 2013 compared to $5.2 million for the same quarter in the prior fiscal year.
The Board of Directors of HomeTrust Bancshares, Inc. (the Company), the holding company for HomeTrust Bank (the Bank), announced that F. Edward Broadwell, Jr. will retire as Chairman and Chief Executive Officer of the company and the Bank effective at the company's next annual meeting of shareholders, which is expected to be held in November 2013. Mr. Broadwell will be succeeded as CEO by Dana L. Stonestreet, who currently serves as President and Chief Operating Officer and a director of the company and the Bank. Effective July 1, 2013 until Mr. Broadwell's retirement date, Messrs. Broadwell and Stonestreet will serve as co-CEOs of the company and the Bank. Mr. Broadwell will continue as a director of the company and the Bank until the annual meeting of shareholders to be held in the fall of 2014. Mr. Broadwell joined the Bank (formerly Clyde Savings Bank) in 1965 as President and Chief Executive Officer and as a director. He has served as Chairman of the Board since 2002. In addition, Mr. Broadwell has served as Chairman and Chief Executive Officer of the company since its inception in connection with the Bank's July 2012 mutual-to-stock conversion. Dana L. Stonestreet, President and Chief Operating Officer of the Company and the Bank, has served on the Bank's Board of Directors for three years and on the Company's Board since its inception and has thirty five years of banking industry experience. He joined HomeTrust Bank in 1989 as Chief Financial Officer, was named Chief Operating Officer in 2003 and became President in 2008.
HomeTrust Bancshares, Inc. reported audited earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company's total interest and dividend income was $15,481,000 compared to $17,248,000 a year ago. Net interest income was $13,577,000 compared to $14,119,000 a year ago. Net interest income for the second quarter of fiscal 2013 decreased $542,000, or 3.8%, compared to the same period in the prior year as declines in interest income on loans of $1.7 million outpaced a decrease in deposit and other borrowing costs of $1.2 million. Net interest income after provision for loan losses was $13,277,000 compared to $10,319,000 a year ago. Income before income taxes was $2,749,000 compared to $760,000 a year ago. Net income was $2,268,000 or $0.11 per basic and diluted share compared to $843,000 a year ago. Net interest income plus non-interest income - as adjusted was $16,430,000 compared to $16,170,000 a year ago. Book value per share as of December 31, 2012 was $17.67. Return on assets (ratio of net income to average total assets) was 0.57% compared to 0.21% a year ago. Return on equity (ratio of net income to average equity) was 2.43% compared to 2.00% a year ago. For the six months, the company's total interest and dividend income was $31,209,000 compared to $34,455,000 a year ago. Net interest income was $27,096,000 compared to $27,947,000 a year ago. Net interest income decreased $851,000, or 3.0%, compared to the same period in the prior year as declines in interest income on loans of $3.4 million outpaced a decrease in deposit and other borrowing costs of $2.4 million. Net interest income after provision for loan losses was $25,296,000 compared to $18,847,000 a year ago. Income before income taxes was $3,718,000 compared to $930,000 a year ago. Net income was $3,420,000 or $0.17 per basic and diluted share compared to $1,127,000 a year ago. Net interest income plus non-interest income - as adjusted was $32,292,000 compared to $31,672,000 a year ago. Return on assets (ratio of net income to average total assets) was 0.42% compared to 0.14% a year ago. Return on equity (ratio of net income to average equity) was 1.90% compared to 1.34% a year ago. The company reported net loan charge-offs decreased to $1.9 million during the second quarter of fiscal 2013 compared to $7.5 million for the same quarter in the prior fiscal year. The company reported loan charge-offs, which decreased $19.8 million to $2.7 million during the first six month period of fiscal 2013 compared to $22.5 million for the same period in the prior fiscal year.
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Industry Analysis
HTBI
Industry Average
| Valuation | HTBI | Industry Range |
| Price/Earnings | 45.4x |
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| Price/Sales | 5.5x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | 45.5x |
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| TEV/Sales | 1.2x |
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