$HTB

HomeTrust Bancshares, Inc.

CIK:0001538263|SEC Filings

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest and dividend income
Loans	$ 57,507	$ 60,440	$ 115,232	$ 119,053
Debt securities available for sale	1,667	1,658	3,271	3,445
Other investments and interest-bearing deposits	1,999	1,543	4,167	4,778
Total interest and dividend income	61,173	63,641	122,670	127,276
Interest expense
Deposits	15,578	18,856	32,428	39,219
Junior subordinated debt	151	206	339	411
Borrowings	150	350	304	510
Total interest expense	15,879	19,412	33,071	40,140
Net interest income	45,294	44,229	89,599	87,136
Provision for credit losses	920	1,303	1,290	2,843
Net interest income after provision for credit losses	44,374	42,926	88,309	84,293
Noninterest income
Service charges and fees on deposit accounts	2,627	2,502	5,041	4,746
Loan income and fees	501	548	1,193	1,269
Gain on sale of loans held for sale	1,874	2,109	4,528	4,017
BOLI income	893	852	1,785	1,694
Operating lease income	1,407	1,876	3,299	3,255
Gain on sale of branches	0	1,448	0	1,448
Gain on sale of premises and equipment	1,101	28	1,478	28
Other	844	794	1,954	1,727
Total noninterest income	9,247	10,157	19,278	18,184
Noninterest expense
Salaries and employee benefits	20,169	18,208	40,046	35,907
Occupancy expense, net	2,417	2,375	5,047	4,886
Computer services	3,027	2,488	5,904	5,293
Operating lease depreciation expense	1,378	1,789	2,894	3,657
Telephone, postage and supplies	509	561	1,090	1,107
Marketing and advertising	584	442	1,001	894
Deposit insurance premiums	481	473	965	984
Core deposit intangible amortization	302	411	676	926
Loss on redemption of junior subordinated debt securities	1,079	0	1,079	0
Other	4,033	4,508	8,252	8,562
Total noninterest expense	33,979	31,255	66,954	62,216
Income before income taxes	19,642	21,828	40,633	40,261
Income tax expense	4,012	4,618	8,231	8,512
Net income	$ 15,630	$ 17,210	$ 32,402	$ 31,749
Net income per common share
Basic (in dollars per share)	$ 0.95	$ 1.01	$ 1.95	$ 1.85
Diluted (in dollars per share)	$ 0.94	$ 1.00	$ 1.93	$ 1.84
Average shares outstanding
Basic (in shares)	16,311,782	17,006,141	16,446,295	17,008,699
Diluted (in shares)	16,423,442	17,106,448	16,569,902	17,109,842

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities
Net income	$ 32,402	$ 31,749
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	1,290	2,843
Depreciation and amortization of premises and equipment and equipment for operating leases	4,924	5,612
Deferred income tax expense	829	347
Net accretion of purchase accounting adjustments on loans	(1,129)	(1,343)
Net amortization and accretion	1,701	2,610
SBIC investments income	(876)	(1,561)
Gain on sale of branches	0	(1,448)
Gain on sale of premises and equipment	(1,478)	(28)
Loss on repossessed assets	49	275
Loss on previously leased equipment	372	1,103
Loss on redemption of junior subordinated debt securities	1,079	0
BOLI income	(1,785)	(1,694)
Gain on sale of loans held for sale	(4,528)	(4,017)
Origination of loans held for sale	(147,706)	(231,120)
Proceeds from sales of loans held for sale	220,321	263,374
New deferred loan origination fees (costs), net	1,251	(571)
Amortization of tax credit equity investments	2,154	188
Decrease in accrued interest receivable and other assets	1,996	4,411
Share-based compensation expense	1,480	986
ESOP compensation expense	1,182	929
Decrease in accrued interest payable and other liabilities	(1,222)	(9,576)
Net cash provided by operating activities	112,306	63,069
Investing activities
Purchase of debt securities available for sale	(26,733)	(6,872)
Proceeds from maturities, calls and paydowns of debt securities available for sale	22,478	17,426
Purchases of CDs in other banks	0	(1,742)
Proceeds from maturities of CDs in other banks	7,212	6,961
Net redemption (purchase) of FHLB and FRB stock	16	(1,633)
Net capital contributions in SBIC investments	(79)	(1,042)
Net capital redemption of (contribution in) tax credit equity investments	542	(208)
Net capital contribution in fintech equity investments	(625)	0
Net increase in loans	(35,784)	(20,433)
Purchase of BOLI	(9)	(14)
Proceeds from redemption of BOLI policies	0	2,174
Death benefit proceeds from BOLI policies	268	0
Purchase of equipment for operating leases - lessor	0	(2,550)
Proceeds from sale of equipment for operating leases - lessor	6,432	731
Purchase of premises and equipment	(2,164)	(2,363)
Proceeds from sale of premises and equipment and assets held for sale	2,185	7,652
Proceeds from sale of repossessed assets	439	416
Net cash used in investing activities	(25,822)	(1,497)
Financing activities
Deposits assumed by third parties through branch sales	0	(34,252)
Net decrease in deposits	(103,150)	(78,773)
Net decrease in short-term borrowings	10,000	77,000
Redemption of junior subordinated debt securities	(11,341)	0
Common stock repurchased	(30,232)	(3,334)
Granted restricted stock	1	0
Cash dividends paid	(4,641)	(4,112)
Retired stock	(593)	(442)
Exercised stock options	1,324	331
Net cash provided by financing activities	(138,632)	(43,582)
Net increase (decrease) in cash and cash equivalents	(52,148)	17,990
Cash and cash equivalents at beginning of period	324,692	279,219
Cash and cash equivalents at end of period	272,544	297,209
Cash paid during the period for
Interest	35,927	45,326
Income taxes	1,978	10,239
Noncash transactions
Unrealized (loss of) gain in value of debt securities available for sale, net of income taxes	(1,013)	1,409
Transfers of loans held for sale to loans held for investment	15,403	7,311
Transfers of loans held for investment to repossessed assets	3,886	273
Transfer of premises and equipment to assets held for sale	0	7,624
ROU asset and lease liabilities for operating lease accounting	$ 0	$ 448

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets
Cash	$ 17,141	$ 14,411
Interest-bearing deposits	255,403	310,281
Cash and cash equivalents	272,544	324,692
Certificates of deposit in other banks	11,629	18,841
Debt securities available for sale, at fair value (amortized cost of $146,448 and $141,793 at June 30, 2026 and December 31, 2025, respectively)	145,880	142,540
FHLB and FRB stock	13,620	13,636
SBIC investments	20,398	18,818
Loans held for sale, at fair value	2,999	7,005
Loans held for sale, at the lower of cost or fair value	117,891	198,688
Loans, net of deferred loan fees and costs	3,622,244	3,578,154
Allowance for credit losses – loans	(39,789)	(41,479)
Loans, net	3,582,455	3,536,675
Premises and equipment, net	62,485	62,400
Accrued interest receivable	14,530	15,973
Deferred income taxes, net	9,395	9,922
BOLI	95,456	93,930
Goodwill	34,111	34,111
Core deposit intangibles, net	4,172	4,848
Other assets	52,713	63,556
Total assets	4,440,278	4,545,635
Liabilities
Deposits	3,606,847	3,709,997
Junior subordinated debt	0	10,220
Borrowings	175,000	165,000
Other liabilities	57,831	59,728
Total liabilities	3,839,678	3,944,945
Stockholders' equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued or outstanding	0	0
Common stock, $0.01 par value, 60,000,000 shares authorized, 16,727,821 and 17,286,289 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	168	173
Additional paid in capital	139,759	166,856
Retained earnings	464,285	436,524
Unearned ESOP shares	(3,174)	(3,438)
Accumulated other comprehensive income (loss)	(438)	575
Total stockholders' equity	600,600	600,690
Total liabilities and stockholders' equity	$ 4,440,278	$ 4,545,635