HomeTrust Bancshares, Inc. Announces Profitability Improvement Plan and Balance Sheet Restructuring
HomeTrust Bancshares, Inc. (HTBI)
Last hometrust bancshares, inc. earnings: 4/29 09:00 am
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US:NASDAQ Investor Relations:
ir.hometrustbanking.com
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Source: GlobeNewswire
ASHEVILLE, N.C., June 15, 2021 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (NASDAQ: HTBI) (the “Company”), the holding company of HomeTrust Bank (the “Bank”), today announced its plans to further improve profitability by closing nine bank branches and restructuring its balance sheet with the prepayment of its remaining long-term borrowings. In addition, beginning July 1, 2021, the Bank will bring its back-office Small Business Administration (“SBA”) loan servicing process in-house, which is expected to provide additional servicing fee and gain on sale income. “We believe these strategic initiatives, along with the continued maturity of our diversified lines of business, will move us forward in achieving higher profitability and creating additional shareholder value in the near term,” said Dana Stonestreet, Chairman, President, and Chief Executive Officer. Summary Expected Financial Impact Estimated Annual Pre-Tax Income Increase of $10.1 million Branch closures – $3.2 million
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News
- HomeTrust Bancshares, Inc. (NASDAQ: HTBI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- HomeTrust Bancshares, Inc. Announces Financial Results for the First Quarter of the Year Ending December 31, 2024, Declaration of a Quarterly Dividend, and Re-Authorization of Stock Buyback Program [Yahoo! Finance]Yahoo! Finance
- HomeTrust Bancshares, Inc. Announces Financial Results for the First Quarter of the Year Ending December 31, 2024, Declaration of a Quarterly Dividend, and Re-Authorization of Stock Buyback ProgramGlobeNewswire
- HomeTrust Bancshares, Inc. (NASDAQ: HTBI) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- HomeTrust Bancshares, Inc. (NASDAQ: HTBI) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $32.00 price target on the stock.MarketBeat
HTBI
Earnings
- 4/24/24 - Beat
HTBI
Sec Filings
- 4/24/24 - Form 8-K
- 4/10/24 - Form 8-K
- 4/8/24 - Form ARS
- HTBI's page on the SEC website