HomeTrust Bancshares Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

HomeTrust Bancshares (NASDAQ:HTBI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$44.9m (down 11% from 2Q 2023).
• Net income: US$12.3m (down 18% from 2Q 2023).
• Profit margin: 27% (down from 30% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.73 (down from US$0.89 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

HomeTrust Bancshares Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for HomeTrust Bancshares that you should be aware of.

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