HomeTrust Bancshares Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

HomeTrust Bancshares (NASDAQ:HTBI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$47.4m (down 1.7% from 3Q 2023).
• Net income: US$13.0m (down 12% from 3Q 2023).
• Profit margin: 27% (down from 31% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: US$0.77 (down from US$0.88 in 3Q 2023).

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

HomeTrust Bancshares Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 1.6%.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 12% 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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