Recent Insider Transactions Derivative • May 03
Key Executive notifies of intention to sell stock C. Westbrook intends to sell 60k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of April. If the sale is conducted around the recent share price of US$46.25, it would amount to US$2.8m. For the year to June 2019, Westbrook's total compensation was 45% salary and 55% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2025, Westbrook's direct individual holding has decreased from 101.48k shares to 98.03k. Company insiders have collectively sold US$103k more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Apr 27
First quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 14th May 2026 Payment date: 28th May 2026 Dividend yield will be 1.2%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 12% per year over the past 7 years and payments have been stable during that time. EPS is expected to decline by 3.4% over the next year. However, it would need to fall by 86% to increase the payout ratio to a potentially unsustainable range. Announcement • Apr 24
Hometrust Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on May 28, 2026 HomeTrust Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.15 per common share, reflecting a $0.02, or 15.4%, increase over the previous quarter's dividend. This is the eighth increase of the quarterly dividend since the Company initiated cash dividends in November 2018. The dividend is payable on May 28, 2026 to shareholders of record as of the close of business on May 14, 2026. Announcement • Apr 08
HomeTrust Bancshares, Inc., Annual General Meeting, May 18, 2026 HomeTrust Bancshares, Inc., Annual General Meeting, May 18, 2026. Location: 12 old charlotte highway, north carolina 28803, asheville, United States Announcement • Apr 07
HomeTrust Bancshares, Inc. to Report Q1, 2026 Results on Apr 23, 2026 HomeTrust Bancshares, Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 23, 2026 Reported Earnings • Mar 16
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$3.75 (up from US$3.21 in FY 2024). Revenue: US$206.0m (up 6.1% from FY 2024). Net income: US$63.7m (up 17% from FY 2024). Profit margin: 31% (up from 28% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.30% (up from 4.10% in FY 2024). Cost-to-income ratio: 58.7% (down from 60.3% in FY 2024). Non-performing loans: 1.22% (up from 0.76% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 11
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 18 February 2026. Payment date: 26 February 2026. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.2%). Declared Dividend • Jan 25
Fourth quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 18th February 2026 Payment date: 26th February 2026 Dividend yield will be 1.2%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (13% payout ratio) and is expected to be well covered in 3 years' time (15% forecast payout ratio). The dividend has increased by an average of 12% per year over the past 7 years and payments have been stable during that time. EPS is expected to decline by 3.3% over the next 2 years. However, it would need to fall by 86% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jan 23
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$3.79 (up from US$3.21 in FY 2024). Revenue: US$206.1m (up 6.6% from FY 2024). Net income: US$64.4m (up 19% from FY 2024). Profit margin: 31% (up from 28% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 22
HomeTrust Bancshares, Inc. Declares Quarterly Dividend, Payable on February 26, 2026 HomeTrust Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.13 per common share payable on February 26, 2026 to shareholders of record as of the close of business on February 18, 2026. Price Target Changed • Dec 17
Price target increased by 7.5% to US$48.13 Up from US$44.75, the current price target is an average from 4 analysts. New target price is 5.6% above last closing price of US$45.59. Stock is up 33% over the past year. The company is forecast to post earnings per share of US$3.66 for next year compared to US$3.21 last year. Upcoming Dividend • Nov 09
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 14 November 2025. Payment date: 28 November 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (2.5%). Declared Dividend • Oct 26
Third quarter dividend increased to US$0.13 Dividend of US$0.13 is 8.3% higher than last year. Ex-date: 14th November 2025 Payment date: 28th November 2025 Dividend yield will be 1.2%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (3% payout ratio) and is expected to be well covered in 3 years' time (14% forecast payout ratio). The dividend has increased by an average of 10% per year over the past 7 years and payments have been stable during that time. EPS is expected to decline by 1.8% over the next 2 years. However, it would need to fall by 96% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Oct 23
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$0.97 (up from US$0.77 in 3Q 2024). Revenue: US$52.1m (up 10.0% from 3Q 2024). Net income: US$16.5m (up 27% from 3Q 2024). Profit margin: 32% (up from 27% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 9.4%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 19% per year. New Risk • Oct 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Oct 06
HomeTrust Bancshares, Inc. to Report Q3, 2025 Results on Oct 22, 2025 HomeTrust Bancshares, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 22, 2025 Upcoming Dividend • Aug 07
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 14 August 2025. Payment date: 28 August 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (2.6%). Price Target Changed • Jul 31
Price target increased by 9.3% to US$46.06 Up from US$42.13, the current price target is an average from 4 analysts. New target price is 19% above last closing price of US$38.86. Stock is up 14% over the past year. The company is forecast to post earnings per share of US$3.57 for next year compared to US$3.21 last year. Major Estimate Revision • Jul 29
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$204.5m to US$211.3m. EPS estimate increased from US$3.18 to US$3.57 per share. Net income forecast to grow 1.2% next year vs 14% growth forecast for Banks industry in the US. Consensus price target up from US$42.13 to US$44.75. Share price was steady at US$40.08 over the past week. Declared Dividend • Jul 24
Second quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 14th August 2025 Payment date: 28th August 2025 Dividend yield will be 1.2%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 10% per year over the past 7 years and payments have been stable during that time. EPS is expected to decline by 2.0% over the next year. However, it would need to fall by 85% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jul 22
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$1.01 (up from US$0.73 in 2Q 2024). Revenue: US$53.1m (up 18% from 2Q 2024). Net income: US$17.2m (up 40% from 2Q 2024). Profit margin: 32% (up from 27% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Announcement • Jul 08
HomeTrust Bancshares, Inc. to Report Q2, 2025 Results on Jul 22, 2025 HomeTrust Bancshares, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 22, 2025 Buy Or Sell Opportunity • Jun 11
Now 21% undervalued Over the last 90 days, the stock has risen 7.9% to US$36.21. The fair value is estimated to be US$45.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 5.1% in a year. Earnings are forecast to grow by 0.6% in the next year. Announcement • May 23
HomeTrust Bancshares, Inc. Announces Retirement of Craig C. Koontz as Director, Effective May 19, 2025 HomeTrust Bancshares, Inc. announced that on May 19, 2025, Craig C. Koontz retired as a director of the company, effective at the completion of the company's annual meeting of stockholders held on May 19, 2025. Upcoming Dividend • May 11
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 15 May 2025. Payment date: 29 May 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (2.8%). New Risk • Apr 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Declared Dividend • Apr 27
First quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 15th May 2025 Payment date: 29th May 2025 Dividend yield will be 1.4%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 12% per year over the past 6 years and payments have been stable during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Apr 25
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.85 (down from US$0.88 in 1Q 2024). Revenue: US$49.4m (up 1.1% from 1Q 2024). Net income: US$14.5m (down 2.5% from 1Q 2024). Profit margin: 29% (down from 31% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 24
HomeTrust Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on May 29, 2025 HomeTrust Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.12 per common share payable on May 29, 2025 to shareholders of record as of the close of business on May 15, 2025. Announcement • Apr 10
HomeTrust Bancshares, Inc. to Report Q1, 2025 Results on Apr 24, 2025 HomeTrust Bancshares, Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 24, 2025 Announcement • Apr 09
HomeTrust Bancshares, Inc., Annual General Meeting, May 19, 2025 HomeTrust Bancshares, Inc., Annual General Meeting, May 19, 2025. Location: highland brewing company, 12 old charlotte highway, north carolina 28803, asheville United States Announcement • Apr 08
HomeTrust Bancshares, Inc. Announces Robert 'Rob' McCain III as Senior Vice President, Market President of the Bank’s Charlotte Metropolitan Area, Effective March 31, 2025 HomeTrust Bancshares, Inc. announced that Robert 'Rob' McCain III has assumed the position of Market President of the Bank’s Charlotte metropolitan area, effective March 31, 2025. McCain will focus on expanding the Bank’s presence in the market, with the primary responsibility of growing commercial and treasury management market share and revenue. He will report to John Sprink, Executive Vice President of Commercial Banking. McCain said he is honored to take on the role and values HomeTrust’s ability to foster strong relationships with clients while building a collaborative culture. As a native of the area, McCain said he will take special pride in working to establish the Bank as a strong community partner. McCain has worked in commercial banking in Charlotte since 1989 in roles that include Market Executive and Manager of Commercial Banking at First Citizens Bank, as well as Line of Business Manager for Commercial Real Estate Lending in the Carolinas at SunTrust. He earned his Bachelor of Science in Business Administration from The University of North Carolina at Chapel Hill and his Master in Business Administration from The University of North Carolina at Charlotte. He is also a graduate of the School of Banking at Louisiana State University. Reported Earnings • Mar 14
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$3.21 (down from US$3.34 in FY 2023). Revenue: US$193.4m (up 4.7% from FY 2023). Net income: US$54.3m (down 3.4% from FY 2023). Profit margin: 28% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses. Non-performing loans: 0.76% (up from 0.53% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Feb 27
Insider notifies of intention to sell stock Kristin Powell intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of February. If the sale is conducted around the recent share price of US$368, it would amount to US$735k. Since March 2024, Kristin's direct individual holding has increased from 15.97k shares to 23.22k. Company insiders have collectively bought US$36k more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Feb 09
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 13 February 2025. Payment date: 27 February 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (2.4%). Declared Dividend • Jan 26
Fourth quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 13th February 2025 Payment date: 27th February 2025 Dividend yield will be 1.3%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (22% payout ratio) and is expected to be well covered in 3 years' time (17% forecast payout ratio). The dividend has increased by an average of 12% per year over the past 6 years and payments have been stable during that time. EPS is expected to decline by 5.2% over the next 2 years. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range. Announcement • Jan 24
HomeTrust Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on February 27, 2025 HomeTrust Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.12 per common share payable on February 27, 2025 to shareholders of record as of the close of business on February 13, 2025. Reported Earnings • Jan 23
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$3.24 (down from US$3.34 in FY 2023). Revenue: US$217.3m (up 18% from FY 2023). Net income: US$54.8m (down 2.4% from FY 2023). Profit margin: 25% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%. Revenue is expected to decline by 2.5% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jan 10
HomeTrust Bancshares, Inc. to Report Q4, 2024 Results on Jan 23, 2025 HomeTrust Bancshares, Inc. announced that they will report Q4, 2024 results Pre-Market on Jan 23, 2025 Upcoming Dividend • Nov 10
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 14 November 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (2.6%). New Risk • Oct 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Oct 27
Third quarter dividend increased to US$0.12 Dividend of US$0.12 is 9.1% higher than last year. Ex-date: 14th November 2024 Payment date: 27th November 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (13% payout ratio) and is expected to be well covered in 3 years' time (16% forecast payout ratio). The dividend has increased by an average of 12% per year over the past 6 years and payments have been stable during that time. EPS is expected to decline by 10% over the next 2 years. However, it would need to fall by 86% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Oct 24
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: US$0.77 (up from US$0.74 in 3Q 2023). Revenue: US$47.4m (up 3.0% from 3Q 2023). Net income: US$13.1m (up 5.6% from 3Q 2023). Profit margin: 28% (in line with 3Q 2023). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 09
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 15 August 2024. Payment date: 29 August 2024. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (3.0%). Price Target Changed • Jul 29
Price target increased by 8.2% to US$35.17 Up from US$32.50, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$34.83. Stock is up 43% over the past year. The company is forecast to post earnings per share of US$2.96 for next year compared to US$3.34 last year. Reported Earnings • Jul 25
Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2024 results: EPS: US$0.74 (down from US$0.90 in 2Q 2023). Revenue: US$46.0m (down 12% from 2Q 2023). Net income: US$12.4m (down 18% from 2Q 2023). Profit margin: 27% (down from 29% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jul 24
Hometrust Bancshares, Inc. Declares Quarterly Dividend, Payable August 29, 2024 HomeTrust Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.11 per common share payable on August 29, 2024 to shareholders of record as of the close of business on August 15, 2024. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$35.13, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$41.40 per share. Announcement • Jul 11
HomeTrust Bancshares, Inc. to Report Q2, 2024 Results on Jul 24, 2024 HomeTrust Bancshares, Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 24, 2024 Announcement • Jun 13
HomeTrust Bancshares, Inc. and HomeTrust Bank Announces Executive Changes HomeTrust Bancshares, Inc. and HomeTrust Bank announced that Charles ‘Chuck’ Sivley assumed the position of Chief Technology Officer of both the Company and the Bank, effective June 10, 2024. Mr. Sivley will have primary responsibility for developing the technical direction and strategy of the Bank, ensuring the reliability, performance, and scalability of the Bank’s technology infrastructure. He will serve as a member of the Executive Operating Committee and report directly to C. Hunter Westbrook, President & Chief Executive Officer. Mr. Sivley is replacing Chief Information Officer Marty T. Caywood, who is leaving the Company and the Bank later this year after 29 years of service. Mr. Sivley has more than 30 years of technology experience. He began his career in large organizations and has progressed through banks of various sizes and complexities. Along the way, he has demonstrated success in creating efficiencies and strengthening operations, as well as delivering on technological transformations. Mr. Sivley is a graduate of the University of Alabama at Birmingham and holds a Certificate of Digital Banking from the Graduate School of Banking at the University of Wisconsin – Madison. Prior to joining HTB, he served as Chief Information Officer at American National Bank, Highlands Union Bank, and First State Bank of the Southeast. Mr. Sivley also worked at Southern Company Services and served in the US Army Reserves. Board Change • Jun 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Bonnie Hancock was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 10
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: US$0.89 (up from US$0.42 in 1Q 2023). Revenue: US$47.8m (up 21% from 1Q 2023). Net income: US$14.9m (up 124% from 1Q 2023). Profit margin: 31% (up from 17% in 1Q 2023). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to stay flat during the next 2 years compared to a 6.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 27
Second quarter dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 15th May 2024 Payment date: 30th May 2024 Dividend yield will be 1.6%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (14% payout ratio) and is expected to be well covered in 3 years' time (16% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 5 years and payments have been stable during that time. EPS is expected to decline by 2.8% over the next 2 years. However, it would need to fall by 85% to increase the payout ratio to a potentially unsustainable range. Announcement • Apr 25
Hometrust Bancshares, Inc. Announces Quarterly Dividend, Payable on May 30, 2024 HomeTrust Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.11 per common share payable on May 30, 2024 to shareholders of record as of the close of business on May 16, 2024. Upcoming Dividend • Feb 07
Upcoming dividend of US$0.11 per share at 1.7% yield Eligible shareholders must have bought the stock before 14 February 2024. Payment date: 29 February 2024. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.3%). Price Target Changed • Jan 29
Price target increased by 7.9% to US$32.50 Up from US$30.13, the current price target is an average from 4 analysts. New target price is 13% above last closing price of US$28.83. Stock is up 7.9% over the past year. The company posted earnings per share of US$2.82 last year. Declared Dividend • Jan 28
Second quarter dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 14th February 2024 Payment date: 29th February 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (14% payout ratio) and is expected to be well covered in 3 years' time (16% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 5 years and payments have been stable during that time. EPS is expected to decline by 4.2% over the next 2 years. However, it would need to fall by 85% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jan 24
Second quarter 2024 earnings released: EPS: US$0.80 (vs US$0.90 in 2Q 2023) Second quarter 2024 results: EPS: US$0.80 (down from US$0.90 in 2Q 2023). Revenue: US$46.8m (up 7.0% from 2Q 2023). Net income: US$13.5m (flat on 2Q 2023). Profit margin: 29% (down from 31% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Price Target Changed • Dec 24
Price target increased by 7.4% to US$29.10 Up from US$27.10, the current price target is an average from 5 analysts. New target price is 5.4% above last closing price of US$27.61. Stock is up 13% over the past year. The company posted earnings per share of US$2.82 last year. Announcement • Nov 15
HomeTrust Bancshares, Inc. Announces Board Changes The Board of Directors of HomeTrust Bancshares, Inc. announced the retirement of its Executive Chair, Dana L. Stonestreet, effective at the conclusion of the Company’s Annual Meeting on November 13, 2023. Richard T. Stick Williams, currently Vice Chair and Lead Director of the Company, will serve as Chair of the Company upon Stonestreet’s retirement from the Board of Directors. Mr. Stonestreet has served as Executive Chair of the Company since September 2022 when he retired as Chief Executive Officer. He joined HomeTrust Bank in 1989 as its Chief Financial Officer and was promoted to Chief Operating Officer in 2003 and President in 2008. He became Chairman and Chief Executive Officer in 2013. When Stonestreet joined HomeTrust (formerly Clyde Savings Bank). Mr. Williams is a retired executive from the Duke Energy Corporation and Duke Energy Foundation. He joined the HomeTrust Board of Directors in April 2016 after serving as an advisory director of the Company for six months. He has served in numerous leadership roles and on various boards over his career, receiving the Order of the Long Leaf Pine in 2015, one of North Carolina’s most prestigious awards for service. Mr. Williams brings to the Board of Directors extensive business experience gained from a variety of leadership roles within a large organization, as well as strong ties to the local community. Upcoming Dividend • Nov 08
Upcoming dividend of US$0.11 per share at 2.0% yield Eligible shareholders must have bought the stock before 15 November 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (3.8%). Announcement • Oct 28
Hometrust Bancshares, Inc. and Hometrust Bank Announces Demise of Sidney A. Biesecker, Director On October 24, 2023, Sidney A. Biesecker, a director of HomeTrust Bancshares, Inc. and HomeTrust Bank, a wholly owned subsidiary of the Company (the “Bank”), passed away. Mr. Biesecker had been a director of the Bank since 2010 and a director of the Company since its initial public offering in 2012. Mr. Biesecker also served as Senior Vice President of the Bank and President of the Bank’s Industrial Federal Bank division until his retirement from those positions in 2015. The Company and the Bank deeply appreciate Mr. Biesecker’s years of dedicated service and extend their sincerest condolences to his family. Board Change • Oct 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. CEO, President & Director C. Westbrook was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 14
Full year 2023 earnings released: EPS: US$2.82 (vs US$2.28 in FY 2022) Full year 2023 results: EPS: US$2.82 (up from US$2.28 in FY 2022). Revenue: US$173.1m (up 15% from FY 2022). Net income: US$44.2m (up 25% from FY 2022). Profit margin: 26% (up from 24% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.41% (up from 3.42% in FY 2022). Cost-to-income ratio: 59.1% (down from 69.2% in FY 2022). Non-performing loans: 0.23% (up from 0.22% in FY 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Sep 06
Hometrust Bancshares, Inc. and Hometrust Bank Appoints Lora Jex as Executive Vice President and Chief Risk Officer, Effective August 31, 2023 HomeTrust Bancshares, Inc., the holding company of HomeTrust Bank (“Bank” or “HTB”), announced that Lora Jex assumed the position of Executive Vice President and Chief Risk Officer ("CRO") of both the Company and the Bank effective August 31, 2023. Ms. Jex will lead the HTB teams responsible for monitoring and mitigating risk for the Bank related to compliance, operations, balance sheet management, and strategy. As such she will have oversight of assessing and maturing HTB’s risk appetite to further advance the Bank’s enterprise risk management approach. Ms. Jex will serve as a member of the Operating Committee and report functionally to the Bank’s Audit Committee and administratively to C. Hunter Westbrook, President & Chief Executive Officer of HTB. Jex’s experience spans over 20 years of banking and financial industry experience at institutions ranging from $3B - $30B in assets. She has demonstrated skill at formulating action plans, resolving complex situations, managing large teams, and achieving strong regulatory ratings. Jex is a graduate of Troy State University with a Bachelor of Science in Accounting & Business Administration. Prior to joining HTB, she served as Chief Compliance Officer at Southern First Bank in Greenville, SC and at South State Bank in Columbia, SC. She has also held positions at The Savannah Bancorp, Dixon Hughes Goodman LLP, Crowe Chizek & Company, and Troy Bank & Trust. Upcoming Dividend • Aug 09
Upcoming dividend of US$0.10 per share at 1.6% yield Eligible shareholders must have bought the stock before 16 August 2023. Payment date: 31 August 2023. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (3.4%). Announcement • Jul 27
HomeTrust Bancshares, Inc. Declares Cash Dividend for the Quarter Ended March 31, 2023, Payable on August 31, 2023 HomeTrust Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.10 per common share for the quarter ended March 31, 2023, payable on August 31, 2023 to shareholders of record as of the close of business on August 17, 2023. Announcement • Jul 26
HomeTrust Bancshares, Inc., Annual General Meeting, Nov 13, 2023 HomeTrust Bancshares, Inc., Annual General Meeting, Nov 13, 2023, at 10:00 Eastern Daylight. Location: Highland Brewing Company, located at 12 Old Charlotte Hwy Suite 200 Asheville North Carolina United States Reported Earnings • Jul 26
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: US$2.59 (up from US$2.28 in FY 2022). Revenue: US$173.1m (up 15% from FY 2022). Net income: US$44.6m (up 26% from FY 2022). Profit margin: 26% (up from 24% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
HomeTrust Bancshares, Inc. Appoints as Narasimhulu Neelagaru as a Director On June 26, 2023, the Board of Directors of HomeTrust Bancshares, Inc. appointed Narasimhulu Neelagaru, M.D. (Dr. Neel) as a director of the Company. The Board committees to which Dr. Neel will be appointed have not yet been determined. For the Initial Term, consistent with the Merger Agreement, Dr. Neel was appointed to the class of directors of the Company whose terms expire in calendar year 2025. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$22.95, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$16.24 per share. Recent Insider Transactions • May 24
Independent Director recently bought US$50k worth of stock On the 19th of May, Robert James bought around 3k shares on-market at roughly US$20.02 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$1.2m more in shares than they bought in the last 12 months. Announcement • May 11
Hometrust Bank Names John F. Sprink Ii as Executive Vice President of Commercial Banking HomeTrust Bancshares, Inc. has said that John F. Sprink II has been appointed as executive vice president of Commercial Banking, effective immediately. In his new role, Sprink will primarily be responsible for leading and growing revenue of the bank's commercial business unit. He will have oversight of the commercial banking staff across five states and responsibility for the Commercial Banking, Equipment Finance and Treasury Management lines of business. Sprink, whose tenure with HomeTrust began in 2014, joined the bank as senior vice president and market president, and led HomeTrust's denovo entrance into the Raleigh, North Carolina market. Sprink, who has 30 years of banking experience, served as senior vice president of two community banks before joining HomeTrust. Upcoming Dividend • May 10
Upcoming dividend of US$0.10 per share at 2.1% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (5.2%). Lower than average of industry peers (3.8%). Recent Insider Transactions Derivative • May 06
Executive Chairman notifies of intention to sell stock Dana Stonestreet intends to sell 80k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of May. If the sale is conducted around the recent share price of US$20.44, it would amount to US$1.6m. Since September 2022, Dana's direct individual holding has decreased from 291.38k shares to 244.29k. Company insiders have collectively sold US$2.6m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • May 05
Price target decreased by 8.4% to US$27.58 Down from US$30.10, the current price target is an average from 6 analysts. New target price is 44% above last closing price of US$19.19. Stock is down 29% over the past year. The company is forecast to post earnings per share of US$2.86 for next year compared to US$2.28 last year. Reported Earnings • Apr 29
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: US$0.42 (down from US$0.51 in 3Q 2022). Revenue: US$41.0m (up 14% from 3Q 2022). Net income: US$6.73m (down 15% from 3Q 2022). Profit margin: 16% (down from 22% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.