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HomeTrust Bancshares (HTBI) Company Profile

Updated Feb 14, 2020
HomeTrust Bancshares has the following business profile:
Company's Full Name:HomeTrust Bancshares, Inc.
Short Name:HomeTrust Bancshares
Trading Ticker Symbol:HTBI
Primary Exchange:NASDAQ
Headquarter City/Country:North Carolina, NC
Primary Industry Sector:Finance
Seconday Sub-sector:Savings Institutions
Main Business Areas: Finance, Savings Institutions, Financial Services, Regional US Banks
Dividend Payments:Dividend History

Market and Trading Information for HomeTrust Bancshares

The following details were available for trading and market data about the stock of HomeTrust Bancshares as of writing:
Current Share Price:$26.82
Previous Year's Closing Price:$26.83
Percentage Price Change (YTD):-0.04%
Market Cap:$468.43 million
52-week Price Range:$23.93 - $27.88
Dividend Per Share:$0.25
EPS (TTM):1.63
Price-Earnings (Trailing):16.47
Price-Earnings (Forward):15.78

Company Profile and Business Description for HomeTrust Bancshares

HomeTrust Bancshares, Inc., incorporated on December 27, 2011, is a bank holding company of HomeTrust Bank (the Bank). The Bank's principal business consists of attracting deposits from the public and investing those funds, along with borrowed funds, in loans secured primarily by first and second mortgages on one- to four-family residences and municipal leases. The Company purchases investment securities consisting primarily of securities issued by the United States Government agencies and government-sponsored enterprises, as well as, certificates of deposit insured by the Federal Deposit Insurance Corporation (FDIC). The Company offers a range of deposit accounts for individuals, businesses and nonprofit organizations. As of June 30, 2016, the Bank operated in nine metropolitan statistical areas (MSAs): Asheville, Charlotte-Concord-Gastonia, Greenville-Anderson-Mauldin, Johnson City, Kingsport-Bristol-Bristol, Knoxville, Morristown, Roanoke and Raleigh.

Lending Activities

The Company originates loans secured by first mortgages on one- to four-family residences typically for the purchase or refinance of owner-occupied primary or secondary residences located primarily in its market areas. The Company originates one- to four-family residential mortgage loans primarily through referrals from real estate agents, builders and from existing customers. The Company also originates adjustable-rate mortgage (ARM) loans, which have interest rates that adjust annually to the yield on the United States Treasury securities adjusted to a constant one-year maturity plus a margin. The Company originates land/lot loans primarily for the purchase or refinance of an improved lot for the construction of a residence to be occupied by the borrower. It originates indirect auto finance loans. As an indirect lender, the Company markets to automobile dealerships, both manufacturer franchised dealerships and independent dealerships, and provides automotive financing through installment contracts on new and used vehicles.

The Company's consumer loans consist of loans secured by deposits accounts or personal property, such as automobiles, boats, and motorcycles, as well as unsecured consumer debt. The Company originates commercial real estate loans, including loans secured by hotels, office space, office/warehouse, retail strip centers, vehicle dealerships, mini-storage facilities, medical and professional buildings, retail sites and churches located in its market areas. The Company offers both fixed- and adjustable-rate commercial real estate loans. The Company offers commercial and industrial loans to small businesses located in its primary market areas. These loans are primarily originated as conventional loans to business borrowers, which include lines of credit, term loans and letters of credit. These loans are secured by collateral and are used for general business purposes, including working capital financing, equipment financing, capital investment and general investments. Loan terms vary from typically one to five years. It offers ground and equipment lease financing to fire departments located primarily throughout North Carolina and, to a lesser extent, South Carolina. As of June 30, 2016, the Company's total loans were $1,832.5 million.

Investment Activities

The Bank invests in various securities, which include the United States Treasury obligations, securities of various federal agencies, including mortgage-backed securities, callable agency securities, certain certificates of deposit of insured banks and savings institutions, certain bankers' acceptances, repurchase agreements, investment grade corporate bonds and commercial paper, federal funds and limited types of equity securities. As of June 30, 2016, its investment portfolio consisted of securities available for sale, which include the United States Government agency securities, mortgage-backed securities, municipal bonds, corporate bonds and equity securities. As of June 30, 2016, the Company's total securities were $230.1 million.

Sources of Funds

The Company's deposits are primary source of funds for its lending and investing activities. The Company offers a range of deposit accounts with a range of interest rates and terms to both consumers and businesses. The Company's deposits consist of savings, money market and demand accounts, and certificates of deposit (CDs). As of June 30, 2016, the Company's total deposits were $1,802.7 million. It may utilize borrowings to manage interest rate risk or as a source of funds. The Company's borrowings consist of advances from the Federal Home Loan Bank of Atlanta (FHLB). In addition to FHLB advances, as of June 30, 2016, the Company had a $186.5 million line of credit with the Federal Reserve Bank (FRB), subject to qualifying collateral, and $60 million available through lines of credit with three unaffiliated banks.

10 Woodfin St

Peer / Competitor Companies of Savings Institutions Sector

Along with HomeTrust Bancshares, Inc., the following other peer (competitor) companies also exist within the same Savings Institutions - Finance sector whose company profile and dividend history is as follows:

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▶ BankFinancial (BFIN): BankFinancial Corporation, incorporated on September 23, 2004, is the bank holding company for BankFinancial, National Association (the Bank). The Bank is a full-service, community-oriented national bank principally engaged in the ....See Detailed Company Profile,  Dividend History

▶ BankUnited (BKU): BankUnited, Inc. operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate ....See Detailed Company Profile,  Dividend History

▶ BCB Bancorp NJ (BCBP): BCB Bancorp, Inc. operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United Stat....See Detailed Company Profile,  Dividend History

▶ Broadway Financial (BYFC): Broadway Financial Corporation, incorporated on October 25, 1995, is a savings and loan holding company. The Company is engaged in the savings and loan business through its subsidiary, Broadway Federal ....See Detailed Company Profile,  Dividend History

▶ Brookline Bancorp (BRKL): Brookline Bancorp, Inc., incorporated on April 11, 2002, operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank ....See Detailed Company Profile,  Dividend History

▶ Capitol Federal Financial (CFFN): Capitol Federal Financial, Inc., incorporated on April 28, 2010, is the savings and loan holding company. The Company provides a range of retail banking services, through its subsidiary, Capitol Federal ....See Detailed Company Profile,  Dividend History

▶ Carver Bancorp (CARV): Carver Bancorp, Inc. operates as a holding company for Carver Federal Savings Bank, a federally chartered savings bank that provides consumer and commercial banking services for consumers, businesses,....See Detailed Company Profile,  Dividend History

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▶ Citizens Community Bancorp (CZWI): Citizens Community Bancorp, Inc., incorporated on June 27, 2006, is a bank holding company of Citizens Community Federal N.A. (the Bank). The Company is engaged in consumer, commercial and agricultural ....See Detailed Company Profile,  Dividend History

▶ Codorus Valley Bancorp (CVLY): Codorus Valley Bancorp, Inc., incorporated on October 7, 1986, is a bank holding company. The Company provides a range of banking services through its subsidiary, PeoplesBank, A Codorus Valley Company ....See Detailed Company Profile,  Dividend History

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▶ First Savings Financial (FSFG): First Savings Financial Group, Inc. operates as the holding company for First Savings Bank that provides various banking products and services to consumers and businesses in southern Indiana. The comp....See Detailed Company Profile,  Dividend History

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