HomeTrust Bancshares reported a significant 21.1% YoY increase in its Q3 2023 revenues, reaching $50.79 million and beating the Zacks Consensus Estimate by 1.48%. The bank's earnings per share (EPS) of $0.88 also outperformed last year's figure of $0.60, exceeding the consensus estimate by 11.39%.
The bank's key metrics were also highlighted in the report. Net interest margin, efficiency ratio, and net charge-offs to average loans were disclosed along with total interest-earning assets amounting to $4.16 billion. Noninterest income was reported at $8.63 million. Other financials like net interest income ($42.16 million), service charges on deposit accounts ($2.32 million), Bank-Owned Life Insurance (BOLI) income ($1.75 million), gain on sale of loans ($1.29 million), other net income ($0.92 million), and loan income and fees ($0.56 million) were also shared.
Despite these positive results, HomeTrust Bancshares' shares experienced a 9.6% decline over the past month. The company currently holds a Zacks Rank #4 (Sell), contrasting with the Zacks S&P 500 composite's -1.6% change.
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