Net interest income demonstrated resilience with a 3.3% growth rate in 2026Q1, even as the net interest margin remained anchored at 1.0% due to persistent funding cost pressures.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|
| Net Interest Income | 178.14M | 176.74M | 168.68M | 169.43M | 157.41M | 110.77M | 103.32M | 104.1M | 106.83M | 101.33M | 91.19M | 81.71M | 79.77M | 54.85M | 53.13M | 55.71M | 51.56M | 45.68M |
| NII Growth % | 18.36% | 4.78% | 7.15% | 7.63% | 42.1% | 7.21% | -0.75% | -2.55% | 5.43% | 11.12% | 11.61% | 2.43% | 45.43% | 3.23% | -4.63% | 8.06% | 12.86% | - |
| Net Interest Margin % | 4.06% | 3.89% | 3.67% | 3.63% | 3.42% | 3.12% | 2.93% | 2.8% | 3.07% | 3.07% | 2.84% | 3.01% | 2.87% | 2.64% | 3.36% | 3.24% | 3.15% | 2.78% |
| Interest Income | 254M | 256.14M | 261.62M | 234.48M | 187.13M | 116.11M | 118.73M | 136.25M | 137.21M | 117.4M | 99.44M | 87.75M | 85.16M | 60.28M | 60.39M | 67.49M | 72.09M | 71.3M |
| Interest Expense | 75.86M | 79.4M | 92.94M | 65.05M | 29.71M | 5.34M | 15.41M | 32.15M | 30.38M | 16.07M | 8.24M | 6.04M | 5.39M | 5.43M | 7.25M | 11.78M | 20.53M | 25.62M |
| Loan Loss Provision | 5.77M | 6.94M | 7.54M | 15.1M | 15.39M | -592K | -7.13M | 8.5M | 5.7M | 0 | 0 | 0 | 150K | -6.3M | 1.1M | 15.6M | 42.8M | 38.6M |
| Non-Interest Income | 36.86M | 36.33M | 33.46M | 31.34M | 28.95M | 39.2M | 41.13M | 30.33M | 22.5M | 18.68M | 15.42M | 13.75M | 12.49M | 8.09M | 9.44M | 5.88M | 7.13M | 6.96M |
| Non-Interest Income % | 12.67% | 12.42% | 11.34% | 11.79% | 13.4% | 25.24% | 25.73% | 18.21% | 14.09% | 13.73% | 13.43% | 13.55% | 12.79% | 11.84% | 13.51% | 8.02% | 9% | 8.89% |
| Total Revenue | 290.86M | 292.47M | 295.07M | 265.82M | 216.08M | 155.31M | 159.87M | 166.59M | 159.72M | 136.08M | 114.86M | 101.5M | 97.65M | 68.37M | 69.83M | 73.38M | 79.21M | 78.26M |
| Revenue Growth % | -4.99% | -0.88% | 36.56% | 23.02% | 39.13% | -2.85% | -4.03% | 4.3% | 17.37% | 18.48% | 13.17% | 3.94% | 42.82% | -2.08% | -4.84% | -7.37% | 1.22% | - |
| Non-Interest Expense | 125.71M | 125.18M | 124.68M | 122.36M | 113.81M | 105.18M | 132.49M | 97.13M | 89.69M | 85.04M | 89.57M | 79.1M | 81.52M | 54.39M | 50.44M | 42.12M | 43.88M | 24.57M |
| Efficiency Ratio | 43.22% | 42.8% | 42.25% | 46.03% | 52.67% | 67.73% | 82.88% | 58.31% | 56.16% | 62.49% | 77.99% | 77.93% | 83.49% | 79.54% | 72.24% | 57.4% | 55.4% | 31.4% |
| Operating Income | 83.51M | 80.95M | 69.91M | 63.32M | 57.16M | 45.38M | 19.1M | 28.81M | 33.94M | 34.97M | 17.04M | 16.36M | 10.58M | 14.86M | 11.03M | 3.88M | -28M | -10.54M |
| Operating Margin % | 28.71% | 27.68% | 23.69% | 23.82% | 26.46% | 29.22% | 11.95% | 17.29% | 21.25% | 25.7% | 14.83% | 16.12% | 10.84% | 21.73% | 15.79% | 5.29% | -35.35% | -13.46% |
| Operating Income Growth % | - | 15.8% | 22.3% | 10.77% | 25.97% | 137.63% | -33.71% | -15.12% | -2.96% | 105.24% | 4.17% | 54.56% | -28.76% | 34.7% | 184.23% | 113.86% | -165.76% | - |
| Pretax Income | 83.51M | 80.95M | 69.91M | 63.32M | 57.16M | 45.38M | 19.1M | 28.81M | 33.94M | 34.97M | 17.04M | 16.36M | 10.58M | 14.86M | 11.03M | 3.88M | -28M | -10.54M |
| Pretax Margin % | 28.71% | 27.68% | 23.69% | 23.82% | 26.46% | 29.22% | 11.95% | 17.29% | 21.25% | 25.7% | 14.83% | 16.12% | 10.84% | 21.73% | 15.79% | 5.29% | -35.35% | -13.46% |
| Income Tax | 16.92M | 16.59M | 15.11M | 13.28M | 12.56M | 9.72M | 3.42M | 6.02M | 6.79M | 26.74M | 5.19M | 4.9M | 2.56M | 4.51M | 1.98M | -647K | -13.26M | -17.58M |
| Effective Tax Rate % | 20.26% | 20.49% | 21.61% | 20.97% | 21.97% | 21.43% | 17.91% | 20.91% | 20.01% | 76.45% | 30.47% | 29.96% | 24.17% | 30.38% | 17.91% | -16.68% | 47.37% | 166.83% |
| Net Income | 66.6M | 64.36M | 54.8M | 50.04M | 44.6M | 35.65M | 15.68M | 22.78M | 27.15M | 8.23M | 11.85M | 11.46M | 8.03M | 10.34M | 9.05M | 4.53M | -14.74M | 7.04M |
| Net Margin % | 22.9% | 22.01% | 18.57% | 18.83% | 20.64% | 22.96% | 9.81% | 13.68% | 17% | 6.05% | 10.31% | 11.29% | 8.22% | 15.13% | 12.97% | 6.17% | -18.6% | 9% |
| Net Income Growth % | 22.7% | 17.44% | 22.87% | 12.2% | 25.11% | 127.45% | -31.2% | -16.07% | 229.64% | -30.49% | 3.41% | 42.75% | -22.4% | 14.24% | 99.98% | 130.72% | -309.3% | - |
| Net Income (Continuing) | 66.6M | 64.36M | 54.8M | 50.04M | 44.6M | 35.65M | 15.68M | 22.78M | 27.15M | 8.23M | 11.85M | 11.46M | 8.03M | 10.34M | 9.05M | 4.53M | -14.74M | 7.04M |
| EPS (Diluted) | 3.98 | 3.72 | 3.20 | 2.97 | 2.80 | 2.23 | 0.94 | 1.30 | 1.46 | 0.44 | 0.65 | 0.65 | 0.42 | 0.54 | 0.45 | 0.21 | -0.70 | 0.33 |
| EPS Growth % | 22.86% | 16.25% | 14.29% | 6.07% | 25.56% | 137.23% | -27.69% | -10.96% | 231.82% | -32.31% | 0% | 54.76% | -22.22% | 20% | 114.29% | 130% | -312.12% | - |
| EPS (Basic) | - | 3.75 | 3.21 | 2.98 | 2.82 | 2.27 | 0.97 | 1.34 | 1.52 | 0.45 | 0.66 | 0.65 | 0.42 | 0.54 | 0.45 | 0.21 | -0.70 | 0.33 |
| Diluted Shares Outstanding | 16.72M | 17.11M | 17.03M | 16.83M | 15.78M | 15.81M | 16.5M | 17.29M | 18.39M | 18.73M | 17.96M | 17.61M | 19.12M | 18.72M | 19.94M | 21.16M | 21.16M | 21.16M |
CRE concentration and liquidity
According to the provided quarterly data, HomeTrust Bancshares maintained a steady net interest income trajectory, reaching $44.3 million in 2026Q1, which reflects a consistent 3.3% growth rate compared to the previous period as the bank navigates the current interest rate environment and deposit funding cost pressures.
The bank appears to have successfully stabilized its interest income despite broader industry headwinds regarding deposit betas. This suggests that the localized deposit base in the Asheville-Greenville-Knoxville corridor may be providing a structural buffer against the aggressive rate-shopping seen in more competitive urban markets.
As reported in the financial statements, the net interest margin has remained anchored at 1.0% throughout the last ten quarters, suggesting that the bank's asset-liability management strategy is currently prioritizing stability over aggressive yield expansion in the face of rising funding costs and competitive pricing pressures.
The lack of margin expansion despite the pivot toward commercial lending indicates that the cost of funds is likely rising in lockstep with asset yields. Investors should monitor whether the bank's reliance on indirect auto and construction loans will eventually force a margin compression if credit spreads widen further.
Based on the quarterly figures, HomeTrust Bancshares demonstrated disciplined expense management with an efficiency ratio of 46.1% in 2026Q1, which represents a controlled fluctuation from the 41.2% to 46.1% range observed over the past two years of the bank's ongoing commercial and specialty finance transition.
The bank appears to be managing its 41-office footprint effectively, preventing overhead costs from outpacing revenue growth. This operational leverage suggests that management is successfully balancing the fixed costs of its branch network with the requirements of its evolving commercial-oriented business model.
Data from the income statement indicates that provision expenses for loan losses have fluctuated significantly, peaking at $4.3 million in 2024Q2 before moderating to $370,000 in 2026Q1, a trend that highlights the inherent sensitivity of the bank's construction and land development portfolio to changing economic conditions.
The sharp reduction in provision expense in recent quarters may suggest an improved outlook on asset quality, yet the historical volatility warrants caution. Analysts should investigate whether this decline reflects a genuine reduction in credit risk or merely a shift in the timing of CECL-related loss estimates.
As indicated by the reported financials, non-interest income contributed 14.0% of total revenue in 2026Q1, showing a slight upward trend from the 11.1% levels seen in late 2024, which suggests a gradual diversification of the bank's earnings base away from pure spread-based interest income streams.
While the increase in fee income is a positive development for earnings quality, the bank remains heavily reliant on interest-based revenue. The sustainability of this fee growth will likely depend on the bank's ability to scale its wealth management or transaction-based services within its existing regional footprint.
Quick answers to the most common questions about buying HTB stock.
HomeTrust Bancshares, Inc. (HTB) is profitable, generating $64.4M in net income for the fiscal year ending 2025 with a net profit margin of 22.0%.
HomeTrust Bancshares, Inc. (HTB) reported an operating income of $81.0M, resulting in an operating profit margin of 27.7%. This margin reflects the operational efficiency of the business before interest and taxes.
HomeTrust Bancshares, Inc. (HTB) generated $206.1M in gross profit for the year, representing a gross profit margin of 70.5%. This demonstrates the company's core pricing power and production efficiency.