HomeTrust Bancshares (HTB) Q1 2025 earnings summary

Executive summary

• Q1 2025 net income was $14.539M; diluted EPS was $0.84, up 2.3% sequentially from $14.2M and $0.83; EPS was $0.88 in Q1 2024.

• At March 31, 2025, assets were $4.56B, loans $3.649B, deposits $3.736B and stockholders’ equity $565.4M.

• Southeast footprint spans 34 locations.

Financial highlights

• Net interest margin rose to 4.18% from 4.09% in Q4 2024 and 4.02% in Q1 2024; net interest income was $42.9M, versus $43.2M in Q4 2024.

• Annualized ROA was 1.33% and ROE 10.52%, up from 1.27% and 10.32% in Q4 2024.

• Provision for credit losses was $1.5M, versus a $855,000 benefit in Q4 2024; noninterest income was $8.0M and noninterest expense $31.0M.

• Cost of deposits declined to 2.17% from 2.48% in Q1 2024; adjusted efficiency ratio was 60.29%, versus 60.64% a year earlier.

• Tangible book value per share rose to $30.00 from $29.24 at year-end 2024; book value per share was $32.21.

Segment performance

• Loans totaled $3.649B: non-owner-occupied CRE 27%, owner-occupied CRE 16%, other commercial 14%, equipment finance 11%, construction and development 8%, 1–4 family 17%, and HELOC/other consumer 7%.

• CRE loans were $1.8B; owner-occupied CRE rose $24.7M and construction/land development declined $26.8M sequentially.

• Commercial loans totaled $892.8M and residential real estate loans $888.1M; consumer loans declined to $64.2M.

• SBA portfolio was $136.3M, including $42.7M guaranteed; equipment finance portfolio was $380.2M, led by construction at 30%.

• Non-owner-occupied CRE office exposure across five largest relationships was $28.9M, or 32% of the office portfolio.