HomeTrust Bancshares (HTB) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was $16.8 million, up from $16.1 million in Q4 2025, with diluted EPS of $0.99 versus $0.93 and annualized ROA and ROE of 1.55% and 11.35%, respectively.

• Net interest margin improved to 4.31% from 4.20% sequentially, and provision for credit losses dropped to $370,000 from $2.1 million.

• Tangible book value per share grew at a 10.4% CAGR over the last 24 months, reaching $33.02.

• Quarterly dividend increased by 15.4% to $0.15 per share, marking the eighth increase since 2018.

• 533,240 shares were repurchased at an average price of $42.85, more than double the prior quarter's repurchases.

Financial highlights

• Total assets of $4.4B, loans of $3.5B, and deposits of $3.6B as of March 31, 2026.

• Loans held for investment totaled $3.5B, down 0.9% sequentially; loans held for sale decreased 47.3% to $108.5M, mainly due to HELOC sales.

• Deposits declined by $70.5M, driven by a $116.1M reduction in brokered deposits, partially offset by a $45.7M increase in core deposits.

• Stockholders’ equity decreased $8.3M to $592.4M, reflecting net income, dividends, and $23.1M in stock repurchases.

• Noninterest income rose 6.8% to $10.0M, while noninterest expense increased 4.0% to $33.0M.

Outlook and guidance

• Management expects to accelerate loan growth in the second half of 2026.

• Robust capital position and resilient tangible book value support continued growth.

• Continued focus on expense rationalization and noninterest income generation.

• Management expects to maintain a strong liquidity position and well-capitalized status, with no material changes in risk factors or market risk disclosures.

• The company continues to monitor economic conditions, interest rates, and credit quality, with a focus on prudent capital and liquidity management.