HTB · HomeTrust Bancshares, Inc.

HomeTrust Bancshares reported strong first-quarter results for 2026, with net income of $16.8 million ($0.99 per diluted share) compared to $16.1 million ($0.93 per diluted share) in the prior quarter. The 4.0% increase was driven by a $1.7 million decrease in the provision for credit losses and a $635,000 increase in noninterest income, partially offset by a $1.3 million rise in noninterest expense. Net interest margin expanded to 4.31% from 4.20%, as deposit mix changes and reductions in funding costs outpaced a slight decline in asset yields. The provision for credit losses fell sharply to $370,000 from $2.1 million, reflecting lower loan loss provisioning and a $1.1 million benefit from off-balance sheet credit exposure. Noninterest income grew 6.8% to $10.0 million, led by a $728,000 increase in gains on sale of loans, particularly HELOCs. Noninterest expense rose 4.0% to $33.0 million, primarily due to higher salaries and benefits. The company also announced a 15.4% increase in its quarterly cash dividend to $0.15 per share, payable May 28, 2026, and repurchased 533,240 shares at an average price of $42.85 during the quarter. Management expressed confidence in the company's strength and future performance, citing top-quartile net interest margin and a robust capital position.