HomeTrust Bancshares Inc (HTBI) Options

Nice 4th Quarter. It's a shame for the drop today.

https://finance.yahoo.com/news/hometrust-bancshares-inc-reports-fourth-130000277.html

ASHEVILLE, N.C., July 25, 2019 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (HTBI) ("Company"), the holding company of HomeTrust Bank ("Bank"), today announced preliminary net income increased 11.2% to $8.0 million, or $0.44 per diluted share for the fourth quarter of fiscal 2019, compared to $7.2 million, or $0.38 per diluted share for the same period a year ago. Net income totaled $27.1 million, or $1.46 per diluted share for the year ended June 30, 2019, compared to $8.2 million, or $0.44 per diluted share for fiscal year 2018. Earnings during the year ended June 30, 2019 were negatively impacted by a $5.7 million provision primarily related to one $6.0 million commercial lending relationship, which was fully charged off. Earnings for the year ended June 30, 2018 included a $17.9 million write-down of deferred tax assets following a deferred tax revaluation resulting from enactment of the Tax Cuts and Jobs Act (“Tax Act”) with no comparable charge in fiscal year 2019.

"We concluded fiscal 2019 on yet another high note set by record net income,” said Dana Stonestreet, Chairman, President and Chief Executive Officer. “Our success reflects the hard work of our employees to ensure our customers and communities are, as we like to say, Ready for What's Next. As a result, we had over $1 billion in loan originations for the second year in a row; net organic loan growth of 10%; SBA loan sales that generated $3.4 million in noninterest income; and our new equipment finance line of business originated $147 million in loans and leases during the year. Continued improvements in our financial performance led to our first cash dividend along with the adoption of our sixth stock repurchase program. As we look into fiscal 2020 and beyond, we will remain focused and disciplined on executing our strategic plan to deliver more value to our customers and shareholders."

Highlights for the quarter ended June 30, 2019 compared to the corresponding quarter in the previous year:

return on assets ("ROA") increased 4.5% to 0.92% from 0.88%;
net interest income increased $1.0 million, or 3.9% to $26.9 million from $25.9 million;
noninterest income increased $1.7 million, or 34.6% to $6.8 million from $5.1 million;
provision for loan losses increased to $200,000 from $0;
organic net loan growth, which excludes purchases of home equity lines of credit, was $56.0 million, or 8.9% annualized compared to $80.3 million, or 14.1% annualized;
292,630 shares were repurchased during the quarter at an average price of $25.01 per share; and
quarterly cash dividends of $0.06 per share totaling $1.1 million.
Highlights for the year ended June 30, 2019 compared to the year ended June 30, 2018:

ROA was 0.80%, compared to 0.25%;
net interest income increased $5.5 million, or 5.5% to $106.9 million from $101.3 million;
noninterest income increased $3.9 million, or 20.7% to $22.9 million from $19.0 million;
provision for loan losses increased to $5.7 million from $0;
net loans receivable increased 7.1% to $2.7 billion from $2.5 billion;
organic net loan growth was $228.6 million, or 9.7% compared to $171.3 million, or 7.8%;
nonperforming assets decreased 9.0% to $13.3 million, or 0.38% of total assets compared to $14.6 million, or 0.44% of total assets;
total deposits increased 6.0% to $2.3 billion from $2.2 billion; and
1,149,785 shares of common stock were repurchased during the year at an average price of $26.65 per share.