HomeTrust Q3 EPS $1.11 as NIM Hits 4.46%, But Nonperforming Assets Jump to 1.59%
HTB sits 22% above its 52-week low of $38.82.
Summary
HomeTrust earned $1.11 per diluted share in Q3 2026, up from $0.94, on a 4.46% net interest margin, while nonperforming assets rose to 1.59% of total assets and classified assets climbed 30.2%. The $0.15 quarterly dividend was declared and buybacks continued at a faster pace.
Key Events · Earnings and Guidance · HTB
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Q3 Earnings Beat Prior Quarter
Net income of $18.0 million, or $1.11 per diluted share, versus $15.6 million and $0.94 in Q2 2026. Net interest margin expanded to 4.46% from 4.41%.
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Asset Quality Deteriorates Sharply
Nonperforming assets rose to $70.4 million, or 1.59% of total assets, from $54.7 million and 1.23% at June 30. Classified assets increased 30.2% to $92.1 million, including a newly classified $18.0 million commercial relationship with no loss anticipated.
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Allowance Coverage Falls
The allowance for credit losses covered 60.02% of nonperforming loans at September 30, down from 78.63% at June 30 and 94.75% at December 31, 2025.
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Buybacks Accelerate
923,897 shares repurchased in Q3 at an average of $48.03, versus 153,606 shares at $46.31 in Q2. Year-to-date repurchases total 1,610,743 shares at $46.15.
Analysis · HTB · Finance
Earnings beat the prior quarter on both the top and bottom line: net income rose 14.9% to $18.0 million and EPS climbed to $1.11 from $0.94, helped by a 4.46% net interest margin and a $1.9 million tax benefit from renewable energy credits. The offset is credit quality. Nonperforming assets rose to $70.4 million, or 1.59% of total assets, from 1.23% last quarter, and classified assets jumped 30.2% to $92.1 million. Management flagged one newly classified $18.0 million commercial relationship and said no loss is expected, but the allowance for credit losses now covers only 60% of nonperforming loans, down from 79% a quarter ago. The company also kept buying back stock aggressively, repurchasing 923,897 shares at $48.03 in the quarter, and declared the usual $0.15 dividend. The pending $448 million Blue Ridge acquisition, expected to close early in Q1 2027, remains the bigger swing factor for the stock.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 29.1% of the 1524 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.52%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, HTB was trading at $47.43 on NYSE in the Finance sector, with a market capitalization of approximately $786.7M. The 52-week trading range was $38.82 to $52.50. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.