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Stock Market & Financial Investment News

News Breaks
May 27, 2014
16:22 EDTHTBI, JFBIHomeTrust, Jefferson Bancshares announce shareholder, regulatory approval
HomeTrust Bancshares, (HTBI) and Jefferson Bancshares (JFBI) announced jointly that Jefferson Bancshares' shareholders have overwhelmingly approved the previously announced merger of the company with and into HomeTrust Bancshares,. In addition, HomeTrust Bancshares has received all regulatory approvals required for the completion of the merger. The merger is expected to become effective as of May 31, subject to the satisfaction of customary closing conditions. Based on a May 31, 2014 effective date, each shareholder of the company will receive merger consideration consisting of $4.00 in cash and .2661 shares of HomeTrust Bancshares common stock for each share of company common stock owned as of the effective date.
News For HTBI;JFBI From The Last 14 Days
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January 29, 2016
16:08 EDTHTBIHomeTrust reports Q2 EPS 14c, consensus 17c
Net interest income of $20.2 million for the quarter ended December 31, 2015, remained consistent with the same period in 2014. Average interest-earning assets increased $259.0 million to $2.5 billion for the quarter ended December 31, 2015 from the comparative quarter in 2014, mainly from our leveraging strategy, where additional short-term Federal Home Loan Bank borrowings are invested in various short-term liquid assets to generate additional net interest income, as well as dividend income from the required purchase of additional FHLB stock. As expected, net interest margin for the three months ended December 31, 2015 decreased 40 basis points to 3.34% from 3.74% as a result of increasing average short-term FHLB borrowings for the quarter ended December 31, 2015 by $278.0 million compared to the same period last year. Our leveraging strategy produced an additional $749,000 in interest income during the quarter ended December 31, 2015, at an average yield of 74 basis points, while the average cost of the borrowings was 23 basis points, resulting in approximately $520,000 in net interest income during the quarter. Excluding the effects of the leveraging strategy, the net interest margin would be 3.88%.
January 25, 2016
16:18 EDTHTBIHomeTrust completes previous stock repurchase program
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