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June 2, 2014
08:19 EDTJFBI, HTBIHomeTrust, Jefferson Bancshares complete merger
HomeTrust Bancshares, the holding company for HomeTrust Bank (HTBI), announced the completion of its acquisition of Jefferson Bancshares (JFBI) of Morristown, Tennessee, effective May 31. In connection with the acquisition, Jefferson Federal Bank, the bank subsidiary of Jefferson, was merged into HomeTrust Bank. The bank merger results in a community bank with total assets of approximately $2.1B and an expanded banking presence for HomeTrust in the Kingsport/Johnson City, Knoxville, and Morristown, Tennessee markets. HomeTrust will continue to operate Jefferson's twelve offices under the Jefferson Federal Bank name until a system conversion is completed in August. The company said, "The Jefferson combination represents HomeTrust's second acquisition in 23 months, with a third acquisition scheduled for completion during the third calendar quarter of 2014. Once the three acquisitions are completed, since converting to stock in July 2012, we will have achieved a $750M, or 50% growth in assets and a 75% increase in banking offices, from 20 to 35 full service offices located in North Carolina, Eastern Tennessee and Greenville, South Carolina."
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%.

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