HomeTrust (NYSE: HTB) lifts profit and lines up Blue Ridge merger

What happened

HomeTrust Bancshares, Inc. (NYSE: HTB) said preliminary third-quarter net income rose to $18.0 million from $15.6 million.

Diluted EPS increased to $1.11 from $0.94. Annualized ROA was 1.65% and annualized ROE was 12.06%. Net interest margin improved to 4.46% from 4.41%, and provision for credit losses fell to $805,000 from $920,000.

The board declared a quarterly cash dividend of $0.15 per common share. It is payable November 25, 2026, to shareholders of record as of the close of business on November 12, 2026.

The company repurchased 923,897 shares at an average price of $48.03, compared with 153,606 shares at $46.31 in the prior quarter.

HomeTrust also said its boards approved a definitive merger agreement to acquire Blue Ridge Bankshares, Inc. Each Blue Ridge share will be exchanged for 0.086 of a HomeTrust share plus cash in lieu of fractional shares.

Key numbers

Metric	Latest	Change	Source
Quarterly net income	$18.0 million	from $15.6 million, +$2.4 million	SEC 8-K
Quarterly diluted EPS	$1.11	from $0.94, +$0.17	SEC 8-K
Nine-month net income	$50.4 million	from $48.2 million, +$2.2 million	SEC 8-K
Nine-month diluted EPS	$3.04	from $2.79, +$0.25	SEC 8-K
Nine-month net interest margin	4.39%	from 4.27%, +0.12 percentage points	SEC 8-K
Nine-month provision for credit losses	$2.1 million	from $4.9 million, -$2.8 million	SEC 8-K

Read more: HomeTrust Bancshares (HTB) stock analysis and investment case

Why it matters

OptimistFi's case is that HomeTrust works if its local-bank funding, underwriting, and balance-sheet mix keep producing higher earnings without needing aggressive asset growth. This filing is mixed for that view.

Quarterly net income rose 14.9%, and net income for the first nine months rose to $50.4 million from $48.2 million a year earlier.

The nine-month net interest margin was 4.39%, up from 4.27%. Provision for credit losses fell to $2.1 million from $4.9 million.

HomeTrust said total assets fell $123.9 million to $4.4 billion at September 30, 2026, and deposits declined $126.4 million.

The company said existing liquidity and loan-sale proceeds funded $50.2 million in loan growth and stock repurchases.

The deposit decline came from a $145.6 million reduction in brokered deposits, partly offset by a $19.2 million increase in other deposit categories.

The company also said $181.2 million of HELOC loans were sold with $1.4 million of gains, compared with $243.5 million sold with $2.3 million of gains a year earlier.

Stock perps: every US stock that trades as a perpetual future, by leverage, live

What's next

The quarterly dividend is payable November 25, 2026, to shareholders of record November 12, 2026.

HomeTrust said the Blue Ridge deal is expected to close early in the first quarter of 2027, subject to regulatory and shareholder approvals and customary closing conditions.

A completed closing would strengthen the merger case. A delay would leave the current deposit and funding trend as the key read on the business.

More from OptimistFi

• HTB stock: the HomeTrust Bancshares thesis, its status and the next test to watch
• Stock research on every company OptimistFi covers

From OptimistFi Perps