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Stock impact report

HomeTrust Bancshares, Inc. Announces Balance Sheet Restructuring Update

HomeTrust Bancshares, Inc. (HTBI) 
Last hometrust bancshares, inc. earnings: 4/29 09:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.hometrustbanking.com
Company Research Source: GlobeNewswire
ASHEVILLE, N.C., March 10, 2020 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (NASDAQ: HTBI) (“Company”), the holding company of HomeTrust Bank (“Bank”), announced today that it will not pursue the sale of the remaining $85.6 million of one-to-four family loans previously reported as held for sale as of December 31, 2019, due to recent economic conditions and the current interest rate environment.  These loans with a 3.70% weighted average rate will be moved back to loans held for investment from loans held for sale prior to the quarter ended March 31, 2020.  Previously as part of a balance sheet restructuring, the Company announced the sale of $154.9 million of one-to-four family loans which generated an after-tax gain of $958,000 for the quarter ended December 31, 2019. About HomeTrust Bancshares, Inc. HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank. As of December 31, 2019, the Company had assets of $3.5 billion. The Bank, founded in 1926, is a North Carol Show less Read more
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