HomeTrust Bancshares, Inc. (HTBI) | Investment Case

1. Company Snapshot

1.a. Company Description

HomeTrust Bancshares, Inc.operates as the bank holding company for HomeTrust Bank that provides a range of retail and commercial banking products and services.Its deposit products include savings, money market, and demand accounts, as well as certificates of deposit for individuals, businesses, and nonprofit organizations.

The company's loan portfolio comprises retail consumer loans, such as one-to-four-family real estate lending, home equity lines of credit, construction and land/lots, indirect auto finance, and consumer lending; and commercial loans that include commercial real estate, construction and development, and commercial and industrial loans.It also provides small business administration loans, equipment finance leases, indirect automobile loans, and municipal leases; and cash management and online/mobile banking services.As of June 30, 2021, the company operated 41 offices in North Carolina, Upstate South Carolina, East Tennessee, and Southwest Virginia.

HomeTrust Bancshares, Inc.was founded in 1926 and is headquartered in Asheville, North Carolina.

Show Full description

1.b. Last Insights on HTBI

HomeTrust Bancshares' recent stock performance has been negatively impacted by the lack of significant growth in its loan portfolio and steady interest rates, which have limited its net interest income. Additionally, the company's provision for credit losses has been increasing, indicating a potential rise in bad debts. Furthermore, the absence of any notable acquisitions or significant announcements has contributed to the decline in investor sentiment. The recent quarterly dividend announcement and workplace recognition awards may have had a limited impact on the stock's performance.

1.c. Company Highlights

Last Price	36.55
Change Percentage	0.00%
Open	37.61
Previous Close	36.55
Market Cap ( Millions)	635
Volume	93478
Year High	38.99
Year Low	23.55
M A 50	35.47
M A 200	33.87

FCF Yield	15.06%
Dividend Yield	1.17%
ROE	11.09%
Debt / Equity	38.60%
Net Debt / EBIDTA	189.44%
Price To Book	1.19
Price Earnings Ratio	11.38
Price To FCF	6.64
Price To sales	2.49
EV / EBITDA	8.33

2. Transcript Summary

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3. NewsRoom

Earnings Estimates Rising for HomeTrust Bancshares (HTBI): Will It Gain?

Feb -20

Source: zacks.com

HomeTrust Bancshares, Inc. Announces Financial Results for the Fourth Quarter of the Year Ending December 31, 2024 and Quarterly Dividend

Jan -23

Source: globenewswire.com

HomeTrust Bancshares (HTBI) Q4 Earnings and Revenues Surpass Estimates

Jan -23

Source: zacks.com

HomeTrust Bank Named a 2025 America's Best Workplace and Best Place to Work in Tennessee and Virginia

Jan -16

Source: globenewswire.com

HomeTrust Bank Recognized Nationally for Financial Performance and Workplace Culture

Nov -13

Source: globenewswire.com

17 Upcoming Dividend Increases

Nov -07

Source: seekingalpha.com

HomeTrust Bancshares (HTBI) Lags Q3 Earnings Estimates

Oct -24

Source: zacks.com

HomeTrust Bank Committed to Serving Local Communities Following Hurricane Helene

Oct -03

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (9.00%)

6. Segments

Banking and Related Activities

Expected Growth: 9%

HomeTrust Bancshares, Inc.'s 9% growth in Banking and Related Activities is driven by strategic expansion into new markets, increased mortgage lending, and a rise in non-interest income from fees and services. Additionally, effective cost management and a strong balance sheet have enabled the company to capitalize on growth opportunities, further contributing to its impressive growth rate.

7. Detailed Products

Mortgage Loans

HomeTrust Bancshares, Inc. offers a range of mortgage loan options, including fixed-rate and adjustable-rate mortgages, government-backed loans, and jumbo loans.

Home Equity Loans and Lines of Credit

HomeTrust offers home equity loans and lines of credit, allowing homeowners to tap into the equity in their homes for various purposes, such as home renovations or debt consolidation.

Personal Banking Services

HomeTrust provides a range of personal banking services, including checking and savings accounts, debit cards, and online banking.

Commercial Banking Services

HomeTrust offers commercial banking services, including business checking and savings accounts, commercial loans, and cash management services.

Wealth Management Services

HomeTrust's wealth management services provide investment and financial planning advice, as well as trust and estate services.

Insurance Services

HomeTrust offers insurance services, including life insurance, long-term care insurance, and annuities.

8. HomeTrust Bancshares, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

HomeTrust Bancshares, Inc. operates in a highly competitive industry, but the threat of substitutes is mitigated by the complexity and regulation of the banking industry, making it difficult for new entrants to replicate their services.

Bargaining Power Of Customers

HomeTrust Bancshares, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the banking industry is highly competitive, making it easy for customers to switch to alternative providers.

Bargaining Power Of Suppliers

HomeTrust Bancshares, Inc. is not heavily reliant on a single supplier, and the banking industry has a diverse range of suppliers, reducing the bargaining power of individual suppliers.

Threat Of New Entrants

The banking industry is heavily regulated, and the barriers to entry are high, making it difficult for new entrants to enter the market and compete with established players like HomeTrust Bancshares, Inc.

Intensity Of Rivalry

The banking industry is highly competitive, with many established players competing for market share. HomeTrust Bancshares, Inc. operates in a crowded market, which increases the intensity of rivalry.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	58.62%
Debt Cost	7.85%
Equity Weight	41.38%
Equity Cost	7.85%
WACC	7.85%
Leverage	141.66%

11. Quality Control: HomeTrust Bancshares, Inc. passed 2 out of 9 key points

Strong Liquidity

Low Deb

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

BayCom

A-Score: 6.7/10

Value: 6.7

Growth: 7.0

Quality: 6.9

Yield: 4.0

Momentum: 7.5

Volatility: 8.0

1-Year Total Return ->

City Holding

A-Score: 6.6/10

Value: 4.5

Growth: 6.3

Quality: 7.6

Yield: 6.0

Momentum: 6.0

Volatility: 9.3

1-Year Total Return ->

Banner

A-Score: 6.4/10

Value: 6.6

Growth: 5.1

Quality: 7.8

Yield: 6.0

Momentum: 5.0

Volatility: 7.7

1-Year Total Return ->

Northwest Bancshares

A-Score: 6.3/10

Value: 6.1

Growth: 3.7

Quality: 6.2

Yield: 10.0

Momentum: 3.5

Volatility: 8.3

1-Year Total Return ->

First Busey

A-Score: 6.0/10

Value: 5.2

Growth: 5.2

Quality: 5.6

Yield: 8.0

Momentum: 4.0

Volatility: 8.0

1-Year Total Return ->

HomeTrust Bancshares

A-Score: 5.9/10

Value: 6.8

Growth: 8.0

Quality: 7.3

Yield: 2.0

Momentum: 5.0

Volatility: 6.0

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

2.08%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

7.85%

HomeTrust Bancshares, Inc. - US4378721041

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on HTBI

1.c. Company Highlights

Better Quality

Fairly Valued

Stable Momentum

Earnings Miss

Revenues Beats

Average Yield

Average Growth

Strong Momentum

Higher Growth

Revenues Miss

Earnings Beats

Lower Quality

Lower Yield

Lower Growth

Medium Volatility

Average Quality

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (9.00%)

6. Segments

Banking and Related Activities

Expected Growth: 9%

7. Detailed Products

Mortgage Loans

Home Equity Loans and Lines of Credit

Personal Banking Services

Commercial Banking Services

Wealth Management Services

Insurance Services

8. HomeTrust Bancshares, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: HomeTrust Bancshares, Inc. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

36.55$

Current Price

36.55$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA