HomeTrust Bancshares, Inc. (NYSE: HTB) announced its financial results for the third quarter of 2026, reporting net income of $18.0 million, or $1.11 per diluted share. This figure represents an increase of $2.4 million, or 14.9%, compared to the prior quarter, which ended June 30, 2026.
The company reported an annualized return on assets (ROA) of 1.65% and an annualized return on equity (ROE) of 12.06% for the third quarter. The net interest margin expanded to 4.46% from 4.41% in the previous quarter. The increase in net income was driven by a $1.2 million rise in net interest income and a $1.4 million decrease in income tax expense due to the utilization of purchased renewable energy income tax credits.
The provision for credit losses was $805,000 for the quarter, a decrease of $115,000 from the prior quarter. The company also repurchased 923,897 shares of common stock during the third quarter at an average price of $48.03 per share.
HomeTrust’s Board of Directors declared a quarterly cash dividend of $0.15 per common share. This dividend is payable on November 25, 2026, to shareholders of record as of the close of business on November 12, 2026.
In other corporate news, the company announced the signing of a definitive merger agreement with Blue Ridge Bankshares, Inc. on August 16, 2026. Under the terms of the agreement, Blue Ridge will merge into HomeTrust, with Blue Ridge continuing as the surviving corporation initially. Following this merger, Blue Ridge will merge into HomeTrust, and Blue Ridge Bank will merge into HomeTrust Bank. The transaction is expected to close in the first quarter of 2027, subject to regulatory and shareholder approvals. Upon completion, Blue Ridge shareholders are expected to own approximately 35% of the combined company.
