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Last $15.48 USD
Change Today -0.02 / -0.13%
Volume 163.9K
HTBI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

10 Woodfin Street

Asheville, NC 28801

United States

Phone: 828-259-3939

Fax:

HomeTrust Bancshares, Inc. operates as the holding company for HomeTrust Bank that provides various banking products and services. The company’s principal business consists of attracting deposits from the general public and investing those funds, along with borrowed funds, in loans secured primarily by first and second mortgages on one- to four-family residences, including home equity loans and construction and land/lot loans, commercial real estate loans, construction and development loans, and municipal leases. As of June 30, 2014, the company had 34 banking offices in North Carolina (including the Asheville metropolitan area and the ‘Piedmont’ region), South Carolina (Greenville), and East Tennessee (including Kingsport/Johnson City, Knoxville, and Morristown). Lending Activities Retail Consumer Loans One-to Four-Family Real Estate Lending: The company originates loans secured by first mortgages on one-to four-family residences for the purchase or refinance of owner-occupied primary or secondary residences located primarily in its market areas. It originates one-to four-family residential mortgage loans primarily through referrals from real estate agents, builders, and from existing customers. The company originates both fixed-rate loans and adjustable-rate loans. Home Equity Lines of Credit: The company’s home equity loans include adjustable-rate lines of credit. Construction and Land/Lots: The company originates construction to permanent loans to homeowners building a residence. In addition, it originates land/lot loans primarily for the purchase or refinance of an improved lot for the construction of a residence to be occupied by the borrower. Consumer Lending: The company’s consumer loans consist principally of automobile loans. It also originates loans secured by savings deposits and other consumer loans. Commercial Loans Commercial Real Estate Lending: The company originates commercial real estate loans, including loans secured by hotels, office space, office/warehouse, retail strip centers, vehicle dealerships, mini-storage facilities, medical and professional buildings, retail sites, and churches located in its market areas. It offers both fixed and adjustable rate commercial real estate loans. Its commercial real estate mortgage loans include a balloon maturity of five years or less. Construction and Development Lending: The company’s construction and development loans are primarily for the purchase or refinance of unimproved land held for future residential development, improved residential lots held for speculative investment purposes and for the future construction of speculative one-to-four-family or commercial real estate. It also originates construction loans for the development of business properties and multi-family dwellings. Commercial and Industrial Loans: The company offers commercial and industrial loans to small businesses located in its primary market areas. These loans are primarily originated as conventional loans to business borrowers, which include lines of credit, term loans, and letters of credit. These loans are secured by collateral and are used for general business purposes, including working capital financing, equipment financing, capital investment, and general investments. Municipal Leases: The company offers ground and equipment lease financing to fire departments located primarily throughout North Carolina and South Carolina. It originates these loans primarily through a third party that assigns the lease to the company after it funds the loan. These leases are at a fixed rate of interest and might have a term to maturity of approximately 20 years. Investment Activities The company’s investment portfolio includes U.S. government and federal agency securities; Mortgage-backed securities; Municipal bonds; Corporate bonds; and Federal Home Loan Bank stock. Deposits The company offers various deposit accounts for individuals, businesses and nonprofit organizations. Its deposits consist of savings, money market, and demand accounts; and certificates of deposit. Subsidiary and Other Activities The bank has one operating subsidiary, Western North Carolina Service Corporation, whose primary purpose is to own various office buildings in Asheville, North Carolina, which are leased to the bank and other tenants. Regulations The company is a bank holding company and is subject to regulation by the Board of Governors of the Federal Reserve System (Federal Reserve). The company is also subject to the rules and regulations of the SEC under the federal securities laws. The business activities of the company are limited to those activities permissible for bank holding companies under Section 4(c)(8) of the Bank Holding Company Act and certain additional activities authorized by the Federal Reserve regulations. The bank is regulated by the Office of the Comptroller of the Currency (OCC), its primary federal regulator, and by the Federal Deposit Insurance Corporation, the insurer of its deposits. The bank is a member of the Federal Home Loan Bank of Atlanta. The Consumer Financial Protection Bureau (CFPB) issues regulations under those laws that the bank must comply with. The bank is also regulated by the Federal Reserve, which governs the reserves to be maintained against deposits and other matters. Signficant Events In November 2014, HomeTrust Bancshares, Inc. announced the opening of a Commercial Loan Production Office in Raleigh, N.C. The HomeTrust Bank Loan Production Office would provide businesses in the greater Raleigh market with a full array of commercial banking services. History HomeTrust Bancshares, Inc. was founded in 1926.

 

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Industry Analysis

HTBI

Industry Average

Valuation HTBI Industry Range
Price/Earnings 42.1x
Price/Sales 3.4x
Price/Book 0.8x
Price/Cash Flow 44.7x
TEV/Sales NM Not Meaningful
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