HomeTrust Bancshares, Inc. (HTB) completed its 5 % stock repurchase program, buying back 806,000 shares at an average price of $31.84 per share, and the board has authorized a second program that allows the company to repurchase up to 870,000 additional shares—roughly 5 % of the current outstanding shares.
The first program was launched in March 2022 and was designed to return value to shareholders while preserving liquidity. The new authorization follows a similar strategy that the company employed in July 2021, when it completed a 5 % buyback that began in April 2020. The move signals management’s confidence in the firm’s valuation and a continued emphasis on capital allocation in a stable earnings environment.
HTB’s balance sheet remains robust, with $4.6 billion in assets as of September 30 2025. Net income for Q3 2025 was $16.5 million, or $0.95 per diluted share, down 4.2 % from the $17.2 million ($1.00 EPS) reported in Q2 2025. Net interest income rose $1.2 million quarter‑over‑quarter, and the net interest margin expanded to 4.32 % in Q2 2025 from 4.18 % in Q1 2025. Full‑year 2024 net income of $54.8 million marked a 9.6 % increase over the $50.0 million reported in 2023.
President and CEO Hunter Westbrook said the company remains focused on financial performance over loan growth and that the buyback programs are part of a disciplined approach to capital allocation. He noted that the company’s strong cash position and well‑capitalized banking subsidiary give it the flexibility to deploy excess cash in a way that supports share price and earnings per share.
HTB operates in the Banks – Southeast industry, which ranks in the top 25 % of Zacks industries, and it has been recognized as one of Forbes’ ‘Best U.S. Banks’ and ‘America’s Best Banks.’ The company’s merger with Quantum Capital Corp. in 2023 added to its asset base and deposit book, while its dividend has increased for eight consecutive years, underscoring a commitment to returning value to shareholders.
The completion of the first buyback and the authorization of a second program reinforce HTB’s strategy of optimizing its footprint and focusing on profitability rather than aggressive expansion. The company’s solid earnings trajectory, strong net interest margin, and disciplined capital allocation position it to continue delivering value to shareholders in the coming quarters.
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