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HomeTrust Bancshares , Inc. Home Trust Bancshares , Inc. Announces Financial Results for the Second Quarter of Fiscal 2021 and Quarterly Dividend ASHEVILLE , N.C. , January 28 , 2021 - HomeTrust Bancshares , Inc. ( NASDAQ : HTBI ) ( " Company " ) , the holding company of HomeTrust Bank ( " Bank " ) , today announced preliminary net income for the second quarter of fiscal 2021 and approval of its quarterly dividend . For the quarter ended December 31 , 2020 compared to the corresponding quarter in the previous year : • net income was $ 9.5 million , compared to $ 9.2 million ; • diluted earnings per share ( " EPS " ) was $ 0.57 , compared to $ 0.52 ; • . • return on assets ( " ROA " ) was 1.03 % , compared to 1.02 % ; return on equity ( " ROE " ) was 9.41 % , compared to 8.87 % ; provision for credit losses was a net benefit of $ 3.0 million , compared to provision of $ 400,000 ; • noninterest income increased $ 270,000 , or 3.0 % to $ 9.3 million from $ 9.1 million ; • 277,122 shares were repurchased during the quarter at an average price of $ 18.69 per share ; and quarterly cash dividends increased $ 0.01 per share , or 14.3 % to $ 0.08 per share totaling $ 1.3 million . For the six months ended December 31 , 2020 compared to the previous year : • net income was $ 15.2 million , compared to $ 18.0 million ; . diluted EPS was $ 0.92 , compared to $ 1.01 ; . ROA was 0.83 % , compared to 1.00 % ; • ROE was 7.58 % , compared to 8.72 % ; • provision for credit losses was a net benefit of $ 2.1 million , compared to a provision of $ 400,000 ; and noninterest income increased $ 1.2 million , or 7.5 % to $ 18.0 million from $ 16.7 million Earnings for the three and six months ended December 31 , 2020 continue to be negatively impacted by an economy weakened by COVID - 19 as well as a lower interest rate margin than the same periods last year , due to the decrease in interest rates over the past year . The Company also announced today that its Board of Directors declared a quarterly cash dividend of $ 0.08 per common share payable on March 4 , 2021 to shareholders of record as of the close of business on February 18 , 2021 . " We are extremely pleased that loan payment deferrals related to COVID - 19 have decreased 99 % since June to just $ 7.9 million , " said Dana Stonestreet , Chairman , President , and Chief Executive Officer . “ This change , coupled with continued strong asset quality indicators and the improvement in the economic forecasts that drive our estimates for credit losses , allowed us to release $ 3 million of our allowance for credit losses . " With this positive trend , we restarted our share repurchase program to capitalize on the current opportunity to buy back shares of HomeTrust at less than tangible book value . We repurchased 277,122 shares at approximately 83 % of tangible book value and have 573,882 shares remaining on this buyback program originally authorized back in April 2020 . " We set another new quarterly record of $ 109 million of mortgage loans originated for sale , which resulted in a gain on sale of almost $ 3 million . In addition , loan originations across the Company continue to exceed our expectations given the headwinds of the pandemic . The energy , enthusiasm , and engagement of all of our team will continue to drive our success as we work to put the pandemic behind us and focus on maturing all of our newer and diversified lines of business to achieve financial results that create shareholder value . " COVID - 19 Update Loan Programs . The Company continues to offer certain relief options designed to support its customers and communities , including participating in the additional SBA PPP funds approved in the recent stimulus bill enacted on December 27 , 2020. However , the Company expects a smaller number of applications to be made by its customers for these additional PPP funds . The Company did not originate any PPP loans for the three months ended December 31 , 2020. As of December 31 , 2020 , the Company had originated $ 80.8 million of PPP loans for 1