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HomeTrust Bancshares , Inc. Home Trust Bancshares , Inc. Announces Financial Results for the Third Quarter of Fiscal 2021 and Quarterly Dividend ASHEVILLE , N.C. , April 28 , 2021 – HomeTrust Bancshares , Inc. ( NASDAQ : HTBI ) ( " Company " ) , the holding company of HomeTrust Bank ( " Bank " ) , today announced preliminary net income for the third quarter of fiscal 2021 and approval of its quarterly dividend . For the quarter ended March 31 , 2021 compared to the corresponding quarter in the previous year : net income was $ 7.9 million , compared to $ 1.2 million ; • diluted earnings per share ( " EPS " ) was $ 0.48 , compared to $ 0.07 ; • • • return on assets ( " ROA " ) was 0.84 % , compared to 0.14 % ; return on equity ( " ROE " ) was 7.78 % , compared to 1.15 % ; provision for credit losses was a net benefit of $ 4.1 million , compared to a provision of $ 5.4 million ; • noninterest income increased $ 4.3 million , or 67.5 % to $ 10.7 million from $ 6.4 million ; • 289,333 shares were repurchased during the quarter at an average price of $ 22.62 per share ; and quarterly cash dividends continued at $ 0.08 per share totaling $ 1.3 million . For the nine months ended March 31 , 2021 compared to the previous year : . net income was $ 23.1 million , compared to $ 19.2 million ; • diluted EPS was $ 1.40 , compared to $ 1.08 ; • ROA was 0.83 % , compared to 0.72 % ; • ROE was 7.64 % , compared to 6.19 % ; • provision for credit losses was a net benefit of $ 6.2 million , compared to a provision of $ 5.8 million ; and . noninterest income increased $ 5.6 million , or 24.0 % to $ 28.7 million from $ 23.1 million . Net income for the three and nine months ended March 31 , 2021 was positively impacted by a $ 3.4 million and $ 4.4 million , respectively , increase in gain on sale of loans mainly driven by the origination and sale of residential mortgage loans given the continued low rate environment as well as the net benefit for credit losses over the same two periods compared to prior year . Partially offsetting these for the three and nine months ended March 31 , 2021 was a $ 3.7 million prepayment penalty related to the early retirement of $ 200.0 million in borrowings as well as a lower net interest 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 June 3 , 2021 to shareholders of record as of the close of business on May 20 , 2021 . " While we've faced extraordinary challenges during this pandemic , our financial results are reflective of the positive momentum continuing in all of our lines of business , " said Dana Stonestreet , Chairman , President , and Chief Executive Officer . " Again , we were able to release reserves this quarter with a $ 4.1 million benefit for credit losses resulting from the continued financial strength of our borrowers and improvement in the economic forecast . In addition , we reduced borrowings by $ 200 million to lower our cost of funds going forward , paying a prepayment penalty of $ 2.8 million ( after - tax ) , and repurchased 289,333 of our shares during the quarter . " Home Trust had another strong quarter with the sale of $ 107 million of residential mortgages producing a gain of $ 2.7 million which was a 220 % increase from the same quarter last year as well as a record quarter for the gain on sale of SBA loans of $ 1.8 million which was up 295 % over the same quarter last year . Our equipment finance portfolio grew $ 64 million to $ 317 million which was a 33 % annualized increase year - to - date as this new line of business continues to build momentum . We continue to focus on enhancing the asset origination capacity of all of our lines of business . " We continue to focus on the overall digital experience of our customers including making online account opening easier and faster . The pandemic drove home the importance of strengthening all our service delivery channels to be able to scale according to customer preferences on how they want our services to be delivered . We expect continued growth in all of our diversified lines of business as we focus on achieving improved financial results that create shareholder value . " 1