HomeTrust Bancshares Q2 net income increases

HomeTrust Bancshares, Inc., the holding company of HomeTrust Bank, has reported that net income for the second quarter ended December 31, 2012 was $2.27 million, compared to $843,000 for the second quarter ended December 31, 2011.

Net interest income for the second quarter ended December 31, 2012 was $13.58 million, compared to $14.12 million for the second quarter ended December 31, 2011.

Net income for the six months ended December 31, 2012 was $3.42 million, compared to $1.13 million for the six months ended December 31, 2011.

Net interest income for the six months ended December 31, 2012 was $27.1 million, compared to $27.95 million for the six months ended December 31, 2011.

Dana Stonestreet, President and COO said, "We are encouraged by our solid quarterly earnings which benefited from the substantial decrease in our provision for loan losses due to substantially lower net loan charge-offs as compared to last year. We believe this indicates that our local real estate markets have stabilized. We also benefitted from increased mortgage banking income."