Jefferson Bancshares (JFBI) 8.02 $JFBI
HomeTrust Bancshares, Inc. Reports Increased Earnings for Fiscal Year End 2014
GlobeNewswire - Mon Jul 28, 3:15PM CDT
HomeTrust Bancshares, Inc. (Nasdaq:HTBI) (Company), the holding company of HomeTrust Bank, today announced preliminary net income of $10.3 million for the fiscal year ended June 30, 2014 compared to net income of $9.1 million for fiscal year 2013, a 14.2% increase. The increase in net income was primarily driven by improved asset quality leading to a recovery for loan losses of $6.3 million. Net income before merger-related expenses, net of tax, for the fiscal year end of 2014 was $12.2 million compared to $9.1 million for fiscal year 2013, a 35.0% increase. On a basic and diluted per share basis, the Company earned $0.54 per share for the fiscal year ended June 30, 2014 versus $0.45 per share for the fiscal year ended June 30, 2013. Earnings per share before merger-related expenses, net of tax, was $0.64 per share for the fiscal year ended June 30, 2014, an increase of 42.2% compared to the prior fiscal year.
JFBI: 8.02 (unch), HTBI: 15.86 (+0.13)
HomeTrust Bancshares, Inc. and Bank of Commerce Announce Shareholder and Regulatory Approval of Share Exchange and Merger
GlobeNewswire - Mon Jun 30, 3:10PM CDT
HomeTrust Bancshares, Inc. ("HomeTrust"
(Nasdaq:HTBI), the parent company of HomeTrust Bank (the "Bank" , and Bank of Commerce (BONC.OB) jointly announced today that Bank of Commerce's shareholders have overwhelmingly approved the previously announced share exchange. In addition, all regulatory approvals required for the share exchange and the subsequent merger of Bank of Commerce with and into the Bank have been received. Under the terms of the definitive agreement, Bank of Commerce shareholders will receive $6.25 per share in cash consideration, representing approximately $10.1 million of aggregate deal consideration. In addition, all $3.2 million of Bank of Commerce's preferred stock will be redeemed. The share exchange, redemption of the preferred stock and merger are each expected to close on July 31, 2014, subject to the satisfaction of customary closing conditions. Upon the completion of the merger, HomeTrust will have approximately $2.2 billion in assets.
JFBI: 8.02 (unch), HTBI: 15.86 (+0.13)
HomeTrust Bancshares, Inc. Reports Increased Earnings for Fiscal Year End 2014
GlobeNewswire - Mon Jul 28, 3:15PM CDT
HomeTrust Bancshares, Inc. (Nasdaq:HTBI) (Company), the holding company of HomeTrust Bank, today announced preliminary net income of $10.3 million for the fiscal year ended June 30, 2014 compared to net income of $9.1 million for fiscal year 2013, a 14.2% increase. The increase in net income was primarily driven by improved asset quality leading to a recovery for loan losses of $6.3 million. Net income before merger-related expenses, net of tax, for the fiscal year end of 2014 was $12.2 million compared to $9.1 million for fiscal year 2013, a 35.0% increase. On a basic and diluted per share basis, the Company earned $0.54 per share for the fiscal year ended June 30, 2014 versus $0.45 per share for the fiscal year ended June 30, 2013. Earnings per share before merger-related expenses, net of tax, was $0.64 per share for the fiscal year ended June 30, 2014, an increase of 42.2% compared to the prior fiscal year.
JFBI: 8.02 (unch), HTBI: 15.86 (+0.13)
HomeTrust Bancshares, Inc. and Bank of Commerce Announce Shareholder and Regulatory Approval of Share Exchange and Merger
GlobeNewswire - Mon Jun 30, 3:10PM CDT
HomeTrust Bancshares, Inc. ("HomeTrust"
(Nasdaq:HTBI), the parent company of HomeTrust Bank (the "Bank" , and Bank of Commerce (BONC.OB) jointly announced today that Bank of Commerce's shareholders have overwhelmingly approved the previously announced share exchange. In addition, all regulatory approvals required for the share exchange and the subsequent merger of Bank of Commerce with and into the Bank have been received. Under the terms of the definitive agreement, Bank of Commerce shareholders will receive $6.25 per share in cash consideration, representing approximately $10.1 million of aggregate deal consideration. In addition, all $3.2 million of Bank of Commerce's preferred stock will be redeemed. The share exchange, redemption of the preferred stock and merger are each expected to close on July 31, 2014, subject to the satisfaction of customary closing conditions. Upon the completion of the merger, HomeTrust will have approximately $2.2 billion in assets. JFBI: 8.02 (unch), HTBI: 15.86 (+0.13)
