HomeTrust Bancshares, Inc. Announces Profitability Improvement Plan and Balance Sheet Restructuring
ASHEVILLE, N.C., June 15, 2021 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (NASDAQ: HTBI) (the Company), the holding company of HomeTrust Bank (the Bank), today announced its plans to further improve profitability by closing nine bank branches and restructuring its balance sheet with the prepayment of its remaining long-term borrowings. In addition, beginning July 1, 2021, the Bank will bring its back-office Small Business Administration (SBA) loan servicing process in-house, which is expected to provide additional servicing fee and gain on sale income.
HomeTrust Bancshares, Inc. Announces Profitability Improvement Plan and Balance Sheet Restructuring
ASHEVILLE, N.C., June 15, 2021 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (NASDAQ: HTBI) (the Company), the holding company of HomeTrust Bank (the Bank), today announced its plans to further improve profitability by closing nine bank branches and restructuring its balance sheet with the prepayment of its remaining long-term borrowings. In addition, beginning July 1, 2021, the Bank will bring its back-office Small Business Administration (SBA) loan servicing process in-house, which is expected to provide additional servicing fee and gain on sale income.