HomeTrust Bancshares Announces Sale Of $160M Pf One-To-Four Family Loans Reported As Held For Sale

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) (“Company”), the holding company of HomeTrust Bank (“Bank”), announced the sale of approximately $160 million of one-to-four family loans previously

Benzinga · 12/19/2019 21:32

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) (“Company”), the holding company of HomeTrust Bank (“Bank”), announced the sale of approximately $160 million of one-to-four family loans previously reported as held for sale as of September 30, 2019. This sale generated a gain of approximately $1.3 million which will be included in the Company’s pretax income for the quarter ended December 31, 2019.  The loans sold had a weighted average rate of 3.50% and included both fixed and adjustment rate loans previously originated by the Bank. The Company plans to sell up to $90 million more of these loans in the quarter ended March 31, 2020.