HomeTrust Bancshares, Inc. announces the completion of its 5% stock repurchase program initiated in March 2022.
A total of 806,000 shares were repurchased at an average price of $31.84 per share.
The Company's Board of Directors authorizes the repurchase of up to 870,000 additional shares, approximately 5% of the outstanding shares.
Stock Repurchase Program Completion
806,000 shares repurchased at $31.84 per share.
New Stock Repurchase Authorization
Board authorized repurchase of up to 870,000 shares.
Company Background
HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank, operating in multiple states with total assets of $4.6 billion.
- The completion of the stock repurchase program indicates a positive outlook for the company's financial performance.
- Authorization of the new program reflects confidence in the company's future prospects and commitment to enhancing shareholder value.
HomeTrust Bancshares' strategic decisions regarding stock repurchases demonstrate a focus on maximizing shareholder value and maintaining strong financial performance in the future.