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HomeTrust Bancshares Piotroski F-Score

: 4 (As of Today)
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The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

HomeTrust Bancshares has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for HomeTrust Bancshares's Piotroski F-Score or its related term are showing as below:

NAS:HTBI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 4

3
8

During the past 12 years, the highest Piotroski F-Score of HomeTrust Bancshares was 8. The lowest was 3. And the median was 6.


HomeTrust Bancshares Piotroski F-Score Historical Data

The historical data trend for HomeTrust Bancshares's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

HomeTrust Bancshares Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 4.00 6.00 3.00 4.00

HomeTrust Bancshares Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 3.00 2.00 3.00 4.00

Competitive Comparison

For the Banks - Regional subindustry, HomeTrust Bancshares's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

HomeTrust Bancshares Piotroski F-Score Distribution

For the Banks industry and Financial Services sector, HomeTrust Bancshares's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where HomeTrust Bancshares's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was 5.753 + 9.461 + 7.869 + -7.408 = $15.7 Mil.
Cash Flow from Operations was -55.783 + 24.251 + 33.21 + 1.078 = $2.8 Mil.
Revenue was 34.183 + 35.466 + 36.385 + 37.174 = $143.2 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(3722.852 + 3674.034 + 3679.971 + 3648.613 + 3524.723) / 5 = $3650.0386 Mil.
Total Assets at the begining of this year (Jun20) was $3,722.9 Mil.
Long-Term Debt & Capital Lease Obligation was $115.0 Mil.
Total Assets was $3,524.7 Mil.
Total Liabilities was $3,128.2 Mil.
Net Income was 8.804 + 9.191 + 1.193 + 3.595 = $22.8 Mil.

Revenue was 34.752 + 35.986 + 31.699 + 31.463 = $133.9 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(3476.178 + 3655.309 + 3470.232 + 3548.033 + 3722.852) / 5 = $3574.5208 Mil.
Total Assets at the begining of last year (Jun19) was $3,476.2 Mil.
Long-Term Debt & Capital Lease Obligation was $475.0 Mil.
Total Assets was $3,722.9 Mil.
Total Liabilities was $3,314.6 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

HomeTrust Bancshares's current Net Income (TTM) was 15.7. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

HomeTrust Bancshares's current Cash Flow from Operations (TTM) was 2.8. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun20)
=15.675/3722.852
=0.00421048

ROA (Last Year)=Net Income/Total Assets (Jun19)
=22.783/3476.178
=0.00655404

HomeTrust Bancshares's return on assets of this year was 0.00421048. HomeTrust Bancshares's return on assets of last year was 0.00655404. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

HomeTrust Bancshares's current Net Income (TTM) was 15.7. HomeTrust Bancshares's current Cash Flow from Operations (TTM) was 2.8. ==> 2.8 <= 15.7 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=115/3650.0386
=0.03150652

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=475/3574.5208
=0.13288495

HomeTrust Bancshares's gearing of this year was 0.03150652. HomeTrust Bancshares's gearing of last year was 0.13288495. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Jun21)=Total Assets/Total Liabilities
=3524.723/3128.204
=1.12675612

Current Ratio (Last Year: Jun20)=Total Assets/Total Liabilities
=3722.852/3314.589
=1.12317153

HomeTrust Bancshares's current ratio of this year was 1.12675612. HomeTrust Bancshares's current ratio of last year was 1.12317153. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

HomeTrust Bancshares's number of shares in issue this year was 16.963. HomeTrust Bancshares's number of shares in issue last year was 16.596. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=15.675/143.208
=0.10945618

Net Margin (Last Year: TTM)=Net Income/Revenue
=22.783/133.9
=0.17014937

HomeTrust Bancshares's net margin of this year was 0.10945618. HomeTrust Bancshares's net margin of last year was 0.17014937. ==> Last year's net margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun20)
=143.208/3722.852
=0.03846728

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=133.9/3476.178
=0.03851932

HomeTrust Bancshares's asset turnover of this year was 0.03846728. HomeTrust Bancshares's asset turnover of last year was 0.03851932. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+0+1+1+0+0+0
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

HomeTrust Bancshares has an F-score of 4 indicating the company's financial situation is typical for a stable company.

HomeTrust Bancshares  (NAS:HTBI) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


HomeTrust Bancshares Piotroski F-Score Related Terms

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HomeTrust Bancshares Business Description

HomeTrust Bancshares logo
Industry
Financial Services » Banks NAICS : 522120 SIC : 6035
Traded in Other Exchanges
N/A
Address
10 Woodfin Street, Asheville, NC, USA, 28801
HomeTrust Bancshares Inc operates as a bank holding company, which offers deposit accounts for individuals, businesses, and nonprofit organizations for HomeTrust Bank. It involves attracting deposits, including savings money market, demand accounts, and certificates of deposit from the general public. The company's loan portfolio comprises retail consumer loans, such as one-to-four-family residential property lending, home equity lines of credit, construction and land/lots, indirect auto finance, and consumer lending; and commercial loans, including commercial real estate lending, construction, and development lending, and commercial and industrial loans.
Executives
Koontz Craig C. director C/O HOMETRUST BANCSHARES, INC. 10 WOODFIN STREET ASHEVILLE NC 28801
Vuncannon Tony J. officer: EVP, CFO and Treasurer C/O HOMETRUST BANCSHARES, INC. 10 WOODFIN STREET ASHEVILLE NC 28801
Westbrook Hunter officer: EVP, Chief Banking Officer C/O HOMETRUST BANCSHARES, INC. 10 WOODFIN STREET ASHEVILLE NC 28801
Williams Richard Tyrone director HOMETRUST BANCSHARES, INC. 10 WOODFIN STREET ASHEVILLE NC 28801
Kendall Laura C director C/O CHARLES & COLVARD 3800 GATEWAY BLVD #310 MORRISVILLE NC 27560
Houghton Keith J officer: EVP, Chief Credit Officer C/O HOMETRUST BANCSHARES, INC. 10 WOODFIN STREET ASHEVILLE NC 28801
Stonestreet Dana L. director, officer: President and CEO C/O HOMETRUST BANCSHARES, INC. 10 WOODFIN STREET ASHEVILLE NC 28801
Biesecker Sidney A. director C/O HOMETRUST BANCSHARES, INC. 10 WOODFIN STREET ASHEVILLE NC 28801
Goforth J. Steven director C/O HOMETRUST BANCSHARES, INC. 10 WOODFIN STREET ASHEVILLE NC 28801
Mcfarland F. K. Iii director C/O HOMETRUST BANCSHARES, INC. 10 WOODFIN STREET ASHEVILLE NC 28801
Little R. Parrish officer: EVP, Chief Risk Officer HOMETRUST BANCSHARES, INC. 10 WOODFIN STREET ASHEVILLE NC 28801
James Robert E. director HOMETRUST BANCSHARES, INC. 10 WOODFIN STREET ASHEVILLE NC 28801
Switzer John director BARINGS LLC 300 SOUTH TRYON STREET, SUITE 2500 CHARLOTTE NC 28202
Caywood Marty T. officer: EVP, Chief Information Officer HOMETRUST BANCSHARES, INC. 10 WOODFIN STREET ASHEVILLE NC 28801
Labian Paula C. officer: EVP, Chief Human Resources Off HOMETRUST BANCSHARES, INC. 10 WOODFIN STREET ASHEVILLE NC 28801

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