May 11, 2021
Business News

Home Financial Bancorp Announces Third Quarter Results

SPENCER, Ind.–()–Home Financial Bancorp (“Company”) (OTCPink: “HWEN”), an Indiana corporation which is the holding company for Our Community Bank, (“Bank”) based in Spencer, Indiana, announces results for the third quarter and nine months ended March 31, 2021.

Third Quarter Highlights:

  • Net interest income decreased 4% or $28,000;
  • Non-interest income increased 24% or $30,000;
  • Legal and professional fees increased 93% or $70,000;
  • Net income fell 34%, from $52,000 to $34,000;
  • Excluding acquisition transaction related professional fees, net income increased $65,000 to $117,000.

Nine Month Highlights:

  • Total shareholders’ equity totaled $8.1 million or 11% of assets;
  • Net interest income decreased 4%,…

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