Hometrust Bancshares, Inc. · NYSE:HTB
Hometrust Bancshares — Q3 2026 Earnings Presentation
41 slides from Hometrust Bancshares's earnings presentation, October 2026
Slide 1: 3rd Quarter 2026 Investor Presentation
3rd Quarter 2026 Investor Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact, but instead are based on certain assumptions including statements with resp
Slide 3: Important Information and Where You Can Find It
Important Information and Where You Can Find It No Offer or Solicitation This presentation is not intended to and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitati
Slide 4: Overview
Founded: 1926 Overview Locations: 32 $4.4B Assets1 $3.6B Loans1 Employees: $3.6B Deposits1 139% Price to TBV2 586 $745MM Market Cap2 15,816,210 Outstanding Shares1 Headquarters: Asheville, NC 109,065 TTM Average Daily 1,851,944 Volume2 NYSE: Total Shares Repurchased LTM1,3 1. Financial data as of Se
Slide 5: Our Goal
Our Goal Become a High-Performing, Regional Community Bank 2026 One of only ten returning One of the Top Performing banks recognized for Banks two years in a row - consistent earnings growth 2025 and 2026 over the past 10 years, two years in a row – 2025 and 2026 One of the Top 100 Best Banks One of
Slide 6: The Strategy to Reach Our Goal
The Strategy to Reach Our Goal Become a regionally & nationally recognized Best Place to Work 5
Slide 7: Double-Digit Growth in Tangible Book Value Per Share
Double-Digit Growth in Tangible Book Value Per Share TBV per Share TBV per Share, Adjusted* $35.00 +8.6% CAGR over last 24 months +9.9% CAGR over last 24 months $34.52 $34.00 $33.79 $33.34 $33.67 $33.70 $33.00 $32.70 $33.02 $32.56 $32.00 $31.83 $31.83 $30.95 $31.00 $30.92 $30.01 $30.00 $30.00 $29.24
Slide 8: Double-Digit Growth in Adjusted Return on Assets
Double-Digit Growth in Adjusted Return on Assets Adjusted ROA 1.70% +13.2% CAGR over last 3.75 years 1.60% 1.56% 1.50% 1.43% 1.40% 1.30% 1.30% 1.26% 1.20% 1.10% 1.01% 1.00% 0.90% 0.80% 0.70% 0.60% 2022 2023 2024 2025 Q3 2026* * Period reflects calendar year to date data. See Appendix B – Non-GAAP Re
Slide 9: Strategic Framework
Strategic Framework High Performance Best Place to Work Added Shareholder Value Goals Focused Deposit Growth Capital Management Organizational Maturity Priorities Engaged Employees Collaborative Culture Great Markets for Business Strong Balance Sheet Foundation 8
Slide 10: Key Investment Highlights
Key Investment Highlights Footprint in attractive metro markets Compelling commercial bank products experiencing growth rates above the and proven team (See Pages 9, 11, 14-20) national average (See Pages 12-14) • Diversified lines of business and loan portfolio • Strong experienced team of revenue
Slide 11: Experienced Leadership Team
Experienced Leadership Team C. Hunter Westbrook Charles F. Sivley Jr. John Sprink Kevin M. Nunley President & CEO Chief Technology Officer Commercial Banking Group Exec. Chief Credit Officer (2012) (2024) (2014) (2020) Kristin Y. Powell Lora Jex Megan Pelletier Tony J. VunCannon Consumer & Business
Slide 12: Strong Southeast Footprint
Strong Southeast Footprint Attractive metro markets experiencing growth rates well above the national average (2.6%) 2. North Carolina 3. Virginia 7. Georgia 9. Tennessee Raleigh 2026 23. South Carolina 8.3% Population Growth 13.3% HH Income Growth Atlanta 4.2% Population Growth Charlotte Charleston
Slide 13: Continued Southeast Migration
Continued Southeast Migration 3. North Carolina 5. South Carolina 7. Georgia 8. Tennessee 32. Virginia Source: Retirement Living 2025 12
Slide 14: Primary Lines of Business
Primary Lines of Business Commercial Small Business Banking Consumer Banking Commercial Real Estate Business Banking Retail Banking Market Teams Commercial & Industrial Business Banking Centers Consumer Banking Middle Market Banking SBA Lending Digital Banking Equipment & Municipal Finance Community
Slide 15: Hybrid Branch Strategy
Hybrid Branch Strategy “Branch Heavy” “Branch-Lite” Consumer Markets Business Banking Centers Atlanta Asheville Charlotte Roanoke Greenville Tri-Cities Raleigh Branch Manager & Branch Manager & Consumer Banker Small Business Banker Introducing Small Business Banking & Micro-Business Loans Profession
Slide 16: Diversified Loan Portfolio
Diversified Loan Portfolio With Low Concentration Risk (Dollars in thousands, as of September 30, 2026) Total Loans $3,628,326 Commercial RE (NOO) 27% Commercial RE (OO) 15% HELOCs and Other Consumer 8% Construction and Development 11% 1-4 Family 17% Other Commercial 16% Equipment Finance 6% 15
Slide 17: Non-Owner Occupied CRE
Non-Owner Occupied CRE (Dollars in thousands, as of September 30, 2026) $200,000 NOO CRE – Office Top 5 loans: $15,840,000 $175,000 $6,178,000 $6,143,000 $4,738,000 $4,660,000 $150,000 Total - $37,559,000 (36% of the portfolio) $125,000 $100,000 $75,000 $50,000 $25,000 $- Hospitality Healthcare Mult
Slide 18: SBA Loan Portfolio
SBA Loan Portfolio (Dollars in thousands, as of September 30, 2026) SBA Portfolio Classified SBA Loans $9,000 10.00% Office 4% Other $7,500 13% 8.00% C&I 36% $6,000 6.00% Total Retail Balance $4,500 19% $145,393 4.00% Guaranteed Balance $3,000 $47,646 2.00% $1,500 Hotel $- 0.00% 28% 9/30/25 12/31/25
Slide 19: Equipment Finance Portfolio
Equipment Finance Portfolio (Dollars in thousands, as of September 30, 2026) Over the Road Transport Construction 9% Classified EF Loans 1 26% Other Transport $10,000 3.50% 11% Total Balance $237,065 3.00% $8,000 2.50% $6,000 2.00% Healthcare 15% Other 1.50% 20% $4,000 Manufacturing 19% 1.00% $2,000
Slide 20: Deposit Franchise
Deposit Franchise (Dollars in thousands, as of September 30, 2026) Total Deposits $3,583,609 Cost of Deposits 2.25% Time Deposits Noninterest- 20% bearing 2.06% 22% 2.00% 2.00% 1.85% 1.77% 1.73% 1.75% 1.50% NOW 15% 1.25% Money Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Market/Savings 43% 19
Slide 21: Top Quartile Profitability Metrics
Top Quartile Profitability Metrics (Dollars in thousands, by year) Adjusted Earnings Performance Adjusted Efficiency Ratio $70,000 $4.50 65% $60,000 $4.00 63% $50,000 $3.50 $40,000 $3.00 61% $30,000 $2.50 59% $20,000 $2.00 $10,000 $1.50 57% $- $1.00 55% 2022 2023 2024 2025 2026 2022 2023 2024 2025 Q
Slide 22: Solid Asset Quality and Credit Discipline to Support Loan Growth
Solid Asset Quality and Credit Discipline to Support Loan Growth (Dollars in thousands) Net Charge-Offs (“NCO”) and Allowance for Credit Losses (“ACL”) NCO to Average Loans and ACL to Total Loans $12,000 0.30% $60,000 1.60% $10,000 0.25% $50,000 1.40% $8,000 0.20% $40,000 1.20% $6,000 0.15% $30,000
Slide 23: Strong Capital Position to Support Continued Growth
Strong Capital Position to Support Continued Growth (Dollars in thousands) Common Equity Tier I Capital Tier I Capital (to Risk-Weighted Assets) (to Total Adjusted Assets) 15% 14% 14% 13% 12% 12% 10% 11% 10% 8% 9% 8% 6% 7% 6% 4% 12/31/22 12/31/23 12/31/24 12/31/25 9/30/26 12/31/22 12/31/23 12/31/24
Slide 24: Capital Strategy
Capital Strategy Cash Dividends Market Price and Price to Tangible Book $0.60 20% $50.00 160% $45.00 $0.50 18% $40.00 140% $0.40 $35.00 16% $30.00 120% $0.30 $25.00 14% $20.00 100% $0.20 $15.00 $0.10 12% $10.00 80% $5.00 $- 10% $- 60% 2022 2023 2024 2025 2026 12/31/22 12/31/23 12/31/24 12/31/25 9/30
Slide 25: Valuation – Peer Comparison
Valuation – Peer Comparison (Three Months ended June 30) Annualized Return on Stock Price to Annualized Stock Price to Tangible Book Assets (“ROA”) Earnings per Share (“EPS”) Value (“TBV”) per Share 2025 2026 2025 2026 2025 2026 Peer 2 2.21% Peer 16 4.75% Peer 5 17.32 Peer 16 18.28 Peer 1 2.93 Peer
Slide 26: Quarterly Highlights
Quarterly Highlights Net Income Per Share 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Basic $ 1.11 $ 0.95 $ 1.00 $ 0.94 $ 0.96 $ 1.01 Diluted $ 1.11 $ 0.94 $ 0.99 $ 0.93 $ 0.95 $ 1.00 Performance Ratios 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Return on assets (R
Slide 27: Quarterly Highlights
Quarterly Highlights Consistent Top-Quartile Net Interest Margin 4.75% 4.41% 4.46% 4.50% 4.32% 4.31% 4.31% 4.20% 4.25% 4.18% 4.32% 4.03% 4.09% 4.24% 4.27% 4.14% 4.19% 4.16% 4.11% 4.00% 3.98% 3.95% 3.75% 3.50% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 NIM Reported NIM Co
Slide 28: Appendix A
Appendix A
Slide 29: Announced Merger with Blue Ridge Bankshares, Inc. on August 16, 2026
Announced Merger with Blue Ridge Bankshares, Inc. on August 16, 2026 A Rare Opportunity to Add Scale in Virginia 58 46 6 Banks and thrifts Excluding those with With $2–$10B Headquartered in Virginia D.C.-area exposure in total assets Blue Ridge was one of these six — after this transaction, five ind
Slide 30: Overview of Blue Ridge Bankshares, Inc. (BRBS)
Overview of Blue Ridge Bankshares, Inc. (BRBS) Company Profile • Founded in 1893 • Headquartered in Richmond, VA • Top 5 community bank franchise in Virginia1 Demonstrated Results After Receiving Consent Order $2.3B $1.9B $1.9B • Completed Regulatory Remediation: After receiving a consent order from
Slide 31: Transaction Rationale
Transaction Rationale Building the Premier Community Bank Through a Compelling Strategic Combination Combined Highlights $7B+ $5.7B $5.7B ~30% 1.70% $1.2B Fully Phased Pro Forma Assets Loans Deposits Fully Phased 2027E EPS Market Cap 2027E ROAA1 Accretion1 • Relevance: Creates a $7 billion, high-per
Slide 32: Focused Expansion in our Southeast Footprint
Focused Expansion in our Southeast Footprint 2. North Carolina | 33 Branches; 3. Virginia 1 LPO 7. Georgia 9. Tennessee | 27 Branches; 2026 23. South Carolina 1 LPO Charlottesville Richmond Roanoke Pro Forma Deposits by State1 Norfolk June 30, 2026 Johnson City North Carolina $2,183 Raleigh Virginia
Slide 33: Pro Forma Financial Impact
Pro Forma Financial Impact ’27E EPS Run-rate EPS TBVPS TBV EPS Earnings & Accretion Accretion¹ Dilution² Earnback3 Acceleration4 TBV Impact 23.2% 29.8% (8.3%) 3.25 yrs >4 yrs ’27E ROAA1 ’27E ROATCE1 ’27E Efficiency Ratio1 Enhanced Profitability 1.70% 15.6% 49.3% TCE / TA Leverage CET1 TRBC Strong Ca
Slide 34: Creating a Top Tier Performing Franchise
Creating a Top Tier Performing Franchise 1) Southeast and Mid-Atlantic major-exchange traded banks with total assets between $5 billion and $10 billion; excludes targets of announced mergers, banks without analyst estimates and banks with non-traditional banking models. 2) Market data as of August 1
Slide 35: Appendix B
Appendix B
Slide 36: Non-GAAP Reconciliation
Non-GAAP Reconciliation In addition to results presented in accordance with generally accepted accounting principles utilized in the United States (“GAAP”), this document contains certain non- GAAP financial measures, which include: the efficiency ratio; tangible book value; tangible book value per
Slide 37: Non-GAAP Reconciliation (Continued)
Non-GAAP Reconciliation (Continued) Set forth is a reconciliation As of (Dollars in thousands) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 to GAAP of tangible book value, tangible book value Total stockholder's equity $ 570,134 $ 600,600 $ 592,407 $ 600,690 $ 595,833 per share, and price to L
Slide 38: Non-GAAP Reconciliation (Continued)
Non-GAAP Reconciliation (Continued) 9 Months Ended 12 Months Ended (Dollars in thousands) 9/30/2026 12/31/2025 12/31/2024 12/31/2023 12/31/2022 Set forth is a Contract renew al consulting fee $ - $ - $ 2,965 $ - $ - reconciliation to Merger-related expense 904 - - 4,741 724 GAAP of adjusted net Prov
Slide 39: Non-GAAP Reconciliation (Continued)
Non-GAAP Reconciliation (Continued) 3 Months ended (Dollars in thousands) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Noninterest expense $ 34,137 $ 33,979 $ 32,975 $ 31,694 $ 31,266 $ 31,255 Less: merger-related expense (904) - - - - - Set forth is a Less: loss on redemption of jun
Slide 40: Culture Fundamentals
33 Culture Fundamentals 1. DO THE RIGHT THING, ALWAYS 18. GET CLEAR ON EXPECTATIONS 2. LOOK AHEAD AND ANTICIPATE 19. HONOR COMMITMENTS 3. BE POSITIVE 20. SHOW MEANINGFUL APPRECIATION 4. THINK TEAM 21. ASSUME POSITIVE INTENT 5. LISTEN GENEROUSLY 22. “BRING IT” EVERY DAY 6. SPEAK STRAIGHT 23. BE RELEN
Slide 41: Hunter Westbrook Tony VunCannon
Hunter Westbrook President and Chief Executive Officer [email protected] Tony VunCannon EVP / Chief Financial Officer Corporate Secretary / Treasurer 10 Woodfin Street [email protected] Asheville, NC 28801 (828) 259-3939 www.htb.com 38