Blue Ridge Bankshares, Inc. · AMEX:BRBS
Blue Ridge Bankshares — Merger or Acquisition (August 2026)
21 slides from Blue Ridge Bankshares's merger presentation, Aug 17, 2026
Slide 1: HomeTrust Bancshares Expands into Attractive Virginia Markets Through Acquisition of Blue Ridge Bankshares
1 HomeTrust Bancshares, Inc. Expands into Attractive Virginia Markets Through Acquisition of Blue Ridge Bankshares, Inc. August 17, 2026
Slide 2: Forward-Looking Statements
2 Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potent
Slide 3: Important Information and Where You Can Find It
3 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, solicita
Slide 4: One of the Top Community Banks
4 One of the Top 50 Community Banks two years in a row - 2023 and 2024 One of the Top 100 Best Banks three years in a row - 2024 - 2026 One of the Top 100 Best U.S. Banks less than $5 billion two years in a row – 2024 and 2025 Our Goal Become a high-performing, regional community bank One of only te
Slide 5: The Strategy to Reach Our Goal
5 The Strategy to Reach Our Goal Become a regionally and nationally recognized ‘Best Place to Work’
Slide 6: Transaction Rationale
6 Transaction Rationale • Relevance: Creates a $7 billion, high-performing regional commercial bank with a market cap greater than $1 billion • Scarcity: The largest of three $5 - $10 billion major-exchange traded banks in the Southeast • Expansion: Provides market expansion with scale in attractive
Slide 7: Focused Expansion in our Southeast Footprint
7 Focused Expansion in our Southeast Footprint HomeTrust Locations Blue Ridge Locations Charlottesville Richmond Charlotte Asheville Johnson City Charleston Atlanta Raleigh Norfolk | 27 Branches; 1 LPO | 33 Branches; 1 LPO Greenville Roanoke 2. North Carolina 3. Virginia 7. Georgia 9. Tennessee 23.
Slide 8: Transaction Overview
8 Transaction Overview • At closing, BRBS to merge with/into HTB and Blue Ridge Bank to merge with/into HomeTrust Bank • 100% stock consideration • Fixed exchange ratio of 0.086 HTB shares for each BRBS share • Holders of ~25% of BRBS warrants have agreed to exchange them for HTB common stock, while
Slide 9: Pro Forma Financial Impact
9 Pro Forma Financial Impact TBVPS Dilution² TBV Earnback3 EPS Acceleration4 ’27E EPS Accretion 23.2% Run-rate EPS Accretion¹ 29.8% (8.3%) 3.25 yrs >4 yrs Earnings & TBV Impact ’27E ROAA1 1.70% ’27E ROATCE1 15.6% ’27E Efficiency Ratio1 49.3% Enhanced Profitability Strong Capital CET1 TRBCTCE / TA 11
Slide 10: Pro Forma Performance vs. Peers
10 Pro Forma Performance vs. Peers $5B - $10B Asset Major-Exchange Traded Banks in the Southeast and Mid-Atlantic Note: Includes 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 e
Slide 11: Creating a Top Tier Performing Franchise
11 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 Augu
Slide 12: Overview of Blue Ridge Bankshares, Inc. (BRBS)
12 Overview of Blue Ridge Bankshares, Inc. (BRBS) 1) Per S&P Global Market Intelligence; excludes larger money center and regional banks with substantial deposit franchises outside of Virginia. 2) Banks and thrifts headquartered in Virginia, between $2 and $10 billion in total assets, excluding thos
Slide 13: A Rare Opportunity to Add Scale in Virginia
13 A Rare Opportunity to Add Scale in Virginia One of a shrinking set of independent, scaled Virginia institutions 58 Banks and thrifts Headquartered in Virginia 46 Excluding those with D.C.-area exposure 6 With $2–$10B in total assets Blue Ridge was one of these six — after this transaction, five i
Slide 14: HTB's Track Record of Improving Profitability and Building Shareholder Value
14 HTB’s Track Record of Improving Profitability and Building Shareholder Value Significant Profitability Expansion Total Shareholder Return Superior ROAA progression since strategic shift from thrift to commercial bank Source: S&P Global Market Intelligence, FactSet Note: Market data as of August 1
Slide 15: Key Transaction Assumptions
15 Key Transaction Assumptions • 45%+ of BRBS’s non-interest expense (75% phased-in in 2027E, 100% thereafter) • Revenue synergies expected but not included in the modeling Cost Savings / Revenue Synergies • Combined $32.8 million of pre-tax expenses (7.3% of deal value)Transaction Expenses • $24.5
Slide 16: Summary
16 Summary Continuation of HTB’s strategic initiative to invest in high-growth markets, expanding our presence in Virginia HTB’s history of transformation from a thrift to a highly profitable commercial bank provides a roadmap for delivering shareholder value through the combination Diversifie
Slide 17: Appendix
17 Appendix
Slide 18: Comprehensive Due Diligence
18 Comprehensive Due Diligence Extensive due diligence procedures were performed by members of HTB’s management team to minimize transaction risk, utilizing third parties to assist as needed. • Key focus areas included: • Extensive credit reviews focused on the largest relationships, adversely class
Slide 19: Pro Forma Loan and Deposit Composition
19 Pro Forma Loan and Deposit Composition Lo an C om po si tio n $1.9B Total $3.6B Total $3.6B Total $1.9B Total Yield on Loans: 6.12% Yield on Loans: 5.54% Cost of Deposits: 1.73% Cost of Deposits: 2.25% $5.5B Total $5.5B Total Yield on Loans: 5.92% Cost of Deposits: 1.91% Pro Forma D ep os it C om
Slide 20: Pro Forma Net Income and EPS Reconciliation
20 Pro Forma Net Income and EPS Reconciliation 2027 Earnings Per Share Goodwill Reconciliation Note: Dollars in millions, except per share values
Slide 21: Hunter Westbrook President and Chief Executive Officer hunter.westbrook@htb.com Tony VunCannon EVP / Chief Financial
21 Hunter Westbrook President and Chief Executive Officer hunter.westbrook@htb.com Tony VunCannon EVP / Chief Financial Officer Corporate Secretary / Treasurer tony.vuncannon@htb.com 10 Woodfin Street Asheville, NC 28801 (828) 259-3939 www.htb.com
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