Hometrust Bancshares, Inc. · NYSE:HTB
Hometrust Bancshares — Shareholder Meeting (January 2013)
40 slides from Hometrust Bancshares's shareholder meeting presentation, Jan 17, 2013
Slide 1: Better Together – HomeTrust Bancshares, Inc.
BETTER) TOGETHER HomeTrust Bancshares, Inc. Ltr just beticr here
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain matters in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to our financial condition, results of operations, plans, objectives, future performance or busine
Slide 3: Strategic Operating Committee
Strategic Operating Committee Yrs in Leader Banking a Ed Broadwell Chairman & Chief Executive Officer Dana Stonestreet President & Chief Operating Officer 59 Tony VunCannon Senior Vice President & Chief Financial 48 Officer Hunter Westbrook Senior Vice President & Chief Banking 49 Officer Howard Sel
Slide 4: HomeTrust Bank Profile
HometTrust Bank Profile x * Founded in 1926 * $1.6 billion in assets (as of 9/30/12) $372 million of capital (as of 9/30/12) 16 years of experience combining banks Partnership of 7 community banks 317 Employees 20 branches Relationship banking approach and differentiating culture Engaged employees w
Slide 5: Partnership Culture
Partnership Culture x Partner Bank ear Started ars Old YearJ Partne: HomeTrust Bank 1926 86 Years Tryon Federal Bank 1935 77 Years 1996 Shelby Savings Bank 1905 107 Years 1998 Home Savings Bank 1909 103 Years 2005 Industrial Federal Bank 1929 83 Years 2010 Cherryville Federal Bank 1912 100 Years 201
Slide 6: Partnership Growth
Partnership Growth x Yellow Bars are Partnership Years $2,000 $1,800 $1641 4,720 $1,600 $1,400 $1,348 $1,200 $1,000 Soot $300 aT 748 $600 $585 $609 $400 $200 Tl $o qT a 1996 ‘1998 2000 2002 2004 2006 2008 2010 2012 Total Assets in Millions Te inal beLter. here
Slide 7: Our Franchise Footprint
Our Franchise Footprint os —) VIRGINIA Korie y | — “se {9 NORTH Vis Woynesvllf Forencity CAROLINA . . VIRGINIA “Piedmont” regions of North Carolina + Western North Carolina markets are home to a diverse number of manufacturing and technology companies NORTH CAROLINA + Majority of markets are also ho
Slide 8: Conversion Decision Points
Conversion Decision Points x Support future internal growth * Improve our capital position * Have greater operating flexibility * Have the ability to offer our stock to acquire new community bank partners * Position the bank for long-term success and stockholder value creation Tt jut betir
Slide 9: Conversion Overview
Conversion Overview x Offering Information HomeTrust Bancshares, Inc. Transaction Structure Standard Conversion Book-Running Manager Keefe, Bruyette & Woods, Inc. Exchange NASDAQ Global Select Market Symbol HTBI Closing Date July 10, 2012 Shares Issued 21,600,000 (Supermax) Gross Proceeds $211.6 Mil
Slide 10: Capital Growth
Capital Growth Yellow Bars are Partnership Years $400 $350 $372 $300 $250 $200 $150 $100 $50 $0 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 Total Equity Capital in Millions * * Capital number for 2012 as of 9/30/12. All other capital numbers as of We inal beLter. here cal year-end (6
Slide 11: Capital for NC Banks between $1 Billion and $4 Billion
Capital for NC Banks between x $1 Billion and $4 Billion $400 $372 $350 $300 $250 $252 $200 - $196 $196 $343 167 155 $150 $139 S: 97 i $100 $50 i $o r r In millions (as of 9/30/12) Source: SNLFinanc by Total Assets Lt just betir
Slide 12: Capital Management
Capital Management x Potential uses for capital: Invest in securities and loans Acquisitions o Strategic community bank consolidation Repurchase shares Cash dividends Other general corporate purposes Tt jut betir
Slide 13: Financial Information
Financial Information Tony VunCannon, SVP/CFO Tt just beter here z
Slide 14: Year-End June 30, 2012 Highlights
Year-End June 30, 2012 Highlights x Net income of $4.5 million, compared to prior year loss of $14.7 million Provision for loan losses of $15.6 million, down $27.2 million (64%) Mortgage banking income of $3.8 million, up 20% Repayment of $124 million in FHLB advances FHLB advance prepayment penalti
Slide 15: Quarter Ended September 30, 2012 Highlights
Quarter Ended September 30, 2012 Highlights x Net income of $1.2 million, compared to prior year income of $284,000 Provision for loan losses of $1.5 million, down $3.8 million (72%) Mortgage banking income of $504,000, up 75% Repayment of $7.5 million in FHLB advances FHLB advance prepayment penalt
Slide 16: Net Income
$15.0 $10.0 $5.0 $0.0 -$5.0 -$10.0 -$15.0 Net Income For year ended June 30, $10.6 $11.1 $7.0 = 9 $4.5 A= T a 1 $14.7 2007 2008 2009 2010 2011 2012 2013 (3mos. ended 9/30/12) In millions
Slide 17: Net Interest Income
Net Interest Income x For year ended June 30, $60 gous | 357 $54.4 $50 $42.1 $45.6 $40 $37.2 $30 $22.4 §20 $10 0) T T T T 7 2007 2008 2009 2010 2011 2012 2013 Annualized in yellow In millions Ltr jut better here
Slide 18: Net Interest Margin
4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% Net Interest Margin x For year ended June 30, 3.85% 4.02% 3.79% 3.52% : 3.45% 3.3905 3.33% % | | 2007 2008 2009 2010 2011 2012 2013 (3mos. ended 9/30/12) Lt just better here
Slide 19: Provision for Loan Losses
Provision for Loan Losses x For year ended June 30, $45.0 42.8 $40.0 38.6 $35.0 $30.0 $25.0 $20.0 5150 $15.0 $15.6 $10.0 | | $5.0 3.3 oo om BB HH Mm st 2007 2008 2009 2010 2011 2012 2013 -_ (3mos. ended In millions 9/30/12) Tt jut betir
Slide 20: Loan Portfolio Mix
$1,400 $1,200 $1,000 $800 $600 $400 $200 $0 Loan Portfolio Mix x As of June 30, 2008 2012 In millions lm Other m Municipal leases m= Commercial real estate m Home equity m 1-4 family ™ Construction/land/ development
Slide 21: Total Mortgage Loan Originations
~ Total Mortgage Loan Originations $120 $114 $108 $100 $o4 $o4 $87 ia $80 $384 $72 $60 $61 $40 $20 $0 1 1 T 1 1 1 1 1 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 In millions
Slide 22: Loan Fee Income
Loan Fee Income $1,400 $1,286 $1,200 st080 $1,176 «1.000 $1,008 $1,076 $800 672 $600 $544 ‘ $430 400 $200 | $0 1 1 1011. 2Q11 “3Q11 “aga 1Q12 2012. 3012 4032. 1Q13 In thousands
Slide 23: Deposits
Deposits x As of June 30, $1,400 $1,200 $1,000 $800 $600 $400 pay 5738 s 6 : 6577 $200 $0 1 1 1 1 1 1 1 2007 2008 2009 2010 2011 2012* 09/30/12 Time Deposits i Core Deposits (checking, savings, money market) In millions *Excludes $227 million in stock conversion escrow account
Slide 24: Capital Ratios
Capital Ratios x Bank only — As of September 30, 2012 (Excludes HTBI Capital of $100 Million) 25% 21% 22% 20% 15% Ls a 15% 10% 9% 5% 0% T Tier | Capital Ratio Tier | Risk-based Total Risk-based Capital Ratio Capital Ratio @ Regulatory "Well-Capitalized" Requirement ™ Additional
Slide 25: Asset Quality
Asset Quality
Slide 26: NPAs to Total Assets
6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% ~ NPAs to Total Assets As of June 30, 5.2% 4.7% 3.9% 3.9% 2.1% 9 oay% 05% a 2007 2008 2009 2010 2011 2012 9/30/12 @REO @ Loans
Slide 27: Non-performing Loans: By Type
Non-performing Loans: By Type x As of June 30, $80.0 $69.7 $70.0 $64.2 ‘ll Other $60.0 m= Commercial Real Estate $50.0 $463 $48.5 40.0 ®™ Home Equity H Equi $30.0 | @ 1-4 Family $20.0 $10.0 ™ Construction/land/ development $0.0 T i 2010 2011 2012 09/30/12 In millions
Slide 28: Non-performing Loans
Non-performing Loans x As of last 4 Quarter-ends $90 $80 $71.1 $70 $64.2 Peery $60 $50 $40 $30 $20 $10 0) Q2 Q3 aa Qi 12/31/2011 3/31/2012 6/30/2012 9/30/2012 @ Delinquent ™ Current * $78.8 In millions *Includes loans which are current on loan payments but are classified as non-performing due to imp
Slide 29: Net Loans Charged-off
Net Loans Charged-off x For year ended June 30, $40.0 34.4 $35.0 $ @ Other $30.6 $30.0 @ Commercial Real Estate $25.0 $21.9 $20.0 ll Home Equity 15.0 $ @ 1-4 Family $10.0 $5.0 $3.6 ™@ Construction/Land/ : $0.2 go4 = $0.7 Development $0.0 T T T T a 2007. 2008 2009 2010 2011 2012 . 2013 (3mos. ended 9
Slide 30: Loan Portfolio — Change in Risk Profile
Loan Portfolio — Change in Risk Profile x + HomeTrust Bank has not experienced loan run-off throughout the economic downturn, unlike many other institutions in the industry + Loan composition has dramatically shifted since the 2008 peaks of construction & land/lots and construction & development loa
Slide 31: Allowance for Loan Losses to Total Loans
Allowance for Loan Losses to Total Loans7N 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 9 3.0% Yo. As of June 30, 1.1% 1.1% 3.8% 3.2% 2.0% | | T | T T T T 2007 2008 2009 2010 2011 2.9! || 2012 9/30/12
Slide 32: Strategic Objectives
Strategic Objectives ~ A. Grow Core Competencies B. Build our Brand — It’s Just Better Here C. Organic Growth D. Strategic Consolidation Tt just better here
Slide 33: Strategic Objectives: Grow Core Competencies
Strategic Objectives , A. Grow Core Competencies * Scalable Infrastructure * Enterprise Risk Management * Regulatory Compliance (Dodd-Frank) o 1913 Federal Reserve Act — 31 pages o 1933 Glass Steagall Act — 37 pages o 1994 Interstate Banking Efficiency Act —- 61 pages o 2002 Sarbanes Oxley Act — 66
Slide 34: Strategic Objectives: Build Our Brand
Strategic Objectives , B. Lt just better fore. Passionate & Enthusiastic Employees > Making a BETTER Difference > Building BETTER Relationships > Adding BETTER Value > Growing Ourselves to be BETTER
Slide 35: Strategic Objectives: Organic Growth
Strategic Objectives , C. Organic Growth * Household and Businesses * Loans and Core Deposits * Fee Income * Earnings Tt just better here
Slide 36: Strategic Objectives: Strategic Consolidation
Strategic Objectives , D. Strategic Consolidation * Key Drivers for Consolidation o Revenue headwinds for the industry o Asset quality problems o Regulatory/compliance requirements o Slow / low growth economic environment o Overcapacity o Management and board fatigue o Capital needs © 81% of banks (
Slide 37: Strategic Consolidation (Continued)
Strategic Objectives , D. Strategic Consolidation (Continued) * Community Bank Partner of Choice o Long-Term Community Bank Model ¢ Fill-in and Expand Footprint * Achieve Economies of Scale * Leverage Capital to Grow Earnings and Stockholder Value Tt jut betir
Slide 38: Summary
Summary x * Hometrust Bancshares, Inc. o 8" largest North Carolina community bank o Tangible Capital — $372 million o Positioned to capitalize on opportunities * Management o 255 years in banking o 171years with HomeTrust o Significant experience with bank consolidation deals o Significant merger in
Slide 39: Thank You
THANK YOU BETTER) TOGETHER HomeTrust Bancshares, Inc. Tt juct better here?
Slide 40: Questions and Comments
Questions and Comments x In accordance with the Rules of Conduct, each stockholder or proxyholder has an opportunity to ask questions or make comments. After you are recognized, proceed to the microphone. Please identify yourself by stating your name and whether you are a stockholder or hold the pro
HomeTrust Bancshares — Shareholder Meeting (January 2013) on 6ix