Hometrust Bancshares, Inc. · NYSE:HTB
Hometrust Bancshares — Q1 2026 Earnings Presentation
32 slides from Hometrust Bancshares's earnings presentation, Apr 23, 2026
Slide 1: 1st Quarter 2026 Investor Presentation
1st Quarter 2026 Investor Presentation
Slide 2: Forward-looking statements
This press release 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 respect to the Company's belie
Slide 3: Overview
Founded: 1926 Locations: 32 Employees: 577 Headquarters: Asheville, NC NYSE: HTB Overview $4.4B Assets1 $3.5B Loans1 $3.6B Deposits1 135% Price to TBV2 852,853 Total Shares Repurchased LTM1,3 $750MM Market Cap2 62,146 TTM Average Daily Volume2 16,803,185 Outstanding Shares1 1. Financial data as of M
Slide 4: Top Community Banks; Our Goal
One of the Top 50 Community Banks two years in a row - 2023 and 2024 One of the Top 100 Best Banks two years in a row - 2024 and 2025 One of the Top 100 Best U.S. Banks less than $5 billion two years in a row – 2024 and 2025 4 Our Goal Become a High-Performing, Regional Community Bank One of only 16
Slide 5: The Strategy to Reach Our Goal
Become a regionally & nationally recognized Best Place to Work The Strategy to Reach Our Goal 5
Slide 6: Double-Digit Growth in Tangible Book Value Per Share
$27.10 $27.73 $28.57 $29.24 $30.00 $30.92 $31.83 $32.56 $33.02 $27.10 $27.73 $28.57 $29.24 $30.01 $30.95 $31.83 $32.70 $33.34 $26.00 $27.00 $28.00 $29.00 $30.00 $31.00 $32.00 $33.00 $34.00 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 TBV per Share TBV p
Slide 7: Double-Digit Growth in Adjusted Return on Assets
1.01% 1.30% 1.26% 1.43% 1.52% 0.60% 0.70% 0.80% 0.90% 1.00% 1.10% 1.20% 1.30% 1.40% 1.50% 1.60% 2022 2023 2024 2025 Q1 2026* Adjusted ROA +13.4% CAGR over last 3.25 years Double-Digit Growth in Adjusted Return on Assets * Period reflects calendar year to date data. See Appendix – Non-GAAP Reconcilia
Slide 8: Strategic Framework
Focused Deposit Growth Capital Management Organizational Maturity Strategic Framework High Performance Best Place to Work Added Shareholder Value Engaged Employees Collaborative Culture Great Markets for Business Strong Balance Sheet Foundation Priorities Goals 8
Slide 9: Key Investment Highlights
Key Investment Highlights Footprint in attractive metro markets experiencing growth rates above the national average (See Pages 11-12) Compelling commercial bank products and proven team (See Pages 8, 10, 13-19) • Diversified lines of business and loan portfolio • Strong experienced team of revenue
Slide 10: Experienced Leadership Team
*The years identified above reflect the years these individuals joined the Company. 10 C. Hunter Westbrook President & CEO (2012) Charles F. Sivley Jr. Chief Technology Officer (2024) John Sprink Commercial Banking Group Exec. (2014) Kevin M. Nunley Chief Credit Officer (2020) Kristin Y. Powell Cons
Slide 11: Strong Southeast Footprint
Strong Southeast Footprint Source: S&P Global Market Intelligence for MSA Demographics Raleigh 8.3% Population Growth 13.3% HH Income Growth Charlotte 7.2% Population Growth 13.2% HH Income Growth Atlanta 4.2% Population Growth 11.4% HH Income Growth Greenville 6.7% Population Growth 14.3% HH Income
Slide 12: Continued Southeast Migration
Source: Retirement Living 2025 12 3. 5. 7. 8. 32. North Carolina South Carolina Georgia Tennessee Virginia Continued Southeast Migration
Slide 13: Primary Lines of Business
Business Banking Business Banking Centers SBA Lending Community Association Banking Small Business Banking Consumer Banking Commercial Commercial Real Estate Commercial & Industrial Middle Market Banking Equipment & Municipal Finance Treasury Management Services Retail Banking Market Teams Consumer
Slide 14: Hybrid Branch Strategy
“Branch-Lite” Business Banking Centers “Branch Heavy” Consumer Markets Asheville Roanoke Tri-Cities Branch Manager & Consumer Banker Introducing Micro-Business Loans Atlanta Charlotte Greenville Raleigh Branch Manager & Small Business Banker Small Business Banking & Professional Banking 14 Hybrid Br
Slide 15: Diversified Loan Portfolio
Commercial RE (NOO) 26% Commercial RE (OO) 15% Construction and Development 10% Other Commercial 16% Equipment Finance 8% 1-4 Family 18% HELOCs and Other Consumer 7% Diversified Loan Portfolio 15 Total Loans $3,546,580 (Dollars in thousands, as of March 31, 2026) With Low Concentration Risk
Slide 16: Non-Owner Occupied CRE
$- $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Hospitality Healthcare Other Multifamily Shopping Centers Office Other Retail Industrial Non-Owner Occupied CRE NOO CRE – Office Top 5 loans: $6,230,000 $6,221,000 $4,822,000 $4,787,000 $4,549,000 Total - $26,609,000 (28% of the
Slide 17: SBA Loan Portfolio
C&I 35% Hotel 28% Retail 22% Other 11% Office 4% SBA Portfolio Total Balance $138,344 Guaranteed Balance $44,948 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% $- $1,500 $3,000 $4,500 $6,000 $7,500 $9,000 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 Classified SBA Loans Unguaranteed Balance % of SBA Portfo
Slide 18: Equipment Finance Portfolio
0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% $- $2,000 $4,000 $6,000 $8,000 $10,000 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 Classified EF Loans 1 Loan Balance % of EF Portfolio 18 Equipment Finance Portfolio (Dollars in thousands, as of March 31, 2026) Construction 27% Other 18% Healthcare 16% Manufac
Slide 19: Deposit Franchise
Noninterest- bearing 20% NOW 16% Money Market/Savings 43% Time Deposits 21% 2.19% 2.05% 2.06% 2.00% 1.85% 1.50% 1.75% 2.00% 2.25% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Cost of Deposits Deposit Franchise 19 (Dollars in thousands, as of March 31, 2026) Total Deposits $3,639,542
Slide 20: Top Quartile Profitability Metrics
$1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 2022 2023 2024 2025 2026 Adjusted Earnings Performance Adj. Net Income (Annualized) Adj. Net Income Adj. Diluted EPS (Annualized) Top Quartile Profitability Metrics (Dollars in thousands, by ye
Slide 21: Solid Asset Quality and Credit Discipline
0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% $- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 2022 2023 2024 2025 2026 Net Charge-Offs (“NCO”) and NCO to Average Loans NCOs (Annualized) NCOs NCO/Avg. Loans Solid Asset Quality and Credit Discipline to Support Loan Growth (Dollars in thousands) 0.00% 0.20%
Slide 22: Strong Capital Position to Support Continued Growth
Strong Capital Position to Support Continued Growth (Dollars in thousands) 7% 8% 9% 10% 11% 12% 13% 14% 15% 12/31/22 12/31/23 12/31/24 12/31/25 3/31/26 Tier I Capital (to Risk-Weighted Assets) 9% 10% 11% 12% 13% 14% 15% 16% 12/31/22 12/31/23 12/31/24 12/31/25 3/31/26 Total Risk-Based Capital (to Ris
Slide 23: Capital Strategy
Capital Strategy 10% 12% 14% 16% 18% 20% $- $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 2022 2023 2024 2025 2026 Cash Dividends Dividend/Share Annualized* Dividend/Share Dividend Payout Ratio* 60% 70% 80% 90% 100% 110% 120% 130% 140% $- $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 $45.00 $50.00 12
Slide 24: Valuation – Peer Comparison
1.15 3.05 Peer 17 Peer 12 Peer 16 Peer 10 Peer 14 Peer 15 Peer 13 Peer 4 Peer 2 Peer 8 Peer 6 Peer 9 Peer 3 Peer 7 Peer 11 Peer 5 Peer 1 1.32 2.62 Peer 16 Peer 12 Peer 17 Peer 15 Peer 10 Peer 14 Peer 2 Peer 4 Peer 6 Peer 13 Peer 8 Peer 11 Peer 3 Peer 7 Peer 5 Peer 1 1.23% 1.85% Peer 17 Peer 16 Peer
Slide 25: Quarterly Highlights
Quarterly Highlights 12/31/20243/31/20256/30/20259/30/202512/31/20253/31/2026Net Income Per Share $ 0.83$ 0.84$ 1.01$ 0.96$ 0.94$ 1.00Basic $ 0.83$ 0.84$ 1.00$ 0.95$ 0.93$ 0.99Diluted See Appendix – Non-GAAP Reconciliation 12/31/20243/31/20256/30/20259/30/202512/31/20253/31/2026Performance Ratios 1.
Slide 26: Consistent Top-Quartile Net Interest Margin
Quarterly Highlights Consistent Top-Quartile Net Interest Margin 4.05% 4.10% 4.03% 4.09% 4.18% 4.32% 4.31% 4.20% 4.31% 4.02% 4.05% 3.98% 3.95% 4.14% 4.16% 4.24% 4.11% 4.19% 3.50% 3.75% 4.00% 4.25% 4.50% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 NIM Reported NIM Core* 3.
Slide 27: Appendix – Non-GAAP Reconciliation
Appendix – 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
Slide 28: Tangible Book Value Reconciliation
Set forth is a reconciliation to GAAP of tangible book value, tangible book value per share, and price to tangible book value: (Dollars in thousands) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 Total stockholder's equity 592,407$ 600,690$ 595,833$ 579,274$ 565,449$ Less: goodw ill, core depos
Slide 29: Adjusted Net Income Reconciliation
3 Months Ended (Dollars in thousands) 3/31/2026 12/31/2025 12/31/2024 12/31/2023 12/31/2022 Contract renew al consulting fee -$ -$ 2,965$ -$ -$ Merger-related expense - - - 4,741 724 Provision for credit losses established for merger - - - 5,270 - Net death benefit proceeds from BOLI policies - (92)
Slide 30: Efficiency Ratio Reconciliation
(Dollars in thousands) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 Noninterest expense 32,975$ 31,694$ 31,266$ 31,255$ 30,961$ 34,009$ Less: contract renew al consulting fee - - - - - (2,965) Noninterest expense - adjusted 32,975$ 31,694$ 31,266$ 31,255$ 30,961$ 31,044$ Net interes
Slide 31: Culture Fundamentals
33 Culture Fundamentals 31 1. DO THE RIGHT THING, ALWAYS 2. LOOK AHEAD AND ANTICIPATE 3. BE POSITIVE 4. THINK TEAM 5. LISTEN GENEROUSLY 6. SPEAK STRAIGHT 7. EMBRACE DIVERSE PERSPECTIVES 8. FIND A WAY 9. PRACTICE BLAMELESS PROBLEM-SOLVING 10. BE OBJECTIVE 11. PAY ATTENTION TO THE DETAILS 12. INVEST I
Slide 32: Contact
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 32