Hometrust Bancshares, Inc. · NYSE:HTB
Hometrust Bancshares — Q2 2025 Earnings Presentation
34 slides from Hometrust Bancshares's earnings presentation, Jul 28, 2025
Slide 1: 2nd Quarter 2025 Investor Presentation
2nd Quarter 2025 Investor Presentation
Slide 2: Forward Looking Statements
This document 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 beliefs, p
Slide 3: Overview
Founded: 1926 Locations: 32 Employees: 555 Headquarters: Asheville, NC NYSE: HTB Overview $4.6B Assets $3.7B Loans $3.7B Deposits 132% Price to TBV 9,947,945 Total Shares Repurchased Since Buybacks Approved in April 2013 $716MM Market Cap 43,988 TTM Average Daily Volume 17,492,143 Outstanding Shares
Slide 4: Our Goal: Become a High-Performing, Regional Community Bank
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 Ranked 34th in Bank Director’s Best U.S. Banks less than $5 billion - 2024 4 Our Goal Become a High-Performing, Regional Community Bank One of only 16 banks (top 5%)
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: Tangible Book Value Per Share Growth
$24.69 $25.47 $26.39 $27.10 $27.73 $28.57 $29.24 $30.00 $30.92 $21.00 $22.00 $23.00 $24.00 $25.00 $26.00 $27.00 $28.00 $29.00 $30.00 $31.00 $32.00 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 See Appendix – Non-GAAP Reconciliation Tangible Book Value Pe
Slide 7: Transfer of Common Stock to NYSE HTB
Transfer of Common Stock to NYSE HTB • Transitioned from Nasdaq to the NYSE in February 2025 • Change in ticker from HTBI to HTB • Joined other peers and community banks in transfer • Further demonstration of the maturation of Company • Potential enhanced liquidity and trading volume 7
Slide 8: Strategic Framework
Focused Deposit Growth 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) Successful transition to a commercial bank (See Pages 8, 10, 13-19) • Expansion of lines of business, adding further diversity to our loan portfolio • Strong experie
Slide 10: Refreshed Leadership Team
Refreshed Leadership Team Executive Management • C. Hunter Westbrook – President & CEO (2012) • Charles F. Sivley Jr. – Chief Technology Officer (2024) • John Sprink – Commercial Banking Group Executive (2014) • Kevin M. Nunley – Chief Credit Officer (2020) • Kristin Y. Powell – Consumer & Bus. Bank
Slide 11: Strong Southeast Footprint
Strong Southeast Footprint Source: S&P Global Market Intelligence for MSA Demographics Raleigh 7.4% Population Growth 11.8% HH Income Growth Charlotte 6.6% Population Growth 10.3% HH Income Growth Atlanta 4.4% Population Growth 7.7% HH Income Growth Greenville 6.4% Population Growth 6.3% HH Income G
Slide 12: Continuing Southeast Migration
Continuing Southeast Migration Source: U.S. Census Bureau, Vintage 2024 Population Estimates 12 Focus on High-Growth Markets
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) 27% Commercial RE (OO) 15% Construction and Development 9% Other Commercial 15% Equipment Finance 10% 1-4 Family 17% HELOCs and Other Consumer 7% Diversified Loan Portfolio 15 Total Loans $3,671,951 (Dollars in thousands, as of June 30, 2025) 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 Other Retail Office Industrial Non-Owner Occupied CRE NOO CRE – Office Top 5 loans: $6,353,000 $6,323,000 $4,973,000 $4,939,000 $4,652,000 Total - $27,240,000 (29% of the
Slide 17: SBA Loans Portfolio
C&I 33% Hotel 30% Retail 24% Other 9% Office 4% SBA Portfolio Total Balance $137,278 Guaranteed Balance $45,084 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% $- $1,500 $3,000 $4,500 $6,000 $7,500 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 Classified SBA Loans Unguaranteed Balance % of SBA Portfolio 17 SBA Loan
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 $12,000 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 Classified EF Loans Loan Balance % of EF Portfolio 18 Equipment Finance Portfolio (Dollars in thousands, as of June 30, 2025) Construction 30% Healthcare 15% Other 15% Ov
Slide 19: Deposit Franchise
Noninterest- bearing 19% NOW 15% Money Market/Savings 41% Time Deposits 25% 2.33% 2.48% 2.35% 2.19% 2.05% 1.50% 1.75% 2.00% 2.25% 2.50% 2.75% Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Cost of Deposits Deposit Franchise 19 (Dollars in thousands, as of June 30, 2025) Total Deposits $3,666,178
Slide 20: Strong Profitability Metrics
Strong Profitability Metrics (Dollars in thousands, by year) $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 2021 2022 2023 2024 2025 Adjusted Earnings Performance Adj. Net Income (Annualized) Adj. Net Income Adj. Diluted EPS (Annualized) 0.
Slide 21: Solid Asset Quality and Credit Discipline
Solid Asset Quality and Credit Discipline (Dollars in thousands) 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 2021 2022 2023 2024 2025 Net Charge-Offs (“NCO”) and NCO to Average Loans NCOs (Annualized) NCOs NCO/Avg. Loans 0.10% 0.20% 0.30% 0.40% 0.50% 0.60
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% 12/31/21 12/31/22 12/31/23 12/31/24 6/30/25 Tier I Capital (to Risk-Weighted Assets) 9% 10% 11% 12% 13% 14% 15% 12/31/21 12/31/22 12/31/23 12/31/24 6/30/25 Total Risk-Based Capital (to Risk-Weight
Slide 23: Capital Strategy
Capital Strategy 0% 5% 10% 15% 20% 25% 30% $- $0.10 $0.20 $0.30 $0.40 $0.50 2021 2022 2023 2024 2025 Annualized 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 12/31/21 12
Slide 24: Valuation – Peer Comparison: ROA
0.00% 0.25% 0.50% 0.75% 1.00% 1.25% 1.50% 1.75% 2.00% 2.25% 2.50% 2.75% R B C A .A C H C O C C B G S Y B T F C B C C T B I H T B U V S P P E B O F M N B C IV B S M B K C B A N C A R E C C N E G A B C S F S T Annualized Return on Assets (“ROA”) (Three Months ended March 31, 2025) Valuation – Peer Com
Slide 25: Valuation – Peer Comparison: Price to EPS
0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 G A B C S Y B T F C B C C H C O S F S T S M B K C C N E P E B O C B A N C A R E C T B I H T B U V S P C C B G F M N B C IV B R B C A .A Stock Price to Annualized Earnings per Share (“EPS”) (Three Months ended March 31, 2025) Valuation – Peer Comparison HTB Stock
Slide 26: Valuation – Peer Comparison: Price to TBV
0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 C H C O S Y B T G A B C F M N B F C B C C C B G P E B O S M B K C T B I R B C A .A C B A N C IV B H T B U V S P C A R E C C N E S F S T Stock Price to Tangible Book Value (“TBV”) per Share (Three Months ended March 31, 2025) Valuation – Peer Comparison Source: Each in
Slide 27: Quarterly Highlights
Quarterly Highlights Net Income Per Share 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 Basic $ 1.01 $ 0.84 $ 0.83 $ 0.77 $ 0.73 $ 0.88 Diluted $ 1.00 $ 0.84 $ 0.83 $ 0.76 $ 0.73 $ 0.88 See Appendix – Non-GAAP Reconciliation Performance Ratios 6/30/2025 3/31/2025 12/31/2024 9/30/2024
Slide 28: Quarterly Highlights: Net Interest Margin
Quarterly Highlights Net Interest Margin 4.33% 4.04% 4.05% 4.05% 4.10% 4.03% 4.09% 4.18% 4.32% 4.26% 4.04% 4.06% 4.02% 4.05% 3.98% 3.95% 4.14% 4.16% 3.50% 3.75% 4.00% 4.25% 4.50% Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 NIM Reported NIM Core* 4.25% 4.50% 4.75% 5.00% 5.
Slide 29: Appendix – Non-GAAP Recon
Appendix – Non-GAAP Recon 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 pe
Slide 30: Appendix – Non-GAAP Recon: Tangible Book Value
Appendix – Non-GAAP Recon 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) 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 Total stockholder's equity 579,274$ 565,449$ 551,758$ 540,004$ 523,628$ L
Slide 31: Appendix – Non-GAAP Recon: Adjustments
6 Months Ended (Dollars in thousands) 6/30/2025 12/31/2024 12/31/2023 12/31/2022 12/31/2021 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 - (1,1
Slide 32: Appendix – Non-GAAP Recon: Efficiency Ratio
(Dollars in thousands) 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 Noninterest expense 31,255$ 30,961$ 34,009$ 30,869$ 30,490$ 30,138$ Less: contract renew al consulting fee - - (2,965) - - - Noninterest expense - adjusted 31,255$ 30,961$ 31,044$ 30,869$ 30,490$ 30,138$ Net interest
Slide 33: Culture Fundamentals
33 Culture Fundamentals 33 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 34: Contact Information
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 34