HomeTrust Bancshares (HTB) investor relations material

Executive summary

• Q3 net income was $17.965M, diluted EPS $1.11, ROA 1.65% and NIM 4.46%; net income rose from $15.6M in Q2.

• 9M net income was $50.4M versus $48.2M YoY; diluted EPS was $3.04 versus $2.79.

• Proposed Blue Ridge merger would create a bank with more than $7B in assets and over 60 locations; fully phased 2027E EPS accretion is projected at ~30%.

Financial highlights

• Q3 net interest income was $46.463M, up from $45.3M in Q2; 9M NII was $136.1M versus $132.5M YoY.

• Q3 provision for credit losses was $805,000 versus $920,000 QoQ; 9M provision was $2.1M versus $4.9M YoY.

• 9M noninterest income rose 5.2% YoY to $28.3M; noninterest expense rose 8.1% to $101.1M, including $904,000 in merger-related expense.

• Adjusted efficiency ratio was 59.40% in Q3 versus 61.04% in Q2; 9M ratio was 60.34% versus 58.69% YoY.

• Tangible book value per share was $33.70; adjusted for share repurchases, $34.52, with 24-month CAGRs of 8.6% and 9.9%, respectively.

Outlook and guidance

• Blue Ridge merger is expected to close early in Q1 2027, subject to regulatory and shareholder approvals and customary closing conditions; Blue Ridge shareholders are expected to own ~35% of the combined entity.

• Fully phased merger projections include 2027E EPS accretion of ~30%, ROAA of 1.70%, ROATCE of 15.6% and an efficiency ratio of 49.3%.

• Pro forma estimates include fully phased cost savings; projected TBVPS dilution is 8.3%, earnback 3.25 years and EPS acceleration >4 years.

• Pro forma CET1 of 13.0% is expected to support organic growth and continued capital management.