HomeTrust Bancshares (HTB) investor relations material

Executive summary

• Q3 net income was $17.965 million, diluted EPS $1.11, ROA 1.65% and NIM 4.46%.

• Nine-month net income was $50.4 million versus $48.2 million YoY; diluted EPS was $3.04 versus $2.79.

• At Sept. 30, assets were $4.4 billion, loans $3.6 billion and deposits $3.6 billion.

• Proposed Blue Ridge merger would create a more than $7 billion-asset franchise with over 60 locations and broaden Virginia presence.

Financial highlights

• Q3 net interest income was $46.463 million; noninterest income was $9.069 million. Net interest income rose $1.2 million QoQ to $46.5 million.

• Nine-month net interest income increased $3.5 million YoY to $136.1 million; noninterest income rose 5.2% to $28.3 million and noninterest expense rose 8.1% to $101.1 million.

• Q3 provision for credit losses was $805,000 versus $920,000 QoQ; nine-month provision was $2.1 million versus $4.9 million YoY.

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

• Adjusted efficiency ratio was 59.40% in Q3 versus 61.04% QoQ; nine-month ratio was 60.34% versus 58.69% YoY.

Outlook and guidance

• Blue Ridge transaction is expected to close early in Q1 2027, subject to regulatory and shareholder approvals and customary closing conditions.

• Merger projections include fully phased 2027 EPS accretion of ~30%, ROAA of 1.70%, ROATCE of 15.6% and efficiency ratio of 49.3%.

• Pro forma estimates include fully phased cost savings, projected TBVPS dilution of 8.3%, earnback of 3.25 years, EPS acceleration in more than four years and CET1 of 13.0%.

• Combined franchise would have more than $7 billion in assets; Blue Ridge shareholders are expected to own ~35% at closing.