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3rd Quarter 2025 Investor Presentation
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This document includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of1995. Forward-looking statements arenotstatements of historical fact, but instead are based on certain assumptionsincluding statements with respect to the Company's beliefs, plans, objectives, goals, expectations, assumptions, andstatements about future economic performance and projections of financial items. These forward-looking statements aresubject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materiallyfrom the results anticipated or implied by forward-looking statements. The factors that could result in materialdifferentiation include, but are not limited to natural disasters, including the lingering effects of Hurricane Helene; expectedrevenues, cost savings, synergies and other benefits from merger and acquisition activities might not be realized to theextent anticipated, within the anticipated time frames, or at all, and costs or difficulties relating to integration matters,including but not limited to customer and employee retention, might be greater than expected; goodwill impairmentcharges might be incurred; increased competitive pressures among financial services companies; changes in the interestrate environment; changes in general economic conditions, both nationally and in our market areas; legislative andregulatory changes; and the effects of inflation, a potential recession, and other factors described in the Company's latestannual Report on Form 10-K and Quarterly Reports on Form 10-Q and other documents filed with or furnished to theSecurities and Exchange Commission - which are available on the Company's website at www.htb.com and on the SEC'swebsite at www.sec.gov. Any of the forward-looking statements that the Company makes in this document or thedocuments the Company files with or furnishes to the SEC are based upon management's beliefs and assumptions at thetime they are made and may turn out to be wrong because of inaccurate assumptions, the factors described above orbecause of other factors that management cannot foresee. The Company does not undertake, and specifically disclaimsany obligation, to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events orcircumstances after the date of such statements. Forward Looking Statements 2
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Founded:1926Founded:1926Founded:1926Locations:32Locations:32Locations:32Employees:557Employees:557Employees:557Headquarters:Asheville,NCHeadquarters:Asheville,NCHeadquarters:Asheville,NCNYSE:HTBNYSE:HTBNYSE:HTB Overview$4.6BAssets$3.6BLoans$3.7BDeposits127%Price to TBV 9,947,945Total Shares Repurchased Since Buybacks Approved in April 2013 $706MMMarket Cap48,521TTM Average Daily Volume17,520,425Outstanding Shares• Financial data as of September 30, 2025• Market data as of October 20, 20253
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One of the Top 50 Community Banks two years in a row -2023 and 2024One of the Top 100 Best Banks two years in a row -2024 and 2025One of the Top 100 Best U.S. Banks less than $5 billion two years in a row – 2024 and 2025 4 Our GoalBecome a High-Performing, Regional Community Bank One of only 16 banks (top 5%) recognized for consistent earnings growth over the past 10 years 2025
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Become a regionally & nationally recognized Best Place to WorkThe Strategy to Reach Our Goal 5
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$25.47$26.39$27.10$27.73$28.57$29.24$30.00$30.92$31.83 $21.00$22.00$23.00$24.00$25.00$26.00$27.00$28.00$29.00$30.00$31.00$32.00 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025See Appendix – Non-GAAP Reconciliation Tangible Book ValuePer Share Growth +11.8% CAGR over last 24 months 6
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Transfer of Common Stock to NYSE HTBHTB• 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
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Focused Deposit Growth Organizational MaturityFocused Deposit Growth Organizational MaturityFocused Deposit Growth Organizational Maturity Strategic FrameworkHigh PerformanceBest Place to Work Added Shareholder ValueHigh PerformanceBest Place to Work Added Shareholder ValueHigh PerformanceBest Place to Work Added Shareholder Value Engaged Employees Collaborative Culture Great Markets for BusinessStrong Balance Sheet Foundation Priorities Goals 8
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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 experienced team of revenue producers with local market knowledge•Attractive core deposit mix and cost•Refreshed leadership team with extensive banking experienceOur stock represents a value when compared to our peers (See Page 24) Transformation efforts have driven improvements in profitability and our capital position (See Pages 6, 20-23, 25-26)•Top quartile financial performance and superior interest margin•Proven ability to generate noninterest income•Continued expense rationalization•Robust tangible book value growth with minimal AOCI effect•Strong capital position to support continued growth Strong asset quality and credit discipline to support further growth(See Page 21)9
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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. Banking Group Executive (2015)• Lora Jex – Chief Risk Officer (2023)• Megan Pelletier – Chief Operations & People Officer (2022)• Tony J. VunCannon – CFO, Corporate Secretary & Treasurer (1992)Board of Directors• Richard T. Williams, Chair (2016)• C. Hunter Westbrook, Vice-Chair (2021)• Bonnie V. Hancock (2024)• Dwight L. Jacobs (2024)• Jesse J. Cureton, Jr. (2024)• John A. Switzer (2019)• Laura C. Kendall (2016)• Narasimhulu Neelagaru M.D. (2023)• Rebekah M. Lowe (2020)• Robert E. James, Jr. (2016)*The years identified above reflect the years these individuals joined the Company 7 of our 8 Executive officers have joined the Company since our 2012 conversion, joining from leadership positions at institutions such as PNC, SouthState, SunTrust, TCF and Wells Fargo All board members have been appointed since our 2012 mutual to stock conversion, including the addition of three new directors in April 2024 10
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Strong Southeast Footprint Source: S&P Global Market Intelligence for MSA Demographics Raleigh7.4%Population Growth 11.8% HHIncome GrowthCharlotte6.6%Population Growth 10.3% HHIncome GrowthAtlanta4.4%Population Growth 7.7% HHIncome GrowthGreenville6.4%Population Growth 6.3% HHIncome Growth(2025 to 2030 Projected Changes) Charleston7.4%Population Growth 10.1% HHIncome Growth Focused on High-Growth Markets 11 1.4.7.8.18.North CarolinaVirginiaGeorgiaTennesseeSouth Carolina 2025
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Continuing Southeast Migration Source: U.S. Census Bureau, Vintage 2024 Population Estimates12 Focus on High-Growth Markets
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Business BankingBusiness Banking CentersSBA LendingCommunity Association Banking Small Business Banking Consumer Banking CommercialCommercial Real EstateCommercial & IndustrialMiddle Market BankingEquipment & Municipal FinanceTreasury Management ServicesRetail Banking Market TeamsConsumer BankingDigital BankingMortgage BankingInvestment ServicesProfessional BankingHELOCs Originated for Sale Primary Lines of Business 13
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“Branch-Lite”Business Banking Centers“Branch-Lite”Business Banking Centers“Branch Heavy”Consumer Markets“Branch Heavy”Consumer Markets AshevilleRoanokeTri-CitiesBranch Manager &Consumer BankerIntroducingMicro-Business LoansAtlantaCharlotteGreenvilleRaleighBranch Manager &Small Business BankerSmall Business Banking &Professional Banking14 Hybrid Branch Strategy
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Commercial RE (NOO)27%Commercial RE (OO)15%Construction and Development9%Other Commercial16%Equipment Finance9%1-4 Family17% HELOCs and Other Consumer7% Diversified Loan Portfolio 15 Total Loans$3,643,619(Dollars in thousands, as of September 30, 2025)With Low Concentration Risk
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$- $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Hospitality Healthcare Other Shopping Centers Multifamily Office Other Retail Industrial Non-Owner Occupied CRENOO CRE – OfficeTop 5 loans:$6,312,000$6,294,000$4,912,000$4,903,000$4,618,000Total - $27,039,000(28% of the portfolio) 16 (Dollars in thousands, as of September 30, 2025)
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C&I34% Hotel29% Retail24%Other9%Office4%SBA PortfolioTotal Balance$135,157Guaranteed Balance$44,323 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 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 Classified SBA Loans Unguaranteed Balance% of SBA Portfolio 17 SBA Loans Portfolio(Dollars in thousands, as of September 30, 2025)
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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 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 Classified EF Loans Loan Balance% of EF Portfolio 18 Equipment Finance Portfolio(Dollars in thousands, as of September 30, 2025) Construction30% Healthcare15%Other16%Over the Road Transport12% Other Transport13%Manufacturing14%Equipment Finance PortfolioTotal Balance$340,322
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Noninterest-bearing 19%NOW14%Money Market/Savings41% Time Deposits26% 2.48%2.35%2.19%2.05%2.06%1.50%1.75%2.00%2.25%2.50%2.75%Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Cost of DepositsDeposit Franchise 19 (Dollars in thousands, as of September 30, 2025)Total Deposits$3,698,227
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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 $70,0002021 2022 2023 2024 2025Adjusted Earnings PerformanceAdj. Net Income (Annualized)Adj. Net IncomeAdj. Diluted EPS (Annualized) 0.25%0.45%0.65%0.85%1.05%1.25%1.45%1.65%2021 2022 2023 2024 Q3 2025*Adjusted Return on Assets 50%55%60%65%70%75%2021 2022 2023 2024 Q3 2025*Adjusted Efficiency Ratio 2%4%6%8%10%12%14%2021 2022 2023 2024 Q3 2025*Adjusted Return on Average Tangible Common Equity* Period reflects calendar year to date dataSee Appendix – Non-GAAP Reconciliation20
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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 $12,0002021 2022 2023 2024 2025Net Charge-Offs (“NCO”) andNCO to Average LoansNCOs (Annualized)NCOsNCO/Avg. Loans 0.10%0.20%0.30%0.40%0.50%0.60%0.70%0.80%12/31/21 12/31/22 12/31/23 12/31/24 9/30/25Nonperforming Assets to Total Assets 0%150%300%450%600%750%12/31/21 12/31/22 12/31/23 12/31/24 9/30/25ACL to Nonperforming Loans (Coverage Ratio)21 0.60%0.80%1.00%1.20%1.40%1.60% $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,00012/31/21 12/31/22 12/31/23 12/31/24 9/30/25Allowance for Credit Losses (“ACL”)and ACL to Total LoansACLACL/Total Loans
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Strong Capital Position to Support Continued Growth(Dollars in thousands) 7%8%9%10%11%12%13%14%15%12/31/21 12/31/22 12/31/23 12/31/24 9/30/25Tier I Capital(to Risk-Weighted Assets) 9%10%11%12%13%14%15%16%12/31/21 12/31/22 12/31/23 12/31/24 9/30/25Total Risk-Based Capital(to Risk-Weighted Assets) 6%7%8%9%10%11%12%13%14%12/31/21 12/31/22 12/31/23 12/31/24 9/30/25Common Equity Tier I Capital(to Risk-Weighted Assets) 4%5%6%7%8%9%10%11%12%13%14%12/31/21 12/31/22 12/31/23 12/31/24 9/30/25Tier I Capital(to Total Adjusted Assets) 22
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Capital Strategy 0%5%10%15%20%25%30% $- $0.10 $0.20 $0.30 $0.40 $0.502021 2022 2023 2024 2025AnnualizedCash DividendsDividend/Share AnnualizedDividend/ShareDividend 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 $45.0012/31/21 12/31/22 12/31/23 12/31/24 9/30/25Market Price and Price to Tangible BookMarket Price per SharePrice to Tangible Book Stock BuybacksAverage Cost Per Share ($)Total Cost ($)Number of SharesTotal Buybacks as a % of O/S Shares as of 2/19/13Buybacks$20.86$207,532,0009,947,94545.9%Total repurchased through September 30, 202593,212 shares repurchased during thenine months ended September 30, 2025149,944Shares remaining to be repurchased under most recentbuyback plan10,097,889Total repurchased and authorized•On April 22, 2024, the Company's Board of Directors re-authorized the repurchase of the remaining shares of the Company’s common stock under the repurchase plan originally authorized in February of 2022.23
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(Three Months ended June 30)Valuation – Peer Comparison *Peer group includes banks of comparable size and complexity as disclosed in the most recent proxy statement.Source: Each institution’s respective public filings24 1.21% 1.89% Peer 17Peer 16Peer 13Peer 15Peer 14Peer 12Peer 11Peer 10Peer 9Peer 8Peer 7Peer 6Peer 5Peer 4Peer 2Peer 3Peer 12024 1.46%2.21% Peer 17Peer 16Peer 13Peer 12Peer 6Peer 14Peer 15Peer 7Peer 10Peer 11Peer 8Peer 3Peer 4Peer 5Peer 1Peer 22025 10.17 17.32 Peer 15Peer 2Peer 11Peer 14Peer 4Peer 10Peer 12Peer 8Peer 16Peer 6Peer 13Peer 17Peer 1Peer 3Peer 7Peer 52025 9.33 21.50 Peer 10Peer 18Peer 6Peer 8Peer 15Peer 12Peer 2Peer 14Peer 9Peer 11Peer 4Peer 13Peer 3Peer 7Peer 1Peer 5Peer 16Peer 172024 1.08 2.97 Peer 17Peer 18Peer 12Peer 16Peer 10Peer 14Peer 15Peer 13Peer 2Peer 4Peer 9Peer 8Peer 6Peer 3Peer 7Peer 5Peer 11Peer 12024 1.21 2.93 Peer 17Peer 12Peer 16Peer 10Peer 14Peer 4Peer 15Peer 13Peer 2Peer 6Peer 8Peer 11Peer 3Peer 7Peer 5Peer 12025Annualized Return on Assets (“ROA”)Stock Price to Annualized Earnings per Share (“EPS”)Stock Price to Tangible Book Value (“TBV”) per Share HTBHTBHTBHTBHTBHTB
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Quarterly Highlights 6/30/20249/30/202412/31/20243/31/20256/30/20259/30/2025Net Income Per Share$ 0.73$ 0.77$ 0.83$ 0.84$ 1.01$ 0.96Basic $ 0.73$ 0.76$ 0.83$ 0.84$ 1.00$ 0.95Diluted See Appendix – Non-GAAP Reconciliation 6/30/20249/30/202412/31/20243/31/20256/30/20259/30/2025Performance Ratios1.13 %1.17 %1.27 %1.33 %1.58 %1.48 %Return on assets (ROA)9.58 %9.76 %10.32 %10.52 %11.97 %11.10 %Return on equity (ROE)6.32 %6.34 %6.27 %6.20 %6.22 %6.21 %Yield on earning assets3.01 %3.09 %2.94 %2.73 %2.61 %2.63 %Rate paid on interest-bearing liabilities4.10 %4.03 %4.09 %4.18 %4.32 %4.31%Net interest margin59.89 %60.52 %59.89 %60.29 %58.59 %57.28%Efficiency ratio - adjusted6/30/20249/30/202412/31/20243/31/20256/30/20259/30/2025Asset Quality Ratios0.54 %0.64 %0.63 %0.61 %0.67 %0.72 %Nonperforming assets to total assets0.68 %0.78 %0.76 %0.74 %0.81 %0.89%Nonperforming loans to total loans0.91 %0.99 %1.06 %0.85 %1.07 %1.23%Classified assets to total assets194.80 %166.51 %163.68 %165.96 %147.98 %132.26 %ACL to nonperforming loans1.33 %1.30 %1.24 %1.23 %1.20 %1.18 %ACL to total loans0.27 %0.42 %0.19 %0.14 %0.21 %0.29 %Net charge-offs to average loans25
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Quarterly Highlights Net Interest Margin4.04%4.05%4.05%4.10%4.03%4.09%4.18%4.32%4.31%4.04%4.06%4.02%4.05%3.98%3.95%4.14%4.16%4.24%3.50%3.75%4.00%4.25%4.50%Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025NIM ReportedNIM Core*4.00%4.25%4.50%4.75%5.00%5.25%5.50%5.75%Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025Federal Funds Rate* Core net interest margin excludes accretion income and other loan fees.26
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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 per share; net income, EPS, ROA, and return on average tangiblecommon equity (ROATE) as adjusted to exclude transactions which management does not consider to be reflective of “core” financial results. Management haspresented the non-GAAP financial measures in this document as it believes including these items provides useful and comparative information to assess trends in ourcore operations while facilitating the comparison of the quality and composition of our earnings over time and in comparison to our competitors. However, these non-GAAP financial measures are supplemental, are not audited and are not a substitute for operating results or any analysis determined in accordance with GAAP. Whereapplicable, we have also presented comparable earnings information using GAAP financial measures. Because not all companies use the same calculations, ourpresentation may not be comparable to other similarly titled measures as calculated by other companies.9 Months Ended(Dollars in thousands)9/30/2025 12/31/2024 12/31/2023 12/31/2022 12/31/2021Noninterest expense 93,482$ 125,497$ 123,655$ 105,423$ 130,578$ Less: contract renew al consulting fee - (2,965) - - - Less: merger-related expense - - (4,741) (724) - Less: branch closure and restructuring expenses - - - - (1,513) Less: officer transition agreement expense - - - (1,795) - Less: prepayment penalties on borrow ings - - - - (22,690) Noninterest expense - adjusted 93,482$ 122,532$ 118,914$ 102,904$ 106,375$ Net interest income 132,525$ 169,504$ 169,999$ 127,964$ 106,566$ Plus: tax-equivalent adjustment 1,289 1,460 1,244 1,189 1,268 Plus: noninterest income 26,935 33,449 32,073 34,515 42,284 Less: net death benefit proceeds from BOLI policies - (1,143) (2,646) - - Less: gain on sale of debt securities available for sale - - - (1,895) - Less: gain on sale of equity securities - - - (721) - Less: gain on sale of branches (1,448) - - - - Less: (gain) loss on sale of premises and equipment (28) 9 (734) (1,115) 1,398 Net interest income plus noninterest income - adjusted 159,273$ 203,279$ 199,936$ 159,937$ 151,516$ Efficiency ratio 58.62% 61.84% 61.19% 64.88% 87.72%Efficiency ratio - adjusted 58.69% 60.28% 59.48% 64.34% 70.21%12 Months E nded(Dollars in thousands)9/30/2025 12/31/2024 12/31/2023 12/31/2022 12/31/2021Total stockholder's equity 595,833$ 551,758$ 499,893$ 410,155$ 401,746$ Less: goodw ill, core deposit intangibles, net of taxes (38,160) (39,189) (41,086) (25,663) (25,780) Tangible book value 557,673$ 512,569$ 458,807$ 384,492$ 375,966$ Common shares outstanding 17,520,425 17,527,709 17,387,069 15,673,595 16,303,461 Book value per share 34.01$ 31.48$ 28.75$ 26.17$ 24.64$ Tangible book value per share 31.83$ 29.24$ 26.39$ 24.53$ 23.06$ HomeTrust Bancshares, Inc. share price 40.94$ 33.68$ 26.92$ 24.17$ 30.98$ Price to tangible book value 128.6% 115.2% 102.0% 98.5% 134.3%As ofSet forth is a reconciliation to GAAP of our efficiency ratio:Set forth is a reconciliation to GAAP of tangible book value, tangible book value per share, and price to tangible book value: 27
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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)9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024Total stockholder's equity 595,833$ 579,274$ 565,449$ 551,758$ 540,004$ Less: goodw ill, core deposit intangibles, net of taxes (38,160) (38,477) (38,793) (39,189) (39,626) Tangible book value 557,673$ 540,797$ 526,656$ 512,569$ 500,378$ Common shares outstanding 17,520,425 17,492,143 17,552,626 17,527,709 17,514,922 Book value per share 34.01$ 33.12$ 32.21$ 31.48$ 30.83$ Tangible book value per share 31.83$ 30.92$ 30.00$ 29.24$ 28.57$ HomeTrust Bancshares, Inc. share price 40.94$ 37.41$ 34.28$ 33.68$ 34.08$ Price to tangible book value 128.6% 121.0% 114.2% 115.2% 119.3%As of(Dollars in thousands)6/30/2024 3/31/2024 12/31/2023 9/30/2023Total stockholder's equity 523,628$ 513,173$ 499,893$ 484,411$ Less: goodw ill, core deposit intangibles, net of taxes (40,063) (40,500) (41,086) (41,748) Tangible book value 483,565$ 472,673$ 458,807$ 442,663$ Common shares outstanding 17,437,326 17,444,787 17,387,069 17,380,307 Book value per share 30.03$ 29.42$ 28.75$ 27.87$ Tangible book value per share 27.73$ 27.10$ 26.39$ 25.47$ HomeTrust Bancshares, Inc. share price 30.03$ 27.34$ 26.92$ 21.67$ Price to tangible book value 108.3% 100.9% 102.0% 85.1%As of(Continued) 28
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9 Months Ended(Dollars in thousands)9/30/2025 12/31/2024 12/31/2023 12/31/2022 12/31/2021Contract 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 - (1,143) (2,646) - - Tax impact of BOLI restructuring - - 288 - - Gain on sale of equity securities - - - (721) - Gain on sale of branches (1,448) - - - - (Gain) loss on sale of premises and equipment (28) 9 (734) (1,115) 1,398 Branch closure and restructuring expenses - - - - 1,513 Officer transition agreement expense - - - 1,795 - Gain on sale of debt securities available for sale - - - (1,895) - Prepayment penalty on borrow ings - - - - 22,690 Total adjustments (1,476) 1,831 6,919 (1,212) 25,601 Less: tax effect 347 (430) (1,558) 285 (6,016) Total adjustments, net of tax (1,129) 1,401 5,361 (927) 19,585 Net income (GAAP) 48,240 54,805 50,044 36,905 22,066 Adjusted net income (non-GAAP) 47,111$ 56,206$ 55,405$ 35,978$ 41,651$ Average shares outstanding - basic 17,005,206 16,914,741 16,604,881 15,149,241 15,815,635 Average shares outstanding - diluted 17,117,605 16,977,330 16,622,371 15,319,601 16,182,068 Basic EPS (GAAP) 2.81$ 3.21$ 2.99$ 2.42$ 1.38$ Non-GAAP adjustment (0.07) 0.08 0.32 (0.06) 1.24 Adjusted basic EPS (non-GAAP) 2.74$ 3.29$ 3.31$ 2.36$ 2.62$ Diluted EPS (GAAP) 2.79$ 3.20$ 2.99$ 2.39$ 1.35$ Non-GAAP adjustment (0.07) 0.08 0.32 (0.06) 1.21 Adjusted diluted EPS (non-GAAP) 2.72$ 3.28$ 3.31$ 2.33$ 2.56$ Average assets 4,408,378$ 4,439,661$ 4,285,115$ 3,551,791$ 3,618,635$ Average equity 575,614$ 528,288$ 471,107$ 398,055$ 401,527$ ROA (GAAP) 1.46% 1.23% 1.17% 1.04% 0.61%Non-GAAP adjustment -0.03% 0.03% 0.13% -0.03% 0.54%Adjusted ROA (non-GAAP) 1.43% 1.26% 1.30% 1.01% 1.15%ROE (GAAP) 11.20% 10.37% 10.62% 9.27% 5.50%Non-GAAP adjustment -0.26% 0.27% 1.14% -0.23% 4.88%Adjusted ROE (non-GAAP) 10.94% 10.64% 11.76% 9.04% 10.38%Average equity 575,614$ 528,288$ 471,107$ 398,055$ 401,527$ Less: goodw ill, core deposit intangible, net of taxes (38,160) (39,189) (41,086) (25,663) (25,780) Average tangible book value 537,454$ 489,099$ 430,021$ 372,392$ 375,747$ Adjusted ROATCE 11.69% 11.49% 12.88% 9.66% 11.08% 12 Months EndedAppendix – Non-GAAP Recon In relation to the two-class method, net income used in the calculations of basic and diluted EPS have adjustments, which are included in Company documents previously filed with the SEC.(Continued) 29
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(Dollars in thousands)9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024Noninterest expense 31,266$ 31,255$ 30,961$ 34,009$ 30,869$ 30,490$ Less: contract renew al consulting fee - - - (2,965) - - Noninterest expense - adjusted 31,266$ 31,255$ 30,961$ 31,044$ 30,869$ 30,490$ Net interest income 45,389$ 44,229$ 42,907$ 43,205$ 42,358$ 42,446$ Plus: tax-equivalent adjustment 440 431 418 389 368 354 Plus: noninterest income 8,751 10,157 8,027 8,243 8,282 8,113 Less: gain on sale of branches - (1,448) - - - - Less: (gain) loss on sale of premises and equipment - (28) - - - - Net interest income plus noninterest income - adjusted 54,580$ 53,341$ 51,352$ 51,837$ 51,008$ 50,913$ Efficiency Ratio 57.75% 57.47% 60.79% 66.10% 60.96% 60.31%Efficiency Ratio - adjusted 57.28% 58.59% 60.29% 59.89% 60.52% 59.89%3 Months endedAppendix – Non-GAAP Recon Set forth is a reconciliation to GAAP of our quarterly return on assets:(Dollars in thousands)9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024Contract renew al consulting fee -$ -$ -$ 2,965$ -$ -$ Gain on sale of branches - (1,448) - - - - (Gain) loss on sale of premises and equipment - (28) - - - - Total adjustments -$ (1,476)$ -$ 2,965$ -$ -$ Less: tax effect - 347 - (697) - - Total adjustments, net of tax - (1,129) - 2,268 - - Net income (GAAP) 16,491 17,210 14,539 14,208 13,112 12,418 Adjusted net income (non-GAAP) 16,491$ 16,081$ 14,539$ 16,476$ 13,112$ 12,418$ Average assets 4,431,153$ 4,366,891$ 4,427,045$ 4,461,612$ 4,449,215$ 4,426,915$ Average equity 589,632$ 576,574$ 560,312$ 547,711$ 534,726$ 521,562$ ROA (GAAP) 1.48% 1.58% 1.33% 1.27% 1.17% 1.13%Non-GAAP adjustment 0.00% -0.10% 0.00% 0.20% 0.00% 0.00%Adjusted ROA (non-GAAP) 1.48% 1.48% 1.33% 1.47% 1.17% 1.13%ROE (GAAP) 11.10% 11.97% 10.52% 10.32% 9.76% 9.58%Non-GAAP adjustment 0.00% -0.78% 0.00% 1.66% 0.00% 0.00%Adjusted ROE (non-GAAP) 11.10% 11.19% 10.52% 11.98% 9.76% 9.58%3 Months endedSet forth is a reconciliation to GAAP of our quarterly efficiency ratio:(Continued) 30
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33 Culture Fundamentals 31 1. DO THE RIGHT THING, ALWAYS2. LOOK AHEAD AND ANTICIPATE3. BE POSITIVE4. THINK TEAM5. LISTEN GENEROUSLY6. SPEAK STRAIGHT7. EMBRACE DIVERSE PERSPECTIVES8. FIND A WAY9. PRACTICE BLAMELESS PROBLEM-SOLVING10. BE OBJECTIVE11. PAY ATTENTION TO THE DETAILS12. INVEST IN RELATIONSHIPS13. DEBATE, THEN ALIGN14. GO THE EXTRA MILE15. TAKE INTELLIGENT RISKS16. PRACTICE KINDNESS17. THINK AND ACT LIKE AN OWNER18. GET CLEAR ON EXPECTATIONS19. HONOR COMMITMENTS20. SHOW MEANINGFUL APPRECIATION21. ASSUME POSITIVE INTENT22. “BRING IT” EVERY DAY23. BE RELENTLESS ABOUT IMPROVEMENT24. BE A FANATIC ABOUT RESPONSE TIME25. WORK ON YOURSELF26. COLLABORATE27. MAKE QUALITY PERSONAL28. BE READY FOR WHAT’S NEXT29. DELIVER AN EFFORTLESS EXPERIENCE30. CREATE A GREAT IMPRESSION31. OWN YOUR WORK-LIFE BALANCE32. FOCUSED EXECUTION33. KEEP THINGS FUN “How we engage our customers, how we treat each other, and how we manage the Bank.”
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Hunter WestbrookPresident and Chief Executive Officerhunter.westbrook@htb.comTony VunCannonEVP / Chief Financial Officer Corporate Secretary / Treasurertony.vuncannon@htb.com10 Woodfin StreetAsheville, NC 28801(828) 259-3939www.htb.com 32