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4th Quarter 2025 Investor Presentation
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This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Actof 1995. Forward-looking statements are not statements 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 expected revenues, cost savings, synergies and other benefits from mergerand acquisition activities might not be realized to the extent anticipated, within the anticipated time frames, or at all, costsor difficulties relating to integration matters, including but not limited to customer and employee retention, might be greaterthan expected, and goodwill impairment charges might be incurred; increased competitive pressures among financialservices companies; changes in the interest rate environment; changes in general economic conditions, both nationally andin our market areas; natural disasters; legislative and regulatory changes; and the effects of inflation, a potential recession,and other factors described in the Company's latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q andother documents filed with or furnished to the Securities and Exchange Commission - which are available on theCompany's website at www.htb.com and on the SEC's website at www.sec.gov. Any of the forward-looking statementsthat the Company makes in this press release or in the documents the Company files with or furnishes to the SEC arebased upon management's beliefs and assumptions at the time they are made and may turn out to be wrong because ofinaccurate assumptions, the factors described above or other factors that management cannot foresee. The Companydoes not undertake, and specifically disclaims any obligation, to revise any forward-looking statements to reflect theoccurrence of anticipated or unanticipated events or circumstances after the date of such statements. Forward Looking Statements 2
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Founded:1926Founded:1926Founded:1926Locations:32Locations:32Locations:32Employees:566Employees:566Employees:566Headquarters:Asheville,NCHeadquarters:Asheville,NCHeadquarters:Asheville,NCNYSE:HTBNYSE:HTBNYSE:HTB Overview$4.5BAssets1$3.6BLoans1$3.7BDeposits1136%Price to TBV2 10,189,146Total Shares Repurchased Since Buybacks Approved in April 20131 $762MMMarket Cap253,127TTM Average Daily Volume217,286,289Outstanding Shares11. Financial data as of December 31, 20252. Market data as of January 16, 20263
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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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$26.39$27.10$27.73$28.57$29.24$30.00$30.92$31.83$32.56 $21.00$22.00$23.00$24.00$25.00$26.00$27.00$28.00$29.00$30.00$31.00$32.00$33.00 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025See Appendix – Non-GAAP Reconciliation Tangible Book ValuePer Share Growth +11.1% 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: Retirement Living 202512 Focused on High-Growth Markets3.5.7.8.32.North CarolinaSouth CarolinaGeorgiaTennesseeVirginia
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Business BankingBusiness Banking CentersSBA LendingCommunity Association Banking Small Business BankingConsumer 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)26%Commercial RE (OO)16%Construction and Development9%Other Commercial15%Equipment Finance9%1-4 Family18% HELOCs and Other Consumer7% Diversified Loan Portfolio 15 Total Loans$3,578,154(Dollars in thousands, as of December 31, 2025)With Low Concentration Risk
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$- $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Hospitality Healthcare Other Multifamily Shopping Centers Office Other Retail Industrial Non-Owner Occupied CRENOO CRE – OfficeTop 5 loans:$6,268,000$6,263,000$4,864,000$4,863,000$4,584,000Total - $26,842,000(28% of the portfolio) 16 (Dollars in thousands, as of December 31, 2025)
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C&I36% Hotel27% Retail22%Other11%Office4%SBA PortfolioTotal Balance$141,560Guaranteed Balance$47,771 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 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 Classified SBA Loans Unguaranteed Balance% of SBA Portfolio 17 SBA Loans Portfolio(Dollars in thousands, as of December 31, 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 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 Classified EF Loans Loan Balance% of EF Portfolio 18 Equipment Finance Portfolio(Dollars in thousands, as of December 31, 2025) Construction28% Other17%Healthcare15%Manufacturing15% Other Transport13%Over the Road Transport12%Equipment Finance PortfolioTotal Balance$311,356
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Noninterest-bearing 19%NOW15%Money Market/Savings42% Time Deposits24% 2.35%2.19%2.05%2.06%2.00% 1.50%1.75%2.00%2.25%2.50%Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Cost of DepositsDeposit Franchise 19 (Dollars in thousands, as of December 31, 2025)Total Deposits$3,709,997
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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 IncomeAdj. Diluted EPS 0.25%0.45%0.65%0.85%1.05%1.25%1.45%1.65%2021 2022 2023 2024 2025Adjusted Return on Assets 50%55%60%65%70%75%2021 2022 2023 2024 2025Adjusted Efficiency Ratio 2%4%6%8%10%12%14%2021 2022 2023 2024 2025Adjusted Return on Average Tangible Common EquitySee 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 LoansNCOsNCO/Avg. Loans 0.00%0.20%0.40%0.60%0.80%1.00%1.20%12/31/21 12/31/22 12/31/23 12/31/24 12/31/25Nonperforming Assets to Total AssetsNonperforming AssetsGovt Guaranteed 0%150%300%450%600%750%12/31/21 12/31/22 12/31/23 12/31/24 12/31/25ACL 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 12/31/25Allowance 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 12/31/25Tier 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 12/31/25Total 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 12/31/25Common 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 12/31/25Tier 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 2025Cash DividendsDividend/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 $45.00 $50.0012/31/21 12/31/22 12/31/23 12/31/24 12/31/25Market Price and Price to Tangible BookMarket Price per SharePrice to Tangible Book Stock BuybacksAverage Cost Per Share ($)Total Cost ($)Number of SharesTotal Buybacks as a % of O/S Shares as of 2/19/13Buybacks$21.37$217,708,00010,189,14647.0%Total repurchased through December 31, 2025334,413 shares repurchased during theyear ended December 31, 2025778,743Shares remaining to be repurchased under most recentbuyback plan10,967,889Total repurchased and authorized•On December 16, 2025, the Company's Board of Directors authorized the repurchase of 870,000 shares or approximately 5% of the Company’s outstanding shares.23
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1.22% 1.88% Peer 17Peer 16Peer 13Peer 14Peer 15Peer 11Peer 12Peer 9Peer 10Peer 8Peer 7Peer 6Peer 5Peer 4Peer 3Peer 2Peer 1 1.46%2.03% Peer 16Peer 12Peer 17Peer 14Peer 13Peer 11Peer 6Peer 15Peer 10Peer 7Peer 8Peer 4Peer 3Peer 5Peer 1Peer 2(Three Months ended September 30)Valuation – Peer Comparison *Peer group includes banks of comparable size and complexity as disclosed in the most recent proxy statement.Source: Each institution’s respective public filings24 202420252025 10.78 20.95 Peer 6Peer 15Peer 12Peer 10Peer 4Peer 8Peer 2Peer 14Peer 9Peer 11Peer 13Peer 7Peer 1Peer 3Peer 5Peer 16Peer 1720242024 1.29 2.80 Peer 17Peer 16Peer 15Peer 12Peer 10Peer 14Peer 4Peer 6Peer 2Peer 13Peer 8Peer 3Peer 11Peer 7Peer 5Peer 12025Annualized Return on Assets (“ROA”)Stock Price to Annualized Earnings per Share (“EPS”)Stock Price to Tangible Book Value (“TBV”) per Share HTBHTBHTBHTBHTBHTB 1.19 2.97 Peer 17Peer 12Peer 16Peer 15Peer 10Peer 14Peer 13Peer 4Peer 2Peer 6Peer 9Peer 8Peer 7Peer 3Peer 11Peer 5Peer 1 11.01 14.96 Peer 15Peer 10Peer 2Peer 11Peer 4Peer 6Peer 14Peer 8Peer 13Peer 17Peer 3Peer 1Peer 7Peer 12Peer 16Peer 5
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Quarterly Highlights 9/30/202412/31/20243/31/20256/30/20259/30/202512/31/2025Net Income Per Share$ 0.77$ 0.83$ 0.84$ 1.01$ 0.96$ 0.94Basic $ 0.76$ 0.83$ 0.84$ 1.00$ 0.95$ 0.93Diluted See Appendix – Non-GAAP Reconciliation 9/30/202412/31/20243/31/20256/30/20259/30/202512/31/2025Performance Ratios1.17 %1.27 %1.33 %1.58 %1.48 %1.44 %Return on assets (ROA)9.76 %10.32 %10.52 %11.97 %11.10 %10.63 %Return on equity (ROE)6.34 %6.27 %6.20 %6.22 %6.21 %6.02 %Yield on earning assets3.09 %2.94 %2.73 %2.61 %2.63 %2.53 %Rate paid on interest-bearing liabilities4.03 %4.09 %4.18 %4.32 %4.31%4.20%Net interest margin60.52 %59.89 %60.29 %58.59 %57.28%58.80%Efficiency ratio - adjusted9/30/202412/31/20243/31/20256/30/20259/30/202512/31/2025Asset Quality Ratios0.64 %0.63 %0.61 %0.67 %0.72 %0.98 %Nonperforming assets to total assets0.78 %0.76 %0.74 %0.81 %0.89%1.22 %Nonperforming loans to total loans0.99 %1.06 %0.85 %1.07 %1.23%1.46 %Classified assets to total assets166.51 %163.68 %165.96 %147.98 %132.26 %94.75 %ACL to nonperforming loans1.30 %1.24 %1.23 %1.20 %1.18 %1.16 %ACL to total loans0.42 %0.19 %0.14 %0.21 %0.29 %0.33 %Net charge-offs to average loans25
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Quarterly Highlights Net Interest Margin4.05%4.05%4.10%4.03%4.09%4.18%4.32%4.31%4.20%4.06%4.02%4.05%3.98%3.95%4.14%4.16%4.24%4.11%3.50%3.75%4.00%4.25%4.50%Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025NIM ReportedNIM Core*3.50%3.75%4.00%4.25%4.50%4.75%5.00%5.25%5.50%5.75%Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 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 (ROATCE) 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.(Dollars in thousands)12/31/2025 12/31/2024 12/31/2023 12/31/2022 12/31/2021Noninterest expense 125,176$ 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 125,176$ 122,532$ 118,914$ 102,904$ 106,375$ Net interest income 176,738$ 169,504$ 169,999$ 127,964$ 106,566$ Plus: tax-equivalent adjustment 1,737 1,460 1,244 1,189 1,268 Plus: noninterest income 36,331 33,449 32,073 34,515 42,284 Less: net death benefit proceeds from BOLI policies (92) (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 (93) 9 (734) (1,115) 1,398 Net interest income plus noninterest income - adjusted 213,173$ 203,279$ 199,936$ 159,937$ 151,516$ Efficiency ratio 58.75% 61.84% 61.19% 64.88% 87.72%Efficiency ratio - adjusted 58.72% 60.28% 59.48% 64.34% 70.21%12 Months E nded(Dollars in thousands)12/31/2025 12/31/2024 12/31/2023 12/31/2022 12/31/2021Total stockholder's equity 600,690$ 551,758$ 499,893$ 410,155$ 401,746$ Less: goodw ill, core deposit intangibles, net of taxes (37,844) (39,189) (41,086) (25,663) (25,780) Tangible book value 562,846$ 512,569$ 458,807$ 384,492$ 375,966$ Common shares outstanding 17,286,289 17,527,709 17,387,069 15,673,595 16,303,461 Book value per share 34.75$ 31.48$ 28.75$ 26.17$ 24.64$ Tangible book value per share 32.56$ 29.24$ 26.39$ 24.53$ 23.06$ HomeTrust Bancshares, Inc. share price 42.94$ 33.68$ 26.92$ 24.17$ 30.98$ Price to tangible book value 131.9% 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)12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024Total stockholder's equity 600,690$ 595,833$ 579,274$ 565,449$ 551,758$ Less: goodw ill, core deposit intangibles, net of taxes (37,844) (38,160) (38,477) (38,793) (39,189) Tangible book value 562,846$ 557,673$ 540,797$ 526,656$ 512,569$ Common shares outstanding 17,286,289 17,520,425 17,492,143 17,552,626 17,527,709 Book value per share 34.75$ 34.01$ 33.12$ 32.21$ 31.48$ Tangible book value per share 32.56$ 31.83$ 30.92$ 30.00$ 29.24$ HomeTrust Bancshares, Inc. share price 42.94$ 40.94$ 37.41$ 34.28$ 33.68$ Price to tangible book value 131.9% 128.6% 121.0% 114.2% 115.2%As of(Dollars in thousands)9/30/2024 6/30/2024 3/31/2024 12/31/2023Total stockholder's equity 540,004$ 523,628$ 513,173$ 499,893$ Less: goodw ill, core deposit intangibles, net of taxes (39,626) (40,063) (40,500) (41,086) Tangible book value 500,378$ 483,565$ 472,673$ 458,807$ Common shares outstanding 17,514,922 17,437,326 17,444,787 17,387,069 Book value per share 30.83$ 30.03$ 29.42$ 28.75$ Tangible book value per share 28.57$ 27.73$ 27.10$ 26.39$ HomeTrust Bancshares, Inc. share price 34.08$ 30.03$ 27.34$ 26.92$ Price to tangible book value 119.3% 108.3% 100.9% 102.0%As of(Continued) 28
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(Dollars in thousands)12/31/2025 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 (92) (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 (93) 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 (1,633) 1,831 6,919 (1,212) 25,601 Less: tax effect 384 (430) (1,558) 285 (6,016) Total adjustments, net of tax (1,249) 1,401 5,361 (927) 19,585 Net income (GAAP) 64,364 54,805 50,044 36,905 22,066 Adjusted net income (non-GAAP) 63,115$ 56,206$ 55,405$ 35,978$ 41,651$ Average shares outstanding - basic 16,987,894 16,914,741 16,604,881 15,149,241 15,815,635 Average shares outstanding - diluted 17,106,783 16,977,330 16,622,371 15,319,601 16,182,068 Basic EPS (GAAP) 3.75$ 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) 3.68$ 3.29$ 3.31$ 2.36$ 2.62$ Diluted EPS (GAAP) 3.72$ 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) 3.65$ 3.28$ 3.31$ 2.33$ 2.56$ Average assets 4,415,331$ 4,439,661$ 4,285,115$ 3,551,791$ 3,618,635$ Average equity 582,181$ 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) 11.06% 10.37% 10.62% 9.27% 5.50%Non-GAAP adjustment -0.21% 0.27% 1.14% -0.23% 4.88%Adjusted ROE (non-GAAP) 10.85% 10.64% 11.76% 9.04% 10.38%Average equity 582,181$ 528,288$ 471,107$ 398,055$ 401,527$ Less: goodw ill, core deposit intangible, net of taxes (37,844) (39,189) (41,086) (25,663) (25,780) Average tangible book value 544,337$ 489,099$ 430,021$ 372,392$ 375,747$ Adjusted ROATCE 11.59% 11.49% 12.88% 9.66% 11.08% 12 Months EndedAppendix – Non-GAAP Recon Set forth is a reconciliation to GAAP of adjusted net income, EPS, ROA and ROATCE: 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)12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024Noninterest expense 31,694$ 31,266$ 31,255$ 30,961$ 34,009$ 30,869$ Less: contract renew al consulting fee - - - - (2,965) - Noninterest expense - adjusted 31,694$ 31,266$ 31,255$ 30,961$ 31,044$ 30,869$ Net interest income 44,213$ 45,389$ 44,229$ 42,907$ 43,205$ 42,358$ Plus: tax-equivalent adjustment 448 440 431 418 389 368 Plus: noninterest income 9,396 8,751 10,157 8,027 8,243 8,282 Less: gain on death benefit proceeds from BOLI policies (92) - - - - - Less: gain on sale of branches - - (1,448) - - - Less: (gain) loss on sale of premises and equipment (65) - (28) - - - Net interest income plus noninterest income - adjusted 53,900$ 54,580$ 53,341$ 51,352$ 51,837$ 51,008$ Efficiency Ratio 59.12% 57.75% 57.47% 60.79% 66.10% 60.96%Efficiency Ratio - adjusted 58.80% 57.28% 58.59% 60.29% 59.89% 60.52%3 Months endedAppendix – Non-GAAP Recon Set forth is a reconciliation to GAAP of our quarterly return on assets:(Dollars in thousands)12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024Contract renew al consulting fee -$ -$ -$ -$ 2,965$ -$ Gain on death benefit proceeds from BOLI policies (92) - - - - - Gain on sale of branches - - (1,448) - - - (Gain) loss on sale of premises and equipment (65) - (28) - - - Total adjustments (157)$ -$ (1,476)$ -$ 2,965$ -$ Less: tax effect 37 - 347 - (697) - Total adjustments, net of tax (120) - (1,129) - 2,268 - Net income (GAAP) 16,124 16,491 17,210 14,539 14,208 13,112 Adjusted net income (non-GAAP) 16,004$ 16,491$ 16,081$ 14,539$ 16,476$ 13,112$ Average assets 4,435,963$ 4,431,153$ 4,366,891$ 4,427,045$ 4,461,612$ 4,449,215$ Average equity 601,668$ 589,632$ 576,574$ 560,312$ 547,711$ 534,726$ ROA (GAAP) 1.44% 1.48% 1.58% 1.33% 1.27% 1.17%Non-GAAP adjustment -0.01% 0.00% -0.10% 0.00% 0.20% 0.00%Adjusted ROA (non-GAAP) 1.43% 1.48% 1.48% 1.33% 1.47% 1.17%ROE (GAAP) 10.63% 11.10% 11.97% 10.52% 10.32% 9.76%Non-GAAP adjustment -0.08% 0.00% -0.78% 0.00% 1.66% 0.00%Adjusted ROE (non-GAAP) 10.55% 11.10% 11.19% 10.52% 11.98% 9.76%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