ASHEVILLE, N.C., April 23, 2026 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (NYSE:HTB) ("Company"), the holding company of HomeTrust Bank ("Bank"), today announced preliminary net income for the first quarter of the year ending December 31, 2026 and an increase in its quarterly cash dividend.

For the quarter ended March 31, 2026 compared to the quarter ended December 31, 2025:

net income was $16.8 million compared to $16.1 million;
diluted earnings per share ("EPS") were $0.99 compared to $0.93;
annualized return on assets ("ROA") was 1.55% compared to 1.44%;
annualized return on equity ("ROE") was 11.35% compared to 10.63%;
net interest margin was 4.31% compared to 4.20%;
provision for credit losses was $370,000 compared to $2.1 million;
quarterly cash dividends continued at $0.13 per share totaling $2.2 million for both periods; and
533,240 shares of Company common stock were repurchased during the current quarter at an average price of $42.85 compared to 241,201 shares repurchased at an average price of $42.19 in the prior quarter.

The Company also announced today that its Board of Directors declared a quarterly cash dividend of $0.15 per common share, reflecting a $0.02, or 15.4%, increase over the previous quarter's dividend. This is the eighth increase of the quarterly dividend since the Company initiated cash dividends in November 2018. The dividend is payable on May 28, 2026 to shareholders of record as of the close of business on May 14, 2026.

"During the first quarter, we accelerated our pace of stock buybacks as part of our ongoing and prudent capital allocation strategy," said Hunter Westbrook, President and Chief Executive Officer. "We also announced today an increase in our quarterly dividend, further demonstrating our confidence in the Company's strength and future financial performance. Looking ahead, we remain poised to accelerate loan growth in the second half of 2026.

"Our strong 2025 financial results carried into the first quarter of 2026, highlighted by our top quartile net interest margin which expanded to 4.31%, as deposit mix changes and reductions in funding costs outpaced a slight decline in asset yields.

"Lastly, earlier this month we announced our partnership with the Asheville Tourists Baseball Team, the High-A affiliate of the Houston Astros, where their newly renovated ballpark has been renamed HomeTrust Park. This initiative reflects our continued commitment to supporting the people and communities we are proud to serve."

WEBSITE: WWW.HTB.COM

Comparison of Results of Operations for the Three Months Ended March 31, 2026 and December 31, 2025

Net Income. Net income totaled $16.8 million, or $0.99 per diluted share, for the three months ended March 31, 2026 compared to $16.1 million, or $0.93 per diluted share, for the three months ended December 31, 2025, an increase of $648,000, or 4.0%. The results for the three months ended March 31, 2026 compared to the three months ended December 31, 2025 benefited from a $1.7 million decrease in the provision for credit losses and a $635,000 increase in noninterest income, partially offset by a $1.3 million increase in the noninterest expense. Details of the changes in the various components of net income are further discussed below.

Net Interest Income. The following table presents the distribution of average assets, liabilities and equity, as well as interest income earned on average interest-earning assets and interest expense paid on average interest-bearing liabilities. All average balances are daily average balances. Nonaccruing loans have been included in the table as loans carrying a zero yield.

	Three Months Ended
	March 31, 2026							December 31, 2025
(Dollars in thousands)	Average Balance Outstanding			Interest Earned / Paid		Yield / Rate		Average Balance Outstanding			Interest Earned / Paid		Yield / Rate
Assets
Interest-earning assets
Loans receivable⁽¹⁾	$	3,793,994		$	57,725	6.17	%	$	3,809,902		$	59,597	6.21	%
Debt securities available for sale		144,520			1,604	4.50			147,247			1,599	4.31
Other interest-earning assets⁽²⁾		227,051			2,168	3.87			223,267			2,271	4.04
Total interest-earning assets		4,165,565			61,497	5.99			4,180,416			63,467	6.02
Other assets		218,936							255,547
Total assets	$	4,384,501						$	4,435,963
Liabilities and equity
Interest-bearing liabilities
Interest-bearing checking accounts	$	561,216		$	1,101	0.80	%	$	540,889		$	1,013	0.74	%
Money market accounts		1,369,569			8,616	2.55			1,361,620			9,192	2.68
Savings accounts		170,227			28	0.07			171,803			30	0.07
Certificate accounts		830,675			7,105	3.47			926,678			8,674	3.71
Total interest-bearing deposits		2,931,687			16,850	2.33			3,000,990			18,909	2.50
Junior subordinated debt		10,231			188	7.45			10,204			199	7.74
Borrowings		16,667			154	3.75			10,152			146	5.71
Total interest-bearing liabilities		2,958,585			17,192	2.36			3,021,346			19,254	2.53
Noninterest-bearing deposits		759,493							751,864
Other liabilities		67,106							61,085
Total liabilities		3,785,184							3,834,295
Stockholders' equity		599,317							601,668
Total liabilities and stockholders' equity	$	4,384,501						$	4,435,963
Net earning assets	$	1,206,980						$	1,159,070
Average interest-earning assets to average interest-bearing liabilities		140.80	%						138.36	%
Non-tax-equivalent
Net interest income				$	44,305						$	44,213
Interest rate spread						3.63	%						3.49	%
Net interest margin⁽³⁾						4.31	%						4.20	%
Tax-equivalent⁽⁴⁾
Net interest income				$	44,740						$	44,661
Interest rate spread						3.67	%						3.54	%
Net interest margin⁽³⁾						4.36	%						4.24	%
_{(1) Average loans receivable balances include loans held for sale and nonaccruing loans.} _{(2) Average other interest-earning assets consist of FRB stock, FHLB stock, SBIC investments and deposits in other banks.} _{(3) Net interest income divided by average interest-earning assets.} _{(4) Tax-equivalent results include adjustments to interest income of $435 and $448 for the three months ended March 31, 2026 and December 31, 2025, respectively, calculated based on combined federal and state tax rates of 23% and 24% for the same periods, respectively.}

Total interest and dividend income for the three months ended March 31, 2026 decreased $2.0 million, or 3.1%, when compared to the three months ended December 31, 2025. A decline of $1.9 million, or 3.1%, in loan interest income drove this change, primarily due to fewer days in the current quarter and the impact of decreases in the federal funds rate upon loan yields, partially offset by an increase of $348,000 in accretion income.

Total interest expense for the three months ended March 31, 2026 decreased $2.1 million, or 10.7%, when compared to the three months ended December 31, 2025. A decline of $2.1 million, or 10.9%, in deposit interest expense drove this change, the result of a decline in the average balance of certificate accounts, specifically brokered deposits, a decline in the average cost of funds across funding categories, and fewer days in the current quarter.

The following table shows the effects that changes in average balances (volume), including differences in the number of days in the periods compared, and average interest rates (rate) had on the interest earned on interest-earning assets and interest paid on interest-bearing liabilities:

	Increase / (Decrease) Due to						Total Increase/ (Decrease)
(Dollars in thousands)	Volume			Rate			Total Increase/ (Decrease)
Interest-earning assets
Loans receivable	$	(1,532	)	$	(340	)	$	(1,872	)
Debt securities available for sale		(65	)		70			5
Other interest-earning assets		(10	)		(93	)		(103	)
Total interest-earning assets		(1,607	)		(363	)		(1,970	)
Interest-bearing liabilities
Interest-bearing checking accounts		14			74			88
Money market accounts		(138	)		(438	)		(576	)
Savings accounts		(1	)		(1	)		(2	)
Certificate accounts		(1,057	)		(512	)		(1,569	)
Junior subordinated debt		(3	)		(8	)		(11	)
Borrowings		91			(83	)		8
Total interest-bearing liabilities		(1,094	)		(968	)		(2,062	)
Increase in net interest income							$	92

Provision for Credit Losses. The provision for credit losses is the amount of expense that, based on our judgment, is required to maintain the allowance for credit losses ("ACL") at an appropriate level under the current expected credit losses model.

The following table presents a breakdown of the components of the provision for credit losses:

	Three Months Ended
(Dollars in thousands)	March 31, 2026			December 31, 2025		$ Change			% Change
Provision for credit losses
Loans	$	945		$	1,525	$	(580	)	(38	)%
Off-balance sheet credit exposure		(575	)		555		(1,130	)	(204	)
Total provision for credit losses	$	370		$	2,080	$	(1,710	)	(82	)%

For the quarter ended March 31, 2026, the "loans" portion of the provision for credit losses was primarily the result of the following, offset by net charge-offs of $1.8 million during the quarter:

$0.5 million benefit driven by changes in the loan mix.
$0.2 million provision due to changes in the projected economic forecast, specifically the national unemployment rate, and changes in qualitative adjustments.
$0.6 million decrease in specific reserves on individually evaluated loans.

For the quarter ended December 31, 2025, the "loans" portion of the provision for credit losses was primarily the result of the following, offset by net charge-offs of $3.1 million during the quarter:

$0.9 million benefit driven by changes in the loan mix.
$0.1 million benefit due to changes in the projected economic forecast, specifically the national unemployment rate, and changes in qualitative adjustments.
$0.6 million decrease in specific reserves on individually evaluated loans.

For the quarters ended March 31, 2026 and December 31, 2025, the amounts recorded for off-balance sheet credit exposure were the result of changes in the balance of loan commitments, loan mix, projected economic forecast and qualitative allocations as outlined above.

Noninterest Income. Noninterest income for the three months ended March 31, 2026 increased $635,000, or 6.8%, when compared to the quarter ended December 31, 2025. Changes in the components of noninterest income are discussed below:

	Three Months Ended
(Dollars in thousands)	March 31, 2026		December 31, 2025		$ Change			% Change
Noninterest income
Service charges and fees on deposit accounts	$	2,414	$	2,534	$	(120	)	(5	)%
Loan income and fees		692		926		(234	)	(25	)
Gain on sale of loans held for sale		2,654		1,926		728		38
Bank owned life insurance ("BOLI") income		892		976		(84	)	(9	)
Operating lease income		1,892		2,032		(140	)	(7	)
Gain on sale of premises and equipment		377		65		312		480
Other		1,110		937		173		18
Total noninterest income	$	10,031	$	9,396	$	635		7	%

Loan income and fees: The decrease was primarily the result of $144,000 less in interest rate swap fees in addition to smaller decreases across several other loan fee categories.
Gain on sale of loans held for sale: The increase was primarily driven by an increase in the sales volume of HELOC loans originated for sale, partially offset by reduced sales volume of residential mortgage loans and SBA commercial loans. There were $103.0 million of HELOCs originated for sale which were sold during the current quarter with gains of $934,000 compared to $13.7 million sold with gains of $121,000 in the prior quarter. There were $23.3 million of residential mortgage loans sold for gains of $431,000 during the current quarter compared to $31.1 million sold with gains of $606,000 in the prior quarter. There were $16.4 million in sales of the guaranteed portion of SBA commercial loans with gains of $1.2 million for the current quarter compared to $18.9 million sold and gains of $1.5 million for the prior quarter. Our hedging of mandatory commitments on the residential mortgage loan pipeline resulted in a net gain of $68,000 for the current quarter compared to a net loss of $295,000 for the prior quarter.
Gain on sale of premises and equipment: In both periods presented, gains were recognized on the sale of excess parcels of land.

Noninterest Expense. Noninterest expense for the three months ended March 31, 2026 increased $1.3 million, or 4.0%, when compared to the three months ended December 31, 2025. Changes in the components of noninterest expense are discussed below:

	Three Months Ended
(Dollars in thousands)	March 31, 2026		December 31, 2025		$ Change			% Change
Noninterest expense
Salaries and employee benefits	$	19,877	$	18,541	$	1,336		7	%
Occupancy expense, net		2,630		2,572		58		2
Computer services		2,877		2,798		79		3
Operating lease depreciation expense		1,516		1,582		(66	)	(4	)
Telecom, postage and supplies		581		542		39		7
Marketing and advertising		417		514		(97	)	(19	)
Deposit insurance premiums		484		483		1		—
Core deposit intangible amortization		374		411		(37	)	(9	)
Other		4,219		4,251		(32	)	(1	)
Total noninterest expense	$	32,975	$	31,694	$	1,281		4	%

Salaries and employee benefits: The increase was primarily the result of a $449,000 increase in incentive compensation and $409,000 in additional FICA taxes.

Income Taxes. The amount of income tax expense is influenced by the amount of pre-tax income, tax-exempt income, changes in the statutory rate and the effect of changes in valuation allowances maintained against deferred tax benefits. The effective tax rates for the three months ended March 31, 2026 and December 31, 2025 were 20.1% and 18.7%, respectively, with the quarter-over-quarter increase driven by the prior quarter impact of the Company's investment in a tax credit equity fund.

Balance Sheet Review

Total assets decreased by $159.3 million to $4.4 billion and total liabilities decreased by $151.0 million to $3.8 billion at March 31, 2026 as compared to December 31, 2025. These changes can be traced to the use of proceeds from both loan sales and loan paydowns to offset a $70.5 million decline in deposits. The decrease in deposits was the result of a $116.1 million reduction in brokered deposits, partially offset by an increase of $45.7 million in all other deposit categories.

Stockholders' equity decreased $8.3 million, or 1.4%, to $592.4 million at March 31, 2026 as compared to December 31, 2025. Activity within stockholders' equity included $16.8 million in net income and $1.4 million in share-based compensation and stock option exercises, more than offset by $2.2 million in cash dividends declared and $23.1 million in stock repurchases. In addition, accumulated other comprehensive income declined by $622,000 due to an increase in the unrealized loss on available for sale securities due to higher market interest rates.

As of March 31, 2026, the Bank was considered "well capitalized" in accordance with its regulatory capital guidelines and exceeded all regulatory capital requirements.

Asset Quality

The ACL on loans was $40.6 million, or 1.14% of total loans, at March 31, 2026 compared to $41.5 million, or 1.16% of total loans, at December 31, 2025. The drivers of this change are discussed in the "Comparison of Results of Operations for the Quarters Ended March 31, 2026 and December 31, 2025 – Provision for Credit Losses" section above.

Net loan charge-offs totaled $1.8 million for the quarter ended March 31, 2026 compared to $3.1 million and $1.3 million for the three months ended December 31, 2025 and March 31, 2025, respectively. For all three periods, net charge-offs were concentrated within our equipment finance portfolio, primarily related to over-the-road truck loans, where we recognized net charge-offs of $1.5 million, $2.0 million and $1.0 million for the same periods, respectively. Annualized net charge-offs as a percentage of average loans were 0.19% for the three months ended March 31, 2026 as compared to 0.33% and 0.14% for the three months ended December 31, 2025 and March 31, 2025, respectively.

The following table sets forth the composition of nonperforming assets, made up of nonaccrual loans and repossessed assets, across our asset categories.

(Dollars in thousands)	March 31, 2026			December 31, 2025			March 31, 2025
Nonaccruing loans
Commercial real estate
Construction and land development	$	854		$	381		$	—
Commercial real estate – owner occupied		11,256			10,467			8,583
Commercial real estate – non-owner occupied		6,704			6,566			3,552
Multifamily		—			—			38
Total commercial real estate		18,814			17,414			12,173
Commercial
Commercial and industrial		10,578			9,786			2,965
Equipment finance		6,096			6,690			5,065
Total commercial		16,674			16,476			8,030
Residential real estate
Construction and land development		—			—			132
One-to-four family		3,632			2,961			2,203
HELOCs		7,140			6,523			4,033
Total residential real estate		10,772			9,484			6,368
Consumer		479			402			388
Total nonaccruing loans	$	46,739		$	43,776		$	26,959
Total repossessed assets		316			657			1,058
Total nonperforming assets	$	47,055		$	44,433		$	28,017
Total nonperforming assets as a percentage of total assets		1.07	%		0.98	%		0.61	%

Total SBA loans included in nonaccrual loans	$	22,720		$	20,647		$	6,459
Portion of SBA loans fully guaranteed by the SBA		16,348			14,885			2,374

Total nonaccruing loans, excluding the balance fully guaranteed by the SBA		30,391			28,891			24,585
Total repossessed assets		316			657			1,058
Total nonperforming assets, excluding the balance fully guaranteed by the SBA	$	30,707		$	29,548		$	25,643
Total nonperforming assets, excluding the balance fully guaranteed by the SBA, as a percentage of total assets		0.70	%		0.65	%		0.56	%

SBA loans made up 48.5%, 46.5% and 23.1% of total nonperforming assets at March 31, 2026, December 31, 2025 and March 31, 2025, respectively. The year-over-year increase was primarily the result of a management decision to accelerate the repurchase of the sold portion of nonperforming SBA loans (fully guaranteed portion) to simplify the workout process.

Classified assets increased by $6.0 million, or 9.1%, to $72.2 million, or 1.65% of total assets, as of March 31, 2026 when compared to the balance of $66.2 million, or 1.46% of total assets, as of December 31, 2025. Similarly, classified assets increased by $31.5 million, or 77.4%, to $72.2 million, or 1.65% of total assets, as of March 31, 2026 when compared to the balance of $40.7 million, or 0.89% of total assets, as of March 31, 2025. SBA loans made up the largest portion of classified assets at $25.7 million and $27.3 million, respectively, as of March 31, 2026 and December 31, 2025, of which $18.1 million and $19.8 million, respectively, was fully guaranteed. The remaining population of classified assets as of March 31, 2026 included $10.0 million of HELOCs, $9.3 million of 1-4 family residential real estate loans, $7.7 million of equipment finance loans (concentrated in the transportation sector) and $7.4 million of non-owner occupied CRE loans.

About HomeTrust Bancshares, Inc.

HomeTrust Bancshares, Inc. (NYSE:HTB), headquartered in Asheville, North Carolina, is the holding company for HomeTrust Bank, a state-chartered community bank operating over 30 locations across North Carolina, South Carolina, East Tennessee, Southwest Virginia, and Georgia. With total assets of $4.4 billion as of March 31, 2026, the Company's goal is to remain a high-performing, regional community bank, guided by our strategy to be a best place to work. Reflecting this focus, the Company has been named one of Bank Director's "Best U.S. Banks," one of Forbes' "America's Best Banks," one of S&P Global's "Top 50 Community Banks," and named to the 2025 KBW Honor Roll. In addition, the Company has been recognized as one of American Banker's "Best Banks to Work For," received a "Most Loved Workplace" certification by Best Practices Institute, named as one of Best Companies Group's "America's Best Workplaces," as well as being named a "Best Place to Work" in all five states in which it operates.

Forward-Looking Statements

This press release 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, plans, objectives, goals, expectations, assumptions and statements about future economic performance and projections of financial items. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated or implied by forward-looking statements. The factors that could result in material differentiation include, but are not limited to expected revenues, cost savings, synergies and other benefits from merger and acquisition activities might not be realized to the extent anticipated, within the anticipated time frames, or at all, costs or difficulties relating to integration matters, including but not limited to customer and employee retention, might be greater than expected, and goodwill impairment charges might be incurred; increased competitive pressures among financial services companies; changes in the interest rate environment; changes in general economic conditions, both nationally and in our market areas; the impact of geopolitical instability and trade policies on our operations including the imposition of tariffs and retaliatory tariffs; 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 and other documents filed with or furnished to the Securities and Exchange Commission - which are available on the Company's website at www.htb.com and on the SEC's website at www.sec.gov. Any of the forward-looking statements that the Company makes in this press release or in the documents the Company files with or furnishes to the SEC are based upon management's beliefs and assumptions at the time they are made and may turn out to be wrong because of inaccurate assumptions, the factors described above or other factors that management cannot foresee. The Company does not undertake, and specifically disclaims any obligation, to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

Consolidated Balance Sheets (Unaudited)
(Dollars in thousands)	March 31, 2026			December 31, 2025⁽¹⁾			September 30, 2025			June 30, 2025			March 31, 2025
Assets
Cash	$	14,505		$	14,411		$	15,435		$	16,662		$	14,303
Interest-bearing deposits		286,188			310,281			300,395			280,547			285,522
Cash and cash equivalents		300,693			324,692			315,830			297,209			299,825
Certificates of deposit in other banks		13,619			18,841			20,833			23,319			25,806
Debt securities available for sale, at fair value		149,729			142,540			145,682			143,942			150,577
FHLB and FRB stock		13,614			13,636			14,325			15,263			13,602
SBIC investments		19,461			18,818			18,346			17,720			17,746
Loans held for sale, at fair value		6,562			7,005			7,907			1,106			2,175
Loans held for sale, at the lower of cost or fair value		101,930			198,688			189,047			169,835			151,164
Total loans, net of deferred loan fees and costs		3,546,580			3,578,154			3,643,619			3,671,951			3,648,609
Allowance for credit losses – loans		(40,607	)		(41,479	)		(43,086	)		(44,139	)		(44,742	)
Loans, net		3,505,973			3,536,675			3,600,533			3,627,812			3,603,867
Premises and equipment, net		62,210			62,400			62,437			62,706			62,347
Accrued interest receivable		14,636			15,973			17,077			16,554			18,269
Deferred income taxes, net		8,514			9,922			9,789			9,968			9,288
BOLI		94,555			93,930			93,474			92,576			91,715
Goodwill		34,111			34,111			34,111			34,111			34,111
Core deposit intangibles, net		4,474			4,848			5,259			5,670			6,080
Other assets		56,260			63,556			57,487			60,262			71,488
Total assets	$	4,386,341		$	4,545,635		$	4,592,137		$	4,578,053		$	4,558,060
Liabilities and stockholders' equity
Liabilities
Deposits	$	3,639,542		$	3,709,997		$	3,698,227		$	3,666,178		$	3,736,360
Junior subordinated debt		10,245			10,220			10,195			10,170			10,145
Borrowings		90,000			165,000			230,000			265,000			177,000
Other liabilities		54,147			59,728			57,882			57,431			69,106
Total liabilities		3,793,934			3,944,945			3,996,304			3,998,779			3,992,611
Stockholders' equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued or outstanding		—			—			—			—			—
Common stock, $0.01 par value, 60,000,000 shares authorized⁽²⁾		168			173			175			175			176
Additional paid in capital		144,465			166,856			176,289			174,900			176,682
Retained earnings		451,127			436,524			422,615			408,178			393,026
Unearned Employee Stock Ownership Plan ("ESOP") shares		(3,306	)		(3,438	)		(3,571	)		(3,703	)		(3,835	)
Accumulated other comprehensive income (loss)		(47	)		575			325			(276	)		(600	)
Total stockholders' equity		592,407			600,690			595,833			579,274			565,449
Total liabilities and stockholders' equity	$	4,386,341		$	4,545,635		$	4,592,137		$	4,578,053		$	4,558,060
_{(1) Derived from audited financial statements.} _{(2) Shares of common stock issued and outstanding were 16,803,185 at March 31, 2026; 17,286,289 at December 31, 2025; 17,520,425 at September 30, 2025; 17,492,143 at June 30, 2025; and 17,552,626 at March 31, 2025.}

Consolidated Statements of Income (Unaudited)
	Three Months Ended
(Dollars in thousands)	March 31, 2026		December 31, 2025
Interest and dividend income
Loans	$	57,725	$	59,597
Debt securities available for sale		1,604		1,599
Other investments and interest-bearing deposits		2,168		2,271
Total interest and dividend income		61,497		63,467
Interest expense
Deposits		16,850		18,909
Junior subordinated debt		188		199
Borrowings		154		146
Total interest expense		17,192		19,254
Net interest income		44,305		44,213
Provision for credit losses		370		2,080
Net interest income after provision for credit losses		43,935		42,133
Noninterest income
Service charges and fees on deposit accounts		2,414		2,534
Loan income and fees		692		926
Gain on sale of loans held for sale		2,654		1,926
BOLI income		892		976
Operating lease income		1,892		2,032
Gain on sale of premises and equipment		377		65
Other		1,110		937
Total noninterest income		10,031		9,396
Noninterest expense
Salaries and employee benefits		19,877		18,541
Occupancy expense, net		2,630		2,572
Computer services		2,877		2,798
Operating lease depreciation expense		1,516		1,582
Telecom, postage and supplies		581		542
Marketing and advertising		417		514
Deposit insurance premiums		484		483
Core deposit intangible amortization		374		411
Other		4,219		4,251
Total noninterest expense		32,975		31,694
Income before income taxes		20,991		19,835
Income tax expense		4,219		3,711
Net income	$	16,772	$	16,124

Per Share Data
	Three Months Ended
	March 31, 2026		December 31, 2025
Net income per common share⁽¹⁾
Basic	$	1.00	$	0.94
Diluted	$	0.99	$	0.93
Average shares outstanding
Basic		16,582,376		16,936,740
Diluted		16,716,089		17,070,906
Book value per share at end of period	$	35.26	$	34.75
Tangible book value per share at end of period⁽²⁾	$	33.02	$	32.56
Cash dividends declared per common share	$	0.13	$	0.13
Total shares outstanding at end of period		16,803,185		17,286,289
_{(1) Basic and diluted net income per common share have been prepared in accordance with the two-class method.} _{(2) See Non-GAAP reconciliations below for adjustments.}

Selected Financial Ratios and Other Data
	Three Months Ended
	March 31, 2026		December 31, 2025
Performance ratios⁽¹⁾
Return on assets (ratio of net income to average total assets)	1.55	%	1.44	%
Return on equity (ratio of net income to average equity)	11.35		10.63
Yield on earning assets	5.99		6.02
Rate paid on interest-bearing liabilities	2.36		2.53
Average interest rate spread	3.63		3.49
Net interest margin⁽²⁾	4.31		4.20
Average interest-earning assets to average interest-bearing liabilities	140.80		138.36
Noninterest expense to average total assets	3.05		2.83
Efficiency ratio	60.69		59.12
Efficiency ratio – adjusted⁽³⁾	60.62		58.80
_{(1) Ratios are annualized where appropriate.} _{(2) Net interest income divided by average interest-earning assets.} _{(3) See Non-GAAP reconciliations below for adjustments.}

	At or For the Three Months Ended
	March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025		March 31, 2025
Asset quality ratios
Nonperforming assets to total assets⁽¹⁾	1.07	%	0.98	%	0.72	%	0.67	%	0.61	%
Nonperforming loans to total loans⁽¹⁾	1.32		1.22		0.89		0.81		0.74
Total classified assets to total assets	1.65		1.46		1.23		1.07		0.89
Allowance for credit losses to nonperforming loans⁽¹⁾	86.88		94.75		132.26		147.98		165.96
Allowance for credit losses to total loans	1.14		1.16		1.18		1.20		1.23
Net charge-offs to average loans (annualized)	0.19		0.33		0.29		0.21		0.14
Capital ratios
Equity to total assets at end of period	13.51	%	13.21	%	12.98	%	12.65	%	12.41	%
Tangible equity to total tangible assets⁽²⁾	12.76		12.49		12.25		11.91		11.65
Average equity to average assets	13.67		13.56		13.31		13.20		12.66
_{(1) Nonperforming assets include nonaccruing loans and repossessed assets. There were no accruing loans more than 90 days past due at the dates indicated. For the periods presented, as shown in the "Asset Quality" section above, a portion of the nonaccrual loan balances was fully guaranteed by the SBA.} _{(2) See Non-GAAP reconciliations below for adjustments.}

Loans
(Dollars in thousands)	March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025			March 31, 2025
Commercial real estate
Construction and land development	$	317,497		$	277,028		$	268,953		$	267,494		$	247,539
Commercial real estate – owner occupied		527,375			562,049			540,807			561,623			570,150
Commercial real estate – non-owner occupied		823,672			832,502			861,244			877,440			867,711
Multifamily		109,564			110,912			115,403			113,416			118,094
Total commercial real estate		1,778,108			1,782,491			1,786,407			1,819,973			1,803,494
Commercial loans
Commercial and industrial		392,114			378,686			399,155			367,359			349,085
Equipment finance		286,455			311,356			340,322			360,499			380,166
Municipal leases		167,371			166,396			164,967			168,623			163,554
Total commercial		845,940			856,438			904,444			896,481			892,805
Residential real estate
Construction and land development		48,715			45,617			51,110			53,020			56,858
One-to-four family		619,735			633,511			636,857			640,287			631,537
HELOCs		218,283			217,310			216,122			205,918			199,747
Total residential real estate		886,733			896,438			904,089			899,225			888,142
Consumer		35,799			42,787			48,679			56,272			64,168
Total loans, net of deferred loan fees and costs		3,546,580			3,578,154			3,643,619			3,671,951			3,648,609
Allowance for credit losses – loans		(40,607	)		(41,479	)		(43,086	)		(44,139	)		(44,742	)
Loans, net	$	3,505,973		$	3,536,675		$	3,600,533		$	3,627,812		$	3,603,867

Deposits
(Dollars in thousands)	March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025		March 31, 2025
Core deposits
Noninterest-bearing accounts	$	730,666	$	707,748	$	689,352	$	698,843	$	721,814
NOW accounts		575,525		546,387		537,954		561,524		573,745
Money market accounts		1,393,120		1,374,635		1,343,008		1,323,762		1,357,961
Savings accounts		171,754		171,455		172,883		179,980		184,396
Total core deposits		2,871,065		2,800,225		2,743,197		2,764,109		2,837,916
Certificates of deposit		768,477		909,772		955,030		902,069		898,444
Total	$	3,639,542	$	3,709,997	$	3,698,227	$	3,666,178	$	3,736,360

Non-GAAP Reconciliations

In addition to results presented in accordance with generally accepted accounting principles utilized in the United States ("GAAP"), this earnings release contains certain non-GAAP financial measures, which include: the efficiency ratio, tangible book value, tangible book value per share and the tangible equity to tangible assets ratio. The Company believes these non-GAAP financial measures and ratios as presented are useful for both investors and management to understand the effects of certain items and provide an alternative view of its performance over time and in comparison to its competitors. These non-GAAP measures have inherent limitations, are not required to be uniformly applied and are not audited. They should not be considered in isolation or as a substitute for total stockholders' equity or operating results determined in accordance with GAAP. These non-GAAP measures may not be comparable to similarly titled measures reported by other companies.

Set forth below is a reconciliation to GAAP of the Company's efficiency ratio:

	Three Months Ended
(Dollars in thousands)	March 31, 2026		December 31, 2025
Noninterest expense	$	32,975	$	31,694

Net interest income	$	44,305	$	44,213
Plus: tax-equivalent adjustment		435		448
Plus: noninterest income		10,031		9,396
Less: BOLI death benefit proceeds in excess of cash surrender value		—		92
Less: gain on sale of premises and equipment		377		65
Net interest income plus noninterest income – adjusted	$	54,394	$	53,900

Efficiency ratio		60.69	%		59.12	%
Efficiency ratio – adjusted		60.62	%		58.80	%

Set forth below is a reconciliation to GAAP of tangible book value and tangible book value per share:

	As of
(Dollars in thousands, except per share data)	March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025		March 31, 2025
Total stockholders' equity	$	592,407	$	600,690	$	595,833	$	579,274	$	565,449
Less: goodwill, core deposit intangibles, net of taxes		37,556		37,844		38,160		38,477		38,793
Tangible book value	$	554,851	$	562,846	$	557,673	$	540,797	$	526,656
Common shares outstanding		16,803,185		17,286,289		17,520,425		17,492,143		17,552,626
Book value per share	$	35.26	$	34.75	$	34.01	$	33.12	$	32.21
Tangible book value per share	$	33.02	$	32.56	$	31.83	$	30.92	$	30.00

Set forth below is a reconciliation to GAAP of tangible equity to tangible assets:

	As of
(Dollars in thousands)	March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025		March 31, 2025
Tangible equity⁽¹⁾	$	554,851	$	562,846	$	557,673	$	540,797	$	526,656
Total assets		4,386,341		4,545,635		4,592,137		4,578,053		4,558,060
Less: goodwill, core deposit intangibles, net of taxes		37,556		37,844		38,160		38,477		38,793
Total tangible assets	$	4,348,785	$	4,507,791	$	4,553,977	$	4,539,576	$	4,519,267

Tangible equity to tangible assets		12.76	%		12.49	%		12.25	%		11.91	%		11.65	%
_{(1) Tangible equity (or tangible book value) is equal to total stockholders' equity less goodwill and core deposit intangibles, net of related deferred tax liabilities.}

Contact:
C. Hunter Westbrook – President and Chief Executive Officer
Tony J. VunCannon – Executive Vice President, Chief Financial Officer, Corporate Secretary and Treasurer
828-259-3939

HomeTrust Bancshares, Inc. Announces Financial Results for the First Quarter of the Year Ending December 31, 2026 and an Increase in the Quarterly Dividend