HomeTrust Bancshares, Inc. Announces Financial Results for the Fourth Quarter of the Year Ended December 31, 2025 and Declaration of a Quarterly Dividend

Rhea-AI Summary

HomeTrust Bancshares (NYSE: HTB) reported preliminary Q4 2025 net income of $16.1M ($0.93 diluted EPS) and declared a quarterly cash dividend of $0.13 per share payable Feb 26, 2026 to holders of record Feb 18, 2026. For full-year 2025, net income was $64.4M vs $54.8M in 2024 and diluted EPS was $3.72 vs $3.20, reflecting annual growth driven by loan sales, a gain on the sale of two Knoxville branches of $1.4M, and share repurchases.

The board approved repurchases (334,413 shares in 2025 at an average $40.30) and highlighted an 11% increase in tangible book value per share for 2025.

Positive

• Net income +17.5% YoY to $64.4M in 2025
• Tangible book value per share +11% in 2025
• Company repurchased 334,413 shares in 2025 at an average price of $40.30
• Declared quarterly dividend of $0.13 payable Feb 26, 2026

Negative

• BOLI death benefit proceeds fell to $92,000 in Q4 2025 from $1.1M in 2024

News Market Reaction

-2.38%

1 alert

-2.38% News Effect

On the day this news was published, HTB declined 2.38%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q4 net income: $16.1M Q4 diluted EPS: $0.93 Q4 net interest margin: 4.20% +5 more

8 metrics

Q4 net income $16.1M Quarter ended December 31, 2025; prior quarter $16.5M

Q4 diluted EPS $0.93 Vs $0.95 in quarter ended September 30, 2025

Q4 net interest margin 4.20% Vs 4.31% in prior quarter

Quarterly dividend $0.13 per share Increased from $0.12; total Q4 dividends $2.2M

Q4 share repurchases 241,201 shares at $42.19 Company common stock repurchased during current quarter

FY 2025 net income $64.4M Year ended December 31, 2025; prior year $54.8M

FY 2025 diluted EPS $3.72 Vs $3.20 for year ended December 31, 2024

FY 2025 provision for credit losses $6.9M Vs $7.5M in 2024

Market Reality Check

Price: $44.55 Vol: Volume 84,296 is 39% abov...

normal vol

$44.55 Last Close

Volume Volume 84,296 is 39% above the 20-day average of 60,540, showing elevated interest into the release. normal

Technical HTB at $45.29 is trading above its 200-day MA of $39.24 and sits 4.94% below its 52-week high.

Peers on Argus

HTB gained 4.69% alongside regional bank peers, with names like TRST (+5.64%), N...

HTB gained 4.69% alongside regional bank peers, with names like TRST (+5.64%), NBBK (+4.33%), HAFC (+4.16%), MCBS (+4.13%) and CCBG (+3.7%) also up, indicating a supportive sector backdrop.

Historical Context

5 past events · Latest: Jan 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 20	Workplace awards	Positive	-2.3%	Multiple 2026 workplace accolades across four states.
Dec 16	Buyback authorization	Positive	+0.4%	Completion of prior 5% repurchase and new 5% program.
Nov 17	Workplace awards	Positive	-3.1%	National culture awards including Top 100 Most Loved Workplace.
Oct 22	Earnings & dividend	Positive	+1.6%	Q3 2025 results with higher dividend and solid margins.
Sep 2	Workplace awards	Positive	-0.8%	Best Place to Work designations including women-focused award.

Pattern Detected

Operational results and capital-return updates (buybacks, dividends) have generally seen modestly positive alignment, while workplace recognition headlines have often coincided with short-term price weakness.

Recent Company History

Over the past six months, HTB combined consistent operating execution with culture-focused recognition and capital return. Workplace awards on Sep 2, Nov 17, and Jan 20 highlighted its employer brand but were followed by mild to sharp pullbacks. In contrast, the Q3 dividends/earnings release on Oct 22 and the Dec 16 buyback authorization coincided with positive moves. Today’s Q4 and full-year 2025 results, plus dividend declaration, extend that earnings/dividend cadence and build on earlier 2025 quarters where margin and EPS improved versus 2024.

Market Pulse Summary

This announcement delivered detailed Q4 and full-year 2025 results, highlighting net income of $16.1...

Analysis

This announcement delivered detailed Q4 and full-year 2025 results, highlighting net income of $16.1M for the quarter and $64.4M for the year, EPS rising to $3.72, and a higher quarterly dividend of $0.13 per share. Net interest margin of 4.25% for 2025 and reduced credit loss provisions support the profitability story. Investors may focus on margin direction, credit costs, loan growth plans for 2026, and ongoing share repurchases to assess how performance might evolve from here.

Key Terms

diluted earnings per share, return on assets, return on equity, net interest margin, +4 more

8 terms

diluted earnings per share financial

"diluted earnings per share ("EPS") were $0.93 compared to $0.95"

Diluted earnings per share is a measure of a company's profit allocated to each share of stock, taking into account all possible shares that could be created through stock options, convertible bonds, or other securities. It shows the lowest possible earnings per share if all these potential shares were issued, helping investors understand the worst-case scenario for their ownership. This figure matters because it provides a more conservative view of a company's profitability per share.

return on assets financial

"annualized return on assets ("ROA") was 1.44% compared to 1.48%"

Return on assets (ROA) is a percentage that shows how much profit a company earns for each dollar of its assets, calculated by dividing its profit by its total assets. Investors use ROA to judge how efficiently a business turns its resources into earnings — like measuring how many miles a car gets per gallon — and to compare efficiency across companies, keeping in mind that capital‑intensive industries naturally show different typical ROA levels.

return on equity financial

"annualized return on equity ("ROE") was 10.63% compared to 11.10%"

Return on equity shows how effectively a company uses its shareholders' money to generate profit. It is calculated by dividing the company's net profit by its shareholders' equity, indicating how much profit is earned for each dollar invested by owners. Higher return on equity suggests the company is good at turning investments into earnings, which can be an important factor for investors assessing its profitability and efficiency.

net interest margin financial

"net interest margin was 4.20% compared to 4.31%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

provision for credit losses financial

"provision for credit losses was $2.1 million compared to $2.0 million"

Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.

bank owned life insurance financial

"tax free bank owned life insurance ("BOLI") death benefit proceeds"

Bank owned life insurance is a type of life insurance a bank buys on the lives of its employees so the bank, rather than the employee’s family, receives the payout when a covered person dies. It acts like a long-term asset that pays income and can help cover costs such as employee benefits or unexpected losses; investors watch it because the holding affects a bank’s reported earnings, cash flow stability, and capital position much like a conservative investment portfolio would.

allowance for credit losses financial

"required to maintain the allowance for credit losses ("ACL") at an appropriate level"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

current expected credit losses financial

"appropriate level under the current expected credit losses model"

An accounting rule that requires lenders and creditors to estimate and record expected loan losses up front, based on current information and reasonable forecasts, rather than waiting until losses actually occur. Think of it as a bank setting aside a rainy-day fund based on the weather report instead of only after storms hit; for investors this affects reported profits, reserves and capital levels and can change perceptions of a firm’s financial strength.

AI-generated analysis. Not financial advice.

ASHEVILLE, N.C., Jan. 22, 2026 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (NYSE: HTB) ("Company"), the holding company of HomeTrust Bank ("Bank"), today announced preliminary net income for the fourth quarter of the year ended December 31, 2025 and approval of its quarterly cash dividend.

For the quarter ended December 31, 2025 compared to the quarter ended September 30, 2025:

• net income was $16.1 million compared to $16.5 million;
• diluted earnings per share ("EPS") were $0.93 compared to $0.95;
• annualized return on assets ("ROA") was 1.44% compared to 1.48%;
• annualized return on equity ("ROE") was 10.63% compared to 11.10%;
• net interest margin was 4.20% compared to 4.31%;
• provision for credit losses was $2.1 million compared to $2.0 million;
• tax free bank owned life insurance ("BOLI") death benefit proceeds in excess of cash surrender value was $92,000 compared to $0;
• quarterly cash dividends increased $0.01 per share, or 8.3%, to $0.13 per share totaling $2.2 million compared to $0.12 per share totaling $2.1 million; and
• 241,201 shares of Company common stock were repurchased during the current quarter at an average price of $42.19 compared to none in the prior quarter.
  
  

For the year ended December 31, 2025 compared to the year ended December 31, 2024:

• net income was $64.4 million compared to $54.8 million;
• diluted EPS was $3.72 compared to $3.20;
• ROA was 1.46% compared to 1.23%;
• ROE was 11.06% compared to 10.37%;
• net interest margin was 4.25% compared to 4.07%;
• provision for credit losses was $6.9 million compared to $7.5 million;
• gain on the sale of our two Knoxville, Tennessee branches was $1.4 million compared to $0;
• tax free BOLI death benefit proceeds in excess of cash surrender value of $92,000 compared to $1.1 million;
• cash dividends of $0.49 per share totaling $8.4 million compared to $0.45 per share totaling $7.7 million; and
• 334,413 shares of Company common stock were repurchased during the current year at an average price was $40.30 compared to 23,483 shares repurchased at an average price of $27.48 in the prior year.
  
  

The Company also announced today that its Board of Directors declared a quarterly cash dividend of $0.13 per common share payable on February 26, 2026 to shareholders of record as of the close of business on February 18, 2026.

“Fiscal year 2025 ended with another quarter of strong financial performance,” said Hunter Westbrook, President and Chief Executive Officer. “For the second consecutive year, we delivered 11% growth in our tangible book value per share – driven by our top quartile net interest margin of 4.25%, strong gains on the sale of loans, and continued expense discipline. With our robust capital base and clear strategic vision, we are poised to accelerate loan growth in 2026.

“As previously announced, HomeTrust was once again recognized as one of the 2025 America’s Top 100 Most Loved Workplaces by the Best Practice Institute, a 2025 Best Bank to Work For by American Banker, and one of the 2026 America’s Best Workplaces by Best Companies Group. These recognitions affirm the culture we’ve built – one rooted in empowering teammates, strengthening communities and cultivating a workplace where belonging fuels excellence – so we can make a lasting difference together. Our culture is the engine behind the momentum, and the reason HomeTrust continues to be a consistently high-performing community bank.”

WEBSITE: WWW.HTB.COM

Comparison of Results of Operations for the Three Months Ended December 31, 2025 and September 30, 2025
Net Income.  Net income totaled $16.1 million, or $0.93 per diluted share, for the three months ended December 31, 2025 compared to $16.5 million, or $0.95 per diluted share, for the three months ended September 30, 2025, a decrease of $367,000, or 2.2%. The results for the three months ended December 31, 2025 compared to the quarter ended September 30, 2025 were impacted by a $1.2 million decrease in net interest income, partially offset by a $645,000 increase in noninterest income. 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
	December 31, 2025										September 30, 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)	$	3,809,902			$	59,597		6.21	%		$	3,876,200			$	61,749		6.32	%
Debt securities available for sale		147,247				1,599		4.31				146,374				1,662		4.50
Other interest-earning assets(2)		223,267				2,271		4.04				152,130				1,984		5.17
Total interest-earning assets		4,180,416				63,467		6.02				4,174,704				65,395		6.21
Other assets		255,547										256,449
Total assets	$	4,435,963									$	4,431,153
Liabilities and equity
Interest-bearing liabilities
Interest-bearing checking accounts	$	540,889			$	1,013		0.74	%		$	544,229			$	1,081		0.79	%
Money market accounts		1,361,620				9,192		2.68				1,330,856				9,276		2.77
Savings accounts		171,803				30		0.07				176,660				31		0.07
Certificate accounts		926,678				8,674		3.71				932,361				9,086		3.87
Total interest-bearing deposits		3,000,990				18,909		2.50				2,984,106				19,474		2.59
Junior subordinated debt		10,204				199		7.74				10,179				207		8.07
Borrowings		10,152				146		5.71				28,716				325		4.49
Total interest-bearing liabilities		3,021,346				19,254		2.53				3,023,001				20,006		2.63
Noninterest-bearing deposits		751,864										757,828
Other liabilities		61,085										60,692
Total liabilities		3,834,295										3,841,521
Stockholders' equity		601,668										589,632
Total liabilities and stockholders' equity	$	4,435,963									$	4,431,153
Net earning assets	$	1,159,070									$	1,151,703
Average interest-earning assets to average interest-bearing liabilities		138.36	%									138.10	%
Non-tax-equivalent
Net interest income					$	44,213									$	45,389
Interest rate spread								3.49	%									3.58	%
Net interest margin(3)								4.20	%									4.31	%
Tax-equivalent(4)
Net interest income					$	44,661									$	45,829
Interest rate spread								3.54	%									3.63	%
Net interest margin(3)								4.24	%									4.36	%

^{(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 $448 and $440 for the three months ended December 31, 2025 and September 30, 2025, respectively, calculated based on a combined federal and state tax rate of 24%.}

Total interest and dividend income for the three months ended December 31, 2025 decreased $1.9 million, or 2.9%, when compared to the three months ended September 30, 2025. Regarding the components of this income, loan interest income decreased $2.2 million, or 3.5%, primarily due to an overall decrease in average loan balances and the impact of decreases in the federal funds rate upon loan yields, and was partially offset by a $287,000 increase in interest income on other investments and interest-bearing accounts. Accretion income on acquired loans of $519,000 and $352,000 was recognized during the same periods, respectively, and was included in loan interest income.

Total interest expense for the three months ended December 31, 2025 decreased $752,000, or 3.8%, compared to the three months ended September 30, 2025, the result of a $565,000, or 2.9%, decrease in interest expense on deposits and a $187,000, or 35.2%, decrease in interest expense on borrowings. The decrease in interest expense on deposits can primarily be traced to decreases in the average cost of funds, while the decrease in interest expense on borrowings was the result of a decline in average borrowings outstanding.

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
Interest-earning assets
Loans receivable	$	(1,056	)		$	(1,096	)		$	(2,152	)
Debt securities available for sale		10				(73	)			(63	)
Other interest-earning assets		928				(641	)			287
Total interest-earning assets		(118	)			(1,810	)			(1,928	)
Interest-bearing liabilities
Interest-bearing checking accounts		(7	)			(61	)			(68	)
Money market accounts		214				(298	)			(84	)
Savings accounts		(1	)			—				(1	)
Certificate accounts		(55	)			(357	)			(412	)
Junior subordinated debt		1				(9	)			(8	)
Borrowings		(210	)			31				(179	)
Total interest-bearing liabilities		(58	)			(694	)			(752	)
Decrease in net interest income									$	(1,176	)

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)	December 31, 2025			September 30, 2025			$ Change				% Change
Provision for credit losses
Loans	$	1,525		$	1,755		$	(230	)		(13	)%
Off-balance-sheet credit exposure		555			260			295			113
Total provision for credit losses	$	2,080		$	2,015		$	65			3	%

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 quarter ended September 30, 2025, the "loans" portion of the provision for credit losses was the result of the following, offset by net charge-offs of $2.8 million during the quarter:

• $0.6 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 quarters ended December 31, 2025 and September 30, 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 December 31, 2025 increased $645,000, or 7.4%, when compared to the quarter ended September 30, 2025. Changes in the components of noninterest income are discussed below:

	Three Months Ended
(Dollars in thousands)	December 31, 2025			September 30, 2025			$ Change				% Change
Noninterest income
Service charges and fees on deposit accounts	$	2,534		$	2,527		$	7			—	%
Loan income and fees		926			577			349			60
Gain on sale of loans held for sale		1,926			1,725			201			12
BOLI income		976			882			94			11
Operating lease income		2,032			1,777			255			14
Gain on sale of premises and equipment		65			—			65			100
Other		937			1,263			(326	)		(26	)
Total noninterest income	$	9,396		$	8,751		$	645			7	%

• Loan income and fees: The increase was primarily the result of a $144,000 increase in interest rate swap fees in addition to smaller increases 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 SBA commercial loans originated for sale, partially offset by decreased sales volume of residential mortgage loans and HELOCs. There were $18.9 million in sales of the guaranteed portion of SBA commercial loans with gains of $1.5 million for the current quarter compared to $9.8 million sold and gains of $595,000 for the prior quarter. There were $31.1 million of residential mortgage loans sold for gains of $606,000 during the current quarter compared to $33.3 million sold with gains of $764,000 in the prior quarter. There were $13.7 million of HELOCs originated for sale which were sold during the current quarter with gains of $121,000 compared to $45.3 million sold with gains of $243,000 in the prior quarter. Our hedging of mandatory commitments on the residential mortgage loan pipeline resulted in a net loss of $295,000 for the current quarter compared to a net gain of $123,000 for the prior quarter.
• BOLI income: The increase was primarily related to $92,000 in tax-free gains on death benefit proceeds in excess of the cash surrender value in the current quarter, with no such income being recognized in the prior quarter.
• Operating lease income: The increase was primarily the result of a $359,000 reduction in losses upon contract termination, partially offset by a $104,000 decrease in contract earnings.
• Other: The decrease was driven by a $226,000 reduction of investment services income quarter-over-quarter.
  
  

Noninterest Expense.  Noninterest expense for the three months ended December 31, 2025 increased $428,000, or 1.4%, when compared to the three months ended September 30, 2025. Changes in the components of noninterest expense are discussed below:

	Three Months Ended
(Dollars in thousands)	December 31, 2025			September 30, 2025			$ Change				% Change
Noninterest expense
Salaries and employee benefits	$	18,541		$	18,508		$	33			—	%
Occupancy expense, net		2,572			2,563			9			—
Computer services		2,798			2,562			236			9
Operating lease depreciation expense		1,582			1,770			(188	)		(11	)
Telecom, postage and supplies		542			539			3			1
Marketing and advertising		514			471			43			9
Deposit insurance premiums		483			468			15			3
Core deposit intangible amortization		411			410			1			—
Other		4,251			3,975			276			7
Total noninterest expense	$	31,694		$	31,266		$	428			1	%

• Operating lease depreciation expense: The decrease was due to a decline in the population of operating lease contracts (assets being depreciated) quarter-over-quarter.
• Other: The change was driven by a $110,000 increase in ATM expense period-over-period in addition to smaller increases across several other expense categories.
  
  

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 December 31, 2025 and September 30, 2025 were 18.7% and 20.9%, respectively, with the quarter-over-quarter decline driven by the Company's investment in a tax credit equity fund.

Comparison of Results of Operations for the Years Ended December 31, 2025 and December 31, 2024
Net Income.  Net income totaled $64.4 million, or $3.72 per diluted share, for the year ended December 31, 2025 compared to $54.8 million, or $3.20 per diluted share, for the year ended December 31, 2024, an increase of $9.6 million, or 17.4%. The results for the year ended December 31, 2025 compared to the prior year were positively impacted by a $7.2 million increase in net interest income, a $2.9 million increase in noninterest income, a $607,000 decrease in the provision for credit losses and a $321,000 decrease in 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.

	Years Ended December 31,
		2025										2024
(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)	$	3,823,319			$	240,399		6.29	%		$	3,884,984			$	247,642		6.37	%
Debt securities available for sale		148,951				6,706		4.50				137,108				6,045		4.41
Other interest-earning assets(2)		182,666				9,033		4.95				144,262				7,929		5.50
Total interest-earning assets		4,154,936				256,138		6.16				4,166,354				261,616		6.28
Other assets		260,395										273,307
Total assets	$	4,415,331									$	4,439,661
Liabilities and equity
Interest-bearing liabilities
Interest-bearing checking accounts	$	555,443			$	4,669		0.84	%		$	570,952			$	5,420		0.95	%
Money market accounts		1,342,019				36,648		2.73				1,314,867				39,851		3.03
Savings accounts		178,503				136		0.08				185,712				164		0.09
Certificate accounts		919,734				36,149		3.93				952,602				42,003		4.41
Total interest-bearing deposits		2,995,699				77,602		2.59				3,024,133				87,438		2.89
Junior subordinated debt		10,167				817		8.04				10,067				928		9.22
Borrowings		20,597				981		4.76				61,205				3,746		6.12
Total interest-bearing liabilities		3,026,463				79,400		2.62				3,095,405				92,112		2.98
Noninterest-bearing deposits		743,578										757,472
Other liabilities		63,109										58,496
Total liabilities		3,833,150										3,911,373
Stockholders' equity		582,181										528,288
Total liabilities and stockholders' equity	$	4,415,331									$	4,439,661
Net earning assets	$	1,128,473									$	1,070,949
Average interest-earning assets to average interest-bearing liabilities		137.29	%									134.60	%
Non-tax-equivalent
Net interest income					$	176,738									$	169,504
Interest rate spread								3.54	%									3.30	%
Net interest margin(3)								4.25	%									4.07	%
Tax-equivalent(4)
Net interest income					$	178,475									$	170,964
Interest rate spread								3.58	%									3.34	%
Net interest margin(3)								4.30	%									4.10	%

^{(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 $1,737 and $1,460 for the years ended December 31, 2025 and 2024, respectively, calculated based on a combined federal and state tax rate of 24%.}

Total interest and dividend income for the year ended December 31, 2025 decreased $5.5 million, or 2.1%, compared to the year ended December 31, 2024. Regarding the components of this income, loan interest income decreased $7.2 million, or 2.9%, primarily due to an overall decrease in average loan balances and the impact of decreases in the federal funds rate upon loan yields, partially offset by a $1.1 million increase in interest income on other investments and interest-bearing accounts, and a $661,000 increase in interest income on debt securities available for sale. Accretion income on acquired loans of $2.2 million and $3.2 million was recognized during the same periods, respectively, and was included in loan interest income.

Total interest expense for the year ended December 31, 2025 decreased $12.7 million, or 13.8%, compared to the year ended December 31, 2024, the result of a $9.8 million, or 11.2%, decrease in interest expense on deposits and a $2.9 million, or 61.5%, decrease in interest expense on borrowings. The decrease in interest expense on deposits can primarily be traced to decreases in the average cost of funds, while the decrease in interest expense on borrowings was primarily the result of a decline in average borrowings outstanding.

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
Interest-earning assets
Loans receivable	$	(3,931	)		$	(3,312	)		$	(7,243	)
Debt securities available for sale		522				139				661
Other interest-earning assets		2,111				(1,007	)			1,104
Total interest-earning assets		(1,298	)			(4,180	)			(5,478	)
Interest-bearing liabilities
Interest-bearing checking accounts		(147	)			(604	)			(751	)
Money market accounts		823				(4,026	)			(3,203	)
Savings accounts		(6	)			(22	)			(28	)
Certificate accounts		(1,449	)			(4,405	)			(5,854	)
Junior subordinated debt		9				(120	)			(111	)
Borrowings		(2,485	)			(280	)			(2,765	)
Total interest-bearing liabilities		(3,255	)			(9,457	)			(12,712	)
Increase in net interest income									$	7,234

Provision for Credit Losses.  The following table presents a breakdown of the components of the provision for credit losses:

	Years Ended December 31,
(Dollars in thousands)		2025			2024		$ Change				% Change
Provision for credit losses
Loans	$	5,465		$	7,460		$	(1,995	)		(27	)%
Off-balance-sheet credit exposure		1,473			85			1,388			1,633
Total provision for credit losses	$	6,938		$	7,545		$	(607	)		(8	)%

For the year ended December 31, 2025, the "loans" portion of the provision for credit losses was the result of the following, offset by net charge-offs of $9.3 million during the period:

• $2.5 million benefit driven by changes in the loan mix.
• $1.5 million benefit due to changes in the projected economic forecast, specifically the national unemployment rate, and changes in qualitative adjustments. Of note, in the quarter ended June 30, 2025, we released the $2.2 million qualitative allocation previously established in the prior year for the potential impact of Hurricane Helene on our loan portfolio. Any residual impact of the Hurricane is believed to have now been reflected elsewhere within the ACL calculation.
• $0.2 million increase in specific reserves on individually evaluated credits.
  
  

For the year ended December 31, 2024, the "loans" portion of the provision for credit losses was the result of the following, offset by net charge-offs of $10.8 million during the period:

• $1.6 million benefit driven by changes in the loan mix.
• $0.7 million benefit due to changes in the projected economic forecast, specifically the national unemployment rate, and changes in qualitative adjustments. Included in this change was the addition of a $2.2 million qualitative allocation in the quarter ended September 30, 2024 for the potential impact of Hurricane Helene on our loan portfolio.
• $1.0 million decrease in specific reserves on individually evaluated credits.
  
  

For the years ended December 31, 2025 and December 31, 2024, the amounts recorded for off-balance-sheet credit exposure were the result of changes in the balance of loan commitments, loan mix and the projected economic forecast as outlined above.

Noninterest Income.  Noninterest income for the year ended December 31, 2025 increased $2.9 million, or 8.6%, when compared to the same period last year. Changes in the components of noninterest income are discussed below:

	Years Ended December 31,
(Dollars in thousands)		2025			2024			$ Change				% Change
Noninterest income
Service charges and fees on deposit accounts	$	9,807		$	9,165			$	642			7	%
Loan income and fees		2,772			2,737				35			1
Gain on sale of loans held for sale		7,668			6,253				1,415			23
BOLI income		3,552			4,312				(760	)		(18	)
Operating lease income		7,064			7,346				(282	)		(4	)
Gain on sale of branches		1,448			—				1,448			100
Gain (loss) on sale of premises and equipment		93			(9	)			102			1,133
Other		3,927			3,645				282			8
Total noninterest income	$	36,331		$	33,449			$	2,882			9	%

• Gain on sale of loans held for sale: The increase was primarily driven by growth in the volume of HELOCs and residential mortgage loans sold during the current period, partially offset by a reduction in the sales volume of the guaranteed portion of SBA commercial loans. During the year ended December 31, 2025, there were $257.2 million of HELOCs sold with gains of $2.4 million compared to $95.4 million sold with gains of $887,000 in the prior year. There were $113.5 million of residential mortgage loans originated for sale which were sold with gains of $2.4 million compared to $82.0 million sold with gains of $1.4 million in the prior year. There were $40.4 million of sales of the guaranteed portion of SBA commercial loans with gains of $3.0 million compared to $48.7 million sold with gains of $3.9 million during the prior year. Lastly, our hedging of mandatory commitments on the residential mortgage loan pipeline resulted in a net loss of $131,000 for the year ended December 31, 2025 versus $81,000 of a net gain in the prior year.
• BOLI income: The decrease was due to a $1.0 million decrease in tax-free gains on death benefit proceeds in excess of the cash surrender value of the policies year-over-year, partially offset by higher yielding policies as a result of restructuring the portfolio at the end of the calendar year ended December 31, 2023.
• Gain on sale of branches: During the current year we completed the sale of our two Knoxville, Tennessee branches, recognizing a gain of $1.4 million in the current year, with no similar activity occurring in the prior year.
  
  

Noninterest Expense.  Noninterest expense for the year ended December 31, 2025 decreased $321,000, or 0.3%, when compared to the same period last year. Changes in the components of noninterest expense are discussed below:

	Years Ended December 31,
(Dollars in thousands)		2025			2024		$ Change				% Change
Noninterest expense
Salaries and employee benefits	$	72,956		$	67,900		$	5,056			7	%
Occupancy expense, net		10,021			9,768			253			3
Computer services		10,653			12,506			(1,853	)		(15	)
Operating lease depreciation expense		7,009			7,734			(725	)		(9	)
Telecom, postage and supplies		2,188			2,253			(65	)		(3	)
Marketing and advertising		1,879			1,893			(14	)		(1	)
Deposit insurance premiums		1,935			2,230			(295	)		(13	)
Core deposit intangible amortization		1,747			2,463			(716	)		(29	)
Contract renewal consulting fee		—			2,965			(2,965	)		(100	)
Other		16,788			15,785			1,003			6
Total noninterest expense	$	125,176		$	125,497		$	(321	)		—	%

• Salaries and employee benefits: The increase was primarily the result of increases in both pay and incentive compensation.
• Computer services: At the end of the prior calendar year, we finalized a multiyear renewal of our largest core processing contract. The decrease in expense period-over-period is a reflection of the improved vendor pricing negotiated through this effort.
• Operating lease depreciation expense: The decrease was due to a decline in the population of operating lease contracts (assets being depreciated) year-over-year.
• Deposit insurance premiums: The decrease period-over-period was the result of higher regulatory capital ratios.
• Core deposit intangible amortization: The intangible recorded associated with the Quantum merger is being amortized on an accelerated basis, so the rate of amortization slowed year-over-year.
• Contract renewal consulting fee: In the prior year we paid a fee to a consultant to negotiate the multiyear renewal of our largest core processing contract, with no similar fee being recognized in the current year.
• Other: The change period-over-period was driven by increases of $415,000 in community association banking deposit line of business referral fees, $285,000 in losses on the sale of repossessed equipment, and $226,000 in other consulting fees.
  
  

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 rate was 20.5% and 21.6% for the years ended December 31, 2025 and 2024, respectively.

Balance Sheet Review
Total assets decreased by $49.8 million to $4.5 billion and total liabilities decreased by $98.7 million to $3.9 billion at December 31, 2025 as compared to December 31, 2024. These changes can be traced to the use of the proceeds from both loan paydowns and maturities of debt securities and certificates of deposit to offset a $69.2 million decline in deposits. The decrease in deposits was mainly the result of a $115.8 million reduction in brokered deposits and $34.3 million of deposits which were assumed by the purchaser of our two Knoxville, Tennessee branches, partially offset by an increase of $57.0 million in core deposits.

Stockholders' equity increased $48.9 million, or 8.9%, to $600.7 million at December 31, 2025 as compared to December 31, 2024. Activity within stockholders' equity included $64.4 million in net income and $5.6 million in share-based compensation and stock option exercises, partially offset by $8.4 million in cash dividends declared and $13.6 million in stock repurchases. In addition, accumulated other comprehensive income improved by $2.3 million due to a reduction in the unrealized loss on available for sale securities due to lower market interest rates.

As of December 31, 2025, 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 $41.5 million, or 1.16% of total loans, at December 31, 2025 compared to $45.3 million, or 1.24% of total loans, at December 31, 2024. The drivers of this change are discussed in the "Comparison of Results of Operations for the Years Ended December 31, 2025 and December 31, 2024 – Provision for Credit Losses" section above. Of note, as of December 31, 2024, the ACL on loans included a $2.2 million qualitative allocation for the potential impact of Hurricane Helene on our loan portfolio, while this allocation had been removed prior to December 31, 2025.

Net loan charge-offs totaled $9.3 million for the year ended December 31, 2025 compared to $10.8 million for the prior year. For both 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 $6.2 million and $6.7 million for the same periods, respectively. Annualized net charge-offs as a percentage of average loans were 0.24% and 0.28% for the years ended December 31, 2025 and 2024, respectively.

Nonperforming assets, made up of nonaccrual loans and repossessed assets, increased by $11.3 million, or 34.1%, to $44.4 million, or 0.98% of total assets, at December 31, 2025 compared to $33.1 million, or 0.72% of total assets, at September 30, 2025. SBA loans made up the largest portion of nonperforming assets at $20.6 million and $11.9 million, respectively, at these same dates of which $14.9 million and $6.6 million, respectively, of these amounts were fully guaranteed. Of the remaining nonperforming assets, equipment finance loans (concentrated in the transportation sector) made up $6.6 million and $5.5 million, respectively, and HELOCs totaled $6.5 million and $5.9 million, respectively, both at these same dates. The ratio of nonperforming loans to total loans was 1.22% at December 31, 2025 compared to 0.89% at September 30, 2025. When adjusted for fully guaranteed loans, the ratio of nonperforming loans to total loans was 0.81% at December 31, 2025 compared to 0.71% at September 30, 2025.

Nonperforming assets increased by $15.7 million, or 54.4%, to $44.4 million, or 0.98% of total assets, at December 31, 2025 compared to $28.8 million, or 0.63% of total assets, at December 31, 2024. The ratio of nonperforming loans to total loans was 1.22% at December 31, 2025 compared to 0.76% at December 31, 2024.

Classified assets increased by $9.5 million, or 16.8%, to $66.2 million, or 1.46% of total assets, as of December 31, 2025 when compared to the balance of $56.6 million, or 1.23% of total assets, as of September 30, 2025. Similarly, classified assets increased by $17.9 million, or 37.1%, to $66.2 million, or 1.46% of total assets, as of December 31, 2025 when compared to the balance of $48.3 million, or 1.06% of total assets, at December 31, 2024. SBA loans made up the largest portion of classified assets at $27.3 million and $20.0 million, respectively, as of December 31, 2025 and September 30, 2025 of which $19.8 million and $12.7 million, respectively, was fully guaranteed. The remaining population of classified assets at December 31, 2025 included $8.9 million of HELOCs, $8.5 million of equipment finance loans (concentrated in the transportation sector), $7.6 million of non-owner occupied CRE loans, and $7.3 million of 1-4 family residential real estate loans.

Lastly, in an effort to assist customers in their post-Hurricane Helene recovery and clean-up efforts, at the end of the prior calendar year we granted payment deferrals of up to six months to provide short-term relief to impacted customers. The outstanding balance of these deferrals declined from $136.0 million at December 31, 2024 to $318,000 at December 31, 2025. To date, $165,000 in charge-offs have been recognized which were directly related to Hurricane Helene.

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 $4.5 billion as of December 31, 2025, the Company’s goal is to continue to be recognized as a high-performing, regional community bank, while our strategy to reach that goal is to be a best place to work. As a reflection of these efforts, 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 the Company 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; 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)	December 31, 2025				September 30, 2025				June 30, 2025				March 31, 2025				December 31, 2024(1)
Assets
Cash	$	14,411			$	15,435			$	16,662			$	14,303			$	18,778
Interest-bearing deposits		310,281				300,395				280,547				285,522				260,441
Cash and cash equivalents		324,692				315,830				297,209				299,825				279,219
Certificates of deposit in other banks		18,841				20,833				23,319				25,806				28,538
Debt securities available for sale, at fair value		142,540				145,682				143,942				150,577				152,011
FHLB and FRB stock		13,636				14,325				15,263				13,602				13,630
SBIC investments, at cost		18,818				18,346				17,720				17,746				15,117
Loans held for sale, at fair value		7,005				7,907				1,106				2,175				4,144
Loans held for sale, at the lower of cost or fair value		198,688				189,047				169,835				151,164				202,018
Total loans, net of deferred loan fees and costs		3,578,154				3,643,619				3,671,951				3,648,609				3,648,299
Allowance for credit losses – loans		(41,479	)			(43,086	)			(44,139	)			(44,742	)			(45,285	)
Loans, net		3,536,675				3,600,533				3,627,812				3,603,867				3,603,014
Premises and equipment held for sale, at the lower of cost or fair value		616				616				616				8,240				616
Premises and equipment, net		62,400				62,437				62,706				62,347				69,872
Accrued interest receivable		15,973				17,077				16,554				18,269				18,336
Deferred income taxes, net		9,922				9,789				9,968				9,288				10,735
BOLI		93,930				93,474				92,576				91,715				90,868
Goodwill		34,111				34,111				34,111				34,111				34,111
Core deposit intangibles, net		4,848				5,259				5,670				6,080				6,595
Other assets		62,940				56,871				59,646				63,248				66,606
Total assets	$	4,545,635			$	4,592,137			$	4,578,053			$	4,558,060			$	4,595,430
Liabilities and stockholders' equity
Liabilities
Deposits	$	3,709,997			$	3,698,227			$	3,666,178			$	3,736,360			$	3,779,203
Junior subordinated debt		10,220				10,195				10,170				10,145				10,120
Borrowings		165,000				230,000				265,000				177,000				188,000
Other liabilities		59,728				57,882				57,431				69,106				66,349
Total liabilities		3,944,945				3,996,304				3,998,779				3,992,611				4,043,672
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)		173				175				175				176				175
Additional paid in capital		166,856				176,289				174,900				176,682				176,693
Retained earnings		436,524				422,615				408,178				393,026				380,541
Unearned Employee Stock Ownership Plan ("ESOP") shares		(3,438	)			(3,571	)			(3,703	)			(3,835	)			(3,966	)
Accumulated other comprehensive income (loss)		575				325				(276	)			(600	)			(1,685	)
Total stockholders' equity		600,690				595,833				579,274				565,449				551,758
Total liabilities and stockholders' equity	$	4,545,635			$	4,592,137			$	4,578,053			$	4,558,060			$	4,595,430

^{(1)  Derived from audited financial statements.
(2)  Shares of common stock issued and outstanding were 17,286,289 at December 31, 2025; 17,520,425 at September 30, 2025; 17,492,143 at June 30, 2025; 17,552,626 at March 31, 2025; and 17,527,709 at December 31, 2024.}

Consolidated Statements of Income (Unaudited)

	Three Months Ended						Years Ended
(Dollars in thousands)	December 31, 2025			September 30, 2025			December 31, 2025			December 31, 2024
Interest and dividend income
Loans	$	59,597		$	61,749		$	240,399		$	247,642
Debt securities available for sale		1,599			1,662			6,706			6,045
Other investments and interest-bearing deposits		2,271			1,984			9,033			7,929
Total interest and dividend income		63,467			65,395			256,138			261,616
Interest expense
Deposits		18,909			19,474			77,602			87,438
Junior subordinated debt		199			207			817			928
Borrowings		146			325			981			3,746
Total interest expense		19,254			20,006			79,400			92,112
Net interest income		44,213			45,389			176,738			169,504
Provision for credit losses		2,080			2,015			6,938			7,545
Net interest income after provision for credit losses		42,133			43,374			169,800			161,959
Noninterest income
Service charges and fees on deposit accounts		2,534			2,527			9,807			9,165
Loan income and fees		926			577			2,772			2,737
Gain on sale of loans held for sale		1,926			1,725			7,668			6,253
BOLI income		976			882			3,552			4,312
Operating lease income		2,032			1,777			7,064			7,346
Gain on sale of branches		—			—			1,448			—
Gain (loss) on sale of premises and equipment		65			—			93			(9	)
Other		937			1,263			3,927			3,645
Total noninterest income		9,396			8,751			36,331			33,449
Noninterest expense
Salaries and employee benefits		18,541			18,508			72,956			67,900
Occupancy expense, net		2,572			2,563			10,021			9,768
Computer services		2,798			2,562			10,653			12,506
Operating lease depreciation expense		1,582			1,770			7,009			7,734
Telecom, postage and supplies		542			539			2,188			2,253
Marketing and advertising		514			471			1,879			1,893
Deposit insurance premiums		483			468			1,935			2,230
Core deposit intangible amortization		411			410			1,747			2,463
Contract renewal consulting fee		—			—			—			2,965
Other		4,251			3,975			16,788			15,785
Total noninterest expense		31,694			31,266			125,176			125,497
Income before income taxes		19,835			20,859			80,955			69,911
Income tax expense		3,711			4,368			16,591			15,106
Net income	$	16,124		$	16,491		$	64,364		$	54,805

Per Share Data

	Three Months Ended						Years Ended
	December 31, 2025			September 30, 2025			December 31, 2025			December 31, 2024
Net income per common share(1)
Basic	$	0.94		$	0.96		$	3.75		$	3.21
Diluted	$	0.93		$	0.95		$	3.72		$	3.20
Average shares outstanding
Basic		16,936,740			16,998,549			16,987,894			16,914,741
Diluted		17,070,906			17,130,030			17,106,783			16,977,330
Book value per share at end of period	$	34.75		$	34.01		$	34.75		$	31.48
Tangible book value per share at end of period(2)	$	32.56		$	31.83		$	32.56		$	29.24
Cash dividends declared per common share	$	0.13		$	0.12		$	0.49		$	0.45
Total shares outstanding at end of period		17,286,289			17,520,425			17,286,289			17,527,709

^{(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						Years Ended
	December 31, 2025			September 30, 2025			December 31, 2025			December 31, 2024
Performance ratios(1)
Return on assets (ratio of net income to average total assets)	1.44	%		1.48	%		1.46	%		1.23	%
Return on equity (ratio of net income to average equity)	10.63			11.10			11.06			10.37
Yield on earning assets	6.02			6.21			6.16			6.28
Rate paid on interest-bearing liabilities	2.53			2.63			2.62			2.98
Average interest rate spread	3.49			3.58			3.54			3.30
Net interest margin(2)	4.20			4.31			4.25			4.07
Average interest-earning assets to average interest-bearing liabilities	138.36			138.10			137.29			134.60
Noninterest expense to average total assets	2.83			2.80			2.84			2.83
Efficiency ratio	59.12			57.75			58.75			61.84
Efficiency ratio – adjusted(3)	58.80			57.28			58.72			60.28

^{(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
	December 31, 2025			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024
Asset quality ratios
Nonperforming assets to total assets(1)	0.98	%		0.72	%		0.67	%		0.61	%		0.63	%
Nonperforming loans to total loans(1)	1.22			0.89			0.81			0.74			0.76
Total classified assets to total assets	1.46			1.23			1.07			0.85			1.06
Allowance for credit losses to nonperforming loans(1)	94.75			132.26			147.98			165.96			163.68
Allowance for credit losses to total loans	1.16			1.18			1.20			1.23			1.24
Net charge-offs to average loans (annualized)	0.33			0.29			0.21			0.14			0.19
Capital ratios
Equity to total assets at end of period	13.21	%		12.98	%		12.65	%		12.41	%		12.01	%
Tangible equity to total tangible assets(2)	12.49			12.25			11.91			11.65			11.25
Average equity to average assets	13.56			13.31			13.20			12.66			11.90

^{(1)  Nonperforming assets include nonaccruing loans and repossessed assets. There were no accruing loans more than 90 days past due at the dates indicated. At December 31, 2025, $10.1 million, or 23.2%, of nonaccruing loans were current on their loan payments as of that date. For more information, see the "Asset Quality" section above.
(2)  See Non-GAAP reconciliations below for adjustments.}

Loans

(Dollars in thousands)	December 31, 2025				September 30, 2025				June 30, 2025				March 31, 2025				December 31, 2024
Commercial real estate
Construction and land development	$	277,028			$	268,953			$	267,494			$	247,539			$	274,356
Commercial real estate – owner occupied		562,049				540,807				561,623				570,150				545,490
Commercial real estate – non-owner occupied		832,502				861,244				877,440				867,711				866,094
Multifamily		110,912				115,403				113,416				118,094				120,425
Total commercial real estate		1,782,491				1,786,407				1,819,973				1,803,494				1,806,365
Commercial loans
Commercial and industrial		378,686				399,155				367,359				349,085				316,159
Equipment finance		311,356				340,322				360,499				380,166				406,400
Municipal leases		166,396				164,967				168,623				163,554				165,984
Total commercial		856,438				904,444				896,481				892,805				888,543
Residential real estate
Construction and land development		45,617				51,110				53,020				56,858				53,683
One-to-four family		633,511				636,857				640,287				631,537				630,391
HELOCs		217,310				216,122				205,918				199,747				195,288
Total residential real estate		896,438				904,089				899,225				888,142				879,362
Consumer		42,787				48,679				56,272				64,168				74,029
Total loans, net of deferred loan fees and costs		3,578,154				3,643,619				3,671,951				3,648,609				3,648,299
Allowance for credit losses – loans		(41,479	)			(43,086	)			(44,139	)			(44,742	)			(45,285	)
Loans, net	$	3,536,675			$	3,600,533			$	3,627,812			$	3,603,867			$	3,603,014

Deposits

(Dollars in thousands)	December 31, 2025			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024
Core deposits
Noninterest-bearing accounts	$	707,748		$	689,352		$	698,843		$	721,814		$	680,926
NOW accounts		546,387			537,954			561,524			573,745			575,238
Money market accounts		1,374,635			1,343,008			1,323,762			1,357,961			1,341,995
Savings accounts		171,455			172,883			179,980			184,396			181,317
Total core deposits		2,800,225			2,743,197			2,764,109			2,837,916			2,779,476
Certificates of deposit		909,772			955,030			902,069			898,444			999,727
Total	$	3,709,997		$	3,698,227		$	3,666,178		$	3,736,360		$	3,779,203

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								Years Ended
(Dollars in thousands)	December 31, 2025				September 30, 2025				December 31, 2025				December 31, 2024
Noninterest expense	$	31,694			$	31,266			$	125,176			$	125,497
Less: contract renewal consulting fee		—				—				—				2,965
Noninterest expense – adjusted	$	31,694			$	31,266			$	125,176			$	122,532
Net interest income	$	44,213			$	45,389			$	176,738			$	169,504
Plus: tax-equivalent adjustment		448				440				1,737				1,460
Plus: noninterest income		9,396				8,751				36,331				33,449
Less: BOLI death benefit proceeds in excess of cash surrender value		92				—				92				1,143
Less: gain on sale of branches		—				—				1,448				—
Less: gain (loss) on sale of premises and equipment		65				—				93				(9	)
Net interest income plus noninterest income – adjusted	$	53,900			$	54,580			$	213,173			$	203,279
Efficiency ratio		59.12	%			57.75	%			58.75	%			61.84	%
Efficiency ratio – adjusted		58.80	%			57.28	%			58.72	%			60.28	%

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)	December 31, 2025			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024
Total stockholders' equity	$	600,690		$	595,833		$	579,274		$	565,449		$	551,758
Less: goodwill, 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

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

	As of
(Dollars in thousands)	December 31, 2025			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024
Tangible equity(1)	$	562,846		$	557,673		$	540,797		$	526,656		$	512,569
Total assets		4,545,635			4,592,137			4,578,053			4,558,060			4,595,430
Less: goodwill, core deposit intangibles, net of taxes		37,844			38,160			38,477			38,793			39,189
Total tangible assets	$	4,507,791		$	4,553,977		$	4,539,576		$	4,519,267		$	4,556,241
Tangible equity to tangible assets		12.49 %			12.25 %			11.91 %			11.65 %			11.25 %

^{(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

FAQ

What dividend did HomeTrust Bancshares (HTB) declare on Jan 22, 2026 and when is it payable?

The board declared a quarterly cash dividend of $0.13 per share payable on Feb 26, 2026 to shareholders of record as of Feb 18, 2026.

What were HTB's reported Q4 2025 net income and diluted EPS?

Q4 2025 net income was $16.1M with diluted EPS of $0.93.

How did HomeTrust's full-year 2025 earnings compare to 2024 (HTB)?

Full-year 2025 net income was $64.4M vs $54.8M in 2024, and diluted EPS was $3.72 vs $3.20.

How much stock did HTB repurchase in 2025 and at what average price?

HomeTrust repurchased 334,413 shares during 2025 at an average price of $40.30 per share.

What drove HomeTrust's 2025 earnings growth (HTB)?

Management cited higher gains on loan sales, a $1.4M gain on sale of two Knoxville branches, top-quartile net interest margin, and expense discipline.

Did HTB's net interest margin change in Q4 2025?

Reported net interest margin was 4.20% for Q4 2025 (non-tax-equivalent) compared with 4.31% in Q3 2025.