HomeTrust Bancshares : Piper Sandler November 2022 Investor Presentation

Piper Sandler

East Coast Financial

Services Conference

November 8-9, 2022

Forward Looking Statements

This document includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements are not historical facts but instead represent management's current expectations and forecasts regarding future events, many of which are inherently uncertain and outside of the Company's control. Actual results may differ, possibly materially, from those currently expected or projected in these forward-looking statements. Factors that could cause the Company's actual results to differ materially from those described in the forward-looking statements include: the effect of the COVID-19 pandemic, including on the Company's credit quality and business operations, as well as its impact on general economic and financial market conditions and other uncertainties resulting from the COVID-19 pandemic, such as the extent and duration of the impact on public health, the U.S. and global economies, and consumer and corporate customers, including economic activity, employment levels and labor shortages, and market liquidity, both nationally and in our market areas; expected revenues, cost savings, synergies and other benefits from our merger and acquisition activities, including the proposed acquisition of Quantum Capital Corp. might not be realized to the extent anticipated, within the anticipated time frames, or at all, and costs or difficulties relating to integration matters, including but not limited to customer and employee retention, might be greater than expected; increased competitive pressures; changes in the interest rate environment; changes in general economic conditions and conditions within the securities markets; 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 our 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 the documents they file with or furnish 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 they might make, because of the factors described above or because of other factors that they cannot foresee. The Company does not undertake and specifically disclaim 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.

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HomeTrust Bancshares, Inc. Overview

$3.6B

NASDAQ: HTBI

Lines of Business

Assets

Headquarters: Asheville, NC

Commercial

Commercial Real Estate

Commercial & Industrial

Middle Market Banking

$2.9B/$3.1B

Founded: 1926

Equipment & Municipal Finance Treasury Management Services

Loans/Deposits

Locations: 32

101%

Employees: 515

Small Business Banking

Business Banking

Price to TBV

Market Cap: $375MM

Business Banking Centers

SBA Lending

15,632,348

TTM Average Daily Volume: 53,454

Consumer Banking

Outstanding Shares

Shares Repurchased: 9,831,250

Franchise Highlights

North Carolina ranked #1 on CNBC's 2022 annual list of America's Top States for Business

Converted to stock form in July 2012 raising $211.6 million

Experienced management team with extensive local market knowledge and M&A history

Voted "Best Small Bank in North Carolina" by Newsweek for two consecutive years (2020 & 2021)

• Financial data as of September 30, 2022
• Market data as of November 1, 2022
• Shares repurchased from February 19, 2013 to September 30, 2022

Retail Banking Market Teams

Consumer Banking

Mortgage Banking

Investment Services

Professional Banking

Wholesale Lending

HELOCs Originated for Sale

Indirect Auto

FinTech Partnerships

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(See Pages 5, 17-21,& 30)

(See Page 9)

Key Investment Highlights

Footprint in attractive metro markets experiencing growth rates above the national average

Successful transition from a mutual/thrift to a commercial bank (See Pages 6-7& 10-13)

• Expansion of lines of business, adding further diversity to our loan portfolio
• Strong experienced team of revenue producers
• Attractive core deposit mix and cost

$ Continued investments in technology to drive growth and improve the digital customer experience (See Pages 7 & 14-15)

• Recent core banking system conversion to improve capabilities, including the ability to quickly integrate future FinTech partners (3rd partner recently integrated)
• Investing in a technology platform to enhance our small business digital capabilities

Transformation efforts are driving improvements in profitability and our capital position

• Significant improvement in net interest margin over last five quarters
• Proven ability to generate noninterest income
• Strong capital position to support continued growth

Strong asset quality and credit discipline to support further growth (See Page 16)

We recently announced the signing of a definitive merger agreement with Quantum Capital Corp.,
a $660 million bank holding company operating in the Atlanta metro area. The proposed merger
will allow us to accelerate and enhance many of the key investment highlights above. Further
information on the agreement and Quantum may be found in Appendix A.	4

Profitability Improvements &

Balance Sheet Restructuring

Repayment of Long-Term Borrowings

• $475 million in long-term debt retired in March and June 2021
• Estimated 3.6 year earn back of the $22.7 million prepayment penalty
• $5.7 million in estimated annual interest expense reductions

Branch Closures

• On September 16, 2021, closed nine branches in NC, TN, and VA representing 22% of total branch network
• $3.2 million in estimated annual expense reductions
  SBA Loans In-House Servicing
• On July 1, 2021, transitioned from loan service provider to full back-room operations in-house
• Additional $1.2 million of estimated annual SBA loan gain on sale and servicing income, net of expenses

Expected Future Annual Financial Impact

• Increase in pre-tax income of $10.1 million
• Increase in ROA of 20 bps
• Increase in ROE of 200 bps
• Increase in Diluted EPS of $0.47

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