Piper Sandler November 2021 Investor Presentation

Piper Sandler

East Coast Financial Services Conference

November 10-11, 2021

Forward-Looking Statements

This presentation 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 our control. Actual results may differ, possibly materially, from those currently expected or projected in these forward-looking statements. Factors that could cause our actual results to differ materially from those described in the forward-looking statements include: the effect of the COVID-19 pandemic, including on our 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 market liquidity; 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 other factors described in HomeTrust'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 we make in this press release or the documents we 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 we might make, because of the factors described above or because of other factors that we cannot foresee. We do 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. These risks could cause our actual results for fiscal 2022 and beyond to differ materially from those expressed in any forward-looking statements by, or on behalf of, us and could negatively affect our operating and stock performance.

HomeTrust Bancshares, Inc. Overview

Headquarters:

Founded:

Locations:

Total Assets:

Total Loans:

Total Deposits:

Outstanding Shares:

Asheville, NC

1926

33 (NC, SC, VA, TN)

$3.5 billion $2.7 billion

$3.0 billion

16,307,658

Exchange/Ticker:	NASDAQ: HTBI
Number of Employees:
513
Stock Price:
$31.17
Price to TBV:
137%
Market Cap:	$508 million
Average Daily Volume:
47,000
Shares Repurchased:	8,724,726
(since Feb 19, 2013)	or approx. 46%

Financial data as of September 30, 2021 Market data as of November 5, 2021 Shares repurchased as of September 30, 2021

HomeTrust Bancshares, Inc. Overview

Franchise

Highlights

Metro Markets

• 2nd largest publicly traded community bank holding company headquartered in NC
• Only remaining bank headquartered in Asheville - Top 10 City in America
• North Carolina ranked #2 on CNBC's 2021 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

		Projected	Projected	2021 Median
State	Market	Population	Household	Household
		Growth *	Income Growth *	Income *
	Asheville	5.0%	13.4%	$59,400
North Carolina	Charlotte	6.6%	11.8%	$69,500
	Raleigh	7.3%	11.0%	$82,500
South Carolina	Greenville	6.1%	12.4%	$60,900
East Tennessee	Knoxville	3.9%	9.0%	$59,000
Tri-Cities	2.5%	9.7%	$47,300
Virginia	Roanoke	1.5%	8.6%	$60,600

* Blue figures reflect markets higher than national averages

1. S&P Global Market Intelligence for MSA Demographics (growth projected for 2021 to 2026), National Averages: 2.9% Projected Population Growth, $67,800 2021 Median Household Income and 9.0% Projected Household Income Growth
2. Top 10 City in America by Travel and Leisure

HomeTrust Bancshares, Inc. Overview

• Proven ability to grow organically
• • 6% compounded annual organicgrowth rate of loan portfolio since 2012 conversion
  • 15% compounded annual organicgrowth rate of commercial loan portfolio
• Proven ability to grow through M&A
• • 4 whole-bank acquisitions since 2014
  • Acquisition of 10 branches from Bank of America
• Footprint in attractive metro markets with strong growth
• • 6 of 7 metro market growth rates projected better than national average
  • Includes hot markets of Charlotte and Raleigh
• Strong experienced team of revenue producers
• • Relationship managers with 20+ avg years of experience (most with larger banks)
• Diversified loan portfolio

Value Drivers

• 55% CRE, C&I, construction

• • 18% Equipment and municipal finance
  • 27% Mortgage and consumer
• Strong asset quality and credit discipline
• • 0.19% nonperforming assets to total assets; net charge-offs of <$150K fiscal year 2021
• Attractive core deposit mix and cost
• • Cost of core deposits = 0.12% for quarter ended 9/30/21
  • Core deposits = 85% of total deposits
• Ability to generate noninterest income
• • Noninterest income 1.08% of average assets in fiscal 2021 vs 0.65% in fiscal 2012
  • SBA loan gain on sale up 116% for fiscal year 2021; Mortgage loan gain on sale up 56%
• Strong capital position for continued growth
• • 10.7% Tangible Capital Ratio as of 9/30/21