HomeTrust Bancshares Reports $18M Q3 Net Income

ASHEVILLE, N.C., October 21, 2026. HomeTrust Bancshares, Inc. reported preliminary net income of $18.0 million for the third quarter ended September 30, 2026. The holding company for HomeTrust Bank also announced that its Board of Directors approved a quarterly cash dividend of $0.15 per common share. The payment is scheduled for November 25, 2026, for shareholders on record by the close of business on November 12, 2026.

Diluted earnings per share for the quarter were $1.11, an increase from $0.94 in the prior quarter ended June 30, 2026. The company’s annualized return on assets was 1.55% for the nine months ended September 30, 2026, compared to 1.46% in the same period last year. Annualized return on equity stood at 11.28% for the nine-month period, up from 11.20% in the prior year period. Net interest margin for the nine months ended September 30, 2026 was 4.39%, compared to 4.27% in the previous year.

Hunter Westbrook, President and Chief Executive Officer, stated that third-quarter results continued momentum from the first half of the year. He noted that the company accelerated the pace of share repurchases as part of its capital management strategy. HomeTrust Bancshares completed a stock repurchase program initiated in August 2026 and authorized the repurchase of an additional 5% of outstanding shares. During the current quarter, the company repurchased 923,897 shares at an average price of $48.03, compared to 153,606 shares at an average price of $46.31 in the prior quarter.

The company signed a definitive merger agreement on August 16, 2026, to acquire Blue Ridge Bankshares, Inc., the holding company for Blue Ridge Bank. Under the agreement, Kinloch Merger Sub, Inc., a wholly owned subsidiary of HomeTrust Bancshares, will merge with and into Blue Ridge Bankshares. Following this merger, Blue Ridge Bank will merge with and into HomeTrust Bank. Each share of Blue Ridge common stock will convert into the right to receive 0.086 of a share of HomeTrust Bancshares common stock plus cash for fractional shares.

The transaction is expected to close early in the first quarter of 2027, subject to regulatory and shareholder approvals. Upon completion, Blue Ridge shareholders are expected to own approximately 35% of the company. The combined entity will continue to trade on the New York Stock Exchange under the ticker symbol HTB. The total transaction value will fluctuate based on the company’s stock price prior to closing.

For the nine months ended September 30, 2026, net income was $50.4 million compared to $48.2 million in the same period last year. Cash dividends totaled $7.1 million for the nine-month period, or $0.43 per share, compared to $6.2 million, or $0.36 per share, in the prior year period. The company repurchased a total of 1,610,743 shares at an average price of $46.15 during the nine months ended September 30, 2026.