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HomeTrust Bancshares, Inc. Announces Date of Annual Meeting of Stockholders

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HomeTrust Bancshares, Inc. (NASDAQ: HTBI) announced its annual stockholders' meeting scheduled for November 16, 2020. The meeting will take place at 10:00 a.m. at the Renaissance Hotel in Asheville, North Carolina. As of June 30, 2020, the company reported assets of $3.7 billion, positioning itself as the second-largest community bank in North Carolina. The press release also includes forward-looking statements emphasizing potential risks such as the impact of the COVID-19 pandemic on credit quality and business operations.

Positive
  • Company assets amounting to $3.7 billion as of June 30, 2020.
  • Scheduled annual meeting reflects ongoing transparency with stakeholders.
Negative
  • Forward-looking statements highlight risks including COVID-19's impact on credit quality and operations.
  • Potential adverse effects from economic conditions and increased competitive pressures.

ASHEVILLE, N.C., July 30, 2020 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (NASDAQ: HTBI) (“Company”), the holding company of HomeTrust Bank (“Bank”), announced today the annual meeting of stockholders will be held at 10:00 a.m., local time on November 16, 2020, at the Renaissance Hotel, located at 31 Woodfin Street, Asheville, North Carolina.

About HomeTrust Bancshares, Inc.

HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank. As of June 30, 2020, the Company had assets of $3.7 billion. The Bank, founded in 1926, is a North Carolina state chartered, community-focused financial institution committed to providing value added relationship banking with over 40 locations as well as online/mobile channels. Locations include: North Carolina (including the Asheville metropolitan area, the "Piedmont" region, Charlotte, and Raleigh/Cary), Upstate South Carolina (Greenville), East Tennessee (including Kingsport/Johnson City/Bristol, Knoxville, and Morristown) and Southwest Virginia (including the Roanoke Valley). The Bank is the 2nd largest community bank headquartered in North Carolina.

Forward-Looking Statements

This press release 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 2020 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.

www.htb.com

www.hometrustbancshares.com

Contact:

   Dana L. Stonestreet - Chairman, President and Chief Executive Officer
   Tony J. VunCannon - Executive Vice President, Chief Financial Officer, Corporate Secretary and Treasurer
   828-259-3939


FAQ

What is the date of the HomeTrust Bancshares annual meeting?

The HomeTrust Bancshares annual meeting is scheduled for November 16, 2020.

Where will the HomeTrust Bancshares annual meeting take place?

The meeting will be held at the Renaissance Hotel in Asheville, North Carolina.

What assets did HomeTrust Bancshares report as of June 30, 2020?

HomeTrust Bancshares reported assets of $3.7 billion as of June 30, 2020.

What risks were mentioned in the HomeTrust Bancshares press release?

The press release mentioned risks including the impact of COVID-19 on credit quality and business operations.

HomeTrust Bancshares, Inc.

NASDAQ:HTBI

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Banks - Regional
Savings Institution, Federally Chartered
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United States of America
ASHEVILLE