HomeTrust Bancshares, Inc. Recognized in Two Renowned Bank Rankings
HomeTrust Bancshares, recognized in two renowned bank rankings, achieved top honors in S&P Global Market Intelligence's annual rankings and ranked in the top 100 of Forbes 15th Annual Best Banks list. The company's strong performance is attributed to engaged employee culture and prudent balance sheet management, validating its high performance.
HomeTrust Bancshares ranked in the top 50 Community Banks by S&P Global Market Intelligence, showcasing strong financial performance and balance sheet management.
The company's recognition in Forbes' 15th Annual Best Banks list validates its profitable growth, credit quality, and stock performance for the 2023 calendar year.
The president emphasized the importance of employee culture and balance sheet management in achieving high performance, reflecting a strong corporate ethos.
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ASHEVILLE, N.C., April 29, 2024 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (NASDAQ: HTBI) (“Company”), the holding company of HomeTrust Bank (“Bank” or “HTB”), today announced that the Bank received top honors in two nationally recognized bank rankings. HomeTrust has been named a Top 50 Community Bank in S&P Global Market Intelligence’s annual rankings for 2023’s Best-Performing Large Community Banks with assets between
“We are thrilled to celebrate our debut on these prestigious Best Bank rankings,” said C. Hunter Westbrook, President & Chief Executive Officer. “These rankings validate our belief that high performance is best achieved through a strong and engaged employee culture focused on prudent, sound, and profitable balance sheet management. I am extremely proud of all our teammates whose daily efforts led to the recognition by these two esteemed organizations.”
S&P Global Market Intelligence ranked institutions based on seven metrics including returns, growth and funding but placed a premium on the strength and risk profile of balance sheets. The rankings were launched in 2011 to assess the performance of community banks and credit unions.
Forbes’ 15th Annual America’s Best Banks list utilized S&P Global Market Intelligence data to rank the top 100 of the 200 largest publicly traded banks and thrifts by assets. Forbes looked at ten metrics measuring growth, credit quality and profitability for the 2023 calendar year, as well as stock performance in the 12 months through March 18, 2024.
About HomeTrust Bancshares, Inc.
HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank. As of March 31, 2024, the Company had assets of
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 the impact of bank failures or adverse developments involving other banks and related negative press about the banking industry in general on investor and depositor sentiment; the remaining effects of the COVID-19 pandemic on general economic and financial market conditions and on public health, both nationally and in the Company's market areas; 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; 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.
www.htb.com
FAQ
<p>What were the rankings HomeTrust Bancshares, Inc. received?</p>
HomeTrust Bancshares, Inc. received top honors in S&P Global Market Intelligence's annual rankings for Best-Performing Large Community Banks and ranked in the top 100 of Forbes 15th Annual Best Banks list.
<p>How were the rankings determined?</p>
S&P Global Market Intelligence and Forbes utilized various metrics including growth, returns, credit quality, profitability, and stock performance to assess the performance of HomeTrust Bancshares, Inc.
<p>Who is the President & Chief Executive Officer of HomeTrust Bancshares, Inc.?</p>
The President & Chief Executive Officer of HomeTrust Bancshares, Inc. is C. Hunter Westbrook.
