HomeTrust Bancshares, Inc. Announces the Completion of Previous Stock Repurchase Program and the Authorization of a New Stock...
April 02 2020 - 4:30PM
HomeTrust Bancshares, Inc. (the “Company”) (NASDAQ: HTBI), the
holding company for HomeTrust Bank, announced the completion of its
5% stock repurchase program, which began in October 2019. A total
of 889,123 shares were repurchased at an average price of $21.09
per share. In addition, the Company's Board of Directors has
authorized the repurchase of up to 851,004 shares of the Company’s
common stock, representing 5% of the Company’s currently
outstanding shares. The shares may be purchased in the open market
or in privately negotiated transactions from time to time depending
upon market conditions and other factors.
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 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.
About HomeTrust Bancshares,
Inc.
HomeTrust Bancshares, Inc. is the holding
company for HomeTrust Bank. As of December 31, 2019, the
Company had assets of $3.5 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.
www.htb.com
www.hometrustbancshares.com
Contact:Dana L. Stonestreet – Chairman,
President and Chief Executive OfficerTony J. VunCannon – Executive
Vice President, Chief Financial Officer, Corporate Secretary and
Treasurer828-259-3939
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