HTBHomeTrust Bancshares, Inc.

Savings Institution, Federally Chartered

Revenue: —
Operating margin: —
EBITDA: —
Market cap: $775M
Employees: 550
Net debt / EBITDA: —
AI in 10-K: 1.3; mentions per 10K words

Takeover score 4 of 13

Fixable underperformance 2 of 7

TSR below peersNo
0 of 5 years
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashYes
77% of net income
Cash flow under 80% of net income
Dilutive SBCYes
21% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
44% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
1% of assets
Over 40% of assets
Shareholder dissentNo
90% lowest support
Any vote under 80% support

Buyer economics 2 of 4

Low revenue per employeeYes
$19K · 16th pct
Bottom quartile of its SIC industry
Quiet on AINo
1.3 per 10K words · 40th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
—
More cash than debt, positive EBITDA
Buyout-sizedYes
$775M market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$3M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$10M	—	—	—	—
Net income	$16M	$36M	$45M	$55M	$64M	18%
Operating cash flow	$10M	$39M	−$33M	$45M	$49M	8.9%
Capex	$16M	$7M	$3M	$3M	$4M	37%
Stock-based comp	$2M	$2M	$2M	$2M	$2M	20%
Buybacks	$16M	$43M	$0	$645K	$14M	2010%
Dividends	$5M	$5M	$6M	$8M	$8M	9.3%

Deal filings

None.

13D filers

Filed	Filer	Form	Stake	Intent
Feb 22, 2023	Neelagaru Narasimhulu	SC 13D	8.0%	Passive

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $3M · 7
Net: −$3M

Pay vs performance

Year	CEO total comp	Comp actually paid	TSR (indexed)	Peer TSR
FY2025	—	—	270	249
FY2024	—	—	212	194
FY2023	—	—	133	125
FY2022	—	—	160	136
FY2021	—	—	179	168