Bancshares, Inc. (the "Company") (Nasdaq:HTBI), the holding company for
HomeTrust Bank (the "Bank"), announced today that the Company's Board
of Directors has authorized the repurchase of up to 1,041,245 shares of
the Company's common stock, representing 5% of the Company's
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.
Dana Stonestreet, President and Co-CEO, stated, "Our capital position
provides us with the capability to repurchase shares when the
opportunity arises and reinforces our commitment to creating sustained
long-term shareholder value."
About HomeTrust Bancshares, Inc.
HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank
(the "Bank"), including its banking divisions -- HomeTrust Bank, Tryon
Federal Bank, Shelby Savings Bank, Home Savings Bank, Industrial
Federal Bank, Cherryville Federal Bank and Rutherford County Bank. With
$1.58 billion in assets as of June 30, 2013, the community-oriented
financial institution offers traditional financial services within its
local communities through its 21 full service offices in Western North
Carolina, including the Asheville metropolitan area, the "Piedmont"
region of North Carolina, and Greenville, South Carolina. The Bank is
the 12th largest bank headquartered in North Carolina.
Statements in this press release that are not historical facts may be
"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, by their
nature, are subject to risks and uncertainties that could cause actual
results to differ materially from the results anticipated in such
statements, including 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 from time to time in documents
filed and furnished by HomeTrust Bancshares, Inc. with the Securities
and Exchange Commission.