HTB on NYSE

HomeTrust Bancshares

Logo: https://htb.com/, Non-free logo, via Wikipedia4

North Carolina-based bank holding company

HomeTrust Bancshares Inc. is an Asheville, North Carolina–based bank holding company with $4.3 billion in assets and 33 branches in North and South Carolina, Georgia and Tennessee. It is the parent of seven community banks—HomeTrust Bank, Tryon Federal Bank, Shelby Savings Bank, Home Savings Bank, Industrial Federal Bank, Cherryville Federal Bank and Rutherford County Bank.3 Its shares trade on NYSE under the symbol HTB.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1926Founded1

Compare with FIRST CAPITAL INC, Capitol Federal Savings Bank or Dime Community Bank, or pick any stock.

  • TickerHTB on NYSE1
  • Industryfinancial sector1
  • HeadquartersAsheville1
  • Websitewww.hometrustbanking.com
  • Legal formpublic company1
  • Incorporated inMD5
  • Business address10 Woodfin Street, Asheville, Nc 288015
  • Filer categoryAccelerated filer5

HomeTrust Bancshares Inc. is an Asheville, North Carolina–based bank holding company with $4.3 billion in assets and 33 branches in North and South Carolina, Georgia and Tennessee. It is the parent of seven community banks—HomeTrust Bank, Tryon Federal Bank, Shelby Savings Bank, Home Savings Bank, Industrial Federal Bank, Cherryville Federal Bank and Rutherford County Bank.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

151.1%Net margin8
-1.9%Revenue growth, 20219
4.0%Return on equity10
-$6.5MFree cash flow8

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Interest45¢$15.4M
  • Income tax10¢$3.4M
  • Profit45¢$15.7M

Out of $10.4M in revenue.98

Where each dollar of operating cash went, fiscal 2021

  • Capital spending43¢$16.1M
  • Dividends paid13¢$5.0M
  • Share buybacks43¢$16.2M

Out of $9.6M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.8

Financial statements

Revenue9$10.4M in 2021−7% since 2019
0$5.0M$10.0M$15.0M2019: $11.1M$11.1M20192020: $10.6M$10.6M2020−5%2021: $10.4M$10.4M2021−2%
Net income9108$15.7M in 2021−42% since 2019
0$10.0M$20.0M$30.0M2019: $27.1M$27.1M20192020: $22.8M$22.8M2020−16%2021: $15.7M$15.7M2021−31%

Every line of the income statement as filed: the last 4 fiscal years, latest first.13

Period ending2025-12-312024-12-312023-12-312023-06-30
Loans$240.4M$247.6M$176.3M
Commercial paper, net$0$6.0M$4.3M
Debt securities available for sale$6.7M$0$1.3M
Other investments and interest-bearing deposits$9.0M$7.9M$5.2M
Total interest and dividend income$256.1M$261.6M$187.1M
Deposits$77.6M$87.4M$25.5M
Junior subordinated debt$817.0K$928.0K$327.0K
Borrowings$981.0K$3.7M$3.9M
Total interest expense$79.4M$92.1M$29.7M
Net interest income$176.7M$169.5M$157.4M
Provision for credit losses$6.9M$7.5M$15.4M
Net interest income after provision for credit losses$169.8M$162.0M$142.0M
Service charges and fees on deposit accounts$9.8M$9.2M$9.5M
Loan income and fees$2.8M$2.7M$2.6M
Gain on sale of loans held for sale$7.7M$6.3M$5.6M
BOLI income$3.6M$4.3M$2.1M
Operating lease income$7.1M$7.3M$5.5M
Gain on sale of branches$1.4M$0$0$0
Gain (loss) on sale of premises and equipment$93.0K-$9.0K$2.1M
Other$3.9M$3.6M$3.7M
Total noninterest income$36.3M$33.4M$31.1M
Salaries and employee benefits$73.0M$67.9M$62.2M
Occupancy expense, net$10.0M$9.8M$9.9M
Computer services$10.7M$12.5M$11.8M
Operating lease depreciation expense$7.0M$7.7M$4.9M
Telecom, postage and supplies$2.2M$2.3M$2.5M
Marketing and advertising$1.9M$1.9M$2.1M
Deposit insurance premiums$1.9M$2.2M$2.2M
Core deposit intangible amortization$1.7M$2.5M$1.5M
Merger-related expenses$0$0$5.5M
Contract renewal consulting fee$0$3.0M$0
Other$16.8M$15.8M$13.3M
Total noninterest expense$125.2M$125.5M$115.9M
Income before income taxes$81.0M$69.9M$57.2M
Income tax expense$16.6M$15.1M$12.6M
Net income$64.4M$54.8M$44.6M
Basic (in dollars per share)$3.75$3.21$2.82
Diluted (in dollars per share)$3.72$3.20$2.80
Basic (in shares)17.0M shares16.9M shares15.7M shares
Diluted (in shares)17.1M shares17.0M shares15.8M shares

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Corporate structure

HomeTrust Bancshares sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of HomeTrust Bancshares

  • HomeTrust Bancshares Asheville
    • HomeTrust Bank Subsidiary · North Carolina, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What HomeTrust Bancshares reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$23.4M13 Dec 31, 2025$25.8M13 Dec 31, 2024−9.5%
Buildings and improvements$69.6M13 Dec 31, 2025$75.5M13 Dec 31, 2024−7.7%
Furniture and fixtures$19.1M13 Dec 31, 2025$19.9M13 Dec 31, 2024−4.1%
Property and equipment, net$62.4M13 Dec 31, 2025$69.9M13 Dec 31, 2024−10.7%
Operating-lease assets (leased space)$7.6M13 Dec 31, 2025$8.1M13 Dec 31, 2024−5.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$324.7M13 Dec 31, 2025$279.2M13 Dec 31, 2024+16.3%
Debt securities available for sale$142.5M13 Dec 31, 2025$152.0M13 Dec 31, 2024−6.2%
Loans, net of allowance$3.5B13 Dec 31, 2025$3.6B13 Dec 31, 2024−1.8%
Deposits held (banks)$3.7B13 Dec 31, 2025$3.8B13 Dec 31, 2024−1.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$34.1M13 Dec 31, 2025$34.1M13 Dec 31, 20240%
Finite-lived intangibles, net$4.8M13 Dec 31, 2025$6.6M15 Dec 31, 2024−26.5%

Properties, in its own words

We maintain our administrative office, which is owned by us, in Asheville, North Carolina. In total, as of December 31, 2025, we have 34 locations in five states, which include: North Carolina (the Asheville metropolitan area, the "Piedmont" region, Charlotte and Raleigh/Cary), South Carolina (Greenville and Charleston), East Tennessee (Kingsport/Johnson City and Morristown), Southwest Virginia (the Roanoke Valley) and Georgia (Greater Atlanta). Of those offices, 8 are leased facilities. We also own an operations center located in Asheville, North Carolina. We lease additional space, which is adjacent to the facility we own in Asheville, for administrative and operations personnel. The lease terms for our branch offices, operations center and other offices are not individually material. Lease expirations range from one to 15 years. In the opinion of management, all properties are adequately covered by insurance, are in a good state of repair and are appropriately designed for their present and future use. See "Note 7 – Premises and Equipment" and "Note 11 – Leases" of the Notes to the Consolidated Financial Statements included in Item 8 of this Form 10-K for additional information.

We maintain depositor and borrower customer files on an online basis, utilizing a telecommunications network, portions of which are leased. Management has a disaster recovery plan in place with respect to the data processing system, as well as our operations as a whole.

Item 2 of the 10-K filed Mar 13, 2026.16

The story

HomeTrust Bank was founded in 1926 as Clyde Building and Loan, in Clyde, North Carolina. Later, the name changed to Clyde Savings and Loan Association, and then Clyde Savings Bank. Ed Broadwell joined the bank in 1965 at age 27, the youngest bank president in the state. The bank had $10 million in assets, and five people worked there. In 1973, the bank bought a block in Asheville and built a new three-story headquarters. Dana Stonestreet, who took over after Broadwell's retirement, said, "They hired more people to open that office than they had in the whole history of the bank." Clyde Savings Bank expanded into Buncombe County and Henderson County. In 2003, the name changed to HomeTrust Bank. By 2010 HomeTrust had two locations in Haywood County, five in Buncombe County and one in Henderson County in North Carolina. In 2013, Broadwell retired after 48 years.

Tryon Federal Bank, started in 1935, had two offices in Polk County, and Shelby Savings Bank, started in 1905, had two offices in Cleveland County.

Rutherford County Bank opened its first office in Forest City in May 2007, at which time it also became part of HomeTrust Banking Partnership.

Home Savings Bank of Rockingham County began June 9, 1909. As of its 100th anniversary in 2009, it had two offices in Eden and one in Reidsville.

Industrial Federal Bank started in 1929. On January 31, 2010, Industrial Federal Bank, with three locations in Davidson County, became part of the HomeTrust Banking Partnership. This gave the partnership 19 offices, and with $1.6 billion in assets, the partnership was the largest mutual bank in the state and the second-largest in the southeastern United States.

Cherryville Federal Savings and Loan in Cherryville joined the partnership later in 2010, adding one location.

As of January 2012, when HomeTrust Bank and its partners announced conversion from mutual to stock. HomeTrust Banking Partnership, if considered one bank, would have been the 11th largest in North Carolina. The formation of HomeTrust Bancshares was also announced at the time. In July 2012 HomeTrust had 20 branches and $1.6 billion in assets.

In 2013, HomeTrust made its first acquisition outside North Carolina, BankGreenville Financial Corp. of Greenville, South Carolina, in a $7.8 million deal.

Read the full text

On January 23, 2014, HomeTrust announced the acquisition of Jefferson Bancshares Inc. of eastern Tennessee, started in 1963, with over $498 million in assets and 12 offices, in a deal worth $51.2 million.

On June 10, 2014, HomeTrust announced it would buy ten Bank of America branches in southwestern Virginia with $504 million in deposits.

In 2016, HomeTrust announced a $31.8 million deal to buy Kingsport, Tennessee–based TriSummit Bank.

On July 26, 2022, HomeTrust said it was buying Quantum Capital Corp., with three branches of Quantum National bank in the Atlanta area and $600 million in assets, in a deal worth $67.6 million. The deal was completed in February 2023.

From Wikipedia’s article on HomeTrust Bancshares, shared under CC BY-SA 4.0.6

Leadership

Who has led HomeTrust Bancshares, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (38)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • HomeTrust Bancshares, Inc. North Carolina7
  • HomeTrust Bank North Carolina7

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 6, 20268-K Other events61
  2. Oct 5, 20268-K Other events62
  3. Aug 17, 20268-K Entered a material agreement; Regulation FD disclosure63
  4. Aug 4, 20268-K Other events64
  5. Jul 23, 20268-K Results of operations; Regulation FD disclosure65
  6. Jul 7, 20268-K Other events66
  7. May 19, 20268-K Executive or director change; Shareholder vote67
  8. May 15, 20268-K Other events68
  9. Apr 23, 20268-K Results of operations; Regulation FD disclosure69
  10. Apr 7, 20268-K Other events70
  11. Feb 11, 20268-K Executive or director change71
  12. Jan 22, 20268-K Results of operations; Regulation FD disclosure; Other events72
  13. Sep 13, 2022New chief executive Hunter Westbrook becomes CEO17
  14. Aug 13, 2014New chief executive Dana L. Stonestreet becomes CEO18
  15. Jul 2, 2012New chief executive F. Edward Broadwell Jr. becomes CEO19
  16. 1926Founded Founded1

Calendar

Coming up

  1. Oct 28, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.95 a share, on Oct 22, 2025.73

When it reported results

  1. Jul 23, 2026Reported quarterly or annual results65
  2. Apr 23, 2026Reported quarterly or annual results69
  3. Jan 22, 2026Reported quarterly or annual results72
  4. Oct 22, 2025Reported quarterly or annual results74
  5. Jul 22, 2025Reported quarterly or annual results75
  6. Apr 24, 2025Reported quarterly or annual results76
  7. Jan 23, 2025Reported quarterly or annual results77
  8. Oct 24, 2024Reported quarterly or annual results78

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

349 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 90 major events, 178 insider forms, 19 large holders, 42 other. The latest 20:

  1. Oct 6, 20268-K EDGAR
  2. Oct 5, 20268-K EDGAR
  3. Oct 2, 2026S-4 EDGAR
  4. Aug 17, 2026425 EDGAR
  5. Aug 17, 20268-K EDGAR
  6. Aug 6, 202610-Q EDGAR
  7. Aug 6, 2026SCHEDULE 13G/A EDGAR
  8. Aug 4, 20268-K EDGAR
  9. Aug 3, 20264 EDGAR
  10. Jul 30, 2026144 EDGAR
  11. Jul 23, 20268-K EDGAR
  12. Jul 14, 2026SCHEDULE 13G EDGAR
  13. Jul 10, 20263 EDGAR
  14. Jul 7, 20268-K EDGAR
  15. Jun 26, 202611-K EDGAR
  16. Jun 3, 20264 EDGAR
  17. Jun 3, 20264 EDGAR
  18. Jun 3, 20264 EDGAR
  19. Jun 3, 20264 EDGAR
  20. Jun 3, 20264 EDGAR

The 349 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

83 open-market trades by officers, directors and large owners since October 2021: 9 buys and 74 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 30, 2026KENDALL LAURA CDirectorSale10,000$51.13$511.3KForm 4
May 27, 2026POWELL KRISTIN Y.EVP, Consumer & BB Group ExecSale1,000$46.78$46.8KForm 4
May 7, 2026Westbrook HunterPresident, CEOSale3,904$46.17$180.2KForm 4
May 6, 2026Westbrook HunterPresident, CEOSale5,074$46.00$233.4KForm 4
May 5, 2026Westbrook HunterPresident, CEOSale31,022$45.81$1.4MForm 4
May 1, 2026Westbrook HunterPresident, CEOSale20,000$45.65$913.0KForm 4
Feb 6, 2026Sprink John Francis IIEVP, Comm Banking Group ExecSale2,000$45.00$90.0KForm 4
Aug 22, 2025POWELL KRISTIN Y.EVP, Consumer & BB Group ExecSale2,000$41.18$82.4KForm 4
Jul 30, 2024Nunley Kevin M.EVP and Chief Credit OfficerBuy600$34.72$20.8KForm 4
Jun 4, 2024Jacobs Dwight L.DirectorBuy545$27.60$15.0KForm 4
Nov 2, 2023Williams Richard TyroneDirectorBuy1,000$21.30$21.3KForm 4
May 19, 2023JAMES ROBERT E.DirectorBuy2,500$20.02$50.0KForm 4
May 12, 2023KENDALL LAURA CDirectorBuy1,000$18.45$18.4KForm 4
May 10, 2023Williams Richard TyroneDirectorBuy1,000$18.40$18.4KForm 4
May 9, 2023Switzer JohnDirectorBuy521$18.78$9.8KForm 4
May 1, 2023Williams Richard TyroneDirectorBuy1,000$20.84$20.8KForm 4
Feb 28, 2023Little R. ParrishEVP, Chief Risk OfficerSale1,026$30.03$30.8KForm 4
Feb 28, 2023Stonestreet Dana L.Executive ChairmanSale22,091$29.61$654.1KForm 4
Feb 21, 2023Little R. ParrishEVP, Chief Risk OfficerSale7,026$29.16$204.8KForm 4
Feb 21, 2023Stonestreet Dana L.Executive ChairmanSale13,000$30.11$391.4KForm 4

All 83 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,677,983$83.7M0.0%+82,450
Dimensional Fund Advisors LP856,611$42.7M0.0%+20,349
FJ Capital Management LLC839,115$41.9M5.4%−715,310
Vanguard Capital Management LLC644,313$32.1M0.0%−38,599
American Century Companies Inc556,442$27.8M0.0%+54,127
State Street Corp462,911$23.1M0.0%+9,033
Renaissance Technologies LLC436,815$21.8M0.0%−29,400
Alliancebernstein L.P.479,582$20.5M0.0%−73,219
Geode Capital Management, LLC366,680$18.3M0.0%+13,919
Nuveen, LLC276,695$13.8M0.0%+246,555
Private Capital Management, LLC248,335$12.4M1.1%+4,250
Vanguard Portfolio Management LLC150,841$7.5M0.0%+27,983
Royce & Associates LP145,431$7.3M0.1%No change
Qube Research & Technologies Ltd137,278$6.8M0.0%+68,400
Northern Trust Corp131,762$6.6M0.0%+5,486
Bridgeway Capital Management, LLC124,651$6.2M0.1%+5,826
Goldman Sachs Group Inc116,145$5.8M0.0%−22,051
Charles Schwab Investment Management Inc114,126$5.7M0.0%−1,257
Polaris Capital Management, LLC107,700$5.4M0.5%+2,700
Morgan Stanley105,959$5.3M0.0%+23,280
Vanguard Fiduciary Trust Co88,752$4.4M0.0%−1,654
Two Sigma Investments, LP82,825$4.1M0.0%+60,512
Empowered Funds, LLC82,151$4.1M0.0%+5,826
Wellington Management Group Llp79,200$4.0M0.0%No change
Salzhauer Michael78,725$3.9M1.4%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How HomeTrust Bancshares is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHomeTrust Bancshares, Inc.2
  • CIK0001538263
  • Employer ID (EIN)45-505542216
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company16
  • Incorporated inMaryland16
  • Fiscal year endsDecember 312
  • Industry code (SIC)6035 Savings Institution, Federally Chartered2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address10 Woodfin Street, Asheville, NC 288012
  • Phone828-259-39392
  • Shares outstanding16,693,180 as of Jul 30, 202612
  • Public float$589.5M as of Jun 30, 202516
  • AuditorCrowe LLP, Chicago, Illinois PCAOB ID 173; it also attests to the company’s internal control over financial reporting16
  • On EDGAR sinceDec 29, 20112
  • Filings938 in all: 4 (369), 8-K (285), 10-Q (43), 3 (43), SC 13G/A (24), 11-K (15), DEF 14A (15), DEFA14A (15)2
    All 44 form types

    10-K (14), SC 13G (11), 4/A (10), 144 (9), 425 (8), ARS (8), SCHEDULE 13G/A (7), UPLOAD (6), CORRESP (5), 424B3 (4), EFFECT (4), S-1/A (4), S-8 (4), 8-K/A (3), PRE 14A (3), S-4 (3), 11-K/A (2), 5 (2), 8-A12B (2), 8-A12G/A (2), NO ACT (2), S-4/A (2), 10-KT (1), 10-Q/A (1), 15-12G (1), 25 (1), 3/A (1), 5/A (1), 8-A12G (1), CERT (1), CERTNAS (1), S-1 (1), S-3 (1), S-3/A (1), SC 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 13, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 7, 2026
    Latest 8-K (8-K) Oct 6, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareHTBThe New York Stock Exchange LLC

From the cover page of the 10-K filed Mar 13, 2026 (Section 12(b) of the Exchange Act).16

Risk factors and legal proceedings

The risks HomeTrust Bancshares names in Item 1A of its 10-K filed Mar 13, 2026: 38 risks under these headings, as written.16

  • Risks Related to Macroeconomic Conditions
  • Adverse economic conditions in the market areas we serve could adversely impact our earnings and could increase the credit risk associated with our loan portfolio.
  • A continued weak economic recovery or recessionary conditions could increase our level of nonperforming assets, lower real estate values and reduce demand for loans, which would result in increased loan losses and lower earnings.
  • Inflationary pressures and rising prices may adversely affect our results of operations and financial condition.
  • Severe weather and other natural disasters, acts of war or terrorism, new public health issues or other adverse external events could harm our business.
  • Risks Related to Lending Activities
  • Our business may be adversely affected by credit risk associated with residential property.
  • High loan-to-value ratios on a portion of our residential mortgage loan portfolio expose us to greater risk of loss.
  • Our non-owner occupied residential real estate loans may expose us to increased credit risk.
  • Our construction and land development loans have a higher risk of loss than residential or commercial real estate loans.
  • Our non-owner occupied and owner occupied commercial real estate loans involve higher principal amounts than other loans and repayment of these loans may be dependent on factors outside our control or the control of our borrowers.
  • The level of our non-owner occupied commercial real estate loan portfolio may subject us to additional regulatory scrutiny.
The other 28 risks
  • Our equipment finance and auto finance lending increases our exposure to lending risks.
  • Repayment of our municipal leases is dependent on fire departments receiving tax revenues from counties/municipalities.
  • Our allowance for credit losses may prove to be insufficient to absorb losses in our loan portfolio.
  • If our nonperforming assets increase, our earnings will be adversely affected.
  • If our repossessed assets are not properly valued or sufficiently reserved to cover actual losses, or if we are required to increase our valuation reserves, our earnings could be reduced.
  • Risks Related to Market Interest Rates
  • Fluctuating interest rates can adversely affect our profitability.
  • We may incur losses on our securities portfolio due to factors beyond our control, including changes in interest rates.
  • Changes in the programs offered by GSEs, our ability to qualify for such programs, and changes in interest rates may affect our gains on sale of loans held for sale, which could negatively impact our noninterest income.
  • Risks Related to Acquisition Activities
  • Our strategy of pursuing acquisitions exposes us to financial, execution and operational risks that could adversely affect us.
  • The required accounting treatment of loans we acquire through acquisitions, including purchased financial assets with credit deterioration, could result in higher net interest margins and interest income initially and lower net interest margins and interest income in future periods.
  • We may experience future goodwill impairment, which could reduce our earnings.
  • Risks Related to Regulation
  • We operate in a highly regulated environment and may be adversely affected by changes in federal and state laws and regulations.
  • Non-compliance with the USA PATRIOT Act, Bank Secrecy Act or other laws and regulations could result in fines or sanctions and limit our ability to get regulatory approval of acquisitions or other activities.
  • Our framework for managing risks may not be effective in mitigating risk and loss to us.
  • Risks Related to Cybersecurity, Data and Fraud
  • We are subject to certain risks in connection with our use of technology.
  • Our security measures may not be sufficient to mitigate the risk of a cyber attack.
  • Security breaches in our internet banking activities could further expose us to possible liability and damage our reputation.
  • Our current and future use of artificial intelligence ("AI") and other emerging technologies may create additional risks.
  • Our business may be adversely affected by an increasing prevalence of fraud and other financial crimes.
  • Risks Related to Our Business and Industry Generally
  • Ineffective liquidity management could adversely affect our financial results and condition.
  • Competition with other financial institutions could adversely affect our profitability.
  • Our ability to retain and recruit key management personnel and bankers is critical to the success of our business strategy and any failure to do so could impair our customer relationships and adversely affect our business and results of operations.
  • The financial services market is undergoing rapid technological changes, and if we are unable to stay current with those changes, we will not be able to effectively compete.
  • We rely on other companies to provide key components of our business infrastructure.
  • As a community bank, maintaining our reputation in our market areas is critical to the success of our business, and the failure to do so may materially adversely affect our performance.
  • Our growth or future losses may require us to raise additional capital in the future, but that capital may not be available when it is needed or the cost of that capital may be very high.
  • We rely on dividends from the Bank for substantially all of our revenue at the holding company level.
  • Scrutiny and evolving expectations from customers, regulators, investors and other stakeholders with respect to our environmental, social and governance practices may impose additional costs on us or expose us to new or additional risks.

Legal proceedings

The "Litigation" section of “Note 17 – Commitments and Contingencies” of the Notes to Consolidated Financial Statements included in Item 8 of this Form 10-K is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.16

Sources

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  65. 65
  66. 66
    SEC EDGAROther events
  67. 67
  68. 68
    SEC EDGAROther events
  69. 69
  70. 70
    SEC EDGAROther events
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84