Asheville-based HomeTrust Bancshares reports that it remained functionally operational throughout the storm and that its banking locations received only minimal damage from Hurricane Helene.
Although the full impact of the storm remains unknown, HomeTrust Bank will be able to serve its employees and customers, it said in a Form 8-K filing with the SEC on Thursday.
“Our thoughts and prayers are with the many families and businesses impacted by the devastating flooding,” said CEO C. Hunter Westbrook. “We want to assure everyone affected of our firm commitment to work with you to provide the banking support needed for your home, your business and our great communities. In addition, the teamwork and dedication of our employees have been tremendous as they restored bank operations while tending to their personal and familial responsibilities. We are also humbled by the support, supplies and outreach from other banks throughout the Southeast.”
HomeTrust has communicated with and confirmed the safety of all its employees, as well as assessed all its banking locations, according to the filing. All but three of its 36 locations have at least drive-through banking available. With utilities and communications still unstable, particularly in its home base of western North Carolina, HomeTrust asks customers to refer to its website at www.htb.com/hurricane-helene for updates and service availabilities.
HomeTrust Bancshares, the holding company for HomeTrust Bank, had assets of $4.7 billion as of June 30, 2024. The bank, founded in 1926, has locations in North Carolina, South Carolina, east Tennessee, southwest Virginia and Georgia.
HomeTrust closed Thursday at $31.94, down 43 cents or 1.33%. Its stock has traded between $19.37 and $36.79 in the past year. Its stock is up almost 25% in the last six months, despite being down more than 6% in the last five days as of Thursday’s closing. It has a market capitalization of almost $559 million.
The N.C. Commissioner of Banks ranks HomeTrust sixth in size based on assets for N.C. state-chartered commercial and savings banks.