Sector: Financials
HOMETRUST BANCSHARES INC · Meeting: May 18, 2026
Directors FOR
3
Directors AGAINST
0
Say on Pay
FOR
Auditor
FOR
Election of Three Directors
Cureton joined the board in May 2024, which is within the 24-month new-director exemption window, so the TSR performance trigger does not apply; he brings relevant banking and healthcare industry experience.
Jacobs joined the board in May 2024, which is within the 24-month new-director exemption window, so the TSR performance trigger does not apply; he brings strong finance, accounting, and risk management credentials.
HTB's 3-year stock return of +86.7% outpaced the community bank benchmark QABA (First Trust NASDAQ ABA Community Bank Index) by +33.1 percentage points, well below the 65-point threshold required to trigger a negative vote for a strong-positive TSR company; Neelagaru also brings relevant banking experience as founder of Quantum National Bank.
All three nominees pass the TSR and qualifications screens: Cureton and Jacobs are exempt from the TSR trigger as recent joiners (May 2024, within 24 months), and Neelagaru clears the bar because HTB's strong 3-year outperformance of the QABA benchmark (+33.1pp) falls well short of the 65pp threshold needed to trigger a negative vote. No overboarding, attendance, independence, or familial relationship concerns were identified for any nominee.
CEO
C. Hunter Westbrook
Total Comp
$1,487,191
Prior Support
97%%
CEO total compensation of $1,487,191 is reasonable for a community bank CEO at a ~$766M market cap company, and prior-year shareholder support was an overwhelming 97%, indicating broad satisfaction with the pay program. The pay mix is appropriately weighted toward variable compensation — more than half of the CEO's long-term equity awards are performance-based stock units tied to a three-year financial metric, and annual cash incentives require minimum performance hurdles before any payout is earned. HTB's 3-year stock return of +86.7% substantially outperformed the community bank benchmark QABA (First Trust NASDAQ ABA Community Bank Index) by +33.1 percentage points, meaning above-target incentive payouts are well-supported by actual shareholder returns; the company also maintains a meaningful clawback policy and double-trigger change-in-control provisions.
Auditor
Crowe LLP
Tenure
N/A
Audit Fees
$658,849
Non-Audit Fees
$0
Crowe LLP is a large national firm appropriate for a company of HTB's size (~$766M market cap); for fiscal year 2025 (the most recent completed year under Crowe), non-audit fees were $0 against audit fees of $658,849, giving a non-audit ratio of 0%, well below the 50% threshold; tenure is not disclosed but the trigger requires confirmed data to fire, so no negative flag is raised on that basis.
HomeTrust Bancshares' 2026 annual meeting presents a clean ballot with no significant governance concerns: all three director nominees pass the TSR, qualifications, and independence screens, and Crowe LLP's ratification is straightforward with zero non-audit fees. The Say on Pay program earns support on the strength of 97% prior-year approval, appropriate pay-for-performance alignment backed by strong outperformance of the QABA community bank benchmark, and a well-structured mix of performance-based and time-vested equity awards.
