HomeTrust Bancshares Inc. increased the total compensation of its chief executive office by 46 percent increase during the 2017 fiscal year, according to a filing Monday with the Securities and Exchange Commission.
Dana Stonestreet received $1,468,716 in total compensation during the year, up from $1,021,955 during fiscal 2016. The Asheville-based company’s fiscal year ends June 30.
Stonestreet’s base salary increased 5.2 percent to $483,117 from $459,103 during the year. His change in pension value and nonqualified deferred compensation earnings almost tripled to $611,266 from $299,150.
During the 2017 fiscal year, the company reported earnings of $17.1 million, a 39.9 percent increase for the year.
Stonestreet has been CEO since 2013, and served as president and chief operating officer since July 2012.
Prior to its merge with HomeTrust Bank, N.A., Stonestreet served as president and chief operating officer since 2008 and 2003. Stonestreet joined the company in 1989.
Hunter Westbrook, the company’s executive vice president and chief banking officer, received a 155 percent increase in total compensation to $1,132,505 in the 2017 fiscal year from $449,039 in the 2016 fiscal year.
Westbrook has served as chief banking officer since 2012.
HomeTrust Bancshare is a bank holding company with 43 branches and is the parent company of seven community banks.
The company’s annual meeting will be held Nov. 27 in Asheville.
HomeTrust’s shares closed Monday at $26.15, up 8 cents.

