Home Bancorp adopts new retirement agreements for three executive officers

Home Bancorp , Inc. (NASDAQ:HBCP) announced that on Monday its subsidiary, Home Bank, N.A., entered into salary continuation agreements with executive officers Natalie B. Lemoine, Mark C. Herpin, and John J. Zollinger, IV. The agreements were approved by the bank’s board of directors, according to a statement issued in a press release and filed with the Securities and Exchange Commission.

Under the terms of the agreements, each executive will be eligible for a retirement benefit of $125,000 per year, provided they remain employed with the bank until age 67. The benefit will be paid in equal monthly installments over a period of 10 years. Vesting for the retirement benefit will occur at a rate of 10% per year over ten years, based on each executive’s most recent appointment date as a senior executive officer. This move comes as Home Bancorp demonstrates strong financial performance, with InvestingPro data showing consistent dividend growth for 11 consecutive years and a healthy P/E ratio of 10.84.

If an executive retires early, the bank will pay the vested portion of the benefit in a lump sum on the first day of the month following separation from service. In the event of a separation from service within three months prior to or twelve months following a change in control of the bank, and before reaching age 65, the executive will receive the greater of their accrued benefit as of the end of the preceding year or $300,000. This amount will also be paid in a lump sum following separation.

The company stated that the terms of these salary continuation agreements are substantially identical to existing agreements with other senior executive vice presidents, except for differences in retirement age and vesting schedule.

This information is based on a press release statement included in Home Bancorp’s Form 8-K filing with the SEC.

In other recent news, Home Bancorp Inc reported impressive second-quarter earnings for 2025, surpassing analysts’ forecasts. The company achieved an earnings per share of $1.45, outpacing the expected $1.22, resulting in an 18.85% surprise. Additionally, Home Bancorp’s revenue reached $37.1 million, exceeding the anticipated $35.77 million. These developments highlight the company’s strong financial performance in the recent quarter. While the earnings call transcript did not mention any mergers or acquisitions, the focus remained on the robust earnings results. Analyst firms had projected lower figures, making the actual results notable for investors. The recent earnings announcement is a key point of interest for those following Home Bancorp’s financial trajectory.

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