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Home Bancorp, Inc. (Nasdaq: HBCP) is the parent company for Home Bank, N.A., a prominent national bank headquartered in Lafayette, Louisiana. Founded in 1908 as Home Building and Loan, Home Bank has earned a reputation as a stable financial institution dedicated to its customers. Offering a comprehensive range of deposit and loan products, Home Bank operates from 42 full-service banking locations across South Louisiana, Natchez, Mississippi, and Houston, Texas.
Home Bancorp, Inc., which became the holding company for Home Bank in October 2008 following a mutual to stock conversion, attracts deposits from the public and utilizes these funds to invest in a variety of loans and securities. The company’s primary operations include originating one-to-four-family first mortgage loans, home equity loans and lines, commercial real estate loans, construction and land loans, multi-family residential loans, commercial and industrial loans, and consumer loans. Their main sources of funds include customer deposits, loan repayments, investment repayments, and borrowings from institutions like the Federal Home Loan Bank of Dallas.
Recent financial data indicates that Home Bancorp reported net income of $9.2 million for the first quarter of 2024, reflecting a slight decrease from the previous quarter. The company also observed loan growth, with total loans reaching $2.6 billion. Despite economic fluctuations, Home Bank has maintained strong credit quality and capital levels, with a tangible common equity ratio of 8.7% at the end of 2023.
Home Bancorp's strategic initiatives include leveraging customer relationships to retain deposits while navigating increased interest rates. Innovations in banking technology and commitment to customer service remain at the forefront of their operations. The company's investment securities portfolio, primarily pledged to secure public deposits, totaled $422.9 million as of March 31, 2024, demonstrating a proactive approach to liquidity management.
Under the leadership of John W. Bordelon, President and CEO, Home Bancorp continues to thrive, delivering consistent performance and robust financial results. The company's dedication to relationship banking has been pivotal in sustaining its growth and stability. As Home Bancorp looks to the future, its focus remains on expanding market share, enhancing customer experiences, and maintaining financial strength. For more detailed financial data and updates, investors are encouraged to visit Home Bancorp’s Investor Relations page.
Home Bancorp, Inc. (Nasdaq: HBCP) announced its Q3 2024 results, reporting a net income of $9.4 million, or $1.18 per diluted share, up from $8.1 million, or $1.02 per share, in Q2 2024. The company's net interest margin increased to 3.71%, and deposits rose by $54.6 million to $2.8 billion. Loans also saw a slight increase to $2.7 billion. Nonperforming assets grew to $18.4 million, representing 0.53% of total assets. The allowance for loan losses was provisioned at $140,000, down from $1.3 million in the previous quarter. Net loan charge-offs decreased to $74,000 from $510,000. Investment securities holdings increased to $421.8 million, with a reduced net unrealized loss position of $32.2 million. Shareholders' equity rose to $393.5 million, and the company announced a 4% increase in its quarterly dividend to $0.26 per share, payable on November 8, 2024. The company repurchased 24,473 shares at an average price of $38.50 during the quarter.
Home Bancorp, Inc. (Nasdaq: HBCP), the parent company of Home Bank, N.A., has announced its plans to release its 2024 third quarter earnings after the market closes on Thursday, October 17, 2024. The company will host a conference call to discuss the results on Friday, October 18, 2024, at 10:30 a.m. CDT.
Chairman, President and CEO John W. Bordelon and Senior Executive VP and CFO David T. Kirkley will lead the discussion on the company's third quarter performance. Investors can join the call by dialing 1.646.357.8785 (U.S. Local/International Toll Free) or 1.800.836.8184 (U.S. Toll Free) with the conference ID 37553. Participants are advised to dial in 10 minutes before the call starts.
The earnings release, investor presentation, call replay, and transcript will be available on the company's Investor Relations page at https://home24bank.investorroom.com.
Home Bancorp (Nasdaq: HBCP) released its Q2 2024 results on July 17, 2024. Net income for the quarter was $8.1 million or $1.02 per diluted share, down from $9.2 million or $1.14 EPS in Q1 2024. Loans grew by 1.5% to $2.7 billion, and the net interest margin rose slightly to 3.66%. However, nonperforming assets decreased by 22% to $17.0 million, and the provision for loan losses increased significantly to $1.3 million. The company declared a quarterly dividend of $0.25 per share payable on August 9, 2024. Shareholders' equity grew to $375.8 million. A conference call will be hosted on July 18, 2024, at 10:30 a.m. CDT to discuss the results.
Home Bancorp, Inc. (Nasdaq: HBCP) and its subsidiary Home Bank, N.A. have promoted Natalie B. Lemoine and John J. Zollinger, IV to Senior Executive Vice Presidents. Lemoine, who joined in 2015, serves as Chief Administrative Officer, overseeing human resources, communications, marketing, community development, and HB Financial Wealth Management. Zollinger, with the bank since 2010, is Chief Banking Officer, leading commercial banking, treasury management, and mortgage operations across seven regions in South Louisiana, Natchez, Mississippi, and Greater Houston. He also supervises SBA and Government Guaranteed Lending.
Both executives have strong educational backgrounds and are actively involved in community service. President and CEO John W. Bordelon praised their leadership, vision, and integrity as key drivers of the company's success and strategic growth.
Home Bancorp, parent company of Home Bank, will release its Q2 2024 earnings on July 17, 2024, after market close. The earnings report and investor presentation will be available on the Investor Relations page of their website.
A conference call will be held on July 18, 2024, at 10:30 a.m. CDT, where CEO John W. Bordelon and CFO David T. Kirkley will discuss the results. Interested parties can join the call by dialing provided numbers and using conference ID 45222. Replay and transcript will be available on the company's website.
Home Bancorp (Nasdaq: HBCP) announces the appointment of Mark C. Herpin as Senior Executive Vice President and Chief Operations Officer, effective May 30, 2024. Herpin brings over 20 years of banking experience and has held key positions in technology, finance, and mergers and acquisitions at First Horizon (IBERIABANK). He specializes in data solutions, having served as Senior Vice President and Director of Strategic Data Solutions. John Bordelon, President and CEO, lauds Herpin's leadership and banking expertise. Herpin holds an MBA from the University of Louisiana at Lafayette, is a Certified Public Accountant, and has multiple certifications in technology and management. He is also active in community service.
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