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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), the parent company of Home Bank, N.A., has announced plans to release its 2023 second quarter earnings after market close on Monday, July 17, 2023. The company will host a conference call to discuss the results on Tuesday, July 18, 2023, at 10:30 a.m. CDT.
President and CEO John W. Bordelon and Senior Executive VP and CFO David T. Kirkley will lead the discussion on the company's second quarter performance. Investors can join the call by dialing 1.848.488.9160 (US Local/International) or 1.877.550.1858 (US Toll Free) with the conference ID 1754341.
The earnings release and investor presentation will be available on the company's Investor Relations page. A replay of the call and transcript will also be posted on the same page after the event.
Home Bancorp, Inc. (HBCP) reported net income of $11.3 million or $1.39 per diluted share for Q1 2023, a rise from $10.8 million in Q4 2022. Total loans increased to $2.5 billion, reflecting a 1.5% growth since December 31, 2022. The bank's net interest income stood at $31.6 million, down 5% from the previous quarter, with a net interest margin decreasing to 4.18%. The allowance for loan losses rose to $30.1 million, representing 1.22% of total loans. Nonperforming assets increased to $11.3 million, or 0.35% of total assets. Total deposits fell by 3% to $2.6 billion. Shareholders' equity increased by 5% to $345.1 million as of March 31, 2023, with a quarterly dividend declared at $0.25 per share.
Home Bancorp, Inc. (HBCP) reported a net income of $10.8 million or $1.32 per diluted share for Q4 2022, reflecting a sequential increase. Total loans reached $2.4 billion, up 6% from Q3 2022, with a significant 22% annualized growth excluding PPP loans. The net interest margin (NIM) improved to 4.38%, driven by a 4% rise in net interest income to $33.3 million. However, total deposits decreased by 4% to $2.6 billion. The company declared a quarterly dividend of $0.25 per share and repurchased shares under its ongoing repurchase plans.
Home Bancorp, Inc. (HBCP) reported a net income of $10.4 million, or $1.28 per diluted share, for Q3 2022, increasing by $2.0 million from the previous quarter. The company reported a 4% increase in total loans to $2.3 billion, with organic loans up 15% annually. Net interest income rose 9% to $32.0 million, while the net interest margin improved by 35 basis points to 4.11%. However, total deposits fell by 6% to $2.7 billion. The company declared a quarterly cash dividend of $0.24 per share, payable on November 10, 2022.
Home Bancorp, Inc. (HBCP) will announce its third quarter 2022 financial results on October 18, 2022, at 7 AM CST. Headquartered in Lafayette, Louisiana, Home Bank operates 43 locations throughout South Louisiana, Western Mississippi, and Houston, Texas. The upcoming release is highly anticipated as it may provide insights into the company's performance amid ongoing economic uncertainties. Investors should watch for key metrics such as earnings, revenue, and guidance to inform future investment decisions.
Home Bancorp, Inc. (HBCP) reported a strong second quarter of 2022 with net income reaching $8.5 million or $1.03 per diluted share, up from $4.4 million or $0.53 in Q1 2022. The company experienced a 3% increase in total loans, amounting to $2.2 billion, and a 24% rise in net interest income to $29.2 million. The net interest margin improved to 3.76%.
Home Bancorp successfully completed the data conversion of Texan Bank's systems while issuing $55 million in subordinated notes. A dividend of $0.23 per share was declared.
Home Bancorp, Inc. (HBCP) announced the completion of a private placement of $55.0 million in 5.75% Fixed-to-Floating Rate Subordinated Notes due 2032. These unsecured notes will pay a fixed interest for the first five years, after which the rate will float based on the three-month SOFR plus 282 basis points. Proceeds will be used for general corporate purposes, including capital enhancement, share repurchases, and potential M&A. The offering is structured to qualify as Tier 2 capital.
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