Home Bancorp Inc - HBCP STOCK NEWS

Natchez-Adams County Habitat for Humanity received a $10,000 grant from Home Bank and Federal Home Loan Bank of Dallas (FHLB Dallas) to cover operational costs including administration, accounting, and insurance.

Founded in 1991, the organization aims to eliminate substandard housing in Natchez and Adams counties. The grant is crucial due to decreased donations amid rising construction costs.

In 2021, FHLB Dallas awarded $400,000 in grants across multiple states, demonstrating strong community investment.

Home Bancorp, Inc. (HBCP) reported a net income of $15.1 million for Q3 2021, up 32% from the previous quarter. This equates to $1.79 EPS versus $1.34 EPS in Q2 2021. The reversal of $2.4 million in loan loss provisions reflects improved economic conditions, despite challenges from COVID-19 and Hurricane Ida. Total loans decreased 2% on a reported basis but grew 14% annually excluding forgiven PPP loans. The company declared a quarterly dividend of $0.23 per share and initiated a share repurchase plan for up to 430,000 shares.

Home Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $6,000 to Fathers on a Mission (FOAM) on Monday. FOAM will utilize the funds to enhance its community programs aimed at supporting fathers and father figures in Baton Rouge, Louisiana. The executive director emphasized that such funding is crucial to avoid program cuts that would negatively impact the community. In 2021, FHLB Dallas allocated $400,000 in grants to various organizations, significantly contributing to community development.

On September 29, 2021, Home Bancorp, Inc. (HBCP) announced the appointment of Donald W. Washington to its Board of Directors, effective October 15, 2021. Washington's previous experience includes serving as the 11th Director of the United States Marshals Service and as a member of Home Bancorp's board from June 2016 until March 2019. His extensive background includes leadership roles in both legal and governmental sectors. Home Bancorp's leadership expressed optimism about Washington's return, highlighting his reputation for leading high-performing teams and commitment to shareholder value.

Home Bancorp (Nasdaq: HBCP) announced the appointment of J. Scott Ballard to its Board of Directors, effective September 1, 2021. Ballard, founder and CEO of Ballard Hospitality, brings extensive leadership experience and a successful business background. The Chairman, John W. Bordelon, expressed optimism about Ballard's ability to contribute to the company's goals and enhance shareholder value. Home Bank, established in 1908, operates 40 locations across South Louisiana and Mississippi, focusing on community service and personal banking.

Home Bancorp (HBCP) reported a net income of $11.4 million or $1.34 per diluted share for Q2 2021, reflecting a 4% decrease from the previous quarter. The company reversed $3.4 million from its loan loss allowance, indicating improved credit quality. Nonperforming assets decreased to 0.55% of total assets. Deposits rose to $2.4 billion, up 2% quarter-over-quarter. Additionally, a quarterly dividend of $0.23 per share was declared, payable on August 20, 2021.

Home Bancorp, Inc. (HBCP) reported a strong financial performance for Q1 2021, with net income rising to $11.9 million or $1.41 per diluted share, a 13% increase from the previous quarter. Key factors included improved credit quality, increased loan sales due to low interest rates, and a $1.7 million reversal of loan loss provisions. The company originated $111.5 million in PPP loans, reinforcing its strong capital position despite ongoing economic challenges.

The Board declared a dividend of $0.23 per share, payable on May 21, 2021.

Home Bancorp, Inc. (HBCP) reported a 32% increase in net income for Q4 2020, totaling $11.6 million or $1.36 per diluted share, up from $8.8 million in Q3 2020. The bank's assets rose to $2.59 billion, with total loans at $2.0 billion, reflecting a 1% increase. The company declared a quarterly cash dividend of $0.22 per share, payable on February 19, 2021. Loan deferrals decreased significantly to $36 million, indicating improved credit quality. Additionally, nonperforming assets fell by 20% to $20 million.

Home Bancorp, Inc. (HBCP) has promoted David T. Kirkley to Chief Financial Officer, effective immediately. Kirkley joined Home Bank in May 2012 as Treasurer and has previously held roles at Iberiabank. He holds both a finance degree and an MBA from the University of Louisiana, along with being a Chartered Financial Analyst. Chairman John W. Bordelon expressed confidence in Kirkley's financial and strategic expertise, highlighting his importance in the bank's growth strategy. Home Bank has been serving South Louisiana and Mississippi markets since 1908.