Home Bancorp Inc Stock Price, News & Analysis

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.

Home Bancorp (HBCP) reported Q1 2022 net income of $4.4 million, or $0.53 per diluted share, down from $10.2 million, or $1.23 per diluted share in Q4 2021. The acquisition of Friendswood Capital added $415.8 million in assets and $368.0 million in deposits. Net interest income was $23.5 million, a decrease of 5% from the previous quarter. A $3.2 million provision for loan losses was recorded, influenced by the acquisition. The company declared a quarterly cash dividend of $0.23 per share, payable on May 20, 2022.

Home Bancorp, Inc. (HBCP) has successfully completed its acquisition of Friendswood Capital Corporation, the parent company of Texan Bank, enhancing its presence in Texas. The merger, valued at $66.5 million with shareholders receiving $15.34 per share, results in combined assets of approximately $3.2 billion. Home Bancorp expects over 20% accretion to earnings per share post-integration, with strong capital ratios of 8.5% leverage and 13.1% total risk-based capital. The transition of Texan Bank's systems to Home Bank is scheduled for June 2022.

Home Bancorp Inc. (HBCP) reported a net income of $10.2 million ($1.23 per diluted share) for Q4 2021, down from $15.1 million ($1.79) in Q3 2021. Key highlights include a 32% decline in net income, driven by lower PPP loan interest income and absence of life insurance benefits. Total loans stood at $1.8 billion, a decrease of 2% from Q3 2021. The company announced a quarterly cash dividend of $0.23 per share, payable on February 18, 2022. The acquisition of Friendswood Capital is on track to close in Q1 2022.

Home Bancorp (HBCP) has signed a definitive Merger Agreement to acquire Friendswood Capital Corporation for $15.34 per share in cash, totaling approximately $66.6 million. This strategic acquisition will expand Home Bancorp's footprint into Texas, enhancing its community banking services in the Houston region. Following the merger, the combined company will boast around $3.2 billion in assets and $2.7 billion in deposits. The transaction, unanimously approved by both boards, is expected to close in Q1 2022 and is projected to be over 20% accretive to earnings per share after synergies are realized.

Home Bank and the Federal Home Loan Bank of Dallas have awarded $10,000 to Mountain of Faith Ministries in Vicksburg, Mississippi, through the Partnership Grant Program. This marks the second time in three years that the nonprofit has received PGP funds, crucial for its operational costs in running shelters for homeless women and children. In 2021, FHLB Dallas distributed $400,000 in PGP grants, impacting five states with a total exceeding $600,000.

Home Bank and the Federal Home Loan Bank of Dallas have awarded Crescent City Community Land Trust (CCCLT) $8,000 in Partnership Grant Program funds. These funds will assist in operational expenses and support CCCLT's mission to provide affordable housing for low- to moderate-income residents in New Orleans. Executive Director Julius Kimbrough Jr highlighted that the grant will help cover closing costs for first-time homebuyers, making homeownership more accessible. The total impact of 2021 PGP grants exceeded $600,000 across five states.