Home Bancorp Inc Stock Price, News & Analysis

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.

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.