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Home Bancorp, Inc. reports recurring developments for a Louisiana bank holding company and the parent of Home Bank, N.A., a federally chartered, community-oriented bank founded in Lafayette, Louisiana. Company news centers on quarterly earnings, dividend declarations, loan and deposit activity, net interest margin, funding costs, credit quality, investment securities and capital strength.
Coverage also reflects Home Bank's operating footprint in South Louisiana, Natchez, Mississippi, and the Greater Houston area, including branch and commercial banking expansion. The bank's lending activity includes residential mortgage, home equity, commercial real estate, construction and land, multifamily, commercial and industrial, and consumer loans funded primarily by deposits and borrowings.
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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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.