STOCK TITAN

Home Bancorp, Inc. - HBCP STOCK NEWS

Welcome to our dedicated page for Home Bancorp news (Ticker: HBCP), a resource for investors and traders seeking the latest updates and insights on Home Bancorp stock.

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.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.86%
Tags
dividends
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.9%
Tags
dividends
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.24%
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.54%
Tags
none
Rhea-AI Summary

Home Bank and the Federal Home Loan Bank of Dallas awarded $16,000 to the New Orleans Neighborhood Development Foundation (NDF) to support low- to moderate-income individuals in building wealth through homeownership. The grant was presented on October 26, with NDF's Rosalind Washington noting pandemic-related funding challenges. The partnership enhances community development, with FHLB Dallas distributing over $600,000 in Partnership Grant Program funds across Louisiana and surrounding states in 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.54%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.54%
Tags
partnership
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
buyback dividends
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
none

FAQ

What is the current stock price of Home Bancorp (HBCP)?

The current stock price of Home Bancorp (HBCP) is $50.13 as of December 4, 2024.

What is the market cap of Home Bancorp (HBCP)?

The market cap of Home Bancorp (HBCP) is approximately 404.9M.

What is Home Bancorp, Inc.?

Home Bancorp, Inc. (Nasdaq: HBCP) is the parent company for Home Bank, N.A., a national bank headquartered in Lafayette, Louisiana.

Where does Home Bank operate?

Home Bank operates from 42 full-service banking locations across South Louisiana, Natchez, Mississippi, and Houston, Texas.

What are the main services provided by Home Bank?

Home Bank offers a range of services including deposit products, 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.

How did Home Bancorp perform in the first quarter of 2024?

In the first quarter of 2024, Home Bancorp reported net income of $9.2 million and loan growth, with total loans reaching $2.6 billion.

Who leads Home Bancorp, Inc.?

John W. Bordelon is the President and Chief Executive Officer of Home Bancorp, Inc. and Home Bank, N.A.

When was Home Bancorp, Inc. established?

Home Bancorp, Inc. became the holding company for Home Bank in October 2008 following Home Bank's mutual to stock conversion.

What is the tangible common equity ratio of Home Bancorp?

At the end of 2023, Home Bancorp had a tangible common equity ratio of 8.7%.

How can investors get more information about Home Bancorp?

Investors can visit Home Bancorp's Investor Relations page at https://home24bank.investorroom.com for detailed financial data and updates.

What is the main strategy of Home Bancorp for future growth?

Home Bancorp focuses on leveraging customer relationships, enhancing banking technology, and maintaining strong financial health to sustain growth and stability.

What is Home Bank's historical significance?

Chartered in 1908 as Home Building and Loan, Home Bank has a long history of serving its customers with stability and dedication, evolving to meet modern banking needs.

Home Bancorp, Inc.

Nasdaq:HBCP

HBCP Rankings

HBCP Stock Data

404.85M
6.90M
14.55%
47.01%
0.53%
Banks - Regional
Savings Institutions, Not Federally Chartered
Link
United States of America
LAFAYETTE