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 holding company for Home Bank, N.A., a federally chartered, community-oriented bank headquartered in Lafayette, Louisiana. The bank traces its origins to 1908 and is described as the oldest financial institution founded in Lafayette Parish, with operations in South Louisiana, Natchez, Mississippi, and the Greater Houston area, including a Commercial Banking Office in North Houston.
This news page aggregates company-issued updates and related coverage about Home Bancorp and its banking subsidiary. Readers can follow quarterly earnings announcements, where the company reports net income, loan and deposit trends, net interest margin, credit quality metrics, and capital levels. These releases often highlight changes in nonperforming assets, provisions to the allowance for loan losses, and the composition of the loan and investment securities portfolios.
News items also include declarations of quarterly cash dividends on the company’s common stock, information about dividend increases, and details on share repurchase activity under authorized repurchase plans. In addition, Home Bancorp regularly announces upcoming earnings release dates and investor conference calls, providing dial-in information for analysts and investors who wish to hear management discuss financial results and market conditions in the company’s core regions.
Because Home Bancorp operates in the savings institutions segment of the Finance and Insurance sector, its news flow is particularly relevant for those tracking community and regional banking performance, loan growth in residential and commercial real estate, and deposit trends among individuals, small businesses, and public funds. Investors and researchers can use this page as a centralized view of the company’s recent public communications and financial updates.
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
Home Bank and the Federal Home Loan Bank of Dallas have awarded Crescent City Community Land Trust (CCCLT)
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.
Natchez-Adams County Habitat for Humanity received a
Founded in 1991, the organization aims to eliminate substandard housing in
In 2021, FHLB Dallas awarded
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.