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.
On September 29, 2021, Home Bancorp, Inc. (HBCP) announced the appointment of Donald W. Washington to its Board of Directors, effective October 15, 2021. Washington's previous experience includes serving as the 11th Director of the United States Marshals Service and as a member of Home Bancorp's board from June 2016 until March 2019. His extensive background includes leadership roles in both legal and governmental sectors. Home Bancorp's leadership expressed optimism about Washington's return, highlighting his reputation for leading high-performing teams and commitment to shareholder value.
Home Bancorp (Nasdaq: HBCP) announced the appointment of J. Scott Ballard to its Board of Directors, effective September 1, 2021. Ballard, founder and CEO of Ballard Hospitality, brings extensive leadership experience and a successful business background. The Chairman, John W. Bordelon, expressed optimism about Ballard's ability to contribute to the company's goals and enhance shareholder value. Home Bank, established in 1908, operates 40 locations across South Louisiana and Mississippi, focusing on community service and personal banking.
Home Bancorp (HBCP) reported a net income of $11.4 million or $1.34 per diluted share for Q2 2021, reflecting a 4% decrease from the previous quarter. The company reversed $3.4 million from its loan loss allowance, indicating improved credit quality. Nonperforming assets decreased to 0.55% of total assets. Deposits rose to $2.4 billion, up 2% quarter-over-quarter. Additionally, a quarterly dividend of $0.23 per share was declared, payable on August 20, 2021.
Home Bancorp, Inc. (HBCP) reported a strong financial performance for Q1 2021, with net income rising to $11.9 million or $1.41 per diluted share, a 13% increase from the previous quarter. Key factors included improved credit quality, increased loan sales due to low interest rates, and a $1.7 million reversal of loan loss provisions. The company originated $111.5 million in PPP loans, reinforcing its strong capital position despite ongoing economic challenges.
The Board declared a dividend of $0.23 per share, payable on May 21, 2021.
Home Bancorp, Inc. (HBCP) reported a 32% increase in net income for Q4 2020, totaling $11.6 million or $1.36 per diluted share, up from $8.8 million in Q3 2020. The bank's assets rose to $2.59 billion, with total loans at $2.0 billion, reflecting a 1% increase. The company declared a quarterly cash dividend of $0.22 per share, payable on February 19, 2021. Loan deferrals decreased significantly to $36 million, indicating improved credit quality. Additionally, nonperforming assets fell by 20% to $20 million.
Home Bancorp, Inc. (HBCP) has promoted David T. Kirkley to Chief Financial Officer, effective immediately. Kirkley joined Home Bank in May 2012 as Treasurer and has previously held roles at Iberiabank. He holds both a finance degree and an MBA from the University of Louisiana, along with being a Chartered Financial Analyst. Chairman John W. Bordelon expressed confidence in Kirkley's financial and strategic expertise, highlighting his importance in the bank's growth strategy. Home Bank has been serving South Louisiana and Mississippi markets since 1908.
Home Bancorp, Inc. (HBCP) reported a significant increase in net income for Q3 2020, totaling $8.8 million or $1.01 per diluted share, up 252% from the previous quarter. The bank's total loans decreased slightly to $2.0 billion, with a notable increase in commercial real estate loans. The company announced a quarterly dividend of $0.22 per share, payable on November 20, 2020. The allowance for loan losses remained steady at 1.69% of total loans, and nonperforming assets were reduced to 0.96% of total assets.
Home Bancorp, Inc. (HBCP) announced a new share repurchase plan allowing the buyback of up to 444,000 shares, representing approximately 5% of its outstanding common stock. This repurchase plan will commence following the completion of the 2019 Repurchase Plan, under which 21,063 shares remain. The plans have no specified price targets and can be executed in the open market or through private transactions, with no time limit on their execution.
Home Bancorp, Inc. (HBCP) reported second quarter 2020 net income of $2.5 million, up from $1.9 million in Q1. The Company funded approximately 2,970 Paycheck Protection Program loans totaling $260.2 million, helping borrowers mitigate COVID-19 impacts. Total loans grew by $226.8 million due primarily to PPP loans. However, noninterest income declined by 8%, and the net interest margin decreased to 3.75% from 4.18%. A quarterly cash dividend of $0.22 is payable on August 21, 2020. Total deposits increased by $409.2 million, reflecting strong customer support.