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. 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, 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.