Home Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
April 17, 2024 at 05:14 pm EDT
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Home Bancorp, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net interest income was USD 28.9 million compared to USD 31.6 million a year ago. Net income was USD 9.2 million compared to USD 11.32 million a year ago.
Basic earnings per share from continuing operations was USD 1.15 compared to USD 1.4 a year ago. Diluted earnings per share from continuing operations was USD 1.14 compared to USD 1.39 a year ago.
Home Bancorp, Inc. is the holding company for Home Bank, N.A. (the Bank). The Bank is a wholly owned subsidiary of the Company, conducts business through approximately 42 banking offices in the Acadiana, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana, the Natchez region of west Mississippi and the Houston region of Texas. The Bank is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and securities. The Bankâs principal sources of funds are customer deposits, repayments of loans, repayments of investments and funds borrowed from outside sources such as the Federal Home Loan Bank (FHLB) of Dallas. These funds are primarily used for the origination of loans, including one-to four-family first mortgage loans, home equity loans and lines, commercial real estate loans, construction and land loans, multifamily residential loans, commercial and industrial loans, and consumer loans.