Home Bancorp, Inc. announces an Equity Buyback for 405,000 shares, representing 5% of its issued share capital.
October 18, 2023 at 05:16 pm EDT
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Home Bancorp, Inc. (NasdaqGS:HBCP) announces a share repurchase program. Under the program, the company will repurchase up to 405,000 shares, representing approximately 5% of its outstanding share capital. The repurchase program has no time limit.
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.
HOME BANCORP, INC. 
