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Home Bancorp (HBCP)
NASDAQ:HBCP
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.11Last Year’s EPS
$1.21Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2024
|% Change Since: 3.52%
|Next Earnings Date:Jan 28, 2025
Earnings Call Sentiment|Neutral
The earnings call presented both positive and negative aspects. While the company showed improvement in net income, net interest margin, and deposit growth, there were notable challenges such as the slowdown in loan growth and an increase in nonperforming loans. The company has a strategic approach to manage these challenges, including potential loan repricing and cost control measures.Company Guidance
During the Home Bancorp's Q3 2024 earnings call, the company provided guidance reflecting both challenges and optimism for future growth. The net income for the quarter was reported at $9.4 million, or $1.18 per share, with an expansion in net interest margin to 3.71%, up 5 basis points from the previous quarter. The return on assets increased to 1.1%, and deposits rose by $55 million, marking an 8% annualized growth. However, loan growth was slow, affected by a $19 million paydown in medical C&I loans, leading the company to project 2024 loan growth at the lower end of its 4% to 6% guidance. Asset yields increased by 12 basis points to 5.82%, while interest-bearing liabilities rose by 9 basis points to 3.02%. Nonperforming loans saw a slight increase to $18.1 million, representing 0.68% of total loans, while the allowance for loan loss ratio remained stable at 1.21%. The company repurchased 24,000 shares and increased its dividend by $0.01 to $0.26 per share. Looking ahead, Home Bancorp is focused on stabilizing or reducing liability costs and is optimistic about loan demand picking up with potential rate cuts, emphasizing its commitment to creating long-term shareholder value through customer service and conservative credit culture.Net Income Improvement
Reported third quarter net income of $9.4 million or $1.18 per share, which was an improvement from the previous quarter.
Net Interest Margin Expansion
Net interest margin increased by 5 basis points to 3.71% in the third quarter.
Deposit Growth
Deposits increased by $55 million or 8% annualized, primarily in money market and interest-bearing checking accounts.
Increased Dividend
Increased dividend by $0.01 to $0.26 per share, nearing the midpoint of the target dividend payout ratio of 20% to 25.5% of earnings.
Positive Capital Management
Over the past five years, increased dividends by 20%, repurchased 14% of shares, and grew adjusted tangible book value per share at a 9.1% annualized growth rate.
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HBCP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HBCP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | $44.74 | $44.64 | -0.22% |
| Jul 17, 2024 | $44.67 | $41.37 | -7.39% |
| Apr 17, 2024 | $33.09 | $32.99 | -0.30% |
| Jan 22, 2024 | $39.92 | $40.60 | +1.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Home Bancorp (HBCP) report earnings?
Home Bancorp (HBCP) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Home Bancorp (HBCP) earnings time?
Home Bancorp (HBCP) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HBCP EPS forecast?
HBCP EPS forecast for the fiscal quarter 2024 (Q4) is $1.11.
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