earnings
confidence high
sentiment positive
materiality 0.75
Home Bancorp reports Q2 net income $8.5M, diluted EPS $1.03, NIM 3.76%; declares $0.23 dividend
HOME BANCORP, INC.
2022-Q2 EPS reported
$1.56
- Net income of $8.5M ($1.03 diluted EPS) vs $4.4M ($0.53 EPS) in Q1 2022; includes $1.6M pre-tax merger expenses.
- NIM expanded 37 bps to 3.76%; net interest income up 24% to $29.2M.
- Organic loan growth (ex-PPP) of $77.4M, or 14% annualized; Houston market contributed ~19% of growth.
- Issued $55M of 5.75% subordinated notes due 2032; declared $0.23/share dividend payable Aug 19.
- Nonperforming assets fell 16% to $18.8M (0.56% of assets); provision of $591K primarily from loan growth.