earnings
confidence high
sentiment neutral
materiality 0.60
Home Bancorp Q1 net income $11.3M ($1.39 EPS), NIM slips to 4.18%, declares $0.25 dividend
HOME BANCORP, INC.
2023-Q1 EPS reported
$1.39
- Net income of $11.3M, or $1.39 diluted EPS, up 5% from $10.8M ($1.32) in Q4 2022.
- Net interest margin decreased 20 bps to 4.18% due to higher funding costs; average deposit cost rose to 0.77%.
- Loans grew 1.5% to $2.5B; deposits fell 3% to $2.6B, with non-maturity deposits down 5%.
- Nonperforming assets were $11.3M (0.35% of assets), up slightly; provision of $814K for loan losses.
- Board declared $0.25 per share quarterly dividend, payable May 12 to holders of record May 1.