Home Bancorp Q2 net income $9.8M ($1.21 EPS), down 14% sequentially; NIM falls 24 bps

HOME BANCORP, INC.

2023-Q2 EPS reported $2.60

Net income $9.8 million ($1.21 diluted EPS) vs. $11.3 million ($1.39) in Q1 2023; revenue (net interest income) $30.3M, down 4%.
Net interest margin decreased 24 bps to 3.94%; loan yield up 15 bps to 5.82%.
Total loans $2.5B, up 7% annualized; deposits flat at $2.6B but non-maturity deposits fell 5% while CDs rose 25%.
Nonperforming assets $12.4M (0.38% of assets), up $1.1M from Q1 due to three credit relationships; provision $511K.
Quarterly dividend $0.25 declared, payable Aug 11, record July 31; 99,734 shares repurchased at avg $31.58.

item 2.02 item 8.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HOME BANCORP, INC. reported the second quarter of 2023 results: net income $9.8 million, EPS $1.21 per diluted common share.

Period: the second quarter of 2023
Net income: $9.8 million
EPS: $1.21 per diluted common share
Result: reported results

Exact text from the filing

reported financial results for the second quarter of 2023. For the quarter, the Company reported net income of $9.8 million, or $1.21 per diluted common share (“diluted EPS”), down $1.5 million from $11.3 million, or $1.39 diluted EPS, for the first quarter of 2023.

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Source: SEC EDGAR

accession 0001436425-23-000038

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