Home Bancorp Posts $10.1M Q3 Net Income
HBCP sits 29% above its 52-week low of $51.05.
Summary
Home Bancorp reported third-quarter net income of $10.1 million, or $1.28 per share, with net interest income of $35.9 million, noninterest income of $4.2 million and a net interest margin of 4.19%. The company also declared a quarterly dividend of $0.32. The profit figure is the one the 8-K on October 5 said would land after today's close. The number matters most against Q2, when earnings rose modestly on wider margins but criticized loans jumped sharply — credit quality, not the headline profit, is the open question. At a sub-$600M market cap, a single quarter's provision swing can move the stock more than the net income line. The conference call follows this release; listen for the criticized-loan trend and any reserve build.
At the time of this announcement, HBCP was trading at $65.78 on NASDAQ in the Finance sector, with a market capitalization of approximately $517.7M. The 52-week trading range was $51.05 to $74.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.