Home Bancorp, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Home Bancorp, Inc. has filed its Q1 2024 10-Q report detailing financial activities for the quarter ending March 31, 2024.</b>

AI Summary

HOME BANCORP, INC. (HBCP) filed a Quarterly Report (10-Q) with the SEC on May 3, 2024. Home Bancorp, Inc. filed its quarterly report (10-Q) for the period ending March 31, 2024. The filing covers the period from January 1, 2024, to March 31, 2024. The company's principal business address is in Lafayette, Louisiana. Home Bancorp, Inc. is classified under Savings Institutions, Not Federally Chartered. The filing was made on May 3, 2024.

Why It Matters

For investors and stakeholders tracking HOME BANCORP, INC., this filing contains several important signals. This 10-Q filing provides investors and analysts with the latest financial performance and operational details of Home Bancorp, Inc. for the first quarter of 2024. Understanding the specifics of this filing is crucial for assessing the company's current financial health, strategic direction, and potential risks in the savings institution sector.

Risk Assessment

Risk Level: low — HOME BANCORP, INC. shows low risk based on this filing. The risk is low as this is a standard quarterly filing (10-Q) providing routine financial disclosures, not indicating any immediate or significant adverse events.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Home Bancorp's Q1 2024 performance and outlook.

Key Numbers

• 2024-03-31 — Period End Date (Reporting period for the 10-Q)
• 2024-05-03 — Filing Date (Date the 10-Q was filed with the SEC)
• 6036 — SIC Code (Standard Industrial Classification for Savings Institutions)
• LA — State of Incorporation (Louisiana)

Key Players & Entities

• HOME BANCORP, INC. (company) — Filer name
• HBCP (company) — Ticker symbol
• Lafayette, LA (location) — Business address city and state
• 0001436425-24-000016 (filing_id) — Accession number
• 2024-03-31 (date) — Period of report
• 2024-05-03 (date) — Filing date

FAQ

Industry Context

Home Bancorp, Inc. operates within the savings institutions sector, which is characterized by deposit-taking and lending activities.

Regulatory Implications

As a savings institution, Home Bancorp, Inc. is subject to regulations from federal and state authorities governing financial institutions.

What Investors Should Do

1. Analyze the balance sheet and income statement for Q1 2024.
2. Examine any disclosures related to loan portfolios and deposit trends.
3. Review management's discussion and analysis for insights into strategic priorities and risks.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-03: Filing Date — Date Home Bancorp, Inc. submitted its 10-Q to the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for the fiscal year 2024, following the 2023 annual report.

Key Financial Figures

• $0.01 — t had 8,128,334 shares of common stock, $0.01 par value, outstanding. HOME BANCORP,

Filing Documents

• hbcp-20240331.htm (10-Q) — 3318KB
• a2024q1ex311-certification.htm (EX-31.1) — 10KB
• a2024q1ex312-certification.htm (EX-31.2) — 10KB
• a2024q1ex320-soxcertificat.htm (EX-32.0) — 10KB
• 0001436425-24-000016.txt (&nbsp;) — 16493KB
• hbcp-20240331.xsd (EX-101.SCH) — 42KB
• hbcp-20240331_cal.xml (EX-101.CAL) — 123KB
• hbcp-20240331_def.xml (EX-101.DEF) — 381KB
• hbcp-20240331_lab.xml (EX-101.LAB) — 688KB
• hbcp-20240331_pre.xml (EX-101.PRE) — 548KB
• hbcp-20240331_htm.xml (XML) — 4610KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements (unaudited) Page

Item 1. Financial Statements (unaudited) Page Consolidated Statements of Financial Condition 1 Consolidated Statements of Income 2 Consolidated Statements of Comprehensive Income 3 Consolidated Statements of Changes in Shareholders' Equity 4 Consolidated Statements of Cash Flows 5 Notes to Unaudited Consolidated Financial Statements 6

Management 's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management 's Discussion and Analysis of Financial Condition and Results of Operations 32

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 45

Controls and Procedures

Item 4. Controls and Procedures 46

- OTHER INFORMATION

PART II - OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 46

Risk Factors

Item 1A. Risk Factors 46

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 46

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 46

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 47

Other Information

Item 5. Other Information 47

Exhibits

Item 6. Exhibits 47

SIGNATURES

SIGNATURES 48 i HOME BANCORP, INC. and SUBSIDIARY GLOSSARY OF DEFINED TERMS Below is a listing of certain acronyms, abbreviations and defined terms, among others, used throughout this Quarterly Report on Form 10-Q, including in "Item 1. Financial Statements" and "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations." The terms "we," "our" or "us" refer to Home Bancorp, Inc. and its consolidated subsidiaries, unless the context otherwise requires. ACL – Allowance for credit losses ALL – Allowance for loan losses AOCI – Accumulated other comprehensive income ASC – Accounting Standards Codification ASU – Accounting Standards Update Bank – Home Bank, N. A., a wholly-owned subsidiary of the Company BOLI – Bank-owned life insurance bps – basis points, 100 basis points being equal to 1.0% BTFP – Bank Term Funding Program C&D – Construction and land C&I – Commercial and industrial CARES Act – Coronavirus Aid, Relief, and Economic Security Act CECL – Current expected credit losses Company – Home Bancorp, Inc., a Louisiana corporation and the holding company for Home Bank, N. A. COVID-19 – The novel coronavirus CRE – Commercial real estate EPS – Earnings per common share FASB – Financial Accounting Standards Board FHLB – Federal Home Loan Bank GAAP – Generally Accepted Accounting Principles LTV – Loan-to-value NPA(s) – Nonperforming asset(s) OCI – Other comprehensive income ORE – Other real estate PCD – Purchased credit deteriorated PPP – Paycheck Protection Program SBA – U.S. Small Business Association SEC – U.S. Securities and Exchange Commission TE – Taxable equivalent U.S. – United States ii HOME BANCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Audited) (dollars in thousands) March 31, 2024 December 31, 2023 Assets Cash and cash equivalents $ 90,475 $ 75,831 Interest-bearing deposits in banks — 99 Investment securities available for sale,

View Full Filing

View this 10-Q filing on SEC EDGAR