Home Bancorp Profit Rises In Second Quarter
LAFAYETTE, LA (AP) — Lafayette-based Home Bancorp Inc. reported its second-quarter profit rose slightly to $2.8 million, or 41 cents per share, an increase of $87,000, or 1 cent per share, over the same period last year.
Home Bancorp is the parent company of Home Bank N.A.
Stock analysts surveyed by Zacks Investment Research had forecast earnings of 40 cents per share.
Second-quarter results included an after-tax charge of $232,000 for expenses related to the acquisition of Louisiana Bancorp Inc. The $74.5 million deal is expected to close during the fourth quarter. The combined company will have total assets of approximately $1.5 billion.
Home President and Chief Executive Officer John W. Bordelon tells The Advocate loan demand was not as strong during the second quarter, but the company reduced non-performing assets to $18.3 million.
