Home Bancorp Profits Up In 4th Quarter
LAFAYETTE, LA (AP) — Lafayette-based Home Bancorp Inc. reported its fourth-quarter profit jumped to $2.8 million, or 40 cents per share, compared to $1.7 million, or 25 cents per share, a year ago.
The fourth-quarter results include $307,000 of pre-tax expenses related to the acquisition of Britton & Koontz Bank in February.
For the year, Home reported record earnings of $9.9 million, or $1.42 per share, compared to $7.3 million, or $1.06 per share, for 2013.
While falling prices are likely to dampen expansion in the energy industry, John W. Bordelon, president and chief executive officer, tells The Advocate his company remain bullish on the growth prospects for many of their markets.
Home Bancorp is the parent company of Home Bank, a federally chartered savings and loan.