Overview

* Home Bancorp ( HBCP ) Q2 net income rises to $11.3 mln, diluted EPS at $1.45

* Company's net interest income grows 5% qtr/qtr

* Co increases quarterly dividend by 7%

Outlook

* Company anticipates maintaining strong capital and liquidity for future growth

* Home Bancorp ( HBCP ) expects stable deposit and funding costs to continue

* Company sees no anticipated losses despite increase in nonperforming loans

Result Drivers

* LOAN GROWTH - Co reports loan growth, primarily in commercial real estate, offset by declines in construction and land loans

* DEPOSIT STABILITY - Stable deposit and funding costs contributed to increased net interest margin, per CEO John W. Bordelon

* NONPERFORMING ASSETS - Increase in nonperforming assets due to four loan relationships, which were moved to nonaccrual status in Q2

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $1.45

Q2 Net $11.30

Income mln

Q2 Net $33.40

Interest mln

Income

Q2 Net 4.0%

Interest

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Home Bancorp Inc ( HBCP ) is $51.75, about 8.4% below its July 18 closing price of $56.08

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)