Overview

* Home Bancorp ( HBCP ) Q3 net income rises to $12.4 mln, diluted EPS increases to $1.59

* Company increases quarterly dividend by 7%

* Nonperforming assets rise to $30.9 mln, but no losses expected

Outlook

* Company did not provide specific guidance for future quarters or full year in its press release

Result Drivers

* DEPOSIT GROWTH - Improved deposit growth helped reduce loan-to-deposit ratio to target level

* NONPERFORMING ASSETS - Increase in nonperforming assets due to specific loan relationships moving to nonaccrual status

* LOAN LOSS PROVISION REVERSAL - Reversal in provision for loan losses due to loan reduction, offset by increased nonaccrual loans

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $1.59

Q3 Net $12.40

Income mln

Q3 Net $34.10

Interest mln

Income

Q3 Net 4.10%

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 $61.50, about 16.8% above its October 17 closing price of $51.19

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)