Home Bancorp, Inc. announced consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company's net interest income was $15,601,904 compared with $15,756,458 a year ago. Income before income tax expense was $5,772,101 compared with $5,988,833 a year ago. Net income was $4,282,054 or $0.60 per diluted share compared with $3,962,891 or $0.56 per diluted share a year ago. Total interest income was $16,922,581 against $17,091,629 a year ago. Return on average equity was 9.58% compared with 9.66% a year ago. Return on average assets was 1.11% compared with 1.02% a year ago. Non-GAAP net income was $4,282,000 or $0.60 per diluted share compared with $4,360,000 or $0.62 per diluted share a year ago. Book value per share was $24.47 against $22.80 a year ago. Non-GAAP tangible book value per share was $22.73 against $20.68 a year ago. Non-GAAP return tangible equity was 10.62% compared with 11.12% reported a year ago.

For the year, the company's net interest income was $62,415,943 compared with $54,544,261 a year ago. Income before income tax expense was $23,576,290 compared with $19,220,460 a year ago. Net income was $16,008,336 or $2.25 per diluted share compared with $12,549,901 or $1.79 per diluted share a year ago. Total interest income was $67,684,314 against $58,409,654 a year ago. Return on average equity was 9.19% compared with 7.83% a year ago. Non-GAAP net income was $16,152,000 or $2.27 per diluted share compared with $13,716,000 or $1.96 per diluted share a year ago. Non-GAAP return tangible common equity was 10.32% compared with 8.53% reported a year ago.


The company recorded net loan charge-offs of $182,000 during the fourth quarter of 2016, compared to net loan charge-offs of $54,000 in the third quarter of 2016 and the fourth quarter of 2015.