Home Bancorp, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
January 31, 2013 at 03:30 am IST
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Home Bancorp, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total interest income was $11,506,913 against $11,370,804 a year ago. Net interest income was $10,371,765 against $9,981,744 a year ago. Income before income tax expense was $3,440,646 against $3,189,373 a year ago. Net income was $2,324,410 or $0.33 diluted per share against $2,134,251 or $0.30 diluted per share a year ago.
For the year, the company reported total interest income was $46,122,127 against $38,435,192 a year ago. Net interest income was $41,208,258 against $33,218,022 a year ago. Income before income tax expense was $13,794,802 against $7,755,192 a year ago. Net income was $9,189,872 or $1.28 diluted per share against $5,119,781 or $0.71 diluted per share a year ago. The tangible book value per share of the company's common stock was $18.73 at December 31, 2012. Book value per share as at December 31, 2012 was $19.03 against $17.30 at December 31,2011. Tangible book value as at December 31, 2012 was $18.73 against $16.96 at December 31,2011.
Home Bancorp, Inc. is the holding company for Home Bank, N.A. (the Bank). The Bank is a wholly owned subsidiary of the Company, conducts business through approximately 42 banking offices in the Acadiana, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana, the Natchez region of west Mississippi and the Houston region of Texas. The Bank is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and securities. The Bankâs principal sources of funds are customer deposits, repayments of loans, repayments of investments and funds borrowed from outside sources such as the Federal Home Loan Bank (FHLB) of Dallas. These funds are primarily used for the origination of loans, including one-to four-family first mortgage loans, home equity loans and lines, commercial real estate loans, construction and land loans, multifamily residential loans, commercial and industrial loans, and consumer loans.