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Home Bancorp Q1 Profit Rises; Increases Quarterly Dividend

(RTTNews) - Home Bancorp, Inc. (HBCP), the parent company for Home Bank, N.A., reported first quarter net income of $11.9 million, or $1.41 per share compared to $2.5 million or $0.27 per share, prior year. On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $1.06, for the quarter. Analysts' estimates typically exclude special items.

First quarter net interest income increased to $25.09 million from $21.32 million, prior year. Total noninterest income was $4.06 million compared to $3.36 million. Analysts expected revenue of $24.32 million, for the quarter.

The company said its Board of Directors increased quarterly cash dividend on shares of common stock to $0.23 per share payable on May 21, 2021, to shareholders of record as of May 10, 2021.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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