Home Bancorp Full Year 2024 Earnings: Beats Expectations

Home Bancorp (NASDAQ:HBCP) Full Year 2024 Results

Key Financial Results

• Revenue: US$132.4m (flat on FY 2023).
• Net income: US$36.4m (down 9.5% from FY 2023).
• Profit margin: 28% (down from 30% in FY 2023).
• EPS: US$4.58 (down from US$5.01 in FY 2023).

HBCP Banking Performance Indicators

• Net interest margin (NIM): 3.71% (down from 3.89% in FY 2023).
• Cost-to-income ratio: 64.7% (up from 61.2% in FY 2023).
• Non-performing loans: 0.50% (up from 0.34% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Home Bancorp Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%.

In the last 12 months, the only revenue segment was Banking contributing US$132.4m. The largest operating expense was General & Administrative costs, amounting to US$74.4m (78% of total expenses). Explore how HBCP's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 7.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 3.8% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Home Bancorp's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.