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Home Bancorp (HBCP)

Home Bancorp, Inc. is the parent company for Home Bank, N. A., a national bank headquartered in Lafayette, Louisiana. Home Bank, founded in 1908 as Home Building & Loan, is the oldest financial institution founded in Lafayette Parish. With 40 locations across South Louisiana and Western Mississippi, Home Bank is committed to serving the needs of its customers and communities. Customer relationships have always been Home Bank's trademark and that tradition continues as it grows, invests and serves its customers and communities.

HBCP stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 444.15M 444.15M 444.15M 444.15M 444.15M 444.15M
Cash burn (monthly) 34.62M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 102.58M n/a n/a n/a n/a n/a
Cash remaining 341.57M n/a n/a n/a n/a n/a
Runway (months of cash) 9.9 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Aug 22 Rader Chris P Common Stock Buy Acquire P No No 40.2 1,000 40.2K 14,109.311
17 Aug 22 John W. Bordelon Common Stock Option exercise Acquire M No No 28 1,400 39.2K 123,891
17 Aug 22 John W. Bordelon Employee Stock Option Common Stock Option exercise Dispose M No No 28 1,400 39.2K 0
10 Jun 22 David T. Kirkley Common Stock Option exercise Acquire M No No 16.54 4,000 66.16K 6,936
10 Jun 22 David T. Kirkley Employee Stock Option Common Stock Option exercise Dispose M No No 16.54 4,000 66.16K 0
12 May 22 Ann Forte Trappey Common Stock Grant Acquire A No No 0 600 0 5,189
12 May 22 John Scott Ballard Common Stock Grant Acquire A No No 0 600 0 4,350
5.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 76 81 -6.2%
Opened positions 4 8 -50.0%
Closed positions 9 8 +12.5%
Increased positions 21 24 -12.5%
Reduced positions 33 32 +3.1%
13F shares Current Prev Q Change
Total value 191.89M 155.63M +23.3%
Total shares 3.87M 4M -3.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
FJ Capital Management 624K $21.29M -1.6%
Home Bancorp, Inc. Employee Stock Ownership Plan 594.75K $16.65M 0.0%
BLK Blackrock 428.32K $14.62M +0.6%
Vanguard 361.14K $12.33M -0.7%
Dimensional Fund Advisors 341.59K $11.66M +6.1%
STT State Street 151.05K $5.16M -1.5%
Renaissance Technologies 145.27K $4.96M -5.3%
Geode Capital Management 132.31K $4.52M -1.5%
Maltese Capital Management 95.75K $3.27M +10.2%
NTRS Northern Trust 84.21K $2.87M -2.2%
Largest transactions Shares Bought/sold Change
Spire Wealth Management 3.25K -73.46K -95.8%
Jacobs Asset Management 49.75K -40.27K -44.7%
GS Goldman Sachs 67.15K +25.48K +61.2%
Dimensional Fund Advisors 341.59K +19.7K +6.1%
Parametric Portfolio Associates 0 -10.8K EXIT
FJ Capital Management 624K -10.42K -1.6%
Maltese Capital Management 95.75K +8.88K +10.2%
MS Morgan Stanley 46.27K -8.79K -16.0%
Renaissance Technologies 145.27K -8.2K -5.3%
Connor, Clark & Lunn Investment Management 0 -7.54K EXIT

Financial report summary

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Risks
  • The COVID-19 pandemic adversely impacted our business and our customers, employees and third-party service providers. The impacts on our business, operations, financial position and prospects have been and are expected to continue to be significant.
  • There are increased risks involved with commercial real estate, including multi-family residential, commercial and industrial and construction and land lending activities.
  • Changes in interest rates could have a material adverse effect on our operations.
  • Fluctuations in interest rates due to economic conditions and governmental or regulatory policies may adversely affect our net interest income and profitability.
  • Our business is geographically concentrated in south Louisiana and west Mississippi, which are areas where the oil and gas industry has a significant presence. Reductions in prices in crude oil and gas, among other factors, could cause a downturn in the local economy, which could adversely affect the Company’s financial condition and results of operations.
  • A natural disaster, especially one affecting our market areas, could adversely affect the Company’s financial condition and results of operations.
  • Economic conditions could result in increases in our level of non-performing loans and/or reduce demand for our products and services, which could have an adverse effect on our results of operations.
  • Our allowance for credit losses may not be adequate to cover losses over the life of our financial assets.
  • Our decisions regarding the fair value of assets acquired could be inaccurate, which could materially and adversely affect our business, financial condition, results of operations and future prospects.
  • Declines in the value of our investment securities may require us to take additional charges to earnings.
  • Our goodwill may be determined to be impaired at a future date depending on the results of periodic impairment tests.
  • Changes in accounting policies or in accounting standards could materially affect how we report our financial condition and results of operations.
  • We are subject to certain risks in connection with our strategy of growing through mergers and acquisitions.
  • The combined company may fail to realize cost savings for the merger.
  • Our financial performance and future growth may be negatively affected if we are unable to successfully execute our growth plans, which may include additional acquisitions.
  • A failure in our operational systems or infrastructure, or those of third parties, could impair our liquidity, disrupt our businesses, result in the unauthorized disclosure of confidential information, damage our reputation and cause financial losses.
  • System failure or cybersecurity breaches of our network security could subject us to increased operating costs as well as litigation and other potential losses.
  • We are dependent on our information technology and telecommunications systems and third-party service providers; systems failures, interruptions and cybersecurity breaches could have a material adverse effect on us.
  • The occurrence of fraudulent activity, breaches or failures of our information security controls or cybersecurity-related incidents could have a material adverse effect on our business, financial condition, results of operations and growth prospects.
  • We face strong competition which adversely affects our profitability.
  • We operate in a highly regulated environment, and we may be adversely affected by changes in laws and regulations.
  • MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • CRITICAL ACCOUNTING ESTIMATES
  • Additional Information on Loan Portfolio Composition and the Allowance for Credit Losses
  • Federal Home Loan Bank Advances
  • Provision for Loan Losses
  • LIQUIDITY AND CAPITAL RESOURCES
  • ASSET/ LIABILITY MANAGEMENT AND MARKET RISK
Management Discussion
  • The purpose of this discussion and analysis is to focus on significant changes in the financial condition of the Company and the Bank from December 31, 2021 through June 30, 2022 and on its results of operations for the three and six months ended June 30, 2022 and 2021. This discussion and analysis is intended to highlight and supplement information presented elsewhere in this quarterly report on Form 10-Q, particularly the consolidated financial statements and related notes appearing in Item 1.
  • To the extent that statements in this Form 10-Q relate to future plans, objectives, financial results or performance of the Company or Bank, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, which are based on management’s current information, estimates and assumptions and the current economic environment, are generally identified by the use of words such as “plan”, “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions, or by future or conditional terms such as “will”, “would”, “should”, “could”, “may”, “likely”, “probably”, or “possibly”. The Company’s or the Bank’s actual strategies and results in future periods may differ materially from those currently expected due to various risks and uncertainties. Certain risks, uncertainties and other factors, including those set forth under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC for the year ended December 31, 2021 and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, may cause actual results to differ materially from the results discussed in the forward-looking statements appearing in this discussion and analysis and may include factors such as, but not limited to, credit quality and risk, the COVID-19 pandemic, industry and technological changes, cyber incidents or other failures, disruptions or security breaches, interest rates, commercial and residential real estate values, economic and market conditions in the United States or internationally, fund availability, accounting estimates and risk management processes, the transition away from the London Interbank Offered Rate (LIBOR), legislative and regulatory changes, business strategy execution, key personnel, competition, mortgage markets, fraud, environmental liability and severe weather, natural disasters, acts of war or terrorism or other external events. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.
  • Management's Discussion and Analysis of Financial Condition and Results of Operations contains financial information determined by methods other than in accordance with generally accepted accounting principles (“GAAP”). The Company's management uses this non-GAAP financial information in its analysis of the Company's performance. In this Item 2, information is included which excludes PPP loans and the effect of PPP loans on income. Management believes the presentation of this non-GAAP financial information provides useful information that is helpful to a full understanding of the Company’s financial position and operating results. This non-GAAP financial information should not be viewed as a substitute for financial information determined in accordance with GAAP, nor is it necessarily comparable to non-GAAP financial information presented by other companies. A reconciliation on non-GAAP information included herein to GAAP is presented at the end of this item under the heading "Reconciliation of Non-GAAP Measures".

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H.S. freshman Avg
New words: accredited, attendant, bear, center, entity, exhibit, floating, Global, hereto, Indenture, July, month, occupancy, overnight, placement, redeemed, restriction, signature, SOFR, Subordinated, Tier, trustee, UMB
Removed: advertising, communication, compensation, health, incentive, marketing, software