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Home Bancorp , Inc. (NASDAQ:HBCP), a $395 million market cap financial institution trading at $50.76 per share, reported on Wednesday that John A. Hendry has retired from its Board of Directors, in compliance with the company’s mandatory retirement policy. The policy, as stated in the company’s Bylaws, prohibits directors from serving beyond the annual shareholder meeting following their 75th birthday. According to InvestingPro analysis, the company maintains a "GOOD" financial health score, with several positive indicators suggesting strong operational performance.
In addition to Hendry’s retirement, Home Bancorp held its Annual Meeting of Shareholders on Tuesday, where several key decisions were made. The company, which has maintained dividend payments for 12 consecutive years with an attractive 2.1% yield, saw shareholders elect Ann Forte Trappey and Donald W. Washington to three-year terms expiring in 2028. The election results indicated a strong majority of votes in favor of both, with Trappey receiving 4,484,218 for and 675,301 withheld, and Washington receiving 5,035,082 for and 124,437 withheld. Both elections also noted 1,122,835 broker non-votes.
Shareholders also approved, by a non-binding vote, the compensation of the company’s named executive officers. The vote yielded 4,763,312 for, 329,383 against, and 66,823 abstentions, alongside 1,122,835 broker non-votes.
Furthermore, the appointment of Wipfli LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified. This decision received an overwhelming majority of 6,228,626 for, 49,507 against, and 4,221 abstentions.
Home Bancorp emphasized that all proposals were adopted and each nominee for director was elected during the Annual Meeting. The company, headquartered in Lafayette, Louisiana, operates as the holding company for Home Bank, providing various banking products and services. With a year-to-date return of 12.56% and trading near its 52-week high of $52.77, the company has demonstrated strong market performance. For detailed financial analysis and additional insights, investors can access comprehensive research through InvestingPro, which offers exclusive access to over 8 more key insights about Home Bancorp’s financial outlook.
The information contained in this article is based on Home Bancorp’s recent 8-K filing with the Securities and Exchange Commission.
In other recent news, Home Bancorp Inc reported impressive financial results for the first quarter of 2025, exceeding both earnings and revenue expectations. The company achieved an earnings per share of $1.37, surpassing the forecasted $1.15, and recorded revenue of $35.76 million, higher than the anticipated $34.65 million. This marks a strong performance, with a net income of $11 million, a 13% increase from the previous quarter and a 20% rise year-over-year. The company’s net interest margin improved to 3.91%, continuing its upward trajectory for the fourth consecutive quarter, driven by loan growth of $29.1 million and a 7% annualized increase in deposits.
Additionally, Home Bancorp’s strategic focus on growth and operational efficiency is reflected in its projections, anticipating continued net interest margin expansion and loan growth of 4-6% annually. The company also expects noninterest income between $3.6 million and $3.8 million over the next two quarters. Analysts from firms such as Raymond (NSE:RYMD) James and Janney Montgomery have shown interest in the company’s performance, with questions during the earnings call focusing on net interest margin expectations and credit quality concerns.
Home Bancorp’s management remains optimistic, with CEO John Bardelon expressing confidence in the company’s ability to continue outperforming. CFO David Kirkley highlighted the expected increase in net interest income due to continued loan growth and moderating funding costs. Despite potential challenges like interest rate cuts and economic volatility, Home Bancorp aims to maintain its strong performance, supported by its robust financial strategy and market presence.
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