Home Bancorp, Inc. (HBCP) Q4 2024 Earnings Call Transcript

Home Bancorp, Inc. (NASDAQ:HBCP) Q4 2024 Earnings Call January 28, 2024 8:30 AM ET

Company Participants

John W. Bordelon – Chairman, President, and CEO
David T. Kirkley – CFO

Conference Call Participants

Joseph Yanchunis – Raymond James
Feddie Strickland – Hovde Group

Operator

Good morning, ladies and gentlemen, and welcome to the Home Bancorp’s Fourth Quarter 2024 Earnings. All participants will be in listen-only mode. [Operator Instructions]. After today’s presentation, there will be an opportunity to ask questions. Please note, this event is being recorded. I’d now like to turn the conference over to Home Bancorp’s Chairman, President and CEO, John Bordelon and Chief Financial Officer, David Kirkley. Mr. Kirkley, please go ahead.

David T. Kirkley

Thank you, Jennifer. Good morning, and welcome to Home Bank’s fourth quarter 2024 earnings call. Our earnings release and investor presentation are available on our website. I’d ask that everyone please refer to the disclaimer regarding forward-looking statements in the investor presentation and our SEC filings. Now I’ll hand it over to John to make a few comments about the year and fourth quarter. John?

John W. Bordelon

Thanks, David. Good morning and thank you for joining our earnings call today from snowy Louisiana. We appreciate your interest in Home Bank as we discuss our results, expectations for the future, and our approach to creating long-term shareholder value. Yesterday afternoon we reported fourth quarter net income of 9.7 million or $1.21 per share with net interest margin expanding for the third consecutive quarter to 3.82%. Fourth quarter’s NIM expansion was driven by a 15 basis point decline in the cost of interest bearing liabilities, an increase in the average non-interest bearing deposits, stable yields on interest earning assets, and a slight increase in our loans to deposit ratio.

After a slow October, loan growth picked