Home Bancorp First Quarter 2024 Earnings: Beats Expectations
Home Bancorp (NASDAQ:HBCP) First Quarter 2024 Results
Key Financial Results
Revenue: US$32.3m (down 4.6% from 1Q 2023).
Net income: US$9.20m (down 19% from 1Q 2023).
Profit margin: 28% (down from 33% in 1Q 2023). The decrease in margin was primarily driven by lower revenue.
EPS: US$1.15 (down from US$1.40 in 1Q 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 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 17%.
Looking ahead, revenue is expected to decline by 1.9% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.8%.
Performance of the American Banks industry.
The company's shares are up 4.0% from a week ago.
Risk Analysis
Be aware that Home Bancorp is showing 2 warning signs in our investment analysis and 1 of those is potentially serious...
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.