Yahoo Finance 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...
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