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Home Bancorp, Inc. Reports Net Income of $11.3 Million for the First Quarter of 2023

Home Bancorp, Inc. Reports Net Income of $11.3 Million for the First Quarter of 2023

Company's Revenue Reaches $38.1 Million in Q1 2023, Demonstrating Strong Performance

By USInMinutes
Published - Jul 18, 2023, 12:35 PM ET
Last Updated - Jul 18, 2023, 03:02 PM EDT

Home Bancorp, Inc. ( HBCP) released its unaudited co nsolidated financial statements for the first quarter ended March 31, 2023. The financial report showcases the company's solid performance during the period, with notable growth in net income and revenue.

During the first quarter of 2023, Home Bancorp, Inc. achieved a net income of $11.3 million, indicating a significant increase compared to the same period last year. Additionally, the company generated a total revenue of $38.1 million, demonstrating strong performance and steady growth.

Financial Overview

Home Bancorp, Inc. and its subsidiary, Home Bank, recorded total assets of $3.27 billion as of March 31, 2023, compared to $3.23 billion as of December 31, 2022. This represents a slight increase, indicating the company's commitment to maintaining a robust financial position.

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