Home Bancorp Inc., which recently expanded into the New Orleans and Baton Rouge banking markets, sharply increased its fourth-quarter profit.
Lafayette-based Home Bancorp said Thursday that it earned $2.1 million, or 30 cents per share, in the quarter ending Dec. 31. In the fourth quarter of 2010, the company earned $1.5 million, or 20 cents per share.
The company said expenses tied to its acquisition of GS Financial Corp. knocked down fourth-quarter profit by $400,000.
Due to the acquisition, Home Bancorp now has 23 Louisiana banking offices.