Home Bancorp boosts 4Q profit

AP News
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Posted: Jan 26, 2012 1:25 PM
Home Bancorp boosts 4Q profit

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.