LAFAYETTE, La., Nov. 24, 2014 /PRNewswire/ -- Home Bancorp, Inc.
(Nasdaq: "HBCP") (the "Company"), the parent company for Home
Bank (www.home24bank.com), a Federally chartered savings bank
headquartered in Lafayette,
Louisiana (the "Bank"), announced today that its Board of
Directors has declared a quarterly cash dividend on its common
stock of $0.07 per share. This
is the Company's first dividend since completing its initial public
stock offering in October 2008. The dividend will be paid on
December 22, 2014 to stockholders of
record as of the close of business on December 8, 2014.
"Given our Company's capital strength and momentum, our Board of
Directors declared the first dividend in Home Bancorp's history,"
stated John W. Bordelon, President
and Chief Executive Officer. "Cash dividends provide another
tool, in addition to organic growth, strategic acquisitions and our
current stock repurchase program, to enhance shareholder value." At
the stock price of $23.20 per share
at the close of market on November 24,
2014, the current dividend equates to a yield of 1.21% on an
annualized basis.
About Home Bancorp, Inc.
Home Bancorp, Inc. is the holding company for Home Bank, a
federally chartered savings bank headquartered in Lafayette, Louisiana. Home Bank offers a full
range of deposit and loan products through 27 banking centers in
growing regions of Louisiana and
Mississippi: Acadiana,
Baton Rouge, New Orleans, the Northshore (of Lake
Pontchartrain), Natchez, and
Vicksburg.
Forward‑Looking Statements
This news release contains certain forward‑looking
statements. Forward‑looking statements can be identified by the
fact that they do not relate strictly to historical or current
facts. They often include the words "believe," "expect,"
"anticipate," "intend," "plan," "estimate" or words of similar
meaning, or future or conditional verbs such as "will," "would,"
"should," "could" or "may."
Forward‑looking statements, by their nature, are subject to
risks and uncertainties. A number of factors ‑ many of which
are beyond our control ‑ could cause actual conditions, events or
results to differ significantly from those described in the
forward‑looking statements. Home Bancorp's Annual Report on
Form 10-K for the year ended December 31,
2013, describes some of these factors, including risk
elements in the loan portfolio, the level of the allowance for
losses on loans, risks of our growth strategy, geographic
concentration of our business, dependence on our management team,
risks of market rates of interest and of regulation on our business
and risks of competition. Forward‑looking statements speak only as
of the date they are made. We do not undertake to update
forward‑looking statements to reflect circumstances or events that
occur after the date the forward‑looking statements are made or to
reflect the occurrence of unanticipated events.
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SOURCE Home Bancorp, Inc.