Lafayette-based Home Bancorp Inc., the parent company of Home Bank, generated $9.4 million of net income during the third quarter, up from the $8.1 million in the second quarter.
Per share earnings were at $1.12 per diluted common share, down from the $1.02 in the second quarter, bank officials announced.
Loans totaled $2.7 billion as of Sept. 30, up $6.9 million from the second quarter. Total deposits reached $2.8 billion, up 2% from the second quarter.
The average loan yield was 6.43%, up 15 basis points from the second quarter, bank officials reported. Loans grew in the third quarter across most markets, with New Orleans and Houston leading the net growth.
“We are pleased with the financial results for the current quarter,” president and CEO John W. Bordelon said. “While loan growth has slowed from second quarter, deposit growth continues to improve reducing our loan to deposit ratio down to 96%. Our net interest margin remains strong at 3.71% and continued to move upward through the quarter.”