Lafayette-based Home Bancorp Inc. reported third-quarter net income rose $23,000 to $2.9 million compared to the same period a year ago. Earnings per share remained flat at 41 cents.
However, the results included $527,000 in after-tax expenses related to the acquisition of Louisiana Bancorp Inc. Without those expenses, net income would have increased to $3.4 million, or 49 cents per share.
“We crossed the $1.5 billion asset threshold during the quarter as we completed our acquisition of Bank of New Orleans ahead of schedule,” said John W. Bordelon, president and chief executive officer.