Lafayette-based Home Bancorp Inc. reported its second-quarter profit rose slightly to $2.8 million, or 41 cents per share, an increase of $87,000, or 1 cent per share, over the same period last year.
Home Bancorp is the parent company of Home Bank N.A.
Stock analysts surveyed by Zacks Investement Research had forecast earnings of 40 cents per share.
Second-quarter results included an after-tax charge of $232,000 for expenses related to the acquisition of Louisiana Bancorp Inc. The $74.5 million deal is expected to close during the fourth quarter. The combined company will have total assets of about $1.5 billion, $1.2 billion in loans and $1.2 billion in deposits.
A year earlier, Home Bancorp had $218,000 in expenses related to the acquisition of Britton & Koontz Capital Corp.
Home President and Chief Executive Officer John W. Bordelon said loan demand was not as strong during the second quarter, but the company reduced non-performing assets by 18 percent to $18.3 million.