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Home Bancorp Inc., the Lafayette parent of Home Bank, said its net income fell during the third quarter. The company posted net income of $6.9 million, or 75 cents per diluted share, for the three month period ending Sept. 30. During the same period one year earlier, Home Bank recorded net income of $8.3 million, or 89 cents per diluted share. The bank's total deposits topped $1.8 billion at the close of the third quarter, an increase of 3% from the same quarter one year earlier.

Home Bancorp Inc., the Lafayette parent of Home Bank, said its net income fell during the third quarter.

The company posted net income of $6.9 million, or 75 cents per diluted share, for the three month period ending Sept. 30. During the same period one year earlier, Home Bank recorded net income of $8.3 million, or 89 cents per diluted share.

Revenue for the bank, known as interest income, was down $680,000 before taxes due to a write-off for the company's FDIC loss sharing indemnification receivable. The FDIC agreement expires in March 2020.

The company also had $287,000 in expenses related to the departure of a former executive. In late July, Scott Ridley, chief banking officer at the financial institution was terminated. 

The bank's total deposits topped $1.8 billion at the close of the third quarter, an increase of 3% from the same quarter one year earlier.

Home Bancorp shares have risen 10% since the beginning of the year. The stock has dropped roughly 1% in the last 12 months.

Shares of Home Bancorp were down by 14 cents, or .4%, to close at $38.97.

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Email Timothy Boone at tboone@theadvocate.com.