Lafayette-based Home Bancorp Inc., the parent company of Home Bank, celebrated its 10th anniversary as a public company on October 3 by ringing the Nasdaq closing bell. The company’s board of directors and executive team joined John Bordelon, president and CEO, for the market close ceremony.
“Our board made a bold decision back in October 2008 to go public at a time when the U.S. financial system seemed to be unraveling,” Bordelon recalls. “Many experts believed our timing could not have been worse. Ultimately, our customers defied those experts and made an $89-million investment in our company.”
Since going public, Home Bancorp’s market capitalization has increased from $89 million to $409 million. Despite challenging economic conditions in several of its markets over the past few years, the company has posted record earnings for the past four years and record quarterly earnings in the first and second quarters of 2018.
“We’re not only celebrating our 10th anniversary as a public company this year, we’re also celebrating Home Bank’s 110th anniversary,” Bordelon notes. “To our shareholders, thank you for providing the fuel for our growth. To our customers, thank you for your trust and the opportunity to serve and grow with you. To our employees, thank you for your dedication to serving our customers and one another.”
Home Bank operates 39 locations in Southern Louisiana and Western Mississippi. As of June 30, the company had total assets of $2.2 billion, loans of $1.6 billion, deposits of $1.8 billion and shareholders’ equity of $289.4 million.
Published in Bankers Digest October 15, 2018