Home Bancorp falls after credit weakness drives Q3 profit miss

Home Bancorp

20/10/2026 15:43

** Community lender Home Bancorp's HBCP.O shares fall 5.4% to $62.25
** HBCP late Monday missed Q3 profit expectations as credit weakness weighed on quarterly results
** "Six loan relationships totaling $19.5 million were placed on nonaccrual status, increasing criticized and nonperforming loans. Based on our current assessment, we do not anticipate sizable losses from these relationships" - President Darren Guidry
** "While mgmt notes that the credit issues identified this quarter are unlikely to result in sizable losses, we think investors will question the direction credit is taking at the bank," Piper Sandler analysts said, referring to rising nonperforming loans
** "Given the EPS miss and continued credit migration we would expect shares (to) likely underperform peers at the open" - Hovde Group analyst Feddie Strickland
** One of four brokerages rate the stock "buy" and three "hold"; median PT $72.50 - data compiled by LSEG
** HBCP stock up 7.7% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))