Home Bancorp posts lower profit

Lafayette-based Home Bancorp Inc. reported its first-quarter earnings dropped to $1.9 million, or 27 cents per share, compared to $2.1 million, or 29 cents per share, a year earlier.

The parent company of Home Bank said its results were affected by a dip in interest income and spending roughly $671,000 to buy back shares.

Home Bank is beginning to see modest growth in its loan pipeline, according to President and Chief Executive Officer John Bordelon. The company will continue its conservative management approach through “this challenging time” for the industry, he said.