Home Bancorp Inc. in Lafayette reported third-quarter earnings fell to $2.5 million, or 37 cents per share, down $570,000, or 5 cents per share, from a year ago.
Home Bancorp’s non-interest income dropped 20 percent to $1.7 million, primarily as the result of lower gains on the sale of mortgages and no gain on the sale of securities. Income from loans sales was $314,626, down $337,000.
The company reported no income from sales of securities for the quarter, compared to $162,534 during the third quarter of 2012.
However, other measures of Home Bancorp’s performance were stronger. The company reported loan growth of 1 percent; wrote off $84,000 in loans compared to $464,000 a year earlier; and saw a 1 percent increase in deposits,
“The performance of the South Louisiana economy continues to outpace much of the nation,” said John W. Bordelon, President and Chief Executive Officer of the Company and the Bank. “Such a robust economy played a key role in our strongest quarterly results of the year.”