Slide 1: Home Bancorp, Inc. Q2 2022 Investor Presentation
Home Bancorp, Inc. Q2 2022 Investor Presentation August 2022
Slide 2: Forward-looking statements
Certain comments in this presentation contain certain forward looking statements (as defined in the Securities Exchange Act of 1934 and the regulations thereunder). Forward looking statements are not historical facts but instead represent only the beliefs, expectations or opinions of Home Bancorp, I
Slide 3: Our Company
Our Company Headquarters: Lafayette, LA Ticker: HBCP (NASDAQ Global) History: • Founded in 1908 • IPO completed October 2008 • Six acquisitions completed since 2010 • 43 locations across south LA, western MS and Houston Highlights: • Total Assets: $3.4 billion at June 30, 2022 • Market Cap: $332 mil
Slide 4: Quarterly Financial Highlights
Quarterly Financial Highlights (dollars in thousands, except per share data) 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Profitability Net income $ 11,396 $ 15,059 $ 10,238 $ 4,401 $ 8,461 Diluted EPS 1.34 1.79 1.23 0.53 1.03 ROA 1.67 % 2.17 % 1.38 % 0.60 % 1.03 % ROE 13.7 17.5 11.7 5.1 10.2 ROATCE(1) 1
Slide 5: Total Assets and Acquisition History
H om e B an k To ta l A ss et s ($ in m ill io ns ) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Jun-22 YTD 1,000 2,000 3,000 4,000 Asset Growth Acquired Bank Date Assets ($ in MM) (at completion) % of TBV (at announcement) # of Branches Consideration Statewide Bank March 2010 $1
Slide 6: Earnings
($ in millions) $7.3 $9.9 $12.6 $16.0 $16.8 $31.6 $27.9 $24.8 $48.6 $12.9 Q1 Q2 Q3 Q4 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 $0 $10 $20 $30 $40 $50 $60 Net Income test $1.06 $1.42 $1.79 $2.25 $2.28 $3.40 $3.05 $2.85 $5.77 $1.56 Q1 Q2 Q3 Q4 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 7: Profitability
Profitability 1.04 1.46 1.27 0.99 1.76 0.60 1.03% 1.58 1.86 1.61 1.50 1.36 1.14 1.46% GAAP Adjusted Pre-Tax Income 2017 2018 2019 2020 2021 1Q 2022 2Q 2022 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 1.6% 1.8% 2.0% Return on Average Assets 8.6 10.9 9.0 7.8 14.4 5.1 10.2 13.1 13.9 11.3 11.0 10.5 9.6 14.4
Slide 8: Loan Balance Outstanding
Lo an B al an ce O ut st an di ng ($ in m ill io ns ) Originated Acquired PPP Loans Originated growth % (annualized & excluding PPP) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Jun- 22 YTD — 500 1,000 1,500 2,000 2,500 Organic Loan Growth (excludes acquisition accounting &
Slide 9: Loan Portfolio Excluding PPP Loans
Loan Portfolio Excluding PPP Loans (as of June 30, 2022) CRE, 47% 1-4 Mortgage, 17% C&D, 14% C&I, 13% Multifamily, 5% Home Equity, 3% Consumer, 1% Composition Market Diversification Acadiana, 30% New Orleans, 29% Houston, 15% Northshore 13% Baton Rouge, 11% MS, 2% | 9 CRE Loan Portfolio • Owner Occu
Slide 10: Changes in Allowance for Loan Losses
($ in m ill io ns ) $17.9 $4.6 $12.7 $(2.3) $(10.2) $(1.7) $2.3 $3.8 $(3.2) $(0.3) $22.5 $33.0 $21.1 $23.7 Dec 2019 CECL Impact Day 1 ALL Provision Net Charge- offs Dec 2020 Provision (reversal) Net Charge- offs Dec 2021 Allowance for Texan Bank Acquired PCD Loans Provision for Texan Loan Portfolio
Slide 11: Credit Quality Trends
Credit Quality Trends 1.07 1.16 1.21 1.30 0.77 0.49 0.560.84 1.01 0.72 0.75 0.40 0.28 0.16 NPAs / Total Assets Originated NPAs / Total Assets 2016 2017 2018 2019 2020 2021 Jun-22 YTD 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% NPAs / Assets title 0.02 0.00 0.15 0.09 0.12 0.09 0.03 2016 2017 2018 2019 20
Slide 12: Deposits
Acadiana 52% New Orleans 16% Houston 12% Northshore 9% Mississippi, 7% Baton Rouge, 4% Deposits $ in m ill io ns 25% 25% 24% 28% 30% 32% 26% 27% 28% 29% 31% 27% 21% 20% 22% 17% 13% 13% 16% 17% 15% 15% 15% 17% 12% 11% 11% 11% 11% 11% Demand deposits NOW Certificates of deposit Money Market Savings Ba
Slide 13: Yields
Yields 3.76 3.82 4.11 4.14 3.75 4.16 3.53 3.39 3.76 3.88 3.71 3.64 3.29 3.31 3.73 NIM NIM Excl. PPP 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 3.00% 3.50% 4.00% 4.50% NIM (TE)(1) 5.02 4.94 5.20 5.21 4.95 5.60 5.12 4.88 4.94 5.23 5.28 5.31 5.03 5.06 5.00 4.83 4.79 4.91 Lo
Slide 14: Interest Rate Risk
Interest Rate Risk Rate Shock 1 Year % Change in NII -100 (9.1)% +100 4.2% +200 8.2% +300 12.2% Forward Curve 6.0% % of assets 2019 2022Q2 Cash 2% 13% Investments 12% 14% Loans, excluding PPP 78% 66% Other Assets 8% 7% NMD - noninterest-bearing 20% 28% NMD - interest-bearing 45% 47% CDs 18% 12% Tota
Slide 15: Noninterest Income & Expense
Noninterest Income & Expense 0.68 0.62 0.62 0.62 0.57 0.54 0.45 2016 2017 2018 2019 2020 2021 Jun-22 YTD 0.40% 0.50% 0.60% 0.70% Noninterest Income(1) / Assets 2.98 2.79 2.83 2.87 2.53 2.41 2.45 2016 2017 2018 2019 2020 2021 Jun-22 YTD 2.00% 2.50% 3.00% 3.50% Noninterest Expense(1) / Assets • Natche
Slide 16: HBCP Stock Performance
| 16 Total Return (Daily %) - 3 Years Total Return (Monthly %) - Since 2008 HBCP Stock Performance (as of August 8, 2022) | 16 HBCP S&P US Banks Index ISTR BFST FGBI HWC 8/19 11/19 1/20 4/20 7/20 10/20 12/20 3/21 6/21 9/21 11/21 2/22 5/22 8/22 -100 -50 0 50 100 2008 2009 2010 2011 2012 2013 2014 201
Slide 17: Capital
Capital $0.30 $0.41 $0.55 $0.71 $0.84 $0.88 $0.91 $0.46 Q1 Q2 Q3 Q4 2015 2016 2017 2018 2019 2020 2021 2022 $0.00 $0.25 $0.50 $0.75 $1.00 Dividends Per Share 11.2 9.7 9.8 8.7 9.3 15.3 15.2 15.9 12.3 13.7 Tier 1 leverage capital Total risk-based capital 2019 2020 2021 1Q 2022 2Q 2022 0% 5% 10% 15% 20
Slide 18: Investment Perspective
Investment Perspective Strong earnings and shareholder returns Conservative, well-managed credit culture Well capitalized with capacity for continued growth Market disruption creates new opportunities Disciplined acquirer Insider owners committed to continual improvement | 18
Slide 19: We Are One Team, Creating Exceptional Customer Experiences
WE ARE ONE TEAM, CREATING EXCEPTIONAL CUSTOMER EXPERIENCES | 19
Slide 20: Appendix (non-GAAP reconciliation)
(dollars in thousands, except per share data) 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Total shareholders' equity $ 337,812 $ 344,149 $ 351,903 $ 337,504 $ 329,124 Less: intangible assets 62,520 62,229 61,949 87,569 88,309 Non-GAAP tangible shareholders' equity $ 275,292 $ 281,920 $ 289,954 $ 249,935
Slide 21: Adjusted pre-tax income reconciliation
(dollars in thousands) 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Reported net income $ 11,396 $ 15,059 $ 10,238 $ 4,401 $ 8,461 Less: PPP loan income 2,372 4,742 2,201 800 402 Less: BOLI benefitt — 1,717 — — — Less: gain (loss on sale of assets (457) (3) (44) 5 (6) Less: loan discount accretion 556 58
Slide 22: Appendix (non-GAAP reconciliation)
Appendix (non-GAAP reconciliation) (dollars in thousands) 2017 2018 2019 2020 2021 Jun-22 YTD Total shareholders' equity $ 277,871 $ 304,040 $ 316,329 $ 321,842 $ 351,903 $ 329,124 Less: intangible assets 68,033 66,055 64,472 63,112 61,949 88,309 Non-GAAP tangible shareholders' equity $ 209,838 $ 23
Slide 23: Non-GAAP noninterest income and expense reconciliation
(dollars in thousands) 2017 2018 2019 2020 2021 Jun-22 YTD Reported noninterest income $ 9,962 $ 13,447 $ 14,415 $ 14,305 $ 16,271 $ 7,072 Less: BOLI benefit — — 1,194 — 1,717 — Less: gain (loss) on sale of assets (69) — (347) — (504) — Non-GAAP noninterest income $ 10,031 $ 13,447 $ 13,568 $ 14,305