Home Bancorp, Inc. · NASDAQ:HBCP
Home Bancorp — Burkenroad Investment Conference 2019
19 slides from Home Bancorp's conference presentation, Apr 26, 2019
Slide 1: Burkenroad Investment Conference April 26, 2019
Burkenroad Investment Conference APRIL 26, 2019 1
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,
Slide 3: Our Company
3 Our Company • Headquartered in Lafayette, Louisiana • Founded in 1908 • IPO completed October 2008 • Ticker symbol: HBCP (NASDAQ Global ) • Market Cap = $ 346MM as of April 23, 2019 • Assets = $2.2 billion as of March 31, 2019 (third largest Louisiana - based bank as of December 31, 2018) • 39 loc
Slide 4: Earnings: Net Income and Diluted EPS
4 Earnings Net Income ($ millions) Diluted EPS Year over year record earnings & EPS since 2014 $7.9 $9.2 $7.3 $9.9 $12.6 $16.0 $16.8 $31.6 $0 $5 $10 $15 $20 $25 $30 $35 2012 2013 2014 2015 2016 2017 2018 2019 Q1 Q2 Q3 Q4 $0.85 $1.28 $1.06 $1.42 $1.79 $2.25 $2.28 $3.40 $0.00 $0.50 $1.00 $1.50 $2.00 $
Slide 5: Profitability
5 Profitability (1,2) Return on Average Assets Return on Average Equity Return on Tangible Common Equity Efficiency Ratio (1) See appendix for reconciliation of Non - GAAP items (2) Peers are publicly owned banks with $1 - $3 billion in assets. Source: S&P Global 0.80% 0.94% 1.04% 1.04% 1.46% 1.48%
Slide 6: Disciplined Acquirer Since IPO
300,000 600,000 900,000 1,200,000 1,500,000 1,800,000 2,100,000 2,400,000 2,700,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 1Q 2019 Home Bank Total Assets ($000s) St. Martin Bank & Trust Statewide Bank Britton & Koontz Bank Bank of New Orleans CAGR = 14.9% Guaranty Savings Bank 6 Disc
Slide 7: Steady Organic Loan Growth
7 Steady Organic Loan Growth (excludes acquisition accounting) 0% 7% 24% 13% 18% 19% 11% 12% 6% 16% 6% - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Q1 2019 Loan Balance Outstanding ($000s) Originated Acquir
Slide 8: Loan Portfolio (as of March 31, 2019)
8 Loan Portfolio (as of March 31, 2019) Composition Market Diversification Acadiana 46% New Orleans 28% Northshore 13% Baton Rouge 9% Mississippi 3% Other 1% Balance = $1.6 billion, 75% of assets 1Q 2019 Yield = 5.64% CRE 43% 1 - 4 Mortgage 27% C&D 12% C&I 10% Home Equity 5% Consumer 3%
Slide 9: Loan Portfolio: CRE, 1-4 Family, Construction and Land
9 Loan Portfolio (as of March 31, 2019) CRE & Multifamily 1 - 4 Family Construction & Land Office Building , 25% Medical , 13% Shopping Center , 10% Retail , 8% Multifamily , 6% Restaurant , 6% Leasing , 4% Professional Office , 5% Hotel , 5% Energy , 4% Service Company , 3% Warehouse , 3% Other , 3
Slide 10: Credit Quality
10 Credit Quality ALLL % 1.05% 1.07% 1.09% 0.89% 0.87% 0.92% 0.96% 0.99% 1.00% 1.38% 1.40% 1.40% 1.52% 1.40% 1.40% 1.38% 1.36% 1.34% 0.6% 0.8% 1.0% 1.2% 1.4% 1.6% 1Q-17 2Q-17 3Q-17 4Q-17 1Q-18 2Q-18 3Q-18 4Q-18 1Q-19 Reported ALLL Originated ALLL NPAs (in millions) $13.8 $14.4 $16.6 $22.5 $23.5 $18.
Slide 11: Deposits (as of March 31, 2019)
11 Deposits (as of March 31, 2019) 21% 21% 24% 26% 27% 28% 27% 24% 24% 25% 25% 24% 22% 22% 22% 21% 20% 21% 22% 24% 21% 16% 17% 16% 8% 9% 9% 12% 11% 11% $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 2014 2015 2016 2017 2018 Q1 2019 Millions NOW Demand deposits Certificates of deposit Money market Sa
Slide 12: Net Interest Margin (TE)
12 Net Interest Margin (TE) 4.41% 3.66% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00% 2012 2013 2014 2015 2016 2017 2018 Q1-19 Home Bank Peer Median(1) 0.75% spread • Continually higher NIM than peers • Total loan yield in 1Q 2019 = 5.64% • Originated loan yield = 5.42% • Acquired loan yield
Slide 13: Interest Rate Risk
13 Interest Rate Risk 1 Year Change in Net Interest Income (change from base case) Cost of Interest Bearing Liabilities 0.50% 1.04% 0.75% 2.50% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 4Q-16 1Q-17 2Q-17 3Q-17 4Q-17 1Q-18 2Q-18 3Q-18 4Q-18 1Q-19 Cost of Interest Bearing Liabilities Fed Funds Spread
Slide 14: Non-Interest Income & Expense
14 Non - Interest Income & Expense (1,2) Non - Interest Income / Average Assets 0.59% 0.70% 0.5% 0.6% 0.7% 0.8% 0.9% 1.0% 1.1% 2012 2013 2014 2015 2016 2017 2018 Mar 2019 YTD Home Bancorp Peer Median Non - Interest Expense / Average Assets 2.86% 2.79% 2.4% 2.6% 2.8% 3.0% 3.2% 3.4% 3.6% 2012 2013 201
Slide 15: HBCP Stock Performance 12/31/2008 – 4/23/2019
15 HBCP Stock Performance 12/31/2008 – 4/23/2019 -50% 0% 50% 100% 150% 200% 250% 300% 350% 400% 450% D-08 M-09 J-09 S-09 D-09 M-10 J-10 S-10 D-10 M-11 J-11 S-11 D-11 M-12 J-12 S-12 D-12 M-13 J-13 S-13 D-13 M-14 J-14 S-14 D-14 M-15 J-15 S-15 D-15 M-16 J-16 S-16 D-16 M-17 J-17 S-17 D-17 M-18 J-18 S-18
Slide 16: Investment Perspective
INVESTMENT PERSPECTIVE 16 Strong earnings and shareholder returns Conservative, well - managed credit culture Solid track record since IPO Well capitalized with capacity for continued growth Bank capital ratios as of March 31, 2019 Tier 1 leverage capital = 10.9% Total risk based capital = 15.2% Dis
Slide 17: Growing. Investing. Serving.
GROWING. INVESTING. SERVING. Home Bancorp, Inc. is a Louisiana corporation and the holding company for Home Bank, National Association, a national bank headquartered in Lafayette, Louisiana. Home Bank, N.A. offers a full range of deposit and loan products through convenient banking centers in growin
Slide 18: Appendix: Non-GAAP Reconciliation
18 Appendix Non - GAAP Reconciliation (dollars in thousands) 2014 2015 2016 2017 2018 Q1 2019 Total Shareholders' Equity $154,144 $165,046 $179,843 $277,871 $304,040 $308,935 Less: Intangible assets 4,266 15,304 12,762 68,034 66,055 65,645 Non - GAAP tangible shareholders' equity $149,878 $149,742 $
Slide 19: Appendix: Non-GAAP Reconciliation
19 Appendix Non - GAAP Reconciliation (dollars in thousands) 2014 2015 2016 2017 2018 Q1 2019 Reported non - interest income $8,175 $8,770 $11,157 $9,962 $13,447 $3,165 Less: Gain on sale of assets - - 641 (69) - - Non - GAAP non - interest income $8,175 $8,770 $10,516 $10,031 $13,447 $3,165 Reporte