Home Bancorp, Inc. · NASDAQ:HBCP
Home Bancorp — Hovde Financial Services Conference 2021
23 slides from Home Bancorp's conference presentation, Nov 4, 2021
Slide 1: Hovde Financial Services Conference November 4-5, 2021
Hovde Financial Services Conference November 4 - 5, 2021
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 • Five acquisitions completed since 2010 • 39 locations across south LA and western MS Highlights: • Total Assets: $2.8 billion at September 30, 2021 • Market Cap: $340 millio
Slide 4: Quarterly Financial Highlights
Quarterly Financial Highlights (dollars in thousands, except per share data) 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 Profitability Net income $ 8,782 $ 10,580 $ 11,928 $ 11,396 $ 15,059 Diluted EPS 1.01 1.24 1.41 1.34 1.79 ROA 1.35 % 1.62 % 1.85 % 1.67 % 2.17 % ROE 11.1 13.2 14.8 13.7 17.5 ROATCE(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 ) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Sep- 21 YTD 500 1,000 1,500 2,000 2,500 3,000 Asset Growth Acquired Bank Date Assets ($ in MM) (at completion) % of TBV (at announcement) # of Branches Consideration Statewide Bank Ma
Slide 6: Earnings: Net Income and Diluted EPS
($ in millions) $9.2 $7.3 $9.9 $12.6 $16.0 $16.8 $31.6 $27.9 $24.8 $38.4 Q1 Q2 Q3 Q4 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 $0 $10 $20 $30 $40 $50 Net Income test $1.28 $1.06 $1.42 $1.79 $2.25 $2.28 $3.40 $3.05 $2.85 $4.54 Q1 Q2 Q3 Q4 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 $0.0
Slide 7: Profitability
Profitability 0.94 1.04 1.04 1.46 1.27 0.99 1.90 2015 2016 2017 2018 2019 2020 Sep-21 YTD 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 1.6% 1.8% 2.0% Return on Average Assets 7.8 9.2 8.6 10.9 9.0 7.8 15.4 2015 2016 2017 2018 2019 2020 Sep-21 YTD 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% Retu
Slide 8: Loan Balance Outstanding
Lo an B al an ce O ut st an di ng ($ 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 Sep- 21 YTD — 250 500 750 1,000 1,250 1,500 1,750 2,000 2,250 Organic Loan Growth (excludes acquisitio
Slide 9: Loan Portfolio Excluding PPP Loans
Loan Portfolio Excluding PPP Loans (as of September 30, 2021) CRE, 50% 1-4 Mortgage, 20% C&D, 14% C&I, 11% Home Equity, 3% Consumer, 2% Composition Market Diversification Acadiana, 35% New Orleans, 34% Northshore, 15% Baton Rouge, 13% Mississippi, 3% | 9
Slide 10: Select Industry Exposure
Select Industry Exposure (as of September 30, 2021) Retail, 10% Hotels and short- term rentals, 6% Restaurants and bars, 4% Energy, 2% Other, 78% Loans Excluding PPP COVID-19 Loan Deferrals As of Deferred Amount (in millions) % of Total Loans 6/30/2020 $559 28% 12/31/2020 $36 2% 9/30/2021 $4 less th
Slide 11: Changes in Allowance for Loan Losses
($ in m ill io ns ) $17.9 $4.6 $12.7 $(2.3) $(7.5) $(1.3) $22.5 $33.0 $24.1 Dec 2019 CECL Impact Day 1 ALL Provision Net Charge- offs Dec 2020 Provision Net Charge- offs Sep 2021 $0 $10 $20 $30 $40 • Day 1 ALL / total loans = 1.31% • Reversal of ALL in 2021 reflected improvement in our assessment of
Slide 12: Credit Quality Trends
Credit Quality Trends 0.73 1.07 1.16 1.21 1.30 0.77 0.56 0.37 0.84 1.01 0.72 0.75 0.40 0.34 NPAs / Total Assets Originated NPAs / Total Assets 2015 2016 2017 2018 2019 2020 Sep-21 YTD 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% NPAs / Assets title 0.03 0.02 0.00 0.15 0.09 0.12 0.09 2015 2016 2017 2018 2
Slide 13: Deposits
Acadiana 61% New Orleans 15% Northshore 11% Mississippi 9% Baton Rouge, 4% Deposits $ in m ill io ns 24% 25% 25% 24% 28% 31% 24% 26% 27% 28% 29% 28% 22% 21% 20% 22% 17% 14% 21% 16% 17% 15% 15% 15% 9% 12% 11% 11% 11% 12% Demand deposits NOW Certificates of deposit Money Market Savings Balance 2016 20
Slide 14: Yields
Yields 4.12 4.14 4.18 3.76 3.82 4.11 4.14 3.75 4.16 3.96 4.06 3.88 3.71 3.64 NIM NIM Excl. PPP 3Q 2019 4Q 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4.00% 3.50% 3.75% 4.25% NIM (TE)(1) 5.46 5.48 5.43 5.02 4.94 5.20 5.21 4.95 5.60 5.23 5.28 5.31 5.03 5.06 5.00 Loan Yield Loan Yield
Slide 15: Noninterest Income & Expense
Noninterest Income & Expense 0.65 0.68 0.62 0.62 0.62 0.57 0.57 2015 2016 2017 2018 2019 2020 Sep-21 YTD 0.55% 0.60% 0.65% 0.70% Noninterest Income(1) / Assets 3.04 2.98 2.79 2.83 2.87 2.53 2.42 2015 2016 2017 2018 2019 2020 Sep-21 YTD 2.00% 2.50% 3.00% 3.50% Noninterest Expense(1) / Assets • Strong
Slide 16: HBCP Stock Performance
| 16 Total Return (Daily %) - 3 Years Total Return (Monthly %) - Since 2008 HBCP Stock Performance (as of October 27, 2021) | 16 HBCP S&P US Banks Index ISTR BFST FGBI HWC 10/18 1/19 4/19 7/19 9/19 12/19 3/20 6/20 8/20 11/20 2/21 5/21 7/21 10/21 -100 -50 0 50 100 2008 2009 2010 2011 2012 2013 2014 2
Slide 17: Capital, Dividends and Share Repurchase Activity
Capital $0.07 $0.30 $0.41 $0.55 $0.71 $0.84 $0.88 $0.91 Q1 Q2 Q3 Q4 2014 2015 2016 2017 2018 2019 2020 2021 $0.00 $0.25 $0.50 $0.75 $1.00 Dividends Per Share 11.2 11.2 9.7 10.1 15.6 15.3 15.2 15.6 Tier 1 leverage capital Total risk-based capital 2018 2019 2020 2021 0% 5% 10% 15% 20% Capital Ratios (
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) 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 Total shareholders' equity $ 315,068 $ 321,842 $ 328,610 $ 337,812 $ 344,149 Less: intangible assets 63,439 63,112 62,813 62,520 62,229 Non-GAAP tangible shareholders' equity $ 251,629 $ 258,730 $ 265,797 $ 275,292
Slide 21: Appendix (non-GAAP reconciliation)
(dollars in thousands) 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 Reported net income $ 8,782 $ 10,580 $ 11,928 $ 11,396 $ 15,059 Less: PPP loan income 1,729 2,793 3,894 2,372 4,742 Add: provision (reversal) for loan losses — — (1,703) (3,425) (2,385) Add: provision for credit losses on unfunded commit
Slide 22: Appendix (non-GAAP reconciliation)
Appendix (non-GAAP reconciliation) (dollars in thousands) 2015 2016 2017 2018 2019 2020 Sep-21 YTD Total shareholders' equity $ 165,046 $ 179,843 $ 277,871 $ 304,040 $ 316,329 $ 321,842 $ 344,149 Less: intangible assets 15,304 12,762 68,033 66,055 64,472 63,112 62,229 Non-GAAP tangible shareholders'
Slide 23: Appendix (non-GAAP reconciliation)
(dollars in thousands) 2015 2016 2017 2018 2019 2020 Sep-21 YTD Reported noninterest income $ 8,770 $ 11,157 $ 9,962 $ 13,447 $ 14,415 $ 14,305 $ 12,737 Less: BOLI benefit — — — — 1,194 — 1,717 Less: gain (loss) on sale of assets — 641 (69) — (347) — (457) Non-GAAP noninterest income $ 8,770 $ 10,51
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