Home Bancorp, Inc. · NASDAQ:HBCP
Home Bancorp — Investor Presentation (February 2023)
24 slides from Home Bancorp's investor presentation, Feb 2, 2023
Slide 1: Home Bancorp, Inc. 2022 Investor Presentation
Home Bancorp, Inc. 2022 Investor Presentation
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: $3.2 billion at December 31, 2022 • Market Cap: $315
Slide 4: Quarterly Financial Highlights
Quarterly Financial Highlights (dollars in thousands, except per share data) 3Q 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Profitability Net income $ 15,059 $ 10,238 $ 4,401 $ 8,461 $ 10,434 $ 10,776 Diluted EPS 1.79 1.23 0.53 1.03 1.28 1.32 ROA 2.17 % 1.38 % 0.60 % 1.03 % 1.27 % 1.35 % ROE 17.5 1
Slide 5: Asset Growth
Asset Growth Acquired Bank Date Assets ($ in MM) (at completion) % of TBV (at announcement) # of Branches Consideration Statewide Bank March 2010 $199 FDIC-assisted 6 All Cash Guaranty Savings Bank July 2011 257 95% 5 All Cash Britton & Koontz Bank February 2014 301 90% 8 All Cash Bank of New Orlean
Slide 6: Texan Bank Acquisition Update
Texan Bank Acquisition Update 6 Timeline • Announced – 12/15/2021 • Legal – 3/26/2022 • Conversion – 6/25/2022 101 days 91 days Consideration & Forecast Metrics • 100% cash - $67MM deal value • 3.5 year TBV payback • 14% accretive to EPS in year 1 ◦ > 20% thereafter • Projected 10% loan growth Acqui
Slide 7: Earnings
($ in millions) $7.3 $9.9 $12.6 $16.0 $16.8 $31.6 $27.9 $24.8 $48.6 $34.1 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 $4.16 Q1 Q2 Q3 Q4 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 8: Profitability
Profitability 1.04 1.46 1.27 0.99 1.76 1.07 1.58 1.86 1.61 1.50 1.36 1.57 GAAP Adjusted Pre-Tax Income 2017 2018 2019 2020 2021 2022 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 1.6% 1.8% 2.0% Return on Average Assets 8.6 10.9 9.0 7.8 14.4 10.2 13.1 13.9 11.3 11.0 10.5 14.8 GAAP Adjusted Pre-Tax Income 2
Slide 9: Steady Organic Loan Growth
Steady Organic Loan Growth (excludes acquisition accounting) Lo an B al an ce O ut st an di ng ($ 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 2022 — 500 1,000 1,500 2,000 2,500 3
Slide 10: Loan Portfolio Excluding PPP Loans as of December 31, 2022
Loan Portfolio Excluding PPP Loans as of December 31, 2022 CRE, 52% 1-4 Mortgage, 16% C&I, 15% C&I, 13% Home Equity, 3% Consumer, 1% Composition Market Diversification Acadiana, 31% New Orleans, 28% Houston, 15% Northshore, 13% Baton Rouge, 11% Mississippi, 2% | 10 CRE Loan Portfolio • Owner Occupie
Slide 11: Changes in ALL
($ in m ill io ns ) $17.9 $4.6 $12.7 $(2.3) $(10.2) $(1.7) $1.4 $3.8 $3.7 $(0.7) $22.5 $33.0 $21.1 $29.3 Dec 2019 CECL Impact Day 1 ALL Provision Net Charge- offs Dec 2020 Provision Net Charge- offs Dec 2021 Allowance for Texan Bank Acquired PCD Loans Provision for Texan Loan Portfolio Organic Provi
Slide 12: Credit Quality Trends
Credit Quality Trends 1.07 1.16 1.21 1.30 0.77 0.49 0.34 0.84 1.01 0.72 0.75 0.40 0.28 0.14 NPAs / Total Assets Originated NPAs / Total Assets 2016 2017 2018 2019 2020 2021 2022 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 2020 20
Slide 13: Deposits
Acadiana 54% New Orleans 15% Northshore 10% Houston 10% Mississippi, 7% Baton Rouge, 4% Deposits $ in m ill io ns 25% 25% 24% 28% 30% 34% 26% 27% 28% 29% 31% 25% 16% 17% 15% 15% 15% 16% 21% 20% 22% 17% 13% 13% 12% 11% 11% 11% 11% 12% Demand deposits NOW Money Market Certificates of deposit Savings B
Slide 14: Yields
Yields 4.11 4.14 3.75 4.16 3.53 3.39 3.76 4.11 4.38 4.06 3.88 3.71 3.64 3.29 3.31 3.73 4.11 4.39 NIM NIM Excl. PPP 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 3.00% 3.50% 4.00% 4.50% NIM (TE)(1) 5.20 5.21 4.95 5.60 5.12 4.88 4.94 5.17 5.43 5.31 5.03 5.06 5.00 4.83 4.79 4.
Slide 15: Interest Rate Risk
Interest Rate Risk Rate Shock 1 Year % Change in NII -100 (2.4)% +100 1.9% +200 3.7% +300 5.3% Percent (%) of assets 2019 2022 Cash 2 3 Investments 12 15 Loans, excluding PPP 78 75 Other Assets 8 7 NMD - noninterest-bearing 20 28 NMD - interest-bearing 45 43 CDs 18 10 Total Deposits 83 82 Advances 2
Slide 16: Noninterest Income & Expense
Noninterest Income & Expense 0.62 0.62 0.62 0.57 0.54 0.44 2017 2018 2019 2020 2021 2022 0.40% 0.50% 0.60% 0.70% 0.80% Noninterest Income(1) /Assets 2.79 2.83 2.87 2.53 2.41 2.51 2017 2018 2019 2020 2021 2022 2.00% 2.50% 3.00% 3.50% Noninterest Expense(1) /Assets (1) Excludes noncore items. See appe
Slide 17: HBCP Stock Performance
| 17 Total Return (Daily %) - 3 Years Total Return (Monthly %) - Since 2008 HBCP Stock Performance (as of January 27, 2023) | 17 HBCP-Total Return (Monthly)(%) S&P United States BMI Banks Index-Total Return (Monthly)(%) ISTR-Total Return (Monthly)(%) BFST-Total Return (Monthly)(%) FGBI-Total Return
Slide 18: Capital
Capital $0.30 $0.41 $0.55 $0.71 $0.84 $0.88 $0.91 $0.93 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 10.4 15.3 15.2 15.9 13.6 Tier 1 leverage capital Total risk-based capital 2019 2020 2021 2022 0.00% 5.00% 10.00% 15.00% 20.00% Ca
Slide 19: 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 | 19
Slide 20: We are one team, creating exceptional customer experiences
WE ARE ONE TEAM, CREATING EXCEPTIONAL CUSTOMER EXPERIENCES | 20
Slide 21: (dollars in thousands, except per share data) 3Q 2021 4Q 1 1Q 2022 2Q
(dollars in thousands, except per share data) 3Q 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Total shareholders' equity $ 344,149 $ 351,903 $ 337,504 $ 329,124 $ 316,656 $ 329,954 Less: intangible assets 62,229 61,949 87,569 88,309 87,839 87,973 Non-GAAP tangible shareholders' equity $ 281,920 $ 28
Slide 22: (dollars in thousands) 3Q 2021 4Q 2021 1Q 2022 2Q 2022 3Q 22 4Q
(dollars in thousands) 3Q 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Reported net income $ 15,059 $ 10,238 $ 4,401 $ 8,461 $ 10,434 $ 10,776 Less: PPP loan income 4,742 2,201 799 402 132 26 Less: BOLI benefitt 1,717 — — — — — Less: gain (loss) on sale of assets (3) (44) 5 (6) 18 9 Less: loan disco
Slide 23: Appendix (non-GAAP reconciliation)
Appendix (non-GAAP reconciliation) (dollars in thousands) 2017 2018 2019 2020 2021 2022 Total shareholders' equity $ 277,871 $ 304,040 $ 316,329 $ 321,842 $ 351,903 $ 329,954 Less: intangible assets 68,033 66,055 64,472 63,112 61,949 87,973 Non-GAAP tangible shareholders' equity $ 209,838 $ 237,985
Slide 24: (dollars in thousands) 2017 2018 Reported noninterest income $ 9,962 $ 13,447 $ 14,415
(dollars in thousands) 2017 2018 2019 2020 2021 2022 Reported noninterest income $ 9,962 $ 13,447 $ 14,415 $ 14,305 $ 16,271 $ 13,885 Less: BOLI benefit — — 1,194 — 1,717 — Less: gain (loss) on sale of assets (69) — (347) — (504) 26 Non-GAAP noninterest income $ 10,031 $ 13,447 $ 13,568 $ 14,305 $ 1