Home Bancorp, Inc. (NASDAQ:HBCP) Q1 2024 Earnings Call Transcript

John Bordelon: No, we do not. We think it’s a tremendous market and the people that we have there, including the new group that we’ve pulled out in the fourth quarter, are doing a great job of staying in the arena that we want to play in. So I know a lot of banks complain about going to Texas and you have to play big to get anything. We’re not seeing that. The talent that we have there is keeping it in the type of portfolio type of loans that we’re searching for and doing a very good job and doing it at a high volume. So we’re very excited about what’s going on there. And unfortunately, we didn’t get the M&A deal that we wanted to help us expand in the Houston market, but I’m sure there’ll be other opportunities in that market to come.

Joseph Yanchunis: Okay. And then last one for me here. So we heard from a lot of banks this earnings call that their outlook call for an acceleration in loan growth throughout 2024. But kind of based on your reiterated outlook, it seems like for it to reach the high end of your guide that loan growth would remain stable? Do you have a sense for why there’s a disconnect there.

John Bordelon: No. I really don’t. I think if we probably wouldn’t be so optimistic without our Houston franchise. Things are slowing a little bit more in Louisiana than they are in Texas. But I do believe every market is slowing to some degree, but Texas is keeping as propped up. So that’s the only explanation I can find.

Joseph Yanchunis: Okay. Great. Well, thank you for taking my questions.

John Bordelon: Thank you, Joe. Have a good one.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to John Bordelon for any closing remarks.

John Bordelon: Once again, thank you all for joining us today. We look forward to speaking to many of you in the coming days and weeks. Thank you for your interest in Home Bancorp. Hope you have a wonderful day.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.