Home Bancorp Inc

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Earnings Announcements, Mergers / Acquisitions

Home Bancorp Announces Agreement To Acquire Friendswood Capital Corporation

Published: 12/15/2021 22:56 GMT
Home Bancorp Inc (HBCP) - Home Bancorp, Inc. Announces Expansion Into Houston and Agreement to Acquire Friendswood Capital Corporation.
Home Bancorp Inc - Will Acquire Friendswood in an All-cash Transaction.
Home Bancorp Inc - Shareholders of Friendswood Will Receive $15.34 per Share in Cash, Or $66.6 Million in Aggregate.
Home Bancorp Inc - Merger Agreement Also Provides That Texan Bank Will Be Merged With and Into Home Bank, With Home Bank As Survivor.
Home Bancorp Inc - Anticipates Transaction Will Be Over 20% Accretive to Earnings per Share Once Cost Savings Are Fully Realized.
Home Bancorp Inc - Anticipates Transaction Will Be and Accretive to Tangible Book Value per Share Within 3.5 Years of Closing.
Home Bancorp Inc - No Additional Capital Will Be Needed by Home Bancorp to Complete Transaction.
Home Bancorp Inc - Kenny Koncaba, CEO of Friendswood Will Remain Active in Combined Company As Houston Market President.
Revenue is expected to be $28.61 Million
Adjusted EPS is expected to be $1.06

Next Quarter Revenue Guidance is expected to be $27.17 Million
Next Quarter EPS Guidance is expected to be $0.82

More details on our Analysts Page.