Kroll Bond Rating Agency Assigns BBB/K3 Senior Long-Term & Short-Term Debt Ratings for HomeBancorp, Inc.

NEW YORK--()--Kroll Bond Rating Agency (KBRA) has assigned the senior unsecured debt rating of BBB, subordinated debt rating of BBB-, and short-term debt rating of K3 for HomeBancorp, Inc. (“the Company”), a bank holding company headquartered in Tampa, Florida. In addition, KBRA has assigned the senior unsecured debt/deposit rating of BBB+, the subordinated debt rating of BBB and short-term debt rating and short-term deposit rating of K2 for the subsidiary bank, HomeBanc National Association (“the Bank”). The outlook on all long-term ratings is stable.

The ratings are supported by HomeBancorp’s experienced management team, very strong asset quality metrics, unique brand and delivery model for its retail deposit services and economically favorable operating footprint. However, these factors are counterbalanced by the Company’s geographic concentration of its banking operations, high concentrations in real estate loans, and persistent below-peer net interest margin coupled with its increasing reliance upon spread-derived income.

The ratings are based on KBRA’s Global Bank and Bank Holding Company Rating Methodology, published on February 19, 2016.

To view the report, please click here.

About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

Contacts

Kroll Bond Rating Agency
Analytical:
M Scott Durant, 301-969-3248
Associate Director
sdurant@kbra.com
or
Joseph Scott, 646-731-2438
Managing Director
jscott@kbra.com
or
Christopher Whalen, 646-731-2366
Senior Managing Director
cwhalen@kbra.com
or
Follow us on Twitter!
@KrollBondRating

Contacts

Kroll Bond Rating Agency
Analytical:
M Scott Durant, 301-969-3248
Associate Director
sdurant@kbra.com
or
Joseph Scott, 646-731-2438
Managing Director
jscott@kbra.com
or
Christopher Whalen, 646-731-2366
Senior Managing Director
cwhalen@kbra.com
or
Follow us on Twitter!
@KrollBondRating