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First Home Bancorp completes 2-for-1 stock split

First Home Bancorp Inc. declared a 2-for-1 stock split, effective Feb. 1.

The Saint Petersburg, Fla.-based company's board also declared a dividend of 9 cents per share, payable March 15 to shareholders of record Feb. 15.

The recent dividend is lower than the previous dividend of 12 cents per share. However, CEO Anthony Leo said that the 9-cents-per-share dividend represents a 50% quarter-over-quarter increase if the stock split is factored in.

Also, First Home Bancorp expects to open its fourth banking center in Clearwater, Fla., in the second quarter.

Meanwhile, the company reported fourth-quarter 2017 net income of $1.5 million, compared to the year-ago period's $1.3 million.