Home Bancorp, Inc. (Nasdaq: “HBCP”) (the “Company”), the parent company for Home Bank, N.A. (the “Bank”) (www.home24bank.com), reported financial results for the third quarter of 2025. For the quarter, the Company reported net income of $12.4 million, or $1.59 per diluted common share (“diluted EPS”), up $1.0 million from $11.3 million, or $1.45 diluted EPS, for the second quarter of 2025.
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“Our third quarter results reflect continued strength and stability of the Company,” said John W. Bordelon, President and Chief Executive Officer of the Company and the Bank. “While loan production was slower during the quarter, deposit growth improved reducing our loan to deposit ratio down to our target of 91%. Financial performance remained strong with ROA of 1.41% and a six-basis point NIM expansion to 4.10% for the quarter. Credit metrics reflect an increase in nonperforming and criticized loans during the quarter, but we do not anticipate any losses. We remain focused on proactively identifying and resolving problem loans as quickly as possible.”
Third Quarter 2025 Highlights
— Loans totaled $2.7 billion at September30, 2025, down $58.6 million, or 2.1% (a decrease of 8% on an annualized basis), from June30, 2025.
— Deposits totaled $3.0 billion at September 30, 2025, up $67.3 million, or 2.3% (an increase of 9% on an annualized basis), from June 30, 2025.
— Net interest income in the third quarter of 2025 totaled $34.1 million, up $755,000, or 2%, from the prior quarter.
— The net interest margin (“NIM”) was 4.10% in the third quarter of 2025 compared to 4.04% in the second quarter of 2025.
— Nonperforming assets totaled $30.9 million, or 0.88% of total assets, at September30, 2025 compared to $25.4 million, or 0.73% of total assets, at June30, 2025. This increase in nonperforming assets is primarily due to five loan relationships which were moved to nonaccrual status, partially offset by paydowns in the third quarter of 2025.
— The Company recorded a $229,000 reversal to provision to the allowance for loan losses in the third quarter of 2025, compared to a $489,000 provision in the second quarter of 2025, primarily due to loan reduction which was partially offset by an increase innonaccrual loans during the quarter.
Loans
Loans totaled $2.7 billion at September30, 2025, down $58.6 million, or 2.1%, from June30, 2025. The following table summarizes the changes in the Company's loan portfolio, net of unearned income,from June30, 2025 through September30, 2025.
(dollars in thousands) 9/30/2025 6/30/2025 Increase (Decrease)Real estate loans:One- to four-family first mortgage $ 490,600 $ 504,145 $ (13,545) (3)%Home equity loans and lines 86,885 81,178 5,707 7Commercial real estate 1,175,384 1,218,168 (42,784) (4)Construction and land 325,725 324,574 1,151 -Multi-family residential 184,022 183,809 213 -Total real estate loans 2,262,616 2,311,874 (49,258) (2)Other loans:Commercial and industrial 413,590 421,997 (8,407) (2)Consumer 29,689 30,667 (978) (3)Total other loans 443,279 452,664 (9,385) (2)Total loans $ 2,705,895 $ 2,764,538 $ (58,643) (2)%
The average loan yield was 6.53% for the third quarter of 2025, up 3 basis points from the second quarter of 2025. Yields on loans were impacted by higher rates on new loans and loans paying off at lower rates. We experienced a slow down in loan production and higher than usual pay downs resulting in loan reduction across most of our markets in the third quarter of 2025.
Credit Quality and Allowance for Credit Losses
Nonperforming assets (“NPAs”) totaled $30.9 million, or 0.88% of total assets, at September30, 2025, up $5.5 million, or 22%, from $25.4 million, or 0.73% of total assets, at June30, 2025. The increase in NPAs during the third quarter of 2025 was primarily due to five loan relationships totaling $9.4 million which were put on nonaccrual during the quarter, offset by payoffs and paydowns. During the third quarter of 2025, the Company recorded net loan charge-offs of $376,000, compared to net loan charge-offs of $335,000 during the second quarter of 2025.
The Company reversed the provision to the allowance for loan losses in the amount of $229,000 in the third quarter of 2025. At September30, 2025, the allowance for loan losses totaled $32.8 million, or 1.21% of total loans, compared to $33.4 million, or 1.21% of total loans, at June30, 2025. Provisions to the allowance for loan losses are based upon, among other factors, our estimation of current expected losses in our loan portfolio, which we evaluate on a quarterly basis. Changes in expected losses consider various factors including the changing economic activity, borrower specific information impacting changes in risk ratings, projected delinquencies and the impact of industry-wide loan modification efforts, among other factors.
The following tables present the Company's loan portfolio by credit quality classification as of September30, 2025 and June30, 2025.
September 30, 2025(dollars in thousands) Pass Special Substandard Total MentionOne- to four-family first mortgage $ 483,737 $ – $ 6,863 $ 490,600Home equity loans and lines 85,877 – 1,008 86,885Commercial real estate 1,140,742 3,067 31,575 1,175,384Construction and land 314,986 892 9,847 325,725Multi-family residential 182,731 – 1,291 184,022Commercial and industrial 406,591 – 6,999 413,590Consumer 29,629 – 60 29,689Total $ 2,644,293 $ 3,959 $ 57,643 $ 2,705,895 June 30, 2025(dollars in thousands) Pass Special Substandard Total MentionOne- to four-family first mortgage $ 497,404 $ – $ 6,741 $ 504,145Home equity loans and lines 80,145 – 1,033 81,178Commercial real estate 1,185,738 1,063 31,367 1,218,168Construction and land 317,593 749 6,232 324,574Multi-family residential 182,572 – 1,237 183,809Commercial and industrial 418,831 – 3,166 421,997Consumer 30,632 – 35 30,667Total $ 2,712,915 $ 1,812 $ 49,811 $ 2,764,538
Investment Securities
The Company's investment securities portfolio totaled $384.4 million at September30, 2025, a decrease of $10.1 million, or 3%, from June30, 2025. At September30, 2025, the Company had a net unrealized loss position on its investment securities of $26.5 million, compared to a net unrealized loss of $30.2 million at June30, 2025. The Company's investment securities portfolio had an effective duration of 3.5 years and 3.6 years at September30, 2025 and June30, 2025, respectively. During the third quarter of 2025, the Company made securities purchases of $4.3 million, compared to $4.5 million during the second quarter of 2025. The Company had no securities sales during the third and second quarters of 2025.
The following table summarizes the composition of the Company's investment securities portfolio at September30, 2025.
(dollarsinthousands) Amortized FairValue CostAvailable for sale:U.S. agency mortgage-backed $ 277,168 $ 257,870Collateralized mortgage obligations 63,606 62,465Municipal bonds 53,130 47,810U.S. government agency 11,448 10,951Corporate bonds 4,490 4,244Total available for sale $ 409,842 $ 383,340Held to maturity:Municipal bonds $ 1,065 $ 1,066Total held to maturity $ 1,065 $ 1,066
Approximately 36% of the investment securities portfolio was pledged as of September30, 2025 to secure public deposits. The Company had $140.2 million and $141.7 millionof securities pledged to secure public deposits at September30, 2025 and June30, 2025, respectively.
Deposits
Total deposits were $3.0 billion at September 30, 2025, up $67.3 million, or 2%, from June 30, 2025. Non-maturity deposits increased $52.6 million, or 3%, during the third quarter of 2025 to $2.1 billion. The following table summarizes the changes in the Company's deposits from June 30, 2025 to September 30, 2025.
(dollars in thousands) 9/30/2025 6/30/2025 Increase (Decrease)Demand deposits $ 801,974 $ 796,844 $ 5,130 1%Savings 200,135 204,191 (4,056) (2)Money market 499,404 463,332 36,072 8NOW 641,204 625,793 15,411 2Certificates of deposit 832,786 818,074 14,712 2Total deposits $ 2,975,503 $ 2,908,234 $ 67,269 2%
The average rate on interest-bearing deposits increased 5 basis point from 2.52% for the second quarter of 2025 to 2.57% for the third quarter of 2025. At September30, 2025, certificates of deposit maturing within the next 12 months totaled $810.5 million.
We obtain most of our deposits from individuals, small businesses and public funds in our market areas. The following table presents our deposits per customer type for the periods indicated.
September 30, 2025 June 30, 2025Individuals 52% 52%Small businesses 39 38Public funds 6 7Broker 3 3Total 100% 100%
The total amounts of our uninsured deposits (deposits in excess of $250,000, as calculated in accordance with FDIC regulations) were $894.8million at September30, 2025 and $887.9 million at June30, 2025. Public funds in excess of the FDIC insurance limits are fully collateralized.
Net Interest Income
The net interest margin (“NIM”) increased 6 basis points from 4.04% for the second quarter of 2025 to 4.10% for the third quarter of 2025, primarily due to an increase in average yield on interest-earnings assets and a decline in the average balance and cost for interest-bearing liabilities.
The average cost of interest-bearing deposits increased by 5 basis point in the third quarter of 2025 compared to the second quarter of 2025. The increase in deposit costs was primarily due to a shift in higher cost certificates of deposit and money market accounts and a decrease in lower cost checking and savings accounts.
Average other interest-earning assets were $99.7 million for the third quarter of 2025, up $28.6 million, or 40%, from the second quarter of 2025, primarily due to an increase in the average balance of cash and cash equivalents.
Average FHLB advances were $39.4 million for the third quarter of 2025, a decrease of $74.6 million, or 65%, from the second quarter of 2025 due to paydowns of FHLB advances.
Loan accretion income from acquired loans totaled $347,000 for the third quarter of 2025, down $9,000, or 3%, from the second quarter of 2025.
Noninterest Income
Noninterest income for the third quarter of 2025 totaled $3.7 million, up $22,000, or 1%, from the second quarter of 2025. The increase was related primarily to increases in service fees and charges (up $63,000), gain on sale of loans (up $30,000) and other income (up $25,000), which were partially offset by a decrease in bank card fees (down $104,000) for the third quarter of 2025 compared to the second quarter of 2025.
Noninterest Expense
Noninterest expense for the third quarter of 2025 totaled $22.5 million, up $124,000, or 1%, from the second quarter of 2025. The increase was primarily related to the absence of a reversal to the allowance for credit losses on unfunded commitments ($970,000) in the second quarter of 2025 and an increase in compensation and benefits expense (up $209,000), which were partially offset by decreases in other expenses (down $956,000) primarily due to a write off of an acquired SBA accounts receivable for guarantees that occurred in the second quarter of 2025 and data processing and communications (down $72,000) during the third quarter of 2025.
Capital
At September30, 2025, shareholders' equity totaled $423.0 million, up $14.2 million, or 3%, compared to $408.8 million at June30, 2025. The increase was primarily due to the Company's earnings of $12.4 million and a decrease in the accumulated other comprehensive loss on available for sale investment securities during the third quarter of 2025, which was partially offset by shareholder dividends. Preliminary Tier 1 leverage capital and total risk-based capital ratios were 11.90% and 15.24%, respectively, at September30, 2025, compared to 11.47% and 14.66%, respectively, at June30, 2025.
Dividend and Share Repurchases
The Company announces that its Board of Directors declared a quarterly cash dividend on shares of its common stock of $0.31 per share (an increase of 7% from the previous quarterly cash dividend) payable on November14, 2025, to shareholders of record as of November3, 2025.
The Company repurchased 100 shares of its common stock during the third quarter of 2025 at an average price per share of $52.29. An additional 390,972 shares remain eligible for purchase under the 2025 Repurchase Plan. The book value per share and tangible book value per share of the Company's common stock was $54.05 and $43.29, respectively, at September30, 2025.
Conference Call
Executive management will host a conference call to discuss third quarter 2025 results on Tuesday, October21, 2025 at 10:30 a.m. CDT. Analysts, investors and interested parties may attend the conference call by dialing toll free 1.646.357.8785 (US Local/International) or 1.800.836.8184 (US Toll Free). The investor presentation can be accessed on the day of the presentation on the Home Bancorp, Inc. website at https://home24bank.investorroom.com.
A replay of the conference call and a transcript of the call will be posted to the Investor Relations page of the Company's website, https://home24bank.investorroom.com.
Non-GAAP Reconciliation
This news release contains financial information determined by methods other than in accordance with generally accepted accounting principles (“GAAP”). The Company's management uses this non-GAAP financial information in its analysis of the Company's performance. In this news release, information is included which excludes intangible assets. Management believes the presentation of this non-GAAP financial information provides useful information that is helpful to a full understanding of the Company's financial position and operating results. This non-GAAP financial information should not be viewed as a substitute for financial information determined in accordance with GAAP, nor is it necessarily comparable to non-GAAP financial information presented by other companies. A reconciliation on non-GAAP information included herein to GAAP is presented below.
Quarter Ended(dollars in thousands, except per share data) 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024Reported net income $ 12,357 $ 11,330 $ 10,964 $ 9,673 $ 9,437Add: Core deposit intangible amortization, net tax 212 213 231 250 259Non-GAAP tangible income $ 12,569 $ 11,543 $ 11,195 $ 9,923 $ 9,696Total assets $ 3,494,074 $ 3,491,455 $ 3,485,453 $ 3,443,668 $ 3,441,990Less: Intangible assets 84,214 84,482 84,751 85,044 85,361Non-GAAP tangible assets $ 3,409,860 $ 3,406,973 $ 3,400,702 $ 3,358,624 $ 3,356,629Total shareholders' equity $ 423,044 $ 408,818 $ 402,831 $ 396,088 $ 393,453Less: Intangible assets 84,214 84,482 84,751 85,044 85,361Non-GAAP tangible shareholders' equity $ 338,830 $ 324,336 $ 318,080 $ 311,044 $ 308,092Return on average equity 11.78% 11.24% 11.02% 9.71% 9.76%Add: Average intangible assets 3.24 3.24 3.23 2.99 3.14Non-GAAP return on average tangible common equity 15.02% 14.48% 14.25% 12.70% 12.90%Common equity ratio 12.11% 11.71% 11.56% 11.50% 11.43%Less: Intangible assets 2.17 2.19 2.21 2.24 2.25Non-GAAP tangible common equity ratio 9.94% 9.52% 9.35% 9.26% 9.18%Book value per share $ 54.05 $ 52.36 $ 50.82 $ 48.95 $ 48.75Less: Intangible assets 10.76 10.82 10.69 10.51 10.58Non-GAAP tangible book value per share $ 43.29 $ 41.54 $ 40.13 $ 38.44 $ 38.17
This news release contains certain forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.”
Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors – many of which are beyond our control – could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Home Bancorp's Annual Report on Form 10-K for the year ended December31, 2024 describes some of these factors, including risk elements in the loan portfolio, risks related to our deposit activities, the level of the allowance for credit losses, risks of our growth strategy, geographic concentration of our business, dependence on our management team, risks of market rates of interest and of regulation on our business and risks of competition. Forward-looking statements speak only as of the date they are made. We do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made or to reflect the occurrence of unanticipated events.
HOME BANCORP, INC. AND SUBSIDIARYCONDENSED STATEMENTS OF FINANCIAL CONDITION(Unaudited)(dollars in thousands) 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024AssetsCash and cash equivalents $ 189,324 $ 112,595 $ 110,662 $ 98,548 $ 135,877Investment securities available for sale, at fair value 383,340 393,462 400,553 402,792 420,723Investment securities held to maturity 1,065 1,065 1,065 1,065 1,065Mortgage loans held for sale 1,932 1,305 1,855 832 242Loans, net of unearned income 2,705,895 2,764,538 2,747,277 2,718,185 2,668,286Allowance for loan losses (32,827) (33,432) (33,278) (32,916) (32,278)Total loans, net of allowance for loan losses 2,673,068 2,731,106 2,713,999 2,685,269 2,636,008Office properties and equipment, net 45,223 45,216 45,327 42,324 42,659Cash surrender value of bank-owned life insurance 49,269 48,981 48,699 48,421 48,139Goodwill and core deposit intangibles 84,214 84,482 84,751 85,044 85,361Accrued interest receivable and other assets 66,639 73,243 78,542 79,373 71,916Total Assets $ 3,494,074 $ 3,491,455 $ 3,485,453 $ 3,443,668 $ 3,441,990LiabilitiesDeposits $ 2,975,503 $ 2,908,234 $ 2,827,207 $ 2,780,696 $ 2,777,487Other Borrowings 5,539 5,539 5,539 5,539 140,539Subordinated debt, net of issuance cost 54,621 54,567 54,513 54,459 54,402Federal Home Loan Bank advances 3,059 88,196 163,259 175,546 38,410Accrued interest payable and other liabilities 32,308 26,101 32,104 31,340 37,699Total Liabilities 3,071,030 3,082,637 3,082,622 3,047,580 3,048,537Shareholders' EquityCommon stock 78 78 79 81 81Additional paid-in capital 168,016 166,576 167,231 168,138 166,743Common stock acquired by benefit plans (1,071) (1,160) (1,250) (1,339) (1,428)Retained earnings 275,912 265,817 261,856 259,190 251,692Accumulated other comprehensive loss (19,891) (22,493) (25,085) (29,982) (23,635)Total Shareholders' Equity 423,044 408,818 402,831 396,088 393,453Total Liabilities and Shareholders' Equity $ 3,494,074 $ 3,491,455 $ 3,485,453 $ 3,443,668 $ 3,441,990
HOME BANCORP, INC. AND SUBSIDIARYCONDENSED STATEMENTS OF INCOME(Unaudited) Three Months Ended Nine Months Ended(dollars in thousands, except per share data) 9/30/2025 6/30/2025 9/30/2024 9/30/2025 9/30/2024Interest IncomeLoans, including fees $ 45,607 $ 45,287 $ 43,711 $ 134,926 $ 126,277Investment securities 2,504 2,596 2,677 7,764 8,205Other investments and deposits 1,111 746 991 2,362 2,481Total interest income 49,222 48,629 47,379 145,052 136,963Interest ExpenseDeposits 13,805 13,142 13,908 39,569 39,174Other borrowings 54 53 1,673 160 4,815Subordinated debt expense 845 844 844 2,534 2,533Federal Home Loan Bank advances 412 1,239 572 3,583 1,765Total interest expense 15,116 15,278 16,997 45,846 48,287Net interest income 34,106 33,351 30,382 99,206 88,676(Reversal) provision for loan losses (229) 489 140 654 1,542Net interest income after (reversal) provision for loan losses 34,335 32,862 30,242 98,552 87,134Noninterest IncomeService fees and charges 1,408 1,345 1,291 4,062 3,784Bank card fees 1,646 1,750 1,613 4,974 4,939Gain on sale of loans, net 144 114 195 635 408Income from bank-owned life insurance 288 282 281 848 818(Loss) gain on sale of assets, net – (2) (10) 7 (6)Other income 252 227 322 937 1,053Total noninterest income 3,738 3,716 3,692 11,463 10,996Noninterest ExpenseCompensation and benefits 13,531 13,322 13,058 39,505 38,016Occupancy 2,544 2,513 2,732 7,618 7,789Marketing and advertising 515 461 382 1,405 1,333Data processing and communication 2,556 2,628 2,646 7,826 7,715Professional fees 406 396 450 1,207 1,506Forms, printing and supplies 175 203 188 578 580Franchise and shares tax 475 483 488 1,434 1,463Regulatory fees 459 502 493 1,477 1,471Foreclosed assets, net 377 419 62 1,023 216Amortization of acquisition intangible 268 269 328 830 1,011Reversal for credit losses on unfunded commitments – (970) – (970) (134)Other expenses 1,225 2,181 1,431 4,584 3,968Total noninterest expense 22,531 22,407 22,258 66,517 64,934Income before income tax expense 15,542 14,171 11,676 43,498 33,196Income tax expense 3,185 2,841 2,239 8,847 6,442Net income $ 12,357 $ 11,330 $ 9,437 $ 34,651 $ 26,754Earnings per share – basic $ 1.60 $ 1.47 $ 1.19 $ 4.45 $ 3.36Earnings per share – diluted $ 1.59 $ 1.45 $ 1.18 $ 4.41 $ 3.34Cash dividends declared per common share $ 0.29 $ 0.27 $ 0.25 $ 0.83 $ 0.75
HOME BANCORP, INC. AND SUBSIDIARYSUMMARY FINANCIAL INFORMATION(Unaudited) Three Months Ended Nine Months Ended(dollars in thousands, except per share data) 9/30/2025 6/30/2025 9/30/2024 9/30/2025 9/30/2024EARNINGS DATATotal interest income $ 49,222 $ 48,629 $ 47,379 $ 145,052 $ 136,963Total interest expense 15,116 15,278 16,997 45,846 48,287Net interest income 34,106 33,351 30,382 99,206 88,676(Reversal) provision for loan losses (229) 489 140 654 1,542Total noninterest income 3,738 3,716 3,692 11,463 10,996Total noninterest expense 22,531 22,407 22,258 66,517 64,934Income tax expense 3,185 2,841 2,239 8,847 6,442Net income $ 12,357 $ 11,330 $ 9,437 $ 34,651 $ 26,754AVERAGE BALANCE SHEET DATATotal assets $ 3,467,070 $ 3,474,762 $ 3,405,083 $ 3,463,833 $ 3,368,857Total interest-earning assets 3,255,291 3,261,733 3,202,364 3,252,602 3,167,518Total loans 2,743,695 2,764,065 2,668,672 2,750,985 2,641,414PPP loans 235 330 4,470 624 5,004Total interest-bearing deposits 2,128,540 2,087,781 1,989,182 2,085,330 1,964,095Total interest-bearing liabilities 2,228,117 2,261,916 2,240,838 2,256,278 2,212,453Total deposits 2,918,938 2,863,683 2,730,568 2,852,176 2,709,555Total shareholders' equity 416,239 404,367 384,518 408,083 376,170PER SHARE DATAEarnings per share – basic $ 1.60 $ 1.47 $ 1.19 $ 4.45 $ 3.36Earnings per share – diluted 1.59 1.45 1.18 4.41 3.34Book value at period end 54.05 52.36 48.75 54.05 48.75Tangible book value at period end 43.29 41.54 38.17 43.29 38.17Shares outstanding at period end 7,827,481 7,808,421 8,070,539 7,827,481 8,070,539Weighted average shares outstandingBasic 7,712,707 7,707,423 7,921,582 7,789,001 7,959,309Diluted 7,782,979 7,781,021 7,966,957 7,862,712 8,008,305SELECTED RATIOS (1)Return on average assets 1.41% 1.31% 1.10% 1.34% 1.06%Return on average equity 11.78 11.24 9.76 11.35 9.50Common equity ratio 12.11 11.71 11.43 12.11 11.43Efficiency ratio (2) 59.54 60.45 65.32 60.10 65.15Average equity to average assets 12.01 11.64 11.29 11.78 11.17Tier 1 leverage capital ratio (3) 11.90 11.47 11.32 11.90 11.32Total risk-based capital ratio (3) 15.24 14.66 14.74 15.24 14.74Net interest margin (4) 4.10 4.04 3.71 4.02 3.67SELECTED NON-GAAP RATIOS (1)Tangible common equity ratio (5) 9.94% 9.52% 9.18% 9.94% 9.18%Return on average tangible common equity (6) 15.02 14.48 12.90 14.59 12.68
(1) With the exception of end-of-period ratios, all ratios are based on average daily balances during the respective periods.(2) The efficiency ratio represents noninterest expense as a percentage of total revenues. Total revenues is the sum of net interest income and noninterest income.(3) Capital ratios are preliminary end-of-period ratios for the Bank only and are subject to change.(4) Net interest margin represents net interest income as a percentage of average interest-earning assets. Taxable equivalent yields are calculated using a marginal tax rate of 21%.(5) Tangible common equity ratio is common shareholders' equity less intangible assets divided by total assets less intangible assets. See “Non-GAAP Reconciliation” for additional information.(6) Return on average tangible common equity is net income plus amortization of core deposit intangible, net of taxes, divided by average common shareholders' equity less average intangible assets. See “Non-GAAP Reconciliation” for additional information.
HOME BANCORP, INC. AND SUBSIDIARYConsolidated Net Interest Margin(Unaudited) Three Months Ended 9/30/2025 6/30/2025 9/30/2024(dollars in thousands) Average Interest Average Average Interest Average Average Interest Average Balance Yield/ Rate Balance Yield/ Rate Balance Yield/ RateInterest-earning assets:Loans receivable $ 2,743,695 $ 45,607 6.53% $ 2,764,065 $ 45,287 6.50% $ 2,668,672 $ 43,711 6.43%Investment securities (TE)(1) 411,889 2,504 2.45 426,601 2,596 2.45 454,024 2,677 2.38Other interest-earning assets 99,707 1,111 4.42 71,067 746 4.21 79,668 991 4.95Total interest-earning assets $ 3,255,291 $ 49,222 5.95% $ 3,261,733 $ 48,629 5.92% $ 3,202,364 $ 47,379 5.82%Interest-bearing liabilities:Deposits:Savings, checking, and money market $ 1,301,888 $ 5,783 1.76% $ 1,296,541 $ 5,531 1.71% $ 1,266,465 $ 5,571 1.75%Certificates of deposit 826,652 8,022 3.85 791,240 7,611 3.86 722,717 8,337 4.59Total interest-bearing deposits 2,128,540 13,805 2.57 2,087,781 13,142 2.52 1,989,182 13,908 2.78Other borrowings 5,539 54 3.80 5,572 53 3.84 140,539 1,673 4.74Subordinated debt 54,593 845 6.19 54,540 844 6.20 54,374 844 6.21FHLB advances 39,445 412 4.12 114,023 1,239 4.30 56,743 572 3.99Total interest-bearing liabilities $ 2,228,117 $ 15,116 2.69% $ 2,261,916 $ 15,278 2.71% $ 2,240,838 $ 16,997 3.02%Noninterest-bearing deposits $ 790,398 $ 775,902 $ 741,387Net interest spread (TE)(1) 3.26% 3.21% 2.80%Net interest margin (TE)(1) 4.10% 4.04% 3.71%
(1) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%
HOME BANCORP, INC. AND SUBSIDIARYConsolidated Net Interest Margin(Unaudited) Nine Months Ended 9/30/2025 9/30/2024(dollars in thousands) Average Interest Average Average Interest Average Balance Yield/ Rate Balance Yield/ RateInterest-earning assets:Loans receivable $ 2,750,985 $ 134,926 6.49% $ 2,641,414 $ 126,277 6.30%Investment securities (TE)(1) 425,915 7,764 2.45 463,333 8,205 2.38Other interest-earning assets 75,702 2,362 4.17 62,771 2,481 5.28Total interest-earning assets $ 3,252,602 $ 145,052 5.90% $ 3,167,518 $ 136,963 5.71%Interest-bearing liabilities:Deposits:Savings, checking, and money market $ 1,301,660 $ 16,715 1.72% $ 1,265,420 $ 15,479 1.63%Certificates of deposit 783,670 22,854 3.90 698,675 23,695 4.53Total interest-bearing deposits 2,085,330 39,569 2.54 1,964,095 39,174 2.66Other borrowings 5,550 160 3.84 135,727 4,815 4.74Subordinated debt 54,540 2,534 6.20 54,322 2,533 6.22FHLB advances 110,858 3,583 4.27 58,309 1,765 4.01Total interest-bearing liabilities $ 2,256,278 $ 45,846 2.71% $ 2,212,453 $ 48,287 2.91%Noninterest-bearing deposits $ 766,846 $ 745,460Net interest spread (TE)(1) 3.19% 2.80%Net interest margin (TE)(1) 4.02% 3.67%
(1) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
HOME BANCORP, INC. AND SUBSIDIARYSUMMARY CREDIT QUALITY INFORMATION(Unaudited) Three Months Ended 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024CREDIT QUALITY (1)Nonaccrual loans:One- to four-family first mortgage $ 6,402 $ 6,272 $ 6,368 $ 7,039 $ 7,750Home equity loans and lines 1,008 1,033 372 279 208Commercial real estate 10,016 7,669 4,349 3,304 7,064Construction and land 9,847 6,103 5,584 1,622 2,127Multi-family residential 973 916 930 – -Commercial and industrial 1,161 1,312 1,206 1,311 777Consumer 60 35 161 27 129Total nonaccrual loans $ 29,467 $ 23,340 $ 18,970 $ 13,582 $ 18,055Accruing loans 90 days or more past due 55 12 77 16 34Total nonperforming loans 29,522 23,352 19,047 13,598 18,089Foreclosed assets and ORE 1,384 2,077 2,424 2,010 267Total nonperforming assets $ 30,906 $ 25,429 $ 21,471 $ 15,608 $ 18,356Nonperforming assets to total assets 0.88% 0.73% 0.62% 0.45% 0.53%Nonperforming loans to total assets 0.84 0.67 0.55 0.39 0.53Nonperforming loans to total loans 1.09 0.84 0.69 0.50 0.68ALLOWANCE FOR CREDIT LOSSESAllowance for loan losses:Beginning balance $ 33,432 $ 33,278 $ 32,916 $ 32,278 $ 32,212(Reversal) provision for loan losses (229) 489 394 873 140Charge-offs (488) (460) (226) (255) (215)Recoveries 112 125 194 20 141Net charge-offs (376) (335) (32) (235) (74)Ending balance $ 32,827 $ 33,432 $ 33,278 $ 32,916 $ 32,278Reserve for unfunded lending commitments(2)Beginning balance $ 1,730 $ 2,700 $ 2,700 $ 2,460 $ 2,460(Reversal) provision for losses on unfunded lending commitments – (970) – 240 -Ending balance $ 1,730 $ 1,730 $ 2,700 $ 2,700 $ 2,460Total allowance for credit losses 34,557 35,162 35,978 35,616 34,738Total loans $ 2,705,895 $ 2,764,538 $ 2,747,277 $ 2,718,185 $ 2,668,286Total unfunded commitments 509,709 492,306 508,864 516,785 527,333Allowance for loan losses to nonperforming assets 106.22% 131.47% 154.99% 210.89% 175.84%Allowance for loan losses to nonperforming loans 111.20 143.17 174.72 242.07 178.44Allowance for loan losses to total loans 1.21 1.21 1.21 1.21 1.21Allowance for credit losses to total loans 1.28 1.27 1.31 1.31 1.30Year-to-date loan charge-offs $ (1,174) $ (686) $ (226) $ (1,285) $ (1,030)Year-to-date loan recoveries 431 319 194 249 229Year-to-date net loan charge-offs $ (743) $ (367) $ (32) $ (1,036) $ (801)Annualized YTD net loan charge-offs to average loans (0.04)% (0.03)% -% (0.04)% (0.04)%
(1) It is our policy to cease accruing interest on loans 90 days or more past due, with certain limited exceptions. Nonperforming assets consist of nonperforming loans, foreclosed assets and surplus real estate (ORE). Foreclosed assets consist of assets acquired through foreclosure or acceptance of title in-lieu of foreclosure. ORE consists of closed or unused bank buildings.(2) The allowance for unfunded lending commitments is recorded within accrued interest payable and other liabilities on the Consolidated Statements of Financial Condition.
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