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Home Bancorp, Inc. First Quarter 2025 Results

On April 21, 2025, Home Bancorp, Inc. (Nasdaq: HBCP), parent company of Home Bank, N.A., announced robust financial results for the first quarter of 2025, highlighting a successful start to the fiscal year. Reporting a net income of $11.0 million, equating to $1.37 per diluted share, the company noted significant growth compared to the previous quarter's income of $9.7 million, or $1.21 per share.

Key Financial Highlights

John W. Bordelon, President and CEO, emphasized the effectiveness of the company's strategies, remarking on favorable loan and deposit growth during the quarter, as well as an expansion in the net interest margin, which increased to 3.91% from 3.82% in the fourth quarter of 2024.

Loans and Deposits

• - Loans: As of March 31, 2025, total loans stood at $2.7 billion, reflecting an increase of $29.1 million, or 1.1%, since December 31, 2024.
• - Deposits: Total deposits reached $2.8 billion, representing a rise of $46.5 million, or 1.7%, compared to the end of the previous year.

This incremental growth was bolstered by a combination of effective risk management and competitive offerings, positioning Home Bancorp to leverage emerging opportunities.

Investment Portfolio and Credit Quality

Further contributing to the company's solid performance was the investment securities portfolio, which totaled $401.6 million. The company reported a significant unrealized loss on these securities but successfully managed to reduce this from $41 million to $34 million since the previous quarter.

The quality of the loan portfolio remains a priority, evidenced by the increase in nonperforming assets to $21.5 million, or 0.62% of total assets, compared to the prior quarter's figure of $15.6 million. This was primarily attributed to two specific loan relationships adjusted to nonaccrual status. Notably, a $394,000 provision allocated to the allowance for loan losses underscored the ongoing commitment to prudent risk management.

Dividend Declaration and Share Repurchase Plan

In conjunction with announcing its impressive financial results, Home Bancorp's Board declared a quarterly cash dividend of $0.27 per share, scheduled to be payable on May 16, 2025. Additionally, the introduction of the 2025 Repurchase Plan allows for the purchase of up to 400,000 shares, or approximately 5% of outstanding common stock. This action is expected to bolster shareholder value and reflects the company’s confidence in its financial health.

Conference Call

Home Bancorp executives will host a conference call to discuss these results on April 22, 2025, at 10:30 a.m. CDT, providing further insights into the company's strategic direction and anticipated market developments.

In summary, Home Bancorp, Inc.'s first-quarter 2025 results illustrate a company positioned for growth amid evolving market conditions, emphasizing its commitment to return value to shareholders while focusing on quality lending practices and customer satisfaction.