LAFAYETTE, La., July 20, 2026 /PRNewswire/ -- 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 second quarter of 2026. For the quarter, the Company reported net income of $11.6 million, or $1.48 per diluted common share ("diluted EPS"), up $255,000 from $11.4 million, or $1.45 diluted EPS, for the first quarter of 2026.
"Financial performance remained strong, with ROA of 1.31% and an eight-basis-point NIM expansion to 4.24% for the quarter," said John W. Bordelon, Chief Executive Officer of the Company and the Bank. "We saw healthy loan growth during the second quarter after a slow start to the year. Deposit growth continues to build momentum, and our loan-to-deposit ratio is at our target of 91%. In July, we celebrate Home Bank's 118th anniversary and announced Darren E. Guidry as the new President of the Company and the Bank, continuing our commitment to our customers and employees."
"I am honored to continue the direction set by John Bordelon," said Darren E. Guidry, President of the Company and the Bank. "We continue to proactively identify and resolve problem loans as quickly as possible. While criticized loans increased during the quarter, we do not anticipate any sizable losses. As we move forward in 2026, we remain focused at all levels on maintaining our momentum and creating shared success for our customers, shareholders, and communities."
Second Quarter 2026 Highlights
- Loans totaled $2.8 billion at June 30, 2026, up $50.7 million, or 1.9% (an increase of 7% on an annualized basis), from March 31, 2026.
- Deposits totaled $3.1 billion at June 30, 2026, up $42.1 million, or 1.4% (an increase of 6% on an annualized basis), from March 31, 2026. Core deposits increased $46.6 million, or 2.0% (an increase of 8% on an annualized basis), during the second quarter of 2026 to $2.3 billion.
- Net interest income in the second quarter of 2026 totaled $35.8 million, up $1.3 million, or 4%, from the prior quarter.
- The net interest margin ("NIM") was 4.24% in the second quarter of 2026 compared to 4.16% in the first quarter of 2026, primarily due to an increase in average interest-bearing assets with higher yields, which outpaced average interest-bearing liabilities during the quarter.
- Nonperforming assets totaled $39.2 million, or 1.09% of total assets, at June 30, 2026, compared to $39.9 million, or 1.12% of total assets, at March 31, 2026. The decrease in nonperforming assets is primarily due to payoffs and paydowns during the quarter, partially offset by modest additions from loans that migrated to nonaccrual status during the second quarter of 2026.
- The Company recorded a $762,000 provision to the allowance for loan losses in the second quarter of 2026, compared to a $922,000 provision in the first quarter of 2026, primarily due to loan growth and shift in the loan mix during the quarter.
Loans
Loans totaled $2.8 billion at June 30, 2026, up $50.7 million, or 1.9%, from March 31, 2026. The following table summarizes the changes in the Company's loan portfolio, net of unearned income, from March 31, 2026 through June 30, 2026.
(dollars in thousands) 6/30/2026 3/31/2026 Increase (Decrease) | Real estate loans: | One- to four-family first mortgage $ 475,602 $ 476,079 $ (477) — % | Home equity loans and lines 90,529 91,550 (1,021) (1) | Commercial real estate 1,215,828 1,182,501 33,327 3 | Construction and land 323,541 340,057 (16,516) (5) | Multi-family residential 197,624 179,982 17,642 10 | Total real estate loans 2,303,124 2,270,169 32,955 1 | Other loans: | Commercial and industrial 446,352 428,075 18,277 4 | Consumer 29,414 29,902 (488) (2) | Total other loans 475,766 457,977 17,789 4 | Total loans $ 2,778,890 $ 2,728,146 $ 50,744 2 % |
The average loan yield was 6.46% for the second quarter of 2026, up 5 basis points from the first quarter of 2026. We experienced growth in commercial real estate, commercial and industrial, and multi-family loans, which were partially offset by declines in construction and land loans for the second quarter, across most of our markets.
Credit Quality and Allowance for Credit Losses
Nonperforming assets ("NPAs") totaled $39.2 million, or 1.09% of total assets, at June 30, 2026, down $692,000, or 2%, from $39.9 million, or 1.12% of total assets, at March 31, 2026. The decrease in NPAs during the second quarter of 2026 was primarily driven by loan paydowns and payoffs during the quarter, partially offset by modest additions from loans that migrated to nonaccrual status during the second quarter of 2026. During the second quarter of 2026, the Company recorded net loan charge-offs of $448,000, compared to net loan charge-offs of $384,000 during the first quarter of 2026.
The Company provisioned $762,000 to the allowance for loan losses in the second quarter of 2026. At June 30, 2026, the allowance for loan losses totaled $34.0 million, or 1.22% of total loans, compared to $33.7 million, or 1.23% of total loans, at March 31, 2026. 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 June 30, 2026 and March 31, 2026.
June 30, 2026 | (dollars in thousands) Pass Special Mention Substandard Total | One- to four-family first mortgage $ 468,132 $ — $ 7,470 $ 475,602 | Home equity loans and lines 89,820 — 709 90,529 | Commercial real estate 1,162,045 19,973 33,810 1,215,828 | Construction and land 314,811 1,826 6,904 323,541 | Multi-family residential 194,864 1,166 1,594 197,624 | Commercial and industrial 424,029 3,946 18,377 446,352 | Consumer 29,389 — 25 29,414 | Total $ 2,683,090 $ 26,911 $ 68,889 $ 2,778,890 | March 31, 2026 | (dollars in thousands) Pass SpecialMention Substandard Total | One- to four-family first mortgage $ 466,688 $ — $ 9,391 $ 476,079 | Home equity loans and lines 90,201 807 542 91,550 | Commercial real estate 1,139,345 9,478 33,678 1,182,501 | Construction and land 326,382 863 12,812 340,057 | Multi-family residential 178,388 — 1,594 179,982 | Commercial and industrial 424,633 — 3,442 428,075 | Consumer 29,861 — 41 29,902 | Total $ 2,655,498 $ 11,148 $ 61,500 $ 2,728,146 |
Investment Securities
The Company's investment securities portfolio totaled $409.1 million at June 30, 2026, an increase of $22.9 million, or 6%, from March 31, 2026. At June 30, 2026, the Company had a net unrealized loss position on its investment securities of $25.0 million, compared to a net unrealized loss of $24.0 million at March 31, 2026. The Company's investment securities portfolio had an effective duration of 3.4 years at June 30, 2026 and March 31, 2026. During the second quarter of 2026, the Company made securities purchases of $39.3 million, compared to $21.5 million during the first quarter of 2026. The Company had no securities sales during the second quarter of 2026 and first quarter of 2026.
The following table summarizes the composition of the Company's investment securities portfolio at June 30, 2026.
(dollars in thousands) Amortized Cost Fair Value | Available for sale: | U.S. agency mortgage-backed $ 317,940 $ 299,440 | Collateralized mortgage obligations 47,421 46,401 | Municipal bonds 52,806 47,789 | U.S. government agency 10,464 9,952 | Corporate bonds 5,000 5,000 | Total available for sale $ 433,631 $ 408,582 | Held to maturity: | Municipal bonds $ 530 $ 531 | Total held to maturity $ 530 $ 531 |
Approximately 34% of the investment securities portfolio was pledged as of June 30, 2026 to secure public deposits. The Company had $139.9 million of securities pledged to secure public deposits at June 30, 2026 and March 31, 2026.
Deposits
Total deposits were $3.1 billion at June 30, 2026, up $42.1 million, or 1%, from March 31, 2026. Core deposits or non-maturity deposits increased $46.6 million, or 2%, during the second quarter of 2026 to $2.3 billion. The following table summarizes the changes in the Company's deposits from March 31, 2026 to June 30, 2026.
(dollars in thousands) 6/30/2026 3/31/2026 Increase (Decrease) | Demand deposits $ 835,118 $ 830,030 $ 5,088 1 % | Savings 197,412 202,058 (4,646) (2) | Money market 571,474 543,120 28,354 5 | NOW 727,839 710,071 17,768 3 | Certificates of deposit 737,040 741,502 (4,462) (1) | Total deposits $ 3,068,883 $ 3,026,781 $ 42,102 1 % |
The average rate on interest-bearing deposits decreased 1 basis points from 2.29% for the first quarter of 2026 to 2.28% for the second quarter of 2026. At June 30, 2026, certificates of deposit maturing within the next 12 months totaled $714.7 million, or 97%, of total certificates of deposit.
The total amounts of our uninsured deposits (deposits in excess of $250,000, as calculated in accordance with FDIC regulations) were $959.4 million at June 30, 2026 and $919.7 million at March 31, 2026. Public funds in excess of the FDIC insurance limits are fully collateralized.
Net Interest Income
NIM increased 8 basis points from 4.16% for the first quarter of 2026 to 4.24% for the second quarter of 2026, primarily due to an increase in average interest-bearing assets with higher yields, which outpaced average interest-bearing liabilities during the quarter.
The average cost of interest-bearing deposits decreased by 1 basis points in the second quarter of 2026 compared to the first quarter of 2026, primarily due to a shift in the mix of average balance of interest-bearing deposits.
Average other interest-earning assets were $158.2 million for the second quarter of 2026, down $10.5 million, or 6%, from the first quarter of 2026, primarily due to a decrease in the average balance of cash and cash equivalents.
Average FHLB advances decreased $1.9 million, or 100%, in the second quarter from the first quarter of 2026 due to paydowns of FHLB advances.
Loan accretion income from acquired loans totaled $201,000 for the second quarter of 2026, up $12,000, or 6%, from the first quarter of 2026.
Noninterest Income
Noninterest income for the second quarter of 2026 totaled $3.9 million, up $181,000, or 5%, from the first quarter of 2026. The increase was related primarily to bank card fees (up $124,000) and other income (up $85,000), which were partially offset by a decrease in service fees and charges (down $30,000) for the second quarter of 2026 compared to the first quarter of 2026.
Noninterest Expense
Noninterest expense for the second quarter of 2026 totaled $24.6 million, up $1.6 million, or 7%, from the first quarter of 2026. The increase was primarily related to compensation and benefits expense (up $1.3 million), foreclosed assets, net (up $331,000), and occupancy expense (up $185,000), which were partially offset by a decrease in other expenses (down $228,000) during the second quarter of 2026.
Capital
At June 30, 2026, shareholders' equity totaled $453.5 million, up $9.0 million, or 2%, compared to $444.4 million at March 31, 2026. The increase was primarily due to the Company's earnings of $11.6 million, which was partially offset by an increase in the accumulated other comprehensive loss on available for sale investment securities during the second quarter of 2026 and shareholder dividends. Preliminary Tier 1 leverage capital and total risk-based capital ratios were 12.11% and 15.61%, respectively, at June 30, 2026, compared to 12.11% and 15.65%, respectively, at March 31, 2026.
Dividend and Share Repurchases
The Company announces that its Board of Directors declared a quarterly cash dividend on shares of its common stock of $0.32 per share (an increase of 3% from the previous quarterly cash dividend) payable on August 14, 2026, to shareholders of record as of August 3, 2026.
The Company repurchased 2,720 shares of its common stock during the second quarter of 2026 at an average price per share of $66.19. An additional 383,170 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 $57.63 and $47.02, respectively, at June 30, 2026.
Conference Call
Executive management will host a conference call to discuss second quarter 2026 results on Tuesday, July 21, 2026 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, .
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) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 | Reported net income $ 11,615 $ 11,360 $ 11,411 $ 12,357 $ 11,330 | Add: Core deposit intangible amortization, net tax 166 185 203 212 213 | Non-GAAP tangible income $ 11,781 $ 11,545 $ 11,614 $ 12,569 $ 11,543 | Total assets $ 3,603,193 $ 3,554,643 $ 3,492,626 $ 3,494,074 $ 3,491,455 | Less: Intangible assets 83,513 83,723 83,957 84,214 84,482 | Non-GAAP tangible assets $ 3,519,680 $ 3,470,920 $ 3,408,669 $ 3,409,860 $ 3,406,973 | Total shareholders' equity $ 453,457 $ 444,410 $ 435,094 $ 423,044 $ 408,818 | Less: Intangible assets 83,513 83,723 83,957 84,214 84,482 | Non-GAAP tangible shareholders' equity $ 369,944 $ 360,687 $ 351,137 $ 338,830 $ 324,336 | Return on average equity 10.34 % 10.41 % 10.52 % 11.78 % 11.24 % | Add: Average intangible assets 2.54 2.64 2.79 3.24 3.24 | Non-GAAP return on average tangible common equity 12.88 % 13.05 % 13.31 % 15.02 % 14.48 % | Common equity ratio 12.58 % 12.50 % 12.46 % 12.11 % 11.71 % | Less: Intangible assets 2.07 2.11 2.16 2.17 2.19 | Non-GAAP tangible common equity ratio 10.51 % 10.39 % 10.30 % 9.94 % 9.52 % | Book value per share $ 57.63 $ 56.73 $ 55.56 $ 54.05 $ 52.36 | Less: Intangible assets 10.61 10.69 10.72 10.76 10.82 | Non-GAAP tangible book value per share $ 47.02 $ 46.04 $ 44.84 $ 43.29 $ 41.54 |
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 December 31, 2025 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 SUBSIDIARY | CONDENSED STATEMENTS OF FINANCIAL CONDITION | (Unaudited) | (dollars in thousands) 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 | Assets | Cash and cash equivalents $ 188,224 $ 223,484 $ 141,605 $ 189,324 $ 112,595 | Investment securities available for sale, at fair value 408,582 385,729 391,448 383,340 393,462 | Investment securities held to maturity 530 530 1,065 1,065 1,065 | Mortgage loans held for sale 1,566 1,558 1,558 1,932 1,305 | Loans, net of unearned income 2,778,890 2,728,146 2,744,023 2,705,895 2,764,538 | Allowance for loan losses (33,994) (33,680) (33,142) (32,827) (33,432) | Total loans, net of allowance for loan losses 2,744,896 2,694,466 2,710,881 2,673,068 2,731,106 | Office properties and equipment, net 51,538 50,502 48,995 45,223 45,216 | Cash surrender value of bank-owned life insurance 50,131 49,842 49,557 49,269 48,981 | Goodwill and core deposit intangibles 83,513 83,723 83,957 84,214 84,482 | Accrued interest receivable and other assets 74,213 64,809 63,560 66,639 73,243 | Total Assets $ 3,603,193 $ 3,554,643 $ 3,492,626 $ 3,494,074 $ 3,491,455 | Liabilities | Deposits $ 3,068,883 $ 3,026,781 $ 2,972,806 $ 2,975,503 $ 2,908,234 | Other Borrowings — — — 5,539 5,539 | Subordinated debt, net of issuance cost 54,784 54,729 54,675 54,621 54,567 | Federal Home Loan Bank advances — — 3,024 3,059 88,196 | Accrued interest payable and other liabilities 26,069 28,723 27,027 32,308 26,101 | Total Liabilities 3,149,736 3,110,233 3,057,532 3,071,030 3,082,637 | Shareholders' Equity | Common stock 79 78 78 78 78 | Additional paid-in capital 171,234 169,995 168,963 168,016 166,576 | Common stock acquired by benefit plans (803) (893) (982) (1,071) (1,160) | Retained earnings 302,171 293,554 284,834 275,912 265,817 | Accumulated other comprehensive loss (19,224) (18,324) (17,799) (19,891) (22,493) | Total Shareholders' Equity 453,457 444,410 435,094 423,044 408,818 | Total Liabilities and Shareholders' Equity $ 3,603,193 $ 3,554,643 $ 3,492,626 $ 3,494,074 $ 3,491,455 |
HOME BANCORP, INC. AND SUBSIDIARY | CONDENSED STATEMENTS OF INCOME | (Unaudited) | Three Months Ended Six Months Ended | (dollars in thousands, except per share data) 6/30/2026 3/31/2026 6/30/2025 6/30/2026 6/30/2025 | Interest Income | Loans, including fees $ 45,001 $ 43,717 $ 45,287 $ 88,718 $ 89,319 | Investment securities 2,804 2,560 2,596 5,364 5,260 | Other investments and deposits 1,414 1,463 746 2,877 1,251 | Total interest income 49,219 47,740 48,629 96,959 95,830 | Interest Expense | Deposits 12,569 12,406 13,142 24,975 25,764 | Other borrowings — — 53 — 106 | Subordinated debt expense 845 845 844 1,690 1,689 | Federal Home Loan Bank advances — 7 1,239 7 3,171 | Total interest expense 13,414 13,258 15,278 26,672 30,730 | Net interest income 35,805 34,482 33,351 70,287 65,100 | Provision for loan losses 762 922 489 1,684 883 | Net interest income after provision for loan losses 35,043 33,560 32,862 68,603 64,217 | Noninterest Income | Service fees and charges 1,407 1,437 1,345 2,844 2,654 | Bank card fees 1,718 1,594 1,750 3,312 3,328 | Gain on sale of loans, net 229 230 114 459 491 | Income from bank-owned life insurance 289 285 282 574 560 | (Loss) gain on sale of assets, net (1) — (2) (1) 7 | Other income 277 192 227 469 685 | Total noninterest income 3,919 3,738 3,716 7,657 7,725 | Noninterest Expense | Compensation and benefits 15,036 13,714 13,322 28,750 25,974 | Occupancy 2,614 2,429 2,513 5,043 5,074 | Marketing and advertising 522 494 461 1,016 890 | Data processing and communication 2,655 2,629 2,628 5,284 5,270 | Professional fees 417 401 396 818 801 | Forms, printing and supplies 179 219 203 398 403 | Franchise and shares tax 340 340 483 680 959 | Regulatory fees 460 462 502 922 1,018 | Foreclosed assets, net 385 54 419 439 646 | Amortization of acquisition intangible 210 234 269 444 562 | Reversal for credit losses on unfunded commitments — — (970) — (970) | Other expenses 1,736 1,964 2,181 3,700 3,359 | Total noninterest expense 24,554 22,940 22,407 47,494 43,986 | Income before income tax expense 14,408 14,358 14,171 28,766 27,956 | Income tax expense 2,793 2,998 2,841 5,791 5,662 | Net income $ 11,615 $ 11,360 $ 11,330 $ 22,975 $ 22,294 | Earnings per share - basic $ 1.49 $ 1.47 $ 1.47 $ 2.96 $ 2.85 | Earnings per share - diluted $ 1.48 $ 1.45 $ 1.45 $ 2.93 $ 2.82 | Cash dividends declared per common share $ 0.31 $ 0.31 $ 0.27 $ 0.62 $ 0.54 |
HOME BANCORP, INC. AND SUBSIDIARY | SUMMARY FINANCIAL INFORMATION | (Unaudited) | Three Months Ended Six Months Ended | (dollars in thousands, except per share data) 6/30/2026 3/31/2026 6/30/2025 6/30/2026 6/30/2025 | EARNINGS DATA | Total interest income $ 49,219 $ 47,740 $ 48,629 $ 96,959 $ 95,830 | Total interest expense 13,414 13,258 15,278 26,672 30,730 | Net interest income 35,805 34,482 33,351 70,287 65,100 | Provision for loan losses 762 922 489 1,684 883 | Total noninterest income 3,919 3,738 3,716 7,657 7,725 | Total noninterest expense 24,554 22,940 22,407 47,494 43,986 | Income tax expense 2,793 2,998 2,841 5,791 5,662 | Net income $ 11,615 $ 11,360 $ 11,330 $ 22,975 $ 22,294 | AVERAGE BALANCE SHEET DATA | Total assets $ 3,564,832 $ 3,532,181 $ 3,474,762 $ 3,548,597 $ 3,462,187 | Total interest-earning assets 3,341,316 3,310,674 3,261,733 3,326,080 3,251,235 | Total loans 2,762,370 2,734,651 2,764,065 2,748,587 2,754,691 | Total interest-bearing deposits 2,208,807 2,196,539 2,087,781 2,202,707 2,063,367 | Total interest-bearing liabilities 2,263,561 2,253,149 2,261,916 2,258,384 2,270,592 | Total deposits 3,029,628 3,002,477 2,863,683 3,016,127 2,818,241 | Total shareholders' equity 450,365 442,610 404,367 446,509 403,938 | PER SHARE DATA | Earnings per share - basic $ 1.49 $ 1.47 $ 1.47 $ 2.96 $ 2.85 | Earnings per share - diluted 1.48 1.45 1.45 2.93 2.82 | Book value at period end 57.63 56.73 52.36 57.63 52.36 | Tangible book value at period end 47.02 46.04 41.54 47.02 41.54 | Shares outstanding at period end 7,868,139 7,833,804 7,808,421 7,868,139 7,808,421 | Weighted average shares outstanding | Basic 7,768,468 7,740,765 7,707,423 7,754,693 7,827,781 | Diluted 7,853,358 7,826,764 7,781,021 7,840,135 7,903,239 | SELECTED RATIOS (1) | Return on average assets 1.31 % 1.30 % 1.31 % 1.31 % 1.30 % | Return on average equity 10.34 10.41 11.24 10.38 11.13 | Common equity ratio 12.58 12.50 11.71 12.58 11.71 | Efficiency ratio (2) 61.81 60.02 60.45 60.93 60.40 | Average equity to average assets 12.63 12.53 11.64 12.58 11.67 | Tier 1 leverage capital ratio (3) 12.11 12.11 11.47 12.11 11.47 | Total risk-based capital ratio (3) 15.61 15.65 14.66 15.61 14.66 | Net interest margin (4) 4.24 4.16 4.04 4.20 3.98 | SELECTED NON-GAAP RATIOS (1) | Tangible common equity ratio (5) 10.51 % 10.39 % 9.52 % 10.51 % 9.52 % | Return on average tangible common equity (6) 12.88 13.05 14.48 12.97 14.37 |
(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 SUBSIDIARY | Consolidated Net Interest Margin | (Unaudited) | Three Months Ended | 6/30/2026 3/31/2026 6/30/2025 | (dollars in thousands) AverageBalance Interest Average Yield/ Rate Average Balance Interest Average Yield/ Rate Average Balance Interest Average Yield/ Rate | Interest-earning assets: | Loans receivable $ 2,762,370 $ 45,001 6.46 % $ 2,734,651 $ 43,717 6.41 % $ 2,764,065 $ 45,287 6.50 % | Investment securities (TE)(1) 420,771 2,804 2.68 407,308 2,560 2.53 426,601 2,596 2.45 | Other interest-earning assets 158,175 1,414 3.59 168,715 1,463 3.52 71,067 746 4.21 | Total interest-earning assets $ 3,341,316 $ 49,219 5.85 % $ 3,310,674 $ 47,740 5.78 % $ 3,261,733 $ 48,629 5.92 % | Interest-bearing liabilities: | Deposits: | Savings, checking, and money market $ 1,471,806 $ 6,297 1.72 % $ 1,431,639 $ 5,809 1.65 % $ 1,296,541 $ 5,531 1.71 % | Certificates of deposit 737,001 6,272 3.41 764,900 6,597 3.50 791,240 7,611 3.86 | Total interest-bearing deposits 2,208,807 12,569 2.28 2,196,539 12,406 2.29 2,087,781 13,142 2.52 | Other borrowings — — — — — — 5,572 53 3.84 | Subordinated debt 54,754 845 6.17 54,702 845 6.18 54,540 844 6.20 | FHLB advances — — — 1,908 7 1.49 114,023 1,239 4.30 | Total interest-bearing liabilities $ 2,263,561 $ 13,414 2.38 % $ 2,253,149 $ 13,258 2.38 % $ 2,261,916 $ 15,278 2.71 % | Noninterest-bearing deposits $ 820,821 $ 805,938 $ 775,902 | Net interest spread (TE)(1) 3.47 % 3.40 % 3.21 % | Net interest margin (TE)(1) 4.24 % 4.16 % 4.04 % |
(1)
Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%
HOME BANCORP, INC. AND SUBSIDIARY | Consolidated Net Interest Margin | (Unaudited) | Six Months Ended | 6/30/2026 6/30/2025 | (dollars in thousands) AverageBalance Interest Average Yield/ Rate AverageBalance Interest AverageYield/ Rate | Interest-earning assets: | Loans receivable $ 2,748,587 $ 88,718 6.43 % $ 2,754,691 $ 89,319 6.46 % | Investment securities (TE)(1) 414,077 5,364 2.61 433,043 5,260 2.45 | Other interest-earning assets 163,416 2,877 3.55 63,501 1,251 3.97 | Total interest-earning assets $ 3,326,080 $ 96,959 5.82 % $ 3,251,235 $ 95,830 5.88 % | Interest-bearing liabilities: | Deposits: | Savings, checking, and money market $ 1,451,834 $ 12,105 1.68 % $ 1,301,544 $ 10,932 1.69 % | Certificates of deposit 750,873 12,870 3.46 761,823 14,832 3.93 | Total interest-bearing deposits 2,202,707 24,975 2.29 2,063,367 25,764 2.52 | Other borrowings — — — 5,556 106 3.86 | Subordinated debt 54,728 1,690 6.17 54,512 1,689 6.20 | FHLB advances 949 7 1.50 147,157 3,171 4.29 | Total interest-bearing liabilities $ 2,258,384 $ 26,672 2.38 % $ 2,270,592 $ 30,730 2.72 % | Noninterest-bearing deposits $ 813,420 $ 754,874 | Net interest spread (TE)(1) 3.44 % 3.16 % | Net interest margin (TE)(1) 4.20 % 3.98 % |
(1)
Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
HOME BANCORP, INC. AND SUBSIDIARY | SUMMARY CREDIT QUALITY INFORMATION | (Unaudited) | Three Months Ended | 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 | CREDIT QUALITY (1) | Nonaccrual loans: | One- to four-family first mortgage $ 6,423 $ 8,337 $ 6,531 $ 6,402 $ 6,272 | Home equity loans and lines 709 542 531 1,008 1,033 | Commercial real estate 10,092 10,837 9,011 10,016 7,669 | Construction and land 5,277 12,812 15,367 9,847 6,103 | Multi-family residential 1,281 1,281 1,281 973 916 | Commercial and industrial 2,585 1,945 1,344 1,161 1,312 | Consumer 25 41 46 60 35 | Total nonaccrual loans $ 26,392 $ 35,795 $ 34,111 $ 29,467 $ 23,340 | Accruing loans 90 days or more past due 32 14 65 55 12 | Total nonperforming loans 26,424 35,809 34,176 29,522 23,352 | Foreclosed assets and ORE 12,786 4,093 1,929 1,384 2,077 | Total nonperforming assets $ 39,210 $ 39,902 $ 36,105 $ 30,906 $ 25,429 | Nonperforming assets to total assets 1.09 % 1.12 % 1.03 % 0.88 % 0.73 % | Nonperforming loans to total assets 0.73 1.01 0.98 0.84 0.67 | Nonperforming loans to total loans 0.95 1.31 1.25 1.09 0.84 | ALLOWANCE FOR CREDIT LOSSES | Allowance for loan losses: | Beginning balance $ 33,680 $ 33,142 $ 32,827 $ 33,432 $ 33,278 | Provision (reversal) for loan losses 762 922 480 (229) 489 | Charge-offs (564) (413) (189) (488) (460) | Recoveries 116 29 24 112 125 | Net charge-offs (448) (384) (165) (376) (335) | Ending balance $ 33,994 $ 33,680 $ 33,142 $ 32,827 $ 33,432 | Reserve for unfunded lending commitments(2) | Beginning balance $ 1,625 $ 1,625 $ 1,730 $ 1,730 $ 2,700 | Reversal for losses on unfunded lending commitments — — (105) — (970) | Ending balance $ 1,625 $ 1,625 $ 1,625 $ 1,730 $ 1,730 | Total allowance for credit losses 35,619 35,305 34,767 34,557 35,162 | Total loans $ 2,778,890 $ 2,728,146 $ 2,744,023 $ 2,705,895 $ 2,764,538 | Total unfunded commitments 520,729 533,398 509,331 509,709 492,306 | Allowance for loan losses to nonperforming assets 86.70 % 84.41 % 91.79 % 106.22 % 131.47 % | Allowance for loan losses to nonperforming loans 128.65 94.05 96.97 111.20 143.17 | Allowance for loan losses to total loans 1.22 1.23 1.21 1.21 1.21 | Allowance for credit losses to total loans 1.28 1.29 1.27 1.28 1.27 | Year-to-date loan charge-offs $ (977) $ (413) $ (1,363) $ (1,174) $ (686) | Year-to-date loan recoveries 145 29 455 431 319 | Year-to-date net loan charge-offs $ (832) $ (384) $ (908) $ (743) $ (367) | Annualized YTD net loan charge-offs to average loans (0.06) % (0.06) % (0.03) % (0.04) % (0.03) % |
(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. |
SOURCE Home Bancorp, Inc.