- Home Bancorp, Inc. (HBCP, Financial) reported a net income of $11.0 million in Q1 2025, reflecting a 13.4% increase from Q4 2024.
- Loan portfolio increased by 1.1% to $2.7 billion, while deposits grew by 1.7% to $2.8 billion in the same period.
- Nonperforming assets rose by 38% to $21.5 million, equating to 0.62% of total assets.
Home Bancorp, Inc. (HBCP) announced its financial results for the first quarter of 2025, reporting a substantial increase in net income to $11.0 million, or $1.37 per diluted share. This marks a notable rise from the $9.7 million, or $1.21 per share, recorded in the fourth quarter of 2024.
In Q1 2025, Home Bancorp's loan portfolio expanded by $29.1 million to reach $2.7 billion, an increase of 1.1% from the previous quarter. Deposits also grew, totaling $2.8 billion, up by $46.5 million or 1.7%. The bank's net interest margin improved to 3.91%, up from 3.82% in Q4 2024, attributed to better management of deposit costs.
Despite these positive financial results, nonperforming assets saw an increase, rising 38% to $21.5 million. This increase was largely due to two loan relationships, totaling $5.6 million, moving to nonaccrual status. The allowance for loan losses was reported at $33.3 million, which represents 1.21% of total loans.
The average cost of interest-bearing deposits decreased by 15 basis points to 2.51%. Home Bancorp's capital position remains strong, with a Tier 1 leverage capital ratio of 11.48% and a total risk-based capital ratio of 14.58% as of March 31, 2025.
Home Bancorp also declared a quarterly dividend of $0.27 per share and announced a new share repurchase plan under which it may repurchase up to 400,000 shares, equivalent to approximately 5% of the company's outstanding common stock.
Also check out: (Free Trial)
