Home Bancorp, Inc. reported a net income of $10.964 million for the first quarter of 2025, translating to earnings per share of $1.37, an increase from $9.199 million or $1.14 per share in the same period last year. The company's total assets rose to $3.485 billion, reflecting a 1.2% increase from $3.444 billion at the end of 2024. Total loans also saw a modest increase, reaching $2.747 billion, up $29.1 million or 1.1% from the previous quarter. The net interest margin improved to 3.91%, up 27 basis points from the prior year, primarily due to a rise in interest-earning assets.
The company’s provision for loan losses increased to $394,000 in the first quarter of 2025, compared to $141,000 in the same period of 2024, reflecting the growth in the loan portfolio. The allowance for loan losses stood at $33.278 million, or 1.21% of total loans, consistent with the previous quarter. However, nonperforming assets rose significantly by 37.6% to $21.471 million, primarily due to two loan relationships that transitioned to nonaccrual status.
Home Bancorp's total deposits increased by $46.5 million, or 1.7%, to $2.827 billion, with noninterest-bearing deposits growing by 3.0%. The average rate paid on interest-bearing deposits was 2.51%, a slight decrease from the previous year. The company also reported a rise in noninterest income, which totaled $4.009 million, up 13% from the prior year, driven by gains on loan sales and service fees.
Looking ahead, Home Bancorp remains focused on maintaining asset quality and managing its credit risk. The company continues to monitor its loan portfolio closely, particularly in light of the recent increase in nonperforming assets. Management anticipates that the economic environment and market conditions will influence future performance, and they are prepared to adjust their strategies accordingly. The company’s capital ratios remain strong, exceeding regulatory requirements, positioning it well for future growth and stability.
About HOME BANCORP, INC.
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