Home Bancorp, Inc. reported a significant increase in financial performance for the second quarter of 2025, with net income reaching $11.3 million, or $1.45 per diluted share, marking a 39.6% rise from $8.1 million, or $1.02 per diluted share, in the same quarter of 2024. For the first half of 2025, net income totaled $22.3 million, up 28.7% from $17.3 million in the prior year. The company’s total assets increased by $47.8 million, or 1.4%, to $3.5 billion, while total loans rose by $46.4 million, or 1.7%, to $2.8 billion as of June 30, 2025.
The company’s allowance for loan losses (ALL) stood at $33.4 million, representing 1.21% of total loans, consistent with the previous period. The allowance for credit losses (ACL), which includes the ALL and the allowance for unfunded lending commitments, totaled $35.2 million, or 1.27% of total loans. The company provisioned $489,000 and $883,000 for the second quarter and first half of 2025, respectively, primarily due to loan growth, a decrease from the $1.3 million and $1.4 million provisions made in the same periods of 2024.
Home Bancorp's total deposits increased by $127.5 million, or 4.6%, to $2.9 billion, with noninterest-bearing deposits rising by 8.7%. The net interest margin improved to 4.04% for the second quarter, up 38 basis points from the previous year, driven by higher yields on interest-earning assets and lower funding costs. Total interest expense decreased by 4.9% compared to the second quarter of 2024, reflecting a reduction in the cost of borrowings.
Operationally, the company experienced a 62.9% increase in nonperforming assets, which rose to $25.4 million, or 0.73% of total assets, primarily due to three loan relationships that were downgraded to nonaccrual status. The company continues to focus on maintaining asset quality, with a proactive approach to monitoring loans and addressing delinquencies. Looking ahead, Home Bancorp remains optimistic about its growth trajectory, supported by strong loan demand and effective management of its credit risk.
About HOME BANCORP, INC.
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