Company: HBCP
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-048166
Chunk: 17

Company: HOME BANCORP, INC.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 2
Chunk 17
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 $3.7 million, or 12.3%, compared to the third quarter of 2024. For the nine months ended September 30, 2025, net interest income totaled $99.2 million, up $10.5 million, or 11.9%, compared to the nine months ended September 30, 2024.

The Company’s tax-equivalent net interest margin, which is net interest income as a percentage of average interest-earning assets, was 4.10% and 3.71% for the quarters ended September 30, 2025 and 2024, respectively. For the same periods, the average loan yield was 6.53% and 6.43%, respectively. The net interest margin for the nine months ended September 30, 2025 and 2024 was 4.02% and 3.67%, respectively. For the same periods, the average loan yield was 6.49% and 6.30%, respectively.

Acquired loan discount accretion included in interest income totaled $347,000 and $452,000 for the quarters ended September 30, 2025 and 2024, respectively. For the nine months ended September 30, 2025 and 2024, acquired loan discount accretion included in interest income totaled $1.1 million and $1.5 million, respectively.

The following table sets forth, for the periods indicated, information regarding (i) the total dollar amount of interest income of the Company from interest-earning assets and the resultant average yields; (ii) the total dollar amount of interest expense on interest-bearing liabilities and the resultant average rate; (iii) net interest income; (iv) net interest spread; and (v) net interest margin. Information is based on average monthly balances during the indicated periods. Taxable equivalent yields are calculated using a marginal tax rate of 21%.

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 Three Months Ended September 30, 20252024(dollars in thousands)Average BalanceInterestAverage Yield/RateAverage BalanceInterestAverage Yield/RateInterest-earning assets:Loans receivable(1)$2,743,695 $45,607 6.53 %$2,668,672 $43,711 6.43 %Investment securitiesTaxable395,840 2,432 2.46 437,785 2,604 2.38 Tax-exempt (TE