Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 131

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 131
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Non-GAAP Reconciliation As of or For the Years Ended December 31,(dollars in thousands, except per share data)20242023202220212020Book value per common share$48.95 $45.04 $39.82 $41.27 $36.82 Less: Intangibles10.51 10.59 10.62 7.27 7.22 Tangible book value per common share38.44 34.45 29.20 34.00 29.60 Net Income36,427 40,240 34,072 48,621 24,765 Add: CDI amortization, net of tax1,049 1,264 1,266 919 1,074 Non-GAAP tangible income37,476 41,504 35,338 49,540 25,839 Return on common equity9.56 %11.59 %10.16 %14.38 %7.83 %Add: Intangibles3.12 4.36 3.77 3.60 2.41 Return on average tangible common equity12.68 %15.95 %13.93 %17.98 %10.24 %

CRITICAL ACCOUNTING ESTIMATES

SEC guidance requires disclosure of “critical accounting estimates.” The SEC defines “critical accounting estimates” as those estimates made in accordance with generally accepted accounting principles that involve a significant level of estimation uncertainty and have had or are reasonably likely to have a material impact on the financial condition or results of operations of the registrant.

We follow financial accounting and reporting policies that are in accordance with accounting principles generally accepted in the United States. Our accounting policies are discussed in detail in Note 2 - Summary of Significant Accounting Policies in the accompanying notes to the consolidated financial statements included elsewhere in this report. Not all significant accounting policies require management to make difficult, subjective or complex judgments. However, management believes the policies noted below meet the SEC’s definition of critical accounting policies.

Allowance for Credit Losses 

Management considers the policies related to the allowance for credit losses as the most critical to the financial statement presentation. The total allowance for credit losses includes activity related to allowances calculated in accordance with Accounting Standards Codification ("ASC") 326, Financial Instruments — Credit Losses. The allowance for credit losses is established through a