Company: HBCP
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-048166
Chunk: 16

Company: HOME BANCORP, INC.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 2
Chunk 16
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 of management, after consultation with legal counsel, the ultimate disposition of these matters is not expected to have a material effect on the financial condition or results of operations of the Company.

RESULTS OF OPERATIONS

Net income for the third quarter of 2025 was $12.4 million, up $2.9 million, or 30.9%, compared to the third quarter of 2024. Diluted EPS for the third quarter of 2025 was $1.59, up $0.41 compared to the third quarter of 2024.

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Net income for the nine months ended September 30, 2025 was $34.7 million, up $7.9 million, or 28.7%, compared to the nine months ended September 30, 2024. Diluted EPS for the nine months ended September 30, 2025 was $4.41, up $1.07 compared to the nine months ended September 30, 2024.

During the three months ended September 30, 2025, the Company reversed $229,000 of the allowance for loan losses primarily due to loan reduction. During the nine months ended September 30, 2025, the Company provisioned $654,000 to the allowance for loan losses, primarily due to an increase in nonaccrual loans during the year. During the three and nine months ended September 30, 2024, the Company provisioned $140,000 and $1.5 million, respectively, to the allowance for loan losses primarily due to loan growth and net charge-offs.

Net Interest Income 

Net interest income is the difference between the interest income earned on interest-earning assets, such as loans and investment securities, and the interest expense paid on interest-bearing liabilities, such as deposits and borrowings. The Company’s net interest income is largely determined by our net interest spread, which is the difference between the average yield earned on interest-earning assets and the average rate paid on interest-bearing liabilities, and the relative amounts of interest-earning assets and interest-bearing liabilities. The Company’s tax-equivalent net interest spread was 3.26% and 2.80% for the quarters ended September 30, 2025 and 2024, respectively, and 3.19% and 2.80% for the nine months ended September 30, 2025 and 2024, respectively.

Net interest income totaled $34.1 million for the third quarter of 2025, up