Company: HBCP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001436425-25-000036
Chunk: 21

Company: HOME BANCORP, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 21
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 months ended June 30, 2025 totaled $7.7 million, up $421,000, or 5.8%, from $7.3 million earned for the same period in 2024. Noninterest income increased over the comparable periods primarily due to an increase in gain on sale of loans (up $278,000, primarily due to gain on sale of SBA loans) and service fees and charges (up $161,000), which were partially offset by a decrease in other income (down $46,000, primarily due to the absence of derivative fee income).

Noninterest Expense

Noninterest expense for the second quarter of 2025 totaled $22.4 million, up $599,000, or 2.7%, from the second quarter of 2024. Noninterest expense increased over the comparable quarters primarily due to an increase in other expenses (up $852,000, primarily due to a write off of an acquired SBA accounts receivable for guarantees), compensation and benefits (up $534,000, primarily due to increases in salaries), and foreclosed assets (up $330,000) which were partially offset by the reversal of provision for credit losses on unfunded commitments (down $836,000, primarily due to lower unfunded commitment levels) and professional services (down $185,000).

Noninterest expense for the six months ended June 30, 2025 totaled $44.0 million, up $1.3 million, or 3.1%, from the same period in 2024. Noninterest expense increased over the comparable quarters primarily due to an increase in compensation and benefits (up $1.0 million, primarily due to increases in salaries), other expenses (up $821,000, primarily due to a write off of an acquired SBA accounts receivable for guarantees) and foreclosed assets, net (up $492,000), which were partially offset by the reversal of provision for credit losses on unfunded commitments (down $836,000, primarily due to lower unfunded commitment levels).

Income Taxes

Income tax expense for the three and six months ended June 30, 2025 totaled $2.8 million and $5.7 million, respectively, compared to $2.0 million and $4.2 million for the three and six months ended June 30, 2024, respectively. Income tax expense increased over the prior comparable quarter primarily due to increased taxable earnings. The Company's effective tax rates for 

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