Company: HBCP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001436425-25-000036
Chunk: 82

Company: HOME BANCORP, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 82
---
 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 3.21% and 2.77% for the quarters ended June 30, 2025 and 2024, respectively, and 3.16% and 2.79% for the six months ended June 30, 2025 and 2024, respectively.

Net interest income totaled $33.4 million for the second quarter of 2025, up $4.0 million, or 13.5%, compared to the second quarter of 2024. For the six months ended June 30, 2025, net interest income totaled $65.1 million, up $6.8 million, or 11.7%, compared to the six months ended June 30, 2024.

The Company’s tax-equivalent net interest margin, which is net interest income as a percentage of average interest-earning assets, was 4.04% and 3.66% for the quarters ended June 30, 2025 and 2024, respectively. For the same periods, the average loan yield was 6.50% and 6.28%, respectively.

Acquired loan discount accretion included in interest income totaled $356,000 and $490,000 for the quarters ended June 30, 2025 and 2024, respectively. The net interest margin for the six months ended June 30, 2025 and 2024 was 3.98% and 3.65%, respectively. For the same periods, the average loan yield was 6.46% and 6.23%, 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%.

 Three Months Ended June 30, 20252024(dollars in thousands)Average BalanceInterestAverage Yield/RateAverage BalanceInterestAverage Yield/Rate