Company: HBCP
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-048166
Chunk: 1

Company: HOME BANCORP, INC.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 2
Chunk 1
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 acts of war or terrorism or other external events. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.

EXECUTIVE OVERVIEW

The Company reported net income for the third quarter of 2025 of $12.4 million, or $1.59 diluted EPS, up $2.9 million, or 30.9%, compared to the third quarter of 2024. Net income for the third quarter of 2024 totaled $9.4 million, or $1.18 diluted EPS. For the nine months ended September 30, 2025, the Company reported net income $34.7 million, or $4.41 diluted EPS, up $7.9 million, or 29.5%, from $26.8 million, or $3.34 diluted EPS, reported for the nine months ended September 30, 2024.

Key components of the Company’s performance during the three and nine months ended September 30, 2025 include:

•Assets increased $50.4 million, or 1.5%, from December 31, 2024 to $3.5 billion at September 30, 2025.

•Total loans were $2.7 billion at September 30, 2025, down $12.3 million, or 0.5%, from December 31, 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, which was partially offset by an increase in nonaccrual loans during the quarter. During the nine months ended September 30, 2025, the Company provisioned $654,000 to the allowance for loan losses, primarily due to the mix in loans and an increase in nonperforming assets 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. 

•The ALL totaled $32.8 million, or 1.21% of total loans, at September 30, 2025 compared to $32.9 million, or 1.21% of total loans, at December 31, 2024. The ACL, which is comprised of the allowance for loan losses plus the allowance for unfunded lending commitments, totaled