Company: HBCP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001436425-25-000036
Chunk: 81

Company: HOME BANCORP, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 81
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 originate loans155,614 161,482 

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to be drawn upon, the total commitment amounts generally represent future cash requirements.

Unfunded commitments under commercial lines of credit, revolving credit lines and overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit usually do not contain a specified maturity date and may not be drawn upon to the total extent to which the Company is committed.

The Company is subject to certain claims and litigation arising in the ordinary course of business. In the opinion 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 second quarter of 2025 was $11.3 million, up $3.2 million, or 39.6%, compared to the second quarter of 2024. Diluted EPS for the second quarter of 2025 was $1.45, up $0.43 compared to the second quarter of 2024.

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Net income for the six months ended June 30, 2025 was $22.3 million, up $5.0 million, or 28.7%, compared to the six months ended June 30, 2024. Diluted EPS for the six months ended June 30, 2025 was $2.82, up $0.66 compared to the six months ended June 30, 2024.

During the three and six months ended June 30, 2025, the Company provisioned $489,000 and $883,000, respectively, to the allowance for loan losses primarily due to loan growth. During the three and six months ended June 30, 2024, the Company provisioned $1.3 million and $1.4 million, respectively, to the allowance for loan losses primarily due to loan growth.

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