Company: HBCP
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-048166
Chunk: 68

Company: HOME BANCORP, INC.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 8
Chunk 68
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2025 period, and seven loan relationships that were downgraded to substandard and moved to nonaccrual status during the 2025 period.

•Total deposits amounted to $3.0 billion at September 30, 2025, an increase of $194.8 million, or 7.0%, from December 31, 2024. 

•The net interest margin was 4.10% and 4.02% for the three and nine months ended September 30, 2025, respectively, up 39 bps and 35 bps from the three and nine months ended September 30, 2024, respectively. The increases were primarily due to higher yields on interest-earning assets and lower funding costs.

•The average rate paid on total interest-bearing deposits was 2.57% for the third quarter of 2025, which was down 21 bps from the third quarter of 2024. For the nine months ended September 30, 2025, the average rate paid on total interest-bearing deposits was 2.54%, down 12 bps from the nine months ended September 30, 2024.

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•Total interest expense for the third quarter of 2025 was $15.1 million, down $1.9 million, or 11.1%, compared to the third quarter of 2024, primarily due to lower cost of borrowings. For the nine months ended September 30, 2025, total interest expense was $45.8 million, down $2.4 million, or 5.1%, from the comparable period in 2024.

•Noninterest income for the third quarter of 2025 was $3.7 million, up $46,000, or 1.2%, compared to the third quarter of 2024, primarily due to an increase in service fees and charges (up $117,000), which was partially offset by a decrease in other income (down $70,000). For the nine months ended September 30, 2025, noninterest income was $11.5 million, up $467,000, or 4.2%, from the comparable period in 2024 primarily due to an increase in service fees and charges (up $278,000) and gain on sale of loans (up $227,000), which were partially offset by a decrease in other income (down $116,000).

•Noninterest expense for the third quarter of