Home Bancorp(US:HBCP)2025-11-03 20:22Financial Performance - Net income for the three months ended September 30, 2025, was $12,357 thousand, up 30.5% from $9,437 thousand in the same period of 2024[12]. - Earnings per share (EPS) for the third quarter of 2025 was $1.60, an increase of 34.4% compared to $1.19 in the third quarter of 2024[12]. - Net income for the nine months ended September 30, 2025, was $34,651,000, an increase from $26,754,000 for the same period in 2024, representing a growth of approximately 29.4%[22]. - Comprehensive income for the three months ended September 30, 2025, was $14,959 thousand, compared to $19,499 thousand in the same period of 2024[15]. - Cash dividends declared per common share increased to $0.29 for the third quarter of 2025, up from $0.25 in the same quarter of 2024[12]. - Cash dividends declared increased to $0.83 per share in 2025, compared to $0.75 per share in 2024, reflecting a commitment to returning value to shareholders[19]. Asset and Deposit Growth - Total assets increased to $3,494,074 thousand as of September 30, 2025, compared to $3,443,668 thousand at December 31, 2024, reflecting a growth of 1.5%[10]. - Total deposits increased to $2,975,503 thousand as of September 30, 2025, up 7% from $2,780,696 thousand at December 31, 2024[10]. - Total cash and cash equivalents at the end of September 30, 2025, were $189,324,000, up from $135,877,000 at the end of September 30, 2024, indicating a significant increase in liquidity[22]. - The balance of retained earnings as of September 30, 2025, was $275,912,000, an increase from $251,692,000 as of September 30, 2024, indicating growth in shareholder equity[19]. Loan and Credit Quality - The total loans as of September 30, 2025, were $2,705,895,000, a slight decrease from $2,718,185,000 as of December 31, 2024[47]. - The allowance for loan losses decreased slightly to $32,827 thousand from $32,916 thousand, indicating a stable credit quality[10]. - The company reported a provision for loan losses of $654,000 for the nine months ended September 30, 2025, down from $1,542,000 in the same period of 2024, suggesting improved asset quality[22]. - Nonaccrual loans totaled $28,948,000 as of September 30, 2025, compared to $13,582,000 on December 31, 2024, indicating a significant rise[65]. - Total past due loans reached $31,879,000 as of September 30, 2025, up from $20,601,000 on December 31, 2024, marking a 54.8% increase[62]. Investment Securities - The Company reported total available for sale investment securities of $383,340,000 as of September 30, 2025, down from $402,792,000 as of December 31, 2024, representing a decrease of approximately 4.8%[34]. - The effective duration of the Company's investment securities portfolio was 3.5 years as of September 30, 2025, compared to 3.9 years as of December 31, 2024[35]. - The Company’s U.S. agency mortgage-backed securities had an amortized cost of $277,168,000 and a fair value of $257,870,000 as of September 30, 2025, indicating an unrealized loss of $19,629,000[34]. - The total financial assets carried at fair value on a recurring basis were $385,126 as of September 30, 2025, compared to $406,059 as of December 31, 2024, showing a decrease of 5.2%[113][114]. Derivative Instruments and Debt - The Company issued $55,000,000 in subordinated debt on June 30, 2022, with a fixed interest rate of 5.75% until June 30, 2027[100]. - Interest rate swaps recognized a gain of $120,000 in Other Comprehensive Income (OCI) for the three months ended September 30, 2025, with $514,000 reclassified into income[92]. - The maximum term extensions for one-to four-family first mortgages were 60 months for the nine months ended September 30, 2025[78]. - The carrying value of the 5.75% Fixed-to-Floating Rate Subordinated Notes was $54,621,000 at September 30, 2025, slightly up from $54,459,000 at December 31, 2024[101].