Home Bancorp(US:HBCP)2026-01-26 21:43Financial Performance - For the fourth quarter of 2025, Home Bancorp reported net income of $11.4 million, or $1.46 per diluted share, a decrease of 8% from the previous quarter's net income of $12.4 million, or $1.59 per diluted share [2]. - Reported net income for Q4 2025 was $11.4 million, compared to $12.4 million in Q3 2025 [31]. - Net income for the full year 2025 was $46,062,000, a significant increase from $36,427,000 in 2024, representing a growth of 26.5% [39]. - Earnings per share (EPS) for Q4 2025 was $1.48, down from $1.60 in Q3 2025 but up from $1.22 in Q4 2024, showing a year-over-year increase of 21.3% [39]. Loan and Deposit Growth - Total loans reached $2.7 billion at December 31, 2025, reflecting an increase of $38.1 million, or 1%, from the previous quarter, with an annualized growth rate of 6% [4]. - Core deposits increased by $24.5 million, or 1%, during the fourth quarter, totaling $2.2 billion, which represents a 5% annualized increase [4]. - Total deposits were $3.0 billion at December 31, 2025, down $2.7 million, or less than 1%, from the previous quarter [15]. - Total deposits increased to $2,977,273,000 as of December 31, 2025, compared to $2,918,938,000 at the end of Q3 2025 and $2,789,712,000 at the end of 2024 [39]. Asset Quality - Nonperforming assets rose to $36.1 million, or 1.03% of total assets, an increase of 17% from $30.9 million, or 0.88% of total assets, in the previous quarter [8]. - The allowance for loan losses at the end of the period was $33,142 thousand, reflecting a net charge-off of $165 thousand for the three months ended December 31, 2025 [48]. - Nonaccrual loans totaled $34,111 thousand as of December 31, 2025, up from $13,582 thousand a year earlier [48]. - The allowance for loan losses to nonperforming loans ratio decreased to 96.97% from 111.20% in the previous quarter [50]. Interest Income and Margin - Total interest income for Q4 2025 was $48,720,000, a slight decrease from $49,222,000 in Q3 2025, but an increase from $47,804,000 in Q4 2024 [37]. - Net interest income for Q4 2025 reached $34,048,000, compared to $34,106,000 in Q3 2025 and $31,586,000 in Q4 2024, reflecting a year-over-year increase of 7.8% [39]. - The net interest margin (NIM) decreased to 4.06% for the fourth quarter, down 4 basis points from 4.10% in the third quarter, primarily due to lower loan yields [4][19]. - The net interest margin (TE) for the twelve months ended December 31, 2025, was 4.03%, compared to 3.71% for the same period in 2024 [45]. Noninterest Income and Expense - Noninterest income for Q4 2025 totaled $4.0 million, up $260,000, or 7%, from Q3 2025, driven by increases in other income, gains on sale of loans, and service fees [23]. - Noninterest expense for Q4 2025 totaled $23.0 million, up $515,000, or 2%, compared to Q3 2025, primarily due to increases in other noninterest expense and compensation and benefits [24]. Shareholder Returns - The Company declared a quarterly cash dividend of $0.31 per share, unchanged from the previous quarter, payable on February 20, 2026 [26]. - The Company repurchased 750 shares of common stock at an average price of $59.97 during Q4 2025, with an additional 390,222 shares remaining eligible for purchase [27]. Equity and Valuation - Shareholders' equity at December 31, 2025, totaled $435.1 million, up $12.1 million, or 3%, compared to $423.0 million at September 30, 2025 [25]. - The book value per share increased to $55.56 at December 31, 2025, compared to $54.05 at September 30, 2025 [31]. - The common equity ratio at the end of Q4 2025 was 12.46%, up from 12.11% in Q3 2025 and 11.50% in Q4 2024 [39].