Home Bancorp, Inc. · NASDAQ:HBCP
Home Bancorp — Q1 2025 Earnings Presentation
30 slides from Home Bancorp's earnings presentation, Apr 22, 2025
Slide 1: Q1 2025 Earnings Conference Call
Q1 2025 Earnings Conference Call
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain comments in this presentation contain certain forward looking statements (as defined in the Securities Exchange Act of 1934 and the regulations thereunder). Forward looking statements are not historical facts but instead represent only the beliefs, expectations or
Slide 3: Our Company
Our Company Headquarters: Lafayette, LA Ticker: HBCP (NASDAQ) History: • Founded in 1908 • IPO completed October 2008 • Six acquisitions completed since 2010 • 43 locations across Southern Louisiana, Western Mississippi and Houston Total Assets • 1 Commercial Banking Office in North Houston $3.5B Hi
Slide 4: Our Markets
Our Markets eta LAFAYETTE Greater Acadiana Region TOTAL BRANCHES: 13 BATON ROUGE TOTAL BRANCHES: 4 NORTHSHORE HOUSTON TOTAL BRANCHES: 5 COMMERCIAL BANKING OFFICE: 1 NATCHEZ TOTAL BRANCHES: 3 NEW ORLEANS TOTAL BRANCHES: 6 NEW ORLEANS 9 we NORTHSHORE TOTAL BRANCHES: 6 SOUTHWEST ACADIANA TOTAL BRANCHES
Slide 5: Quarterly Financial Highlights
Quarterly Financial Highlights (dollars in thousands, except per share data) 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 Profitability Net income $ 9,385 $ 9,199 $ 8,118 $ 9,437 $ 9,673 $ 10,964 Diluted EPS 1.17 1.14 1.02 1.18 1.21 1.37 Net interest income 29,282 28,901 29,393 30,382 31,586 31,7
Slide 6: Asset Growth
Asset Growth 4,000 Texan Bank - CAGR = 12.3% $416 MM as of March 31, 2025 3,500 St. Martin Bank & Trust - $597 MM 3,000 Bank of New Orleans - Home Bank Total Assets ($ in millions) $346 MM 2,500 Britton & Koontz Bank - $301 MM Guaranty 2,000 Savings Bank - $257 MM Statewide 1,500 Bank - $199 MM 1,00
Slide 7: Profitability
(1) Profitability Return on Average Assets Return on Average Equity 2.0% 16.0% 1.8% 14.0% 1.6% 11.8 11.9 12.0% 11.3 1.4% 1.25 1.27 1.32 9.9 1.2% 1.12 1.12 10.0% 8.9 8.5 1.04 1.0% 8.0% 1.76 14.4 0.8% 6.0% 11.6 11.0 0.6% 1.23 1.29 10.2 9.6 0.99 1.07 1.08 4.0% 7.8 0.4% 0.2% 2.0% 0.0% 0.0% 2020 2021 202
Slide 8: Loan Portfolio
Loan Portfolio (as of March 31, 2025) Composition Consumer Home Equity 1% 2,800 3% Loan Balance Outstanding ($ in millions) 2,750 4% Multifamily 7% CRE O.O. Annualized Growth Rate 7% 26% 2,700 C&D 1% 13% 6% 2,650 6% 1-4 Mortgage C&I 18% 2,600 15% CRE N.O.O. 2,550 17% Market Diversification 2,500 MS
Slide 9: OO CRE Portfolio
OO CRE Portfolio (as of March 31, 2025) Average Rate Fixed Rate % % of Total % of OO Avg Loan Criticized 5.4% 75% dollars in thousands Balances Loans CRE Size Balances Convenience Store $ 147,179 5% 20 % $ 1,429 $ — Office 101,805 4 14 457 — Nonaccrual Convenience Store Warehouse Or Industrial 97,08
Slide 10: NOO CRE Portfolio, including Multifamily
NOO CRE Portfolio, including Multifamily (as of March 31, 2025) % of % of Total NOO Avg Loan Criticized Average Rate Fixed Rate % dollars in thousands Balances Loans CRE Size Balances 5.79% 73% Multifamily $ 183,792 7% 28 % $ 1,276 $ 1,256 Retail Multi-tenant 137,286 5 21 1,596 453 Multi Use Facilit
Slide 11: CRE Non-Medical Office Exposure
CRE Non-Medical Office Exposure (as of March 31, 2025) NOO Office Exposure Average Rate Average Criticized NOO 5.3% Remaining dollars in thousands Balances % of Total Loans Avg Loan Size Balances OO 5.6% Maturity Baton Rouge $ 24,615 0.9 % $ 1,368 $ — NOO 6.4 yrs Houston 22,142 0.8 1,845 — OO 7.5 yr
Slide 12: Commercial & Industrial
Commercial & Industrial (as of March 31, 2025) LOC Utilization Nonaccrual % of Avg Loan Criticized dollars in thousands Balances % of C&I Loans Size Balances Rate Balance Professional Services $ 52,593 12.8 1.9 $ 121 $ 5 49% $1.2 million Finance and Insurance 51,877 12.6 1.9 752 1,314 Retail 40,435
Slide 13: C&D Portfolio
C&D Portfolio Composition (as of March 31, 2025) 1-4 Family Total Average Construction, 17% Balance Balance $347 million $561K Commercial Lots, Construction, 54% Development and 1.6% $782K Unimproved Land, 29% on Nonaccrual net charge-offs or $5.6 million since 2009 Historic Charge-off (Recovery Rat
Slide 14: Loans & Securities - Repricing and Maturity
Loans & Securities - Repricing and Maturity (as of March 31, 2025) Loan Repricing or Maturing Term Rate Structure (1) Total Loans and Leases 3 mths or dollars in millions less 4 -12 Mths 1 - 3 Years 3 - 5 Years 5 - 7 Years 7+ Years Total Fixed Adjustable Residential mortgages $43 $49 $130 $119 $31 $
Slide 15: Changes in ALL
Changes in ALL 2021 2023 2024 2025 40 $2.4 $0.4 $2.3 $29.3 $(1.0) $— 30 $(0.1) ($ in millions) 20 $31.5 $32.9 $33.3 $29.3 10 0 Dec 2022 Organic Net Charge- Dec 2023 Organic Net Charge- Dec 2024 Organic Net Charge- Mar 2025 Provision offs Provision offs Provision offs (dollars in thousands) 3/31/2024
Slide 16: Credit Quality Trends
Credit Quality Trends NPAs / Assets ALL / NPAs 1.6% 350% 1.4% 1.30 300% 1.2% 267 304 250% 1.0% 200% 165 211 0.77 155 0.8% 0.62 0.6% 150% 0.75 0.49 0.45 0.34 100% 146 0.4% 0.31 0.40 0.45 0.2% 0.32 50% 0.28 63 0.0% 0.14 0.20 0% 2019 2020 2021 2022 2023 2024 Mar-25 2019 2020 2021 2022 2023 2024 Mar-25
Slide 17: Investment Portfolio
Investment Portfolio 12% 2.4% of total assets Q1 yield (dollars in millions) Book Value Gain/(loss) Eff. Duration $34.0 million 99.7% MBS $189 $(19) 4.4 unrealized loss ~ AFS Agency CMBS 154 (6) 2.4 7.8% of book value Muni 54 (7) 5.8 CMO 16 (1) 2.9 Agency 17 (1) 2.7 $7.0 million $9.3 million Corp 5
Slide 18: Deposits
Deposits (as of March 31, 2025) $34,077 Average deposit size 3,500 11% 11% 12% 9% 8% 7% 15% 17% 16% 15% 15% 16% 27% 3,000 17% 13% 13% 24% 27% $ in millions 26% Non-interest bearing 25% deposit composition 31% 29% 24% 23% 23% 2,500 7% 28% 30% 34% 28% 26% 27% Annualized 2025 growth rate 2,000 2020 202
Slide 19: Deposits
Deposits (as of March 31, 2025) Uninsured Deposits(1) Retail Business Public Broker Total FDIC Insured 45% 17% —% —% 62% Approximately $645 million or 23% of total deposits Uninsured (1) 8 15 — — 23 Reciprocal — 4 — — 4 Public Funds — — 8 — 8 Coverage of Brokered Deposits — — — 3 3 Uninsured Deposit
Slide 20: Yields
Yields NIM (TE) 4.40% 3.91% 1.85% 4.20% NIM for the quarter Cost of total deposits for 3.94 ended March 2025 the quarter ended 4.00% 3.91 3.82 March 2025 3.75 3.80% 3.69 3.71 3.64 3.66 3.60% Cost of borrowings decreased 14 bps 3.40% for the quarter ended March 2025 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 2
Slide 21: Interest Rate Risk
Interest Rate Risk Liability Betas Forecasted Change in NII 5.00% Rate Shock 1 Year % Change in NII 4.00% 200 1.9% 3.00% 100 1.1% 2.00% (100) (1.7)% 1.00% (200) (3.8)% —% Q2-Q3-Q4-Q1-Q2-Q3-Q4-Q1-Q2-Q3-Q4-Q1-Q2-Q3-Q4-Q1-Q2-Q3-Q4-Q1-Q2-Q3-Q4-Q1-Q2-Q3-Q4-Q1-Q2-Q3-Q4-Q1-Q2-Q3-Q4-Q1- 16 16 16 17 17 17 17
Slide 22: Noninterest Income & Expense
Noninterest Income & Expense Noninterest Income(1) / Assets 1Q 2Q 3Q 4Q 1Q (dollars in thousands) 0.65% 2024 2024 2024 2024 2025 0.62 Service fees and charges $ 1,254 $ 1,239 $ 1,291 $ 1,334 $ 1,309 0.60% 0.57 Bank card fees 1,575 1,751 1,613 1,586 1,578 0.54 0.55% Gain on sale of loans 87 126 195 6
Slide 23: Capital
Capital Dividends Per Share Share Repurchase Activity 1.50 Average *payable in May 2025 Year # Shares Price Cash Utilized 2019 419,498 $ 36.82 $ 15,444,895 1.00 1.01 1.00 0.91 0.93 0.84 0.88 2020 530,504 26.41 14,011,605 0.25 0.26 0.23 0.24 0.22 0.22 2021 246,012 36.18 8,900,409 0.25 0.25 0.54 0.22
Slide 24: Capital
Capital Capital Ratios (Bank only) 20% 15.9 14.7 14.2 14.5 14.6 15% 13.6 13.3 13.3 12.4 13.0 11.0 11.4 11.5 10.4 9.8 10% 5% 0% 2021 2022 2023 2024 1Q 2025 Tier 1 leverage capital Common equity tier 1 Total risk-based capital Regulatory Capital and Adjusted Capital as of March 31, 2025 Home Bank, N.A
Slide 25: Investment Perspective
Investment Perspective IIs Strong earnings and shareholder returns Conservative, well-managed Market disruption mA credit culture creates new opportunities ES a Disciplined acquirer Insider owners committed to continual improvement p < Homeff¥Bancorpinc. | 25 ——eEEE.R. ee
Slide 26: Serving the communities that built us since 1908
Serving the communities that built us since 1908. LAFAYETTE (GREATER ACADIANA REGION) HOUSTON NATCHEZ NEW ORLEANS NORTHSHORE Home ff Bancorp Inc. | 26
Slide 27: Appendix (non-GAAP reconciliation)
Appendix (non-GAAP reconciliation) (dollars in thousands, except per share data) 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 Total shareholders' equity $ 367,444 $ 372,285 $ 375,830 $ 393,453 $ 396,088 $ 402,831 Less: intangible assets 86,372 86,019 85,690 85,361 85,044 84,751 Non-GAAP tangible
Slide 28: Appendix (non-GAAP reconciliation)
Appendix (non-GAAP reconciliation) (dollars in thousands) 2019 2020 2021 2022 2023 2024 Mar-25 YTD Total shareholders' equity $ 316,329 $ 321,842 $ 351,903 $ 329,954 $ 367,444 $ 396,088 $ 402,831 Less: intangible assets 64,472 63,112 61,949 87,973 86,372 85,044 84,751 Non-GAAP tangible shareholders'
Slide 29: Appendix (non-GAAP reconciliation)
Appendix (non-GAAP reconciliation) (dollars in thousands) 2019 2020 2021 2022 2023 2024 Mar-25 YTD Reported noninterest income $ 14,415 $ 14,305 $ 16,271 $ 13,885 $ 14,636 $ 14,625 $ 4,009 Less: BOLI benefit 1,194 — 1,717 — — — — Less: gain (loss) on sale of securities — — — — (249) — — Less: gain (
Slide 30: Appendix (non-GAAP reconciliation)
Appendix (non-GAAP reconciliation) (dollars in thousands except for per share data) 2019 2020 2021 1Q2022 2022 2023 2024 1Q2025 Total shareholders' equity $ 316,329 $ 321,842 $ 351,903 $ 337,504 $ 329,954 $ 367,444 $ 396,088 $ 402,831 Less: intangible assets 64,472 63,112 61,949 87,569 87,973 86,372