HOME BANCORP, INC. ANNOUNCES 2024 FIRST QUARTER RESULTS AND DECLARES QUARTERLY DIVIDEND

About this update from Home Bancorp, Inc.

LAFAYETTE, La. , April 17, 2024 /PRNewswire/ -- Home Bancorp, Inc. (Nasdaq: "HBCP") (the "Company"), the parent company for Home Bank, N.A . (the "Bank") ( www.home24bank.com ), reported financial results for the first quarter of 2024. For the quarter, the Company reported net income of $9.2 million , or $1.14 per diluted common share ("diluted EPS"), down $186,000 from $9.4 million , or $1.17 diluted EPS, for the fourth quarter of 2023. " Home Bank began 2024 with results similar to those in 2023. We had a solid 6% annualized loan growth rate and 8% annualized deposit growth rate for the quarter. While NIM decreased during the quarter, the pace of reduction has slowed as loans continue to reprice higher," said John W. Bordelon , President and Chief Executive Officer of the Company and the Bank. "While Houston continues to lead the majority of loan growth, most of our legacy franchise continues to show positive momentum. Deposits grew with the majority of the growth in customer CD's and Money Markets. Home Bank's talented, relationship-based bankers continue to attract new clients in all markets." First Quarter 2024 Highlights Loans totaled $2.6 billion at March 31, 2024 , up $40.1 million , or 1.6% (6% on an annualized basis), from December 31, 2023 . Deposits totaled $2.7 billion at March 31, 2024 , up $52.0 million , or 2% (8% on an annualized basis), from December 31, 2023 . Net interest income totaled $28.9 million , down $381,000 , or 1% from the prior quarter. The net interest margin ("NIM") was 3.64% in the first quarter of 2024 compared to 3.69% in the fourth quarter of 2023. Nonperforming assets totaled $22.0 million , or 0.65% of total assets compared to $10.4 million , or 0.31% of total assets, at December 31, 2023 . This increase in nonperforming assets is primarily due to two loan relationships which were classified as nonperforming in the first quarter of 2024, for which management does not anticipate any loss. Loans Loans totaled $2.6 billion at March 31, 2024 , up $40.1 million , or 2%, from December 31, 2023 . The following table summarizes the changes in the Company's loan portfolio, net of unearned income, from December 31, 2023 through March 31, 2024 . (dollars in thousands) 3/31/2024 12/31/2023 Increase (Decrease) Real estate loans: One- to four-family first mortgage $ 436,659 $ 433,401 $ 3,258 1 % Home equity loans and lines 70,377 68,977 1,400 2 Commercial real estate 1,221,573 1,192,691 28,882 2 Construction and land 334,324 340,724 (6,400) (2) Multi-family residential 118,748 107,263 11,485 11 Total real estate loans 2,181,681 2,143,056 38,625 2 Other loans: Commercial and industrial 407,730 405,659 2,071 1 Consumer 32,279 32,923 (644) (2) Total other loans 440,009 438,582 1,427 — Total loans $ 2,621,690 $ 2,581,638 $ 40,052 2 % The average loan yield was 6.18% for the first quarter of 2024, up 10 basis points, from the fourth quarter of 2023. Loan growth during the first quarter of 2024 was primarily in commercial real estate and multi-family residential loans. Loans grew in the first quarter of 2024 across most of our markets with approximately 77% of the growth attributable to the Houston market. Credit Quality and Allowance for Credit Losses Nonperforming assets ("NPAs") totaled $22.0 million , or 0.65% of total assets, at March 31, 2024 , up $11.6 million , or 111%, from $10.4 million , or 0.31% of total assets, at December 31, 2023 . The increase in NPAs during the first quarter of 2024 was primarily due to two loan relationships which were classified nonperforming, for which management does not anticipate any losses. Management expects one of the relationships over 90 days past due to be brought current or paid down significantly before the end of April 2024 . During the first quarter of 2024, the Company recorded net loan charge-offs of $217,000 , compared to net loan charge-offs of $250,000 during the fourth quarter of 2023. The Company provisioned $141,000 to the allowance for loan losses in the first quarter of 2024. At March 31, 2024 , the allowance for loan losses totaled $31.5 million , or 1.20% of total loans, compared to $31.5 million , or 1.22% of total loans, at December 31, 2023 . Provisions to the allowance for loan losses are based upon, among other factors, our estimation of current expected losses in our loan portfolio, which we evaluate on a quarterly basis. Changes in expected losses consider various factors including the changing economic activity, potential mitigating effects of governmental stimulus, borrower specific information impacting changes in risk ratings, projected delinquencies and the impact of industry-wide loan modification efforts, among other factors. The following tables present the Company's loan portfolio by credit quality classification as of March 31, 2024 and December 31, 2023 . March 31, 2024 (dollars in thousands) Pass Special Mention Substandard Total One- to four-family first mortgage $ 429,488 $ 865 $ 6,306 $ 436,659 Home equity loans and lines 70,136 — 241 70,377 Commercial real estate 1,204,466 — 17,107 1,221,573 Construction and land 322,792 6,565 4,967 334,324 Multi-family residential 114,315 — 4,433 118,748 Commercial and industrial 404,786 1,148 1,796 407,730 Consumer 32,001 — 278 32,279 Total $ 2,577,984 $ 8,578 $ 35,128 $ 2,621,690 December 31, 2023 (dollars in thousands) Pass Special Mention Substandard Total One- to four-family first mortgage $ 429,964 $ 868 $ 2,569 $ 433,401 Home equity loans and lines 68,770 — 207 68,977 Commercial real estate 1,178,060 — 14,631 1,192,691 Construction and land 329,622 5,874 5,228 340,724 Multi-family residential 103,760 — 3,503 107,263 Commercial and industrial 402,732 1,186 1,741 405,659 Consumer 32,634 — 289 32,923 Total $ 2,545,542 $ 7,928 $ 28,168 $ 2,581,638 Investment Securities The Company's investment securities portfolio totaled $422.9 million at March 31, 2024 , a decrease of $12.1 million , or 3%, from December 31, 2023 . At March 31, 2024 , the Company had a net unrealized loss position on its investment securities of $46.6 million , compared to a net unrealized loss of $43.4 million at December 31, 2023 . The Company's investment securities portfolio had an effective duration of 4.2 years at March 31, 2024 and December 31, 2023 . The following table summarizes the composition of the Company's investment securities portfolio at March 31, 2024 . (dollars in thousands) Amortized Cost Fair Value Available for sale: U.S. agency mortgage-backed $ 307,558 $ 274,686 Collateralized mortgage obligations 81,218 77,277 Municipal bonds 53,784 46,096 U.S. government agency 18,862 17,618 Corporate bonds 6,982 6,136 Total available for sale $ 468,404 $ 421,813 Held to maturity: Municipal bonds $ 1,065 $ 1,062 Total held to maturity $ 1,065 $ 1,062 Approximately 64% of the investment securities portfolio was pledged as of March 31, 2024 to secure public deposits and borrowings with the Federal Reserve Bank Term Funding Program ("BTFP"). As of March 31, 2024 and December 31, 2023 , the Company had $135.5 million and $127.2 million , respectively, of securities pledged to secure public deposits and $135.0 million and none, respectively, pledged to the BTFP borrowings. Deposits Total deposits were $2.7 billion at March 31, 2024 , up $52.0 million , or 2%, from December 31, 2023 . Non-maturity deposits decreased $1.2 million , or less than 1% during the first quarter of 2024 to $2.0 billion . The following table summarizes the changes in the Company's deposits from December 31, 2023 to March 31, 2024 . (dollars in thousands) 3/31/2024 12/31/2023 Increase (Decrease) Demand deposits $ 742,177 $ 744,424 $ (2,247) — % Savings 228,047 231,624 (3,577) (2) Money market 423,521 408,024 15,497 4 NOW 630,962 641,818 (10,856) (2) Certificates of deposit 697,871 644,734 53,137 8 Total deposits $ 2,722,578 $ 2,670,624 $ 51,954 2 % The average rate on interest-bearing deposits increased 28 basis points from 2.24% for the fourth quarter of 2023 to 2.52% for the first quarter of 2024. At March 31, 2024 , certificates of deposit maturing within the next 12 months totaled $640.2 million . We obtain most of our deposits from individuals, small businesses and public funds in our market areas. The following table presents our deposits per customer type for the periods indicated. March 31, 2024 December 31, 2023 Individuals 54 % 53 % Small businesses 36 38 Public funds 8 7 Broker 2 2 Total 100 % 100 % The total amounts of our uninsured deposits (deposits in excess of $250,000 , as calculated in accordance with FDIC regulations) were $781 .9 million at March 31, 2024 and $748.6 million at December 31, 2023 . Public funds in excess of the FDIC insurance limits are fully collateralized. Net Interest Income The net interest margin ("NIM") decreased 5 basis points from 3.69% for the fourth quarter of 2023 to 3.64% for the first quarter of 2024 primarily due to an increase in the average cost of interest-bearing deposits, which was partially offset by an increase in the average yield on interest-earning assets. The average cost of interest-bearing deposits increased by 28 basis points and the cost of deposits increased by $1.6 million , or 15%, in the first quarter of 2024 compared to the fourth quarter of 2023. The increase in deposit costs reflects the rise in market rates of interest as well as a migration to interest-bearing deposits from non-interest bearing deposits. The average loan yield was 6.18% for the first quarter of 2024, up 10 basis points from the fourth quarter of 2023, primarily reflecting increased rates on variable rate loans coupled with new loan originations at higher market rates during the period. Average other interest-earning assets were $57.1 million for the first quarter of 2024, down $420,000 , or 1%, from the fourth quarter of 2023 primarily due to a reallocation of certain other interest-earning assets. Loan accretion income from acquired loans totaled $525,000 for the first quarter of 2024, down $58,000 , or 10%, from the fourth quarter of 2023. The following table summarizes the Company's average volume and rate of its interest-earning assets and interest-bearing liabilities for the periods indicated. Taxable equivalent ("TE") yields on investment securities have been calculated using a marginal tax rate of 21%. Quarter Ended 3/31/2024 12/31/2023 (dollars in thousands) AverageBalance Interest AverageYield/ Rate AverageBalance Interest AverageYield/ Rate Interest-earning assets: Loans receivable $ 2,602,941 $ 40,567 6.18 % $ 2,572,400 $ 39,820 6.08 % Investment securities (TE) 472,578 2,788 2.38 481,322 2,837 2.37 Other interest-earning assets 57,103 771 5.43 57,523 742 5.12 Total interest-earning assets $ 3,132,622 $ 44,126 5.60 % $ 3,111,245 $ 43,399 5.49 % Interest-bearing liabilities: Deposits: Savings, checking, and money market $ 1,269,293 $ 4,800 1.52 % $ 1,273,550 $ 4,561 1.42 % Certificates of deposit 668,353 7,332 4.41 591,205 5,975 4.01 Total interest-bearing deposits 1,937,646 12,132 2.52 1,864,755 10,536 2.24 Other borrowings 125,979 1,486 4.74 5,539 53 3.80 Subordinated debt 54,268 845 6.22 54,214 844 6.23 FHLB advances 71,704 762 4.23 212,412 2,684 4.96 Total interest-bearing liabilities $ 2,189,597 $ 15,225 2.79 % $ 2,136,920 $ 14,117 2.62 % Noninterest-bearing deposits $ 743,262 $ 777,184 Net interest spread (TE) 2.81 % 2.87 % Net interest margin (TE) 3.64 % 3.69 % Noninterest Income Noninterest income for the first quarter of 2024 totaled $3.5 million , up $71,000 , or 2%, from the fourth quarter of 2023. The increase was related primarily to other income (up $70,000 ), gain on sale of loans (up $41,000 ) and service fees and charges (up $19,000 ), which were partially offset by bank card fees (down $71,000 ) for the first quarter of 2024 compared to the fourth quarter of 2023. Noninterest Expense Noninterest expense for the first quarter of 2024 totaled $20.9 million , up $264,000 , or 1%, from the fourth quarter of 2023. The increase was primarily related to compensation and benefits expense (up $769,000 ) and franchise and shares tax (up $357,000), which were partially offset by other noninterest expense (down $405,000), marketing and advertising expense (down $293,000 ) and the absence of provision for credit losses on unfunded commitments (down $140,000 ) during the first quarter of 2024. Capital and Liquidity At March 31, 2024 , shareholders' equity totaled $372.3 million , up $4.8 million , or 1%, compared to $367.4 million at December 31, 2023 . The increase was primarily due to the the Company's earnings of $9.2 million during the first quarter of 2024, partially offset by increases in accumulated other comprehensive loss on available for sale investment securities, shareholder dividends and repurchases of shares of the Company's common stock. The market value of the Company's available for sale securities at March 31, 2024 decreased $3.2 million , or 7%, during the first quarter of 2024. Preliminary Tier 1 leverage capital and total risk-based capital ratios were 11.19% and 14.39%, respectively, at March 31, 2024 , compared to 10.98% and 14.23%, respectively, at December 31, 2023 . The following table summarizes the Company's primary and secondary sources of liquidity which were available at March 31, 2024 . (dollars in thousands) March 31, 2024 Cash and cash equivalents $ 90,475 Unencumbered investment securities, amortized cost 86,091 FHLB advance availability 1,107,888 Amounts available from unsecured lines of credit 55,000 Federal Reserve discount window availability 500 Total primary and secondary sources of available liquidity $ 1,339,954 Dividend and Share Repurchases The Company announced that its Board of Directors declared a quarterly cash dividend on shares of its common stock of $0.25 per share payable on May 10, 2024 , to shareholders of record as of April 29, 2024 . In October 2023 , the Board of Directors approved a new share repurchase plan (the "2023 Repurchase Plan"). Under the 2023 Repurchase Plan, the Company may purchase up to 405,000 shares, or approximately 5% of the Company's outstanding common stock. Share repurchases under the 2023 Repurchase Plan may commence upon the completion of the Company's 2021 Repurchase Plan. As of March 31, 2024 , there were 415,143 shares remaining that may be repurchased under the 2021 and 2023 Repurchase Plans. The repurchase plans do not include specific price targets and may be executed through the open market or privately-negotiated transactions depending upon market conditions and other factors. The repurchase plans have no time limit and may be suspended or discontinued at any time. The Company repurchased 21,303 shares of its common stock during the first quarter of 2024 at an average price per share of $38.78 . The book value per share and tangible book value per share of the Company's common stock was $45.73 and $35.17 , respectively, at March 31, 2024 . Conference Call Executive management will host a conference call to discuss first quarter 2024 results on Thursday, April 18, 2024 at 10:30 a.m. CDT . Analysts, investors and interested parties may attend the conference call by dialing toll free 1.646.357.8785 (US Local/International) or 1.800.836.8184 (US Toll Free). The investor presentation can be accessed the day of the presentation on Home Bancorp, Inc. website at https://home24bank.investorroom.com . A replay of the conference call and a transcript of the call will be posted to the Investor Relations page of the Company's website, https://home24bank.investorroom.com . Non-GAAP Reconciliation This news release contains financial information determined by methods other than in accordance with generally accepted accounting principles ("GAAP"). The Company's management uses this non-GAAP financial information in its analysis of the Company's performance. In this news release, information is included which excludes intangible assets. Management believes the presentation of this non-GAAP financial information provides useful information that is helpful to a full understanding of the Company's financial position and operating results. This non-GAAP financial information should not be viewed as a substitute for financial information determined in accordance with GAAP, nor is it necessarily comparable to non-GAAP financial information presented by other companies. A reconciliation on non-GAAP information included herein to GAAP is presented below. Quarter Ended (dollars in thousands, except per share data) 3/31/2024 12/31/2023 3/31/2023 Reported net income $ 9,199 $ 9,385 $ 11,320 Add: Core deposit intangible amortization, net tax 279 298 352 Non-GAAP tangible income $ 9,478 $ 9,683 $ 11,672 Total assets $ 3,357,604 $ 3,320,122 $ 3,266,970 Less: Intangible assets 86,019 86,372 87,527 Non-GAAP tangible assets $ 3,271,585 $ 3,233,750 $ 3,179,443 Total shareholders' equity $ 372,285 $ 367,444 $ 345,100 Less: Intangible assets 86,019 86,372 87,527 Non-GAAP tangible shareholders' equity $ 286,266 $ 281,072 $ 257,573 Return on average equity 9.98 % 10.61 % 13.53 % Add: Average intangible assets 3.42 3.92 5.29 Non-GAAP return on average tangible common equity 13.40 % 14.53 % 18.82 % Common equity ratio 11.09 % 11.07 % 10.56 % Less: Intangible assets 2.34 2.38 2.46 Non-GAAP tangible common equity ratio 8.75 % 8.69 % 8.10 % Book value per share $ 45.73 $ 45.04 $ 41.66 Less: Intangible assets 10.56 10.59 10.57 Non-GAAP tangible book value per share $ 35.17 $ 34.45 $ 31.09 This news release contains certain forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could" or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors - many of which are beyond our control - could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Home Bancorp's Annual Report on Form 10-K for the year ended December 31, 2023 describes some of these factors, including risk elements in the loan portfolio, risks related to our deposit activities, the level of the allowance for credit losses, risks of our growth strategy, geographic concentration of our business, dependence on our management team, risks of market rates of interest and of regulation on our business and risks of competition. Forward-looking statements speak only as of the date they are made. We do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made or to reflect the occurrence of unanticipated events. HOME BANCORP, INC. AND SUBSIDIARY CONDENSED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (dollars in thousands) 3/31/2024 12/31/2023 %Change 3/31/2023 Assets Cash and cash equivalents $ 90,475 $ 75,831 19 % $ 107,171 Interest-bearing deposits in banks — 99 (100) 349 Investment securities available for sale, at fair value 421,813 433,926 (3) 466,506 Investment securities held to maturity 1,065 1,065 — 1,070 Mortgage loans held for sale 646 361 79 473 Loans, net of unearned income 2,621,690 2,581,638 2 2,466,392 Allowance for loan losses (31,461) (31,537) — (30,118) Total loans, net of allowance for loan losses 2,590,229 2,550,101 2 2,436,274 Office properties and equipment, net 42,341 41,980 1 42,844 Cash surrender value of bank-owned life insurance 47,587 47,321 1 46,528 Goodwill and core deposit intangibles 86,019 86,372 — 87,527 Accrued interest receivable and other assets 77,429 83,066 (7) 78,228 Total Assets $ 3,357,604 $ 3,320,122 1 $ 3,266,970 Liabilities Deposits $ 2,722,578 $ 2,670,624 2 % $ 2,557,744 Other Borrowings 140,539 5,539 2437 5,539 Subordinated debt, net of issuance cost 54,294 54,241 — 54,073 Federal Home Loan Bank advances 38,607 192,713 (80) 276,727 Accrued interest payable and other liabilities 29,301 29,561 (1) 27,787 Total Liabilities 2,985,319 2,952,678 1 2,921,870 Shareholders' Equity Common stock 81 81 — 83 Additional paid-in capital 166,160 165,823 — 165,470 Common stock acquired by benefit plans (1,607) (1,697) 5 (1,969) Retained earnings 241,152 234,619 3 215,290 Accumulated other comprehensive loss (33,501) (31,382) (7) (33,774) Total Shareholders' Equity 372,285 367,444 1 345,100 Total Liabilities and Shareholders' Equity $ 3,357,604 $ 3,320,122 1 $ 3,266,970 HOME BANCORP, INC. AND SUBSIDIARY CONDENSED STATEMENTS OF INCOME (Unaudited) Quarter Ended (dollars in thousands, except per share data) 3/31/2024 12/31/2023 %Change 3/31/2023 %Change Interest Income Loans, including fees $ 40,567 $ 39,820 2 % $ 34,498 18 % Investment securities 2,788 2,837 (2) 3,142 (11) Other investments and deposits 771 742 4 475 62 Total interest income 44,126 43,399 2 38,115 16 Interest Expense Deposits 12,132 10,536 15 % 3,240 274 % Other borrowings 1,486 53 2704 53 2704 Subordinated debt expense 845 844 — 851 (1) Federal Home Loan Bank advances 762 2,684 (72) 2,376 (68) Total interest expense 15,225 14,117 8 6,520 134 Net interest income 28,901 29,282 (1) 31,595 (9) Provision for loan losses 141 665 (79) 814 (83) Net interest income after provision for loan losses 28,760 28,617 — 30,781 (7) Noninterest Income Service fees and charges 1,254 1,235 2 % 1,250 — % Bank card fees 1,575 1,646 (4) 1,787 (12) Gain on sale of loans, net 87 46 89 57 53 Income from bank-owned life insurance 266 267 — 253 5 Loss on sale of securities, net — — — (249) 100 Gain (loss) on sale of assets, net 6 (7) 186 (17) 135 Other income 361 291 24 230 57 Total noninterest income 3,549 3,478 2 3,311 7 Noninterest Expense Compensation and benefits 12,170 11,401 7 % 12,439 (2) % Occupancy 2,454 2,467 (1) 2,350 4 Marketing and advertising 466 759 (39) 307 52 Data processing and communication 2,514 2,423 4 2,321 8 Professional fees 475 465 2 364 30 Forms, printing and supplies 205 195 5 187 10 Franchise and shares tax 488 131 273 541 (10) Regulatory fees 469 589 (20) 539 (13) Foreclosed assets, net 65 43 51 (739) 109 Amortization of acquisition intangible 353 377 (6) 446 (21) Provision for credit losses on unfunded commitments — 140 (100) 210 (100) Other expenses 1,209 1,614 (25) 975 24 Total noninterest expense 20,868 20,604 1 19,940 5 Income before income tax expense 11,441 11,491 — 14,152 (19) Income tax expense 2,242 2,106 6 2,832 (21) Net income $ 9,199 $ 9,385 (2) $ 11,320 (19) Earnings per share - basic $ 1.15 $ 1.18 (3) % $ 1.40 (18) % Earnings per share - diluted $ 1.14 $ 1.17 (3) % $ 1.39 (18) % Cash dividends declared per common share $ 0.25 $ 0.25 — % $ 0.25 — % HOME BANCORP, INC. AND SUBSIDIARY SUMMARY FINANCIAL INFORMATION (Unaudited) Quarter Ended (dollars in thousands, except per share data) 3/31/2024 12/31/2023 %Change 3/31/2023 %Change EARNINGS DATA Total interest income $ 44,126 $ 43,399 2 % $ 38,115 16 % Total interest expense 15,225 14,117 8 6,520 134 Net interest income 28,901 29,282 (1) 31,595 (9) Provision for loan losses 141 665 (79) 814 (83) Total noninterest income 3,549 3,478 2 3,311 7 Total noninterest expense 20,868 20,604 1 19,940 5 Income tax expense 2,242 2,106 6 2,832 (21) Net income $ 9,199 $ 9,385 (2) $ 11,320 (19) AVERAGE BALANCE SHEET DATA Total assets $ 3,333,883 $ 3,299,069 1 % $ 3,219,856 4 % Total interest-earning assets 3,132,622 3,111,245 1 3,026,421 4 Total loans 2,602,941 2,572,400 1 2,437,770 7 PPP loans 5,393 5,643 (4) 6,386 (16) Total interest-bearing deposits 1,937,646 1,864,755 4 1,698,868 14 Total interest-bearing liabilities 2,189,597 2,136,920 2 1,973,926 11 Total deposits 2,680,909 2,641,939 1 2,578,369 4 Total shareholders' equity 370,761 350,898 6 339,311 9 PER SHARE DATA Earnings per share - basic $ 1.15 $ 1.18 (3) % $ 1.40 (18) % Earnings per share - diluted 1.14 1.17 (3) 1.39 (18) Book value at period end 45.73 45.04 2 41.66 10 Tangible book value at period end 35.17 34.45 2 31.09 13 Shares outstanding at period end 8,140,380 8,158,281 — 8,284,130 (2) Weighted average shares outstanding Basic 7,984,317 7,978,160 — % 8,087,524 (1) % Diluted 8,039,505 8,008,362 — 8,136,583 (1) SELECTED RATIOS (1) Return on average assets 1.11 % 1.13 % (2) % 1.43 % (22) % Return on average equity 9.98 10.61 (6) 13.53 (26) Common equity ratio 11.09 11.07 — 10.56 5 Efficiency ratio (2) 64.31 62.89 2 57.12 13 Average equity to average assets 11.12 10.64 5 10.54 6 Tier 1 leverage capital ratio (3) 11.19 10.98 2 10.69 5 Total risk-based capital ratio (3) 14.39 14.23 1 14.00 3 Net interest margin (4) 3.64 3.69 (1) 4.18 (13) SELECTED NON-GAAP RATIOS (1) Tangible common equity ratio (5) 8.75 % 8.69 % 1 % 8.10 % 8 % Return on average tangible common equity (6) 13.40 14.53 (8) 18.82 (29) (1) With the exception of end-of-period ratios, all ratios are based on average daily balances during the respective periods. (2) The efficiency ratio represents noninterest expense as a percentage of total revenues. Total revenues is the sum of net interest income and noninterest income. (3) Capital ratios are preliminary end-of-period ratios for the Bank only and are subject to change. (4) Net interest margin represents net interest income as a percentage of average interest-earning assets. Taxable equivalent yields are calculated using a marginal tax rate of 21%. (5) Tangible common equity ratio is common shareholders' equity less intangible assets divided by total assets less intangible assets. See "Non-GAAP Reconciliation" for additional information. (6) Return on average tangible common equity is net income plus amortization of core deposit intangible, net of taxes, divided by average common shareholders' equity less average intangible assets. See "Non-GAAP Reconciliation" for additional information. HOME BANCORP, INC. AND SUBSIDIARY SUMMARY CREDIT QUALITY INFORMATION (Unaudited) 3/31/2024 12/31/2023 3/31/2023 (dollars in thousands) Originated Acquired Total Originated Acquired Total Originated Acquired Total CREDIT QUALITY (1) Nonaccrual loans $ 11,232 $ 4,139 $ 15,371 $ 5,023 $ 3,791 $ 8,814 $ 5,546 $ 5,686 $ 11,232 Accruing loans 90 days or more past due 4,978 — 4,978 — — — — — — Total nonperforming loans 16,210 4,139 20,349 5,023 3,791 8,814 5,546 5,686 11,232 Foreclosed assets and ORE 1,539 62 1,601 1,495 80 1,575 — 80 80 Total nonperforming assets 17,749 4,201 21,950 6,518 3,871 10,389 5,546 5,766 11,312 Nonperforming assets to total assets 0.65 % 0.31 % 0.35 % Nonperforming loans to total assets 0.61 0.27 0.34 Nonperforming loans to total loans 0.78 0.34 0.46 (1) It is our policy to cease accruing interest on loans 90 days or more past due, with certain limited exceptions. Nonperforming assets consist of nonperforming loans, foreclosed assets and surplus real estate (ORE). Foreclosed assets consist of assets acquired through foreclosure or acceptance of title in-lieu of foreclosure. ORE consists of closed or unused bank buildings. HOME BANCORP, INC. AND SUBSIDIARY SUMMARY CREDIT QUALITY INFORMATION - CONTINUED (Unaudited) 3/31/2024 12/31/2023 3/31/2023 CollectivelyEvaluated IndividuallyEvaluated Total CollectivelyEvaluated IndividuallyEvaluated Total CollectivelyEvaluated IndividuallyEvaluated Total ALLOWANCE FOR CREDIT LOSSES One- to four-family first mortgage $ 3,275 $ — $ 3,275 $ 3,255 $ — $ 3,255 $ 3,356 $ — $ 3,356 Home equity loans and lines 701 — 701 688 — 688 753 — 753 Commercial real estate 14,863 200 15,063 14,604 201 14,805 13,344 450 13,794 Construction and land 5,287 — 5,287 5,292 123 5,415 4,921 — 4,921 Multi-family residential 584 — 584 474 — 474 608 — 608 Commercial and industrial 5,733 73 5,806 6,071 95 6,166 5,831 143 5,974 Consumer 745 — 745 734 — 734 712 — 712 Total allowance for loan losses $ 31,188 $ 273 $ 31,461 $ 31,118 $ 419 $ 31,537 $ 29,525 $ 593 $ 30,118 Unfunded lending commitments(2) 2,594 — 2,594 2,594 — 2,594 2,303 — 2,303 Total allowance for credit losses $ 33,782 $ 273 $ 34,055 $ 33,712 $ 419 $ 34,131 $ 31,828 $ 593 $ 32,421 Allowance for loan losses to nonperforming assets 143.33 % 303.56 % 266.25 % Allowance for loan losses to nonperforming loans 154.61 % 357.81 % 268.14 % Allowance for loan losses to total loans 1.20 % 1.22 % 1.22 % Allowance for credit losses to total loans 1.30 % 1.32 % 1.31 % Year-to-date loan charge-offs $ 241 $ 471 $ 93 Year-to-date loan recoveries 24 368 98 Year-to-date net loan (charge-offs) recoveries $ (217) $ (103) $ 5 Annualized YTD net loan (charge-offs) recoveries to average loans (0.03) % — % — % (2) The allowance for unfunded lending commitments is recorded within accrued interest payable and other liabilities on the Consolidated Statements of Financial Condition. 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