Business
HOME BANCORP, INC. ANNOUNCES 2026 FIRST QUARTER RESULTS AND DECLARES A QUARTERLY DIVIDEND
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 2026. For the quarter, the Company reported net income of $11.4 million, or $1.45 per diluted common share ("diluted EPS"), down $51,000 from $11.4 million, or $1.46 diluted EPS, for the fourth quarter of 2025.
About this update from Home Bancorp, Inc.
[{"type":"text","content":" LAFAYETTE, La. , April 20, 2026 /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 2026. For the quarter, the Company reported net income of $11.4 million, or $1.45 per diluted common share ("diluted EPS"), down $51,000 from $11.4 million, or $1.46 diluted EPS, for the fourth quarter of 2025.","length":481,"tagName":"p"},{"type":"image","alt":"Home Bank Logo. (PRNewsFoto/Home Bancorp, Inc.) (PRNewsFoto/)","displaySize":"","headline":null,"caption":"Home Bank Logo. (PRNewsFoto/Home Bancorp, Inc.) (PRNewsFoto/)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":76,"url":"https://media.zenfs.com/en/prnewswire.com/27ed03165bbaad24a98f2d7fbde9fb52"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/XsMIcHkFdW9JNHQs1nyxUA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEzNA--/https://media.zenfs.com/en/prnewswire.com/27ed03165bbaad24a98f2d7fbde9fb52","width":400,"height":76}},"href":"https://mma.prnewswire.com/media/133210/home_bancorp__inc__logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""In March 2026, we opened our newest full-service location in Tomball, TX," said John W. Bordelon, President and Chief Executive Officer of the Company and the Bank. "We are pleased with our financial results for the first quarter. While loan production remained down during the quarter, deposit growth increased and reduced our loan to deposit ratio to 90%. Financial metrics remained strong with ROA increasing to 1.30% and a ten-basis point NIM expansion to 4.16% for the quarter. Credit metrics reflect an increase in nonperforming and criticized loans during the quarter, but we do not anticipate material losses. We remain focused on proactively identifying and resolving problem loans as quickly as possible. We are confident that our teams have the ability to broaden meaningful relationships with our customers across all our markets throughout the remainder of the year."","length":901,"tagName":"p"},{"type":"text","content":" First Quarter 2026 Highlights ","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Loans totaled $2.7 billion at March 31, 2026, down $15.9 million, or 0.6% (a decrease of 2% on an annualized basis), from December 31, 2025. ","length":150,"tagName":"p"}]},{"val":[{"type":"text","content":"Deposits totaled $3.0 billion at March 31, 2026, up $54.0 million, or 1.8% (an increase of 7% on an annualized basis), from December 31, 2025. Core deposits increased $118.1 million, or 5.4% (an increase of 22% on an annualized basis), during the first quarter of 2026 to $2.3 billion. ","length":285,"tagName":"p"}]},{"val":[{"type":"text","content":"Net interest income in the first quarter of 2026 totaled $34.5 million, up $434,000, or 1%, from the prior quarter. ","length":115,"tagName":"p"}]},{"val":[{"type":"text","content":"The net interest margin ("NIM") was 4.16% in the first quarter of 2026 compared to 4.06% in the fourth quarter of 2025, primarily due to lower funding cost. ","length":166,"tagName":"p"}]},{"val":[{"type":"text","content":"Nonperforming assets totaled $39.9 million, or 1.12% of total assets, at March 31, 2026 compared to $36.1 million, or 1.03% of total assets, at December 31, 2025. This increase in nonperforming assets is primarily due to multiple loan relationships (with the largest relationship totaling $1.4 million) which were moved to nonaccrual status, partially offset by paydowns in the first quarter of 2026. ","length":410,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company recorded a $922,000 provision to the allowance for loan losses in the first quarter of 2026, compared to a $480,000 provision in the fourth quarter of 2025, primarily due to an increase in individually analyzed loan reserves, offset by loan reduction.","length":263,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1389,"olType":false},{"type":"readMore"},{"type":"text","content":" Loans ","length":5,"tagName":"p"},{"type":"text","content":"Loans totaled $2.7 billion at March 31, 2026, down $15.9 million, or 0.6%, from December 31, 2025. The following table summarizes the changes in the Company's loan portfolio, net of unearned income, from December 31, 2025 through March 31, 2026.","length":269,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:LEFT;","val":[{"type":"text","content":" (dollars in thousands) ","length":22,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.83em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":" ","length":0,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":" 3/31/2026 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The decrease on loan yields was driven by Federal Reserve rate cuts in mid-December 2025, which impacted the full quarter in 2026. We experienced a slow down in loan production, resulting in loan reduction across most of our markets during the first quarter of 2026.","length":383,"tagName":"p"},{"type":"text","content":" Credit Quality and Allowance for Credit Losses ","length":46,"tagName":"p"},{"type":"text","content":"Nonperforming assets ("NPAs") totaled $39.9 million, or 1.12% of total assets, at March 31, 2026, up $3.8 million, or 11%, from $36.1 million, or 1.03% of total assets, at December 31, 2025. The increase in NPAs during the first quarter of 2026 was primarily due to multiple loan relationships (with the largest relationship totaling $1.4 million) which were put on nonaccrual during the quarter, offset by payoffs and paydowns. During the first quarter of 2026, the Company recorded net loan charge-offs of $384,000, compared to net loan charge-offs of $165,000 during the fourth quarter of 2025.","length":617,"tagName":"p"},{"type":"text","content":"The Company provisioned $922,000 to the allowance for loan losses in the first quarter of 2026. At March 31, 2026, the allowance for loan losses totaled $33.7 million, or 1.23% of total loans, compared to $33.1 million, or 1.21% of total loans, at December 31, 2025. 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, borrower specific information impacting changes in risk ratings, projected delinquencies and the impact of industry-wide loan modification efforts, among other factors.","length":725,"tagName":"p"},{"type":"text","content":"The following tables present the Company's loan portfolio by credit quality classification as of March 31, 2026 and December 31, 2025.","length":148,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":" ","length":0,"tagName":"p","attribs":{}}]},{"colspan":"8","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":" March 31, 2026 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The Company had $139.9 million and $140.1 million of securities pledged to secure public deposits at March 31, 2026 and December 31, 2025, respectively.","length":284,"tagName":"p"},{"type":"text","content":" Deposits ","length":8,"tagName":"p"},{"type":"text","content":"Total deposits were $3.0 billion at March 31, 2026, up $54.0 million, or 2%, from December 31, 2025. Core deposits or non-maturity deposits increased $118.1 million, or 5%, during the first quarter of 2026 to $2.3 billion. 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Public funds in excess of the FDIC insurance limits are fully collateralized.","length":299,"tagName":"p"},{"type":"text","content":" Net Interest Income ","length":19,"tagName":"p"},{"type":"text","content":"NIM increased 10 basis points from 4.06% for the fourth quarter of 2025 to 4.16% for the first quarter of 2026, primarily due to lower funding cost for average interest-bearing liabilities.","length":189,"tagName":"p"},{"type":"text","content":"The average cost of interest-bearing deposits decreased by 22 basis points in the first quarter of 2026 compared to the fourth quarter of 2025, primarily due to the lower funding cost. The decrease in funding costs was primarily due to a shift in the mix of average balance of interest-bearing deposits.","length":303,"tagName":"p"},{"type":"text","content":"Average other interest-earning assets were $168.7 million for the first quarter of 2026, up $5.7 million, or 3%, from the fourth quarter of 2025, primarily due to an increase in the average balance of cash and cash equivalents. The average yield on other interest-earning assets (primarily funds held at the Federal Reserve) decreased 48 basis points in the first quarter of 2026 compared to the fourth quarter of 2025 due to lower interest rates during the quarter.","length":466,"tagName":"p"},{"type":"text","content":"Average FHLB advances were $1.9 million for the first quarter of 2026, a decrease of $1.1 million, or 37%, from the fourth quarter of 2025 due to paydowns of FHLB advances.","length":172,"tagName":"p"},{"type":"text","content":"Loan accretion income from acquired loans totaled $189,000 for the first quarter of 2026, down $53,000, or 22%, from the fourth quarter of 2025.","length":144,"tagName":"p"},{"type":"text","content":" Noninterest Income ","length":18,"tagName":"p"},{"type":"text","content":"Noninterest income for the first quarter of 2026 totaled $3.7 million, down $260,000, or 7%, from the fourth quarter of 2025. The decrease was ...
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