$HBCP

HOME BANCORP, INC.

CIK:0001436425|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest Income
Loans, including fees	$ 45,001	$ 45,287	$ 88,718	$ 89,319
Investment securities:
Taxable interest	2,733	2,523	5,224	5,115
Tax-exempt interest	71	73	140	145
Other investments and deposits	1,414	746	2,877	1,251
Total interest income	49,219	48,629	96,959	95,830
Interest Expense
Deposits	12,569	13,142	24,975	25,764
Other borrowings	0	53	0	106
Subordinated debt expense	845	844	1,690	1,689
Short-term Federal Home Loan Bank advances	0	1,120	0	2,775
Long-term Federal Home Loan Bank advances	0	119	7	396
Total interest expense	13,414	15,278	26,672	30,730
Net interest income	35,805	33,351	70,287	65,100
Provision for loan losses	762	489	1,684	883
Net interest income after provision for loan losses	35,043	32,862	68,603	64,217
Noninterest Income
Gain on sale of loans, net	229	114	459	491
Income from bank-owned life insurance	289	282	574	560
(Loss) gain on sale of assets, net	(1)	(2)	(1)	7
Other income	277	227	469	685
Total noninterest income	3,919	3,716	7,657	7,725
Noninterest Expense
Compensation and benefits	15,036	13,322	28,750	25,974
Occupancy	2,614	2,513	5,043	5,074
Marketing and advertising	522	461	1,016	890
Data processing and communication	2,655	2,628	5,284	5,270
Professional services	417	396	818	801
Forms, printing and supplies	179	203	398	403
Franchise and shares tax	340	483	680	959
Regulatory fees	460	502	922	1,018
Foreclosed assets, net	385	419	439	646
Amortization of acquisition intangible	210	269	444	562
Reversal for credit losses on unfunded commitments	0	(970)	0	(970)
Other expenses	1,736	2,181	3,700	3,359
Total noninterest expense	24,554	22,407	47,494	43,986
Income before income tax expense	14,408	14,171	28,766	27,956
Income tax expense	2,793	2,841	5,791	5,662
Net Income	$ 11,615	$ 11,330	$ 22,975	$ 22,294
Earnings per share:
Basic (in usd per share)	$ 1.49	$ 1.47	$ 2.96	$ 2.85
Diluted (in usd per share)	1.48	1.45	2.93	2.82
Cash dividends declared per common share (in usd per share)	$ 0.31	$ 0.27	$ 0.62	$ 0.54
Service fees and charges
Noninterest Income
Service fee and charges, and bank card fees	$ 1,407	$ 1,345	$ 2,844	$ 2,654
Bank card fees
Noninterest Income
Service fee and charges, and bank card fees	$ 1,718	$ 1,750	$ 3,312	$ 3,328

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 22,975	$ 22,294
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	1,684	883
Reversal of provision for unfunded commitments	0	(970)
Depreciation	1,746	1,647
Amortization and accretion of purchase accounting valuations and intangibles	837	1,278
Losses on equity investments	15	202
Federal Home Loan Bank stock dividends	(51)	(195)
Net (accretion) amortization of discount on investments	(165)	111
Amortization of subordinated debt issuance cost	109	108
Gain on loans sold, net	(459)	(491)
Proceeds, including principal payments, from loans held for sale	56,089	24,784
Originations of loans held for sale	(55,675)	(25,076)
Loss (gain) on sale of assets, net	1	(7)
Non-cash compensation	2,014	1,545
Deferred income tax (benefit) expense	(226)	139
Decrease in accrued interest receivable and other assets	680	104
Increase in cash surrender value of bank-owned life insurance	(574)	(560)
Increase in accrued interest payable and other liabilities	(958)	(4,471)
Net cash provided by operating activities	28,042	21,325
Cash flows from investing activities:
Purchases of securities available for sale	(60,846)	(7,392)
Proceeds from maturities, prepayments and calls on securities available for sale	42,264	27,433
Proceeds from maturities, prepayments and calls on securities held to maturity	535	0
Increase in loans, net	(48,767)	(48,768)
Proceeds from sale of foreclosed assets	1,832	1,319
Purchases of office properties and equipment	(4,290)	(4,719)
Proceeds from sale of office properties and equipment	0	187
Purchase of Federal Home Loan Bank stock	0	(1,582)
Proceeds from redemption of Federal Home Loan Bank stock	0	4,658
Net cash used in investing activities	(69,272)	(28,864)
Cash flows from financing activities:
Increase in deposits, net	96,074	127,534
Borrowings of Federal Home Loan Bank advances	0	3,513,875
Repayments of Federal Home Loan Bank advances	(3,024)	(3,601,225)
Proceeds from exercise of stock options	11	11
Issuance of stock under incentive plans, net	78	2
Dividends paid to shareholders	(4,859)	(4,293)
Purchase of Company’s common stock	(431)	(14,318)
Net cash provided by financing activities	87,849	21,586
Net change in cash and cash equivalents	46,619	14,047
Cash and cash equivalents, beginning	141,605	98,548
Cash and cash equivalents, ending	188,224	112,595
Supplementary cash flow information:
Interest paid on deposits and borrowed funds	26,957	31,715
Income taxes paid	$ 7,315	$ 8,010

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets
Cash and cash equivalents	$ 188,224	$ 141,605
Investment securities available for sale, at fair value (amortized cost $433,631 and $414,884, respectively)	408,582	391,448
Investment securities held to maturity (fair values of $531 and $1,066, respectively)	530	1,065
Mortgage loans held for sale	1,566	1,558
Loans, net of unearned income	2,778,890	2,744,023
Allowance for loan losses	(33,994)	(33,142)
Total loans, net of unearned income and allowance for loan losses	2,744,896	2,710,881
Office properties and equipment, net	51,538	48,995
Cash surrender value of bank-owned life insurance	50,131	49,557
Goodwill and core deposit intangibles	83,513	83,957
Accrued interest receivable and other assets	74,213	63,560
Total Assets	3,603,193	3,492,626
Deposits:
Noninterest-bearing	835,118	792,951
Interest-bearing	2,233,765	2,179,855
Total Deposits	3,068,883	2,972,806
Subordinated debt, net of issuance cost	54,784	54,675
Long-term Federal Home Loan Bank advances	0	3,024
Accrued interest payable and other liabilities	26,069	27,027
Total Liabilities	3,149,736	3,057,532
Shareholders’ Equity
Preferred stock, $0.01 par value - 10,000,000 shares authorized; none issued	0	0
Common stock, $0.01 par value - 40,000,000 shares authorized; 7,868,139 and 7,831,342 shares issued and outstanding, respectively	79	78
Additional paid-in capital	171,234	168,963
Unallocated common stock held by:
Employee Stock Ownership Plan	(803)	(982)
Retained earnings	302,171	284,834
Accumulated other comprehensive loss	(19,224)	(17,799)
Total Shareholders’ Equity	453,457	435,094
Total Liabilities and Shareholders’ Equity	$ 3,603,193	$ 3,492,626