Home Bancorp Stock Earnings Reports

Home Bancorp reported Q1 2026 net income of $11.4 million ($1.45 EPS), a 6% YoY EPS increase and a 1.3% ROA. Net interest margin expanded to 4.16% (up 10 bps QoQ, 25 bps YoY) driven by a 22 bps decline in cost of funds and lower deposit costs. Net interest income reached a record $34.5 million. Loans declined 1% as paydowns outpaced production, though the loan pipeline improved (~$30 million increase to $122 million) and new loan yields are roughly 7% (with ~40 bps positive spread versus paydowns). Total deposits grew $54 million (core deposits +$118 million; CDs down $64 million) with noninterest-bearing deposits representing 27% of total; loan-to-deposit ratio fell to ~90%. Management repaid all expensive FHLB advances (vs. $175M at 12/31/24) and sees further NIM expansion potential from repricing opportunities in loans and securities. Credit metrics: nonperforming loans rose modestly to $35.8 million (1.31% of loans) due to downgrades of three relationships and a $2.6M foreclosure; net charge-offs remain very low (6 bps annualized). Allowance for loan losses is $33.1 million (1.23% of loans) and management believes potential losses on recent downgrades will be immaterial. Expenses are expected to modestly increase as raises and tech investments ramp, with quarterly noninterest expense guidance of roughly $23.3M–$23.7M. Capital metrics remain strong: tangible book value per share $46.04 (up ~15% YoY), continued dividend growth and past share repurchases (~17% of shares since 2019). Management highlighted franchise strength and Texas expansion (loans in Texas ~21% of portfolio after 2022 acquisition and a new Northwest Houston branch). They reiterated disciplined underwriting, cautious credit management, and openness to larger M&A given valuation improvement.