Home Bancorp (HBCP) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was $11.4 million, or $1.45–$1.46 per share, up 6% year-over-year and nearly flat sequentially, with continued growth in profitability and asset base.

• Total assets reached $3.6 billion as of March 31, 2026, with total loans at $2.7 billion and deposits at $3.0 billion.

• Net interest margin expanded to 4.16%, up 10 bps from Q4 and 25 bps year-over-year; ROA increased to 1.30%.

• Opened a new branch in Northwest Houston/Tomball, TX, supporting growth in a high-potential region.

• Maintained strong capital ratios and continued disciplined capital allocation, including dividends and share repurchases.

Financial highlights

• Net interest income reached $34.5 million, up $434,000 from Q4 and $2.8 million year-over-year.

• Deposits reached $3.0 billion, up 1.8% from the prior quarter; core deposits rose 5.4%.

• Non-interest income was $3.7 million, down 7% from Q4 2025 and slightly below expectations.

• Non-interest expense was $22.9 million, down less than 1% from Q4 2025 and in line with expectations.

• Tangible book value per share increased to $46.04, up 15% from Q1 2025; book value per share was $56.73.

Outlook and guidance

• Management anticipates further NIM expansion even without rate cuts, driven by repricing opportunities.

• Non-interest expense projected to rise modestly in Q2 and remain between $23.3 million and $23.7 million for the rest of 2026.

• Expect quarterly non-interest income between $3.8 million and $4 million.

• Management remains focused on proactive credit management and expanding customer relationships.

• Market disruption is seen as an opportunity for expansion and disciplined acquisitions.