Home Bancorp, Inc. reported net income of $11.0 million, or $1.37 per diluted common share, for the first quarter of 2025. This marks a $1.3 million increase from the $9.7 million, or $1.21 diluted EPS, reported in the fourth quarter of 2024.
The company's Net Interest Margin (NIM) continued to expand, increasing by 9 basis points to 3.91% for the quarter, primarily due to a decline in funding costs. Loans grew by $29.1 million to $2.747 billion, and deposits increased by $46.5 million to $2.827 billion at March 31, 2025.
The Board of Directors approved a new share repurchase plan, authorizing the purchase of up to 400,000 shares, approximately 5% of outstanding common stock. This plan will commence upon the completion of the existing 2023 Repurchase Plan, under which 138,315 shares remained eligible as of March 31, 2025. The company also declared a quarterly cash dividend of $0.27 per share.
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