Home Bancorp, Inc. reported net income of $9.7 million, or $1.21 per diluted common share, for the fourth quarter of 2024. This represents a 3% increase in net income from the $9.4 million, or $1.18 diluted EPS, reported in the third quarter of 2024.
The company's Net Interest Margin (NIM) continued its upward trend, increasing by 11 basis points to 3.82% for the quarter. Total loans grew by $49.9 million to $2.718 billion, while deposits increased by $3.2 million to $2.781 billion at December 31, 2024.
Nonperforming assets decreased by $2.8 million, or 15%, to $15.6 million, representing 0.45% of total assets. The Board of Directors also declared a quarterly cash dividend of $0.27 per share, payable on February 14, 2025, marking another 4% increase from the prior quarter's dividend.
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