<p>Home Bancorp ((HBCP)) 举行了第一季度的财报电话会议。请继续阅读会议的主要亮点。</p>
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<li>发现表现优异的股票投资理念，并升级到市场领先者的投资组合，使用智能投资者精选</li>
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<p>Home Bancorp 最近的财报电话会议传达了谨慎乐观的语气，管理层强调了创纪录的净利息收入、扩大的利润率和强劲的核心存款增长，尽管贷款余额有所下降，信用指标显示出一些压力。高管们将本季度描述为一个有纪律的融资和资本管理超过了适度的信用和费用收入阻力的季度。</p>
<h2>创纪录的净利息收入创下新高</h2>
<p>Home Bancorp 在 2026 年第一季度的净利息收入为 3450 万美元，创下该银行历史上最高的季度水平，比上个季度增加了 43.4 万美元。与去年同期相比，净利息收入增加了 280 万美元，突显出资产负债表重组和融资成本措施对收入表的积极影响。</p>
<h2>盈利和每股收益趋势显示出持久增长</h2>
<p>净收入达到 1140 万美元，转化为稀释后每股收益 1.45 美元，同比增长 6%，比第四季度仅下降 0.01 美元。在过去两年中，稀释后每股收益增长超过 25%，表明尽管利率环境波动和存款竞争加剧，银行的盈利能力稳步提升。</p>
<h2>净利息利润率因更好的定位而扩大</h2>
<p>净利息利润率扩大至 4.16%，环比上升 10 个基点，同比上升 25 个基点。管理层将这一改善归因于融资成本降低和资产负债表的有利定位，表明之前的战略举措现在正在转化为更高的收益资产收益率。</p>
<h2>融资成本降低，存款定价缓解</h2>
<p>利息-bearing 存款的平均成本下降 22 个基点至 2.29%，而整体存款成本下降 16 个基点至 1.68%。高管们强调，这一水平不到当前联邦基金目标的一半，并指出利息-bearing 负债的成本比 2024 年第三季度的峰值下降了 64 个基点。</p>
<h2>核心存款增长增强融资组合</h2>
<p>本季度总存款增加 5400 万美元，年化增速约为 7%，得益于更健康的核心融资。核心和非到期存款增加 1.18 亿美元，非核心定期存款减少 6400 万美元，非利息-bearing 余额环比增加 3700 万美元，占总存款的 27%，使贷款与存款比率降至约 90%。</p>
<h2>资本积累和股东回报保持稳健</h2>
<p>每股有形账面价值上升至 46.04 美元，比去年同期增长约 15%，反映了盈利留存和证券估值改善。自 2019 年以来，调整后的有形账面价值年均增长约 9.7%，每股收益年均增长超过 11%，而季度股息增长超过 50%，银行已回购约 17% 的股份。</p>
<h2>资产负债表变动提升流动性和收益率</h2>
<p>管理层已全额偿还高成本的 FHLB 贷款，从 2024 年年末的 1.75 亿美元大幅减少，改善了流动性和融资成本。在资产方面，新投资购买的收益率在第一季度超过 4%，而预计未来一年的滚动收益率为 2.43%，为积极的再投资动态奠定了基础。</p>
<h2>地理扩张推动德克萨斯州增长</h2>
<p>德克萨斯州继续成为关键的增长引擎，州内贷款占总投资组合的约 21%，高于 2022 年收购时的 15%。为了支持这一势头，Home Bancorp 在本季度开设了新的西北休斯顿分行，目标是一个快速增长、人口结构吸引的市场。</p>
<h2>在利率不确定性中贷款余额下降</h2>
<p>第一季度总贷款下降 1%，因还款和偿还超过了新发放的贷款，反映出客户的谨慎而非机会的缺乏。管理层表示，由于对利率走势的不确定性，许多借款人推迟了项目和交易，这减缓了近期的贷款增长。</p>
<h2>不良资产因降级而上升</h2>
<p>不良资产在本季度增加了 380 万美元，主要是由于三项信用关系降级为问题状态。不良贷款增加 160 万美元，达到 3580 万美元，占总贷款的 1.31%，突显出在其他可控投资组合中存在一些信用压力。</p>
<h2>准备金和拨备因风险上升而增加</h2>
<p>贷款损失准备金从上个季度的 48 万美元上升至 92.2 万美元，因为银行增强了对新出现的信用压力的储备。贷款损失拨备增加至 3310 万美元，占贷款的 1.23%，为管理层在处理高不良和分类资产时提供了更多缓冲。</p>
<h2>信用解决时间延长</h2>
<p>高管们承认，资产处置所需的时间比预期的要长，一些特殊资产在解决之前滞留多年。这些延长的时间表导致分类资产的积累和不良风险的缓慢减少，尽管管理层仍然将整体信用视为可控。</p>
<h2>非利息收入疲软但趋于稳定</h2>
<p>非利息收入下降 26 万美元至 370 万美元，略低于内部预期，主要由于其他收入疲软和银行卡费用降低。管理层表示，展望未来，他们预计季度非利息收入将在大约 380 万美元至 400 万美元的范围内稳定。</p>
<h2>存款竞争引发定期存款定价压力</h2>
<p>尽管该银行成功地减少了 6400 万美元的非核心存单，占该客户群体的约 70%，但在某些市场的竞争加剧。作为回应，Home 合众银行适度将一些顶级存单利率从约 3.65% 上调至 3.85%，这表明局部但可控的定价压力。</p>
<h2>指引：利润率顺风，适度费用上升在前</h2>
<p>管理层预计到 2026 年，净利差将继续扩大，这得益于新贷款的更高收益、投资再投资利差的有利变化，以及由强劲的核心存款支持的持续改善的融资成本。他们重申每季度非利息收入预计在 380 万至 400 万美元之间，并预测季度费用将适度上升至约 2330 万至 2370 万美元，因为薪资增长和技术投资加速，而信贷成本预计将保持在可控范围内。</p>
<p>Home 合众银行的电话会议描绘了一个在融资和利润率优势上发力的银行，同时应对更为严峻的信贷和贷款增长环境。对于投资者而言，故事的关键在于管理层能否在竞争压力持续和信贷正常化的背景下维持净利差扩张和存款势头，但本季度的表现表明风险平衡仍然有利。</p>

Home合众银行

<p>Home 合众银行（HBCP）召开了第一季度财报电话会议，强调创纪录的净利息收入为 3450 万美元，净收入同比增长 6% 至 1140 万美元，净利息差扩大至 4.16%。尽管由于客户在利率不确定性下的谨慎，贷款余额下降了 1%，但核心存款增长了 5400 万美元。该银行每股有形账面价值上升至 46.04 美元，自 2019 年以来已回购约 17% 的股份。不良资产增加，导致贷款损失准备金上升至 922,000 美元</p>

<p>Home Bancorp ((HBCP)) has held its Q1 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>Home Bancorp ((HBCP)) 举行了第一季度的财报电话会议。请继续阅读会议的主要亮点。</p>
</div><h3>Claim 30% Off TipRanks</h3>
<div class="lb-trans"><h3>在 TipRanks 上享受 30% 的折扣</h3>
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<div class="lb-trans"><ul>
<li>解锁对冲基金级别的数据和强大的投资工具，以做出更聪明、更精准的决策</li>
<li>发现表现优异的股票投资理念，并升级到市场领先者的投资组合，使用智能投资者精选</li>
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</div><p>Home Bancorp’s latest earnings call struck a cautiously optimistic tone as management highlighted record net interest income, expanding margins, and robust core deposit growth, even as loan balances slipped and credit metrics showed some strain. Executives framed the quarter as one where disciplined funding and capital management more than offset modest credit and fee income headwinds.</p>
<div class="lb-trans"><p>Home Bancorp 最近的财报电话会议传达了谨慎乐观的语气，管理层强调了创纪录的净利息收入、扩大的利润率和强劲的核心存款增长，尽管贷款余额有所下降，信用指标显示出一些压力。高管们将本季度描述为一个有纪律的融资和资本管理超过了适度的信用和费用收入阻力的季度。</p>
</div><h2>Record Net Interest Income Sets New High-Water Mark</h2>
<div class="lb-trans"><h2>创纪录的净利息收入创下新高</h2>
</div><p>Home Bancorp posted net interest income of $34.5 million in Q1 2026, the highest quarterly level in the bank’s history and up $434,000 from the prior quarter. Compared with the same period last year, NII rose $2.8 million, underscoring how balance sheet repositioning and funding-cost actions are feeding through to the income statement.</p>
<div class="lb-trans"><p>Home Bancorp 在 2026 年第一季度的净利息收入为 3450 万美元，创下该银行历史上最高的季度水平，比上个季度增加了 43.4 万美元。与去年同期相比，净利息收入增加了 280 万美元，突显出资产负债表重组和融资成本措施对收入表的积极影响。</p>
</div><h2>Earnings, EPS Trend Shows Durable Growth</h2>
<div class="lb-trans"><h2>盈利和每股收益趋势显示出持久增长</h2>
</div><p>Net income reached $11.4 million, translating to diluted EPS of $1.45, up 6% year over year and down just $0.01 from Q4. Over the past two years, diluted EPS has climbed more than 25%, signaling that the bank’s earnings power has steadily improved despite a volatile rate environment and rising competition for deposits.</p>
<div class="lb-trans"><p>净收入达到 1140 万美元，转化为稀释后每股收益 1.45 美元，同比增长 6%，比第四季度仅下降 0.01 美元。在过去两年中，稀释后每股收益增长超过 25%，表明尽管利率环境波动和存款竞争加剧，银行的盈利能力稳步提升。</p>
</div><h2>Net Interest Margin Expands on Better Positioning</h2>
<div class="lb-trans"><h2>净利息利润率因更好的定位而扩大</h2>
</div><p>Net interest margin expanded to 4.16%, up 10 basis points sequentially and 25 basis points from a year ago. Management credited the improvement to a combination of lower funding costs and favorable balance sheet positioning, suggesting that prior strategic moves are now translating into higher earning-asset yields.</p>
<div class="lb-trans"><p>净利息利润率扩大至 4.16%，环比上升 10 个基点，同比上升 25 个基点。管理层将这一改善归因于融资成本降低和资产负债表的有利定位，表明之前的战略举措现在正在转化为更高的收益资产收益率。</p>
</div><h2>Funding Costs Move Lower as Deposit Pricing Eases</h2>
<div class="lb-trans"><h2>融资成本降低，存款定价缓解</h2>
</div><p>The average cost of interest-bearing deposits fell 22 basis points to 2.29%, while the overall cost of deposits dropped 16 basis points to 1.68%. Executives emphasized that this level is less than half the current Fed funds target and noted that the cost of interest-bearing liabilities is down 64 basis points from its peak in the third quarter of 2024.</p>
<div class="lb-trans"><p>利息-bearing 存款的平均成本下降 22 个基点至 2.29%，而整体存款成本下降 16 个基点至 1.68%。高管们强调，这一水平不到当前联邦基金目标的一半，并指出利息-bearing 负债的成本比 2024 年第三季度的峰值下降了 64 个基点。</p>
</div><h2>Core Deposit Growth Strengthens Funding Mix</h2>
<div class="lb-trans"><h2>核心存款增长增强融资组合</h2>
</div><p>Total deposits increased $54 million in the quarter, a roughly 7% annualized pace, driven by healthier core funding. Core and non-maturity deposits rose $118 million, noncore CDs fell $64 million, and noninterest-bearing balances increased $37 million sequentially to represent 27% of total deposits, pushing the loan-to-deposit ratio down to about 90%.</p>
<div class="lb-trans"><p>本季度总存款增加 5400 万美元，年化增速约为 7%，得益于更健康的核心融资。核心和非到期存款增加 1.18 亿美元，非核心定期存款减少 6400 万美元，非利息-bearing 余额环比增加 3700 万美元，占总存款的 27%，使贷款与存款比率降至约 90%。</p>
</div><h2>Capital Build and Shareholder Returns Remain Solid</h2>
<div class="lb-trans"><h2>资本积累和股东回报保持稳健</h2>
</div><p>Tangible book value per share climbed to $46.04, up about 15% from a year earlier, reflecting both earnings retention and improved securities valuations. Since 2019, adjusted tangible book has grown roughly 9.7% annually, EPS more than 11% annually, while the quarterly dividend is up over 50% and the bank has repurchased about 17% of its shares.</p>
<div class="lb-trans"><p>每股有形账面价值上升至 46.04 美元，比去年同期增长约 15%，反映了盈利留存和证券估值改善。自 2019 年以来，调整后的有形账面价值年均增长约 9.7%，每股收益年均增长超过 11%，而季度股息增长超过 50%，银行已回购约 17% 的股份。</p>
</div><h2>Balance Sheet Moves Boost Liquidity and Yield</h2>
<div class="lb-trans"><h2>资产负债表变动提升流动性和收益率</h2>
</div><p>Management has fully repaid its high-cost FHLB advances, a significant reduction from $175 million at year-end 2024 that improves both liquidity and funding costs. On the asset side, new investment purchases carried yields above 4% in Q1, compared with an expected roll-off yield of 2.43% over the next year, setting up a positive reinvestment dynamic.</p>
<div class="lb-trans"><p>管理层已全额偿还高成本的 FHLB 贷款，从 2024 年年末的 1.75 亿美元大幅减少，改善了流动性和融资成本。在资产方面，新投资购买的收益率在第一季度超过 4%，而预计未来一年的滚动收益率为 2.43%，为积极的再投资动态奠定了基础。</p>
</div><h2>Geographic Expansion Drives Texas Growth</h2>
<div class="lb-trans"><h2>地理扩张推动德克萨斯州增长</h2>
</div><p>Texas continues to emerge as a key growth engine, with loans in the state rising to about 21% of the total portfolio, up from 15% at the time of the 2022 acquisition. To support this momentum, Home Bancorp opened a new Northwest Houston branch during the quarter, targeting a fast-growing, demographically attractive market.</p>
<div class="lb-trans"><p>德克萨斯州继续成为关键的增长引擎，州内贷款占总投资组合的约 21%，高于 2022 年收购时的 15%。为了支持这一势头，Home Bancorp 在本季度开设了新的西北休斯顿分行，目标是一个快速增长、人口结构吸引的市场。</p>
</div><h2>Loan Balances Slip Amid Rate Uncertainty</h2>
<div class="lb-trans"><h2>在利率不确定性中贷款余额下降</h2>
</div><p>Total loans declined 1% in Q1 as paydowns and payoffs outpaced new originations, reflecting customer caution rather than a lack of opportunity. Management said many borrowers are delaying projects and transactions due to uncertainty around interest rate trajectories, which has slowed near-term loan growth.</p>
<div class="lb-trans"><p>第一季度总贷款下降 1%，因还款和偿还超过了新发放的贷款，反映出客户的谨慎而非机会的缺乏。管理层表示，由于对利率走势的不确定性，许多借款人推迟了项目和交易，这减缓了近期的贷款增长。</p>
</div><h2>Nonperforming Assets Tick Higher on Downgrades</h2>
<div class="lb-trans"><h2>不良资产因降级而上升</h2>
</div><p>Nonperforming assets increased by $3.8 million during the quarter, driven by downgrades of three credit relationships that moved into problem status. Nonperforming loans rose $1.6 million to $35.8 million, representing 1.31% of total loans, highlighting some pockets of credit stress in an otherwise manageable portfolio.</p>
<div class="lb-trans"><p>不良资产在本季度增加了 380 万美元，主要是由于三项信用关系降级为问题状态。不良贷款增加 160 万美元，达到 3580 万美元，占总贷款的 1.31%，突显出在其他可控投资组合中存在一些信用压力。</p>
</div><h2>Provision and Allowance Edge Up with Risk</h2>
<div class="lb-trans"><h2>准备金和拨备因风险上升而增加</h2>
</div><p>Provision for loan losses rose to $922,000 from $480,000 in the prior quarter as the bank bolstered reserves against emerging credit pressures. The allowance for loan losses increased to $33.1 million, or 1.23% of loans, giving management more cushion as it works through elevated nonperforming and classified assets.</p>
<div class="lb-trans"><p>贷款损失准备金从上个季度的 48 万美元上升至 92.2 万美元，因为银行增强了对新出现的信用压力的储备。贷款损失拨备增加至 3310 万美元，占贷款的 1.23%，为管理层在处理高不良和分类资产时提供了更多缓冲。</p>
</div><h2>Credit Resolution Timelines Stretch Out</h2>
<div class="lb-trans"><h2>信用解决时间延长</h2>
</div><p>Executives acknowledged that workouts are taking longer than desired, with some special assets lingering for multiple years before resolution. These extended timelines have contributed to an accumulation in classified assets and a slower runoff of nonperforming exposures, though management still characterizes overall credit as manageable.</p>
<div class="lb-trans"><p>高管们承认，资产处置所需的时间比预期的要长，一些特殊资产在解决之前滞留多年。这些延长的时间表导致分类资产的积累和不良风险的缓慢减少，尽管管理层仍然将整体信用视为可控。</p>
</div><h2>Noninterest Income Soft but Stabilizing</h2>
<div class="lb-trans"><h2>非利息收入疲软但趋于稳定</h2>
</div><p>Noninterest income slipped by $260,000 to $3.7 million, coming in slightly below internal expectations due largely to weaker other income and lower bank card fees. Management indicated that, looking forward, they expect quarterly noninterest income to stabilize in a range of roughly $3.8 million to $4.0 million.</p>
<div class="lb-trans"><p>非利息收入下降 26 万美元至 370 万美元，略低于内部预期，主要由于其他收入疲软和银行卡费用降低。管理层表示，展望未来，他们预计季度非利息收入将在大约 380 万美元至 400 万美元的范围内稳定。</p>
</div><h2>Deposit Competition Sparks CD Pricing Pressure</h2>
<div class="lb-trans"><h2>存款竞争引发定期存款定价压力</h2>
</div><p>While the bank successfully ran off $64 million of noncore CDs, representing about 70% of that customer base, competition has intensified in select markets. In response to rivals offering CDs at 4.0% to 4.25%, Home Bancorp modestly raised some top CD rates from around 3.65% to 3.85%, signaling localized but manageable pricing pressure.</p>
<div class="lb-trans"><p>尽管该银行成功地减少了 6400 万美元的非核心存单，占该客户群体的约 70%，但在某些市场的竞争加剧。作为回应，Home 合众银行适度将一些顶级存单利率从约 3.65% 上调至 3.85%，这表明局部但可控的定价压力。</p>
</div><h2>Guidance: Margin Tailwinds, Modest Expense Creep Ahead</h2>
<div class="lb-trans"><h2>指引：利润率顺风，适度费用上升在前</h2>
</div><p>Management guided to continued net interest margin expansion through 2026, driven by higher yields on new loans, favorable investment reinvestment spreads, and still-improving funding costs supported by strong core deposits. They reiterated expectations for noninterest income around $3.8–$4.0 million per quarter and forecast a modest rise in quarterly expenses to about $23.3–$23.7 million as salary increases and technology investments ramp, while credit costs are expected to remain contained.</p>
<div class="lb-trans"><p>管理层预计到 2026 年，净利差将继续扩大，这得益于新贷款的更高收益、投资再投资利差的有利变化，以及由强劲的核心存款支持的持续改善的融资成本。他们重申每季度非利息收入预计在 380 万至 400 万美元之间，并预测季度费用将适度上升至约 2330 万至 2370 万美元，因为薪资增长和技术投资加速，而信贷成本预计将保持在可控范围内。</p>
</div><p>Home Bancorp’s call painted the picture of a bank leaning into its funding and margin strengths while navigating a tougher credit and loan-growth backdrop. For investors, the story hinges on whether management can sustain NIM expansion and deposit momentum as competitive pressures persist and credit normalization plays out, but the quarter suggests the balance of risks remains favorable.</p>
<div class="lb-trans"><p>Home 合众银行的电话会议描绘了一个在融资和利润率优势上发力的银行，同时应对更为严峻的信贷和贷款增长环境。对于投资者而言，故事的关键在于管理层能否在竞争压力持续和信贷正常化的背景下维持净利差扩张和存款势头，但本季度的表现表明风险平衡仍然有利。</p>
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Home 合众银行的收益电话会议突出了利润率的增长势头