Cuộc họp báo cáo kết quả kinh doanh Q3 2026 của Home Bancorp (HBCP): Thu nhập lãi thuần đạt kỷ lục, chi phí tín dụng tăng

Điểm tin chính

• Home Bancorp đã báo cáo lợi nhuận ròng quý 3/2026 đạt 10,1 triệu USD, tương đương 1,28 USD trên mỗi cổ phiếu, so với 1,48 USD trên mỗi cổ phiếu trong quý 2. Tỷ suất sinh lời trên tổng tài sản (ROA) đạt 1,12%.
• Thu nhập lãi thuần đạt mức kỷ lục 35,9 triệu USD, tăng 110.000 USD so với quý trước và tăng 5% so với cùng kỳ năm ngoái. Biên thu nhập lãi thuần (NIM) đạt 4,19%, hoặc 4,28% nếu không bao gồm 862.000 USD thoái thu lãi từ các khoản vay chuyển sang trạng thái ngưng dồn tích.
• Chất lượng tín dụng suy yếu khi 6 nhóm khách hàng với tổng dư nợ 19,5 triệu USD chuyển sang trạng thái ngưng dồn tích. Nợ xấu tăng lên 42,2 triệu USD, chiếm 1,52% tổng dư nợ cho vay.
• Dư nợ cho vay giảm 4 triệu USD trong quý do việc tất toán khoản vay gia tăng và tiến độ giải ngân xây dựng chậm lại đã bù trừ cho lượng phát sinh nợ mới ổn định. Ban lãnh đạo báo cáo danh mục khoản vay chờ giải ngân đạt khoảng 440 triệu USD, bao gồm 132 triệu USD các khoản vay đã cam kết.
• Tổng tiền gửi đạt 3,1 tỷ USD, giảm 15,4 triệu USD so với quý 2. Tiền gửi không trả lãi vẫn chiếm 27% tổng tiền gửi, trong khi tổng chi phí tiền gửi là 1,69%.
• CEO John Bordelon dự kiến sẽ nghỉ hưu vào tháng 1 năm 2027. Chủ tịch Darren Guidry sẽ tiếp quản vị trí này, trong khi ông Bordelon vẫn đảm nhiệm vị trí Chủ tịch Hội đồng quản trị.

Dữ liệu tài chính chính

Hiệu quả kinh doanh và hoạt động

Dư nợ cho vay trong quý 3 giảm 4 triệu USD do việc tất toán khoản vay gia tăng và tiến độ giải ngân xây dựng chậm lại đã bù trừ cho lượng phát sinh nợ mới ổn định. Tăng trưởng dư nợ từ đầu năm đến nay đạt khoảng 1,5% tính theo năm, trong đó thị trường Houston dẫn đầu các thị trường của công ty với mức tăng trưởng 6% tính theo năm.

Ban lãnh đạo đánh giá danh mục khoản vay chờ giải ngân là lành mạnh và đa dạng trên nhiều thị trường và loại hình cho vay. Danh mục này chủ yếu bao gồm các khoản tín dụng ngân hàng doanh nghiệp nhỏ tập trung vào cho vay thương mại - công nghiệp và bất động sản thương mại do chủ sở hữu tự sử dụng, cùng với một số khách hàng doanh nghiệp lớn hơn.

Tiền gửi giảm chưa đến 1% so với quý trước nhưng tăng trưởng với tốc độ khoảng 4% tính theo năm từ đầu năm đến nay. Tỷ lệ dư nợ cho vay trên tổng tiền gửi đạt 91%, nằm trong phạm vi mục tiêu của ban lãnh đạo. Số dư thị trường tiền tệ tăng 14,3 triệu USD và chứng chỉ tiền gửi tăng 13 triệu USD, bù đắp một phần cho mức giảm 28,3 triệu USD của tiền gửi cốt lõi.

Lợi suất danh mục đầu tư tăng 19 điểm cơ bản lên 2,87% nhờ dòng tiền được tái đầu tư với lãi suất cao hơn. Home Bancorp dự kiến sẽ có 69 triệu USD dòng tiền từ đầu tư trong 12 tháng tới, trong khi 46% danh mục đầu tư dự kiến sẽ tạo ra dòng tiền trong vòng 3 năm.

Định hướng của Ban lãnh đạo

Ban lãnh đạo dự báo thu nhập ngoài lãi hàng quý sẽ duy trì trong khoảng từ 4,0 triệu USD đến 4,2 triệu USD.

Không bao gồm chi phí tài sản xử lý nợ, chi phí ngoài lãi dự kiến sẽ dao động từ 24,2 triệu USD đến 24,6 triệu USD trong vài quý tới. Bắt đầu từ quý 2/2027, ban lãnh đạo kỳ vọng mức tăng chi phí hàng năm điển hình khoảng 4% đến 5%, chủ yếu do tăng lương theo hiệu suất công việc và các khoản đầu tư khác.

Chi phí tài sản xử lý nợ dự kiến sẽ giảm so với mức cao của quý 3, mặc dù ban lãnh đạo cho biết chi phí này có khả năng vẫn ở mức cao hơn so với trung bình lịch sử trong quá trình giải quyết các tài sản có vấn đề.

Ban lãnh đạo dự kiến các khoản trả nợ và tất toán nợ có vấn đề sẽ bù trừ một phần lượng dư nợ mới phát sinh, làm hạ nhiệt đà tăng trưởng dư nợ cho vay ròng trong ngắn hạn. Hầu hết trong số khoảng 440 triệu USD khoản vay chờ giải ngân dự kiến sẽ hoàn tất vào cuối năm 2026 đến giữa quý 1/2027, tùy thuộc vào các điều kiện thẩm định và giải ngân.

Home Bancorp tin rằng bảng cân đối kế toán của mình có vị thế phù hợp với môi trường lãi suất tăng. Ban lãnh đạo cho biết biên thu nhập lãi thuần có thể tăng nhẹ hoặc duy trì ổn định sau 1 hoặc 2 đợt tăng lãi suất nữa, tùy thuộc vào sự cạnh tranh huy động tiền gửi và định giá khoản vay.

Rủi ro và các yếu tố cần theo dõi

Tín dụng là điểm áp lực chính trong quý 3. 6 nhóm khách hàng với tổng dư nợ 19,5 triệu USD đã chuyển sang trạng thái ngưng dồn tích, trong khi nợ dưới tiêu chuẩn tăng 14 triệu USD lên 82,9 triệu USD. Ban lãnh đạo cho biết các vấn đề này phân bổ rộng khắp các thị trường và phân khúc cho vay chứ không tập trung vào một khu vực địa lý hay ngành nghề cụ thể nào.

Chi phí tài sản xử lý nợ tăng 1,7 triệu USD so với quý trước lên 2,0 triệu USD, chủ yếu do cập nhật định giá và giảm giá niêm yết. Tài sản xử lý nợ giảm 1,2 triệu USD xuống 11,6 triệu USD sau các đợt bán bất động sản và trích giảm giá trị.

Ban lãnh đạo dự kiến tỷ lệ xóa nợ ròng (đạt 7 điểm cơ bản quy năm từ đầu năm đến nay) sẽ tiếp tục ở mức tương đối cao trong vài quý tới khi các khoản tín dụng gặp rắc rối được xử lý. Lãi suất cao hơn cũng có thể gây thêm áp lực lên một số bên vay.

Cạnh tranh tiền gửi vẫn là một yếu tố cần lưu tâm, đặc biệt là ở Texas. Ban lãnh đạo cũng lưu ý cuộc cạnh tranh gay gắt về định giá khoản vay trên toàn thị trường, điều này có thể ảnh hưởng đến khả năng tái định giá các khoản tín dụng mới và hiện hữu ở mức biên lợi nhuận phù hợp.

Nội dung nổi bật trong phiên Hỏi & Đáp với chuyên gia phân tích

Ban lãnh đạo cho biết một vài nhóm trong số 6 nhóm khách hàng mới chuyển sang trạng thái ngưng dồn tích đã được trích lập dự phòng cụ thể và hiện tại không dự báo sẽ có thêm tổn thất đáng kể. Các khoản tín dụng này bao gồm bất động sản thương mại do chủ sở hữu tự sử dụng, cho vay thương mại - công nghiệp, bất động sản thương mại hỗn hợp, và dư nợ cho vay xây dựng và phát triển.

Công ty vẫn lạc quan rằng tổng tài sản có vấn đề đang ở gần đỉnh, mặc dù ban lãnh đạo chưa đưa ra khẳng định chắc chắn và cho biết họ vẫn duy trì cảnh báo cao độ khi lãi suất cao hơn tác động đến người vay.

Home Bancorp đã thu hồi khoảng 5 triệu USD tiền trả nợ từ các khoản tín dụng có vấn đề kể từ cuộc thảo luận quý trước. Ban lãnh đạo dự kiến sẽ thu hồi thêm 5 triệu USD nữa vào cuối năm và khoảng 5 triệu USD nữa vào đầu quý 1/2027.

Ban lãnh đạo cho biết dư nợ đối với mảng cho thuê ngắn hạn tại New Orleans vẫn đáng kể nhưng hiện chưa cho thấy vấn đề tín dụng rõ ràng nào.

Về các vụ thâu tóm, CEO tân nhiệm Darren Guidry cho biết Home Bancorp sẵn sàng theo đuổi các cơ hội phù hợp về mặt địa lý và văn hóa, bao gồm các giao dịch bổ sung nhân tài hoặc kết nối các thị trường hiện tại của ngân hàng tại Louisiana, Texas và Mississippi.

Toàn văn Biên bản Cuộc họp Báo cáo Kết quả Kinh doanh

Toàn văn cuộc gọi công bố kết quả kinh doanh

Phần trình bày của ban lãnh đạo

Operator

Good morning, ladies and gentlemen. Welcome to Home Bancorp's Third Quarter 2026 Earnings Call. [Operator Instructions]

At this time, I would like to turn the call over to Home Bancorp's Chairman and CEO, John Bordelon; President, Darren Guidry; and Chief Financial Officer, David Kirkley. Mr. Kirkley, please go ahead.

David Kirkley

Thank you. Good morning, and welcome to Home Banc's Third Quarter 2026 Earnings Call. Our earnings release and investor presentation are available on our website. I'd ask that everyone please refer to the disclaimer regarding forward-looking statements in the investor presentation and our SEC filings.

Now I'll hand it over to John to make a few comments about the third quarter. John?

John Bordelon

Thanks, David. Good morning, and thank you for joining our earnings call today. We appreciate your interest in Home BancBanc as we discuss our results, expectations for the future and our approach to creating long-term shareholder value.

Before we discuss the quarter, I want to share some personal news, and I've informed our Board of Directors yesterday of my decision to retire as Chief Executive Officer in January of 2027. And the Board has named Darren Guidry, our President, as my successor. I will remain part of Home Banc's leadership as Chairman of the Board, and I look forward to working closely with Darren and the rest of our leadership team in that role.

This is a planned and deliberate transition when we named Darren President in July, we said we were putting in place a leadership structure to sustain our next phase of growth, and this is the next step in that plan. Dan has more than 40 years of banking experience more than 3 decades here at Home Banc, he knows our customers, our markets, our credit culture as well as everyone in the company. Our executive team has worked closely together for many years, and our shareholders, customers and employees do not expect any significant change in how we oculus.

Leading Home Banc has been a privilege of my career. Over my 45 years with the bank, including 33 years as CEO, I have watched Home BancBanc growth [ Malapiat-based ] savings institution into one of the leading community banks in the Gulf South. Since our IPO in 2008, we have completed 6 acquisitions, expanded into Greater New Orleans, Baton Rouge, Mississippi and Houston and growing total assets at a compound annual rate of more than 11% to $3.6 billion with 43 locations.

What I'm most proud of, however, is not the size of the balance sheet, but the quality of the franchise we have built. We have a core deposit base that is among the most valuable in our region. With a high level of noninterest-bearing deposits and the cost of deposits that's 1 of the lowest in our peer group. We have a relationship-based lending culture, a strong capital position and a long record of consistent profitability. Most importantly, we have a team of bankers who are committed to taking care of our customers and our communities. I am confident that Home Banc's best days are ahead of it and that the company is in very good hands.

With that, I'll turn it over to President and soon-to-be CEO, Darren Guidry to discuss our third quarter results. Darren?

Darren Guidry

Thank you, John. Before turning to our results, I want to say a few words about John. No one has had a greater impact on Home Banc. Under John's leadership, that has successfully navigated hurricane, the S&L crisis, the financial crisis a pandemic and multiple interest rate cycles. Through all of it, he kept us focused on disciplined underwriting, the strength of our core deposit franchise and building long-term value for our shareholders. And on a personal level, John has been a mentor and a friend to me for more than 30 years.

I'm honored by the confidence that John and the Board have placed in me and in our team. I'm very happy that John will continue to help lead Home BancBanc as Chairman of the Board. In experience and perspective will continue to be a tremendous asset to this company. And look forward to working with John, the Board and our team as we build on the foundation he established and lead Home BancBanc into its next chapter.

Now turning to our third quarter results. Yesterday afternoon, we reported third quarter net income of $10.1 million or $1.28 per share compared to $1.48 per share in the second quarter. Return on assets was 1.12% for the quarter. Our results were impacted by higher credit-related costs, including elevated foreclosed asset expense and the reversal of interest on loans moved to nonaccrual status.

The quarter did demonstrate the resilience of our core earnings, net interest income reached a record high for Home Banc, our cost of deposits remains 1 of the lowest in our peer group. Loans decreased $4 million in the third quarter. Production was steady, but payoffs were elevated and construction fundings slowed during the quarter. Year-to-date, loans have grown at an annualized rate of approximately 1.5%, with our Houston market continuing to lead the way at 6% agilized.

Looking ahead, our pipeline is healthy. Both our proved commitments and the volume of loans and underwriting are running above normal levels. We expect a good portion of those commitments to close by the end of the year. The pipeline is well diversified across our markets and loan types and consist primarily of smaller business banking credits with a heavy focus on C&I and owner-occupied commercial real estate along with a few larger commercial relationships.

However, as we work through our problem loans, we expect paydowns and payoffs from those workouts to offset a portion of the new production, which will likely temper net loan growth in the near term. We will continue to focus on growing relationships that produce appropriate risk-adjusted returns. Deposits were down slightly in the third quarter Year-to-date, deposits have grown at an annualized rate of approximately 4% and our loan-to-deposit ratio of 91% remains in our target range.

Credit was the primary challenge this quarter, and we moved properly to recognize and address emerging credit issues. 6 loan relationships totaling $19.5 million were placed on nonaccrual status during the quarter, which drove the increase in nonperforming assets. These reflect individual borrowing situations rather than stress in any one industry or market. And based on our current assessment, we believe these credits are appropriately reserved, and we are working closely with each borrower to resolve.

We also recorded elevated foreclosed asset expense in the third quarter primarily due to write-downs on properties and other real estate owned, resulting from updated appraisals and list price reductions. We are making progress on resolving these properties with several currently under contract.

Going forward, we expect foreclosed asset expense to be lower than what we saw in the third quarter, although likely above historical levels as we continue to work through our problem assets.

We are also seeing some encouraging signs across the rest of our watch list. Several substandard credits are positioned for upgrades or paydowns, and we expect to see some of those resolutions in the fourth quarter with others extending into early 2027. While we may see a few additional downgrades through year ahead, we do not currently expect any significant size. Past due loans are limited to credits we've already identified and are actively monitoring. We have work out strategies in place for all substandard and nonaccrual loans.

Net charge-offs which was 7 basis points annualized year-to-date being somewhat elevated over the next couple of quarters as we resolve these credits. But our approach remains the same: identify problems early, worked in the resolution and limit our loss exposure. At the same time, while higher interest rates benefit our net interest income, they could place pressure on certain borrowers over time. We are monitoring these exposures closely as rates move. Importantly, the fundamentals of Home Banc remained very strong with robust capital, a solid reserve position, ample liquidity and a balance sheet that is well positioned for a rising rate environment.

With that, I'll turn it over to David, our Chief Financial Officer. David?

David Kirkley

Thanks, Darren. Please feel free to refer to the investor presentation we have provided, as I discuss the company's third quarter financial performance. Net interest income was a record $35.9 million in the third quarter an increase of $110,000 from the second quarter and $1.8 million or 5% from a year ago. NIM was 4.19% in the third quarter, down 5 basis points from the second quarter. Loan yields declined 6 basis points to 6.4% as interest reversals of $862,000 on loans moved to nonaccrual status reduced loan yield by 12 basis points. Excluding the interest reversals, NIM would have been 4.28%, up 4 basis points from the second quarter. The yield on our investment portfolio increased 19 basis points to 2.87% and as we continue to reinvest cash flows at higher rates.

On the funding side, our cost of interest-bearing liabilities increased 4 basis points to 2.42%. And Slide 14 details the repricing and maturity profile of our loan and investment portfolio. Approximately 27% of our loan portfolio is floating rate and reprices within 3 months and 46% of the portfolio is variable rate. Our investment portfolio with a weighted average rate of 2.8% and as $69 million of cash flows expected over the next 12 months and 46% of the portfolio over the next 3 years that we can reinvest at current market yields. We believe our balance sheet remains well positioned for a rising rate environment.

As shown on Slides 18 and 19, total deposits were $3.1 billion at quarter end, down $15.4 million or less than 1% from the second quarter. Core deposits decreased $28.3 million, primarily in new accounts, which was offset by an increase of $14.3 million in money market accounts and $13 million in CDs. Noninterest-bearing deposits continue to represent 27% of total deposits. Our total cost of deposits was 1.69% for the quarter, and average cost of interest-bearing deposits increased 5 basis points to 2.33%, reflecting the higher interest rate environment and competitive pricing in our markets. We expect continued competition for deposits, but we'll remain well disciplined in our pricing.

Slides 15 and 16 provide additional detail on credit quality. Nonperforming loans increased during the quarter from $26.4 million or $42.2 million or from 95 basis points to 1.52% of total loans, primarily due to the 6 relationships Darren mentioned. Foreclosed assets declined $1.2 million to $11.6 million, reflecting property sales and write-downs. Total nonperforming assets were $53.7 million or 1.49% of total assets. Substandard loans increased $14 million to $82.9 million while special mention loans declined $4.7 million to $22.2 million. We provisioned $1 million in the third quarter compared to $72,000 in the second quarter, primarily reflecting higher specific reserves. Net charge-offs were $586,000 for the quarter. The allowance for loan losses stands at $34.4 million or 1.24% of total loans, and we are comfortable with our reserve levels given the composition and risk profile of the portfolio.

Slide 22 provides detail on noninterest income and expenses. Noninterest income totaled $4.2 million in the third quarter, up $282,000 from the second quarter, driven by higher service fees and other income. We expect quarterly noninterest income to remain stable in the range of $4 million to $4.2 million. Noninterest expense totaled $26.3 million in the third quarter, an increase of $1.8 million from the second quarter.

As you can see on Slide 22, excluding foreclosed asset expense, noninterest expense was essentially flat compared to the second quarter. The third quarter increase was primarily driven by a $1.7 million increase in foreclosed asset expense, which totaled $2 million for the quarter. The write-downs are spread across several properties, and our foreclosed asset portfolio remains granular with no single property carried at more than $2.2 million. Excluding foreclosed asset costs, we expect noninterest expense to be in the range of $24.2 million to $24.6 million over the next couple of quarters. Beginning in the second quarter of 2027, we expect noninterest expense to reflect the typical annual increase of approximately 4% to 5%, primarily driven due to annual merit increases and other investments.

As 23 and 24 summarize our capital position and the progress of our capital management strategy. Tangible book value per share was $46.97 per share essentially unchanged from the second quarter as earnings were offset by a $9.1 million increase in unrecognized losses in our investment portfolio due to higher interest rates. Tangible book value per share is up more than 8% from a year ago. Capital ratios remained strong with a tangible common equity ratio of 10.5%, a Tier 1 leverage ratio of 12.3% and a total risk-based capital ratio of 16.1%. Since 2019, we have grown tangible book value per share at a compounded annual rate of more than 8%, repurchased approximately 17% of our shares outstanding and consistently increased our dividend.

And with that, operator, please open the line for Q&A.

Operator

[Operator Instructions] Your first question comes from Stephen Scouten from Piper Sandler.

Phần hỏi đáp

Stephen Scouten

Yes. Thanks, guys. Appreciate the time. And congrats, John, on a storied career. It's shocking to see you go. It kind of felt like you'd be around forever. So it'd be different -- well, he'll still be Chairman, I know, but it will be different, but exciting times, I'm sure, for the bank, too.

So I guess my first question would just be these 6 loans that you guys know the problem loans, and forgive me if I missed this, but -- have you given any context on kind of geography of these loans, maybe what loan types these are and kind of any specific reserves that are related to them that gives you confidence around potential loss rates?

Unknown Executive

Yes. I'll -- the geography is -- it's not consistent in any 1 of our markets. It's throughout this is on in almost every 1 of our markets. So no concentration of issues and loan types, the CRE multiuse facility owner-occupied CRE, C&I credit, construction development. So there's no concentration that we can see. We've been looking for a time, and at this point, we can't see anything.

Stephen Scouten

Okay. And any specific reserves related to those loans currently? Or again, what gives confidence kind of in the -- I think the commentary with that no sizable incremental losses are expected?

Unknown Executive

Yes. A couple of them already have specific reserves tied to them. Beyond that, we don't expect any significant losses.

Stephen Scouten

Okay. And then 1 reminder. I know you guys used to play a little bit in the kind of short-term rental property space. Is there still any meaningful exposure there? And if so, how is that book holding up?

Unknown Executive

Yes. We still have a significant amount of credit in short-term rentals. It is concentrated in the New Orleans market. No credit issues. They are apparent as of now. So we're fairly pleased and optimistic that we'll have to continue. So no concern with that exposure.

Stephen Scouten

Great. Great. Okay. And then maybe just thinking about the margin. What would be a good starting point to think about for for fourth quarter. I think my math, I was getting maybe a 9 or 10 basis point impact to the NIM from the interest reversal. Just kind of wondering how you think about that heading into fourth quarter. And then maybe the confidence in the balance sheet being well positioned for upside on higher rates?

Unknown Executive

Yes. it impacted, I believe, 9 basis points, the interest reversal and outside of surprises like that in the future. We continue to see good repricing opportunities from our loan portfolio and our investment portfolio. You can see the yield rising on the investment securities portfolio quarter-over-quarter as our reinvestment yields were north of 5% with of yield of 2.5% to 3%. You have a loan portfolio that every rate hike, you get 6 basis points of additional loan yield from our loans that repriced automatically, which offsets our money market increases. And as we continue to see CDs reprice upwards I think that will be offset or more than offset by investment in loan yield -- loan cash flow repricing. So I think starting point for this quarter, '27, for '28 as your starting point going forward.

Stephen Scouten

Great. Makes sense. Okay. Great. Darren, congrats and look forward to working with you moving forward.

Operator

Your next question comes from Feddie Strickland from Hovde Group.

Feddie Strickland

Congratulations to John and well deserved retirement and to Darren as well. Just wanted to ask on the deposit line here. I mean, can you talk about a little bit what you've seen so far just in terms of rate and level of competition? I mean it seems like the funding costs held in pretty well this quarter. But I know the rate hike came in pretty late. So just curious what you've seen so far.

Unknown Executive

From a competitive pricing standpoint, it's starting to get more divergence in duration of CDs that are being offered. You're seeing some competitors get more aggressive. You're seeing some of the brokerage firms get even more aggressive than that, pricing more off of, I guess, treasury curves. I would say, by and large, the banking CD pricing or CD rates is generally in the the 4 to 40 range. And so that's what we're seeing. I think we've had success at maintaining our CD portfolio so far after the rate hike, our top stated rate, I believe, is around 4.1%. And that works for the majority of our customers and provide we can adjust accordingly pretty quickly going forward as well as need be.

Feddie Strickland

Got it. And are you seeing any more competition in 1 market versus the other? I mean I assume Texas is probably more competitive in Louisiana, but you never know.

Unknown Executive

Yes. Texas is always a little bit more competitive. There's just a larger number of banks with varying balance sheet strategies over there. So there are some banks that are more aggressive. But you are seeing some of the the big global institutions that are offering some nice pricing with the marketing that goes along with it.

Feddie Strickland

Got it. And just switching gears for a second to the margin. Just want to make sure I understood correctly. Obviously, you'll have the interest accrual fees backed out -- but as we get through '27 here, if we get another -- let's say, we get another hike in December, another 1 early in the first quarter. I mean, you guys should be in a pretty good position for the margin to continue to march higher under those conditions, assuming deposit competition doesn't go off in something crazy. Is that fair?

Unknown Executive

Yes. I think one aspect of it is the deposit pricing. And 2 is how loan pricing plays out over this period. We've seen, I would say, more aggressive loan pricing that is questionable as opposed to CD pricing, which is kind of in line with alternative funding. So it's the ability to be able to reprice the loan portfolio at a proper margin and see how competitors price their loans going forward as there's lots of reinvestment opportunities and new business is getting harder and harder to come by with rates increasing. But overall, our balance sheet is well positioned to some rising rate environment and continue a slight upward march in NIM or at least stability after a quarter or 2 more hikes.

Operator

Your next question comes from Joe Yanchunis from Raymond James.

Joseph Yanchunis

John, for starters, I want to echo a lot of the comments that earlier, congrats with the retirement. We'll certainly miss hearing you on these earnings calls and seeing you throughout the year.

John Bordelon

Yes. The problem with it is I got to keep these guys in line and I don't get paid anymore.

Joseph Yanchunis

All right. So I wanted to kind of start on credit here. On the last call, you outlined a road map for about $30 million of problem asset resolutions by year-end. And then your prepared remarks like you expect some some credits to resolve before in the fourth quarter. Are you optimistic that we're at peak NPAs right now?

Unknown Executive

Yes. We'd love to say definitively, yes, Joe. We're optimistic. We're looking at the past due report, and it appears we've identified all of our issues -- we continue to get updated financial information to be able to recognize issues. But we're optimistic that we've gotten close to the peak if we're not there already. I would just add to that, Joe, that obviously, beds moves are going to, I think, impact lending throughout the country. A lot of people have elevated NPAs at this particular point and in Fed tightened again in fourth quarter and first quarter, that's going to just exacerbate those issues. So I don't think to the degree that we saw this order for sure, but we're kind of on high alert just making sure that we pay attention to a lot of our customers.

Joseph Yanchunis

I appreciate that was helpful. And to kind of touch on that in this follow-up here. So in your prepared remarks, you talked about paydowns remaining elevated. It's likely to remain a headwind in the coming quarters -- can you quantify the paydowns you experienced in the September quarter and give an update on the loan pipeline relative to where it's sit at the end of June? I guess I'm also just trying to see how our borrowers looking at projects now in this current environment.

Unknown Executive

Well, we have received about $5 million in pay downs already, Joe, since we mentioned it last quarter, we also anticipate very realistically another $5 million by the end of the year and early in the first quarter, another $5 million. In addition, we we have lots of plans out there and hopeful that we continue to get pay downs or potentially upgrades for some of our clients going forward. Joe, the pipeline is robust. It's about $440 million of loans in the pipeline with about $132 million of that, that's committed most of -- the $400 million will close by the end of the year at mid-first quarter. So a healthy pipeline, possibly offset by some success in problem resolution.

Joseph Yanchunis

Okay. That was great. And then last 1 for me here. I know you've looked and passed on a lot of deals over the years. But Darren, I'm curious, what's your view on bank M&A?

Darren Guidry

We are well positioned to take advantage of any acquisition that would be available. We're hopeful that it happens. We look to continue to grow our franchise, both within our markets. And connecting the dots between the markets we're not in. So we're hopeful to continue to do what we do throughout the South Louisiana, our Texas market as well as Mississippi and Nora. So where it makes sense, geographically, culturally and acquisition of talent we are well positioned to take advantage.

Joseph Yanchunis

All right. Well, appreciate taking my questions, and John and Darren again, congrats on the milestones.

Operator

[Operator Instructions] There are no further questions at this time. I'll turn the call back over to John Bordelon.

John Bordelon

Thank you. Once again, thank you all for joining us today. I also want to thank our shareholders, analysts who cover us and many of the investors I have had the opportunity to get to know over the years we support of Home Bancorp. We look forward to speaking to many of you in the next coming hours or days. Thank you very much for participating today. Have a great day.

Operator

Ladies and gentlemen, this concludes today's conference call. Thank you for participating. You may now disconnect.