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Hbt Financial, Inc. - HBT STOCK NEWS

Welcome to our dedicated page for Hbt Financial news (Ticker: HBT), a resource for investors and traders seeking the latest updates and insights on Hbt Financial stock.

Overview

HBT Financial, Inc. is a well-established community banking institution offering a comprehensive suite of financial products and services. Specializing in community, commercial, retail, and wealth management banking, HBT Financial provides tailored financial solutions that address the diverse needs of individuals, businesses, and municipal entities across Central and Northeastern Illinois and Eastern Iowa. With a robust network of full-service branches, the company has embedded itself in the local communities, building long-term relationships and a deep understanding of regional financial dynamics.

Business Model and Core Operations

The company operates through a single reportable segment: community banking. This streamlined focus enables HBT Financial to dedicate its resources and expertise to delivering personalized financial services that include deposit products, lending solutions, and comprehensive wealth management. By leveraging a community-centric approach, the institution provides accessible, relationship-based banking that adapts to the evolving economic needs of its clients. The bank’s revenue is primarily generated from interest income on loans and fee-based services, ensuring a balanced emphasis on sustainable growth and local economic development.

Products and Services

HBT Financial’s offerings encompass a wide variety of financial products designed to serve multiple segments:

  • Retail Banking: Products geared towards individual consumers including checking and savings accounts, personal loans, and other standard banking services.
  • Commercial Banking: Tailored lending and financing solutions for small to medium-sized enterprises, providing capital for growth and operational efficiency.
  • Wealth Management: Comprehensive asset management and financial planning services that help clients secure and maximize their financial wellbeing.
  • Municipal Banking: Dedicated services for municipal entities that require specialized banking solutions to manage public finances and infrastructure projects.

Market Position and Competitive Landscape

HBT Financial, Inc. holds a significant place in its regional market by focusing on community relationships and localized expertise. Unlike larger national banks, its business model is rooted in the unique economic conditions and needs of its local clients. This regional focus allows the bank to remain agile, providing customized solutions that larger institutions often cannot match. The competitive edge is further reinforced by a history steeped in local trust and sustained financial acumen, which positions HBT Financial as a credible institution in the community banking segment.

Operational Excellence and Risk Management

The company emphasizes operational excellence through a strategic approach to risk management and a commitment to regulatory compliance. It employs rigorous credit risk assessment methodologies to maintain asset quality and manage potential exposures associated with various lending activities. These efforts are supported by well-established internal controls and a seasoned management team dedicated to protecting depositor interests while ensuring the institution’s long-term stability. This focus on strong governance underscores the company’s commitment to earning and sustaining the trust of its clientele.

Customer Base and Community Engagement

At the heart of HBT Financial’s strategy is its dedication to the communities it serves. The bank’s customer base is diverse, ranging from individual account holders and small business owners to local government entities. This diversified portfolio reflects the institution’s adaptive approach to the financial needs of its clients, ensuring tailored solutions that balance personal service with professional expertise. Community engagement is a core element of its operational strategy, fostering long-standing relationships that enhance customer loyalty and local economic vitality.

Historical Legacy and Institutional Expertise

Tracing its roots back to the early 20th century, HBT Financial’s legacy is characterized by a rich history of adapting to evolving market conditions while maintaining a focus on community values. The institution’s longstanding presence in the region has allowed it to accumulate a vast reservoir of experience and specialized knowledge in community banking. This legacy not only underpins its current operational strengths but also reinforces its status as a trusted financial partner within the communities it serves.

Conclusion

In summary, HBT Financial, Inc. stands as a prominent exemplar of community banking excellence. Its integrated suite of services, ranging from retail banking to sophisticated wealth management solutions, is delivered with a clear understanding of the local economic environment. The company’s focus on operational efficiency, rigorous risk management, and community engagement provides a well-rounded perspective on its role within the financial services industry. As an institution deeply rooted in regional banking tradition, HBT Financial remains a model of consistent performance and localized expertise in an ever-evolving financial landscape.

Rhea-AI Summary

HBT Financial reported strong Q4 2024 results with net income of $20.3 million, or $0.64 per diluted share, up from $18.2 million in Q3 2024. The company demonstrated solid performance with adjusted net income of $19.5 million and a resilient net interest margin of 4.01%. Asset quality remained exceptional with nonperforming assets at 0.16% of total assets.

The Board approved a 10.5% increase in quarterly cash dividend to $0.21 per share. Total loans increased to $3.47 billion, while deposits reached $4.32 billion. The company maintained strong capital ratios with total capital to risk-weighted assets at 16.51%. Net interest income was $47.4 million, slightly down from Q3 but up 0.7% year-over-year.

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HBT Financial (NASDAQ: HBT), the holding company for Heartland Bank and Trust Company, has scheduled the release of its fourth quarter 2024 financial results for Wednesday, January 22, 2025, before market opening. The company will make both the earnings press release and an investor presentation available on their investor relations website at https://ir.hbtfinancial.com.

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HBT Financial (NASDAQ: HBT) has announced a new $15 million stock repurchase program that will commence on January 1, 2025, following the expiration of its current buyback program. The new program will remain in effect until January 1, 2026. Repurchases may be executed through open market transactions, private negotiations, or other compliant methods under Rule 10b-18 of the Securities Act of 1934. The timing and volume of purchases will depend on various factors including price, trading volume, and market conditions. The company maintains discretion over the program's execution and may suspend or discontinue it without notice.

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HBT Financial reported net income of $18.2 million, or $0.57 per diluted share, for the third quarter of 2024. Key highlights include:

- Adjusted net income of $19.2 million, or $0.61 per diluted share
- Return on average assets (ROAA) of 1.44%
- Return on average tangible common equity (ROATCE) of 16.25%
- Strong asset quality with nonperforming assets to total assets of 0.17%
- Net interest margin expanded to 3.98% (4.03% on tax-equivalent basis)
- Total loans decreased slightly to $3.37 billion
- Total deposits decreased to $4.28 billion
- Allowance for credit losses was 1.22% of total loans

The company maintained solid financial performance with strong asset quality and improved net interest margin. Capital ratios remained strong, supporting potential future growth or acquisitions.

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HBT Financial, the holding company for Heartland Bank and Trust Company, has announced that it will release its third quarter 2024 financial results before the market opens on Monday, October 21, 2024. The company, which trades on NASDAQ under the ticker symbol HBT, will make the press release and an investor presentation available on its investor relations website at https://ir.hbtfinancial.com. This announcement provides shareholders and interested parties with advance notice of when to expect the company's latest financial performance data.

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HBT Financial (NASDAQ: HBT) reported strong Q2 2024 results with net income of $18.1 million, or $0.57 per diluted share. The company achieved a return on average assets (ROAA) of 1.45% and a return on average tangible common equity (ROATCE) of 17.21%. Asset quality remained robust with nonperforming assets at 0.17% of total assets. The net interest margin increased slightly to 4.00% (tax-equivalent basis). Loan growth was solid at $39.5 million, or 4.7% annualized. The company's tangible book value per share grew 17.8% year-over-year to $13.64. HBT Financial maintained strong capital ratios, exceeding regulatory requirements, with a total capital to risk-weighted assets ratio of 16.01%.

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HBT Financial, the holding company for Heartland Bank and Trust Company, will release its second quarter 2024 financial results on July 22, 2024, before the market opens. The announcement will include a detailed press release and an investor presentation, available on the company's investor relations website.

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HBT Financial, Inc. reported strong first quarter 2024 financial results with net income of $15.3 million, adjusted net income of $18.1 million, and solid returns on assets and equity. Asset quality remained strong, with stable net interest margins. Noninterest income decreased, while noninterest expenses increased slightly. Loan portfolio and deposits showed minor fluctuations. The company saw an increase in nonperforming loans but recorded net recoveries. Capital ratios improved, with tangible book value per share increasing.
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HBT Financial, Inc. (NASDAQ: HBT) will release its first quarter 2024 financial results on April 22, 2024. The press release and investor presentation will be accessible on the investor relations website.
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HBT Financial, Inc. (NASDAQ: HBT) reported net income of $18.4 million for Q4 2023, with an adjusted net income of $19.3 million. The company increased its quarterly cash dividend to $0.19 per share, representing an 11.8% increase from the previous dividend. Net interest income decreased by 2.5% from the previous quarter, while noninterest income decreased by 3.0%. Loan portfolio and deposits increased, and asset quality remained strong.
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FAQ

What is the current stock price of Hbt Financial (HBT)?

The current stock price of Hbt Financial (HBT) is $22.32 as of April 1, 2025.

What is the market cap of Hbt Financial (HBT)?

The market cap of Hbt Financial (HBT) is approximately 705.4M.

What core services does HBT Financial, Inc. offer?

HBT Financial provides a wide range of services including retail banking, commercial loans, and wealth management solutions. These offerings are designed to meet the financial needs of individuals, small businesses, and municipal entities.

How does HBT Financial generate its revenue?

The company primarily generates revenue through interest income on loans and fees from a variety of banking services. Its focused community banking model ensures a balanced mix of income through personalized financial solutions.

What sets HBT Financial apart from larger national banks?

HBT Financial distinguishes itself through a strong local presence and deep community ties. Its emphasis on personalized service and understanding of regional market conditions allows it to offer tailored solutions that larger institutions may not provide.

Which geographical areas does HBT Financial primarily serve?

The bank is focused on Central and Northeastern Illinois and Eastern Iowa. This regional focus allows HBT Financial to specialize in the unique economic conditions and financial needs of these communities.

How does the company approach risk management?

HBT Financial employs rigorous risk management practices including thorough credit risk assessments and robust internal controls. This approach ensures sound asset quality and helps to safeguard depositor interests.

What is the significance of community banking in HBT Financial's business model?

Community banking is central to HBT Financial's operations, enabling it to deliver personalized service and build strong local relationships. This focus helps the bank to tailor its financial products to the specific needs of its customer base.

How does HBT Financial support municipal entities?

The bank offers specialized financial products and consulting services targeted at municipal entities. These services help local governments manage public finances, fund infrastructure projects, and achieve fiscal stability.

What historical factors contribute to the bank's current reputation?

With roots extending back to the early 20th century, HBT Financial has developed a longstanding reputation built on local trust and consistent performance. Its deep historical ties provide a foundation of expertise and reliability in community banking.
Hbt Financial, Inc.

Nasdaq:HBT

HBT Rankings

HBT Stock Data

705.35M
12.41M
60.31%
23.91%
0.23%
Banks - Regional
State Commercial Banks
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United States
BLOOMINGTON