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.
HBT Financial, Inc. (HBT) is a leading Midwest community bank providing commercial, retail, and wealth management services across Illinois and Iowa. This dedicated news hub offers investors and stakeholders timely access to official announcements and financial developments.
Track all regulatory filings, earnings reports, and strategic initiatives through our curated collection of press releases. Users will find updates on loan portfolio performance, dividend declarations, leadership changes, and community partnership programs.
The repository prioritizes SEC filings, quarterly earnings details, and merger/acquisition activity alongside service expansion announcements. Bookmark this page for streamlined monitoring of HBT's financial position and market activities within the community banking sector.
HBT Financial, Inc. reported a net income of $9.2 million ($0.30 per diluted share) for Q1 2023, a decline from $13.1 million in Q4 2022 and $13.6 million in Q1 2022. Adjusted net income rose to $19.9 million ($0.64 per diluted share), up from $13.9 million in the previous quarter. The company completed the acquisition of Town and Country Financial Corporation, adding $906 million in assets and $720 million in deposits. Net interest income increased by 11% from Q4 2022 to $46.8 million, predominantly due to higher yields on interest-earning assets. Non-performing assets stood at 0.20% of total assets, illustrating strong asset quality. Noninterest income decreased by 25.9% year-over-year. The company also experienced a 48.7% rise in noninterest expenses, primarily due to acquisition costs.
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