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. (NASDAQ: HBT) is a Bloomington, Illinois-based bank holding company for Heartland Bank and Trust Company with banking roots that the company traces back to 1920. This news page aggregates company announcements, earnings releases, and other updates that HBT Financial distributes through GlobeNewswire and SEC-related disclosures.
Readers can use this feed to follow HBT Financial’s quarterly and annual financial results, where the company reports net income, net interest income, net interest margin, noninterest income and expense, asset quality metrics, and capital ratios under Basel III. These releases also discuss trends in loans, deposits, nonperforming assets, and allowance for credit losses, along with explanations of non-GAAP measures such as adjusted net income and tangible book value per share.
The news stream also includes corporate actions and capital management updates, such as declarations of quarterly cash dividends, authorization and use of stock repurchase programs, and information about redemptions of subordinated notes. In addition, HBT Financial publishes notices about upcoming earnings announcements, indicating when detailed financial results and investor presentations will be made available.
Another important category of news involves strategic transactions. For example, HBT Financial and CNB Bank Shares, Inc. jointly announced a definitive agreement for CNB Bank Shares, Inc. to merge with and into HBT in a combined stock and cash transaction, subject to shareholder and regulatory approvals and other customary conditions. Updates related to such transactions, including investor presentations and joint press releases, are part of the company’s news flow.
Investors and other interested readers can review this page regularly to see how HBT Financial describes its performance, capital position, community banking footprint in Illinois and eastern Iowa, and its use of mergers and other corporate actions as disclosed in its public communications.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.