Hbt Financial, Inc. Stock Price, News & Analysis

HBT Financial, Inc. (NASDAQ: HBT) announced it will release its third quarter 2022 financial results on October 24, 2022, before market opening. A press release and investor presentation will be available on the Company’s investor relations website. With a history dating back to 1920, HBT operates 61 branches across Central and Northeastern Illinois and Eastern Iowa, boasting total assets of $4.2 billion, total loans of $2.5 billion, and total deposits of $3.7 billion as of June 30, 2022.

HBT Financial will merge with Town and Country Financial, enhancing its footprint in Illinois and increasing total assets to approximately $5.1 billion. Town and Country, a community bank with $875 million in assets, specializes in commercial banking. The merger is expected to deliver a 17% EPS accretion in 2023 and a short tangible book value dilution earnback period of 2 years. Town and Country shareholders can choose cash, stock, or a combination, with an aggregate transaction value of about $101.4 million. The merger is set to close in Q1 2023, pending regulatory approvals.

HBT Financial, Inc. (NASDAQ: HBT) announced that CFO Matthew J. Doherty will step down on December 31, 2022, transitioning to Treasurer as he approaches retirement. Peter Chapman will join as CFO on January 1, 2023, following his tenure at Great Western Bancorp. Chairman Fred L. Drake praised Doherty's contributions during a significant growth phase, including acquisitions and an IPO. HBT reported total assets of $4.2 billion, loans of $2.5 billion, and deposits of $3.7 billion as of June 30, 2022.

HBT Financial reported a net income of $14.1 million ($0.49 per diluted share) for Q2 2022, reflecting growth from both Q1 2022 ($13.6 million) and Q2 2021 ($13.7 million). The company achieved strong returns with ROAA at 1.32% and ROAE at 14.92%. Net interest income rose 7.7% to $34.4 million, driven by higher yields. However, noninterest income fell 14.9% due to decreased mortgage loan sales. HBT remains capitalized under Basel III with a total capital ratio of 16.76%. A stock repurchase program is ongoing, with $11.6 million remaining authorized.

HBT Financial, Inc. (NASDAQ: HBT) announced it will release its second quarter 2022 financial results on July 25, 2022, before market open. The announcement will be accompanied by an investor presentation available on their investor relations website. As of March 31, 2022, HBT reported total assets of $4.3 billion, total loans of $2.5 billion, and total deposits of $3.8 billion.

HBT Financial (HBT) reported a net income of $13.6 million or $0.47 per diluted share for Q1 2022, unchanged from Q4 2021 but down from $15.2 million in Q1 2021. Adjusted net income was $12.2 million, or $0.42 per share, declining from $14.2 million in Q4 2021. Net interest income decreased 2.8% to $31.9 million, primarily due to fewer Paycheck Protection Program (PPP) loan fees. Total deposits rose to $3.82 billion, reflecting growth in demand and savings accounts. Nonperforming loans improved, totaling 0.10% of total loans.

BLOOMINGTON, Ill., April 12, 2022 – HBT Financial, Inc. (NASDAQ: HBT) will release its Q1 2022 financial results before market open on April 25, 2022. Investors can find the press release and investor presentation on the company’s investor relations website. HBT Financial, based in Bloomington, Illinois, provides a wide range of banking services through 61 branches in Central and Northeastern Illinois and Eastern Iowa. As of December 31, 2021, HBT reported total assets of $4.3 billion, total loans of $2.5 billion, and total deposits of $3.7 billion.

BLOOMINGTON, Ill., Feb. 17, 2022 – HBT Financial, Inc. (NASDAQ: HBT) announced significant changes to its Board of Directors effective March 1, 2022. Dale S. Strassheim will retire after nearly 30 years of service, and Roger A. Baker will be appointed to the Board. Baker, previously the Chairman and President of NXT Bancorporation, Inc., brings valuable experience in banking and business, focusing on the company's expansion in Iowa. As of December 31, 2021, HBT has total assets of $4.3 billion, total loans of $2.5 billion, and total deposits of $3.7 billion.

HBT Financial reported a net income of $13.6 million ($0.47 per diluted share) for Q4 2021, a slight decrease from $13.7 million in Q3 2021. The adjusted net income was $14.2 million ($0.49 per diluted share). The company completed the NXT Bancorporation acquisition, boosting total loans by 9% organically. A quarterly cash dividend of $0.16 per share was declared, up from $0.15. Net interest income rose to $32.9 million, a 7% increase from Q3. Total deposits grew to $3.74 billion, while nonperforming loans decreased to 0.11% of total loans.