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.
BLOOMINGTON, Ill., April 12, 2023 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) announces it will release its first quarter 2023 financial results on April 26, 2023, before market opening. The results will be accessible through the Company's investor relations website. HBT Financial, based in Bloomington, has banking roots dating back to 1920. It operates 68 full-service branches and offers diverse banking services across Illinois and Eastern Iowa. As of December 31, 2022, HBT reported total assets of $4.3 billion, total loans of $2.6 billion, and total deposits of $3.6 billion. The upcoming earnings announcement is anticipated by investors, looking for indications of financial performance and future growth.
BLOOMINGTON, Ill., April 3, 2023 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) announced a leadership transition effective May 24, 2023. Fred L. Drake, current Chairman and CEO, will become Executive Chairman, while J. Lance Carter, currently President and COO, will take over as President and CEO. Drake praised Carter’s experience in bank management and his longstanding relationship with the board. The board expressed gratitude for Drake's leadership and confidence in Carter's ability. HBT Financial, based in Illinois, manages total assets of $4.3 billion and has a network of 66 branches.
BLOOMINGTON, Ill., Feb. 01, 2023 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) announced the successful merger with Town and Country Financial Corporation. As of December 31, 2022, Town and Country Bank reported $923 million in total assets and $762 million in total deposits. This merger extends HBT Financial’s presence into new Illinois markets including Springfield and Quincy. CEO Fred L. Drake expressed enthusiasm about enhancing lending and wealth management services for customers. HBT Financial's total assets are now approximately $4.3 billion, facilitating expanded capabilities and community support.
HBT Financial, Inc. reported a net income of $17.2 million or $0.59 per diluted share for Q4 2022, an increase from $15.6 million in Q3 2022. Adjusted net income rose to $17.9 million or $0.62 per diluted share. ROAA was 1.60%, and ROAE reached 18.50%. The net interest margin expanded to 4.10%, and a quarterly dividend was increased to $0.17 per share. Total loans grew to $2.62 billion, while total deposits decreased to $3.59 billion. HBT anticipates closing its acquisition of Town and Country Financial on February 1, 2023.
BLOOMINGTON, Ill., Jan. 11, 2023 - HBT Financial, Inc. (NASDAQ: HBT) will release its fourth quarter 2022 financial results on January 25, 2023, before market open. The press release and an investor presentation will be available on the Company’s investor relations website. HBT Financial, headquartered in Bloomington, Illinois, is the holding company for Heartland Bank and Trust Company, with a banking history dating back to 1920. As of September 30, 2022, HBT reported total assets of $4.2 billion, total loans of $2.6 billion, and total deposits of $3.6 billion.
BLOOMINGTON, Ill., Dec. 21, 2022 - HBT Financial (NASDAQ: HBT) announced a new stock repurchase program authorized by its Board of Directors, set to commence on January 1, 2023, and will allow the repurchase of up to $15 million of common stock. This follows the expiration of the current repurchase program, with purchases to be made at management's discretion based on various market factors. The program is expected to remain active until January 1, 2024, although the company retains the right to suspend or discontinue it at any time without notice.
BLOOMINGTON, Ill., Nov. 23, 2022 – HBT Financial, Inc. (NASDAQ: HBT) announced leadership changes effective January 1, 2023. Patrick F. Busch will step down as Executive VP and Chief Lending Officer, transitioning to Vice Chairman while remaining on the boards. J. Lance Carter will take on additional responsibilities as President of Heartland Bank, and Lawrence J. Horvath will become Executive VP and Chief Lending Officer. HBT has total assets of $4.2 billion, total loans of $2.6 billion, and total deposits of $3.6 billion as of September 30, 2022.
HBT Financial reported a net income of $15.6 million or $0.54 per diluted share for Q3 2022, up from $14.1 million in Q2 2022. The return on average assets (ROAA) stood at 1.47% and the return on average stockholders' equity (ROAE) was 16.27%. Adjusted net income was $15.9 million, or $0.55 per diluted share. Total deposits decreased to $3.64 billion, while total loans increased to $2.58 billion. The company announced a merger agreement with Town and Country Financial, expected to close in Q1 2023.
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.