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 reports community banking developments for Heartland Bank and Trust Company, its bank subsidiary serving consumers, businesses and municipal entities across Illinois and eastern Iowa. News about HBT commonly centers on quarterly operating results, net interest margin, loan and deposit trends, asset quality, wealth management fees, card income and service charges on deposit accounts.
Company updates also cover capital actions such as subordinated debt issuance, governance changes at HBT and Heartland Bank, and completed bank mergers that expand the Heartland Bank franchise in Illinois-area markets. The company's public communications frame HBT as a bank holding company with one reportable community banking segment.
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.
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.