Hbt Financial, Inc. Stock Price, News & Analysis

BLOOMINGTON, Ill., Oct. 1, 2021 - HBT Financial, Inc. (NASDAQ:HBT) has successfully completed its acquisition of NXT Bancorporation, Inc. This acquisition expands HBT's presence in Eastern Iowa with four new branches. As of June 30, 2021, NXT Bank reported $238 million in assets, $199 million in loans, and $184 million in deposits. HBT aims to enhance its customer services and product offerings, leveraging the strengths of both organizations. Nathan Koch from NXT will assume the role of Iowa Market President upon the merger.

HBT Financial reported net income of $13.7 million, or $0.50 per diluted share, for Q2 2021, down from $15.2 million in Q1 2021. Adjusted net income was $14.2 million, or $0.52 per diluted share. Net interest income rose 2.0% to $29.7 million, while noninterest income fell 18.8% to $8.8 million. Total loans decreased to $2.15 billion, reflecting a decline in PPP loans. The company plans to acquire NXT Bancorporation and expects improved loan demand in the second half of 2021.

BLOOMINGTON, Ill., July 14, 2021 – HBT Financial, Inc. (NASDAQ: HBT) announced the release of its second quarter 2021 financial results, set to be disclosed before market opening on July 26, 2021. Interested investors can access the press release and an investor presentation on the Company's website. As of March 31, 2021, HBT reported total assets of $3.9 billion, total loans of $2.3 billion, and total deposits of $3.4 billion, underscoring its significant presence in Central and Northeastern Illinois through 62 branches.

HBT Financial has signed a definitive agreement to acquire NXT Bancorporation, expanding its operations into Iowa. NXT Bank, with $241 million in assets, serves Eastern Iowa and will merge with Heartland Bank upon deal completion, expected in Q4 2021. Shareholders of NXT will receive around 75% stock and 25% cash for their shares, totaling an approximate value of $42.8 million. The combined entity will have pro forma total assets of $4.1 billion and plans to enhance service offerings and market presence.

HBT Financial reported a strong first quarter of 2021, with net income of $15.2 million or $0.55 per diluted share, a significant increase from $12.6 million in Q4 2020 and $6.2 million in Q1 2020. Key metrics included a return on average assets (ROAA) of 1.64% and a return on average tangible common equity (ROATCE) of 18.33%. Adjusted net income was $14.0 million, reflecting strong asset quality and expense management, although net interest income decreased by 5.0% year-over-year. The company is optimistic about loan demand recovery.

HBT Financial, Inc. (NASDAQ: HBT) plans to release its first quarter 2021 financial results on April 26, 2021, prior to market opening. Investors can access the press release and presentation on their investor relations website. As of December 31, 2020, HBT reported total assets of $3.7 billion, total loans of $2.2 billion, and total deposits of $3.1 billion. The company, based in Bloomington, Illinois, has been operational since 1920, offering a range of banking services across Central and Northeastern Illinois.

HBT Financial reported a net income of $12.6 million or $0.46 per diluted share for Q4 2020, marking a rise from $10.6 million in Q3 2020 but down from $16.1 million in Q4 2019. Adjusted net income was $12.4 million, or $0.45 per share. Net interest income increased by 1.0% from Q3 2020, while noninterest income rose 10.3%. Total loans decreased to $2.25 billion, while total deposits grew to $3.13 billion. The asset quality improved with nonperforming loans at 0.44% of total loans.

HBT Financial, Inc. (NASDAQ: HBT) has announced it will release its fourth quarter 2020 financial results on January 28, 2021, before market opening. The financial results and an investor presentation will be available on its investor relations website. As of September 30, 2020, HBT had total assets of $3.5 billion, total loans of $2.3 billion, and total deposits of $3.0 billion, highlighting the company's robust presence in Central and Northeastern Illinois.

HBT Financial has announced a stock repurchase program allowing for the buyback of up to $15 million of its common stock. This initiative reflects the company's strategy to enhance shareholder value through opportunistic repurchases on the open market or in private transactions. The program, effective until December 31, 2021, depends on various factors including market conditions and trading volume. As of September 30, 2020, HBT Financial reported $3.5 billion in total assets.