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. (HBT) is a leading Midwest community bank providing commercial, retail, and wealth management services across Illinois and Iowa. This dedicated news hub offers investors and stakeholders timely access to official announcements and financial developments.
Track all regulatory filings, earnings reports, and strategic initiatives through our curated collection of press releases. Users will find updates on loan portfolio performance, dividend declarations, leadership changes, and community partnership programs.
The repository prioritizes SEC filings, quarterly earnings details, and merger/acquisition activity alongside service expansion announcements. Bookmark this page for streamlined monitoring of HBT's financial position and market activities within the community banking sector.
BLOOMINGTON, Ill., Dec. 14, 2021 – HBT Financial announced a new stock repurchase program, effective upon the expiration of its current program on December 31, 2021. The new program allows for the repurchase of up to $15 million of common stock until January 1, 2023. Repurchases may be conducted on the open market or through private transactions, dependent on market conditions. As of September 30, 2021, HBT had total assets of $3.9 billion, total loans of $2.1 billion, and total deposits of $3.4 billion.
HBT Financial reported a net income of $13.7 million or $0.50 per diluted share for Q3 2021, consistent with Q2 2021 and up from $10.6 million in Q3 2020. Adjusted net income was $14.5 million or $0.53 per diluted share, showing a slight increase from Q2 2021. Net interest income rose to $30.7 million, a 3.4% increase from the prior quarter. Total loans were stable at $2.15 billion, while total deposits remained at $3.42 billion. HBT completed the acquisition of NXT Bancorporation on October 1, enhancing its market presence.
HBT Financial, Inc. (NASDAQ: HBT) announced it will release its third quarter 2021 financial results on October 25, 2021, before market opening. An investor presentation will also be available on the company's website. As of June 30, 2021, HBT had total assets of $4.0 billion, with total loans of $2.2 billion and total deposits of $3.4 billion.
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.
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