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.
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.
BLOOMINGTON, Ill., Jan. 12, 2022 – HBT Financial, Inc. (NASDAQ: HBT) announced it will release its fourth quarter 2021 financial results on January 27, 2022, before market opening. Investors can access the press release and presentation via the company’s investor relations website. 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, operating through 61 branches across Central and Northeastern Illinois and Eastern Iowa.
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.