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.
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.
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.