Hbt Financial, Inc. Stock Price, News & Analysis

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.

HBT Financial reported a net income of $10.6 million, or $0.38 per diluted share for Q3 2020, reflecting an increase from $7.4 million in Q2 2020. Adjusted net income was $10.8 million, or $0.39 per diluted share. The bank maintained a return on average assets (ROAA) of 1.20% and a return on average equity (ROAE) of 11.83%. Nonperforming loans decreased from last year, while loan modifications also fell significantly. The bank successfully issued $40 million in subordinated notes, enhancing its capital position.

HBT Financial, Inc. (NASDAQ: HBT) will release its third quarter 2020 financial results on October 26, 2020, before market opening. This announcement is part of its commitment to transparency with stakeholders. The financial report and investor presentation will be accessible on the company’s investor relations website. As of June 30, 2020, HBT reported total assets of $3.5 billion, total loans of $2.3 billion, and total deposits of $3.0 billion, showcasing its significant presence in Central and Northeastern Illinois.

HBT Financial, Inc. has announced the sale of $40 million in subordinated notes due 2030. The fixed-to-floating rate notes carry an initial interest rate of 4.50% for five years, transitioning to a rate based on the three-month SOFR plus 437 basis points thereafter. The proceeds will be used for general corporate purposes and the notes are intended to qualify as Tier 2 capital. Piper Sandler & Co. is the placement agent for this transaction. HBT Financial provides a range of banking services through 63 branches in Illinois, with total assets of $3.5 billion as of June 2020.

HBT Financial reported net income of $7.4 million, or $0.27 per diluted share for Q2 2020, reflecting a 19.4% increase from Q1 2020 but a 49.7% decrease from Q2 2019. Adjusted net income was $8.2 million, with diluted EPS of $0.30. Despite low interest rates affecting net interest income (down 5.7%), noninterest income surged 53.5% due to strong mortgage refinancing activity. Total deposits increased to $3.02 billion. HBT maintains solid capital ratios and asset quality, with 0.61% nonperforming loans, improving from prior periods.

HBT Financial, Inc. (NASDAQ: HBT) will release its second quarter 2020 financial results on July 27, 2020, prior to market opening. The announcement will be accompanied by an investor presentation available on its investor relations website. HBT Financial, headquartered in Bloomington, Illinois, serves Central and Northeastern Illinois through its 63 branches. As of March 31, 2020, the company reported total assets of $3.2 billion, total loans of $2.1 billion, and total deposits of $2.7 billion.