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) 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.
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