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 prominent financial holding company headquartered in Bloomington, Illinois. Established in 1920, HBT Financial has a rich history and deep-rooted presence in the financial sector. It is the parent company of Heartland Bank and Trust Company, which operates 67 full-service branches across Central and Northeastern Illinois and Eastern Iowa.
The company offers a comprehensive range of financial services, including business and commercial banking, wealth management, and retail banking products. These services cater to individuals, businesses, and municipal entities, ensuring a broad customer base and diversified revenue streams. HBT Financial is committed to delivering high-quality financial solutions that meet the varied needs of its clients.
As of December 31, 2023, HBT Financial reported total assets of $5.1 billion, total loans of $3.4 billion, and total deposits of $4.4 billion. This robust financial standing reflects the company’s stability and growth potential in a competitive market. Notably, HBT Financial has been actively involved in strategic mergers and acquisitions, such as the Town and Country merger, which has further strengthened its market position.
Recent achievements include the announcement of its fourth-quarter 2023 financial results, highlighting the company's consistent performance and commitment to transparency. The results are scheduled to be released on January 24, 2024, along with an investor presentation available on the company's investor relations website. Additionally, HBT Financial has increased its quarterly cash dividend to $0.19 per share, demonstrating its dedication to shareholder value.
HBT Financial’s community banking model prioritizes personalized customer service and local decision-making, ensuring a strong connection with the communities it serves. With a focus on sustainable growth and innovation, HBT Financial continues to expand its product offerings and enhance its technological capabilities to meet the evolving needs of its customers.
HBT Financial (NASDAQ: HBT) has announced a new $15 million stock repurchase program that will commence on January 1, 2025, following the expiration of its current buyback program. The new program will remain in effect until January 1, 2026. Repurchases may be executed through open market transactions, private negotiations, or other compliant methods under Rule 10b-18 of the Securities Act of 1934. The timing and volume of purchases will depend on various factors including price, trading volume, and market conditions. The company maintains discretion over the program's execution and may suspend or discontinue it without notice.
HBT Financial reported net income of $18.2 million, or $0.57 per diluted share, for the third quarter of 2024. Key highlights include:
- Adjusted net income of $19.2 million, or $0.61 per diluted share
- Return on average assets (ROAA) of 1.44%
- Return on average tangible common equity (ROATCE) of 16.25%
- Strong asset quality with nonperforming assets to total assets of 0.17%
- Net interest margin expanded to 3.98% (4.03% on tax-equivalent basis)
- Total loans decreased slightly to $3.37 billion
- Total deposits decreased to $4.28 billion
- Allowance for credit losses was 1.22% of total loans
The company maintained solid financial performance with strong asset quality and improved net interest margin. Capital ratios remained strong, supporting potential future growth or acquisitions.
HBT Financial, the holding company for Heartland Bank and Trust Company, has announced that it will release its third quarter 2024 financial results before the market opens on Monday, October 21, 2024. The company, which trades on NASDAQ under the ticker symbol HBT, will make the press release and an investor presentation available on its investor relations website at https://ir.hbtfinancial.com. This announcement provides shareholders and interested parties with advance notice of when to expect the company's latest financial performance data.
HBT Financial (NASDAQ: HBT) reported strong Q2 2024 results with net income of $18.1 million, or $0.57 per diluted share. The company achieved a return on average assets (ROAA) of 1.45% and a return on average tangible common equity (ROATCE) of 17.21%. Asset quality remained robust with nonperforming assets at 0.17% of total assets. The net interest margin increased slightly to 4.00% (tax-equivalent basis). Loan growth was solid at $39.5 million, or 4.7% annualized. The company's tangible book value per share grew 17.8% year-over-year to $13.64. HBT Financial maintained strong capital ratios, exceeding regulatory requirements, with a total capital to risk-weighted assets ratio of 16.01%.
HBT Financial, the holding company for Heartland Bank and Trust Company, will release its second quarter 2024 financial results on July 22, 2024, before the market opens. The announcement will include a detailed press release and an investor presentation, available on the company's investor relations website.
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