HBT Financial, Inc. - HBT STOCK NEWS

HBT Financial to release Q3 2023 financial results on October 23, 2023

HBT Financial, Inc. (NASDAQ: HBT) reported net income of $18.5 million, or $0.58 diluted earnings per share, for the second quarter of 2023, showing an increase from the first quarter of 2023 and the second quarter of 2022. J. Lance Carter, President and CEO, expressed satisfaction with the financial performance, citing strong returns and a solid net interest margin. The company also reported adjusted net income of $18.8 million, or $0.58 adjusted diluted earnings per share, for the second quarter of 2023. Net interest income increased by 4.3% from the first quarter of 2023, and noninterest income increased by 33.3%. Noninterest expense decreased by 5.5% from the first quarter of 2023. The total loans outstanding and total deposits increased from the previous year, while asset quality remained strong. The company also repurchased shares of its common stock under its stock repurchase program.

HBT Financial, Inc. reported a net income of $9.2 million ($0.30 per diluted share) for Q1 2023, a decline from $13.1 million in Q4 2022 and $13.6 million in Q1 2022. Adjusted net income rose to $19.9 million ($0.64 per diluted share), up from $13.9 million in the previous quarter. The company completed the acquisition of Town and Country Financial Corporation, adding $906 million in assets and $720 million in deposits. Net interest income increased by 11% from Q4 2022 to $46.8 million, predominantly due to higher yields on interest-earning assets. Non-performing assets stood at 0.20% of total assets, illustrating strong asset quality. Noninterest income decreased by 25.9% year-over-year. The company also experienced a 48.7% rise in noninterest expenses, primarily due to acquisition costs.

BLOOMINGTON, Ill., April 12, 2023 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) announces it will release its first quarter 2023 financial results on April 26, 2023, before market opening. The results will be accessible through the Company's investor relations website. HBT Financial, based in Bloomington, has banking roots dating back to 1920. It operates 68 full-service branches and offers diverse banking services across Illinois and Eastern Iowa. As of December 31, 2022, HBT reported total assets of $4.3 billion, total loans of $2.6 billion, and total deposits of $3.6 billion. The upcoming earnings announcement is anticipated by investors, looking for indications of financial performance and future growth.

BLOOMINGTON, Ill., April 3, 2023 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) announced a leadership transition effective May 24, 2023. Fred L. Drake, current Chairman and CEO, will become Executive Chairman, while J. Lance Carter, currently President and COO, will take over as President and CEO. Drake praised Carter’s experience in bank management and his longstanding relationship with the board. The board expressed gratitude for Drake's leadership and confidence in Carter's ability. HBT Financial, based in Illinois, manages total assets of $4.3 billion and has a network of 66 branches.

BLOOMINGTON, Ill., Feb. 01, 2023 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) announced the successful merger with Town and Country Financial Corporation. As of December 31, 2022, Town and Country Bank reported $923 million in total assets and $762 million in total deposits. This merger extends HBT Financial’s presence into new Illinois markets including Springfield and Quincy. CEO Fred L. Drake expressed enthusiasm about enhancing lending and wealth management services for customers. HBT Financial's total assets are now approximately $4.3 billion, facilitating expanded capabilities and community support.

HBT Financial, Inc. reported a net income of $17.2 million or $0.59 per diluted share for Q4 2022, an increase from $15.6 million in Q3 2022. Adjusted net income rose to $17.9 million or $0.62 per diluted share. ROAA was 1.60%, and ROAE reached 18.50%. The net interest margin expanded to 4.10%, and a quarterly dividend was increased to $0.17 per share. Total loans grew to $2.62 billion, while total deposits decreased to $3.59 billion. HBT anticipates closing its acquisition of Town and Country Financial on February 1, 2023.

BLOOMINGTON, Ill., Jan. 11, 2023 - HBT Financial, Inc. (NASDAQ: HBT) will release its fourth quarter 2022 financial results on January 25, 2023, before market open. The press release and an investor presentation will be available on the Company’s investor relations website. HBT Financial, headquartered in Bloomington, Illinois, is the holding company for Heartland Bank and Trust Company, with a banking history dating back to 1920. As of September 30, 2022, HBT reported total assets of $4.2 billion, total loans of $2.6 billion, and total deposits of $3.6 billion.