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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.
BLOOMINGTON, Ill., Dec. 21, 2022 - HBT Financial (NASDAQ: HBT) announced a new stock repurchase program authorized by its Board of Directors, set to commence on January 1, 2023, and will allow the repurchase of up to $15 million of common stock. This follows the expiration of the current repurchase program, with purchases to be made at management's discretion based on various market factors. The program is expected to remain active until January 1, 2024, although the company retains the right to suspend or discontinue it at any time without notice.
BLOOMINGTON, Ill., Nov. 23, 2022 – HBT Financial, Inc. (NASDAQ: HBT) announced leadership changes effective January 1, 2023. Patrick F. Busch will step down as Executive VP and Chief Lending Officer, transitioning to Vice Chairman while remaining on the boards. J. Lance Carter will take on additional responsibilities as President of Heartland Bank, and Lawrence J. Horvath will become Executive VP and Chief Lending Officer. HBT has total assets of $4.2 billion, total loans of $2.6 billion, and total deposits of $3.6 billion as of September 30, 2022.
HBT Financial reported a net income of $15.6 million or $0.54 per diluted share for Q3 2022, up from $14.1 million in Q2 2022. The return on average assets (ROAA) stood at 1.47% and the return on average stockholders' equity (ROAE) was 16.27%. Adjusted net income was $15.9 million, or $0.55 per diluted share. Total deposits decreased to $3.64 billion, while total loans increased to $2.58 billion. The company announced a merger agreement with Town and Country Financial, expected to close in Q1 2023.
HBT Financial, Inc. (NASDAQ: HBT) announced it will release its third quarter 2022 financial results on October 24, 2022, before market opening. A press release and investor presentation will be available on the Company’s investor relations website. With a history dating back to 1920, HBT operates 61 branches across Central and Northeastern Illinois and Eastern Iowa, boasting total assets of $4.2 billion, total loans of $2.5 billion, and total deposits of $3.7 billion as of June 30, 2022.
HBT Financial will merge with Town and Country Financial, enhancing its footprint in Illinois and increasing total assets to approximately $5.1 billion. Town and Country, a community bank with $875 million in assets, specializes in commercial banking. The merger is expected to deliver a 17% EPS accretion in 2023 and a short tangible book value dilution earnback period of 2 years. Town and Country shareholders can choose cash, stock, or a combination, with an aggregate transaction value of about $101.4 million. The merger is set to close in Q1 2023, pending regulatory approvals.
HBT Financial, Inc. (NASDAQ: HBT) announced that CFO Matthew J. Doherty will step down on December 31, 2022, transitioning to Treasurer as he approaches retirement. Peter Chapman will join as CFO on January 1, 2023, following his tenure at Great Western Bancorp. Chairman Fred L. Drake praised Doherty's contributions during a significant growth phase, including acquisitions and an IPO. HBT reported total assets of $4.2 billion, loans of $2.5 billion, and deposits of $3.7 billion as of June 30, 2022.
HBT Financial reported a net income of $14.1 million ($0.49 per diluted share) for Q2 2022, reflecting growth from both Q1 2022 ($13.6 million) and Q2 2021 ($13.7 million). The company achieved strong returns with ROAA at 1.32% and ROAE at 14.92%. Net interest income rose 7.7% to $34.4 million, driven by higher yields. However, noninterest income fell 14.9% due to decreased mortgage loan sales. HBT remains capitalized under Basel III with a total capital ratio of 16.76%. A stock repurchase program is ongoing, with $11.6 million remaining authorized.
HBT Financial, Inc. (NASDAQ: HBT) announced it will release its second quarter 2022 financial results on July 25, 2022, before market open. The announcement will be accompanied by an investor presentation available on their investor relations website. As of March 31, 2022, HBT reported total assets of $4.3 billion, total loans of $2.5 billion, and total deposits of $3.8 billion.
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.
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