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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., Feb. 17, 2022 – HBT Financial, Inc. (NASDAQ: HBT) announced significant changes to its Board of Directors effective March 1, 2022. Dale S. Strassheim will retire after nearly 30 years of service, and Roger A. Baker will be appointed to the Board. Baker, previously the Chairman and President of NXT Bancorporation, Inc., brings valuable experience in banking and business, focusing on the company's expansion in Iowa. As of December 31, 2021, HBT has total assets of $4.3 billion, total loans of $2.5 billion, and total deposits of $3.7 billion.
HBT Financial reported a net income of $13.6 million ($0.47 per diluted share) for Q4 2021, a slight decrease from $13.7 million in Q3 2021. The adjusted net income was $14.2 million ($0.49 per diluted share). The company completed the NXT Bancorporation acquisition, boosting total loans by 9% organically. A quarterly cash dividend of $0.16 per share was declared, up from $0.15. Net interest income rose to $32.9 million, a 7% increase from Q3. Total deposits grew to $3.74 billion, while nonperforming loans decreased to 0.11% of total loans.
BLOOMINGTON, Ill., Jan. 12, 2022 – HBT Financial, Inc. (NASDAQ: HBT) announced it will release its fourth quarter 2021 financial results on January 27, 2022, before market opening. Investors can access the press release and presentation via the company’s investor relations website. As of September 30, 2021, HBT had total assets of $3.9 billion, total loans of $2.1 billion, and total deposits of $3.4 billion, operating through 61 branches across Central and Northeastern Illinois and Eastern Iowa.
BLOOMINGTON, Ill., Dec. 14, 2021 – HBT Financial announced a new stock repurchase program, effective upon the expiration of its current program on December 31, 2021. The new program allows for the repurchase of up to $15 million of common stock until January 1, 2023. Repurchases may be conducted on the open market or through private transactions, dependent on market conditions. As of September 30, 2021, HBT had total assets of $3.9 billion, total loans of $2.1 billion, and total deposits of $3.4 billion.
HBT Financial reported a net income of $13.7 million or $0.50 per diluted share for Q3 2021, consistent with Q2 2021 and up from $10.6 million in Q3 2020. Adjusted net income was $14.5 million or $0.53 per diluted share, showing a slight increase from Q2 2021. Net interest income rose to $30.7 million, a 3.4% increase from the prior quarter. Total loans were stable at $2.15 billion, while total deposits remained at $3.42 billion. HBT completed the acquisition of NXT Bancorporation on October 1, enhancing its market presence.
HBT Financial, Inc. (NASDAQ: HBT) announced it will release its third quarter 2021 financial results on October 25, 2021, before market opening. An investor presentation will also be available on the company's website. As of June 30, 2021, HBT had total assets of $4.0 billion, with total loans of $2.2 billion and total deposits of $3.4 billion.
BLOOMINGTON, Ill., Oct. 1, 2021 - HBT Financial, Inc. (NASDAQ:HBT) has successfully completed its acquisition of NXT Bancorporation, Inc. This acquisition expands HBT's presence in Eastern Iowa with four new branches. As of June 30, 2021, NXT Bank reported $238 million in assets, $199 million in loans, and $184 million in deposits. HBT aims to enhance its customer services and product offerings, leveraging the strengths of both organizations. Nathan Koch from NXT will assume the role of Iowa Market President upon the merger.
HBT Financial reported net income of $13.7 million, or $0.50 per diluted share, for Q2 2021, down from $15.2 million in Q1 2021. Adjusted net income was $14.2 million, or $0.52 per diluted share. Net interest income rose 2.0% to $29.7 million, while noninterest income fell 18.8% to $8.8 million. Total loans decreased to $2.15 billion, reflecting a decline in PPP loans. The company plans to acquire NXT Bancorporation and expects improved loan demand in the second half of 2021.
BLOOMINGTON, Ill., July 14, 2021 – HBT Financial, Inc. (NASDAQ: HBT) announced the release of its second quarter 2021 financial results, set to be disclosed before market opening on July 26, 2021. Interested investors can access the press release and an investor presentation on the Company's website. As of March 31, 2021, HBT reported total assets of $3.9 billion, total loans of $2.3 billion, and total deposits of $3.4 billion, underscoring its significant presence in Central and Northeastern Illinois through 62 branches.
HBT Financial has signed a definitive agreement to acquire NXT Bancorporation, expanding its operations into Iowa. NXT Bank, with $241 million in assets, serves Eastern Iowa and will merge with Heartland Bank upon deal completion, expected in Q4 2021. Shareholders of NXT will receive around 75% stock and 25% cash for their shares, totaling an approximate value of $42.8 million. The combined entity will have pro forma total assets of $4.1 billion and plans to enhance service offerings and market presence.
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