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HBT Financial, Inc. Q4 Profit Increases, Beats Estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

HBT Financial, Inc. (HBT) announced earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $20.272 million, or $0.64 per share. This compares with $18.446 million, or $0.58 per share, last year.

Excluding items, HBT Financial, Inc. reported adjusted earnings of $19.546 million or $0.62 per share for the period.

Analysts on average had expected the company to earn $0.58 per share. Analysts' estimates typically exclude special items.

HBT Financial, Inc. earnings at a glance (GAAP) :

-Earnings: $20.272 Mln. vs. $18.446 Mln. last year.
-EPS: $0.64 vs. $0.58 last year.

For the fourth quarter, the company reported net interest income of $47.401 million, higher than $47.084 million, recorded for the same period last year. Non-interest income moved up to $11.630 million from the prior year’s $9.205 million.

HBT Financial registered total loans of $3.466 billion on December 31, 2024, compared with $3.404 billion as of December 31, 2023. As of December 31, 2024, the company’s total deposits stood at $4.318 billion, lower than $4.401 billion, recorded on December 31, 2023.

On January 21, the Board declared a quarterly cash dividend of $0.21 per share, payable on February 11 to shareholders of record as of February 4. This represents an increase of $0.02 from the previous quarterly dividend of $0.19 per share.

HBT was down by 3.98 percent at $21.49 in the pre-market trade on the Nasdaq.

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