Hbt Financial, Inc. ( (HBT) ) has released its Q4 earnings. Here is a breakdown of the information Hbt Financial, Inc. presented to its investors.
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HBT Financial, Inc., headquartered in Bloomington, Illinois, is the holding company for Heartland Bank and Trust Company, offering a range of financial products and services across Illinois and eastern Iowa through 66 branches. In its fourth-quarter 2024 earnings report, HBT Financial announced a net income of $20.3 million, with earnings per share at $0.64, reflecting a solid financial performance compared to the previous quarters and year. Key financial highlights include an adjusted net income of $19.5 million and a slight rise in the quarterly cash dividend to $0.21 per share. Despite the Federal Reserve’s rate cuts, the company maintained a resilient net interest margin at approximately 4%, with total loans increasing to $3.47 billion by the end of the year. Asset quality remained strong, with nonperforming assets at 0.16% of total assets and a low net charge-off rate of 0.08%. Looking ahead to 2025, the management remains confident in the company’s strong balance sheet and capital levels, positioning it well to absorb market interest rate changes and pursue potential acquisition opportunities.
