HBT Financial, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 23, 2023 at 11:16 am
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HBT Financial, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 48.28 million compared to USD 37.39 million a year ago. Net income was USD 19.72 million compared to USD 15.63 million a year ago. Basic earnings per share from continuing operations was USD 0.62 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.62 compared to USD 0.54 a year ago.
For the nine months, net interest income was USD 143.99 million compared to USD 103.69 million a year ago. Net income was USD 47.4 million compared to USD 43.32 million a year ago. Basic earnings per share from continuing operations was USD 1.5 compared to USD 1.5 a year ago. Diluted earnings per share from continuing operations was USD 1.49 compared to USD 1.49 a year ago.
HBT Financial, Inc. is a bank holding company for Heartland Bank and Trust Company (the Bank). The Bank provides a comprehensive suite of financial products and services to consumers, businesses, and municipal entities throughout Illinois and Eastern Iowa. Its products and services are primarily deposit, lending, and ancillary products that offer a broad range of options to meet the financial needs of consumers, businesses, and municipal entities. It also provides traditional trust and investment services, farmland management, and farmland sales through its wealth management division. It offers a broad range of lending products with a focus on regulatory commercial real estate (CRE), which includes non-owner-occupied CRE, construction and land development (C&D) and multifamily; commercial and industrial (C&I) and owner-occupied CRE; agricultural and farmland; and one-to-four family residential loans. It also provides municipal, consumer and other loans.