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Mar 31, 2020
Hbt Financial Q1 2020 Earnings Report
HBT Financial reported a net income of $6.2 million and diluted earnings per share of $0.23 for Q1 2020.
Key Takeaways
HBT Financial, Inc. reported a net income of $6.2 million, or $0.23 diluted earnings per share, for the first quarter of 2020. The company funded $141 million of PPP loans for 1,129 businesses through April 24, 2020.
Net income of $6.2 million, or $0.23 per diluted share.
Return on average assets (ROAA) of 0.78%.
Return on average stockholders' equity (ROAE) of 7.29%.
Adjusted net income of $8.4 million, or $0.30 per diluted share
Hbt Financial
Hbt Financial
Forward Guidance
The Company expects the cumulative decrease of 150 basis points in the target federal funds rate in March 2020 to continue placing downward pressure on its net interest margin in 2020.