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HBT Financial reported a net income of $7.4 million, or $0.27 per diluted share, for the second quarter of 2020. The results were impacted by the low interest rate environment and reserve build, but the company remained solidly profitable.
Net income of $7.4 million, or $0.27 per diluted share.
Return on average assets (ROAA) of 0.86%.
Approved and funded $184 million of Paycheck Protection Program (PPP) loans to 2,245 businesses.
Delinquent and nonperforming loans decreased during the second quarter.
The press release does not contain any forward guidance.