HBT Financial, Inc. reported a solid second quarter in 2021, with net income reaching $13.7 million, or $0.50 per diluted share. The company saw strong performance among its customer base, leading to increased core deposits, growth in earning assets, and improved asset quality.
Net income of $13.7 million, or $0.50 per diluted share
Return on average assets (ROAA) of 1.40%
Return on average stockholders' equity (ROAE) of 15.07%
Adjusted net income of $14.2 million, or $0.52 per diluted share
The company is focused on completing its acquisition of NXT Bancorporation, which is expected to occur in the fourth quarter of 2021.
Analyze how earnings announcements historically affect stock price performance