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Sep 30, 2024
Hbt Financial Q3 2024 Earnings Report
Reported solid financial performance with increased net interest margin and strong asset quality.
Key Takeaways
HBT Financial reported a net income of $18.2 million for Q3 2024, with an adjusted net income of $19.2 million. The net interest margin increased, and asset quality remained strong. The company continues to focus on operational efficiency and invest in its business.
Net income was $18.2 million, or $0.57 per diluted share.
Adjusted net income was $19.2 million, or $0.61 per diluted share.
Net interest margin expanded to 3.98%, and net interest margin (tax-equivalent basis) expanded to 4.03%.
Asset quality remained strong with nonperforming assets to total assets of 0.17% and net charge-offs to average loans of 0.07%.