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Dec 31, 2021
Hbt Financial Q4 2021 Earnings Report
Reported net income of $13.6 million and EPS of $0.47.
Key Takeaways
HBT Financial, Inc. reported a strong fourth quarter with net income of $13.6 million, or $0.47 diluted earnings per share. The company completed the acquisition of NXT Bancorporation, expanding its footprint into Eastern Iowa and experiencing organic loan growth.
Net income was $13.6 million, or $0.47 per diluted share.
Adjusted net income was $14.2 million, or $0.49 per diluted share.
Excluding PPP loans, total loans grew organically by 9%.
A quarterly cash dividend increased to $0.16 per share.
Forward Guidance
HBT Financial anticipates delivering another strong performance in 2022 due to loan production capabilities, the NXT acquisition, and a balance sheet well-positioned to benefit from rising interest rates. The company expects to continue returning capital to shareholders through stock repurchases and increased quarterly cash dividends.
Positive Outlook
- Loan production capabilities
- Accretive benefits from NXT acquisition
- Balance sheet well-positioned for rising rates
- Continued stock repurchase program
- Increased quarterly cash dividend
Historical Earnings Impact
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Avg. Return Before/After Earnings
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