HBT Financial Reports Q4 2024 Net Income of $20.3M

By Bobby Samwell • Wednesday, January 22 10:25 • Permanent Link

HBT Financial, Inc. has reported its financial results for the fourth quarter of 2024, and there are several key highlights to note. The company's net income for the fourth quarter of 2024 was $20.3 million, or $0.64 per diluted share, compared to $18.2 million, or $0.57 per diluted share, for the third quarter of 2024, and $18.4 million, or $0.58 per diluted share, for the fourth quarter of 2023.

Adjusted net income for the fourth quarter of 2024 was $19.5 million, or $0.62 per diluted share, compared to $19.2 million, or $0.61 per diluted share, for the third quarter of 2024, and $19.3 million, or $0.60 per diluted share, for the fourth quarter of 2023.

The company's return on average assets ("ROAA") for the fourth quarter of 2024 was 1.61%, up from 1.45% in the third quarter of 2024, and 1.50% in the fourth quarter of 2023. Return on average stockholders' equity ("ROAE") for the fourth quarter of 2024 was 14.89%, up from 13.43% in the third quarter of 2024, and 14.49% in the fourth quarter of 2023.

The net interest margin and net interest margin (tax-equivalent basis) for the fourth quarter of 2024 were nearly unchanged at 3.96% and 4.01%, respectively, compared to 3.98% and 4.03% for the third quarter of 2024.

Total loans outstanding were $3.47 billion at December 31, 2024, compared with $3.37 billion at September 30, 2024, and $3.40 billion at December 31, 2023.

Total deposits were $4.32 billion at December 31, 2024, compared with $4.28 billion at September 30, 2024, and $4.40 billion at December 31, 2023.

Nonperforming loans totaled $7.7 million, or 0.22% of total loans, at December 31, 2024, compared with $8.2 million, or 0.24% of total loans, at September 30, 2024, and $7.9 million, or 0.23% of total loans, at December 31, 2023.

As of December 31, 2024, the company's total assets were $5.0 billion, total loans were $3.5 billion, and total deposits were $4.3 billion.

The company's board of directors declared a quarterly cash dividend of $0.21 per share on the company's common stock, representing an increase of $0.02 from the previous quarterly dividend of $0.19 per share.

These results indicate positive performance and growth for HBT Financial, Inc. in the fourth quarter of 2024. Today the company's shares have moved -0.8% to a price of $22.21. If you want to know more, read the company's complete 8-K report here.

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