Hbt Financial, Inc. ( (HBT) ) has released its Q1 earnings. Here is a breakdown of the information Hbt Financial, Inc. presented to its investors.
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HBT Financial, Inc., headquartered in Bloomington, Illinois, is the holding company for Heartland Bank and Trust Company, offering a comprehensive suite of financial products and services through 66 full-service branches across Illinois and eastern Iowa.
In its first quarter of 2025, HBT Financial reported a net income of $19.1 million, or $0.60 per diluted share. The company maintained strong asset quality and saw an increase in its net interest margin, reflecting its robust financial health despite a slight decrease in net income compared to the previous quarter.
Key financial highlights include an adjusted net income of $19.3 million, a net interest margin increase to 4.12%, and a tangible book value per share rising by 4.3% for the quarter. Asset quality remained exceptional with nonperforming assets at 0.11% of total assets, and deposits grew by 1.5% compared to the previous quarter.
Looking ahead, HBT Financial remains optimistic about its performance in 2025, supported by its strong balance sheet and credit discipline, which positions it well to navigate various economic environments and capitalize on potential acquisition opportunities as markets stabilize.