Fourth Quarter Financial Highlights of HBT Financial, Inc.
In the last quarter of 2024, HBT Financial, Inc. (HBT) reported impressive financial results with a net income of $20.3 million or $0.64 diluted earnings per share. This figure represents a 5.4% increase compared to the same period in the previous year.
Key Financial Metrics
The return on average assets (ROAA) for the quarter was 1.61%, a slight decrease from the 1.64% reported in the same period in 2023. The return on average stockholders’ equity (ROAE) was 14.89%, down from 15.27% in the previous year. However, the return on average tangible common equity (ROATCE) stood at 17.40%, a 50 basis points increase from the previous year.
Adjusted net income for the quarter was $19.5 million or $0.62 diluted earnings per share. The adjusted ROAA was 1.56%, a minor decrease from the previous year’s 1.58%. The adjusted ROAE was 14.36%, a decline from 14.71% in the previous year. The adjusted ROATCE was 16.77%, a 30 basis points increase from the previous year.
Asset Quality
Asset quality remained strong with nonperforming assets to total assets ratio standing at 0.16% and net charge-offs to average loans ratio at 0.08%, on an annualized basis. These figures indicate a decrease in nonperforming assets and net charge-offs compared to the previous year.
Impact on Individuals
As a shareholder, these results could mean a potential increase in dividends or share buybacks, as the company’s strong financial position allows for more opportunities to return value to shareholders. However, it is essential to note that individual investment decisions should be based on thorough research and financial planning.
Impact on the World
HBT Financial’s strong financial performance can contribute positively to the economy by increasing lending capacity to businesses and individuals, potentially leading to economic growth. Additionally, the company’s financial strength may attract more investors, increasing demand for HBT Financial stock and potentially driving up its price.
Conclusion
HBT Financial, Inc.’s fourth-quarter financial results demonstrate a strong performance, with net income increasing and asset quality remaining robust. These results could lead to potential benefits for shareholders and the economy as a whole. However, investors should always conduct thorough research before making investment decisions.
- Net income of $20.3 million or $0.64 diluted earnings per share
- ROAA: 1.61%, ROAE: 14.89%, and ROATCE: 17.40%
- Adjusted net income of $19.5 million or $0.62 diluted earnings per share
- Adjusted ROAA: 1.56%, ROAE: 14.36%, and ROATCE: 16.77%
- Strong asset quality with nonperforming assets to total assets ratio of 0.16% and net charge-offs to average loans ratio of 0.08%
- Potential benefits for shareholders and the economy
