HBT Financial Inc
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
HBT$37.47+1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (dollars in thousands, except per share data) | 2024 | 2023 | 2024 | 2023 |
| INTEREST AND DIVIDEND INCOME | ||||
| Loans, including fees: | ||||
| Taxable | $53,650 | $49,640 | $157,753 | $138,948 |
| Federally tax exempt | 1,133 | 1,072 | 3,324 | 3,064 |
| Debt securities: | ||||
| Taxable | 6,453 | 6,402 | 18,972 | 19,460 |
| Federally tax exempt | 502 | 978 | 1,620 | 3,337 |
| Interest-bearing deposits in bank | 2,230 | 714 | 6,752 | 2,234 |
| Other interest and dividend income | 149 | 235 | 481 | 545 |
| Total interest and dividend income | 64,117 | 59,041 | 188,902 | 167,588 |
| INTEREST EXPENSE | ||||
| Deposits | 14,649 | 7,211 | 42,375 | 13,908 |
| Securities sold under agreements to repurchase | 134 | 35 | 415 | 107 |
| Borrowings | 119 | 2,108 | 365 | 5,594 |
| Subordinated notes | 470 | 470 | 1,409 | 1,409 |
| Junior subordinated debentures issued to capital trusts | 1,012 | 938 | 2,889 | 2,582 |
| Total interest expense | 16,384 | 10,762 | 47,453 | 23,600 |
| Net interest income | 47,733 | 48,279 | 141,449 | 143,988 |
| PROVISION FOR CREDIT LOSSES | 603 | 480 | 2,306 | 6,460 |
| Net interest income after provision for credit losses | 47,130 | 47,799 | 139,143 | 137,528 |
| NONINTEREST INCOME | ||||
| Card income | 2,753 | 2,763 | 8,254 | 8,326 |
| Wealth management fees | 2,670 | 2,381 | 7,840 | 6,998 |
| Service charges on deposit accounts | 2,081 | 2,040 | 5,852 | 5,830 |
| Mortgage servicing | 1,113 | 1,169 | 3,279 | 3,522 |
| Mortgage servicing rights fair value adjustment | (1,488) | 23 | (1,505) | (460) |
| Gains on sale of mortgage loans | 461 | 476 | 1,202 | 1,125 |
| Realized gains (losses) on sales of securities | — | (813) | (3,382) | (1,820) |
| Unrealized gains (losses) on equity securities | 136 | (46) | 24 | (61) |
| Gains (losses) on foreclosed assets | (44) | 550 | 15 | 443 |
| Gains (losses) on other assets | (2) | 52 | (637) | 161 |
| Income on bank owned life insurance | 170 | 153 | 500 | 415 |
| Other noninterest income | 855 | 742 | 2,499 | 2,362 |
| Total noninterest income | 8,705 | 9,490 | 23,941 | 26,841 |
| NONINTEREST EXPENSE | ||||
| Salaries | 16,325 | 15,644 | 49,346 | 51,715 |
| Employee benefits | 2,997 | 2,616 | 8,662 | 7,658 |
| Occupancy of bank premises | 2,695 | 2,573 | 7,520 | 7,460 |
| Furniture and equipment | 446 | 667 | 1,544 | 2,135 |
| Data processing | 2,640 | 2,581 | 8,171 | 9,787 |
| Marketing and customer relations | 1,380 | 1,679 | 3,372 | 3,874 |
| Amortization of intangible assets | 710 | 720 | 2,130 | 1,950 |
| FDIC insurance | 572 | 512 | 1,697 | 1,705 |
| Loan collection and servicing | 476 | 345 | 1,403 | 971 |
| Foreclosed assets | 19 | 76 | 78 | 234 |
| Other noninterest expense | 3,062 | 3,258 | 9,176 | 13,088 |
| Total noninterest expense | 31,322 | 30,671 | 93,099 | 100,577 |
| INCOME BEFORE INCOME TAX EXPENSE | 24,513 | 26,618 | 69,985 | 63,792 |
| INCOME TAX EXPENSE | 6,333 | 6,903 | 18,477 | 16,396 |
| NET INCOME | $18,180 | $19,715 | $51,508 | $47,396 |
| EARNINGS PER SHARE - BASIC | $0.58 | $0.62 | $1.63 | $1.50 |
| EARNINGS PER SHARE - DILUTED | $0.57 | $0.62 | $1.62 | $1.49 |
| WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING | 31,559,366 | 31,829,250 | 31,600,442 | 31,598,650 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.