HBT Financial Inc
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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FY2024 · Filed Mar 7, 2025
HBT$37.53+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
| Year Ended December 31, | |||
|---|---|---|---|
| (dollars in thousands, except per share data) | 2024 | 2023 | 2022 |
| INTEREST AND DIVIDEND INCOME | |||
| Loans, including fees: | |||
| Taxable | $210,340 | $191,008 | $120,343 |
| Federally tax exempt | 4,523 | 4,189 | 3,135 |
| Debt securities: | |||
| Taxable | 25,801 | 25,746 | 23,237 |
| Federally tax exempt | 2,102 | 4,225 | 4,569 |
| Interest-bearing deposits in bank | 8,272 | 3,020 | 1,541 |
| Other interest and dividend income | 662 | 811 | 229 |
| Total interest and dividend income | 251,700 | 228,999 | 153,054 |
| INTEREST EXPENSE | |||
| Deposits | 56,047 | 25,135 | 2,511 |
| Securities sold under agreements to repurchase | 594 | 255 | 36 |
| Borrowings | 480 | 7,128 | 967 |
| Subordinated notes | 1,879 | 1,879 | 1,879 |
| Junior subordinated debentures issued to capital trusts | 3,850 | 3,530 | 1,787 |
| Total interest expense | 62,850 | 37,927 | 7,180 |
| Net interest income | 188,850 | 191,072 | 145,874 |
| PROVISION FOR CREDIT LOSSES | 3,031 | 7,573 | (706) |
| Net interest income after provision for credit losses | 185,819 | 183,499 | 146,580 |
| NONINTEREST INCOME | |||
| Card income | 11,051 | 11,043 | 10,329 |
| Wealth management fees | 10,978 | 9,883 | 9,155 |
| Service charges on deposit accounts | 7,932 | 7,846 | 7,072 |
| Mortgage servicing | 4,437 | 4,678 | 2,609 |
| Mortgage servicing rights fair value adjustment | (174) | (1,615) | 2,153 |
| Gains on sale of mortgage loans | 1,611 | 1,526 | 1,461 |
| Realized gains (losses) on sales of securities | (3,697) | (1,820) | — |
| Unrealized gains (losses) on equity securities | (59) | 160 | (414) |
| Gains (losses) on foreclosed assets | 22 | 501 | (314) |
| Gains (losses) on other assets | (635) | 166 | 136 |
| Income on bank owned life insurance | 915 | 573 | 164 |
| Other noninterest income | 3,190 | 3,105 | 2,366 |
| Total noninterest income | 35,571 | 36,046 | 34,717 |
| NONINTEREST EXPENSE | |||
| Salaries | 65,130 | 67,453 | 51,767 |
| Employee benefits | 11,311 | 10,037 | 8,325 |
| Occupancy of bank premises | 10,293 | 9,918 | 7,673 |
| Furniture and equipment | 2,004 | 2,790 | 2,476 |
| Data processing | 11,169 | 12,352 | 7,441 |
| Marketing and customer relations | 4,320 | 5,043 | 3,803 |
| Amortization of intangible assets | 2,839 | 2,670 | 873 |
| FDIC insurance | 2,254 | 2,280 | 1,164 |
| Loan collection and servicing | 2,056 | 1,402 | 1,049 |
| Foreclosed assets | 109 | 251 | 293 |
| Other noninterest expense | 12,522 | 16,768 | 20,243 |
| Total noninterest expense | 124,007 | 130,964 | 105,107 |
| INCOME BEFORE INCOME TAX EXPENSE | 97,383 | 88,581 | 76,190 |
| INCOME TAX EXPENSE | 25,603 | 22,739 | 19,734 |
| NET INCOME | $71,780 | $65,842 | $56,456 |
| EARNINGS PER SHARE - BASIC | $2.27 | $2.08 | $1.95 |
| EARNINGS PER SHARE - DILUTED | $2.26 | $2.07 | $1.95 |
| WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING | 31,590,117 | 31,626,308 | 28,853,697 |
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