HBT Financial revises Q4/FY 2022 results on $13M litigation accrual; EPS cut to $0.46/$1.95

HBT Financial, Inc.

Revised Q4 net income down $4.0M to $13.1M; diluted EPS $0.46 vs. originally reported $0.59.
FY 2022 net income reduced to $56.5M; diluted EPS $1.95 from $2.09.
Litigation loss contingency accrual of $13.0M and $7.4M insurance recovery net to $5.6M noninterest expense.
Amendment to prior 8-K; revised financial summary attached as Exhibit 99.1.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HBT Financial, Inc. reported fourth quarter and year ended December 31, 2022 results: net income $13.1 million and $56.5 million for the fourth quarter and year ended December 31, 2022, respectively, EPS $0.46 and $1.95 for the fourth quarter and year ended December 31, 2022, respectively.

Period: fourth quarter and year ended December 31, 2022
Net income: $13.1 million and $56.5 million for the fourth quarter and year ended December 31, 2022, respectively
EPS: $0.46 and $1.95 for the fourth quarter and year ended December 31, 2022, respectively
Result: reported results

Exact text from the filing

The effect of the foregoing reduced net income, as originally reported on January 25, 2023, by $4.0 million to $13.1 million and $56.5 million for the fourth quarter and year ended December 31, 2022, respectively, and reduced originally reported diluted earnings per share of $0.59 and $2.09 to $0.46 and $1.95 for the fourth quarter and year ended December 31, 2022, respectively.

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Source: SEC EDGAR

accession 0001558370-23-003141

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