earnings
confidence high
sentiment neutral
materiality 0.60
HBT Financial Q3 2024 net income $18.2M, EPS $0.57; adjusted EPS $0.61, NIM expands
HBT Financial, Inc.
2024-Q3 EPS reported
$1.62
- Net income $18.2M ($0.57 diluted EPS); adjusted net income $19.2M ($0.61 diluted EPS).
- NIM (tax-equivalent) expanded to 4.03% from 4.00% prior quarter; funding costs up 5 bps to 1.47%.
- Asset quality remains strong: NPAs/total assets 0.17%, net charge-offs 0.07% annualized.
- Tangible book value per share increased 23.3% YoY; all capital ratios solid.
- Noninterest expense $31.3M, up 2.1% from Q3 2023; management focused on efficiency.