HBT Financial, Inc. Announces Consolidated Earnings Results for the Fourth Quarter Ended December 31, 2019; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2019
January 31, 2020 at 02:35 am IST
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HBT Financial, Inc. announced consolidated earnings results for the fourth quarter ended December 31, 2019. For the quarter, the company reported net interest income of $32,276,000 against $33,076,000 a year ago. Net income was $16,087,000 against $11,920,000 a year ago. Basic and Diluted EPS were $0.61 against $0.66 a year ago.
Net charge-offs for the fourth quarter of 2019 were $0.6 million, or 0.11% of average loans on an annualized basis compared to $4,568,000 a year ago.
HBT Financial, Inc. is a bank holding company for Heartland Bank and Trust Company (the Bank). The Bank provides a comprehensive suite of financial products and services to consumers, businesses, and municipal entities throughout Illinois and Eastern Iowa. Its products and services are primarily deposit, lending, and ancillary products that offer a broad range of options to meet the financial needs of consumers, businesses, and municipal entities. It also provides traditional trust and investment services, farmland management, and farmland sales through its wealth management division. It offers a broad range of lending products with a focus on regulatory commercial real estate (CRE), which includes non-owner-occupied CRE, construction and land development (C&D) and multifamily; commercial and industrial (C&I) and owner-occupied CRE; agricultural and farmland; and one-to-four family residential loans. It also provides municipal, consumer and other loans.
HBT Financial, Inc. Announces Consolidated Earnings Results for the Fourth Quarter Ended December 31, 2019; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2019
HBT FINANCIAL, INC. 
