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HBT Financial Stock Rises 4% on Strong Quarterly Earnings
HBT Financial Stock Rises 4% on Strong Quarterly Earnings
22
2
BTCCSquare news:
HBT Financial's stock climbed over 4% Monday, outpacing the broader market's 1.1% gain, after reporting robust third-quarter results. The bank holding company posted $59.8 million in revenue, up from $56.4 million year-over-year, with adjusted net income rising 6% to $20.5 million ($0.65/share), beating analyst estimates of $0.62.
Asset quality proved a key driver, with non-performing assets representing less than 0.2% of total assets. Loan growth accelerated at a 6% annualized rate, fueled by what management described as "higher loan pipelines." The disciplined execution suggests HBT has found a sustainable formula for expanding this Core business segment.
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