HBT Financial Results Presentation Deck slide image

HBT Financial Results Presentation Deck

1... drives long-term tangible book value growth Tangible Book Value Per Share Over Time ($ per share)¹ 4.69 5.38 TBVPS CAGR¹: 12.0% 2007 2008 2009 2010 2007 6.10 6.91 HBT Financial 0.20 0.40 16.23 Cumulative Effect of Dividends Paid ($ per share)³ 0.60 17.27 17.80 5.01 (7.26) 5.88 7.83 10.54 Town and Country acquisition dilution in 1Q23 estimated to be $0.68 when including acquisition expenses TBVPS CAGR¹: 4.9% 11.12 2017 2018 3Q19 IPO 3Q19 2019 2020 2021 2022 2023 Dilution IPO Adjusted² 12.29 13.13 0.60 11.94 12.90 Negative AOCI reduces TBVPS by $1.81 as of 2023 1.20 1.84 2.52 ■ From 2007 to IPO, HBT generated 12.0% annual compound growth of TBVPS Since our IPO in October 2019, TBVPS growth has been more muted, primarily due to unrealized losses on AFS securities and the Town and Country acquisition in 1Q23 ■ TBVPS increased by $1.10, or 9.3%, in the fourth quarter of 2023 to $12.90 as of December 31, 2023 as a result of the recent drop in interest rates which drove a $21.3 million increase in our accumulated other comprehensive income (loss) which was coupled with strong earnings retention Through calendar year 2024, assuming published 2024 EPS consensus estimates, current dividend levels, and the estimated reversal of unrealized losses on AFS securities based on interest rates as of December 31, 2023, our goal is to grow TBVPS at a rate in- line with, or more than, its growth from 2007 to our IPO НН 2008 2009 2010 2017 2018 3Q19 2019 2020 2021 2022 2023 ¹ For reconciliation with GAAP metric, see "Non-GAAP reconciliations" in Appendix; 2 In 2019, HBT Financial issued and sold 9,429,794 shares of common stock at a price of $16 per share. Total proceeds received by the Company, net of offering costs, were $138.5 million and were used to substantially fund a $170 million special dividend to stockholders of record prior to the initial public offering. Amount reflects dilution per share attributable to newly issued shares in initial public offering and special dividend payment. For reconciliation with GAAP metric, see "Non-GAAP reconciliations"; 3 Excludes dividends paid to S Corp shareholders for estimated tax liability prior to conversion to C Corp status on October 11, 2019. Excludes $170 million special dividend funded primarily from IPO proceeds. For reconciliation with GAAP metric, see "Non-GAAP reconciliations" in Appendix. 21
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