HBT Financial Results Presentation Deck
Q4 2023 Highlights
Strong profitability
Diversified deposit
base
Continued loan
growth and excellent
asset quality
HBT
Financial
Net income of $18.4 million, or $0.58 per diluted share; return on average assets (ROAA) of
1.46% and return on average tangible common equity (ROATCE)¹ of 18.96%
Adjusted net income¹ of $19.3 million, or $0.60 per diluted share; adjusted ROAA¹ of 1.53% and
adjusted ROATCE¹ of 19.81%
Disciplined management of noninterest expenses, which decreased by 0.9% compared to Q3
2023
■ Deposits increased $203.4 million, compared to September 30, 2023, primarily attributable to the
addition of $144.0 million of wealth management customer money market accounts previously
held by a third-party institution which were brought on balance sheet and used to pay down
wholesale borrowings
Maintained a strong net interest margin of 3.93% and a net interest margin (tax-equivalent basis)¹
of 3.99%, both down 14 basis points compared to Q3 2023
■Cost of funds increased 30 basis points, to 1.26%, and total cost of deposits increased 36 basis
points, to 1.05%, while yield on average earning assets increased by 16 basis points, to 5.13%
Strong loan production during Q4 2023 mainly from existing loan relationships, while maintaining
consistently conservative underwriting standards, with loans increasing $61.6 million, or 1.8%,
compared to September 30, 2023
Maintained excellent asset quality with the ratio of nonperforming assets to total assets of 0.17%
and net charge-offs to average loans of 0.06%
See "Non-GAAP reconciliations" in the Appendix for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures
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