Stock Analysis

HBT Financial Second Quarter 2024 Earnings: EPS Beats Expectations

NasdaqGS:HBT
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HBT Financial (NASDAQ:HBT) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$55.5m (down 6.0% from 2Q 2023).
  • Net income: US$18.1m (down 2.1% from 2Q 2023).
  • Profit margin: 33% (up from 31% in 2Q 2023). The increase in margin was driven by lower expenses.
  • EPS: US$0.57 (down from US$0.58 in 2Q 2023).
earnings-and-revenue-growth
NasdaqGS:HBT Earnings and Revenue Growth August 4th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

HBT Financial EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 11% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for HBT Financial (1 is a bit unpleasant!) that you need to be mindful of.

Valuation is complex, but we're here to simplify it.

Discover if HBT Financial might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

About NasdaqGS:HBT

HBT Financial

Operates as the bank holding company for Heartland Bank and Trust Company that provides business, commercial, and retail banking products and services to individuals, businesses, and municipal entities in Central and Northeastern Illinois, and Eastern Iowa.

Flawless balance sheet and undervalued.