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).
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.
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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.
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About NasdaqGS:HBT
HBT Financial
Operates as the bank holding company for Heartland Bank and Trust Company that provides financial products and services to consumers, businesses, and municipal entities in Illinois and Eastern Iowa.
Flawless balance sheet and undervalued.
