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HBT Financial (HBT) Reports Q3 Earnings: What Key Metrics Have to Say

HBT Financial (HBT) reported $57.77 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 26.6%. EPS of $0.63 for the same period compares to $0.55 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $58.81 million, representing a surprise of -1.76%. The company delivered an EPS surprise of +6.78%, with the consensus EPS estimate being $0.59.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how HBT Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Efficiency Ratio: 51.9% compared to the 53% average estimate based on two analysts.

  • Average Balances - Interest-earning assets: $4.71 billion versus the two-analyst average estimate of $4.74 billion.

  • Net charge-offs to average loans: 0% versus the two-analyst average estimate of 0.1%.

  • Net interest margin (FTE): 4.1% compared to the 4.1% average estimate based on two analysts.

  • Card income: $2.76 million versus $2.95 million estimated by two analysts on average.

  • Wealth management fees: $2.38 million compared to the $2.15 million average estimate based on two analysts.

  • Service charges on deposit accounts: $2.04 million versus the two-analyst average estimate of $1.95 million.

  • Net interest income (FTE): $48.95 million compared to the $48.90 million average estimate based on two analysts.

  • Other noninterest income: $0.74 million versus $1.15 million estimated by two analysts on average.

  • Total noninterest income: $9.49 million versus the two-analyst average estimate of $10.10 million.

  • Mortgage servicing: $1.17 million versus $1.15 million estimated by two analysts on average.

View all Key Company Metrics for HBT Financial here>>>

Shares of HBT Financial have returned -0.8% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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