HBT Financial Inc (HBT) reported better than expected earnings this morning for Q4 2022.
Wall Street earnings per share (EPS) projections for HBT Financial Inc. were at $0.56. The company beat those estimates with an EPS of $0.62. The earnings per share of $0.62 (which represents a -11% EPS surprise) led to the company's profits rising 27% compared to last year when the firm reported an EPS of $0.49. The increase in HBT Financial Inc.'s annual growth rate represents how the business is performing well amid recent economic conditions.
Revenues were upbeat at $50.1 million. That is an increase of 18.62% in revenues from the year-ago report and is 3.56% higher than consensus estimates set at $48.4 million.
The stock is up 4.95% to $20.56 after the report.
HBT Financial Inc.'s earnings expanded faster than revenues, signaling widening profit margins.
The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.
Trading in the five days leading up to the report earned HBT Financial Inc. a Bearish Sentiment Rank from InvestorsObserver.
HBT Financial Inc. has performed a little above average during the past few months. Before the report, HBT Financial Inc. received a Long-Term Technical Rank by InvestorsObserver of 68, putting it in the top half of stocks. The firm was recently trading at a 52-week high of $22.48 on November 11, 2022 and set a 52-week low on May 20, 2022 at $16.09.
HBT Financial Inc provides a comprehensive suite of business, commercial and retail banking products and services to businesses, families, and local governments throughout Central and Northeastern Illinois. It operates through one reportable segment: community banking.