Overview

* HBT Financial ( HBT ) Q3 adjusted EPS of $0.65 beats analyst expectations

* Adjusted net income for Q3 was $20.5 mln, surpassing analyst estimates

* CNB Bank to merge into HBT in $170.2 million stock and cash deal

Outlook

* HBT Financial ( HBT ) announces merger agreement with CNB Bank Shares

* Company confident in handling various economic environments

Result Drivers

* ASSET QUALITY - Strong asset quality with nonperforming assets at 0.17% and net charge-offs at 0.02% of average loans

* LOAN GROWTH - Loan growth returned with quarter-end loans increasing 6.2% annualized due to higher loan pipelines and fewer payoffs

* DEBT SECURITIES YIELDS - Improved yields on debt securities contributed positively to net interest margin

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $0.65 $0.61 (5

Adjusted Analysts

EPS )

Q3 EPS $0.63

Q3 Beat $20.45 $19.59

Adjusted mln mln (5

Net Analysts

Income )

Q3 Net $19.76

Income mln

Q3 Net $49.98

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for HBT Financial Inc ( HBT ) is $30.00, about 21.3% above its October 17 closing price of $23.60

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)