We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, HBT Financial (HBT) Q1 Earnings: A Look at Key Metrics
Read MoreHide Full Article
HBT Financial (HBT - Free Report) reported $54.27 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 29.3%. EPS of $0.64 for the same period compares to $0.42 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $57.45 million, representing a surprise of -5.53%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $0.56.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
Net charge-offs to average loans: -0.02% versus 0.09% estimated by three analysts on average.
Efficiency Ratio: 65.27% versus 51.47% estimated by three analysts on average.
Net interest margin (FTE): 4.26% compared to the 4.19% average estimate based on three analysts.
Average Balances - Interest-earning assets: $4.52 billion compared to the $4.41 billion average estimate based on three analysts.
Service charges on deposit accounts: $1.87 million versus the three-analyst average estimate of $1.85 million.
Card income: $2.66 million versus the three-analyst average estimate of $2.72 million.
Other noninterest income: $0.74 million compared to the $0.85 million average estimate based on three analysts.
Total noninterest income: $7.44 million versus the three-analyst average estimate of $8.62 million.
Mortgage servicing: $1.10 million compared to the $0.78 million average estimate based on three analysts.
Wealth management fees: $2.34 million versus $2.58 million estimated by three analysts on average.
Net interest income (FTE): $47.54 million compared to the $45.55 million average estimate based on three analysts.
Shares of HBT Financial have returned -9% over the past month versus the Zacks S&P 500 composite's +2.6% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, HBT Financial (HBT) Q1 Earnings: A Look at Key Metrics
HBT Financial (HBT - Free Report) reported $54.27 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 29.3%. EPS of $0.64 for the same period compares to $0.42 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $57.45 million, representing a surprise of -5.53%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $0.56.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
- Net charge-offs to average loans: -0.02% versus 0.09% estimated by three analysts on average.
- Efficiency Ratio: 65.27% versus 51.47% estimated by three analysts on average.
- Net interest margin (FTE): 4.26% compared to the 4.19% average estimate based on three analysts.
- Average Balances - Interest-earning assets: $4.52 billion compared to the $4.41 billion average estimate based on three analysts.
- Service charges on deposit accounts: $1.87 million versus the three-analyst average estimate of $1.85 million.
- Card income: $2.66 million versus the three-analyst average estimate of $2.72 million.
- Other noninterest income: $0.74 million compared to the $0.85 million average estimate based on three analysts.
- Total noninterest income: $7.44 million versus the three-analyst average estimate of $8.62 million.
- Mortgage servicing: $1.10 million compared to the $0.78 million average estimate based on three analysts.
- Wealth management fees: $2.34 million versus $2.58 million estimated by three analysts on average.
- Net interest income (FTE): $47.54 million compared to the $45.55 million average estimate based on three analysts.
View all Key Company Metrics for HBT Financial here>>>Shares of HBT Financial have returned -9% over the past month versus the Zacks S&P 500 composite's +2.6% 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.