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.
HBT Financial (HBT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
HBT Financial (HBT - Free Report) reported $56.64 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.7%. EPS of $0.57 for the same period compares to $0.58 a year ago.
The reported revenue represents a surprise of -0.31% over the Zacks Consensus Estimate of $56.82 million. With the consensus EPS estimate being $0.56, the EPS surprise was +1.79%.
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.
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 interest margin (FTE): 4% versus the three-analyst average estimate of 4%.
Efficiency Ratio: 52.6% compared to the 55.1% average estimate based on three analysts.
Net charge-offs to average loans: 0.1% versus the three-analyst average estimate of 0.1%.
Average Balances - Interest-earning assets: $4.79 billion versus the three-analyst average estimate of $4.81 billion.
Total Nonperforming Loans: $8.43 million versus $10.33 million estimated by two analysts on average.
Card income: $2.89 million compared to the $2.87 million average estimate based on three analysts.
Other noninterest income: $0.70 million compared to the $1.04 million average estimate based on three analysts.
Net interest income (FTE): $47.58 million compared to the $47.52 million average estimate based on three analysts.
Mortgage servicing: $1.11 million compared to the $1.04 million average estimate based on three analysts.
Gains on sale of mortgage loans: $0.44 million versus $0.23 million estimated by three analysts on average.
Wealth management fees: $2.62 million versus $2.37 million estimated by three analysts on average.
Total noninterest income: $9.61 million versus $9.49 million estimated by three analysts on average.
Shares of HBT Financial have returned +23.5% over the past month versus the Zacks S&P 500 composite's +0.4% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
HBT Financial (HBT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
HBT Financial (HBT - Free Report) reported $56.64 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.7%. EPS of $0.57 for the same period compares to $0.58 a year ago.
The reported revenue represents a surprise of -0.31% over the Zacks Consensus Estimate of $56.82 million. With the consensus EPS estimate being $0.56, the EPS surprise was +1.79%.
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.
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 interest margin (FTE): 4% versus the three-analyst average estimate of 4%.
- Efficiency Ratio: 52.6% compared to the 55.1% average estimate based on three analysts.
- Net charge-offs to average loans: 0.1% versus the three-analyst average estimate of 0.1%.
- Average Balances - Interest-earning assets: $4.79 billion versus the three-analyst average estimate of $4.81 billion.
- Total Nonperforming Loans: $8.43 million versus $10.33 million estimated by two analysts on average.
- Card income: $2.89 million compared to the $2.87 million average estimate based on three analysts.
- Other noninterest income: $0.70 million compared to the $1.04 million average estimate based on three analysts.
- Net interest income (FTE): $47.58 million compared to the $47.52 million average estimate based on three analysts.
- Mortgage servicing: $1.11 million compared to the $1.04 million average estimate based on three analysts.
- Gains on sale of mortgage loans: $0.44 million versus $0.23 million estimated by three analysts on average.
- Wealth management fees: $2.62 million versus $2.37 million estimated by three analysts on average.
- Total noninterest income: $9.61 million versus $9.49 million estimated by three analysts on average.
View all Key Company Metrics for HBT Financial here>>>Shares of HBT Financial have returned +23.5% over the past month versus the Zacks S&P 500 composite's +0.4% 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.