HBT Financial, Inc. is headquartered in Bloomington, Illinois and is the holding company for Heartland Bank and Trust Company. The bank provides a comprehensive suite of business, commercial, wealth management, and retail banking products and services to individuals, businesses and municipal entities throughout Central and Northeastern Illinois through 63 branches. As of December 31, 2020, HBT had total assets of $3.7 billion, total loans of $2.2 billion, and total deposits of $3.1 billion. HBT is a longstanding Central Illinois company, with banking roots that can be traced back 100 years.
Company profile
Ticker
HBT
Exchange
Website
CEO
Fred L. Drake
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
HEARTLAND BANCORP, INC.
SEC CIK
Corporate docs
Subsidiaries
Heartland Bank and Trust Company • Heartland Real Estate Holdings, LLC ...
IRS number
371117216
HBT stock data
Investment data
Securities sold
Number of investors
Calendar
6 May 22
26 Jun 22
31 Dec 22
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | |
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| Revenue | ||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 358.98M | 358.98M | 358.98M | 358.98M | 358.98M | 358.98M |
| Cash burn (monthly) | 16.76M | 5.9M | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 48.18M | 16.95M | n/a | n/a | n/a | n/a |
| Cash remaining | 310.8M | 342.03M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 18.5 | 58.0 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mar 22 | Roger A Baker | Common Stock, $0.01 par value | Grant | Acquire A | No | No | 0 | 550 | 0 | 71,448 |
| 28 Feb 22 | Lawrence J Horvath | Common Stock, $0.01 par value | Payment of exercise | Dispose F | No | No | 19.14 | 322 | 6.16K | 51,458 |
| 25 Feb 22 | Patrick F Busch | Common Stock, $0.01 par value | Grant | Acquire A | No | No | 0 | 4,615 | 0 | 56,931 |
| 25 Feb 22 | Andrea E Zurkamer | Common Stock, $0.01 par value | Grant | Acquire A | No | No | 0 | 1,009 | 0 | 6,919 |
| 25 Feb 22 | Lawrence J Horvath | Common Stock, $0.01 par value | Grant | Acquire A | No | No | 0 | 2,331 | 0 | 51,780 |
Institutional ownership, Q1 2022
85.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 61 |
| Opened positions | 5 |
| Closed positions | 5 |
| Increased positions | 21 |
| Reduced positions | 25 |
| 13F shares | Current |
|---|---|
| Total value | 459.73M |
| Total shares | 24.77M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Drake Fred L | 17.21M | $322.35M |
| Banc Funds | 1.21M | $21.92M |
| BLK Blackrock | 1.16M | $21.14M |
| Manufacturers Life Insurance Company, The | 877.34K | $15.95M |
| Royce & Associates | 809.94K | $14.73M |
| Vanguard | 535.89K | $9.74M |
| Adage Capital Partners GP, L.L.C. | 445.67K | $8.1M |
| Cetera Investment Advisers | 403.31K | $7.33M |
| Basswood Capital Management, L.L.C. | 321.45K | $5.84M |
| Geode Capital Management | 180.48K | $3.28M |
Financial report summary
?Risks
- Our ability to continue to pay dividends to our stockholders is restricted by applicable laws and regulations and by the ability of our subsidiaries to pay dividends to us.
- Future sales of our common stock, or the perception in the public markets that these sales may occur, may depress our stock price.
- We are an “emerging growth company” and may elect to comply with reduced public company reporting requirements which could make our common stock less attractive to investors.
- Anti-takeover provisions in our charter documents and Delaware law, and the banking laws and regulations to which we are subject, might discourage or delay acquisition attempts for us that you might consider favorable.
- Our restated certificate of incorporation designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders' ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
Management Discussion
- ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
- Unless the context requires otherwise, references in this report to the “Company,” “we,” “us” and “our” refer to HBT Financial, Inc. and its subsidiaries.
- HBT Financial, Inc., headquartered in Bloomington, Illinois, is the holding company for Heartland Bank and Trust Company, and has banking roots that can be traced back to 1920. We provide a comprehensive suite of business, commercial, wealth management, and retail banking products and services to businesses, families, and local governments throughout Central and Northeastern Illinois and Eastern Iowa. As of March 31, 2022, the Company had total assets of $4.3 billion, loans held for investment of $2.5 billion, and total deposits of $3.8 billion.
Content analysis
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| Readability |
8th grade Avg
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New words:
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Removed:
acquisitive, ago, ancillary, April, area, bear, BSA, Bureau, buy, called, card, carry, Champaign, cleaning, closure, coincided, collecting, consolidate, consummated, continuation, convenience, Cook, county, De, debenture, debit, declined, defer, deferrable, DeKalb, distancing, distributed, division, Enabling, exceeding, face, FDIC, filing, finance, floating, Ford, forecasted, forward, Grundy, guaranteed, health, height, hotel, Indemnification, installment, interchange, Kane, Kendall, Lake, LaSalle, limitation, Lincoln, Logan, longstanding, lump, Marshall, McLean, metropolitan, micropolitan, mobile, monthly, natural, notional, November, occurrence, office, partial, partnership, payable, Peoria, put, qualified, qualifying, rationalization, receiving, redeemed, reduce, refinance, refinanced, relationship, remote, reset, restaurant, reward, round, SBA, September, SERP, served, serving, shortened, slowdown, social, SOFR, statistical, statutory, subordinate, subsidiary, supplemental, sustained, Tazewell, terminate, terminated, terrorism, tied, underwritten, unsecured, weather, window, Witt, Woodford
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
18 May 22
8-K
Other Events
27 Apr 22
8-K
HBT Financial, Inc. Announces First Quarter 2022 Financial Results
25 Apr 22
8-K
HBT Financial, Inc. Announces Changes to Board of Directors
17 Feb 22
8-K
HBT Financial, Inc. Announces Fourth Quarter 2021 Financial Results
27 Jan 22
8-K
HBT Financial, Inc. Announces Authorization of
14 Dec 21
8-K
Other Events
27 Oct 21
8-K
HBT Financial, Inc. Announces Third Quarter 2021 Financial Results
25 Oct 21
8-K
HBT Financial, Inc. Completes
1 Oct 21
8-K
Other Events
28 Jul 21
Registration and prospectus
424B3
Prospectus supplement
23 Aug 21
S-4/A
Registration of securities issued in business combination transactions (amended)
19 Aug 21
S-4
Registration of securities issued in business combination transactions
11 Aug 21
425
Business combination disclosure
26 Jul 21
425
Business combination disclosure
26 Jul 21
425
Business combination disclosure
7 Jun 21
D
$40M in debt, sold $40M, 27 investors
16 Sep 20
S-8
Registration of securities for employees
30 Oct 19
424B4
Prospectus supplement with pricing info
11 Oct 19
8-A12B
Registration of securities on exchange
10 Oct 19
Other
EFFECT
Notice of effectiveness
24 Aug 21
CORRESP
Correspondence with SEC
18 Aug 21
UPLOAD
Letter from SEC
16 Aug 21
EFFECT
Notice of effectiveness
11 Oct 19
CERT
Certification of approval for exchange listing
10 Oct 19
CORRESP
Correspondence with SEC
7 Oct 19
CORRESP
Correspondence with SEC
7 Oct 19
CORRESP
Correspondence with SEC
12 Sep 19
UPLOAD
Letter from SEC
28 Jul 19
Ownership
4
HBT Financial / Roger A Baker ownership change
2 Mar 22
3
HBT Financial / Roger A Baker ownership change
2 Mar 22
4
HBT Financial / LAWRENCE J HORVATH ownership change
1 Mar 22
4
HBT Financial / MARK W SCHEIRER ownership change
1 Mar 22
4
HBT Financial / ANDREA E ZURKAMER ownership change
1 Mar 22
4
HBT Financial / PATRICK F BUSCH ownership change
1 Mar 22
4
HBT Financial / FRED L DRAKE ownership change
28 Feb 22
4
HBT Financial / JAMES LANCE CARTER ownership change
28 Feb 22
4
HBT Financial / MATTHEW J DOHERTY ownership change
28 Feb 22
4
HBT Financial / DIANE H LANIER ownership change
28 Feb 22
Reddit threads
Daily Discussion Thread - May 9th, 2022
9 May 22
Daily Discussion Thread - May 6th, 2022
6 May 22
(4/25) Monday's Pre-Market Stock Movers & News
25 Apr 22
(4/25) Monday's Pre-Market Stock Movers & News
25 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Daily Discussion Thread - April 22nd, 2022
22 Apr 22
Daily Discussion Thread - February 7th, 2022
7 Feb 22
Daily Discussion Thread - February 4th, 2022
4 Feb 22
Daily Discussion Thread - January 27th, 2022
27 Jan 22
Daily Discussion Thread - January 26th, 2022
26 Jan 22