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HBT Financial Matches Q1 Earnings Estimates

HBT Financial (NASDAQ: HBT) came out with quarterly earnings of $0.57 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this bank holding company would post earnings of $0.60 per share when it actually produced earnings of $0.60, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates just once. HBT Financial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $52.31 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 7.07%. This compares to year-ago revenues of $54.27 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. HBT Financial shares have lost about 12.3% since the ...