HBT Financial(US:HBT)2021-10-25 16:59Financial Performance - Net income was $13.7 million, resulting in a return on average assets (ROAA) of 1.37% and a return on average tangible common equity (ROATCE) of 15.32%[3] - Adjusted net income reached $14.5 million, with an adjusted ROAA of 1.45% and an adjusted ROATCE of 16.18%[3] - Total assets decreased slightly by $5 million, representing a 0.1% decrease from the previous quarter[3] Loan Portfolio - Nonperforming loans decreased to $5.5 million, or 0.26% of total loans, compared to $7.4 million, or 0.34% in Q2 2021, and $15.2 million, or 0.67% in Q3 2020[3] - Total loans excluding PPP loans increased by 3% from Q2 2021[3] - PPP loan balances, net of deferred origination fees, totaled $60 million, accounting for 2.8% of total loans as of September 30, 2021[5] Deposits and Capital - Total deposits experienced a slight decrease of $5 million, or 0.1%, from Q2 2021[3] - The loans-to-deposits ratio remained stable at 62.8% compared to Q2 2021[3] - CET1 (Common Equity Tier 1) ratio stood at 14.1%[2] Acquisition and Future Outlook - The acquisition of NXT Bank closed on October 1, 2021, adding approximately $232 million in assets, $196 million in loans, and $181 million in deposits[38] - Loan balances (excluding PPP and acquired loans) are expected to grow in the mid-single digits on an annualized basis[35]