HBT FY 2023 Earnings Report — HBT Financial, Inc. Revenue & Financial Results | Market Cap Arena

HBT Financial, Inc.HBT

FY 2023 Earnings

Reported March 6, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$264M	—	$187M	—	41.2%
Op. Income	$89M	—	$76M	—	16.3%
Gross Margin	82.7%	—	96.5%	—	-13.8pp
Net Margin	25.0%	—	30.2%	—	-5.3pp
EPS (Diluted)	$2.07	—	$2.09	—	-1.0%
Free Cash Flow	$63M	—	$72M	—	-12.4%

Revenue Flow

Item	Amount
REVENUE	$264M
Cost of Revenue	$46M
GROSS PROFIT	$218M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$80M
SG&A Expenses	$85M
Other Expenses	$45M
Operating Expenses	$130M
Cost & Expenses	$175M
OPERATING INCOME	$89M
Interest Income	$229M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$89M
Income Tax Expense	$23M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$6M
EBIT	$89M
EBITDA	$94M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$264M
Cost of Revenue	$46M
GROSS PROFIT	$218M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$80M
SG&A Expenses	$85M
Other Expenses	$45M
Operating Expenses	$130M
Cost & Expenses	$175M
OPERATING INCOME	$89M
Interest Income	$229M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$89M
Income Tax Expense	$23M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$6M
EBIT	$89M
EBITDA	$94M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$6M
Stock-Based Compensation	$2M
Deferred Income Tax	$4M
Other Non-Cash Items	$7M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$66M
Capital Expenditure	-$3M
Acquisitions (Net)	-$14M
Purchases of Investments	-$3M
Sales/Maturities of Investments	$288M
Other Investing Activities	-$135M
NET CASH FROM INVESTING	$133M
Net Debt Issuance	-$234M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$22M
Other Financing Activities	$94M
NET CASH FROM FINANCING	-$171M
FREE CASH FLOW	$63M
Net Change in Cash	$27M

Balance Sheet

Item	Amount
Cash & Equivalents	$142M
Short-Term Investments	$759M
Net Receivables	$25M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$926M
PP&E (Net)	$65M
Goodwill	$60M
Intangible Assets	$40M
Long-Term Investments	$3.9B
Tax Assets	$0
Other Non-Current Assets	$87M
TOTAL NON-CURRENT ASSETS	$4.1B
TOTAL ASSETS	$5.1B
Account Payables	$0
Short-Term Debt	$42M
Deferred Revenue	$0
Other Current Liabilities	$4.4B
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$105M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$35M
TOTAL NON-CURRENT LIABILITIES	$140M
TOTAL LIABILITIES	$4.6B
Common Stock	$327.0K
Additional Paid-In Capital	$296M
Retained Earnings	$269M
Treasury Stock	-$19M
Accum. Other Comp. Income	-$57M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$489M
Minority Interest	$0
TOTAL EQUITY	$489M
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$147M
Net Debt	$6M