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Hbt Financial Inc's Business Segments
Hbt Financial Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
3
Largest Segment
Wealth management fees
Total Revenue
$ 80
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Wealth management fees9.6%
- Card income7.7%
- Service charges on deposit accounts5.8%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Wealth management fees | $ 8 | 9.6% |
| Card income | $ 6 | 7.7% |
| Service charges on deposit accounts | $ 5 | 5.8% |
Annual Results
Revenue Share by Reportable Segment - FY
- Wealth management fees9.6%
- Card income7.7%
- Service charges on deposit accounts5.8%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Wealth management fees | $ 8 | 9.6% |
| Card income | $ 6 | 7.7% |
| Service charges on deposit accounts | $ 5 | 5.8% |
Description of Hbt Financial Inc
Hbt Financial Inc is a financial services holding company based in Illinois, USA. It was founded in 1857 and is headquartered in Bloomington, Illinois. The company primarily operates through its subsidiary, Heartland Bank and Trust Company, which provides a range of banking and financial services to customers in Central and Western Illinois.
Hbt Financial Inc offers a variety of services, including personal and commercial banking, wealth management, agriculture lending, commercial lending, and mortgage services. It also provides online and mobile banking services and has a strong presence in its local communities.
As of March 31, 2021, Hbt Financial Inc had total assets of $3.8 billion and total deposits of $3.2 billion. The company employs over 750 individuals in more than 60 locations throughout Central and Western Illinois.
The company has a strong commitment to its customers, employees, and communities. It focuses on building strong relationships with its customers and working with them to achieve their financial goals. It also invests in its employees by providing training programs and career development opportunities. Hbt Financial Inc is also actively involved in its local communities, supporting various charitable organizations and sponsoring local events.
In 2020, Hbt Financial Inc completed its initial public offering (IPO) and began trading on the Nasdaq Global Market under the ticker symbol "HBT." The company's IPO raised approximately $73.8 million in net proceeds, which it intends to use to support organic growth initiatives and potential strategic acquisitions.
Overall, Hbt Financial Inc is a strong financial services holding company with a focus on providing personalized and innovative banking solutions to its customers while also supporting its employees and local communities.
Hbt Financial Inc offers a variety of services, including personal and commercial banking, wealth management, agriculture lending, commercial lending, and mortgage services. It also provides online and mobile banking services and has a strong presence in its local communities.
As of March 31, 2021, Hbt Financial Inc had total assets of $3.8 billion and total deposits of $3.2 billion. The company employs over 750 individuals in more than 60 locations throughout Central and Western Illinois.
The company has a strong commitment to its customers, employees, and communities. It focuses on building strong relationships with its customers and working with them to achieve their financial goals. It also invests in its employees by providing training programs and career development opportunities. Hbt Financial Inc is also actively involved in its local communities, supporting various charitable organizations and sponsoring local events.
In 2020, Hbt Financial Inc completed its initial public offering (IPO) and began trading on the Nasdaq Global Market under the ticker symbol "HBT." The company's IPO raised approximately $73.8 million in net proceeds, which it intends to use to support organic growth initiatives and potential strategic acquisitions.
Overall, Hbt Financial Inc is a strong financial services holding company with a focus on providing personalized and innovative banking solutions to its customers while also supporting its employees and local communities.
HBT Financial Inc. is a prominent financial services provider based primarily in the Midwest, particularly focused on the state of Illinois. As the holding company for Heartland Bank and Trust Company, HBT Financial extends a broad spectrum of banking and financial solutions targeted at individuals, businesses, and institutional clients. The organization is segmented into several key areas, each tailored to meet the distinct financial needs of its diverse clientele.
Segments of HBT Financial Inc.
1. Commercial Segment:
The commercial segment of HBT Financial Inc. provides a comprehensive suite of services dedicated to small and medium-sized businesses. This includes:
- Commercial Loans: Customized financing options that support business expansion, equipment purchases, and operational expenses.
- Treasury Management: Solutions designed to optimize cash flow and manage liquidity effectively, which encompasses services like electronic funds transfers, fraud protection, and reconciliation services.
- Merchant Services: Facilities that enable businesses to accept various payment forms, including credit and debit card transactions, mobile payments, and e-commerce solutions.
- Cash Management: Effective cash flow management programs that assist businesses in streamlining their financial operations and improving their overall efficiency.
2. Agricultural Segment:
HBT Financial Inc. places a strong emphasis on supporting the agricultural community in the Midwest. This segment offers:
- Agricultural Lending: Specialized loan products designed for farmers, providing funds for operating expenses, land purchases, and equipment financing.
- Equipment Financing: Tailored financing solutions for agricultural equipment and machinery, designed to keep operations efficient.
- Crop Insurance: Risk management products that help protect farmers against yield losses due to unforeseen events.
- Farm Management Services: Consultation and advisory services aimed at optimizing farm operations and enhancing productivity.
3. Retail Segment:
Serving individual consumers, the retail segment encompasses a wide range of personal banking products. Key offerings include:
- Checking Accounts: A variety of checking account options, including free checking and interest-bearing accounts that cater to different financial habits.
- Savings Accounts: Standard savings accounts, high-yield savings products, and money market accounts to help individuals save effectively.
- Personal Loans: Unsecured and secured loan options for various personal needs, from unexpected expenses to planned purchases.
- Mortgages: Comprehensive home loan solutions, including fixed-rate and adjustable-rate mortgages, refinancing options, and home equity loans.
- Online and Mobile Banking: Robust digital platforms that facilitate convenient 24/7 banking, enabling customers to check balances, transfer funds, pay bills, and manage their financial activities seamlessly.
4. Wealth Management Segment:
This segment is designed for clients seeking guidance and services related to investment and financial planning. It includes:
- Investment Management: Professional management of investment portfolios with a focus on aligning investments with individual client goals and risk tolerance.
- Estate Planning: Services to help clients structure their assets and prepare for the distribution of wealth in line with their wishes.
- Retirement Planning: Tailored strategies to help clients build a secure financial foundation for retirement through various investment vehicles.
- Insurance Services: A range of insurance products designed to protect assets and provide financial security.
- Trust Services: Administration of trusts and estate plans to ensure the effective management and transfer of wealth.
Products and Services Offered by HBT Financial Inc.
1. Checking and Savings Accounts:
- Diverse options for both personal savings and daily banking needs designed to offer flexibility and control.
2. Loans:
- A comprehensive array of loan products, including personal loans, auto loans, home equity loans, and specialized commercial loans for businesses.
3. Credit Cards:
- A variety of credit card options that come with competitive interest rates, rewards programs, and other benefits tailored to different consumer preferences.
4. Online and Mobile Banking:
- Advanced online banking features and mobile applications facilitate ease of access, real-time account management, and self-service options for clients on the go.
5. Investment and Wealth Management:
- A suite of services aimed at helping clients grow and manage their wealth effectively, including personalized advisory services.
6. Treasury Management:
- Comprehensive solutions designed for businesses to manage their cash flow effectively and improve financial operations.
Merchant Services:
- Services that cater to businesses of all sizes, providing essential tools for payment acceptance and financial management.
In conclusion, HBT Financial Inc. represents a well-rounded financial institution dedicated to serving the diverse banking and financial needs of individuals, businesses, and institutions primarily in the Midwest. Through its various segments and extensive range of products and services, the company is well-equipped to address the unique financial challenges and aspirations of its clients.
Segments of HBT Financial Inc.
1. Commercial Segment:
The commercial segment of HBT Financial Inc. provides a comprehensive suite of services dedicated to small and medium-sized businesses. This includes:
- Commercial Loans: Customized financing options that support business expansion, equipment purchases, and operational expenses.
- Treasury Management: Solutions designed to optimize cash flow and manage liquidity effectively, which encompasses services like electronic funds transfers, fraud protection, and reconciliation services.
- Merchant Services: Facilities that enable businesses to accept various payment forms, including credit and debit card transactions, mobile payments, and e-commerce solutions.
- Cash Management: Effective cash flow management programs that assist businesses in streamlining their financial operations and improving their overall efficiency.
2. Agricultural Segment:
HBT Financial Inc. places a strong emphasis on supporting the agricultural community in the Midwest. This segment offers:
- Agricultural Lending: Specialized loan products designed for farmers, providing funds for operating expenses, land purchases, and equipment financing.
- Equipment Financing: Tailored financing solutions for agricultural equipment and machinery, designed to keep operations efficient.
- Crop Insurance: Risk management products that help protect farmers against yield losses due to unforeseen events.
- Farm Management Services: Consultation and advisory services aimed at optimizing farm operations and enhancing productivity.
3. Retail Segment:
Serving individual consumers, the retail segment encompasses a wide range of personal banking products. Key offerings include:
- Checking Accounts: A variety of checking account options, including free checking and interest-bearing accounts that cater to different financial habits.
- Savings Accounts: Standard savings accounts, high-yield savings products, and money market accounts to help individuals save effectively.
- Personal Loans: Unsecured and secured loan options for various personal needs, from unexpected expenses to planned purchases.
- Mortgages: Comprehensive home loan solutions, including fixed-rate and adjustable-rate mortgages, refinancing options, and home equity loans.
- Online and Mobile Banking: Robust digital platforms that facilitate convenient 24/7 banking, enabling customers to check balances, transfer funds, pay bills, and manage their financial activities seamlessly.
4. Wealth Management Segment:
This segment is designed for clients seeking guidance and services related to investment and financial planning. It includes:
- Investment Management: Professional management of investment portfolios with a focus on aligning investments with individual client goals and risk tolerance.
- Estate Planning: Services to help clients structure their assets and prepare for the distribution of wealth in line with their wishes.
- Retirement Planning: Tailored strategies to help clients build a secure financial foundation for retirement through various investment vehicles.
- Insurance Services: A range of insurance products designed to protect assets and provide financial security.
- Trust Services: Administration of trusts and estate plans to ensure the effective management and transfer of wealth.
Products and Services Offered by HBT Financial Inc.
1. Checking and Savings Accounts:
- Diverse options for both personal savings and daily banking needs designed to offer flexibility and control.
2. Loans:
- A comprehensive array of loan products, including personal loans, auto loans, home equity loans, and specialized commercial loans for businesses.
3. Credit Cards:
- A variety of credit card options that come with competitive interest rates, rewards programs, and other benefits tailored to different consumer preferences.
4. Online and Mobile Banking:
- Advanced online banking features and mobile applications facilitate ease of access, real-time account management, and self-service options for clients on the go.
5. Investment and Wealth Management:
- A suite of services aimed at helping clients grow and manage their wealth effectively, including personalized advisory services.
6. Treasury Management:
- Comprehensive solutions designed for businesses to manage their cash flow effectively and improve financial operations.
Merchant Services:
- Services that cater to businesses of all sizes, providing essential tools for payment acceptance and financial management.
In conclusion, HBT Financial Inc. represents a well-rounded financial institution dedicated to serving the diverse banking and financial needs of individuals, businesses, and institutions primarily in the Midwest. Through its various segments and extensive range of products and services, the company is well-equipped to address the unique financial challenges and aspirations of its clients.