Overview
- HBT posted record third‑quarter net income of $19.8 million with return on average assets of 1.56%, and adjusted net income reached $20.5 million, its best since going public.
- HBT reported low credit costs and solid balance‑sheet trends, including net charge‑offs of 0.02%, nonperforming assets at 0.17%, 6.2% annualized loan growth, and deposits of $4.35 billion.
- HBT said capital strengthened as tangible book value rose to $16.64 and the tangible common equity ratio reached 10.56%, alongside continued share repurchases and remaining buyback capacity.
- HBT announced a merger with CNB Bank Shares to expand its Illinois and broader Midwest footprint through additional community banking presence.
- Zions reported core momentum with net interest margin up 11 basis points to 3.28%, higher customer fees, and improved efficiency, but recorded a $49 million provision and $56 million in net charge‑offs tied to two related C&I loans, initiated legal action to recover about $60 million, and posted EPS of $1.48 versus $1.63 in the prior quarter.