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HBT Financial (HBT Financial) Effective Interest Rate on Debt % : 30.58% (As of Dec. 2023)


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What is HBT Financial Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. HBT Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $57.3 Mil. HBT Financial's average total debt for the quarter that ended in Dec. 2023 was $187.4 Mil. Therefore, HBT Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 30.58%.


HBT Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for HBT Financial's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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HBT Financial Effective Interest Rate on Debt % Chart

HBT Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 26.46 11.29 7.56 4.57 22.18

HBT Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.77 14.45 15.95 30.58 58.21

Competitive Comparison of HBT Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, HBT Financial's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HBT Financial's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, HBT Financial's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where HBT Financial's Effective Interest Rate on Debt % falls into.



HBT Financial Effective Interest Rate on Debt % Calculation

HBT Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -37.927/( (237.175+104.886)/ 2 )
=-1  *  -37.927/171.0305
=22.18 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=237.175 + 0
=237.175

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=104.886 + 0
=104.886

HBT Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -57.308/( (269.878+104.886)/ 2 )
=-1  *  -57.308/187.382
=30.58 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=269.878 + 0
=269.878

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=104.886 + 0
=104.886

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


HBT Financial  (NAS:HBT) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


HBT Financial Effective Interest Rate on Debt % Related Terms

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HBT Financial (HBT Financial) Business Description

Industry
Traded in Other Exchanges
N/A
Address
401 North Hershey Road, Bloomington, IL, USA, 61704
HBT Financial Inc provides a comprehensive suite of business, commercial, wealth management and retail banking products and services to individuals, businesses, and municipal entities throughout Central and Northeastern Illinois and Eastern Iowa. It operates through one reportable segment: community banking.
Executives
Patrick F Busch director, officer: EVP & Chief Lending Officer 401 N. HERSHEY ROAD, BLOOMINGTON IL 61702
Roger A Baker director 401 NORTH HERSHEY ROAD, BLOOMINGTON IL 61704
Eric E Burwell director 401 N. HERSHEY ROAD, BLOOMINGTON IL 61702
Linda J. Koch director 401 NORTH HERSHEY ROAD, BLOOMINGTON IL 61704
Peter Robert Chapman officer: EXECUTIVE VICE PRESIDENT C/O GREAT WESTERN BANCORP, INC., 100 NORTH PHILLIPS AVE., SIOUX FALLS SD 57104
Fred L Drake director, 10 percent owner, officer: Chief Executive Officer 401 N. HERSHEY ROAD, BLOOMINGTON IL 61702
Diane H Lanier officer: EVP and Chief Retail Officer 401 N. HERSEY ROAD, BLOOMINGTON IL 61702
Gerald E Pfeiffer director 401 N. HERSHEY ROAD, BLOOMINGTON IL 61702
James Lance Carter director, officer: See Remarks 401 N. HERSHEY ROAD, BLOOMINGTON IL 61702
Andrea E Zurkamer officer: SVP & Chief Risk Officer 401 N. HERSEY ROAD, BLOOMINGTON IL 61702
C. Alvin Bowman director 401 N. HERSHEY ROAD, BLOOMINGTON IL 61702
Dale S Strassheim director 401 N. HERSHEY ROAD, BLOOMINGTON IL 61702
Matthew J Doherty officer: EVP & Chief Financial Officer 401 N. HERSEY ROAD, BLOOMINGTON IL 61702
Lawrence J Horvath officer: See Remarks 401 N. HERSEY ROAD, BLOOMINGTON IL 61702
Larry J Kallembach officer: See Remarks 401 N. HERSEY ROAD, BLOOMINGTON IL 61702