HBT Financial, Inc. Set to Join Russell 3000 Index
December 03 2019 - 4:05PM
HBT Financial, Inc. (NASDAQ: HBT) (the “Company”), the holding
company for Heartland Bank and Trust Company and State Bank of
Lincoln, today announced that it will be added as a member of the
broad-market Russell 3000® Index, effective December 23, 2019,
according to a preliminary list of additions posted by FTSE Russell
on November 29, 2019.
The Russell US indexes are comprised of the 4,000 largest US
stocks, ranked by total market capitalization. Membership in the US
all-cap Russell 3000® Index means automatic inclusion in the
large-cap Russell 1000® Index or small-cap Russell
2000® Index, as well as the appropriate growth and value style
indexes. FTSE Russell determines membership for its Russell indexes
by objective, market-capitalization rankings and style
attributes.
“We are very pleased to be added to the Russell indexes,” said
Fred L. Drake, Chairman and Chief Executive Officer of HBT
Financial. “The Russell indexes are widely followed within the
investment community, and we look forward to the increased
liquidity in our stock and greater exposure to institutional
investors that we will have as part of the indexes.”
The Russell US Indexes are widely used by investment managers
and institutional investors for passive funds and investment
products and as benchmarks for active investment strategies.
Approximately $9 trillion in assets are benchmarked against Russell
US Indexes. Russell US Indexes are part of FTSE Russell’s suite of
index offerings.
More information on the Russell 3000® Index can be found on the
FTSE Russell website.
About HBT Financial, Inc.
HBT Financial, Inc. is headquartered in Bloomington, Illinois
and is the holding company for Heartland Bank and Trust Company and
State Bank of Lincoln. The banks provide a comprehensive suite of
business, commercial, wealth management and retail banking
products and services to businesses, families and local governments
throughout Central and Northeastern Illinois through 64 branches.
As of September 30, 2019, HBT had total assets of $3.2 billion,
total loans of $2.2 billion, and total deposits of $2.7 billion.
HBT is a longstanding Central Illinois company, with banking roots
that can be traced back nearly 100 years.
Forward-Looking Statements
Readers should note that in addition to the historical
information contained herein, this press release includes
"forward-looking statements" within the meanings of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including but not
limited to statements about the Company’s plans, objectives, future
performance, goals and future earnings levels. These statements are
subject to many risks and uncertainties, including changes in
interest rates and other general economic, business and political
conditions, including changes in the financial markets; changes in
business plans as circumstances warrant; risks relating to
acquisitions; and other risks detailed from time to time in filings
made by the Company with the Securities and Exchange Commission.
Readers should note that the forward-looking statements included in
this press release are not a guarantee of future events, and that
actual events may differ materially from those made in or suggested
by the forward-looking statements. Forward-looking statements
generally can be identified by the use of forward-looking
terminology such as "will," "propose," "may," "plan," "seek,"
"expect," "intend," "estimate," "anticipate," "believe" or
"continue," or similar terminology. Any forward-looking statements
presented herein are made only as of the date of this press
release, and the Company does not undertake any obligation to
update or revise any forward-looking statements to reflect changes
in assumptions, the occurrence of unanticipated events, or
otherwise.
CONTACT:Matthew KeatingHBTIR@hbtbank.com(310)
622-8230
HBT Financial (NASDAQ:HBT)
Historical Stock Chart
From May 2024 to Jun 2024
HBT Financial (NASDAQ:HBT)
Historical Stock Chart
From Jun 2023 to Jun 2024