- HBT reported **net income of $19.8 million**, or **$0.63 per diluted share**, for Q3 2025, with an adjusted net income of **$20.5 million**, or **$0.65 per diluted share**.  **[0000775215_2191228:10]** 
- The company maintained a strong net interest margin of **4.13%** and a net interest margin (tax-equivalent basis) of **4.18%**, each down only 1 basis point compared to Q2 2025.  **[0000775215_2191228:10]** 
- Tangible book value per share increased **3.9% from June 30, 2025**, and **14.4% from September 30, 2024**.  **[0000775215_2191228:10]** 
- Asset quality remained exceptional, with nonperforming assets representing only **0.17% of total assets** at September 30, 2025, and net charge-offs at **0.02% of average loans** on an annualized basis during Q3 2025.  **[0000775215_2191228:10]** 
- For Q4 2025, HBT expects **low single-digit annualized loan growth**, relatively stable net interest income and net interest margin, slightly increased deposit balances, and noninterest expense (excluding acquisition expenses) between **$31 million and $33 million**.  **[0000775215_2191228:21]**

HBT Reports Strong Q3 2025 Earnings and Positive Outlook

- HBT Financial reported **net income of $19.8 million**, or **$0.63 per diluted share**, for the third quarter of 2025, an increase from $19.2 million, or $0.61 diluted EPS, in the second quarter of 2025.  **[775215_4835b8ba03d84826a0b3caae58f4410e_1]** 
- **Adjusted net income** for Q3 2025 reached **$20.5 million**, or **$0.65 per diluted share**, marking its highest quarterly adjusted diluted EPS since becoming a public company.  **[775215_4835b8ba03d84826a0b3caae58f4410e_1]** **[775215_4835b8ba03d84826a0b3caae58f4410e_2]** 
- The company maintained **strong asset quality** with nonperforming assets to total assets at **0.17%** and annualized net charge-offs to average loans at **0.02%** for the third quarter of 2025.  **[775215_4835b8ba03d84826a0b3caae58f4410e_0]** **[775215_4835b8ba03d84826a0b3caae58f4410e_1]** 
- Loan growth returned, with quarter-end loans increasing **6.2%** on an annualized basis to **$3.40 billion** at September 30, 2025, and total deposits reaching **$4.35 billion**.  **[775215_4835b8ba03d84826a0b3caae58f4410e_1]** **[775215_4835b8ba03d84826a0b3caae58f4410e_4]** **[775215_4835b8ba03d84826a0b3caae58f4410e_6]** 
- HBT Financial announced the signing of a definitive agreement to merge with **CNB Bank Shares, Inc.**.  **[775215_4835b8ba03d84826a0b3caae58f4410e_1]**

HBT Financial Announces Third Quarter 2025 Financial Results

- HBT Financial, Inc. reported **net income of $19.8 million**, or **$0.63 per diluted share**, and **adjusted net income of $20.5 million**, or **$0.65 per diluted share**, for the third quarter of 2025.  **[775215_0000775215-25-000043_hbt-20250930ex991.htm:0]** **[775215_0000775215-25-000043_hbt-20250930ex992.htm:5]** **[775215_0000775215-25-000043_hbt-20250930ex991.htm:17]** 
- The company announced a definitive agreement to **merge with CNB Bank Shares, Inc.** in a combined common stock/cash transaction valued at approximately **$170.2 million**.  **[775215_0000775215-25-000043_hbt-20250930ex991.htm:0]** **[775215_0000775215-25-000043_hbt-20250930ex993.htm:1]** **[775215_0000775215-25-000043_hbt-20250930ex994.htm:3]** 
- The merger is expected to close in the **first quarter of 2026** and will result in a combined company with approximately **$6.9 billion in total assets**, **$4.7 billion in total loans**, and **$5.9 billion in total deposits**.  **[775215_0000775215-25-000043_hbt-20250930ex993.htm:1]** **[775215_0000775215-25-000043_hbt-20250930ex994.htm:3]** 
- The transaction is anticipated to be **19% accretive to EPS** in the first full year with cost savings, with a manageable tangible book value dilution of 3.3% and an earnback period of less than 1 year.  **[775215_0000775215-25-000043_hbt-20250930ex994.htm:3]** 
- HBT maintained strong asset quality with nonperforming assets to total assets of **0.17%** and saw quarter-end loans increase **6.2% on an annualized basis** during Q3 2025.  **[775215_0000775215-25-000043_hbt-20250930ex991.htm:0]** **[775215_0000775215-25-000043_hbt-20250930ex992.htm:5]**

HBT Financial, Inc. Announces Q3 2025 Results and Merger Agreement with CNB Bank Shares, Inc.

- HBT Financial, Inc. announced a **merger with CNB Bank Shares, Inc.**, with the transaction expected to close in the **first quarter of 2026** subject to regulatory and CNBN shareholder approval.  **[0000775215_2191239:0]** **[0000775215_2191239:6]** 
- The transaction is valued at approximately **$170.2 million** in aggregate, or **$25.92 per share**.  **[0000775215_2191239:6]** 
- The merger is anticipated to be **19% accretive to EPS** in the first full year with cost savings, with an immediate **3.3% tangible book value dilution** at closing and an earnback period of less than 1 year using the crossover method.  **[0000775215_2191239:5]** **[0000775215_2191239:7]** 
- The combined entity will have pro forma assets of approximately **$6.9 billion**.  **[0000775215_2191239:5]** 
- CNB Bank Shares, Inc. brings **$1.5 billion in deposits** and contributes **$525 million of loans** from suburban southwestern Chicago branches and **$260 million of loans** from St. Louis metropolitan branches.  **[0000775215_2191239:5]** **[0000775215_2191239:8]**

HBT Financial (HBT)