Earnings summaries and quarterly performance for HBT Financial.
Executive leadership at HBT Financial.
J. Lance Carter
Detailed
President and Chief Executive Officer
CEO
AE
Andrea E. Zurkamer
Detailed
Executive Vice President and Chief Risk Officer
DH
Diane H. Lanier
Detailed
Executive Vice President and Chief Retail Officer
FL
Fred L. Drake
Detailed
Executive Chairman
LJ
Lawrence J. Horvath
Detailed
Executive Vice President and Chief Lending Officer
MW
Mark W. Scheirer
Detailed
Executive Vice President and Chief Credit Officer
PR
Peter R. Chapman
Detailed
Executive Vice President and Chief Financial Officer
Board of directors at HBT Financial.
Research analysts covering HBT Financial.
Recent press releases and 8-K filings for HBT.
HBT Financial, Inc. Provides Update on CNB Acquisition
HBT
M&A
- HBT Financial, Inc.'s proposed acquisition of CNB Bank Shares, Inc. received shareholder approval from CNB on January 26, 2026.
- As of January 30, 2026, all required regulatory approvals for the proposed transaction have been obtained.
- The merger is expected to close on or around February 27, 2026, subject to certain other customary closing conditions.
5 days ago
HBT Financial Reports Strong Q4 2025 Results and Provides 2026 Outlook
HBT
Earnings
Guidance Update
M&A
- HBT Financial reported strong performance for the year ended December 31, 2025, with an Adjusted Return on Average Assets of 1.58% and a Net Interest Margin (FTE) of 4.17%. The company maintained robust capital, evidenced by a CET1 Risk-Based Capital Ratio of 14.42% and Tangible Common Equity to Tangible Assets of 10.82%.
- Asset quality remained solid, with Net Charge-Offs to average loans at 0.07% and an Allowance for Credit Losses to loans of 1.21% as of December 31, 2025. HBT also maintained a strong, low-cost deposit franchise, with 95.4% core deposits and a cost of deposits of 1.19% for the year.
- The company reported $2.21 billion in total estimated sources of liquidity as of December 31, 2025, and a diversified loan portfolio totaling $3.46 billion.
- For 2026, HBT expects modest Net Interest Margin expansion and low-single digit growth in noninterest income. Noninterest expense is projected to be between $32 million and $34 million per quarter, up approximately 3% from 2025. The CNB merger is anticipated to close in late Q1 2026.
Jan 26, 2026, 2:30 PM
HBT Financial Announces Fourth Quarter 2025 Financial Results and Merger Update
HBT
Earnings
M&A
- HBT Financial reported net income of $18.9 million, or $0.60 diluted earnings per share, for the fourth quarter of 2025, compared to $19.8 million (or $0.63 diluted EPS) in Q3 2025 and $20.3 million (or $0.64 diluted EPS) in Q4 2024. Adjusted net income for Q4 2025 was $20.1 million, or $0.64 adjusted diluted earnings per share, compared to $20.5 million (or $0.65 adjusted diluted EPS) in Q3 2025 and $19.5 million (or $0.62 adjusted diluted EPS) in Q4 2024.
- The company maintained strong asset quality in Q4 2025, with nonperforming assets to total assets at 0.17% and net charge-offs to average loans at 0.10% on an annualized basis.
- Loans increased by $56.2 million, or 6.6% on an annualized basis, during Q4 2025 to $3.46 billion, and deposits also increased to $4.36 billion. Tangible book value per share grew to $17.20 at December 31, 2025, representing a 16.2% increase over the past year.
- The proposed merger with CNB Bank Shares, Inc. is progressing, with anticipated closing and core system conversion expected in the first quarter of 2026.
Jan 26, 2026, 12:05 PM
HBT Financial, Inc. announces Fourth Quarter 2025 Financial Results and Merger Update
HBT
Earnings
M&A
Share Buyback
- HBT Financial, Inc. reported net income of $18.9 million, or $0.60 per diluted share, and adjusted net income of $20.1 million, or $0.64 per diluted share, for the fourth quarter of 2025.
- The company maintained strong asset quality, with nonperforming assets to total assets remaining stable at 0.17% and net charge-offs to average loans at 0.10% on an annualized basis for Q4 2025.
- Tangible book value per share increased to $17.20 at December 31, 2025, reflecting a 16.2% increase over the past year.
- The merger with CNB Bank Shares, Inc. is anticipated to close and complete core system conversion in the first quarter of 2026.
- A new stock repurchase program authorizes the company to repurchase up to $30.0 million of its common stock until January 1, 2027.
Jan 26, 2026, 12:00 PM
HBT Reports Strong Q3 2025 Earnings and Positive Outlook
HBT
Earnings
Guidance Update
- 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.
- 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.
- Tangible book value per share increased 3.9% from June 30, 2025, and 14.4% from September 30, 2024.
- 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.
- 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.
Oct 20, 2025, 1:30 PM
HBT Financial Announces Third Quarter 2025 Financial Results
HBT
Earnings
M&A
- 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.
- 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.
- 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.
- 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.
- HBT Financial announced the signing of a definitive agreement to merge with CNB Bank Shares, Inc..
Oct 20, 2025, 11:05 AM
HBT Financial, Inc. Announces Q3 2025 Results and Merger Agreement with CNB Bank Shares, Inc.
HBT
Earnings
M&A
- 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.
- 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.
- 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.
- 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.
- 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.
Oct 20, 2025, 11:00 AM
HBT Financial Announces Merger with CNB Bank Shares, Inc.
HBT
M&A
- 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.
- The transaction is valued at approximately $170.2 million in aggregate, or $25.92 per share.
- 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.
- The combined entity will have pro forma assets of approximately $6.9 billion.
- 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.
Oct 20, 2025, 11:00 AM
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