HBT Financial, Inc. Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 net income $31.4 million, or $0.86 diluted EPS, up from $27.8 million sequentially
- ➤Net interest margin 4.35%, up three basis points from the second quarter
- ➤Net interest income $70.3 million, increasing 1.8% sequentially and 40.7% year over year
- ➤Tri-County Financial acquisition expected to close early Q1 2027, pending approvals
- ➤Nonperforming assets 0.16% of total assets; net recoveries reached 0.04% of average loans
Expert Statements
J. Lance Carter, President and Chief Executive Officer of HBT Financial
“Our third quarter results were very strong with adjusted net income((1)) of $31.4 million, or $0.86 per diluted share, an increase of 10.1% over the prior quarter.”
J. Lance Carter, President and Chief Executive Officer of HBT Financial
“Profitability also remained strong with adjusted ROAA((1)) of 1.85% and adjusted ROATCE((1)) of 19.29%.”
J. Lance Carter, President and Chief Executive Officer of HBT Financial
“Our net interest margin on a tax equivalent basis((1)) was 4.40%, an increase of 2 basis points compared to the second quarter of 2026, as maturing fixed-rate loans repriced higher and securities cash flows were reinvested at higher rates, slightly offset by a higher cost of funds and lower loan accretion income.”
J. Lance Carter, President and Chief Executive Officer of HBT Financial
“Noninterest income was above expectations, aided by wealth management, seasonally higher mortgage income, and a nonrecurring $0.4 million excise tax refund.”
J. Lance Carter, President and Chief Executive Officer of HBT Financial
“Expenses were well controlled during the quarter, with an efficiency ratio on a tax equivalent basis((1)) of 48.24%.”
J. Lance Carter, President and Chief Executive Officer of HBT Financial
“Asset quality also remains exceptional, with nonperforming assets to total assets of 0.16%, and net recoveries to average loans of 0.04%, on an annualized basis, during the quarter.”
J. Lance Carter, President and Chief Executive Officer of HBT Financial
“Finally, our balance sheet remains strong with all regulatory capital ratios increasing during the quarter, including a common equity tier 1 capital ratio of 12.94% and total capital to risk-weighted assets ratio of 16.48%.”
J. Lance Carter, President and Chief Executive Officer of HBT Financial
“Integration planning for the acquisition of Tri-County Financial Group, Inc. is progressing well, and we anticipate this transaction closing early in the first quarter of 2027, subject to their stockholder approval and regulatory approvals.”
J. Lance Carter, President and Chief Executive Officer of HBT Financial
“We have been very impressed with their people and overall organization, and we are looking forward to a successful closing.”
Third Quarter Highlights * Net income of $31.4 million, or $0.86 per diluted share; return on average assets (“ROAA”) of 1.85%; return on average stockholders' equity (“ROAE”) of 16.17%; and return on average tangible common equity (“ROATCE”)((1)) of 19.27% * Adjusted net income((1)) of $31.4 million, or $0.86 per diluted share; adjusted ROAA((1)) of 1.85%; adjusted ROAE((1)) of 16.18%; and adjusted ROATCE((1)) of 19.29% * Asset quality remains strong, with nonperforming assets to total assets of 0.16% and net recoveries to average loans of 0.04%, on an annualized basis * Net interest margin increased 3 basis points to 4.35%, and net interest margin (tax-equivalent basis)((1)) increased 2 basis points to 4.40% BLOOMINGTON Ill., Oct. 26, 2026 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) (the “Company”, “HBT Financial” or “HBT”), the holding company for Heartland Bank and Trust Company, today reported net income of $31.4 million, or $0.86 diluted earnings per share, for the third quarter of 2026. This compares to net income of $27.8 million, or $0.76 diluted earnings per share, for the second quarter of 2026, and net income of $19.8 million, or $0.63 diluted earnings per share, for the third quarter of 2025.
Get started
Create a free account to read the full story.