HBT Financial delivers double-digit quarterly profit growth

• HBT Financial reported third-quarter 2026 net income of $31.4 million, up from $27.8 million in the previous quarter, with diluted earnings per share increasing to $0.86 from $0.76.
• Net interest income rose 1.8% sequentially to $70.3 million, while net interest margin expanded to 4.35% and noninterest income increased 20.2% to $14.2 million.
• HBT expects its acquisition of Tri-County Financial Group to close early in the first quarter of 2027, subject to shareholder and regulatory approvals, as it reported $4.78 billion in loans and $5.75 billion in deposits.

HBT Financial (NASDAQ:HBT) reported third-quarter 2026 net income of $31.4 million, compared with $27.8 million in the preceding quarter, while diluted earnings per share increased to $0.86 from $0.76.

Diluted earnings rose from $0.63 per share a year earlier, supported by higher lending income and stronger noninterest revenue following the company's recent expansion.

Net interest income increased 1.8% sequentially to $70.3 million, while net interest margin expanded three basis points to 4.35%, reflecting improved loan yields and higher average loan balances.

Noninterest income climbed 20.2% from the second quarter to $14.2 million, while noninterest expenses increased 0.5% to $42.7 million.

HBT expects to complete its acquisition of Tri-County Financial Group early in the first quarter of 2027, subject to Tri-County shareholder approval and required regulatory clearances.

Total loans reached $4.78 billion, while deposits decreased $5.6 million sequentially to $5.75 billion and nonperforming assets increased to $10.8 million, representing 0.16% of total assets.

Tangible book value per share declined $0.26 to $17.34, primarily reflecting increased unrealized losses on available-for-sale securities, while HBT maintained capital ratios above regulatory requirements.