H
HBT Financial, Inc.
Period
FY 2025
Revenue
—
Net Income
$77.01M
Total Assets
$5.07B
Equity
$615.50M
Shares Out
36.38M
Op. Cash Flow
$85.07M
Business
HBT Financial, Inc. is a bank holding company that operates Heartland Bank and Trust Company, providing deposit, lending, and wealth management services to consumers, businesses, and municipal entities across Illinois and eastern Iowa. The company offers a comprehensive suite of products including deposit accounts, commercial real estate loans, construction and agricultural lending, residential mortgages, trust and investment services, and farmland management. HBT Financial operates through 66 branch locations with a business strategy focused on community banking relationships, disciplined credit underwriting, and strategic acquisitions.
Summary from 10-K filed 2026-03-06
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Taxable | 212 | 210 | 191 | 120 | 104 | |
| Federally tax exempt | 5 | 5 | 4 | 3 | 2 | |
| Taxable | 31 | 26 | 26 | 23 | 17 | |
| Federally tax exempt | 2 | 2 | 4 | 5 | 4 | |
| Interest-bearing deposits in bank | 6 | 8 | 3 | 2 | 527,000 | |
| Other interest and dividend income | 547,000 | 662,000 | 811,000 | 229,000 | 64,000 | |
| Total interest and dividend income | 256 | 252 | 229 | 153 | 128 | |
| Deposits | 52 | 56 | 25 | 3 | 2 | |
| Securities sold under agreements to repurchase | 22,000 | 594,000 | 255,000 | 36,000 | 34,000 | |
| Borrowings | 203,000 | 480,000 | 7 | 967,000 | 9,000 | |
| Subordinated notes | 1 | 2 | 2 | 2 | 2 | |
| Junior subordinated debentures issued to capital trusts | 4 | 4 | 4 | 2 | 1 | |
| Total interest expense | 57 | 63 | 38 | 7 | — | |
| Net interest income | 199 | 189 | 191 | 146 | 122 | |
| PROVISION FOR CREDIT LOSSES | 3 | 3 | 8 | −706,000 | — | |
| Net interest income after provision for credit losses | 196 | 186 | 183 | 147 | 130 | |
| Mortgage servicing | 4 | 4 | 5 | 3 | 3 | |
| Mortgage servicing rights fair value adjustment | −2 | −174,000 | −2 | 2 | 2 | |
| Gains on sale of mortgage loans | 1 | 2 | 2 | 1 | 6 | |
| Realized gains (losses) on sales of securities | −200,000 | −4 | −2 | 0 | 0 | |
| Unrealized gains (losses) on equity securities | 7,000 | −59,000 | 160,000 | −414,000 | 107,000 | |
| Gains (losses) on foreclosed assets | 4,000 | 22,000 | 501,000 | −314,000 | 310,000 | |
| Gains (losses) on other assets | −85,000 | −635,000 | 166,000 | 136,000 | −723,000 | |
| Income on bank owned life insurance | 671,000 | 915,000 | 573,000 | 164,000 | 41,000 | |
| Other noninterest income | 3 | 3 | 3 | 2 | 3 | |
| Total noninterest income | 38 | 36 | 36 | 35 | 37 | |
| Salaries | 66 | 65 | 67 | 52 | 49 | |
| Employee benefits | 14 | 11 | 10 | 8 | 7 | |
| Occupancy of bank premises | 11 | 10 | 10 | 8 | 7 | |
| Furniture and equipment | 2 | 2 | 3 | 2 | 3 | |
| Data processing | 12 | 11 | 12 | 7 | 7 | |
| Marketing and customer relations | 4 | 4 | 5 | 4 | 3 | |
| Amortization of intangible assets | 3 | 3 | 3 | 873,000 | 1 | |
| Loss on extinguishment of debt | 391,000 | 0 | 0 | — | — | |
| FDIC insurance | 2 | 2 | 2 | 1 | 1 | |
| Loan collection and servicing | 1 | 2 | 1 | 1 | 1 | |
| Foreclosed assets | 169,000 | 109,000 | 251,000 | 293,000 | 908,000 | |
| Other noninterest expense | 14 | 13 | 17 | 20 | 11 | |
| Total noninterest expense | 129 | 124 | 131 | 105 | 91 | |
| INCOME BEFORE INCOME TAX EXPENSE | 105 | 97 | 89 | 76 | 77 | |
| INCOME TAX EXPENSE | 27 | 26 | 23 | 20 | 20 | |
| NET INCOME | 77 | 72 | 66 | 56 | 56 | |
| EARNINGS PER SHARE - BASIC (in dollars per share) | 2.44 | 2.27 | 2.08 | 1.95 | 2.02 | |
| EARNINGS PER SHARE - DILUTED (in dollars per share) | 2.44 | 2.26 | 2.07 | 1.95 | 2.02 | |
| WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING (in shares) | 32 | 32 | 32 | 29 | 28 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 24 | 30 | 26 | 19 | — | |
| Interest-bearing deposits with banks | 98 | 108 | 115 | 95 | — | |
| Cash and cash equivalents | 122 | 138 | 141 | 114 | — | |
| Debt securities available-for-sale, at fair value | 813 | 698 | 759 | 844 | — | |
| Debt securities held-to-maturity (fair value of $426,799 at 2025 and $445,186 at 2024) | 459 | 500 | 521 | 115 | 115 | |
| Equity securities with readily determinable fair value | 3 | 3 | 3 | 3 | — | |
| Equity securities with no readily determinable fair value | 3 | 3 | 3 | 2 | — | |
| Restricted stock, at cost | 5 | 5 | 7 | 8 | — | |
| Loans held for sale | 1 | 2 | 2 | 615,000 | — | |
| Loans, before allowance for credit losses | 3,456 | 3,466 | 3,404 | 2,620 | — | |
| Allowance for credit losses | −42 | −42 | −40 | −25 | — | |
| Loans, net of allowance for credit losses | 3,415 | 3,424 | 3,364 | 2,595 | — | |
| Bank owned life insurance | 25 | 24 | 24 | 8 | — | |
| Bank premises and equipment, net | 74 | 67 | 65 | 50 | — | |
| Bank premises held for sale | 0 | 317,000 | 0 | 200,000 | — | |
| Foreclosed assets | 1 | 367,000 | 852,000 | 3 | — | |
| Goodwill | 60 | 60 | 60 | 29 | — | |
| Intangible assets, net | 15 | 18 | 21 | 1 | — | |
| Mortgage servicing rights, at fair value | 17 | 19 | 19 | 10 | — | |
| Investments in unconsolidated subsidiaries | 2 | 2 | 2 | 1 | — | |
| Accrued interest receivable | 24 | 25 | 25 | 20 | — | |
| Other assets | 34 | 46 | 55 | 56 | — | |
| Total assets | 5,071 | 5,033 | 5,073 | 4,287 | — | |
| Noninterest-bearing | 1,049 | 1,046 | 1,072 | 995 | — | |
| Interest-bearing | 3,310 | 3,272 | 3,329 | 2,592 | — | |
| Total deposits | 4,359 | 4,318 | 4,401 | 3,587 | — | |
| Securities sold under agreements to repurchase | 0 | 29 | 42 | 43 | — | |
| Federal Home Loan Bank advances | 12 | 13 | 13 | 160 | — | |
| Subordinated notes | 0 | 40 | 39 | 39 | — | |
| Junior subordinated debentures issued to capital trusts | 53 | 53 | 53 | 38 | — | |
| Other liabilities | 31 | 35 | 35 | 46 | — | |
| Total liabilities | 4,456 | 4,488 | 4,584 | 3,913 | — | |
| COMMITMENTS AND CONTINGENCIES (Note 23) | — | — | — | — | — | |
| Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding | 0 | 0 | 0 | 0 | — | |
| Common stock, $0.01 par value; 125,000,000 shares authorized; shares issued of 32,899,104 at 2025 and 32,827,039 at 2024; shares outstanding of 31,431,924 at 2025 and 31,559,366 at 2024 | 329,000 | 328,000 | 327,000 | 293,000 | — | |
| Surplus | 299 | 297 | 296 | 223 | — | |
| Retained earnings | 367 | 317 | 269 | 232 | — | |
| Accumulated other comprehensive income (loss) | −23 | −47 | −57 | −72 | — | |
| Treasury stock at cost, 1,467,180 shares at 2025 and 1,267,673 at 2024 | −28 | −23 | −19 | −10 | — | |
| Total stockholders equity | 615 | 545 | 489 | 374 | — | |
| Total liabilities and stockholders equity | 5,071 | 5,033 | 5,073 | 4,287 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation expense | 3 | 3 | 3 | 3 | 3 | |
| Net amortization of debt securities | 2 | 4 | 6 | 7 | 7 | |
| Deferred income tax expense | 329,000 | 996,000 | 4 | −3 | 3 | |
| Stock-based compensation | 2 | 2 | 2 | 2 | 764,000 | |
| Net accretion of discount and deferred loan fees on loans | −7 | −7 | −7 | −5 | −12 | |
| Net loss (gain) on disposals of bank premises and equipment | 87,000 | 55,000 | −84,000 | −9,000 | 33,000 | |
| Net gain on sales of bank premises held for sale | −52,000 | 0 | −81,000 | −187,000 | 0 | |
| Impairment losses on bank premises held for sale | 50,000 | 580,000 | 0 | 60,000 | 661,000 | |
| Net gain on sales of foreclosed assets | −155,000 | −112,000 | −764,000 | −118,000 | −505,000 | |
| Write-down of foreclosed assets | 151,000 | 90,000 | 263,000 | 432,000 | 195,000 | |
| Amortization of discount and issuance costs on subordinated notes and debentures | 116,000 | 139,000 | 139,000 | 145,000 | 144,000 | |
| Amortization of discount on Federal Home Loan Bank advances | 158,000 | 401,000 | 379,000 | 0 | −105,000 | |
| Amortization of premium on time deposits | 0 | −108,000 | −400,000 | −188,000 | −81,000 | |
| Mortgage loans originated for sale | −49 | −63 | −70 | −56 | −180 | |
| Proceeds from sale of mortgage loans | 51 | 65 | 71 | 62 | 196 | |
| Increase in cash surrender value of bank owned life insurance | −671,000 | −668,000 | −566,000 | −164,000 | −41,000 | |
| Net gain on bank owned life insurance proceeds | 0 | −247,000 | 0 | 0 | — | |
| Decrease (increase) in accrued interest receivable | 991,000 | −236,000 | −2 | −5 | 240,000 | |
| Decrease in other assets | 645,000 | 3 | 2 | −8 | 2 | |
| Increase (decrease) in other liabilities | −3 | 2 | −20 | 22 | −18 | |
| Net cash provided by operating activities | 85 | 89 | 66 | 73 | 43 | |
| Proceeds from maturities of interest-bearing time deposits with banks | 0 | 520,000 | 249,000 | 485,000 | 245,000 | |
| Purchase of interest-bearing time deposits with banks | 0 | −11,000 | −509,000 | 0 | 0 | |
| Proceeds from sales of debt securities | 4 | 69 | 185 | 0 | — | |
| Proceeds from sales and redemptions of equity securities | 81,000 | 58,000 | 0 | 0 | — | |
| Proceeds from paydowns, maturities, and calls of debt securities | 186 | 126 | 103 | 154 | 213 | |
| Purchase of debt securities | −234 | −105 | −3 | −372 | −514 | |
| Purchase of equity securities | −64,000 | −196,000 | −397,000 | −51,000 | — | |
| Purchase of loans | −10 | −15 | −61 | 0 | 0 | |
| Net decrease (increase) in loans | 22 | −43 | −82 | −114 | −50 | |
| Purchase of restricted stock | 0 | 0 | −24 | −6 | −241,000 | |
| Proceeds from redemption of restricted stock | 107,000 | 2 | 27 | 925,000 | 796,000 | |
| Proceeds from bank owned life insurance | 0 | 831,000 | 0 | 0 | — | |
| Purchases of bank premises and equipment | −10 | −6 | −3 | −1 | −1 | |
| Proceeds from sales of bank premises and equipment | 76,000 | 2,000 | 222,000 | — | — | |
| Proceeds from sales of bank premises held for sale | 319,000 | 0 | 351,000 | 1 | 0 | |
| Proceeds from sales of foreclosed assets | 1 | 1 | 4 | 475,000 | 6 | |
| Net cash paid for acquisition of Town and Country | 0 | 0 | −14 | 0 | −5 | |
| Net cash provided by (used in) investing activities | −40 | 32 | 133 | −335 | −350 | |
| Net increase (decrease) in deposits | 41 | −83 | 94 | −151 | 426 | |
| Net decrease in repurchase agreements | −29 | −13 | −639,000 | −18 | 11 | |
| Net decrease in short-term Federal Home Loan Bank advances | 0 | 0 | −234 | — | — | |
| Proceeds from long-term Federal Home Loan Bank advances | 7 | 907,000 | 0 | 160 | — | |
| Repayment of long-term Federal Home Loan Bank advances | −8 | −700,000 | 0 | — | −13 | |
| Repayment of subordinated notes | −40 | 0 | 0 | — | — | |
| Taxes paid related to the vesting of restricted stock units | −691,000 | −331,000 | −181,000 | −57,000 | 0 | |
| Repurchase of common stock | −5 | −4 | −9 | −5 | −5 | |
| Cash dividends and dividend equivalents paid | −27 | −24 | −22 | −19 | −17 | |
| Net cash used in financing activities | −61 | −125 | −171 | −33 | 403 | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | −15 | −4 | 27 | −295 | 97 | |
| Cash paid for interest | 58 | 65 | 33 | 7 | 6 | |
| Federal | 18 | 16 | 14 | — | — | |
| Total | 27 | 24 | 21 | 20 | 21 | |
| Transfers of loans to foreclosed assets | 2 | 889,000 | 1 | 541,000 | 5 | |
| Transfers of bank premises and equipment to bank premises held for sale | 0 | 317,000 | 35,000 | 0 | 1 |
Filings
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Frequently asked questions
What is HBT Financial, Inc.'s CIK number?
HBT Financial, Inc.'s SEC CIK number is 0000775215 (775215). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find HBT Financial, Inc.'s SEC filings?
All of HBT Financial, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did HBT Financial, Inc. last report earnings?
HBT Financial, Inc. (HBT) most recently filed an earnings 8-K with the SEC on Apr 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000775215-26-000046). This is HBT Financial, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is HBT Financial, Inc.'s most recent earnings 8-K?
HBT Financial, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 27, 2026 under accession 0000775215-26-000046. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View HBT Financial, Inc.'s latest earnings 8-K →
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