HBT Financial, Inc. Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| (dollars in thousands) | 2025 | 2024 | 2023 | ||||||||||||||
| Numerator: | |||||||||||||||||
| Net income | $ | 77,008 | $ | 71,780 | $ | 65,842 | |||||||||||
| Earnings allocated to participating securities | — | — | (36) | ||||||||||||||
| Numerator for earnings per share - basic and diluted | $ | 77,008 | $ | 71,780 | $ | 65,806 | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted average common shares outstanding | 31,502,351 | 31,590,117 | 31,626,308 | ||||||||||||||
| Dilutive effect of outstanding restricted stock units | 108,953 | 122,363 | 111,839 | ||||||||||||||
| Weighted average common shares outstanding, including all dilutive potential shares | 31,611,304 | 31,712,480 | 31,738,147 | ||||||||||||||
| Earnings per share - basic | $ | 2.44 | $ | 2.27 | $ | 2.08 | |||||||||||
| Earnings per share - diluted | $ | 2.44 | $ | 2.26 | $ | 2.07 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 6, 2026 | Showing above |
| 2024 | Mar 7, 2025 | |
| 2023 | Mar 6, 2024 | |
| 2022 | Mar 8, 2023 | |
| 2021 | Mar 11, 2022 | |
| 2020 | Mar 12, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.