HBT Financial, Inc. logo

HBT Financial, Inc.

HBT

NASDAQFinancial ServicesBanks - Regional

Previous close

$35.75

+$0.29 · +0.82%

Aug 21, 4:00 PM ET

HBT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

65

Undervalued

Momentum

57

Neutral

Sentiment

48

Mixed

Risk resilience

79

Moderate Risk

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Company profile

Company website

HBT Financial, Inc. operates as the bank holding company for Heartland Bank and Trust Company, offering a comprehensive suite of financial products and services. They cater to a diverse client base, including individuals, businesses, and municipal entities, providing retail, commercial, and business banking solutions. Their deposit offerings encompass a variety of options, such as non-interest and interest-bearing demand accounts, money market accounts, savings accounts, certificates of deposit (CDs), health savings accounts (HSAs), and individual retirement accounts (IRAs). The company's extensive lending portfolio spans commercial real estate (both owner-occupied and investment properties), construction and land development, multi-family housing, commercial and industrial (C&I) loans, agricultural and farmland financing, and one-to-four family residential mortgages, as well as municipal and consumer loans. Beyond traditional banking, HBT Financial also provides robust wealth management services. These include financial planning for consumers, trusts, and estates; trustee and custodial responsibilities; investment management; corporate retirement plan consulting and administration; and retail brokerage. Further extending its offerings, the company provides specialized services like farmland management, sales, and crop insurance, in addition to treasury management solutions. It also originates residential mortgage loans and subsequently sells them. Modern digital banking solutions are readily available, encompassing online and mobile banking platforms, various digital payment services, and personal financial management tools. The company maintains an extensive branch network, with 57 locations situated across Central and Northeastern Illinois, complemented by four branches in Eastern Iowa. Established in 1920, HBT Financial, Inc. was originally known as Heartland Bancorp, Inc., before adopting its current name in September 2019. The company's headquarters are located in Bloomington, Illinois.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
US
CEO
J. Lance Carter
Listed since
Oct 11, 2019
Employees
826

Market position

Day range

Current $35.75

52-week range

Current $35.75

Open
$35.57
Previous close
$35.46
Volume
128.42K
0.91× average
Average volume
140.98K
Average daily volume
Market cap
1.3B USD
Beta
0.51
Market reference 1
50-day average
$33.5058
+6.70% above average
200-day average
$28.5671
+25.14% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
853.37M USD
P/E (TTM)
15.28×
P/B (TTM)
1.7×
P/S (TTM)
3.92×
EV / EBITDA
7.79×
Earnings yield
9.48%
Free cash flow yield
9.21%
Dividend yield
2.57%

Profitability & efficiency

Gross margin
80.60%
Operating margin
31.83%
Net margin
23.46%
Return on equity
12.51%
Return on assets
1.52%
Return on invested capital
-3.81%

Financial health

Debt / equity
0.2×
Current ratio
0.28×
Altman Z-score
-0.41
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends109%78%48%17%Gross margin, FY2021: 101.37%Gross margin, FY2022: 96.53%Gross margin, FY2023: 82.74%Gross margin, FY2024: 76.90%Gross margin, FY2025: 80.03%Operating margin, FY2021: 46.62%Operating margin, FY2022: 40.80%Operating margin, FY2023: 33.60%Operating margin, FY2024: 34.14%Operating margin, FY2025: 35.63%Net margin, FY2021: 34.26%Net margin, FY2022: 30.24%Net margin, FY2023: 24.97%Net margin, FY2024: 25.17%Net margin, FY2025: 26.25%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 101.37%. Gross margin FY2022 96.53%. Gross margin FY2023 82.74%. Gross margin FY2024 76.90%. Gross margin FY2025 80.03%. Operating margin FY2021 46.62%. Operating margin FY2022 40.80%. Operating margin FY2023 33.60%. Operating margin FY2024 34.14%. Operating margin FY2025 35.63%. Net margin FY2021 34.26%. Net margin FY2022 30.24%. Net margin FY2023 24.97%. Net margin FY2024 25.17%. Net margin FY2025 26.25%.

Income trends

Revenue

293.33M USD+2.84%

Operating income

104.51M USD+7.31%

Net income

77.01M USD+7.28%
Income trends across reported periods317.03M USD222.21M USD127.39M USD32.57M USDRevenue, FY2021: 164.23M USDRevenue, FY2022: 186.72M USDRevenue, FY2023: 263.64M USDRevenue, FY2024: 285.22M USDRevenue, FY2025: 293.33M USDOperating income, FY2021: 76.56M USDOperating income, FY2022: 76.19M USDOperating income, FY2023: 88.58M USDOperating income, FY2024: 97.38M USDOperating income, FY2025: 104.51M USDNet income, FY2021: 56.27M USDNet income, FY2022: 56.46M USDNet income, FY2023: 65.84M USDNet income, FY2024: 71.78M USDNet income, FY2025: 77.01M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 164.23M USD. Revenue FY2022 186.72M USD. Revenue FY2023 263.64M USD. Revenue FY2024 285.22M USD. Revenue FY2025 293.33M USD. Operating income FY2021 76.56M USD. Operating income FY2022 76.19M USD. Operating income FY2023 88.58M USD. Operating income FY2024 97.38M USD. Operating income FY2025 104.51M USD. Net income FY2021 56.27M USD. Net income FY2022 56.46M USD. Net income FY2023 65.84M USD. Net income FY2024 71.78M USD. Net income FY2025 77.01M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue293.33M USD285.22M USD263.64M USD186.72M USD164.23M USD
Cost of goods sold58.59M USD65.88M USD45.5M USD6.47M USD−2.26M USD
Gross profit234.74M USD219.33M USD218.14M USD180.25M USD166.49M USD
Selling, general, and administrative93.84M USD83.02M USD84.81M USD65.06M USD59.9M USD
Operating expenses130.23M USD121.95M USD129.56M USD104.06M USD89.93M USD
Interest income255.78M USD251.7M USD229M USD153.05M USD128.22M USD
Interest expense56.89M USD62.85M USD37.93M USD7.18M USD5.82M USD
Depreciation and amortization5.07M USD5.78M USD5.78M USD3.92M USD4.13M USD
Operating income104.51M USD97.38M USD88.58M USD76.19M USD76.56M USD
Net income77.01M USD71.78M USD65.84M USD56.46M USD56.27M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 1 miss, 2 met estimates
Average EPS surprise
+3.95%
11 comparable reports
Latest EPS result
0.78
Estimate 0.73 · Beat by 6.27%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.820.720.630.53Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MetQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 22, 2025: actual 0.62, estimate 0.58, surprise +6.90%, Beat. Q2 2025, reported Apr 21, 2025: actual 0.61, estimate 0.57, surprise +7.02%, Beat. Q3 2025, reported Jul 21, 2025: actual 0.63, estimate 0.6, surprise +5.00%, Beat. Q4 2025, reported Oct 20, 2025: actual 0.65, estimate 0.62, surprise +4.84%, Beat. Q1 2026, reported Jan 26, 2026: actual 0.64, estimate 0.64, surprise 0.00%, Met estimate. Q2 2026, reported Apr 27, 2026: actual 0.68, estimate 0.62, surprise +9.68%, Beat. Q3 2026, reported Jul 27, 2026: actual 0.78, estimate 0.734, surprise +6.27%, Beat. Q4 2026, reported Oct 26, 2026: actual —, estimate 0.78, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates86.18M74.68M63.18M51.69MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 22, 2025: actual 58.38M USD, estimate 55M USD, surprise +6.14%, Beat. Q2 2025, reported Apr 21, 2025: actual 57.63M USD, estimate 58.9M USD, surprise -2.15%, Miss. Q3 2025, reported Jul 21, 2025: actual 58.8M USD, estimate 59.45M USD, surprise -1.09%, Miss. Q4 2025, reported Oct 20, 2025: actual 59.57M USD, estimate 61.02M USD, surprise -2.37%, Miss. Q1 2026, reported Jan 26, 2026: actual 60.44M USD, estimate 61M USD, surprise -0.92%, Miss. Q2 2026, reported Apr 27, 2026: actual 67.33M USD, estimate 66.75M USD, surprise +0.87%, Beat. Q3 2026, reported Jul 27, 2026: actual 80.9M USD, estimate 80.36M USD, surprise +0.67%, Beat. Q4 2026, reported Oct 26, 2026: actual —, estimate 82.87M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$38.00

6.29% upside
Past 12 months12-month forecastHigh $44.00Average $38.00Low $32.00

Rating distribution

6 ratings
Strong buy00%
Buy350%
Hold233%
Sell117%
Strong sell00%

Recent analyst actions

6 institutions
Hovde GroupupgradeMarket PerformOutperform

HBT news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.84

2025 complete year+40.0% since 2021

2026 partial: $0.71

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 11, 2026

$0.25

Quarterly

Record Aug 11, 2026 · Payment Aug 18, 2026

Dividend

Ex-dividend May 12, 2026

$0.23

Quarterly

Record May 12, 2026 · Payment May 19, 2026

Dividend

Ex-dividend Feb 9, 2026

$0.23

Quarterly

Record Feb 9, 2026 · Payment Feb 17, 2026

Dividend

Ex-dividend Nov 3, 2025

$0.21

Quarterly

Record Nov 3, 2025 · Payment Nov 10, 2025

Dividend

Ex-dividend Aug 5, 2025

$0.21

Quarterly

Record Aug 5, 2025 · Payment Aug 12, 2025

Dividend

Ex-dividend May 6, 2025

$0.21

Quarterly

Record May 6, 2025 · Payment May 13, 2025

HBT peers

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