HBT Financial, Inc.
- Open
- 32.17
- Day high
- 32.99
- Day low
- 31.96
- Prev close
- 31.99
- Volume
- 90K
- Mkt cap
- $1.2B
- P/E (TTM)
- 15.1
- EPS (TTM)
- $2.18
- P/B
- 1.6
- P/S
- 3.9
- Yield
- 2.67%
- Per share
- $0.88
- ▼Insiders net selling -$455K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions mixed (13F)
HBT Financial, Inc. (HBT) is a Financial Services company listed on NASDAQ. The stock is up 23% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
HBT Financial, Inc. (HBT) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
HBT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 27, 2026 | $0.62 | $0.68 | +9.7% | $67M | +0.9% |
| Mar 6, 2026 | — | $0.60 | — | $74M | — |
| Oct 20, 2025 | $0.62 | $0.65 | +4.8% | $60M | -2.4% |
| Jul 21, 2025 | $0.60 | $0.63 | +5.0% | $59M | -1.1% |
| Jan 22, 2025 | $0.58 | $0.62 | +6.9% | $58M | +6.1% |
| Oct 21, 2024 | $0.57 | $0.57 | +0.0% | $56M | -2.1% |
| Jul 22, 2024 | $0.56 | $0.57 | +1.8% | $57M | -0.5% |
| Jan 24, 2024 | $0.59 | $0.58 | -1.7% | $56M | -3.2% |
| Jul 24, 2023 | $0.60 | $0.55 | -8.3% | $58M | -1.4% |
| Jan 25, 2023 | $0.56 | $0.59 | +5.4% | $50M | +2.8% |
| Jul 25, 2022 | $0.43 | $0.49 | +14.0% | $43M | +1.2% |
| Jan 27, 2022 | $0.41 | $0.47 | +14.6% | $42M | +2.6% |
HBT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 30, 2026 | DRAKE FRED Ldirector, 10 percent owner, officer: Executive Chairman | Sell | 15,742 | $28.93 |
| Mar 17, 2026 | HORVATH LAWRENCE Jofficer: EVP & Chief Lending Officer | Sell | 5,000 | $26.60 |
| Mar 17, 2026 | BUSCH PATRICK Fdirector | Sell | 15,000 | $26.48 |
| Mar 11, 2026 | BURWELL ERIC Edirector | Buy | 4,000 | $26.24 |
| Feb 23, 2026 | DRAKE FRED Ldirector, 10 percent owner, officer: Executive Chairman | Sell | 2,258 | $28.60 |
| Feb 20, 2026 | DRAKE FRED Ldirector, 10 percent owner, officer: Executive Chairman | Sell | 2,000 | $28.74 |
| Mar 4, 2025 | ZURKAMER ANDREA Eofficer: EVP & Chief Risk Officer | Grant | 1,075 | — |
| Mar 4, 2025 | CARTER JAMES LANCEdirector, officer: President and CEO | Grant | 7,266 | — |
| Mar 4, 2025 | CARTER JAMES LANCEdirector, officer: President and CEO | Tax | 2,128 | $25.00 |
| Mar 4, 2025 | CARTER JAMES LANCEdirector, officer: President and CEO | Grant | 5,572 | — |
| Mar 4, 2025 | CARTER JAMES LANCEdirector, officer: President and CEO | Tax | 1,550 | $25.00 |
| Mar 4, 2025 | SCHEIRER MARK Wofficer: EVP & Chief Credit Officer | Tax | 654 | $25.00 |
| Mar 4, 2025 | DRAKE FRED Ldirector, 10 percent owner, officer: Executive Chairman | Tax | 2,692 | $25.00 |
| Mar 4, 2025 | DRAKE FRED Ldirector, 10 percent owner, officer: Executive Chairman | Grant | 2,800 | — |
| Mar 4, 2025 | DRAKE FRED Ldirector, 10 percent owner, officer: Executive Chairman | Tax | 1,794 | $25.00 |
Source: HBT SEC Form 4 filings, latest Apr 30, 2026. For informational purposes only — not investment advice.
See the full HBT insider & 13F page →HBT Financial, Inc. company profile
Overview
HBT Financial, Inc. (NASDAQ:HBT) is a regional bank holding company founded in 1920 and headquartered in Bloomington, Illinois. The company operates through its primary subsidiary, Heartland Bank and Trust Company, serving customers across Central and Northeastern Illinois and Eastern Iowa through 61 branch locations. Originally known as Heartland Bancorp, Inc., the company rebranded to HBT Financial in September 2019 and went public in October 2019. With over a century of banking experience, HBT Financial has established itself as a community-focused financial institution providing comprehensive banking and wealth management services to individuals, businesses, and municipal entities in its regional markets.
Business
HBT Financial operates as a traditional community bank within the regional banking sector, which serves as an intermediary between depositors and borrowers in specific geographic markets. The company's core business revolves around collecting deposits from customers and lending those funds to qualified borrowers, earning income from the interest rate spread between what it pays depositors and what it charges borrowers. The company's deposit products include noninterest-bearing demand deposits (checking accounts), interest-bearing transaction accounts, money market accounts, savings accounts, certificates of deposit, health savings accounts, and individual retirement accounts. These deposit accounts provide the funding base for the bank's lending operations while offering customers secure places to store and grow their money. On the lending side, HBT Financial offers a diverse portfolio of loan products. Commercial real estate loans for both owner-occupied and non-owner-occupied properties represent a significant portion of the loan portfolio, serving businesses that need financing for their facilities or investment properties. The bank also provides construction and land development loans for real estate projects, commercial and industrial loans for business operations and equipment, and agricultural and farmland loans reflecting the rural nature of its market area. Additionally, the bank offers residential mortgage loans for one-to-four family homes, along with municipal loans to local governments and various consumer loans. Beyond traditional banking, HBT Financial operates a wealth management division that provides financial planning services, trust and custodial services, investment management, corporate retirement plan consulting and administration, and retail brokerage services. The company also offers specialized services including farmland management, farmland sales, and crop insurance services, which align with the agricultural character of its market region. The bank has embraced digital banking technology, offering online and mobile banking platforms, digital payment services, and personal financial management tools to meet evolving customer expectations. HBT Financial also originates residential mortgage loans for sale in the secondary market, generating fee income from this activity.
Revenue model
HBT Financial generates revenue primarily through net interest income, which is the difference between interest earned on loans and investments and interest paid on deposits and borrowed funds. This traditional banking model depends on maintaining a positive interest rate spread while managing credit risk and interest rate risk. The bank's paying customers include individual consumers who maintain deposit accounts and take out loans, small to medium-sized businesses requiring commercial lending and banking services, agricultural customers needing farmland and equipment financing, and municipal entities requiring government banking services. The wealth management division serves affluent individuals, families, and businesses seeking investment and trust services. Fee-based income provides a secondary revenue stream through wealth management services, mortgage origination and sales, treasury management services for business customers, and various banking fees. The company also generates income from farmland management services and crop insurance, leveraging its expertise in the agricultural sector. Several factors influence HBT Financial's profitability margins. Interest rate environment significantly impacts net interest margins, with rising rates generally benefiting banks by allowing them to charge higher loan rates while deposit costs may lag. However, inverted yield curves or rapidly rising rates can compress margins if funding costs rise faster than loan yields. Credit quality directly affects profitability through loan loss provisions, with economic downturns potentially increasing charge-offs and reducing net income. Competition from larger regional banks, credit unions, and fintech companies can pressure both deposit pricing and loan rates, affecting margins. Regulatory compliance costs represent a significant expense for regional banks, with new regulations potentially increasing operational costs. Economic conditions in the bank's agricultural and small business markets directly impact loan demand and credit quality, while deposit competition and customer preferences for digital services influence funding costs and operational efficiency requirements.
Competitive moat
HBT Financial's competitive moat is moderate but geographically concentrated, typical of community banks serving rural and small metropolitan markets. The company's primary competitive advantage lies in its deep local market knowledge and established relationships built over more than a century of operation in Central and Northeastern Illinois and Eastern Iowa. This local expertise is particularly valuable in agricultural lending, where understanding local farming conditions, crop cycles, and agricultural economics provides an advantage over larger, more distant competitors. The bank's relationship-based banking model creates some customer stickiness, as business and individual customers often value personal service and local decision-making that larger banks may not provide. HBT Financial's agricultural specialization, including farmland management and crop insurance services, creates additional customer touchpoints and switching costs for agricultural customers. However, the company faces significant competitive pressures that limit the strength of its moat. Larger regional and national banks can offer more competitive pricing, broader product suites, and more advanced technology platforms. Credit unions often provide attractive deposit rates and loan terms while maintaining local presence. Fintech companies and digital-only banks increasingly compete for deposits and certain lending products, often offering higher yields or more convenient services. The bank's geographic concentration represents both a strength and vulnerability. While local market knowledge provides advantages, it also creates exposure to regional economic downturns, agricultural cycles, and demographic changes. The relatively small scale compared to larger regional banks limits economies of scale in technology investments and regulatory compliance costs. Additionally, the traditional banking model faces long-term disruption from digital financial services, potentially eroding the value of physical branch networks and personal relationships over time.
Risks & safety
HBT Financial demonstrates solid financial stability with adequate capital levels and manageable risk profile, though typical regional banking sector vulnerabilities exist. • Liquidity position: Strong cash position of $138 million and total current assets of $752 million as of Q4 2024, providing adequate liquidity buffers • Debt levels: Moderate debt-to-equity ratio of 0.19, indicating conservative leverage with manageable debt burden • Solvency risk: Low near-term solvency risk given positive cash flow from operations of $87 million in 2024 and consistent profitability • Valuation metrics: Trading at reasonable P/E ratio of 9.6x and price-to-book ratio of 1.27x, suggesting modest valuation relative to earnings and book value • Profitability: Consistent return on equity of 13.2% in 2024, demonstrating effective capital utilization • Asset quality: Total assets of $5.0 billion with loan portfolio requiring ongoing credit monitoring, particularly agricultural and commercial real estate exposure • Interest rate risk: Exposed to interest rate fluctuations affecting net interest margins, though current rate environment has been favorable • Regulatory capital: Appears adequately capitalized based on financial metrics, though specific regulatory ratios not detailed in available data
Recent development
Based on the financial data spanning 2022-2024, HBT Financial has demonstrated steady organic growth with revenue increasing from $180 million in 2022 to $252 million in 2024, representing a compound annual growth rate of approximately 18%. This growth reflects both expansion in the bank's core lending and deposit activities as well as benefits from the rising interest rate environment that has improved net interest margins. The company has maintained consistent profitability throughout this period, with net income growing from $56 million in 2022 to $72 million in 2024. Return on equity has remained strong, fluctuating between 13.2% and 14.9%, indicating effective management of shareholder capital. The bank has successfully managed through the challenging interest rate environment of recent years, with net interest margins benefiting from rising rates. Balance sheet expansion has been notable, with total assets growing from $4.3 billion in 2022 to $5.0 billion in 2024. This growth appears to be driven by both loan portfolio expansion and increased deposits, reflecting the bank's ability to attract new customers and expand relationships with existing clients. The company has maintained adequate liquidity positions throughout this growth period. The bank's digital banking initiatives continue to evolve, with ongoing investments in online and mobile banking platforms to meet changing customer preferences. While specific details of technology investments are not available in the financial data, the company's ability to maintain competitive positioning suggests continued focus on digital capabilities alongside its traditional relationship-based banking model.
HBT company profile · for informational purposes only — not investment advice.
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