HBT Financial, Inc. (HBT)

In Q3 2025, HBT Financial reported net income of $19.8 million and announced a merger agreement with CNB Bank Shares. A new stock repurchase program of up to $30 million was authorized in December 2025. Q4 2025 saw a net income of $18.9 million, with increases in loans and deposits. HBT Financial was ranked #1 on Forbes' 2026 America's Best Banks list. The merger with CNB Bank Shares, Inc. was completed in March 2026, expanding the company's footprint. $85 million in Subordinated Notes were issued in March 2026 for general corporate purposes. Michael J. Morton was appointed to the Board of Directors in March 2026. Over the last 12 months, the stock's price has increased by 29.80%.

HBT Financial, Inc. experiences demand seasonality related to its agricultural and wealth management services. There is a seasonal decrease in farm management income and seasonally higher line utilization for grain elevator lines of credit within the commercial and industrial segment, both observed in the first quarter of 2025.

HBT Financial, Inc. is a financial holding company based in Bloomington, Illinois, operating in the financial services sector through Heartland Bank and Trust Company, and State Bank of Lincoln. It provides financial products and services to consumers, businesses, and municipal entities, including deposit services, lending products, wealth management and trust services, and other services like digital banking and corporate retirement plan consulting.

HBT Financial, Inc. has a significant market presence across Illinois and eastern Iowa. The company has strategically expanded its footprint, including into the Chicago metropolitan area, central Illinois, Springfield, Decatur, Jacksonville, Quincy, and suburban St. Louis. As of December 31, 2025, HBT Financial operated through 66 full-service branches, expanding to 83 full-service branches across Illinois, eastern Iowa, and suburban St. Louis following a merger in March 2026.

HBT Financial, Inc. was ranked #1 on Forbes' 17th annual America's Best Banks List in February 2026. This recognition was based on an analysis of growth, credit quality, profitability, and stock performance.

HBT Financial, Inc.'s ownership includes founding-family stakes and growing institutional holdings. The Drake family retains significant influence, having founded the bank in 1920. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Dimensional Fund Advisors Lp, LPL Financial LLC, Geode Capital Management, Llc, State Street Corp, American Century Companies Inc, Royce & Associates Lp, Adage Capital Partners Gp, L.l.c., and Siena Capital Partners GP, LLC.