HBT Financial Inc. (NASDAQ:HBT) reported second-quarter results that exceeded Wall Street expectations on both earnings and revenue, as the regional bank benefited from stronger net interest income and its recent acquisition of CNB Bank Shares.
The company posted adjusted earnings per share of $0.78, ahead of analysts’ consensus estimate of $0.73. Revenue reached $80.89 million, surpassing expectations of $80.36 million.
Shares were little changed in after-hours trading following the earnings announcement.
Acquisition drives revenue and profit growth
Total revenue climbed 39.1% year over year from $49.7 million in the second quarter of 2025.
Net income increased to $27.8 million, or $0.76 per diluted share, compared with $19.2 million, or $0.61 per diluted share, a year earlier. On an adjusted basis, net income totaled $28.5 million.
The quarter marked the company’s first full reporting period since completing its acquisition of CNB Bank Shares, Inc. and its banking subsidiary on March 1, 2026.
Net interest margin continues to expand
HBT Financial’s tax-equivalent net interest margin improved by 13 basis points from the previous quarter to 4.38%.
The increase was supported by higher loan accretion income, the repricing of fixed-rate loans and the reinvestment of securities cash flows at higher interest rates.
Net interest income rose 22.5% quarter over quarter to $69.1 million, compared with $56.4 million in the first quarter of 2026.
“Our first full quarter after the closing of our acquisition of CNB Bank Shares, Inc. and its wholly owned subsidiary, CNB Bank & Trust, N.A. delivered strong results,” said J. Lance Carter, President and CEO of HBT Financial.
Credit quality remains solid as dividend increases
The bank continued to report strong asset quality, with nonperforming assets representing just 0.15% of total assets.
Net recoveries equated to 0.01% of average loans on an annualized basis, while the allowance for credit losses stood at 1.27% of total loans.
HBT Financial’s board of directors also approved a higher quarterly cash dividend of $0.25 per share, an increase of $0.02 from the previous payout. The dividend is scheduled to be paid on August 18, 2026.
HBT Financial stock price
