HBT Financial (HBT) Q4 2025 earnings summary

Executive summary

• Achieved strong profitability in Q4 2025 with net income of $18.9M ($0.60/diluted share) and adjusted net income of $20.1M ($0.64/diluted share).

• Tangible book value per share rose to $17.20, up 3.4% sequentially and 16.2% year-over-year.

• Maintained resilient net interest margin (NIM) of 4.12% and strong asset quality with nonperforming assets at 0.17% of total assets.

• Deposit base remains highly granular and low-cost, with core deposits at 95.4% of total deposits.

• Announced pending acquisition of CNB Bank Shares, Inc., expected to close and integrate in late Q1 2026.

Financial highlights

• Net interest income for Q4 2025 was $50.5M, up 1.1% sequentially and 6.6% year-over-year.

• Net interest margin was 4.12%, down 1 bp sequentially but up 16 bps year-over-year.

• Noninterest income was $9.9M, flat sequentially but down 14.9% year-over-year due to lower MSR fair value adjustments.

• Noninterest expense was $33.1M, up 1.7% sequentially and 7.0% year-over-year, mainly due to acquisition-related costs and higher salaries/benefits.

• Total deposits up $12.1M in Q4 2025, excluding $50M moved off-balance sheet.

Outlook and guidance

• Loan volumes expected to dip in Q1 2026, then grow low-single digits for 2026.

• Modest NIM expansion anticipated in 2026, assuming two Fed rate cuts.

• Noninterest income projected to grow low-single digits; noninterest expense to rise ~3% to $32–$34M per quarter.

• Asset quality expected to remain solid, though some deterioration possible if the economy softens.

• CNB merger expected to enhance market presence and close late Q1 2026; integration on track.