HBT Financial, Inc. reported a solid financial performance for the fiscal year ending December 31, 2025, with net income reaching $77.0 million, a 7.3% increase from $71.8 million in 2024. The company's total interest and dividend income rose to $255.8 million, up from $251.7 million the previous year, while total interest expense decreased to $56.9 million from $62.9 million, resulting in a net interest income of $198.9 million, a 5.3% increase compared to the prior year. The net interest margin improved to 4.13%, up from 3.96% in 2024, primarily due to lower funding costs and higher yields on debt securities.
In terms of strategic developments, HBT Financial completed the acquisition of Town and Country Financial Corporation on February 1, 2023, which added approximately $937.2 million in assets and expanded the company's footprint into metro-east St. Louis. Additionally, the company announced the acquisition of CNB Bank Shares, Inc., which is expected to close on March 1, 2026, further enhancing its market presence in central Illinois and the Chicago MSA. The total consideration for the CNB acquisition is approximately $182 million, consisting of 5.5 million shares of HBT Financial's common stock and $34 million in cash.
Operationally, HBT Financial's total assets increased to $5.1 billion as of December 31, 2025, with loans held for investment at $3.5 billion and total deposits at $4.4 billion. The company maintained a strong deposit market share, ranking in the top three in many of its central Illinois markets. The total number of full-service branch locations reached 66, with a focus on relationship-driven banking. The employee headcount stood at 826 full-time equivalents, reflecting a commitment to maintaining a skilled workforce.
The company’s outlook remains positive, with management emphasizing a disciplined growth strategy and a commitment to maintaining strong asset quality. HBT Financial plans to continue leveraging its market position through strategic acquisitions and organic growth, particularly in the Chicago MSA, where it sees significant opportunities. However, management also acknowledged potential risks, including economic conditions, interest rate fluctuations, and competition from both traditional banks and fintech companies, which could impact future performance.
About HBT Financial, Inc.
HBT Financial, Inc. is a bank holding company based in Illinois, operating through its subsidiary Heartland Bank. It provides a broad range of financial products and services, including deposit, lending, wealth management, and trust services to consumers, businesses, and municipal entities in Illinois and eastern Iowa. The company emphasizes community-focused banking, asset quality, and strategic growth through organic expansion and acquisitions.
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