HBT Financial, Inc. reported a net income of $19.8 million for the third quarter of 2025, reflecting an increase of 8.7% compared to $18.2 million in the same period last year. The company's total interest and dividend income rose slightly to $64.3 million, up from $64.1 million, while total interest expense decreased to $14.4 million from $16.4 million. This resulted in a net interest income of $50.0 million, an increase of 4.7% year-over-year. The net interest margin improved to 4.13%, up from 3.98% in the prior year, primarily due to lower funding costs and improved yields on debt securities.
In terms of overall financial performance, HBT Financial's total assets remained stable at $5.0 billion as of September 30, 2025, compared to $5.0 billion at the end of 2024. Total loans decreased by 1.9% to $3.4 billion, driven by early payoffs from property sales and refinancings. Total deposits increased by 0.7% to $4.3 billion, supported by a $45 million influx of wealth management customer reciprocal money market deposits. The company also announced a planned acquisition of CNB Bank Shares, Inc., which is expected to close in the first quarter of 2026, enhancing its market presence in central Illinois and the Chicago MSA.
Operationally, HBT Financial's loan portfolio showed a shift, with commercial real estate loans increasing while construction and land development loans decreased significantly. The allowance for credit losses stood at $41.9 million, representing 1.23% of total loans, indicating a stable credit quality despite the slight increase in nonperforming assets to $8.6 million from $8.0 million at the end of 2024. The company continues to monitor its credit risk closely, with a focus on maintaining a diversified loan portfolio.
Looking ahead, HBT Financial anticipates continued growth in net interest income and overall profitability, supported by its strategic initiatives and the expected benefits from the upcoming acquisition. The company remains vigilant regarding market conditions and potential economic fluctuations that could impact its operations and financial 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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