Quarterly ResultAug 7, 2026, 04:14 PM
HBT Financial Q2 Net Income $27.8M, EPS $0.77; CNB Acquisition Drives Growth
AI Summary
HBT Financial, Inc. reported a significant increase in its second quarter 2026 financial results, largely driven by the acquisition of CNB Bank Shares, Inc. on March 1, 2026. Net income for the quarter rose 44.8% year-over-year to $27.8 million, with basic earnings per share increasing to $0.77. The acquisition contributed to substantial growth in total assets, deposits, and loans, with total assets reaching $6.73 billion and loans, net, increasing to $4.69 billion.
Key Highlights
- Net income for Q2 2026 increased 44.8% to $27.8 million from $19.2 million in Q2 2025.
- Basic earnings per share rose 26.2% to $0.77 in Q2 2026, up from $0.61 in Q2 2025.
- Total assets grew 32.6% to $6.73 billion as of June 30, 2026, from $5.07 billion at December 31, 2025.
- Total deposits increased 32.1% to $5.76 billion as of June 30, 2026, from $4.36 billion at December 31, 2025.
- Loans, net of allowance for credit losses, increased 37.4% to $4.69 billion.
- The acquisition of CNB Bank Shares, Inc. on March 1, 2026, involved $182.1 million in total consideration.
- Goodwill of $22.1 million was recorded as part of the CNB acquisition.
- Cash dividends and dividend equivalents paid were $0.23 per share for Q2 2026.
Price Impact
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