Quarterly ResultApr 27, 2026, 07:06 AM
HBT Q1 Adj. EPS $0.68; Net Income $11.2M; CNB Merger Completed
AI Summary
HBT Financial reported Q1 2026 net income of $11.2 million, or $0.34 per diluted share, impacted by $15.7 million in acquisition-related expenses. However, adjusted net income was $22.6 million, or $0.68 per diluted share, reflecting strong operational performance. The company successfully completed its merger with CNB Bank Shares, Inc. on March 1, 2026, and integrated its systems, significantly expanding its asset base and market presence.
Key Highlights
- Completed merger with CNB Bank Shares, Inc. on March 1, 2026, adding $1.8 billion in assets.
- Q1 2026 adjusted net income was $22.6 million, or $0.68 per diluted share.
- Q1 2026 GAAP net income was $11.2 million, or $0.34 per diluted share.
- Net interest margin (tax-equivalent basis) increased 9 basis points to 4.25%.
- Asset quality remained strong with nonperforming assets to total assets at 0.21%.
- Tangible book value per share increased 10.2% since Q1 2025 to $17.01.
- Acquisition-related expenses totaled $15.7 million in Q1 2026.