HBT Financial, Inc. Announces Second Quarter 2025 Financial Results

Financial Performance - HBT Financial, Inc. reported net income of $19.2 million, or $0.61 diluted earnings per share, for Q2 2025, showing a slight increase from $19.1 million in Q1 2025 and $18.1 million in Q2 2024 [2][10] - Adjusted net income for Q2 2025 was $19.8 million, or $0.63 adjusted diluted earnings per share, compared to $19.3 million in Q1 2025 and $18.1 million in Q2 2024 [3][6] - The company achieved an adjusted return on average assets (ROAA) of 1.58% and an adjusted return on average tangible common equity (ROATCE) of 16.02% for Q2 2025 [3][10] Revenue and Income Sources - Net interest income for Q2 2025 was $49.7 million, a 2.0% increase from $48.7 million in Q1 2025 and a 5.6% increase from $47.0 million in Q2 2024 [7][8] - Noninterest income for Q2 2025 was $9.1 million, a 1.8% decrease from $9.3 million in Q1 2025 and a 4.9% decrease from $9.6 million in Q2 2024, primarily due to changes in mortgage servicing rights fair value adjustments [13][14] Asset Quality and Loan Portfolio - Nonperforming assets totaled $6.5 million, or 0.13% of total assets, as of June 30, 2025, compared to $5.6 million (0.11%) in Q1 2025 and $8.8 million (0.17%) in Q2 2024 [20] - Total loans outstanding were $3.35 billion at June 30, 2025, down from $3.46 billion at March 31, 2025, primarily due to seasonal paydowns and higher property sales [18] Capital and Shareholder Returns - The company exceeded all regulatory capital requirements under Basel III, with total capital to risk-weighted assets at 17.74% as of June 30, 2025 [25] - HBT Financial repurchased 135,997 shares of its common stock at a weighted average price of $21.30 during Q2 2025, with $12.1 million remaining under its stock repurchase program [26] Operational Efficiency - The efficiency ratio for Q2 2025 was 53.10%, compared to 53.85% in Q1 2025 and 52.61% in Q2 2024, indicating a slight decline in operational efficiency [36] - Noninterest expense for Q2 2025 was $31.9 million, nearly unchanged from Q1 2025, with a 4.6% increase compared to $30.5 million in Q2 2024 [15][16]