HBT Financial(US:HBT) Globenewswire·2025-10-20 11:05Core Insights - HBT Financial, Inc. reported a net income of $19.8 million, or $0.63 diluted earnings per share, for Q3 2025, showing an increase from $19.2 million in Q2 2025 and $18.2 million in Q3 2024 [2][3]. Financial Performance - Adjusted net income reached $20.5 million, or $0.65 per diluted share, marking the highest quarterly adjusted diluted earnings per share since going public, driven by a 2.2% increase in adjusted pre-provision net revenue to $28.3 million compared to Q2 2025 [3][6]. - The net interest income for Q3 2025 was $50.0 million, a 0.7% increase from $49.7 million in Q2 2025, and a 4.7% increase from $47.7 million in Q3 2024 [7][8]. - Noninterest income increased by 7.8% to $9.8 million from $9.1 million in Q2 2025, and by 13.1% from $8.7 million in Q3 2024, primarily due to higher wealth management fees and changes in mortgage servicing rights fair value adjustments [13][14]. Asset Quality and Loan Growth - The company maintained strong asset quality with nonperforming assets at 0.17% of total assets, and net charge-offs at 0.02% of average loans on an annualized basis [21][23]. - Total loans outstanding increased to $3.40 billion, up from $3.35 billion in Q2 2025, reflecting a 6.2% annualized growth rate due to higher loan pipelines and fewer payoffs [18][4]. Capital and Regulatory Compliance - As of September 30, 2025, the company exceeded all regulatory capital requirements under Basel III, with total capital to risk-weighted assets at 16.77% and Tier 1 capital at 15.67% [25]. - Tangible book value per share increased by $0.62 to $16.64, representing a 3.9% increase for the quarter and a 14.4% increase year-over-year [3][25]. Merger Announcement - HBT Financial announced a definitive agreement to merge with CNB Bank Shares, which has a strong community banking focus and a similar regional presence [5].