HBT Financial(US:HBT) Globenewswire·2026-01-26 12:05Core Insights - HBT Financial, Inc. reported a net income of $18.9 million, or $0.60 diluted earnings per share, for Q4 2025, a decrease from $19.8 million, or $0.63 per share in Q3 2025, and $20.3 million, or $0.64 per share in Q4 2024 [2][10] - The company achieved an adjusted net income of $20.1 million, or $0.64 per diluted share, supported by strong balance sheet growth and asset quality [3][6] - The company is optimistic about 2026, anticipating solid performance and a successful merger with CNB Bank Shares, Inc. [5] Financial Performance - Net interest income for Q4 2025 was $50.5 million, up 1.1% from Q3 2025, and increased 6.6% from $47.4 million in Q4 2024 [7][8] - The net interest margin for Q4 2025 was 4.12%, slightly down from 4.13% in Q3 2025, but up from 3.96% in Q4 2024 [9][11] - Noninterest income for Q4 2025 was $9.9 million, a slight increase from $9.8 million in Q3 2025, but a decrease of 14.9% from $11.6 million in Q4 2024 [12][13] Asset Quality - Nonperforming assets totaled $8.7 million, or 0.17% of total assets, stable compared to previous quarters [22] - The company recorded net charge-offs of $0.8 million, or 0.10% of average loans on an annualized basis, an increase from $0.1 million in Q3 2025 [24] - The allowance for credit losses was 1.21% of total loans, with a coverage ratio of 552% for nonperforming loans [25] Capital and Liquidity - As of December 31, 2025, the company exceeded all regulatory capital requirements under Basel III, with total capital to risk-weighted assets at 16.82% [26] - The tangible book value per share increased to $17.20, a 16.2% increase over the past year [4] - The company repurchased 23,879 shares of common stock at a weighted average price of $24.33 during Q4 2025 [27] Loan and Deposit Growth - Total loans outstanding were $3.46 billion at December 31, 2025, reflecting a $56.2 million increase from Q3 2025 [18] - Total deposits were $4.36 billion, a slight increase from $4.35 billion in Q3 2025, driven by higher balances in retail and business accounts [19]