HBT Financial, Inc. reported net income of $31.4 million, or $0.86 per diluted share, for the third quarter of 2026. This figure represents an increase of 10.1% compared to the prior quarter, where net income was $27.8 million, or $0.76 per diluted share. The company also reported adjusted net income of $31.4 million, or $0.86 per diluted share, for the same period.
The bank reported a return on average assets (ROAA) of 1.85% and a return on average tangible common equity (ROATCE) of 19.27% for the third quarter. Its net interest margin on a tax-equivalent basis increased by 2 basis points to 4.40%, while nonperforming assets to total assets remained stable at 0.16%.
Regarding its balance sheet, total loans outstanding, before allowance for credit losses, were $4.78 billion as of September 30, 2026. Total deposits stood at $5.75 billion for the same date. The company noted that asset quality remains strong, with net recoveries to average loans of 0.04% on an annualized basis.
In other news, HBT Financial announced the signing of a definitive agreement to acquire Tri-County Financial Group, Inc. The company stated that integration planning is progressing well and anticipates the transaction will close early in the first quarter of 2027, subject to stockholder and regulatory approvals.
