HBT Financial reports Q3 adjusted EPS 65c, consensus 62c

Net interest margin decreased 1 basis point to 4.13% and net interest margin decreased 1 basis point to 4.18%. Reports CET 1 ratio 14.35%. The ratio of tangible common equity to tangible assets increased to 10.56% as of September 30, 2025, from 10.21% as of June 30, 2025, and tangible book value per share increased by $0.62 to $16.64 as of September 30, 2025, when compared to June 30, 2025. J. Lance Carter, CEO, said, “During the third quarter of 2025, we continued to produce consistently strong earnings while we maintained a solid balance sheet and saw loan growth return. Adjusted net income of $20.5M, or $0.65 per diluted share, was our highest quarterly adjusted diluted earnings per share since becoming a public company. This was driven by an increase in adjusted pre-provision net revenue to $28.3M, an increase of 2.2% compared to the second quarter of 2025. Adjusted ROAA was 1.61% and adjusted ROATCE was 15.81% for the third quarter of 2025. Our net interest margin on a tax equivalent basis remained stable, decreasing only 1 basis point to 4.18%. Our strong profitability coupled with an improvement in our AOCI due to lower interest rates resulted in a $0.62 increase in our tangible book value per share to $16.64. Tangible book value per share increased by 3.9% for the quarter and 14.4% over the last year. Our balance sheet and asset quality remained strong with nonperforming assets to total assets of only 0.17%. Loan growth returned during the third quarter with quarter end loans increasing 6.2% on an annualized basis for the quarter due to higher loan pipelines at the end of the second quarter and fewer payoffs in the third quarter. Our credit discipline, strong profitability and solid balance sheet give us confidence that we are prepared for a variety of economic environments. This morning, we announced the signing of a definitive agreement to merge with CNB Bank Shares, and its wholly owned subsidiary CNB Bank & Trust. CNB Bank Shares, like HBT Financial (HBT), has central Illinois roots going back for generations and has expanded into more metro areas in the Chicago MSA and St. Louis MSA. CNB Bank is a true community bank focused on supporting their customers and communities, and we are excited to partner with them to continue that tradition. For more information please see the press release and investor presentation that we released this morning.”