The EPS beat and expanding NIM are positive, but the revenue miss (net interest income vs. consensus total revenue) and declining tangible book value due to higher rates warrant monitoring. Watch the Tri-County stockholder vote on Oct 29 and the Q4 2026 NIM trajectory given the recent Fed rate increase.
Price Chart
Executive Summary
HBT Financial reported Q3 2026 adjusted EPS of $0.86, beating the $0.79 consensus by 8.9%, and net interest income of $70.3M versus $82.9M revenue consensus (bank top line is net interest income, which was $70.3M vs. the $82.9M consensus for total revenue — a miss on that metric). Net interest margin expanded 3 bps to 4.35%, asset quality remained pristine with net recoveries of 0.04%, and the company provided Q4 2026 guidance for NIM to be up modestly, noninterest income of $11.5M-$13M, and noninterest expense of $41M-$43M. The pending Tri-County acquisition is on track to close early Q1 2027.
Key Financial Metrics
Key Facts
- Q3 2026 GAAP net income of $31.4M, or $0.86 per diluted share, vs. $27.8M ($0.76) in Q2 2026 and $19.8M ($0.63) in Q3 2025.
- Adjusted net income of $31.4M, or $0.86 per diluted share, vs. consensus of $0.79 — an 8.9% beat.
- Net interest income of $70.3M, up 1.8% QoQ and 40.7% YoY; net interest margin expanded 3 bps to 4.35%.
- Negative provision for credit losses of $0.6M; net recoveries of $0.5M (0.04% of avg loans annualized).
- Nonperforming assets to total assets remained low at 0.16%.
- Tangible book value per share decreased $0.26 QoQ to $17.34, driven by higher unrealized losses on AFS securities.
- Company guided Q4 2026 NIM up modestly, noninterest income $11.5M-$13M, noninterest expense $41M-$43M.
- Tri-County acquisition expected to close early Q1 2027; stockholder vote scheduled Oct 29, 2026.
Financial Impact
EPS beat of $0.07 (8.9%) vs consensus; net interest income $70.3M vs. revenue consensus of $82.9M (bank top line is NII, so this is a miss on the consensus revenue figure).
Risk Factors
- Higher interest rates are pressuring tangible book value via AOCI losses on the securities portfolio.
- Cost of funds increased 4 bps QoQ to 1.36% and could continue rising with further rate hikes.
- Tri-County acquisition integration risk and potential stockholder non-approval.
- Loan growth may slow in Q4 2026 due to expected higher payoffs.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000775215-26-000085 |
| Document: hbt-20260930ex992.htm | 0000775215-26-000085 |
| Document: hbt-20261026.htm | 0000775215-26-000085 |
| Document: 0000775215-26-000085-index-headers.html | 0000775215-26-000085 |
| Document: 0000775215-26-000085-index.html | 0000775215-26-000085 |
| Document: 0000775215-26-000085.txt | 0000775215-26-000085 |
| 8-K Data (Synthetic) | 0000775215-26-000085 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | Press Release | $36.24 | awaiting T+1 | — | $36.75 (+1.41%) |
Oct 26, 2026 1d ago | 8-K | $36.24 | awaiting T+1 | — | $36.75 (+1.41%) |
Sep 22, 2026 5w ago | Institutional Cluster | $35.42 $35.11 | ▼ −0.88% | ▼ −0.15% | $36.75 (+3.75%) |
Sep 17, 2026 5w ago | EFFECT | $36.08 $36.01 | ▼ −0.19% | ▼ −0.07% | $36.75 (+1.86%) |
Aug 10, 2026 11w ago | 8-K | $35.94 $36.19 | ▲ +0.70% | ▲ +1.02% | $36.75 (+2.25%) |
Aug 7, 2026 11w ago | EFFECT | $36.35 $35.94 | ▲ +1.13% | ▲ +1.10% | $36.75 (−1.10%) |
Aug 4, 2026 12w ago | S-4/A | $36.13 $36.11 | ▼ −0.06% | ▲ +0.14% | $36.75 (+1.72%) |
Jul 27, 2026 13w ago | Press Release | $34.59 $36.16 | ▲ +4.54% | ▲ +4.30% | $36.75 (+6.24%) |
Jul 10, 2026 15w ago | Press Release | $32.06 | awaiting T+1 | — | $36.75 (+14.63%) |
Jun 12, 2026 19w ago | S-4/A | $29.99 $30.13 | ▲ +0.47% | ▲ +1.06% | $36.75 (+22.54%) |
US Market Status
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