HBT Financial (HBT) investor relations material

Executive summary

• Q3 net income was $31.4 million, or $0.86 per diluted share; adjusted net income was also $31.4 million, with adjusted ROAA of 1.85% and adjusted ROATCE of 19.29%.

• NIM expanded QoQ, loans grew, and asset quality remained strong; priorities include TYFG integration and managing expected loan payoffs.

Financial highlights

• Net interest income was $70.3 million, up 1.8% QoQ and 40.7% YoY; NIM increased 3 bps QoQ to 4.35%, while tax-equivalent NIM rose 2 bps to 4.40%.

• Loans totaled $4.78 billion, up $30.3 million QoQ; deposits totaled $5.75 billion, down $5.6 million. Loan balances grew 2.5% annualized QoQ.

• Noninterest income was $14.2 million reported and $13.0 million adjusted; Q3 included a $1.5 million positive MSR fair value adjustment and a $0.4 million stock-repurchase excise-tax refund.

• Adjusted noninterest expense declined $0.4 million QoQ to $41.7 million, mainly on lower salaries, partly offset by occupancy and employee benefit costs.

Outlook and guidance

• 4Q26 loan balances are expected to be relatively flat; pipelines are consistent with 3Q26 and 4Q25, while loan payoffs are expected to increase.

• 4Q26 NIM is expected to rise modestly as asset repricing outpaces funding-cost growth, including the full-quarter impact of the September 2026 federal funds rate increase.

• 4Q26 noninterest income guidance is $11.5 million-$13 million; noninterest expense guidance is $41 million-$43 million.

• TYFG integration planning is progressing; closing is expected in early 1Q27, subject to stockholder and regulatory approval. The stockholder vote was scheduled for October 29, 2026.