HBT Financial (HBT) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $27.8 million ($0.76 per diluted share), up 44.8% year-over-year, with adjusted net income of $28.5 million ($0.78 per diluted share), driven by the CNB acquisition.

• Tangible book value per share increased 3.5% sequentially to $17.60 and 9.9% year-over-year.

• Total assets reached $6.7 billion as of June 30, 2026, up 32.7% from December 31, 2025, due to the CNB acquisition.

• Asset quality remained strong, with nonperforming assets at 0.15% of total assets and net recoveries of 0.01% of average loans.

• Quarterly cash dividend increased to $0.25 per share in July 2026.

Financial highlights

• Net interest income for Q2 2026 was $69.1 million, up 22.5% sequentially and 39.1% year-over-year, primarily due to higher average interest-earning assets and improved yields.

• Noninterest income rose 29.6% year-over-year for Q2, led by increases in wealth management fees, card income, and service charges.

• Noninterest expense was $42.4 million, down 19.1% sequentially but up 33% year-over-year, mainly due to the addition of CNB operations.

• Net interest margin (tax-equivalent basis) increased to 4.38% in Q2 2026, up from 4.14% in Q2 2025.

• Efficiency ratio (tax-equivalent basis) improved to 50.67% in Q2 2026.

Outlook and guidance

• Loan balances expected to be flat to slightly down in Q3 2026 as deferred payoffs materialize.

• Net interest margin anticipated to remain flat in Q3 2026, with stable funding costs.

• Noninterest income projected between $11.5 million and $13 million per quarter for the rest of 2026.

• Noninterest expense expected between $41 million and $43 million per quarter for the remainder of 2026.

• Management expects no material acquisition-related expenses from the CNB merger in future quarters.