HBT Financial Q3 adjusted net income beats on higher loan yields
HBT•HBT Financial reported third-quarter adjusted net income of $31.41 million, above the $28.56 million analyst consensus, and adjusted EPS of $0.86 versus $0.78 expected. The company said higher loan yields and average loan balances drove increased net interest income.
1. Quarterly results
HBT Financial’s third-quarter adjusted net income was $31.41 million, beating the $28.56 million analyst consensus. Adjusted EPS was $0.86, compared with expectations of $0.78. Net interest income was $70.32 million.
2. Drivers and outlook
The company said higher loan yields and higher average loan balances mainly drove increased net interest income. It also cited higher noninterest income from a positive mortgage servicing rights fair value adjustment and a nonrecurring tax refund, and said expenses were well controlled. HBT Financial expects its Tri-County Financial acquisition to close early in the first quarter of 2027.
