HBT Financial’s Q1 EPS Beats Forecast; CNB Deal Adds $1.8B Assets
First-quarter adjusted EPS was $0.68, topping the $0.62 forecast, with revenue of $67.33 million. The March 1 acquisition of CNB Bank Shares added $1.8 billion in assets, boosting total loans to $4.69 billion and deposits to $5.80 billion while net interest margin rose 9 basis points to 4.25%.
1. First-Quarter Results
HBT Financial reported adjusted earnings of $0.68 per share versus analyst expectations of $0.62, with total revenue of $67.33 million surpassing forecasts. On a GAAP basis, net income declined to $11.2 million, or $0.34 per diluted share, compared with $19.1 million, or $0.60 per share, in the prior year’s first quarter.
2. CNB Bank Shares Acquisition
The company finalized its acquisition of CNB Bank Shares on March 1, adding approximately $1.8 billion in assets. This deal lifted total loans to $4.69 billion—up from $3.46 billion year-end 2025—and deposits to $5.80 billion, with net interest income rising 15.8% to $56.4 million.
3. Expenses and Asset Quality
The quarter included $15.7 million in acquisition-related costs, driving noninterest expenses up by $4.7 million from the prior quarter. Asset quality remained stable with nonperforming assets at 0.21% of total assets and net charge-offs at 0.08% of average loans, alongside a negative provision for credit losses of $0.2 million.