HBT Financial Q1 adjusted profit beats estimates after CNB acquisition

HBT Financial

27/04/2026 12:13

Overview

U.S. regional bank's Q1 adjusted EPS and adjusted net income beat analyst expectations

Company completed CNB Bank Shares acquisition, boosting assets and income but raising expenses

Asset quality remained strong with nonperforming assets at 0.21% of total assets

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

CNB ACQUISITION - Merger with CNB Bank Shares drove higher assets, loans, deposits, and contributed to increased net interest income and wealth management fees

ACQUISITION EXPENSES - Noninterest expense rose sharply due to $15.7 mln in nonrecurring acquisition-related costs

IMPROVED ASSET YIELDS - Net interest margin increased due to higher asset yields and sale of most CNB securities portfolio, with proceeds used to pay down higher-cost funding

Company press release: ID:nGNX5vqnCb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$0.68
$0.61 (5 Analysts)
Q1 EPS
$0.34
Q1 Adjusted Net Income
Beat
$22.61 mln
$20.10 mln (5 Analysts)
Q1 Net Income
$11.20 mln
Q1 Net Interest Income
$56.39 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for HBT Financial, Inc is $30.00, about 6.5% above its April 24 closing price of $28.16

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)