HBT Financial (HBT) AI Stock Analysis

• Market Cap: $828.33M
• Dividend Yield: 3.13%
• Average Volume (3M): 29.79K
• Price to Earnings (P/E): 10.9
• Beta (1Y): 0.92
• Revenue Growth: 4.86%
• EPS Growth: 7.89%
• Country: US
• Employees: 844
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.63
• Shares Outstanding: 31,495,434
• 10 Day Avg. Volume: 24,678
• 30 Day Avg. Volume: 29,789
• PEG Ratio: 1.06
• Price to Book (P/B): 1.27
• Price to Sales (P/S): 2.43
• P/FCF Ratio: 8.25
• Enterprise Value/Market Cap: 1.05
• Enterprise Value/Revenue: 2.99
• Enterprise Value/Gross Profit: 3.81
• Enterprise Value/Ebitda: 8.06
• 1Y Price Target: $29.50
• Price Target Upside: 12.55% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 79 Outperform
• Price Target: $30.00 ▲(14.46% Upside)

HBT Financial's strong financial performance and attractive valuation are the primary drivers of its overall score. The company's robust revenue growth, profitability, and stable balance sheet provide a solid foundation. Technical analysis supports a positive outlook with bullish momentum. The stock's reasonable valuation and appealing dividend yield further enhance its attractiveness.

HBT Financial Business Overview & Revenue Model

Company Description

HBT Financial, Inc. operates as the bank holding company for Heartland Bank and Trust Company that provides business, commercial, and retail banking products and services to individuals, businesses, and municipal entities. The company's deposits accounts consist of noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, certificates of deposits, health savings accounts, and individual retirement accounts. Its loan offering comprises owner and non-owner occupied commercial real estate; construction and land development and multi-family; commercial and industrial; agricultural and farmland; and one-to-four family residential loans, as well as municipal, consumer, and other loans. The company also offers wealth management services, including financial planning to consumers, trusts, and estates; trustee and custodial; investment management; corporate retirement plan consulting and administration; and retail brokerage services. In addition, it provides farmland management, farmland sales, and crop insurance services; and treasury management services, as well as originates and sells residential mortgage loans. Further, the company offers digital banking services, such as online and mobile banking, and digital payment services, as well as personal financial management tools. It operates through 57 branch locations in Central and Northeastern Illinois and four locations in Eastern Iowa. The company was formerly known as Heartland Bancorp, Inc. and changed its name to HBT Financial, Inc. in September 2019. HBT Financial, Inc. was founded in 1920 and is headquartered in Bloomington, Illinois.

How the Company Makes Money

HBT Financial generates revenue through multiple streams primarily derived from interest income, fees, and commission-based services. The main source of revenue comes from interest on loans and mortgages offered to consumers and businesses, which is a standard practice in the banking industry. Additionally, the bank earns non-interest income through service fees associated with deposit accounts, transaction fees, and wealth management services. The company may also engage in investment activities that contribute to its earnings. Strategic partnerships with local businesses and community organizations enhance its market presence and customer base, further supporting its revenue generation efforts.

HBT Financial Financial Statement Overview

Summary

HBT Financial demonstrates strong financial health with robust revenue and profit growth, effective cost management, and solid cash flow generation. The company maintains low leverage, contributing to financial stability. The equity ratio suggests room for improvement, but overall, the financial position is strong.

Income Statement

HBT Financial has demonstrated strong revenue growth with a TTM (Trailing-Twelve-Months) revenue of $291.02M, indicating a consistent upward trajectory from prior periods. The gross profit margin stands at approximately 77.3% for the TTM, showcasing effective cost management. Net profit margin remains robust at around 26%, while both EBIT and EBITDA margins are healthy, reflecting operational efficiency. Overall, the income statement reveals strong profitability and growth trends.

Balance Sheet

The balance sheet shows a solid equity position with stockholders' equity of $565.06M compared to total assets of $5.09B, resulting in a healthy equity ratio of about 11.1%. The debt-to-equity ratio is favorable at 0.18, indicating low leverage and financial stability. Return on equity is approximately 13.4%, suggesting efficient use of equity to generate profits. While the balance sheet is strong overall, the relatively low equity ratio could be an area for improvement.

Cash Flow

HBT Financial's cash flow statement highlights strong free cash flow generation with a TTM figure of $87.55M, showing growth from previous periods. The operating cash flow to net income ratio is approximately 1.23, indicating that the company efficiently converts net income into cash. The free cash flow to net income ratio is similarly healthy at 1.16. Overall, the cash flow metrics suggest strong cash generation and liquidity management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	291.56M	285.21M	263.64M	186.72M	164.23M	156.77M
Gross Profit	228.34M	219.33M	218.14M	179.54M	166.49M	139.77M
EBITDA	108.12M	103.17M	94.36M	80.11M	80.69M	53.75M
Net Income	76.76M	71.78M	65.84M	56.46M	56.27M	36.84M
Balance Sheet
Total Assets	5.02B	5.03B	5.07B	4.28B	4.31B	3.67B
Cash, Cash Equivalents and Short-Term Investments	798.77M	189.98M	901.22M	957.68M	1.35B	1.24B
Total Debt	100.82M	134.60M	147.33M	280.26M	138.29M	122.62M
Total Liabilities	4.44B	4.49B	4.58B	3.90B	3.90B	3.30B
Stockholders Equity	580.90M	544.61M	489.50M	373.63M	411.88M	363.92M
Cash Flow
Free Cash Flow	80.88M	83.87M	62.70M	71.54M	42.07M	29.39M
Operating Cash Flow	86.80M	89.37M	65.83M	72.59M	43.10M	31.25M
Investing Cash Flow	-9.63M	32.35M	132.66M	-335.12M	-349.61M	-380.45M
Financing Cash Flow	-76.66M	-125.28M	-171.40M	-32.57M	403.33M	377.68M

HBT Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HBT, the sentiment is Positive. The current price of 26.21 is above the 20-day moving average (MA) of 25.83, above the 50-day MA of 25.51, and above the 200-day MA of 23.62, indicating a bullish trend. The MACD of 0.36 indicates Negative momentum. The RSI at 55.62 is Neutral, neither overbought nor oversold. The STOCH value of 57.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HBT.

HBT Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OSBC	81 Outperform	$970.35M	10.07	12.51%	1.30%	2.02%	-2.80%
NBN	79 Outperform	$869.73M	10.82	19.16%	0.04%	33.02%	33.76%
HBT	79 Outperform	$828.33M	10.85	14.08%	3.13%	4.86%	7.89%
FCBC	77 Outperform	$687.91M	13.79	9.91%	8.75%	0.89%	-2.22%
Sector *	68 Neutral	$17.80B	11.94	9.89%	3.74%	9.69%	1.17%
CFFN	67 Neutral	$861.88M	13.79	5.92%	5.24%	6.49%	―
AMTB	64 Neutral	$888.43M	―	0.44%	1.69%	-6.88%	-131.00%

HBT Financial Corporate Events

HBT Financial Announces Redemption of Subordinated Notes

On August 11, 2025, HBT Financial announced its intention to redeem all $40 million of its outstanding 4.50% Fixed-to-Floating Rate Subordinated Notes due 2030. The redemption is set for September 15, 2025, at a price equal to 100% of the aggregate principal amount, plus accrued and unpaid interest, potentially impacting the company’s financial strategy and stakeholder interests.

HBT Financial Declares Quarterly Cash Dividend

On July 22, 2025, HBT Financial, Inc. announced a quarterly cash dividend of $0.21 per share on its common stock. This dividend will be payable on August 12, 2025, to shareholders who are recorded as of August 5, 2025.

HBT Financial Reports Strong Q2 2025 Financial Results

HBT Financial, Inc. reported its financial results for the second quarter of 2025, showing a net income of $19.2 million, or $0.61 per diluted share, with strong asset quality and a stable balance sheet. The company experienced a slight increase in net interest margin and maintained a robust return on average assets and equity. Despite a decrease in loans due to seasonal paydowns and property sales, HBT Financial anticipates loan growth in the third quarter of 2025. The company remains confident in its credit discipline and operational structure, positioning itself for potential acquisition opportunities.