HBT Financial, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data HBT Financial, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Selling and marketing	4.52	4.21	3.87	3.48	3.38	3.8	5.04	4.32	4.18
Interest expense	6.6	7.99	9.94	6.46	5.82	7.18	37.9
Pre-tax income	57	64.7	72.1	49.6	76.6	76.2	88.6	97.4	105
Income tax	0.87	0.87	5.26	12.7	20.3	19.7	22.7	25.6	27.5
Net income	56.1	63.8	66.9	36.8	56.3	56.5	65.8	71.8	77
EPS, basic	3.10	3.54	3.33	1.34	2.02	1.95	2.08	2.27	2.44
EPS, diluted	3.10	3.54	3.33	1.34	2.02	1.95	2.07	2.26	2.44
Shares, basic (weighted)	18.1	18	20.1	27.5	27.8	28.9	31.6	31.6	31.5
Shares, diluted (weighted)	18.1	18	20.1	27.5	27.8	28.9	31.7	31.7	31.6
Dividend per share	3.16	2.36	12.48	0.60	0.60	0.64	0.68	0.76	0.84

Balance sheet

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	166	187	284	312	409	114	141	138	122
Property, plant and equipment		54.7	54	52.9	52.5	50.5	65.2	66.8	73.6
Goodwill		23.6	23.6	23.6	29.3	29.3	59.8	59.8	59.8
Intangible assets		5.45	4.03	2.8	1.94	1.07	20.7	17.8	15.1
Total assets		3,250	3,245	3,667	4,314	4,287	5,073	5,033	5,071
Total liabilities		2,909	2,912	3,303	3,902	3,913	4,584	4,488	4,456
Paid-in capital		32.3	191	191	221	223	296	297	299
Retained earnings		315	134	155	194	232	269	317	367
Treasury stock					-4.91	-9.69	-18.6	-23	-27.5
Other comprehensive income		-4.29	7.83	18.2	1.47	-71.8	-57.2	-46.8	-23
Shareholders' equity	324	340	333	364	412	374	489	545	615
Total equity	324	340	333	364	412	374	489	545	615
Total liabilities and equity		3,250	3,245	3,667	4,314	4,287	5,073	5,033	5,071
Shares outstanding			27.5	27.5	29	28.8	31.7	31.6	31.4

Cash flow statement

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	56.1	63.8	66.9	36.8	56.3	56.5	65.8	71.8	77
Depreciation and amortization	3.29	3.22	2.71	2.94	3.07	3.04	3.11	2.94	3.2
Stock-based compensation		0.54	0.34	0.35	0.76	1.95	1.95	1.75	1.94
Deferred income tax			3.4	-0.34	2.91	-2.92	3.82	1	0.33
Cash from operations	72.1	80	89.1	31.3	43	72.6	65.8	89.4	85.1
Capital expenditures			-0.04	-0.01
Acquisitions					-4.77	0	-14.5	0	0
Purchases of investments	-356	-189	-73.1	-524	-514	-372	-2.64	-105	-234
Sales and maturities of investments	51.5	104		0	0	0	185	69.2	4.13
Cash from investing	-90.3	65.1	115	-380	-350	-335	133	32.3	-39.6
Stock issued			138
Share buybacks		-0.91			-4.91	-4.78	-8.91	-4.42	-4.51
Dividends paid	-57.1	-42.6	-225	-16.5	-16.8	-18.6	-21.9	-24.2	-26.6
Cash from financing	-54.8	-124	-107	378	403	-32.6	-171	-125	-60.9
Net change in cash	-73.1	21.2	97.1	28.5	96.8	-295	27.1	-3.56	-15.4
Free cash flow			89.1	31.2
Interest paid	6.65	7.83	10	6.44	5.93	6.86	32.9	64.7	58.2
Income taxes paid	0.89	0.85	0.88	17.5	20.9	20	20.5	23.9	26.6

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $36.25 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	26.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	10.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.2%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	7.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	10.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	15.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	8.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	7.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	12.7%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-4.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	5.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	22.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	10.5%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	9.5%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	7.0%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	13.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	18.1%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	11.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	0.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	5.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	6.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.3%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	3.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	2.9%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	88.6%	Total liabilities / total assets.
Goodwill and intangibles / assets	1.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$639.9M	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.13	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	$2.38	Cash from operations / diluted weighted shares.
Book value per share	$21.03	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$17.60	Tangible book value / shares outstanding.
Cash per share	$3.64	(Cash + short-term investments) / shares outstanding.
Payout ratio	37.3%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.32B	Share price x shares outstanding.
Enterprise value	$1.19B	Market cap + total debt - cash - short-term investments.
P/E	17.0x	Market cap / net income. Only when net income is positive.
P/B	1.72x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.06x	Market cap / tangible book value, when positive.
P/OCF	15.2x	Market cap / cash from operations, when positive.
Earnings yield	5.9%	Net income / market cap (the inverse of P/E).
Dividend yield	2.2%	Dividends paid over the period / market cap.
Shareholder yield	3.5%	(Dividends paid + share buybacks) / market cap.
PEG	2.19x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was HBT Financial, Inc. profitable in fiscal 2025?

Yes. Net income was $77.0M, a net margin of -.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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