HBT Financial, Inc.
For the period ended Dec 31, 2025. Filed Mar 6, 2026.
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FY2025 · Filed Mar 6, 2026
HBT$37.53+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| (dollars in thousands) | 2025 | 2024 | 2023 |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $77,008 | $71,780 | $65,842 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation expense | 3,200 | 2,944 | 3,108 |
| Provision for credit losses | 3,161 | 3,031 | 7,573 |
| Net amortization of debt securities | 2,264 | 3,641 | 5,730 |
| Deferred income tax expense | 329 | 996 | 3,817 |
| Stock-based compensation | 1,943 | 1,752 | 1,953 |
| Net accretion of discount and deferred loan fees on loans | (7,117) | (7,187) | (7,228) |
| Net realized loss on sales of securities | 200 | 3,697 | 1,820 |
| Net unrealized loss (gain) on equity securities | (7) | 59 | (160) |
| Net loss (gain) on disposals of bank premises and equipment | 87 | 55 | (84) |
| Net gain on sales of bank premises held for sale | (52) | — | (81) |
| Impairment losses on bank premises held for sale | 50 | 580 | — |
| Net gain on sales of foreclosed assets | (155) | (112) | (764) |
| Write-down of foreclosed assets | 151 | 90 | 263 |
| Amortization of intangibles | 2,726 | 2,839 | 2,670 |
| Decrease in fair value of mortgage servicing rights | 1,883 | 174 | 1,615 |
| Net loss (gain) on extinguishment of subordinated debt | 391 | — | — |
| Amortization of discount and issuance costs on subordinated notes and debentures | 116 | 139 | 139 |
| Amortization of discount on Federal Home Loan Bank advances | 158 | 401 | 379 |
| Amortization of premium on time deposits | — | (108) | (400) |
| Mortgage loans originated for sale | (49,176) | (62,649) | (69,663) |
| Proceeds from sale of mortgage loans | 50,976 | 64,992 | 71,098 |
| Net gain on sale of mortgage loans | (1,477) | (1,611) | (1,526) |
| Increase in cash surrender value of bank owned life insurance | (671) | (668) | (566) |
| Net gain on bank owned life insurance proceeds | — | (247) | — |
| Decrease (increase) in accrued interest receivable | 991 | (236) | (1,915) |
| Decrease in other assets | 645 | 3,053 | 2,174 |
| Increase (decrease) in other liabilities | (2,554) | 1,967 | (19,965) |
| Net cash provided by operating activities | 85,070 | 89,372 | 65,829 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
| Year Ended December 31, | |||
|---|---|---|---|
| (dollars in thousands) | 2025 | 2024 | 2023 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Proceeds from maturities of interest-bearing time deposits with banks | — | 520 | 249 |
| Purchase of interest-bearing time deposits with banks | — | (11) | (509) |
| Proceeds from sales of debt securities | 4,125 | 69,174 | 185,280 |
| Proceeds from sales and redemptions of equity securities | 81 | 58 | — |
| Proceeds from paydowns, maturities, and calls of debt securities | 186,386 | 126,340 | 102,625 |
| Purchase of debt securities | (234,264) | (105,147) | (2,640) |
| Purchase of equity securities | (64) | (196) | (397) |
| Purchase of loans | (9,782) | (14,566) | (61,009) |
| Net decrease (increase) in loans | 22,338 | (42,623) | (81,641) |
| Purchase of restricted stock | — | — | (23,832) |
| Proceeds from redemption of restricted stock | 107 | 2,074 | 27,459 |
| Proceeds from bank owned life insurance | — | 831 | — |
| Purchases of bank premises and equipment | (10,247) | (5,506) | (3,134) |
| Proceeds from sales of bank premises and equipment | 76 | 2 | 222 |
| Proceeds from sales of bank premises held for sale | 319 | — | 351 |
| Proceeds from sales of foreclosed assets | 1,285 | 1,396 | 4,093 |
| Net cash paid for acquisition of Town and Country | — | — | (14,454) |
| Net cash provided by (used in) investing activities | (39,640) | 32,346 | 132,663 |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Net increase (decrease) in deposits | 41,009 | (83,075) | 94,396 |
| Net decrease in repurchase agreements | (28,969) | (13,473) | (639) |
| Net decrease in short-term Federal Home Loan Bank advances | — | — | (234,195) |
| Proceeds from long-term Federal Home Loan Bank advances | 6,800 | 907 | — |
| Repayment of long-term Federal Home Loan Bank advances | (7,888) | (700) | — |
| Repayment of subordinated notes | (40,000) | — | — |
| Taxes paid related to the vesting of restricted stock units | (691) | (331) | (181) |
| Repurchase of common stock | (4,505) | (4,423) | (8,907) |
| Cash dividends and dividend equivalents paid | (26,609) | (24,183) | (21,873) |
| Net cash used in financing activities | (60,853) | (125,278) | (171,399) |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (15,423) | (3,560) | 27,093 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 137,692 | 141,252 | 114,159 |
| CASH AND CASH EQUIVALENTS AT END OF YEAR | $122,269 | $137,692 | $141,252 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest | $58,172 | $64,723 | $32,853 |
| Net cash paid for income taxes: | |||
| Federal | $18,425 | $16,425 | $13,795 |
| Illinois | 7,875 | 6,195 | 6,150 |
| Other states | 315 | 1,256 | 567 |
| Total | $26,615 | $23,876 | $20,512 |
| SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES | |||
| Transfers of loans to foreclosed assets | $2,040 | $889 | $1,143 |
| Transfers of bank premises and equipment to bank premises held for sale | $— | $317 | $35 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.