HBT Financial, Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 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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Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (dollars in thousands) | 2026 | 2025 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $70,436 | $58,070 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation expense | 3,224 | 2,347 |
| Provision for credit losses | (41) | 1,698 |
| Net amortization of debt securities | (160) | 1,859 |
| Deferred income tax expense | 9,030 | 725 |
| Stock-based compensation | 1,479 | 1,387 |
| Net accretion of discount and deferred loan fees on loans | (7,501) | (5,473) |
| Net realized loss on sales of securities | 184 | 49 |
| Net unrealized loss (gain) on equity securities | (8) | 36 |
| Net loss on disposals of bank premises and equipment | 3 | 90 |
| Net gain on sales of bank premises held for sale | — | (52) |
| Impairment losses on bank premises held for sale | 271 | 50 |
| Net gain on sales of foreclosed assets | (60) | (224) |
| Write-down of foreclosed assets | 216 | 49 |
| Amortization of intangibles | 3,797 | 2,083 |
| Decrease (increase) in fair value of mortgage servicing rights | (906) | 1,573 |
| Net loss on extinguishment of subordinated debt | — | 391 |
| Amortization of discount and issuance costs on subordinated notes and debentures | 98 | 101 |
| Amortization of discount on Federal Home Loan Bank advances | 91 | 128 |
| Amortization of premium on time deposits | (1,266) | — |
| Mortgage loans originated for sale | (50,133) | (36,348) |
| Proceeds from sale of mortgage loans | 49,996 | 37,603 |
| Net gain on sale of mortgage loans | (1,293) | (1,101) |
| Increase in cash surrender value of bank owned life insurance | (623) | (500) |
| Decrease (increase) in accrued interest receivable | (1,853) | 1,195 |
| Decrease in other assets | 4,093 | 219 |
| Increase (decrease) in other liabilities | 1,200 | (4,788) |
| Net cash provided by operating activities | 80,274 | 61,167 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
| Nine Months Ended September 30, | ||
|---|---|---|
| (dollars in thousands) | 2026 | 2025 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Proceeds from maturities of interest-bearing time deposits with banks | 245 | — |
| Proceeds from sales of debt securities | 316,155 | 1,276 |
| Proceeds from sales and redemptions of equity securities | 77 | 54 |
| Proceeds from paydowns, maturities, and calls of debt securities | 134,497 | 128,291 |
| Purchase of debt securities | (348,212) | (166,907) |
| Purchase of equity securities | (413) | (34) |
| Purchase of loans | — | (9,782) |
| Net decrease (increase) in loans | (23,425) | 78,157 |
| Proceeds from redemption of restricted stock | 4,230 | 107 |
| Purchases of bank premises and equipment | (5,612) | (5,657) |
| Proceeds from sales of bank premises and equipment | — | 13 |
| Proceeds from sales of bank premises held for sale | — | 319 |
| Proceeds from sales of foreclosed assets | 892 | 1,140 |
| Net cash received in acquisition of CNB Bank Shares, Inc. | 15,036 | — |
| Proceeds from sale of brokerage operations acquired from CNB Bank Shares, Inc. | 649 | — |
| Net cash provided by investing activities | 94,119 | 26,977 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net increase (decrease) in deposits | (122,403) | 28,933 |
| Net decrease in repurchase agreements | (18,354) | (28,969) |
| Proceeds from long-term Federal Home Loan Bank advances | — | 1,800 |
| Repayment of long-term Federal Home Loan Bank advances | (72,021) | (7,888) |
| Repayment of subordinated notes | — | (40,000) |
| Issuance of subordinated notes, net of issuance costs | 83,997 | — |
| Taxes paid related to the vesting of restricted stock units | (644) | (691) |
| Repurchase of common stock | (16,159) | (3,918) |
| Cash dividends and dividend equivalents paid | (24,818) | (19,970) |
| Net cash used in financing activities | (170,402) | (70,703) |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 3,991 | 17,441 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 122,269 | 137,692 |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | $126,260 | $155,133 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
| Cash paid for interest | $56,887 | $44,191 |
| Net cash paid for income taxes: | ||
| Federal | $5,998 | $13,900 |
| Illinois | 2,900 | 6,675 |
| Other states | 435 | 465 |
| Total | $9,333 | $21,040 |
| SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES | ||
| Transfers of loans to foreclosed assets | $578 | $1,605 |
| Transfers of bank premises and equipment to bank premises held for sale | $337 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.