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HBT Financial, Inc. (HBT) 10-Year Financial Performance & Capital Metrics

HBT • • Banking & Credit
Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks
AboutHBT 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.Show more
  • Net Interest Income $189M -1.2%
  • Total Revenue $285M +8.2%
  • Net Income $72M +9.0%
  • Return on Equity 13.88% -9.0%
  • Net Interest Margin 3.75% -0.4%
  • Efficiency Ratio 42.76% -13.0%
  • ROA 1.42% +1.0%
  • Equity / Assets 10.82% +12.1%
  • Book Value per Share 17.17 +11.3%
  • Tangible BV/Share 14.13 +15.0%
  • Debt/Equity 0.25 -17.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓Strong NIM of 3.8%
  • ✓Efficient operations: 42.8% efficiency ratio
  • ✓Well capitalized: 10.8% equity/assets
  • ✓Healthy dividend yield of 2.8%
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y10.41%
3Y20.2%
TTM-

Profit (Net Income) CAGR

10Y-
5Y1.43%
3Y8.45%
TTM11.99%

EPS CAGR

10Y-
5Y-7.46%
3Y3.81%
TTM12.73%

ROCE

10Y Avg14.28%
5Y Avg13.54%
3Y Avg13.87%
Latest14.81%

Peer Comparison

Midwest Community Banks
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TFSLTFS Financial Corporation3.97B14.1344.164.37%11.49%4.41%1.15%2.57
ASBAssociated Banc-Corp4.43B26.7037.084.42%5.85%3.62%12.08%0.69
ASBAAssociated Banc-Corp4.11B24.7830.98-6.56%12.92%3.77%13.02%0.17
BANFBancFirst Corporation3.81B114.3017.7512.28%23.81%13.33%5.89%0.05
SYBTStock Yards Bancorp, Inc.2.03B68.8317.6915.84%22.86%12.99%6.56%0.53
PRKPark National Corporation2.63B163.7617.5714.4%23.46%13.22%6.44%0.24
NICNicolet Bankshares, Inc.1.97B133.0816.5324.6%23.88%11.4%5.95%0.14
LKFNLakeland Financial Corporation1.52B59.4716.389.38%21.74%13.06%6.18%

Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+121M129.44M133.8M117.61M122.4M145.87M191.07M188.85M
NII Growth %-0.07%0.03%-0.12%0.04%0.19%0.31%-0.01%
Net Interest Margin %--------
Interest Income127.59M137.43M143.74M124.06M128.22M153.05M229M251.7M
Interest Expense6.59M7.99M9.94M6.46M5.82M7.18M37.93M62.85M
Loan Loss Provision3.14M5.7M3.4M10.53M-8.08M-706K7.57M3.03M
Non-Interest Income+30.19M28.53M30.12M32.7M36.01M33.67M34.64M33.52M
Non-Interest Income %--------
Total Revenue+157.78M165.96M173.85M156.77M164.23M186.72M263.64M285.21M
Revenue Growth %-0.05%0.05%-0.1%0.05%0.14%0.41%0.08%
Non-Interest Expense91.08M87.61M88.39M90.2M89.93M104.06M129.56M121.95M
Efficiency Ratio--------
Operating Income+56.97M64.67M72.12M49.57M76.56M76.19M88.58M97.38M
Operating Margin %--------
Operating Income Growth %-0.14%0.12%-0.31%0.54%-0%0.16%0.1%
Pretax Income+56.97M64.67M72.12M49.57M76.56M76.19M88.58M97.38M
Pretax Margin %--------
Income Tax+870K869K5.26M12.73M20.29M19.73M22.74M25.6M
Effective Tax Rate %--------
Net Income+56.1M63.8M66.86M36.84M56.27M56.46M65.84M71.78M
Net Margin %--------
Net Income Growth %-0.14%0.05%-0.45%0.53%0%0.17%0.09%
Net Income (Continuing)56.1M63.8M66.86M36.84M56.27M56.46M65.84M71.78M
EPS (Diluted)+2.132.423.331.342.022.092.072.26
EPS Growth %-0.14%0.38%-0.6%0.51%0.03%-0.01%0.09%
EPS (Basic)2.132.423.331.342.022.092.082.27
Diluted Shares Outstanding26.33M26.33M20.09M27.46M27.8M28.92M31.74M31.71M

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+1000K1000K1000K1000K1000K1000K1000K1000K
Cash & Due from Banks166.43M187.13M284.22M312.45M409.76M114.16M141.76M137.69M
Short Term Investments1000K1000K1000K1000K1000K1000K1000K1000K
Total Investments+3.01B2.93B2.83B3.23B3.77B3.99B4.66B4.63B
Investments Growth %--0.02%-0.03%0.14%0.17%0.06%0.17%-0.01%
Long-Term Investments2.24B2.25B2.24B2.3B2.82B3.14B3.9B4.58B
Accounts Receivables1000K1000K1000K1000K1000K1000K1000K1000K
Goodwill & Intangibles+--------
Goodwill23.62M23.62M23.62M23.62M29.32M29.32M59.82M59.82M
Intangible Assets17.3M16.37M12.55M8.73M9.94M11.22M39.68M36.67M
PP&E (Net)56.31M54.74M53.99M52.9M52.48M50.47M65.15M66.76M
Other Assets27.84M19.45M24.16M27.33M30.82M75M87.16M75.72M
Total Current Assets950.75M881.95M890.57M1.25B1.37B977.19M925.76M214.75M
Total Non-Current Assets2.36B2.37B2.35B2.42B2.95B3.31B4.15B4.82B
Total Assets+3.31B3.25B3.25B3.67B4.31B4.29B5.07B5.03B
Asset Growth %--0.02%-0%0.13%0.18%-0.01%0.18%-0.01%
Return on Assets (ROA)0.02%0.02%0.02%0.01%0.01%0.01%0.01%0.01%
Accounts Payable00000000
Total Debt+104.29M83.71M82.02M122.62M138.29M280.26M147.33M134.6M
Net Debt-62.14M-103.42M-202.2M-189.83M-271.47M166.1M5.57M-3.09M
Long-Term Debt66.45M37.52M37.58M76.89M77.03M237.18M104.89M105.63M
Short-Term Debt37.84M46.2M44.43M45.74M61.26M43.08M42.44M28.97M
Other Liabilities28.98M29.49M53.31M49.49M25.9M45.82M34.91M35.44M
Total Current Liabilities2.89B2.84B2.82B3.18B3.8B3.63B4.44B4.35B
Total Non-Current Liabilities95.44M67.01M90.9M126.38M102.93M283M139.79M141.07M
Total Liabilities2.99B2.91B2.91B3.3B3.9B3.91B4.58B4.49B
Total Equity+323.92M340.4M332.92M363.92M411.88M373.63M489.5M544.61M
Equity Growth %-0.05%-0.02%0.09%0.13%-0.09%0.31%0.11%
Equity / Assets (Capital Ratio)--------
Return on Equity (ROE)0.17%0.19%0.2%0.11%0.15%0.14%0.15%0.14%
Book Value per Share12.3012.9316.5713.2514.8212.9215.4217.17
Tangible BV per Share--------
Common Stock181K181K275K275K293K293K327K328K
Additional Paid-in Capital32.29M32.29M190.52M190.88M220.89M222.78M295.88M0
Retained Earnings293.93M315.23M134.29M154.61M194.13M232M269.05M316.76M
Accumulated OCI-375K-4.29M7.83M18.15M1.47M-71.76M-57.16M250.53M
Treasury Stock-2.11M-3.02M00-4.91M-9.69M-18.6M-23.02M
Preferred Stock00000000

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+72.08M79.99M89.09M31.25M43.1M72.59M65.83M89.37M
Operating CF Growth %-0.11%0.11%-0.65%0.38%0.68%-0.09%0.36%
Net Income56.1M63.8M66.86M36.84M56.27M56.46M65.84M71.78M
Depreciation & Amortization5.21M4.78M4.13M4.17M4.13M3.92M5.78M5.78M
Deferred Taxes00-2.69M-339K2.91M-2.92M3.82M996K
Other Non-Cash Items9.38M11.1M-22K355K-3.45M5.8M7.1M4.77M
Working Capital Changes1.39M313K20.73M-10.13M-17.6M7.39M-18.66M4.29M
Cash from Investing+-90.31M65.09M115.34M-380.45M-349.61M-335.12M132.66M32.35M
Purchase of Investments-355.55M-189.41M-73.12M-523.56M-513.84M-371.68M-3.04M-105.34M
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K1000K1000K
Net Investment Activity--------
Acquisitions00114K0-4.77M0-14.45M0
Other Investing-8.21M-19.61M-11.02M-78.03M-43.47M-116.56M-134.62M-52.38M
Cash from Financing+-54.83M-123.89M-107.34M377.68M403.33M-32.57M-171.4M-125.28M
Dividends Paid-57.07M-42.62M-224.96M-16.52M-16.75M-18.58M-21.87M-24.18M
Share Repurchases0-907K00-4.91M-4.78M-8.91M-4.42M
Stock Issued00138.49M00000
Net Stock Activity--------
Debt Issuance (Net)1000K-1000K-1000K1000K-1000K1000K-1000K207K
Other Financing-22.76M-51.36M-19.11M354.98M437.5M-169.21M93.58M-96.88M
Net Change in Cash+-73.06M21.2M97.09M28.48M96.82M-295.11M27.09M-3.56M
Exchange Rate Effect00000000
Cash at Beginning238.74M165.68M186.88M283.97M312.45M409.27M114.16M141.25M
Cash at End165.68M186.88M283.97M312.45M409.27M114.16M141.25M137.69M
Interest Paid6.65M7.83M10.01M6.44M5.93M6.86M32.85M64.72M
Income Taxes Paid892K851K880K17.45M20.86M20.04M20.51M23.88M
Free Cash Flow+69.92M78.34M86.94M29.39M42.07M71.54M62.7M83.87M
FCF Growth %-0.12%0.11%-0.66%0.43%0.7%-0.12%0.34%

Banking Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)17.32%19.21%19.86%10.57%14.51%14.37%15.26%13.88%
Return on Assets (ROA)1.69%1.94%2.06%1.07%1.41%1.31%1.41%1.42%
Net Interest Margin3.65%3.98%4.12%3.21%2.84%3.4%3.77%3.75%
Efficiency Ratio57.72%52.79%50.84%57.54%54.76%55.73%49.14%42.76%
Equity / Assets9.78%10.48%10.26%9.93%9.55%8.72%9.65%10.82%
Book Value / Share12.312.9316.5713.2514.8212.9215.4217.17
NII Growth-6.98%3.37%-12.1%4.08%19.18%30.98%-1.16%
Dividend Payout101.72%66.81%336.43%44.83%29.77%32.92%33.22%33.69%

Revenue by Segment

201920202021202220232024
Card income--9.73M10.33M11.04M11.05M
Card income Growth---6.11%6.91%0.07%
Wealth management fees--8.38M9.15M9.88M10.98M
Wealth management fees Growth---9.20%7.95%11.08%
Service charges on deposit accounts--6.08M7.07M7.85M7.93M
Service charges on deposit accounts Growth---16.32%10.94%1.10%
Card Income7.76M8.09M----
Card Income Growth-4.15%----
Wealth Management Fees7.13M7.24M----
Wealth Management Fees Growth-1.54%----
Service Charges On Deposit Accounts7.87M5.99M----
Service Charges On Deposit Accounts Growth--23.93%----
Title Insurance Activity167K-----
Title Insurance Activity Growth------

Frequently Asked Questions

Valuation & Price

HBT Financial, Inc. (HBT) has a price-to-earnings (P/E) ratio of 12.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

HBT Financial, Inc. (HBT) grew revenue by 8.2% over the past year. This is steady growth.

Yes, HBT Financial, Inc. (HBT) is profitable, generating $78.3M in net income for fiscal year 2024 (25.2% net margin).

Dividend & Returns

Yes, HBT Financial, Inc. (HBT) pays a dividend with a yield of 2.80%. This makes it attractive for income-focused investors.

HBT Financial, Inc. (HBT) has a return on equity (ROE) of 13.9%. This is reasonable for most industries.

Industry Metrics

HBT Financial, Inc. (HBT) has a net interest margin (NIM) of 3.8%. This indicates healthy earnings from lending activities.

HBT Financial, Inc. (HBT) has an efficiency ratio of 42.8%. This is excellent, indicating strong cost control.

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