HBT Financial, Inc. (HBT) Stock

HBT Financial, Inc. (HBT) is a Financials stock trading at $35.72 (as of 2026-08-21), with a market capitalization of $1.30B and a trailing P/E of 16.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

HBT Financial, Inc. serves as the bank holding company for Heartland Bank and Trust Company, offering banking products such as deposits and loans to individuals, businesses, and municipal entities. It also provides wealth management, farmland management and related services, treasury management, and residential mortgage origination and sales.

Understand HBT Financial, Inc.: how it makes money

HBT Financial, Inc. is the bank holding company for Heartland Bank and Trust Company, providing business, commercial, and retail banking products and services by taking deposits and making commercial real estate and construction and land development loans.

For a community bank, profitability is most structurally driven by the credit quality of its loan portfolio (seen in nonperforming loans and net charge-offs) and by how efficiently it converts operating costs into operating income (seen in the efficiency ratio).

Business quality (Mixed): Operating margin is positive (20.9%), but credit and cost discipline remain key focus areas, given the bank metrics provided (nonperforming loans, net charge-offs, and efficiency ratio).

Valuation: At 14× earnings, HBT trades 10% above the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Operating profitability remains solid: The latest quarter shows an operating margin of 20.9%.
  • Cost discipline appears measurable: The Efficiency Ratio is 53.35%, providing a trackable view of operating expense control versus operating revenue.

Bear case

  • Credit quality can quickly change: Nonperforming Loans are 0.01 (USD_B), and Net Charge-Offs to Average Loans (Annualized) are 0.08%, so loan performance and loss severity are key risks.
  • Funding cost and deposit mix can pressure earnings: Cost of Funds is 0.96%, and changes in funding conditions could affect profitability for deposit-taking banks.
Valuation — source: SEC EDGAR (first-party)
Price$35.72
Market Cap$1.30B
P/E Ratio16.7
EV / EBITDA10.7
Price / Book1.70
Price / Sales4.49
DCF Value (model)$51.58
DCF Upside vs Price44.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$255.78M
Net Margin30.1%
Revenue Growth (YoY)38.6%
EPS Growth (YoY)26.2%
Valuation vs Sector & Industry
Stock P/E16.7
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
vs Sector10.4%
vs Industry29.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($42.96M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOJ. Lance Carter
Employees844
CountryUS
IPO Date2019-10-11

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

  • Lakeland Financial Corporation (LKFN)
  • Amalgamated Financial Corp. (AMAL)
  • Peoples Bancorp Inc. (PEBO)
  • Tompkins Financial Corporation (TMP)
  • Community Trust Bancorp, Inc. (CTBI)
  • First Mid Bancshares, Inc. (FMBH)
  • Old Second Bancorp, Inc. (OSBC)
  • Univest Financial Corporation (UVSP)
HBT earnings history · HBT institutional & insider holders · HBT KPIs & operating metrics · HBT financials · HBT investor presentations & press releases · HBT SEC filings · HBT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.