HBT Financial (HBT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

HBT Financial

NasdaqGS•Financial Services•Banks - Regional

$36.58-0.10(<0.01%)After hours

Market Cap

$1.31B

P/E

16.9x

P/S

4.0x

P/B

1.7x

HBT Financial, Inc. operates as the bank holding company for Heartland Bank and Trust Company that provides financial products and services to consumers, businesses, and municipal entities in Illinois and Eastern Iowa. The company offers deposit account services, such as noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, certificates of deposit, HSA, and IRA accounts. It also provides lending products, including non-owner occupied regulatory commercial real estate (CRE), construction and land development and multi-family; commercial and industrial and owner-occupied CRE; agricultural and farmland; one-to-four family residential loans; municipal, consumer, and other loans; residential mortgage origination and servicing; and traditional trust and investment services. In addition, the company offers digital banking services comprising online banking, mobile banking, digital payments, and personal financial management tools; small business and commercial checking accounts, and treasury management services; financial planning to consumers, trusts, and estates; and trustee and custodial services. Further, it provides investment management services; corporate retirement plan consulting and administration; retail brokerage services; farm management services, broker farmland sale, and crop insurance. 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.

How this company scores

GoodMetricSide Score: 70/100

Strongest: Cash & Earnings Quality (21/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability18/25

Growth16/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality21/25

Strengths

Strong marginsLow leverageCash-backed earningsConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.9x5y range 9.4x – 16.9x

Currently above its 20-quarter median.

P/S · 4.0x5y range 2.4x – 4.0x

Currently above its 20-quarter median.

P/B · 1.7x5y range 1.2x – 1.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 10.6% — watch for continued compression, which may signal competitive or cost pressure.

Share Dilution

Red Flag

Shares outstanding increased 15.3% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $1.31B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $331.68M
Q. Revenue: $100.42M
TTM EBITDA: $109.65M
TTM Op. Income: $105.47M
Q. Op. Income: $37.77M
TTM Net Income: $77.75M
Q. Net Income: $27.84M
EPS: $0.77
Shares Out.: $36.37M

$331.68M in TTM revenue grew 13.3% YoY, reaching $100.42M last quarter. TTM EBITDA of $109.65M and TTM operating income of $105.47M show growth is flowing through to the bottom line. TTM net income of $77.75M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 80.6%
EBITDA Margin: 39.1%
Op. Margin: 37.6%
Net Margin: 27.7%

Op. margin of 37.6% is up 1.5% YoY — cost efficiency is improving. Net margin at 27.7% and gross margin of 80.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 4% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 16.9x
P/S Ratio: 4.0x
P/B Ratio: 1.7x

At 16.9x P/E, the stock trades within typical market levels. P/S of 4.0x and P/B of 1.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $6.73B
Cash: $132.25M
Long-Term Debt: $136.97M
Book Value: $764.73M
D/E Ratio: 0.2
Debt/EBITDA: 3.5

With $6.73B in assets and $136.97M in long-term debt, D/E is 0.2and book value is $764.73M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 13% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $17.22M
TTM Free Cash Flow: $86.81M
FCF Margin: 26.2%
FCF / Net Income: 1.1

TTM FCF of $86.81M on $17.22M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 0% — an improving trend.