$35.790
+0.079 (+0.22%)At close
HBT News
HBT Events
DA Davidson Raises HBT Financial Price Target to $38
DA Davidson analyst Jeff Rulis raised the firm's price target on HBT Financial to $38 from $36 and keeps a Neutral rating on the shares. The firm cites the company's announced merger agreement with Tri-Country Financial Group, which is the second market fill-in for the bank in less than a year and adds further density to the Illinois footprint, the analyst tells investors in a research note. DA Davidson adds it sees the deal positively with attractive economics, strategic fit, and non-disruptive to HBT's operating efficiency.
HBT Financial and Tri-County Merge in $204.6M Deal
HBT Financial and Tri-County Financial jointly announced the signing of a definitive agreement pursuant to which Tri-County will merge with and into HBT Financial in a combined common stock/cash transaction valued at approximately $204.6M, based on HBT Financial's closing stock price of $36.35 as of August 7. The combined company will have approximately $8.3B in total assets, $6B in total loans, and approximately $7.1B in total deposits, with branch locations across Illinois, eastern Iowa, and suburban St. Louis. First State Bank is a community bank with 19 banking locations throughout central and northern Illinois. First State Bank had total assets of $1.6B, total loans of $1.3B, and total deposits of $1.3B as of June 30. The transaction has been unanimously approved by each company's board of directors, and shareholders collectively holding approximately 28% of the outstanding shares of Tri-County common stock have entered into voting agreements pursuant to which they have agreed, among other things, to vote their shares of Tri-County common stock in favor of the transaction. The merger is expected to close in the first quarter of 2027, subject to approval by Tri-County's shareholders, required regulatory approvals, and other customary closing conditions. Under the terms of the merger agreement, Tri-County shareholders will have the right to receive either 2.4589 shares of HBT Financial's common stock for each share of Tri-County stock, $71.01 per share in cash, or a combination of cash and stock consideration, subject to adjustment and to the election and proration provisions in the merger agreement. Based upon HBT Financial's closing stock price of $36.35 on August 7, the implied per share purchase price is $82.89 with an aggregate transaction value of approximately $204.6M. Upon closing of the transaction, shareholders of Tri-County are expected to hold approximately 9% of HBT Financial's outstanding common stock. Pursuant to the merger agreement, at the effective time of the merger, HBT Financial expects to appoint current Tri-County director Thomas K. Prescott to the Boards of Directors of HBT Financial and Heartland Bank, subject to HBT Financial's corporate governance procedures.
HBT Financial Reports Q2 Revenue of $80.9M, Exceeding Expectations
Reports Q2 revenue $80.9M, consensus $80.34M.Reports Q2 tangible book value per share $17.60. Reports Q2 CET1 capital ratio 12.64%. J. Lance Carter, President and Chief Executive Officer of HBT Financial, said, "Our first full quarter after the closing of our acquisition of CNB Bank Shares, Inc. and its wholly owned subsidiary, CNB Bank & Trust, N.A. delivered strong results. For the second quarter, we reported adjusted net income of $28.5 million, or $0.78 per diluted share, adjusted ROAA of 1.70% and adjusted ROATCE of 18.13%. Our net interest margin on a tax equivalent basis increased 13 basis points to 4.38% compared to the first quarter of 2026. While some of that increase was driven by higher than expected loan accretion income, net interest margin also increased as maturing fixed rate loans repriced higher and securities cash flows were reinvested at higher rates, which offset an increase in cost of funds related to the deposit base acquired from CNB Bank. Noninterest income and noninterest expense were both in line with expectations as we are now realizing the full benefit of our acquisition and all material cost savings."
Major Averages Close Mixed Amid Escalating Geopolitical Tensions
The major averages had a mixed close amid stalled peace negotiations between the U.S. and Iran as well as new escalation in the Strait of Hormuz. Investors are also balancing continued strength in corporate earnings and AI-driven optimism with rising geopolitical tension and macro uncertainty.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Verizonprovided areport for Q1Domino's Pizzareportedand announced an additional $1B share repurchase programShellARC Resourcesfor C$32.80 per shareSun PharmaOrganonfor $14 per share in an all-cash transactionChina has blocked Meta's2. WALL STREET CALLS:Snapto Buy at Rothschild & Co RedburnRothschildPinterestto Neutral from BuyMizuhoAdobeon intensifying competition from AIMizuhoCrowdStrike, citing "numerous exciting growth avenues"Campbell'sto Market Perform at Bernstein3. AROUND THE WEB:Rogers Communicationsis offering voluntary buyouts to half of its staff, Globe and Mail reportsGoogleemployees are urging CEO Sundar Pichai to block military AI use, FT reportsSamsungplans to withdraw from China's home appliance and television market this year, Nikkei Asia reportsBig tech companies are preparing to spend hundreds of billions of dollars on AI infrastructure, with most of their plans dependent on ASML, WSJ saysBayeris hoping the U.S. Supreme Court can reduce or simplify the lawsuits over its Roundup weedkiller and potentially corral litigation that has cost the company over $10B, Bloomberg says4. MOVERS:Veradermicsgained after announcing its Phase 2/3 trial of VDPHL01RE/MAX Holdingsincreased after announcing it will befor $13.80 per shareFlowserve (FLS) rose afterthat Starboard has built a stake in the company and is pushing for changesCompass Therapeuticswas lower afterfrom its COMPANION-002 studyPoet Technologiesfell afterof Celestial AI purchase orders5. EARNINGS/GUIDANCE:Lakeland Financial, with CEO David Findlay commenting, "We started 2026 with robust, record net income for the second consecutive quarter"HBT Financial, with EPS and revenue beating consensusRepay Holdingsreportedand reaffirmed its guidance for FY26WWreaffirmed itsand FY26 financial guidanceGold RoyaltyreportedINDEXES:The Dow fell 62.92, or 0.13%, to 49,167.79, the Nasdaq gained 50.50, or 0.20%, to 24,887.10, and the S&P 500 advanced 8.83, or 0.12%, to 7,173.91.
Major Averages Decline Amid Stalled US-Iran Peace Talks
The major averages were broadly lower amid stalled peace negotiations between the U.S. and Iran as well as new escalation in the Strait of Hormuz. Investors are also balancing continued strength in corporate earnings and AI-driven optimism with rising geopolitical tension and macro uncertainty.The collapse of U.S-Iran peace talks has pushed oil prices higher, raising fresh concerns about inflation and global growth. Of note, Iran's Foreign Ministry spokesperson has said that no meeting between the U.S. and Iran is currently planned.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Verizonprovided areport for Q1Domino's Pizzareportedand announced an additional $1B share repurchase programShellARC Resourcesfor C$32.80 per shareSun PharmaOrganonfor $14 per share in an all-cash transactionChina has blocked Meta's2. WALL STREET CALLS:Snapto Buy at Rothschild & Co RedburnRothschildPinterestto Neutral from BuyMizuhoAdobeon intensifying competition from AIMizuhoCrowdStrike, citing "numerous exciting growth avenues"Campbell'sto Market Perform at Bernstein3. AROUND THE WEB:Samsungplans to withdraw from China's home appliance and television market this year, Nikkei Asia reportsAmazonhas entered a multiyear licensing deal with Oprah Winfrey, NY Times reportsBig tech companies are preparing to spend hundreds of billions of dollars on AI infrastructure, with most of their plans dependent on ASML, WSJ saysSouth Korea and Googlehave agreed to establish an AI campus in Seoul to strengthen collaboration with local engineers and startups, Reuters reportsBayeris hoping the U.S. Supreme Court can reduce or simplify the lawsuits over its Roundup weedkiller and potentially corral litigation that has cost the company over $10B, Bloomberg says4. MOVERS:Veradermicsgains after announcing its Phase 2/3 trial of VDPHL01 met allRE/MAX Holdingsincreases after announcing it will befor $13.80 per shareNokia (NOK) higher in New York after Argusthe stock to Buy from HoldCompass Therapeuticslower afterfrom its COMPANION-002 studyPoet Technologiesfalls after announcing thepurchase orders5. EARNINGS/GUIDANCE:Lakeland Financial, with CEO David Findlay commenting, "We started 2026 with robust, record net income for the second consecutive quarter"HBT Financial, with EPS and revenue beating consensusRepay Holdingsand reaffirmed its guidance for FY26WWreaffirmed itsand FY26 financial guidanceGold RoyaltyINDEXES:Near midday, the Dow was down 0.25%, or 123.57, to 49,107.14, the Nasdaq was down 0.28%, or 68.97, to 24,767.63, and the S&P 500 was down 0.14%, or 9.68, to 7,155.40.
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