HBT
HBT Financial, Inc.
HBT's fundamentals are mixed, but it looks expensive: trading at 15x earnings, above its usual 10x. Analysts expect strong earnings growth.
HBT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
HBT's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like HBT.
HBT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.1x | $23.32 | -38% |
| Fair | 10x | $25.73 | -31% |
| Expensive | 11x | $28.51 | -24% |
| Forward | 11x | $37.49 | — |
| Current | 15x | $37.49 | — |
Historical ranges are pointers, not guarantees.
HBT's PE is in its expensive range at 15x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
HBT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for HBT, but weaker profitability.
HBT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.45 | +35% |
| Q3 2026 | $2.56 | +3.2% |
| Q2 2026 | $2.33 | -3.7% |
| Q1 2026 | $2.18 | -8.4% |
| Q4 2025 | $2.44 | +8% |
| Q3 2025 | $2.48 | +13% |
| Q2 2025 | $2.42 | +8% |
| Q1 2025 | $2.38 | +5.8% |
| Q4 2024 | $2.26 | +9.2% |
HBT earned $2.56 per share over the past year, up 3.2% from the year before.
HBT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $84.6M | +41% |
| Q2 2026 | $80.9M | +38% |
| Q1 2026 | $67.3M | +16% |
| Q4 2025 | $60.4M | +2.4% |
| Q3 2025 | $59.8M | +6% |
| Q2 2025 | $58.8M | +3.8% |
| Q1 2025 | $58M | +11% |
| Q4 2024 | $59M | +4.9% |
HBT's revenue has grown year over year for eight quarters in a row: $85M last quarter, up 41% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +5.5 points |
| Q2 2026 | 47% | +1.9 points |
| Q1 2026 | 22% | -22 points |
| Q4 2025 | 43% | -3.5 points |
| Q3 2025 | 45% | +1.2 points |
| Q2 2025 | 45% | +0.8 points |
| Q1 2025 | 44% | +4.7 points |
| Q4 2024 | 46% | +2.4 points |
HBT's operating margin was 50% last quarter, up 5.5 points from the same quarter a year ago, near the top of its range since 2019.
HBT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $34.5M | +101% |
| Q2 2026 | $17.2M | +27% |
| Q1 2026 | $28.5M | -6.3% |
| Q4 2025 | $23.9M | +38% |
| Q3 2025 | $17.2M | -33% |
| Q2 2025 | $13.6M | -32% |
| Q1 2025 | $30.4M | +14% |
| Q4 2024 | $17.3M | +33% |
HBT's free cash flow was $104M over the past year, up 33% from the year before. Free cash flow isn't a meaningful measure for financial services companies like HBT.
HBT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +22.7K shares |
| 1 year | +16% | +4.9M shares |
| 3 years | +14% | +4.5M shares |
| 5 years | +33% | +9.1M shares |
| Available history | +33% | +9M shares |
HBT has 36M diluted shares, up 16% from a year ago, despite $17M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $426,000 |
| Q1 2026 | $15.7M |
| Q4 2025 | $587,000 |
| Q3 2025 | $1M |
| Q2 2025 | $2.9M |
| Q1 2025 | — |
| Q4 2024 | — |
HBT spent $17M buying back its own shares over the past year, about four times what it spent the year before.
HBT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -2.1x | Net Cash |
| Q4 2025 | -1.1x | Net Cash |
| Q3 2025 | -1.4x | Net Cash |
| Q2 2025 | -1.5x | Net Cash |
| Q1 2025 | -1.6x | Net Cash |
| Q4 2024 | -1.0x | Net Cash |
HBT has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like HBT.
HBT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 70.3 | Overbought |
| Stochastic | 65.9 | Neutral |
HBT's weekly RSI is 70 (overbought) and its Stochastic is 66 (neutral).
HBT PE vs Financial Services Sector
| Metric | HBT | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 12% above |
| PE % | 95 | 63 | 32 pts above |
HBT is trading at 15x earnings, a 12% premium to the Financial Services sector's median of 13x.
HBT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.3 | 3.3% above |
| 20 week MA | $35.5 | 5.5% above |
| 50 week MA | $30.9 | 22% above |
| 100 week MA | $27.4 | 37% above |
| 200 week MA | $23.8 | 58% above |
HBT is in an uptrend: it's above all five of its weekly moving averages, and 58% above its 200-week average.
HBT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.8 | $15.1 | -19% |
| 2021 | $15.1 | $18.7 | +24% |
| 2022 | $18.7 | $19.6 | +4.9% |
| 2023 | $19.6 | $21.1 | +7.9% |
| 2024 | $21.1 | $21.7 | +2.7% |
| 2025 | $21.7 | $26.0 | +20% |
| 2026 YTD | $26.0 | $37.5 | +44% |
HBT has finished higher in five of the last six years. It's up 44% so far in 2026.