HBT Financial Q1 net income falls 41.3% to $11.2 million

• HBT Financial first-quarter net income fell 41.3% to USD 11.2 million, with diluted EPS dropping to USD 0.34.
• Net interest income rose 15.8% to USD 56.4 million, while net interest margin widened 8 basis points to 4.2%.
• Noninterest expense jumped 64.2% to USD 52.4 million, driven by USD 15.7 million in CNB acquisition-related expenses.
• Completed CNB acquisition on March 1, adding USD 1.81 billion in assets, USD 1.3 billion in loans held for investment, and USD 1.52 billion in deposits; recorded USD 23.7 million in goodwill.
• Total assets climbed to USD 6.8 billion, with loans held for investment reaching USD 4.7 billion and deposits rising to USD 5.8 billion.

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