HBT Financial (HBT) Could Be 51% Below Fair Value On The Tri County Deal

HBT Financial (parent of Heartland Bank and Trust) agreed to buy Tri-County Financial Group in a cash-and-stock deal valued at about $204.6 million. The transaction would add nearly one-quarter to raise HBT assets to about $8.3 billion. First State Bank has $1.6B assets. Deal expected Q1 2027; Tri-County mortgage operations will be sold or cease before closing.

HBT Financial (NASDAQ:HBT) reported Q2 results ahead of forecasts. Adjusted EPS was $0.78 vs $0.73 expected, and revenue was $80.89 million vs $80.36 million expected. Net interest income rose to $69.1 million and net interest margin increased to 4.38%. The quarter was its first full period after acquiring CNB Bank Shares. A $0.25 quarterly dividend was approved.

HBT Financial, Inc. (HBT) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 hbt-20260630ex991.htm EX-99.1 Document EXHIBIT 99.1 HBT FINANCIAL, INC. ANNOUNCES SECOND QUARTER 2026 FINANCIAL RESULTS Quarterly Cash Dividend Increased to $0.25 per Share Second Quarter Highlights • Net income of $27.8 million, or $0.76 per diluted share; return on av

HBT Financial (NASDAQ:HBT) shares hit a new 52-week high after Piper Sandler raised its price target to $34 from $32 and kept a neutral rating. The stock traded up to $32.11 and last at $31.28. Piper’s move followed other analyst target/rating changes. HBT reported $0.68 EPS and $67.84M revenue in April and pays a $0.23 quarterly dividend.

TC Energy (TRP) agreed to sell its Guadalajara-Manzanillo pipeline to ESENTIA affiliates for approximately C$560 million (US$400 million), with closing expected in early 2027. The company plans to reinvest proceeds into growth opportunities, such as the Central Virginia Capacity and Clark expansions, but faces uncertainty about replacing the lost cash flow.

Elemental Royalty (ELE) agreed to acquire five streams and royalties for $290M, including $200M in cash and $90M in shares. Three assets generate cash flow, with expected additional 1,500 GEOs in 2026. The deal is expected to close in Q4 2026, with Snowy River potentially closing in Q1 2027. ELE's Q2 revenue was $23.8M, with $15.5M in operating cash flow. The acquisition may expand cash generation but comes with financing and dilution risks.