HBT completed the acquisition of CNB Bank Shares, Inc. (timing early 2026), demonstrating an active M&A strategy. The company pursues capital actions including subordinated debt issuance and completed bank mergers that expand the Heartland Bank franchise in Illinois-area markets.
Cyborg Score Rationale
HBT reported Q1 2026 adjusted net income of $22.6 million ($0.68 adjusted EPS). EPS is expected to grow by 22% over the next 2 years. Dividend sustainability remains strong with consistent payout discipline and recent acquisitions supporting growth.
Top Insights
Dividend has increased by an average of 7.4% per year over the past 6 years with stable payments.
Company issued $85 million of Fixed-to-Floating Rate Subordinated Notes in March 2026 paying 5.75% fixed rate for five years, then SOFR plus 233 basis points.
CNB Bank Shares acquisition completed in early 2026, signaling strategic expansion momentum.
Q4 2025 reported adjusted net income of $20.1 million ($0.64 adjusted EPS).
Named Competitors
Wintrust Financial — Midwest community bank holding company
ByDesign Bank — Regional bank with Midwest presence
Commerce Bancorp — Regional community banking
Recent Developments
(May 2026) Annual Meeting of Stockholders held
(April 2026) Michael J. Morton appointed to boards with 40 years banking experience
(March 2026) Issued $85 million subordinated notes due 2036
(Early 2026) Completed acquisition of CNB Bank Shares, Inc.
(January 2026) Declared quarterly dividend of $0.23 per share
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