HBT Financial (HBT) Cash Flow: Operating & Free Cash Flow

HBT Financial (HBT) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), HBT Financial generated $85.07M of operating cash flow and spent $10.25M on capital expenditures. That left free cash flow of $74.82M, down 10.8% from $83.87M a year earlier, or 31.7% of revenue. It returned $31.11M to shareholders through $26.61M in dividends and $4.50M in share buybacks.

HBT Financial Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for HBT Financial, Inc. (HBT) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	77.01	71.78	65.84	56.46	56.27	36.85	66.87	63.80	56.10
Depreciation & Amortization	5.93	5.78	5.78	3.92	4.13	4.17	4.13	4.78	5.21
Deferred Income Tax	0.33	1.00	3.82	-2.92	2.91	-0.34	-2.70	0.00	0.00
Stock Based Compensation	1.94	1.75	1.95	1.95	0.76	0.35	0.00	0.00	0.00
Change in Working Capital	0.29	4.29	-18.66	7.39	-17.60	-10.13	20.73	0.31	1.39
Change in Accounts Receivable	0.99	-0.24	-1.92	-4.61	0.24	-0.30	1.35	-0.55	-1.33
Change in Other Working Capital	-1.91	5.02	0.67	11.99	15.11	-9.83	19.38	0.87	2.72
Other Operating Activities	-2.37	1.57	0.67	5.80	15.11	0.36	-0.02	11.10	9.38
Net Cash from Operating Activities	85.07	89.37	65.83	72.59	43.02	31.26	89.09	79.99	72.08
Investing Activities
Capital Expenditures	-10.25	-5.51	-3.13	-1.05	-1.03	-1.87	-2.15	-1.66	-2.16
Acquisitions	0.00	0.00	-14.45	0.00	-4.77	0.00	0.11	0.00	0.00
Purchases of Investments	-234.33	-105.34	-3.04	-371.68	-513.84	-523.56	-73.12	-189.41	-355.55
Sales/Maturities of Investments	190.59	195.57	287.91	154.17	213.49	223.00	201.47	275.77	275.61
Other Investing Activities	1.39	4.30	7.72	-116.56	6.36	-78.03	-11.02	-19.61	-8.21
Net Cash from Investing Activities	-39.64	32.35	132.66	-335.12	-349.61	-380.45	115.34	65.09	-90.31
Financing Activities
Debt Repayment	-47.89	-0.70	-234.20	160.00	-12.52	39.21	-1.76	-29.00	25.00
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	138.49	0.00	0.00
Common Stock Repurchased	-4.51	-4.42	-8.91	-4.78	-4.91	0.00	0.00	-0.91	0.00
Dividends Paid	-26.61	-24.18	-21.87	-18.58	-16.75	-16.52	-224.96	-42.62	-57.07
Other Financing Activities	-0.69	-0.33	-0.18	-169.21	-12.52	354.98	-19.12	-51.36	-22.76
Net Cash from Financing Activities	-60.85	-125.28	-171.40	-32.57	403.41	377.68	-107.34	-123.89	-54.83
Summary
Net Change in Cash	-15.42	-3.56	27.09	-295.11	96.82	28.48	97.09	21.20	-73.06
Cash at Beginning of Period	137.69	141.25	114.16	409.27	312.45	283.97	186.88	165.68	238.74
Cash at End of Period	122.27	137.69	141.25	114.16	409.27	312.45	283.97	186.88	165.68
Free Cash Flow	74.82	83.87	62.70	71.54	42.00	29.39	86.94	78.34	69.92
Supplemental Disclosures
Interest Paid	-	64.72	32.85	6.86	5.93	-	-	-	-
Income Taxes Paid	-	23.88	20.51	20.04	20.86	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About HBT Financial Cash Flow

What is HBT Financial's free cash flow?

HBT Financial generated free cash flow of $74.82M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $85.07M minus $10.25M of capital expenditures. That was down 10.8% from $83.87M a year earlier. Free cash flow equaled 31.7% of revenue.

How much does HBT Financial spend on capital expenditures?

HBT Financial spent $10.25M on capital expenditures in fiscal 2025, compared with $5.51M a year earlier. That equals 12.0% of operating cash flow.

Does HBT Financial pay dividends or buy back shares?

Yes. In fiscal 2025 HBT Financial returned $26.61M in dividends and $4.50M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition