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Midland States Bancorp vs HBT Financial: MSBI and HBT compared
Midland States Bancorp is the larger company: $86.0M of revenue in its latest quarter (Q3 2026) against $84.6M for HBT Financial (Q3 2026). HBT Financial is growing faster (+41% against +6% a year earlier). HBT Financial is more profitable, with an operating margin of 50.2% against 34.2%.
Where the money goes: MSBI and HBT
Midland States Bancorp (MSBI) · Q3 2026
Midland States Bancorp, Q3 2026: revenue $86.0M (+6% year over year), operating margin 34.2%, net earnings $22.8M, operating cash flow $38.4M. The chart follows the revenue to costs, profit and cash.
HBT Financial (HBT) · Q3 2026
HBT Financial, Q3 2026: revenue $84.6M (+41% year over year), operating margin 50.2%, net earnings $31.4M, operating cash flow $34.5M. The chart follows the revenue to costs, profit and cash.
| Midland States Bancorp (MSBI) | HBT Financial (HBT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $86.0M | $84.6M |
| Revenue growth, Y/Y | +6% | +41% |
| Operating margin | 34.2% | 50.2% |
| Net earnings | $22.8M | $31.4M |
| Net margin | 26.5% | 37.1% |
| Operating cash flow | $38.4M | $34.5M |
| Free cash flow | $37.9M | $33.2M |
Where the revenue comes from
Midland States Bancorp
- Net interest income: $62.7M (73%)
- Noninterest income: $23.2M (27%)
HBT Financial
- Net interest income: $70.3M (83%)
- Noninterest income: $14.2M (17%)
Questions
Which is bigger, Midland States Bancorp or HBT Financial?
Midland States Bancorp is the larger company: $86.0M of revenue in its latest quarter (Q3 2026) against $84.6M for HBT Financial (Q3 2026).
Is Midland States Bancorp or HBT Financial growing faster?
HBT Financial is growing faster (+41% against +6% a year earlier).
Which is more profitable, Midland States Bancorp or HBT Financial?
HBT Financial is more profitable, with an operating margin of 50.2% against 34.2%.
More: Midland States Bancorp earnings · how Midland States Bancorp makes money · HBT Financial earnings · how HBT Financial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.