Estados financieros detallados de HBT Financial, Inc. (HBT): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
HBT Financial, Inc. registró ingresos de $293.3M en el último ejercicio fiscal, con un CAGR de 5 años del 13.3%. El beneficio neto alcanzó $77.0M, con un CAGR a 5 años del 15.9%.
Márgenes de los últimos 12 meses: margen bruto 80.6%, margen operativo 31.8%, margen neto 23.5%. El flujo de caja libre creció a un CAGR del 20.6% en 5 años.
Al precio actual de $36.04, HBT cotiza a un P/E de 15.38 y un ROE del 11.41%. La capitalización bursátil es de $1.3B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $163.9M | $157.8M | $166.0M | $173.9M | $156.8M | $164.2M | $186.7M | $263.6M | $285.2M | $293.3M |
| Coste de Ventas | $13.0M | $9.7M | $13.7M | $13.3M | $17.0M | -$2.3M | $6.5M | $45.5M | $65.9M | $58.6M |
| Beneficio Bruto | $150.8M | $148.1M | $152.3M | $160.5M | $139.8M | $166.5M | $180.2M | $218.1M | $219.3M | $234.7M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $67.5M | $68.7M | $66.0M | $68.5M | $62.3M | $59.9M | $65.1M | $84.8M | $83.0M | $93.8M |
| Gastos Operativos | $91.2M | $91.1M | $87.6M | $88.4M | $90.2M | $89.9M | $104.1M | $129.6M | $122.0M | $130.2M |
| Beneficio Operativo | $59.6M | $57.0M | $64.7M | $72.1M | $49.6M | $76.6M | $76.2M | $88.6M | $97.4M | $104.5M |
| EBITDA | $65.3M | $62.2M | $69.4M | $76.3M | $53.7M | $80.7M | $80.1M | $94.4M | $103.2M | $109.6M |
| Gastos por Intereses | $6.6M | $6.6M | $8.0M | $9.9M | $6.5M | $5.8M | $7.2M | $37.9M | $62.9M | $56.9M |
| Beneficio Antes de Impuestos | $59.6M | $57.0M | $64.7M | $72.1M | $49.6M | $76.6M | $76.2M | $88.6M | $97.4M | $104.5M |
| Impuestos | $1.0M | $870000 | $869000 | $5.3M | $12.7M | $20.3M | $19.7M | $22.7M | $25.6M | $27.5M |
| Beneficio Neto | $58.5M | $56.1M | $63.8M | $66.9M | $36.8M | $56.3M | $56.5M | $65.8M | $71.8M | $77.0M |
| BPA | $2.22 | $2.13 | $2.42 | $3.33 | $1.34 | $2.02 | $2.09 | $2.08 | $2.27 | $2.44 |
| BPA Diluido | $2.22 | $2.13 | $2.42 | $3.33 | $1.34 | $2.02 | $2.09 | $2.07 | $2.26 | $2.44 |
| Acciones en Circulación (Diluidas) | $26.3M | $26.3M | $26.3M | $20.1M | $27.5M | $27.8M | $28.9M | $31.7M | $31.7M | $31.4M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $73.9M | $74.3M | $82.7M | $100.4M |
| Beneficio Bruto | $59.0M | $60.4M | $67.4M | $80.2M |
| Beneficio Operativo | $26.7M | $25.9M | $15.1M | $37.8M |
| EBITDA | $28.2M | $26.6M | $16.9M | $37.8M |
| Beneficio Neto | $19.8M | $18.9M | $11.2M | $27.8M |
| BPA | $0.63 | $0.60 | $0.34 | $0.77 |
| BPA Diluido | $0.63 | $0.60 | $0.34 | $0.76 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $166.4M | $187.1M | $284.2M | $312.5M | $409.8M | $114.2M | $141.8M | $137.7M | $24.4M |
| Inversiones a Corto | $769.6M | $679.5M | $592.4M | $922.9M | $942.2M | $843.5M | $759.5M | $52.3M | $813.1M |
| Cuentas por Cobrar | $14.7M | $15.3M | $14.0M | $14.3M | $14.9M | $19.5M | $24.5M | $24.8M | $23.8M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $950.7M | $882.0M | $890.6M | $1.25B | $1.37B | $977.2M | $925.8M | $214.7M | $861.3M |
| Inmovilizado Material | $56.3M | $54.7M | $54.0M | $52.9M | $52.5M | $50.5M | $65.2M | $66.8M | $73.6M |
| Fondo de Comercio | $23.6M | $23.6M | $23.6M | $23.6M | $29.3M | $29.3M | $59.8M | $59.8M | $59.8M |
| Activos Intangibles | $17.3M | $16.4M | $12.5M | $8.7M | $9.9M | $11.2M | $39.7M | $36.7M | $15.1M |
| Activos Totales | $3.31B | $3.25B | $3.25B | $3.67B | $4.31B | $4.29B | $5.07B | $5.03B | $5.07B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $37.8M | $46.2M | $44.4M | $45.7M | $61.3M | $43.1M | $42.4M | $29.0M | 0 |
| Pasivos Corrientes | $2.89B | $2.84B | $2.82B | $3.18B | $3.80B | $3.63B | $4.44B | $4.35B | $3.03B |
| Deuda a Largo | $66.5M | $37.5M | $37.6M | $76.9M | $77.0M | $237.2M | $104.9M | $105.6M | $65.2M |
| Pasivos Totales | $2.99B | $2.91B | $2.91B | $3.30B | $3.90B | $3.91B | $4.58B | $4.49B | $4.46B |
| Reservas | $293.9M | $315.2M | $134.3M | $154.6M | $194.1M | $232.0M | $269.1M | $316.8M | $367.2M |
| Patrimonio Neto | $323.9M | $340.4M | $332.9M | $363.9M | $411.9M | $373.6M | $489.5M | $544.6M | $615.5M |
| Deuda Total | $104.3M | $83.7M | $82.0M | $122.6M | $138.3M | $280.3M | $147.3M | $134.6M | $65.2M |
| Deuda Neta | -$831.7M | -$782.9M | -$794.6M | -$1.11B | -$1.21B | -$677.4M | -$753.9M | -$55.4M | -$772.3M |
| Capital Circulante | -$1.94B | -$1.96B | -$1.93B | -$1.93B | -$2.43B | -$2.65B | -$3.52B | -$4.13B | -$2.17B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $155.1M | $24.4M | $37.4M | $132.2M |
| Activos Totales | $5.04B | $5.07B | $6.77B | $6.73B |
| Pasivos Totales | $4.44B | $4.46B | $6.03B | $5.96B |
| Patrimonio Neto | $599.1M | $615.5M | $747.4M | $764.7M |
| Deuda Total | $60.2M | $65.2M | $154.3M | $149.3M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $58.5M | $56.1M | $63.8M | $66.9M | $36.8M | $56.3M | $56.5M | $65.8M | $71.8M | $77.0M |
| Amortizaciones | $5.8M | $5.2M | $4.8M | $4.1M | $4.2M | $4.1M | $3.9M | $5.8M | $5.8M | $5.9M |
| Compensación en Acciones | 0 | 0 | 0 | 0 | $351000 | $764000 | $1.9M | $2.0M | $1.8M | $1.9M |
| Cambio en Capital Circulante | -$68000 | $1.4M | $313000 | $20.7M | -$10.1M | -$17.6M | $7.4M | -$18.7M | $4.3M | $294000 |
| Flujo de Caja Operativo | $68.3M | $72.1M | $80.0M | $89.1M | $31.3M | $43.1M | $72.6M | $65.8M | $89.4M | $85.1M |
| Inversiones (CapEx) | -$1.5M | -$2.2M | -$1.7M | -$2.1M | -$1.9M | -$1.0M | -$1.0M | -$3.1M | -$5.5M | -$10.2M |
| Adquisiciones | 0 | 0 | 0 | $114000 | 0 | -$4.8M | 0 | -$14.5M | 0 | 0 |
| Recompra de Acciones | 0 | 0 | -$907000 | 0 | 0 | -$4.9M | -$4.8M | -$8.9M | -$4.4M | -$4.5M |
| Dividendos Pagados | -$40.7M | -$57.1M | -$42.6M | -$225.0M | -$16.5M | -$16.8M | -$18.6M | -$21.9M | -$24.2M | -$26.6M |
| Flujo de Caja Libre | $66.8M | $69.9M | $78.3M | $86.9M | $29.4M | $42.1M | $71.5M | $62.7M | $83.9M | $74.8M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $17.2M | $23.9M | $28.5M | $17.2M |
| Inversiones (CapEx) | -$2.3M | -$4.6M | -$2.7M | -$1.5M |
| Flujo de Caja Libre | $14.9M | $19.3M | $25.8M | $15.7M |
| Dividendos Pagados | -$6.7M | -$6.6M | -$7.3M | -$8.4M |
| Compensación en Acciones | $513000 | $556000 | $477000 | -$477000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -3.7% | +5.2% | +4.8% | -9.8% | +4.8% | +13.7% | +41.2% | +8.2% | +2.8% |
| Crecimiento Beneficio Neto (anual) | | -4.2% | +13.7% | +4.8% | -44.9% | +52.7% | +0.3% | +16.6% | +9.0% | +7.3% |
| Crecimiento BPA (anual) | | -4.1% | +13.6% | +37.6% | -59.8% | +50.7% | +3.5% | -0.5% | +9.1% | +7.5% |
| Cambio en Acciones (anual) | | -0.1% | +0.0% | -23.7% | +36.7% | +1.2% | +4.0% | +9.7% | -0.1% | -0.9% |
| Crecimiento FCF (anual) | | +4.6% | +12.0% | +11.0% | -66.2% | +43.2% | +70.0% | -12.4% | +33.8% | -10.8% |
| Margen Bruto | 92.0% | 93.8% | 91.8% | 92.3% | 89.2% | 101.4% | 96.5% | 82.7% | 76.9% | 80.0% |
| Margen Operativo | 36.4% | 36.1% | 39.0% | 41.5% | 31.6% | 46.6% | 40.8% | 33.6% | 34.1% | 35.6% |
| Margen EBITDA | 39.9% | 39.4% | 41.8% | 43.9% | 34.3% | 49.1% | 42.9% | 35.8% | 36.2% | 37.4% |
| Margen Neto | 35.7% | 35.6% | 38.4% | 38.5% | 23.5% | 34.3% | 30.2% | 25.0% | 25.2% | 26.3% |
| Margen FCF | 40.8% | 44.3% | 47.2% | 50.0% | 18.7% | 25.6% | 38.3% | 23.8% | 29.4% | 25.5% |
| Tasa Impositiva Efectiva | 1.7% | 1.5% | 1.3% | 7.3% | 25.7% | 26.5% | 25.9% | 25.7% | 26.3% | 26.3% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $2.54 | $2.66 | $2.98 | $4.33 | $1.07 | $1.51 | $2.47 | $1.98 | $2.64 | $2.38 |
| Dividendo por Acción | $1.55 | $2.17 | $1.62 | $11.20 | $0.60 | $0.60 | $0.64 | $0.69 | $0.76 | $0.85 |
| Acciones en Circulación (Básicas) | $26.3M | $26.3M | $26.3M | $20.1M | $27.5M | $27.8M | $28.9M | $31.6M | $31.6M | $31.4M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 11.41% |
| Rentabilidad sobre capital invertido | 8.02% |
| Rentabilidad sobre activos | 1.16% |
| Margen bruto | 80.60% |
| Margen operativo | 31.83% |
| Margen neto | 23.46% |
Salud financiera
| Deuda / Patrimonio | 0.20 |
| Ratio corriente | 0.30 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 7.00 | 7.30 | 6.42 | 5.70 | 11.31 | 9.27 | 9.36 | 10.15 | 9.65 | 10.59 |
| P/VC | 0.00 | 1.26 | 1.20 | 1.15 | 1.14 | 1.26 | 1.51 | 1.36 | 1.27 | 1.32 |
| P/V | 2.50 | 2.59 | 2.47 | 2.19 | 2.65 | 3.17 | 3.02 | 2.53 | 2.43 | 2.77 |
| Margen Bruto | 92.0% | 93.8% | 91.8% | 92.3% | 89.2% | 101.4% | 96.5% | 82.7% | 76.9% | 80.0% |
| Margen Operativo | 36.4% | 36.1% | 39.0% | 41.5% | 31.6% | 46.6% | 40.8% | 33.6% | 34.1% | 35.6% |
| Margen Neto | 35.7% | 35.6% | 38.4% | 38.5% | 23.5% | 34.3% | 30.2% | 25.0% | 25.2% | 26.3% |