HBT Financial, Inc. Announces Authorization of New $30 Million Stock Repurchase Program

HBT Financial (NASDAQ:HBT) announced that its Board approved a new $30 million stock repurchase program that takes effect when the current program expires on January 1, 2026.

Rhea-AI Summary

HBT Financial (NASDAQ:HBT) announced that its Board approved a new $30 million stock repurchase program that takes effect when the current program expires on January 1, 2026. The Program authorizes repurchases through January 1, 2027 and permits open-market, privately negotiated, or other transactions that comply with applicable securities law, including Rule 10b-18. The company is not obligated to buy shares and may suspend or end the Program at any time.

Positive

• $30 million authorized for repurchases under the Program
• Repurchases may be made via open-market or negotiated transactions
• Program explicitly allows compliance with Rule 10b-18

Negative

• Company is not obligated to repurchase any shares under the Program
• Program may be suspended or discontinued at any time without notice
• Timing and amount depend on price, volume, regulatory and market conditions

Argus Dec 18 session

+2.26% close to close Open Argus

Details

News Market Reaction – HBT

On Dec 18, the day this news came out, HBT closed 2.26% above the previous close.

Data tracked by StockTitan Argus for the Dec 18 session.

Key Figures

Repurchase authorization: $30 million Program start date: January 1, 2026 Program end date: January 1, 2027

Repurchase authorization

$30 million

Maximum common stock buybacks under new program

Program start date

January 1, 2026

Effective date after current program expiration

Program end date

January 1, 2027

Stated expiration of new repurchase program

Historical Context

5 past events · Latest: Oct 20

5 events

1. Oct 20

   Merger announcement

   24h Move

   +4.2%

   Definitive merger with CNB Bank Shares valued at about $170.2M.

2. Oct 20

   Earnings results

   24h Move

   +4.2%

   Strong Q3 2025 earnings with solid profitability and asset quality.

3. Oct 10

   Earnings notice

   24h Move

   +1.1%

   Scheduled Q3 2025 earnings release and investor materials timing.

4. Jul 21

   Earnings results

   24h Move

   +4.1%

   Strong Q2 2025 earnings with higher net income and margin.

5. Jul 08

   Earnings notice

   24h Move

   -1.3%

   Announcement of upcoming Q2 2025 earnings release date.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

stock repurchase program, Rule 10b-18, Securities Act of 1934

3 terms

stock repurchase program financial

"approved a new stock repurchase program (the “Program”) that takes effect..."

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

Rule 10b-18 regulatory

"including pursuant to the safe harbor provided under Rule 10b-18 of the Securities Act..."

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

Securities Act of 1934 regulatory

"safe harbor provided under Rule 10b-18 of the Securities Act of 1934, as amended"

The Securities Act of 1934 is a U.S. federal law that governs the ongoing trading of stocks, bonds and other publicly traded securities, setting rules for regular financial disclosure, anti-fraud protections and oversight of exchanges, brokers and trading markets. It matters to investors because those disclosure and conduct rules create transparency and accountability—like traffic laws for markets—helping people assess risk, detect problems and trade with greater confidence.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BLOOMINGTON, Ill., Dec. 18, 2025 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) (the “Company” or “HBT Financial”) announced today that its Board of Directors has approved a new stock repurchase program (the “Program”) that takes effect upon the expiration of the Company’s current stock repurchase program on January 1, 2026. The Company will not execute additional repurchases under the current program after January 1, 2026. The new Program authorizes the Company to repurchase up to $30 million of its common stock.

Stock repurchases under the Program may be made from time to time on the open market, in privately negotiated transactions, or in any other manner that complies with the applicable securities law (including pursuant to the safe harbor provided under Rule 10b-18 of the Securities Act of 1934, as amended), at the discretion of the management of the Company. The Program will be in effect until January 1, 2027, with the timing of purchases and number of shares repurchased under the Program dependent upon a variety of factors including price, trading volume, corporate and regulatory requirements, and market conditions. The Company is not obligated to purchase any shares under the Program, and the Program may be suspended or discontinued at any time without notice.

About HBT Financial, Inc.

HBT Financial, Inc., headquartered in Bloomington, Illinois, is the holding company for Heartland Bank and Trust Company, and has banking roots that can be traced back to 1920. HBT Financial provides a comprehensive suite of financial products and services to consumers, businesses, and municipal entities throughout Illinois and eastern Iowa through 66 full-service branches. As of September 30, 2025, HBT Financial had total assets of $5.0 billion, total loans of $3.4 billion, and total deposits of $4.3 billion.

CONTACT:
Peter Chapman
HBTIR@hbtbank.com
(309) 664-4556

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does HBT's new $30 million stock repurchase program start and end?

The Program becomes effective on January 1, 2026 and is in effect through January 1, 2027.

How much is HBT authorized to repurchase under the new program (NASDAQ:HBT)?

The Board authorized repurchases of up to $30 million of common stock under the Program.

Will HBT be required to buy shares under the new repurchase program?

No. The company is not obligated to purchase shares and may choose not to execute any repurchases.

What purchase methods will HBT use for repurchases under the Program?

Repurchases may occur on the open market, in privately negotiated transactions, or by other lawful methods, including Rule 10b-18.

Can HBT pause or stop the repurchase program before January 1, 2027?

Yes. The Program may be suspended or discontinued at any time without prior notice.