Hbt Financial, Inc. SEC Filings

HBT Financial (HBT) reported solid Q3 2025 results with net income of $19.8 million and diluted EPS of $0.63, up from $18.2 million and $0.57 a year ago. Net interest income rose to $50.0 million from $47.7 million as deposit interest expense declined year over year. Provision for credit losses was $0.6 million, roughly flat versus last year. Noninterest income increased to $9.8 million, aided by higher wealth management fees, while noninterest expense was $32.5 million, reflecting stable operating costs and a $0.4 million loss on debt extinguishment.

Balance sheet quality improved: accumulated other comprehensive loss narrowed to $27.1 million from $46.8 million at year-end, and deposits totaled $4.35 billion. Loans were $3.40 billion versus $3.47 billion at December 31, 2024, with the allowance at $41.9 million. The company paid $0.21 per-share in dividends and repurchased 39,631 shares during the quarter. Strategically, HBT agreed to acquire CNB Bank Shares, Inc. for approximately 5.5 million HBT shares plus $33.8 million in cash; CNBN holders are expected to own about 15% post-close. Closing is anticipated in Q1 2026, subject to shareholder and regulatory approvals.

HBT Financial (HBT) reported an insider transaction on a Form 4. A director gifted 4,000 shares of common stock on 10/29/2025, reported at $0 per share (transaction code G). The filing notes the shares were gifted to a charitable organization.

Following the transaction, the reporting person beneficially owns 547,204 shares directly. Indirect holdings include 423,666 shares held by the Mary Angela Baker 2021 Irrevocable Trust and 363 shares held by the Roger A. Baker 2021 Irrevocable Trust.

HBT Financial, Inc. declared a quarterly cash dividend of $0.21 per share on its common stock.

The dividend is payable on November 10, 2025 to shareholders of record as of November 3, 2025. The Board approved the dividend on October 21, 2025.

HBT Financial announced it has entered into an Agreement and Plan of Merger under which CNB Bank Shares, Inc. will merge with and into HBT. The employee video describes HBT as a community bank operating as Heartland Bank and Trust, with $5 billion in assets and 66 branches across Illinois and Eastern Iowa.

Next steps include regulatory approvals for HBT and a shareholder vote for CNBN. If approvals are obtained, the merger is targeted to close in early second quarter or late first quarter of 2026, with systems conversion expected in the first half of 2026. HBT will file a Form S-4 that includes a proxy statement/prospectus for CNBN shareholders, who will receive definitive materials after effectiveness.

HBT Financial (HBT) announced a definitive merger agreement to acquire CNB Bank Shares (CNBN). Each CNBN share will be converted into the right to receive, at the holder’s election, either 1.0434 HBT common shares, cash of $27.73, or a mix, subject to adjustment and proration. Based on CNBN securities outstanding on signing, CNBN shareholders are expected to receive approximately $33.8 million in cash and about 5.5 million HBT shares.

The deal requires CNBN shareholder approval, required regulatory approvals, and effectiveness of an S-4 for the HBT shares to be issued. Two CNBN directors, Jim Ashworth and Nancy Ruyle, will join the Boards of HBT and Heartland Bank prior to closing, per governance procedures. After closing, CNB Bank & Trust, N.A. is expected to merge into Heartland Bank. CNBN agreed to a $7.25 million termination fee payable to HBT under specified events, and certain CNBN insiders signed voting and support agreements. HBT also furnished its Q3 2025 earnings release and related presentations.

HBT Financial (HBT) entered a definitive agreement to acquire CNB Bank Shares (CNBN). A wholly owned HBT subsidiary will merge into CNBN, which will then become a wholly owned HBT subsidiary and merge into HBT; CNB Bank & Trust will later merge into Heartland Bank.

At closing, each CNBN share will convert, at the holder’s election and subject to proration and adjustments, into 1.0434 HBT shares, $27.73 in cash, or a mix. Based on CNBN’s current common and RSUs, CNBN holders are expected to receive approximately $33.8 million in cash and about 5.5 million HBT shares. In lieu of fractional shares, cash will be paid.

Closing is subject to customary conditions, including CNBN shareholder approval, required regulatory approvals, and the effectiveness of an S-4 registering HBT shares to be issued. CNBN directors and certain shareholders signed voting and support agreements. The agreement includes a $7.25 million termination fee payable by CNBN to HBT under specified events. HBT will appoint CNBN directors Jim Ashworth and Nancy Ruyle to the boards of HBT and Heartland Bank, subject to governance procedures.

HBT Financial, Inc. notified its paying agent, UMB Bank N.A., that it intends to redeem all $40 million of its outstanding 4.50% Fixed-to-Floating Rate Subordinated Notes due 2030 on September 15, 2025. The Company stated the redemption will be at a price equal to 100% of principal plus accrued and unpaid interest to, but excluding, the Redemption Date, and that the Notice was given pursuant to the Paying Agent and Registrar Agreement governing the Notes.