Welcome to our dedicated page for HBT Financial SEC filings (Ticker: HBT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
HBT Financial filings document the formal disclosure record for a bank holding company whose primary operating subsidiary is Heartland Bank and Trust Company. The record includes 8-K reports on operating and financial results, Regulation FD investor presentations, cash dividends on common stock, board appointments and completed bank merger activity.
Other filings describe capital-structure matters, including the private placement of fixed-to-floating rate subordinated notes, related material agreements and registration rights. Proxy materials cover director elections, executive compensation, shareholder voting matters and governance practices for HBT Financial and Heartland Bank.
HBT Financial, Inc. (HBT) is registering common stock on Form S-4 to use as part of the consideration for its acquisition of Tri-County Financial Group, Inc. (TYFG), parent of First State Bank. The transaction is structured as a merger of a new HBT subsidiary into TYFG, followed by TYFG merging into HBT and a later bank merger of First State Bank into Heartland Bank and Trust Company.
Each TYFG share will be converted, at the holder’s election and subject to aggregate caps and proration, into either 2.4589 HBT shares, $71.01 in cash, or a mix of cash and stock, targeting in total about $59.95 million in cash and 3,797,844 HBT shares. Based on HBT’s August 7 2026 closing price of $36.35, the implied stock consideration was about $138.1 million and the implied aggregate transaction value about $204.6 million. After closing, former TYFG holders are expected to own roughly 9% of HBT’s outstanding shares.
Completion requires approval by a majority of TYFG voting power, with holders of about 28% of TYFG shares already party to voting and support agreements in favor of the deal, plus bank regulatory and other customary approvals. TYFG stockholders have appraisal rights under Delaware law and may elect cash, stock, or mixed consideration through an election process administered by an exchange agent. The integrated merger is intended to qualify as a tax-free “reorganization” for U.S. federal income tax purposes for stock-for-stock recipients, subject to the detailed conditions described.
HBT Financial, Inc. (HBT) has filed a Form S-4 for a stock-and-cash merger with Tri-County Financial Group, Inc. (TYFG). A wholly owned HBT subsidiary will merge into TYFG, TYFG will then merge into HBT, and later TYFG’s First State Bank will merge into Heartland Bank and Trust Company.
Each TYFG share will be converted into merger consideration at the holder’s election: either 2.4589 shares of HBT common stock, or $71.01 in cash, or a mix of both, all subject to adjustment and a proration mechanism so that TYFG holders receive in aggregate $59.95 million in cash and 3,797,844 HBT shares. Cash is paid instead of fractional HBT shares. Based on HBT’s $36.35 closing price on August 7, 2026, the stock portion implied about $138.1 million of value and an implied total transaction value of about $204.6 million; former TYFG holders are expected to own roughly 9% of HBT post‑merger.
The merger must be approved by a majority of outstanding TYFG shares; holders representing about 28% of TYFG stock have signed voting and support agreements favoring the deal. TYFG stockholders have appraisal rights under Delaware law if they follow the required procedures. The integrated merger is intended to qualify as a tax‑free reorganization under Section 368(a) of the Internal Revenue Code, and closing is targeted for late 2026 or early 2027, subject to stockholder and regulatory approvals.
HBT Financial, Inc. (HBT) director Roger A. Baker reported an indirect bona fide gift of 15,000 shares of common stock on August 18, 2026. According to a footnote, these shares were gifted to a charitable organization from stock held jointly by the Mary Angela Baker 2021 Irrevocable Trust and the Roger A. Baker 2021 Irrevocable Trust. After the gift, that joint trust position held 531,604 shares, while separate holdings totaled 423,666 shares in the Mary Angela Baker 2021 Irrevocable Trust, 363 shares in the Roger A. Baker 2021 Irrevocable Trust, and 1,200 shares held directly by Mr. Baker.
HBT Financial, Inc. entered into a definitive Agreement and Plan of Merger to acquire Tri-County Financial Group, Inc., parent of First State Bank, in a cash-and-stock transaction valued at approximately $204.6 million based on HBT’s $36.35 share price on August 7, 2026. TYFG shareholders may elect 2.4589 HBT shares, $71.01 in cash, or a mix per TYFG share, subject to election and proration, with an expected aggregate mix of about $59.9 million in cash and 3.8 million HBT shares. The deal implies $82.89 per TYFG share, and TYFG holders are expected to own roughly 9% of HBT common stock post-closing.
On a pro forma basis the combined company is expected to have about $8.3 billion in assets, $6.0 billion in loans, and $7.1 billion in deposits. HBT projects 11.1% EPS accretion in the first full year with expected cost saves, against 2.4% tangible book value dilution at close and an earnback of less than one year using the crossover method. Conditions include TYFG stockholder approval, regulatory approvals and effectiveness of an S-4. A $7.25 million TYFG termination fee applies in specified circumstances, and holders of about 28% of TYFG shares have agreed to vote in favor. TYFG director Thomas K. Prescott is expected to join the boards of HBT and Heartland Bank at closing.
HBT Financial, Inc., the holding company for Heartland Bank and Trust Company, reported solid growth for the three months ended June 30, 2026. Net income was $27,844 (dollars in thousands), up from $19,230 a year earlier, with diluted EPS of $0.76 versus $0.61. Net interest income rose to $69,056 from $49,658, while the provision for credit losses remained modest at $676. Total noninterest income was $11,841, and noninterest expense increased to $42,446, reflecting higher salaries, data processing, and other costs.
At June 30, 2026, total assets were $6,727,646 and loans before the allowance were $4,752,418 (dollars in thousands), both up sharply from December 31, 2025. Deposits grew to $5,757,986. The allowance for credit losses on loans increased to $60,564, with nonaccrual loans of $9,083. On March 1, 2026, HBT completed the acquisition of CNB Bank Shares, Inc. for total consideration of $182,067 (dollars in thousands), including 5.5 million shares and $33,837 in cash, recording goodwill of $22,129 and identifiable intangibles of $30,083. In March 2026 the company also issued $85,000 of 5.75% fixed-to-floating subordinated notes qualifying as Tier 2 capital. Accumulated other comprehensive loss widened to $(29,527), mainly from unrealized losses on debt securities and a new interest rate swap cash flow hedge.
HBT Financial, Inc. is conducting an exchange offer for up to $85,000,000 aggregate principal amount of 5.75% Fixed-to-Floating Rate Subordinated Notes due 2036, issuing SEC-registered New Notes for any and all outstanding unregistered Old Notes issued March 11, 2026. The New Notes evidence the same debt, with identical economic terms, but are registered under the Securities Act and generally free of transfer restrictions and registration-rights obligations. The offer expires at 11:59 p.m. New York City time on September 10, 2026, and is not subject to a minimum tender condition. HBT will receive no cash proceeds, and exchanged Old Notes will be cancelled so total indebtedness does not increase. Old Notes not tendered remain outstanding but continue to be restricted, and their liquidity may decline after the exchange. As of March 31, 2026, HBT reported $6.8 billion in total assets, $4.7 billion in loans and $5.8 billion in deposits. The notes pay a fixed 5.75% rate to March 15, 2031, then float at Three-Month Term SOFR plus 233 basis points to March 15, 2036, and are unsecured, subordinated obligations intended to qualify as Tier 2 capital.
HBT Financial, Inc. filed Amendment No. 2 to its Registration Statement on Form S-4 (File No. 333-296272) to update the exhibits section only. The prospectus and the rest of the registration statement remain unchanged and are omitted from this amendment.
The amendment describes how Delaware law and the company’s Certificate of Incorporation and Bylaws provide limitation of directors’ monetary liability and indemnification for directors, officers, employees, and agents when they act in good faith and in the company’s best interests. It also notes existing directors’ and officers’ liability insurance and lists exhibits, including the indenture and forms of 5.75% Fixed-to-Floating Rate Subordinated Notes due 2036, a registration rights agreement, and a consent of the independent registered public accounting firm. Standard Securities Act undertakings regarding post-effective amendments, incorporation by reference, and limits on indemnification for Securities Act liabilities are reaffirmed.
HBT Financial, Inc. reported strong second quarter 2026 results and raised its quarterly dividend. Net income was $27.8 million, or $0.76 per diluted share, up from $11.2 million in the first quarter of 2026 and $19.2 million a year earlier. Adjusted net income was $28.5 million, or $0.78 per diluted share. Return on average assets was 1.66% and return on average tangible common equity was 17.69%, with adjusted returns of 1.70% and 18.13%.
Net interest income rose to $69.1 million, driven by higher interest-earning asset balances and improved loan and securities yields after the CNB merger. Net interest margin increased to 4.32%, or 4.38% on a tax-equivalent basis. Noninterest income was $11.8 million. Noninterest expense declined to $42.4 million as acquisition-related costs dropped to $0.3 million from $15.7 million in the prior quarter, while underlying operating costs increased with the expanded franchise.
Credit metrics remained strong, with nonperforming assets of $9.9 million, or 0.15% of total assets, and an allowance for credit losses equal to 1.27% of loans. At June 30, 2026, loans totaled $4.75 billion, deposits $5.76 billion, and total assets $6.73 billion. The common equity tier 1 capital ratio was 12.64%, and tangible book value per share rose to $17.60. The board increased the quarterly cash dividend to $0.25 per share from $0.23, payable August 18, 2026 to shareholders of record on August 11, 2026, and the company repurchased 15,466 shares at a weighted average price of $27.53, leaving $14.0 million authorized under its stock repurchase program.
HBT Financial, Inc. filed Amendment No. 1 to its registration statement on Form S-4 to update Part II, Item 21 (Exhibits).
The amendment, filed June 12, 2026, replaces the facing page, the explanatory note, Part II and adds Exhibit 23.1 (consent of RSM US LLP); the prospectus and remaining registration statement text are unchanged.