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. reported that stockholders of Tri-County Financial Group, Inc. approved HBT’s proposed acquisition of Tri-County and its wholly owned bank subsidiary, First State Bank, on October 29, 2026. The companies entered into the merger agreement on August 10, 2026.
HBT currently expects the transaction to close early in the first quarter of 2027, subject to regulatory approval and certain other customary closing conditions. HBT also said a condition may not be satisfied, either party may terminate the agreement, or closing may be delayed or not occur.
HBT Financial, Inc. declared a quarterly cash dividend of $0.25 per share on its common stock. The dividend is payable on November 17, 2026, to shareholders of record as of November 9, 2026.
HBT Financial, Inc. reported third-quarter 2026 net income of $31.4 million, or $0.86 per diluted share, compared with $27.8 million in the prior quarter and $19.8 million a year earlier. Net interest income was $70.3 million, up 40.7% from the third quarter of 2025. Net interest margin was 4.35%, up 3 basis points from the prior quarter; on a tax-equivalent basis, it was 4.40%, up 2 basis points. Return on average tangible common equity was 19.27%.
At September 30, 2026, loans totaled $4.78 billion and deposits were $5.75 billion. Nonperforming assets were $10.8 million, or 0.16% of total assets, and the common equity tier 1 capital ratio was 12.94%. HBT recorded $0.5 million in net recoveries. Noninterest expense was $42.7 million, 31.2% above a year earlier, with higher base costs following the CNB merger. The acquisition of Tri-County Financial Group is expected to close early in the first quarter of 2027, subject to Tri-County stockholder approval and regulatory approvals.
HBT Financial, Inc. (HBT) is registering and issuing shares of its common stock as part of a stock-and-cash acquisition of Tri-County Financial Group, Inc. (TYFG). TYFG stockholders will vote on October 29, 2026 on a merger agreement under which TYFG will become a wholly owned subsidiary of HBT, followed by an upstream merger into HBT and a later merger of First State Bank into Heartland Bank.
Each TYFG share will be converted into either 2.4589 HBT shares, $71.01 in cash, or a mix of cash and stock, subject to proration so that TYFG holders receive in total about $59.95 million in cash and 3,797,844 HBT shares. Based on a September 15, 2026 HBT price of $36.58, the implied aggregate transaction value is about $206.3 million, and former TYFG stockholders are expected to own approximately 9% of HBT after closing. TYFG stockholders have appraisal rights under Delaware law, and the merger requires approval by a majority of TYFG’s outstanding shares; holders of about 28% have signed voting and support agreements in favor.
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.