Every 424B that HBT Financial, Inc. (HBT) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow HBT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HBT filings page.
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. 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 is proposing to acquire CNB Bank Shares in a cash‑and‑stock merger. CNB shareholders will vote at a special meeting on January 26, 2026 in Carlinville, Illinois on adopting the merger agreement.
Each CNB common share will be converted into either 1.0434 HBT shares, $27.73 in cash, or a mix of cash and stock, subject to proration so that total cash paid is about $33.8 million and total stock issued is about 5.51 million HBT shares. Based on recent HBT prices, the deal implies transaction values in the mid‑$160 million to mid‑$180 million range.
CNB shareholders who do not support the merger may seek dissenters’ rights under Illinois law to receive cash at “fair value.” CNB’s board unanimously recommends voting in favor, and holders of about 25.42% of CNB common stock plus the sole preferred holder have agreed to support the deal. After closing, former CNB holders are expected to own roughly 15% of HBT.