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. director Nancy L. Ruyle reported acquiring 20,868 shares of common stock on March 1, 2026. The shares were recorded at a price of $0.00 per share, indicating they were received as part of a non-cash award rather than an open-market purchase.
According to the disclosure, the shares were acquired pursuant to an Agreement and Plan of Merger between HBT Financial and CNB Bank Shares, Inc., under which each CNB share was converted into the right to receive stock consideration, cash consideration of $27.73, or a mix of both, subject to election and proration procedures. The filing notes that the 20,868-share figure is an estimate and may be updated in an amended Form 4 if the final share count differs.
HBT Financial, Inc. director James T. Ashworth reported acquiring common stock as part of the merger of CNB Bank Shares, Inc. into HBT Financial under an Agreement and Plan of Merger dated October 20, 2025. The filing shows a grant or other acquisition of 95,443 HBT common shares held directly.
Additional grants are reported as indirectly owned through the James T. Ashworth Trust dated 01/16/2019 for 33,654 shares and the Mary Jane Ashworth Trust dated 01/16/2019 for 159,854 shares. The footnotes state these figures reflect the estimated number of HBT shares to be issued under the merger agreement and may be adjusted in a future amendment.
HBT Financial, Inc. director James T. Ashworth filed an initial Form 3, which is a required disclosure of his beneficial ownership as an insider. This filing does not report any stock purchases, sales, or other transactions and simply establishes his reporting status as a company director.
HBT Financial, Inc. director Nancy L. Ruyle filed an initial statement of beneficial ownership on Form 3. This filing establishes her status as a company insider and discloses her position as a director, but it does not report any stock purchases, sales, or other transactions.
HBT Financial, Inc. has completed its merger with CNB Bank Shares, Inc., paying approximately $34 million in cash and issuing about 5.5 million shares of HBT Financial common stock as aggregate consideration. CNB shareholders could elect stock, $27.73 in cash per share, or a mix, subject to proration.
CNB Bank & Trust has been merged into Heartland Bank & Trust, expanding HBT Financial’s presence in central Illinois, the Chicago metro area, and the St. Louis metro area. As of December 31, 2025, CNB had $1.8 billion in assets, while HBT Financial reported $5.1 billion in assets. Former CNB directors James T. Ashworth and Nancy L. Ruyle have joined the boards of HBT Financial and Heartland Bank.
HBT Financial, Inc. insider activity shows an indirect open-market sale linked to Executive Chairman Fred L. Drake. A trust associated with him sold 2,258 shares of common stock at a weighted average price of $28.60 per share. After this sale, that trust held 61,557 shares, while Drake also reported 7,705 shares held directly and 17,210,400 shares held indirectly through the Heartland Bancorp, Inc. Voting Trust, for which he serves as trustee with sole voting and investment control, subject to his disclosed pecuniary interest.
HBT Financial, Inc. registers up to $150,000,000 of securities and the selling stockholder may offer up to 4,000,000 shares of common stock, available from time to time under a shelf prospectus dated February 20, 2026.
The prospectus covers multiple security types (common stock, preferred stock, debt, warrants, depositary shares, subscription rights, stock purchase contracts, units) and states the Company will not receive proceeds from the sale of the selling stockholder’s shares. The filing discloses HBT’s balance-sheet context as of December 31, 2025 ($5.1 billion assets, $3.5 billion loans, $4.4 billion deposits) and the pending merger with CNB (regulatory approvals obtained; expected close on or around February 27, 2026).
HBT Financial, Inc. reported an insider transaction involving shares of its common stock. On February 18, 2026, the Fred L. Drake Revocable Trust, an entity associated with Executive Chairman Fred L. Drake, sold 2,000 shares of HBT common stock in an open-market transaction at a weighted average price of $28.74 per share, with individual trade prices ranging from $28.50 to $29.27. Following this sale, the Revocable Trust held 63,815 shares indirectly. Mr. Drake also directly held 7,705 shares and had indirect ownership of 17,210,400 shares through the Heartland Bancorp, Inc. Voting Trust, where he serves as trustee with sole voting and investment control, while disclaiming beneficial ownership beyond his pecuniary interest.
Keefe Bruyette & Woods Inc. filed a Form 144 disclosing an intended sale of 20,000 shares of its common stock, with the Form dated 02/18/2026. The shares were acquired in the public market on 09/14/2020 and the proposed sale method is for cash, with an acquisition trade date shown as 09/16/2020.
HBT Financial, Inc. reports progress on its planned acquisition of CNB Bank Shares, Inc. and its bank subsidiary, CNB Bank & Trust, N.A. CNB shareholders approved the merger on January 26, 2026, and all required regulatory approvals were obtained as of January 30, 2026.
The merger remains subject to customary closing conditions and is expected to close on or around February 27, 2026. HBT also reiterates standard forward-looking statement cautions, highlighting risks such as potential closing delays, integration challenges, and possible adverse reactions from customers or employees.