---
schema_version: "secwatch.filing_event.v1"
accession: "0000775215-25-000043"
form_type: "8-K"
ticker: "HBT"
cik: "0000775215"
company_name: "HBT Financial, Inc."
filed_at: "2025-10-20T23:59:59+00:00"
generated_at: "2026-05-17T03:19:24.918660+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# HBT Financial to acquire CNB Bank Shares for ~$170M; Q3 adjusted EPS $0.65 record

## Summary
- Acquiring CNB Bank Shares for ~$170.2M in stock/cash; implied $25.92/share based on HBT's VWAP.
- CNBN shareholders elect 1.0434 HBT shares or $27.73 cash per share; expected ~15% combined ownership.
- Combined co. to have ~$6.9B assets, 84 branches in IL, IA, MO; expected close Q1 2026.
- Q3 2025 adjusted net income $20.5M ($0.65 diluted EPS), up from $19.2M in Q2; ROATCE 15.28%.
- Tangible book value per share $16.64, up 3.9% QoQ; NIM stable at 4.13% (tax-equiv 4.18%).

## SEC filing metadata
- accession: 0000775215-25-000043
- form_type: 8-K
- ticker: HBT
- cik: 0000775215
- company_name: HBT Financial, Inc.
- filed_at: 2025-10-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/775215/000077521525000043/0000775215-25-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/775215/000077521525000043/hbt-20251020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000775215-25-000043
- JSON: https://secwatch.observer/filing/0000775215-25-000043.json
- Plain text: https://secwatch.observer/filing/0000775215-25-000043.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.