secwatch.observer — SEC 8-K summary
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Issuer:     HBT Financial, Inc. (HBT)
CIK:        0000775215
Form:       8-K
Filed at:   2025-10-20T23:59:59+00:00
Accession:  0000775215-25-000043
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HBT Financial to acquire CNB Bank Shares for ~$170M; Q3 adjusted EPS $0.65 record
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- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/775215/000077521525000043/0000775215-25-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/775215/000077521525000043/hbt-20251020.htm
  HTML page:      https://secwatch.observer/filing/0000775215-25-000043

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