---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-013889"
form_type: "8-K"
ticker: "HBT"
cik: "0000775215"
company_name: "HBT Financial, Inc."
filed_at: "2022-08-23T23:59:59+00:00"
generated_at: "2026-06-23T22:06:33.129577+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HBT Financial to acquire Town and Country Financial for ~$101.4M, expanding IL footprint

## Summary
- Implied price $35.66/share: 1.9010 HBT shares or $35.66 cash per T&C share; 67.1% of T&C holders support deal.
- Expected 17% EPS accretion in 2023, TBV dilution earnback of 2.0 years using crossover method.
- T&C had $875M assets, $624M loans, $744M deposits as of 6/30/22; pro forma combined $5.1B assets.
- Transaction valued at 1.39x T&C tangible book and 8.9x 2022 expected earnings; close targeted Q1 2023.
- Adds Springfield, St. Louis Metro East, Decatur, Jacksonville, Quincy markets to HBT's Illinois footprint.

## SEC filing metadata
- accession: 0001558370-22-013889
- form_type: 8-K
- ticker: HBT
- cik: 0000775215
- company_name: HBT Financial, Inc.
- filed_at: 2022-08-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/775215/000155837022013889/0001558370-22-013889-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/775215/000155837022013889/hbt-20220823x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-013889
- JSON: https://secwatch.observer/filing/0001558370-22-013889.json
- Plain text: https://secwatch.observer/filing/0001558370-22-013889.txt

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