secwatch.observer — SEC 8-K summary
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Issuer:     HBT Financial, Inc. (HBT)
CIK:        0000775215
Form:       8-K
Filed at:   2022-08-23T23:59:59+00:00
Accession:  0001558370-22-013889
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/775215/000155837022013889/0001558370-22-013889-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/775215/000155837022013889/hbt-20220823x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-013889

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