M&A
confidence high
sentiment neutral
materiality 0.75
HBT Financial completes acquisition of Town and Country; total consideration ~$109.4M; pro forma EPS $2.12
HBT Financial, Inc.
- Purchase price: 3,378,600 HBT shares + $38.0M cash; total consideration ~$109.4M based on HBT close $21.12.
- Pro forma combined assets $5.205B, loans net $3.235B, deposits $4.343B as of Dec. 31, 2022.
- Pro forma net income $68.4M for year ended Dec. 31, 2022; basic EPS $2.12, diluted EPS $2.12.
- Goodwill recorded $33.1M; core deposit intangible $21.3M (10-yr amort), customer relationship intangible $1.0M (10-yr straight-line).
- Estimated transaction costs not yet recognized: $1.2M for Town and Country, $7.9M for HBT.