Highest-materiality recent filing
HBT Financial to acquire Tri-County Financial in $204.6M stock/cash deal
Deal valued at ~$204.6M; TYFG shareholders get 2.4589 HBT shares, $71.01 cash, or mix per share; implied $82.89/share.
HBT Financial Q2 net income $27.8M ($0.76 EPS); dividend raised to $0.25/share
Net income $27.8M, diluted EPS $0.76; adjusted net income $28.5M, adjusted EPS $0.78.
HBT Financial stockholders elect all 12 director nominees at annual meeting
Proposal 1: All 12 director nominees elected; votes for ranged from 25,000,775 (Roger A. Baker) to 29,315,448 (Nancy L. Ruyle).
HBT Financial files CNB audited financials and pro forma for completed acquisition
CNB net income $16.4M in 2025 ($2.89 basic EPS), up from $13.7M in 2024.
HBT Financial declares $0.23 quarterly dividend payable May 19, 2026
Board declared quarterly cash dividend of $0.23 per share on common stock.
HBT Financial Q1 GAAP EPS $0.34, adjusted $0.68; CNB merger closes
GAAP net income $11.2M ($0.34 diluted EPS) vs $19.1M ($0.60) year ago; adjusted net income $22.6M ($0.68).
HBT Financial appoints Michael J. Morton to Board of Directors, effective April 1, 2026
Appointed to both HBT Financial and Heartland Bank and Trust Company boards.
HBT Financial issues $85M subordinated notes at 5.75% fixed rate, due 2036
Issued $85M aggregate principal of 5.75% Fixed-to-Floating Rate Subordinated Notes due 2036.
HBT Financial completes $34M + 5.5M shares acquisition of CNB Bank Shares
Total consideration ~$34M cash and ~5.5M HBT shares; exchange ratio 1.0434 HBT shares or $27.73 cash per CNB share.
HBT Financial gets CNB shareholder and all regulatory approvals; deal on track to close Feb 27
CNB shareholders approved the merger on January 26, 2026.
HBT Financial increases quarterly dividend to $0.23 per share, up 9.5%
Quarterly dividend raised to $0.23 per share from $0.21, a $0.02 increase.
HBT Financial Q4 adj. EPS $0.64, tangible book up 16.2%; merger with CNB Bank expected in Q1 2026
GAAP net income $18.9M ($0.60 diluted EPS); adjusted net income $20.1M ($0.64 diluted EPS).
HBT Financial authorizes new $30M stock repurchase program effective Jan 2026
New $30 million stock repurchase program approved by Board on Dec 16, 2025.
HBT Financial declares $0.21 quarterly dividend payable Nov 10, 2025
Quarterly cash dividend of $0.21 per share declared by Board on October 21, 2025.
HBT Financial to acquire CNB Bank Shares for ~$170M; Q3 adjusted EPS $0.65 record
Acquiring CNB Bank Shares for ~$170.2M in stock/cash; implied $25.92/share based on HBT's VWAP.
HBT Financial redeems all $40M of 4.50% subordinated notes due 2030 on Sept 15, 2025
Full redemption of $40M aggregate principal at 100% plus accrued interest to, but excluding, Sept 15, 2025.
HBT Financial declares $0.21 quarterly dividend, payable Aug 12
Quarterly cash dividend of $0.21 per share declared by Board on July 22, 2025.
HBT Financial Q2 2025 net income $19.2M ($0.61 EPS); adjusted EPS $0.63, NIM 4.19% on tax-equiv
Net income $19.2M ($0.61 diluted EPS) vs $18.1M ($0.57) in Q2 2024.
All nine director nominees elected with >93% votes for, including C. Alvin Bowman and Allen C. Drake.
Declares quarterly cash dividend of $0.21 per share
Dividend of $0.21 per share declared, payable May 13, 2025.
HBT Financial Q1 2025 net income $19.1M ($0.60 EPS); NIM up 16 bps to 4.12%
Net income of $19.1M ($0.60 diluted EPS); adjusted net income $19.3M ($0.61).
HBT Financial Q4 net income $20.3M, EPS $0.64; dividend raised to $0.21/share
Net income $20.3M, diluted EPS $0.64; adjusted net income $19.5M, adjusted EPS $0.62.
HBT Financial authorizes new $15M stock repurchase program effective Jan 1, 2025
Board approved $15M repurchase program effective after current program expires Jan 1, 2025.
HBT Financial declares $0.19 quarterly dividend, payable Nov 12
Dividend of $0.19 per share declared by Board on October 22, 2024.
HBT Financial Q3 2024 net income $18.2M, EPS $0.57; adjusted EPS $0.61, NIM expands
Net income $18.2M ($0.57 diluted EPS); adjusted net income $19.2M ($0.61 diluted EPS).
HBT Financial declares $0.19 quarterly dividend, payable Aug 13
Quarterly cash dividend of $0.19 per share declared.
HBT Financial Q2 net income $18.1M ($0.57 EPS); ROAA 1.45%, ROATCE 17.21%
Net income of $18.1M vs $15.3M in Q1 2024 and $18.5M in Q2 2023; diluted EPS $0.57.
HBT Financial shareholders elect all nine director nominees and ratify RSM US LLP as auditor
Director nominees elected with votes for ranging from 25.3M to 27.6M; broker non-votes ~2.3M.
HBT Financial declares $0.19 quarterly dividend payable May 14, 2024
Board declared a quarterly cash dividend of $0.19 per share on common stock.
HBT Financial Q1 net income $15.3M ($0.48 EPS); adjusted EPS $0.57, ROATCE 17.57%
GAAP net income $15.3M ($0.48 diluted EPS); adjusted net income $18.1M ($0.57 diluted EPS).
HBT Financial Q4 net income $18.4M ($0.58 EPS); dividend raised to $0.19
Adjusted EPS of $0.60; adjusted ROATCE of 19.81%.
HBT Financial authorizes new $15M stock repurchase program effective Jan 1, 2024
Board approved new $15M stock repurchase program, effective Jan 1, 2024, expiring Jan 1, 2025.
HBT Financial declares $0.17 quarterly dividend, payable Nov 14
Quarterly cash dividend of $0.17 per share declared Oct 24, 2023.
HBT Financial Q3 net income $19.7M ($0.62 EPS); ROAA 1.58%
Net income $19.7M ($0.62 diluted EPS); adjusted net income $20.3M ($0.63 adjusted EPS).
HBT Financial declares quarterly cash dividend of $0.17 per share
Dividend of $0.17 per share declared by Board on July 25, 2023.
HBT Financial releases Q2 2023 earnings; no specific figures included in filing excerpt
HBT Financial issued Q2 2023 earnings press release and investor presentation on July 24, 2023.
HBT Financial stockholders elect all 9 director nominees and ratify auditor at annual meeting
All 9 director nominees elected; vote range from 27.2M to 28.9M votes for.
HBT Financial reports Q1 2023 net income $9.2M, adjusted EPS $0.64; declares $0.17 dividend
Net income $9.2M ($0.30 diluted EPS); adjusted net income $19.9M ($0.64 diluted EPS).
Purchase price: 3,378,600 HBT shares + $38.0M cash; total consideration ~$109.4M based on HBT close $21.12.
HBT Financial CEO Fred Drake to step down May 24; Lance Carter named new CEO
Fred L. Drake transitions from CEO to Executive Chairman effective May 24, 2023; receives $350,000 annual base salary.
HBT Financial revises Q4/FY 2022 results on $13M litigation accrual; EPS cut to $0.46/$1.95
Revised Q4 net income down $4.0M to $13.1M; diluted EPS $0.46 vs. originally reported $0.59.
HBT Financial closes merger with Town and Country Financial ($923M assets)
Aggregate consideration: $38M cash plus 3,378,655 shares of HBT common stock.
HBT Financial Q4 2022 net income $17.2M ($0.59 EPS); dividend up to $0.17; merger close Feb 1
Net income $17.2M, $0.59 diluted EPS; adjusted net income $17.9M, $0.62 adjusted diluted EPS.
HBT Financial authorizes new $15M stock repurchase program effective Jan 1, 2023
New program authorizes up to $15M of common stock repurchases, effective after current program expires on Jan 1, 2023.
HBT Financial announces leadership transition: Busch to Vice Chairman, Carter and Horvath promoted
Patrick F. Busch steps down as EVP and Chief Lending Officer effective Dec 31, 2022; becomes Vice Chairman of Heartland Bank.
HBT Financial declares $0.16 quarterly dividend payable Nov 15, 2022
Board declared $0.16 per share quarterly cash dividend on common stock.
HBT Financial Q3 net income $15.6M, EPS $0.54; NIM expands 31 bps; TWCF merger on track
Net income of $15.6M, diluted EPS $0.54; ROAA 1.47%, ROATCE 17.70%.
HBT Financial to acquire Town and Country Financial for ~$101.4M, expanding IL footprint
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.
HBT Financial names Peter Chapman as CFO; Matt Doherty to retire as CFO Dec 31
Matt Doherty steps down as CFO of HBT and Heartland Bank effective Dec 31, 2022; remains Treasurer.
HBT Financial declares $0.16 quarterly dividend, payable Aug 16
Board declared $0.16 per share quarterly cash dividend on July 26, 2022.
Fred L. Drake, Chairman and Chief Executive Officer of the Company and Chairman of Heartland Bank and Trust Company (the “Bank”), will step down from the position of Chief Executive Officer of the Company on May 23, 2023 and assume the role of Executive Chairman of the Company and the Bank, effective May 24, 2023.
J. Lance Carter, currently President and Chief Operating Officer of the Company and the Bank, will assume the role of President and Chief Executive Officer of the Company and the Bank, effective May 24, 2023.
The Company further announced that J. Lance Carter will be appointed President of the Bank, and Lawrence J. Horvath will be appointed Executive Vice President and Chief Lending Officer of the Company and the Bank, all effective January 1, 2023.
On November 23, 2022, HBT Financial, Inc. (the “Company”) announced that Patrick F. Busch, Executive Vice President and Chief Lending Officer, will transition from the positions of Executive Vice President and Chief Lending Officer of the Company and President and Chief Lending Officer of Heartland Bank and Trust Company (the “Bank”), effective December 31, 2022.
Lawrence J. Horvath will be appointed Executive Vice President and Chief Lending Officer of the Company and the Bank, all effective January 1, 2023.
Beginning on January 1, 2023, Mr. Chapman will move into the role of Executive Vice President and Chief Financial Officer of the Company and the Bank.
On February 14, 2022, Dale S. Strassheim submitted notice of his retirement and formal resignation from the Board of Directors (the “Board”) of HBT Financial, Inc. (the “Company”) effective as of March 1, 2022.
On February 15, 2022, on the recommendation of its Nominating and Corporate Governance Committee, the Board appointed Roger A. Baker as a director to the Board, and a member of the Audit Committee, effective as of March 1, 2022.
Max materiality 0.90 · Median 0.60 · Most common event earnings