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 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 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 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 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.
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 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 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 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 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 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 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.
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