HBT Financial Files 8-K on Material Agreement & Financials

Ticker: HBT · Form: 8-K · Filed: Oct 20, 2025 · CIK: 775215

Sentiment: neutral

Topics: material-agreement, financial-results, sec-filing

TL;DR

HBT Financial dropped an 8-K detailing a new deal and their latest financials. Check it out.

AI Summary

HBT Financial, Inc. filed an 8-K on October 20, 2025, reporting on a material definitive agreement, results of operations, and financial condition. The filing also includes Regulation FD disclosures and financial statements. The company, formerly known as Heartland Bancorp, Inc., is incorporated in Delaware and headquartered in Bloomington, Illinois.

Why It Matters

This 8-K filing provides crucial updates on HBT Financial's business dealings and financial performance, which are important for investors to assess the company's current health and future prospects.

Risk Assessment

Risk Level: low — This filing is a standard 8-K reporting routine events and financial information, not indicating any immediate or unusual risks.

Key Players & Entities

FAQ

What specific material definitive agreement is HBT Financial reporting?

The filing indicates an 'Entry into a Material Definitive Agreement' as an item information, but the specific details of the agreement are not provided in the provided text.

What are the key aspects of HBT Financial's results of operations and financial condition being reported?

The filing lists 'Results of Operations and Financial Condition' as an item information, but the specific financial details are not included in the provided text.

When was HBT Financial, Inc. formerly known as Heartland Bancorp, Inc.?

The date of name change from Heartland Bancorp, Inc. to HBT Financial, Inc. was June 24, 2019.

What is HBT Financial's fiscal year end?

HBT Financial's fiscal year ends on December 31st.

What is the SIC code for HBT Financial, Inc.?

The Standard Industrial Classification (SIC) code for HBT Financial, Inc. is 6022, which corresponds to State Commercial Banks.

Filing Stats: 2,900 words · 12 min read · ~10 pages · Grade level 13.5 · Accepted 2025-10-20 07:00:16

Key Financial Figures

Filing Documents

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On October 20, 2025, HBT Financial, Inc., a Delaware corporation ("HBT" or the "Company"), HB-CNB Merger Inc., a Delaware corporation and wholly-owned subsidiary of HBT ("MergerCo"), and CNB Bank Shares, Inc., an Illinois corporation ("CNBN"), entered into an Agreement and Plan of Merger (the "Merger Agreement"). The Merger Agreement provides that, upon the terms and subject to the conditions set forth therein, MergerCo will merge with and into CNBN (the "Merger"), with CNBN as the surviving entity, and as a result, CNBN will become a wholly-owned subsidiary of HBT. Immediately following the Merger, CNBN will merge with and into HBT, with HBT as the surviving entity. In addition, subsequent to the mergers and at a time to be determined by HBT, CNB Bank & Trust, N.A., a national banking association headquartered in Carlinville, Illinois, and a wholly-owned subsidiary of CNBN, will merge with and into Heartland Bank and Trust Company, an Illinois state chartered bank and a wholly-owned subsidiary of HBT ("Heartland Bank"), with Heartland Bank as the surviving bank. The Merger Agreement was unanimously approved and adopted by the board of directors of each of HBT and CNBN. Upon the terms and subject to the conditions of the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of common stock, no par value, of CNBN that is issued and outstanding immediately prior to the Effective Time (other than treasury and dissenter shares) will be converted into the right to receive, at the option of each CNBN shareholder, one of the following: (i) 1.0434 validly issued, fully paid and nonassessable shares of HBT common stock, par value $0.01 per share, (ii) cash in the amount of $27.73, or (iii) a combination of cash and shares of HBT common stock, in each case subject to adjustment and to the election and proration procedures as provided in the Merger Agreement. In lieu of fractional share

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On October 20, 2025, the Company issued a press release announcing its financial results for the third quarter ended and nine months ended September 30, 2025 (the "Earnings Release"). A copy of the Earnings Release is furnished as Exhibit 99.1 to this Report. The information contained in Item 2.02, including Exhibit 99.1 furnished herewith, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended (the "Securities Act"), or into any filing or other document pursuant to the Exchange Act, except to the extent required by applicable law or regulation.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. The Company has prepared a presentation of its results for the third quarter ended and nine months ended September 30, 2025 (the "Earnings Presentation") to be used from time to time during meetings with members of the investment community. A copy of the Earnings Presentation is furnished as Exhibit 99.2 to this Report. The Earnings Presentation will also be made available on the Company's investor relations website at ir.hbtfinancial.com under the Presentations section. On October 20, 2025, HBT and CNBN issued a joint press release announcing the execution of the Merger Agreement. A copy of the press release is furnished as Exhibit 99.3 to this Report. From time to time on and after October 20, 2025, HBT intends to provide supplemental information regarding the proposed transaction to analysts and investors in connection with certain presentations. A copy of an investor presentation (the "Investor Presentation") is furnished as Exhibit 99.4 to this Report. The Investor Presentation will also be made available on the Company's investor relations website at ir.hbtfinancial.com under the Presentations section. The information contained in Item 7.01, including Exhibits 99.2, 99.3 and 99.4 furnished herewith, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act, or into any filing or other document pursuant to the Exchange Act, except to the extent required by applicable law or regulation. Special Note Regarding Forward-Looking Statements Certain statements in this Current Report on Form 8-K and the exhibits filed herewith, including statements regarding the expected timetable for completion of the proposed transaction, the results, effects and benefits of the proposed transaction, future opportunities and any other st

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit Number Description of Exhibit 2.1 Agreement and Plan of Merger among HBT Financial, Inc., HB-CNB Merger, Inc. and CNB Bank Shares, Inc., dated October 20, 2025.* 99.1 Earnings Release issued October 20, 2025 for the Third Quarter Ended and Nine Months Ended September 30, 2025. 99.2 HBT Financial, Inc. Presentation of Results for the Third Quarter Ended September 30, 2025. 99.3 Press Release dated October 20, 2025. 99.4 Investor Presentation dated October 20, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * The Company has omitted schedules and similar attachments to the subject agreement pursuant to Item 601(b) of Regulation S-K. The Company will furnish a copy of any omitted schedule or similar attachment to the SEC upon request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. HBT FINANCIAL, INC. By: /s/ Peter R. Chapman Name: Peter R. Chapman Title: Chief Financial Officer Date: October 20, 2025

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