HBT Financial (HBT) Investor Presentation summary

Transaction highlights

• Anticipated 19% EPS accretion in the first full year with cost savings and manageable 3.3% TBV dilution at closing, with earnback in less than one year.

• Pro forma assets expected to reach approximately $6.9 billion, increasing operating scale.

• CNBN's branches in suburban Chicago and St. Louis add significant loan growth and enhance talent attraction in key markets.

• Leadership integration includes CNBN executives joining HBT boards and management.

• Comprehensive due diligence completed, with 71% of loan portfolio reviewed.

Transaction summary and structure

• Aggregate transaction value of $170.2 million, with $33.8 million in cash and the remainder in HBT shares.

• Shareholders can elect cash, stock, or a mix, subject to proration, at a fixed exchange ratio.

• Valuation at 120% of tangible book value and 10.7x LTM earnings.

• Pro forma ownership will be approximately 85% HBT and 15% CNBN.

• Expected closing in Q1 2026, pending regulatory and shareholder approval.

CNBN overview and financials

• Operates 18 branches across central Illinois, St. Louis MSA, and southern Chicago suburbs.

• MRQ ROAA of 0.94% and ROAE of 10.8%, with $1.8bn in assets and $1.5bn in deposits.

• Loan portfolio diversified across commercial, CRE, and agriculture.

• Stable deposit base with strong community ties.

• Gross loans represent 85% of total deposits.