HBT Financial (HBT) Registration Filing summary

Company overview and business model

• Operates as a financial holding company for Heartland Bank and Trust Company, providing business, commercial, wealth management, and retail banking services across Illinois and Eastern Iowa through 66 locations.

• As of December 31, 2025, reported total assets of $5.1 billion, total loans of $3.5 billion, and total deposits of $4.4 billion.

• Announced a pending acquisition of CNB and its bank subsidiary, with CNB holding $1.8 billion in assets, $1.3 billion in loans, and $1.5 billion in deposits as of December 31, 2025; merger expected to close around February 27, 2026.

Financial performance and metrics

• Financial statements for the years ended December 31, 2024 and 2023, and internal control effectiveness as of December 31, 2024, have been audited by RSM US LLP.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including investments in subsidiaries, working capital, capital expenditures, stock repurchases, debt repayment, or financing acquisitions.

• Proceeds may be temporarily invested or held in deposit accounts until used.

• No proceeds will be received from the sale of shares by the selling stockholder.