HBTHIGH SIGNALOPERATIONAL10-K

HBT Financial completed its acquisition of CNB on March 1, 2026, marking a significant strategic expansion that boosted stockholders' equity by 13% to $615.5 million.

The CNB acquisition represents a material transformation for HBT, adding scale and expanding its geographic footprint in what appears to be a well-executed transaction. The company has proactively updated its forward-looking statement language to address integration risks and potential government shutdown impacts, suggesting management awareness of execution challenges ahead.

Comparing 2026-03-06 vs 2025-03-07View on EDGAR →
FINANCIAL ANALYSIS

HBT's financial profile shows the positive effects of the CNB acquisition, with stockholders' equity growing meaningfully to $615.5 million while overall balance sheet metrics remained stable. The provision for credit losses improved substantially from -$8.1 million to -$706,000, indicating either better asset quality or favorable adjustments. Cash and equivalents declined modestly to $122.3 million, likely reflecting acquisition-related cash deployment, though the company maintains adequate liquidity levels.

FINANCIAL STATEMENT CHANGES
Provision for Credit Losses
P&L
+91.3%
-$8.1M→-$706K

Credit loss provisions surged 91.3% — management flagging significant deterioration in loan quality ahead.

Stockholders Equity
Balance Sheet
+13%
$544.6M→$615.5M

Equity base grew 13% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Cash & Equivalents
Balance Sheet
-11.2%
$137.7M→$122.3M

Cash decreased 11.2% — monitor burn rate and upcoming capital needs.

LANGUAGE CHANGES
NEW — 2026-03-06
PRIOR — 2025-03-07
ADDED
As of February 18, 2026, there were 31,431,924 shares outstanding of the registrant s common stock, $0.01 par value.
Forward-looking statements are generally identifiable by use of the words "believe," "may," "will," "should," "could," "expect," "estimate," "intend," "anticipate," "project," "plan," "propose," "seek," "continue," "predict," as well as the negative forms of those words, or similar expressions.
("CNB"); the ultimate timing, outcome and results of integrating the operations of CNB into those of HBT; the effects of the merger with CNB in HBT s future financial condition, results of operations, strategy and plans; the effects of the current U.S.
government shutdown, including the impact of prolonged closures or staffing reductions at government agencies effecting our business; and the ability of the Company to manage the risks associated with the foregoing as well as anticipated.
As of December 31, 2025, we had total assets of $5.1 billion, loans held for investment of $3.5 billion, and total deposits of $4.4 billion.
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REMOVED
As of February 19, 2025, there were 31,559,366 shares outstanding of the registrant s common stock, $0.01 par value.
Forward-looking statements may include statements relating to our plans, strategies and expectations, near-term loan growth, net interest margin, mortgage banking profits, wealth management fees, expenses, asset quality, capital levels, continued earnings, and liquidity.
Forward-looking statements are generally identifiable by use of the words "believe," "may," "will," "should," "could," "continue," "expect," "estimate," "intend," "anticipate," "predict," "project," "plan" or similar expressions.
As of December 31, 2024, we had total assets of $5.0 billion, loans held for investment of $3.5 billion, and total deposits of $4.3 billion.
The core system conversion was successfully completed in April 2023.
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