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HBT Financial, Inc. (HBT) 8-K Current Report: March 2, 2026

Filed: March 2, 2026
Financials
State Commercial Banks
HBT Financial, Inc. Overview

HBT Financial, Inc. (HBT) 8-K current report filed with SEC EDGAR on March 2, 2026. This page provides AI-powered analysis of reported events and material disclosures, including results of operations, corporate governance changes, agreements, and other triggering events as disclosed under Form 8-K item codes.

Reported 8-K Items
3 items

  • Item 2.01: Completion of Acquisition or Disposition of Assets
  • Item 5.02: Departure/Election of Directors or Officers
  • Item 7.01: Regulation FD Disclosure

HBT Financial, Inc. 8-K Mar 2, 2026 Event Analysis

Item 2.01 · Completion of Acquisition or Disposition of Assets

  • • Acquisition of CNB Bank Shares closed March 1, 2026; total consideration ~$34M cash + ~5.5M HBT shares
  • • Exchange ratio: 1.0434 HBT shares or $27.73 cash per CNB share, with mix elections subject to proration
  • • CNB Bank & Trust merged into Heartland Bank, expanding HBT's Illinois community banking footprint
  • • CNB shares (OTC: CNBN) delisted from OTC QX Market following close

Item 5.02 · Departure/Election of Directors or Officers

  • • Two CNB-legacy directors added to HBT Financial and Heartland Bank boards effective March 1, 2026, tied to merger close
  • • Ashworth: former CNB President and Vice Chairman — brings deep community banking and FHLB Chicago governance experience
  • • Ruyle: former CNB board member and retired attorney — adds legal and independent oversight background
  • • Both serve initial terms expiring at 2026 Annual Meeting; no committee assignments at this time
  • • Compensation follows standard non-employee director program per 2025 proxy — no special merger-related pay packages

Item 7.01 · Regulation FD Disclosure

  • • HBT Financial completed a merger as of March 2, 2026 — a material structural event with potential balance sheet and earnings impact
  • • Two new board members appointed: Mr. Ashworth and Ms. Ruyle, signaling governance changes post-merger
  • • Full details in Exhibit 99.1 press release; merger terms, deal value, and counterparty not disclosed in this item

Other HBT Financial, Inc. 8-K Filings

8-K Mar 11, 2026

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