HBT Financial, Inc. (HBT) SEC Filings & Earnings Calls

Integration risk from merging two community banks; regulatory approval required.

“Merger expected to close in Q1 2027, subject to shareholder and regulatory approvals.”

Acquisition integration risk

“CNB acquisition-related expenses totaled $15.9 million during the six months ended June 30, 2026.” · word for word

Noninterest expense growth

“Total noninterest expense for the six months ended June 30, 2026, was $94.9 million, an increase of $31.0 million, or 48.6%, from the six months ended June 30, 2025.” · word for word

Interest rate risk

“Decreases in market interest rates, and potential future decreases, may put downward pressure on our net interest margin, as the negative impact on floating rate loans may not be fully offset by the positive impacts of maturing fixed rate loans and securities repricing at higher rates or potential decreases in deposit costs.” · word for word

Higher deposit costs from acquired CNB deposit base could pressure net interest margin if loan repricing slows.

“offset an increase in cost of funds related to the deposit base acquired from CNB Bank” · word for word

Acquisition integration risk

“CNB acquisition-related expenses totaled $15.7 million during the three months ended March 31, 2026.” · word for word

Credit quality deterioration from acquired loans

“The $5.7 million increase in nonperforming assets from December 31, 2025 was primarily attributable to $6.1 million of nonaccrual loans acquired in the CNB merger.” · word for word

Interest rate sensitivity

“Decreases in market interest rates, and potential future decreases, may put downward pressure on our net interest margin.” · word for word

Merger integration risk from CNB acquisition

“Completed merger with CNB Bank Shares, Inc. on March 1, 2026 and core system conversion successfully completed in March 2026” · word for word

Interest rate risk from AOCI decrease due to higher market rates

“decrease in accumulated other comprehensive income (“AOCI”) due to higher market interest rates” · word for word

Concentrated ownership via Voting Trust

“The Voting Trust was established pursuant to the voting trust agreement...representing 47.3% of our outstanding stock as of March 20, 2026.” · word for word

Potential tax liability from pre-IPO stockholder agreement

“Pursuant to the Stockholder Agreement, upon our filing any tax return...we may be required to make a payment to each of its pre-IPO stockholders in an amount equal to such stockholder’s incremental tax liability, which amount may be material.” · word for word

Increased leverage; floating rate after 5 years introduces interest rate risk.

“interest rate will reset quarterly at a variable rate equal to the then current three-month term secured overnight financing rate (“SOFR”), plus 233 basis points.” · word for word

Interest rate risk from declining rates

“Decreases in market interest rates, and potential future decreases, may put downward pressure on our net interest margin, as the negative impact on floating rate loans may not be fully offset by the positive impacts of maturing fixed rate loans and securities repricing at higher rates or potential decreases in deposit costs.” · word for word

Credit risk from CRE and multifamily concentration

“Loans rated pass-watch or worse increased $12.5 million, or 6.2%, from December 31, 2024 to December 31, 2025, primarily attributable to downgrades within the multifamily and commercial real estate - non-owner occupied segments” · word for word

Integration risk from acquisition; potential dilution from stock issuance.

“Acquisition of CNB Bank Shares; stock consideration of ~5.5M shares may dilute existing shareholders.”

Integration risk and potential diversion of management attention.

“Potential adverse reactions or changes to business or employee relationships... diversion of management time on merger-related issues.” · word for word

Interest rate risk from declining rates

“Decreases in market interest rates, and potential future decreases, may put downward pressure on our net interest margin, as the negative impact on floating rate loans may not be fully offset by the positive impacts of maturing fixed rate loans and securities repricing at higher rates or potential decreases in deposit costs” · word for word

Credit risk from economic deterioration

“Potential deterioration of economic conditions may lead to higher credit losses and adversely impact our financial condition and results of operations” · word for word

Acquisition integration risk

“Pending CNB Bank Shares acquisition expected to close Q1 2026, subject to regulatory approvals and customary conditions”