HBT Financial, Inc. (NASDAQ: HBT; “the company”) is a ~$7 billion asset bank holding company headquartered in Bloomington, Illinois, operating through principal subsidiary, Heartland Bank & Trust Company (“the bank”). The franchise spans 83 branches across Central Illinois, Chicago MSA, Eastern Iowa and suburban St. Louis. The company maintains a 20% deposit market share in Bloomington MSA and top deposit positions in most of its Central IL markets.
The company’s growth in recent years has been acquisitive, completing three whole bank acquisitions since its IPO in 2019. In 1Q26, the company completed the CNB Bank Shares Inc. acquisition, adding $1.8 billion of assets and expanding its footprint across Central Illinois, Chicago, and the St. Louis MSA. More recently, in 3Q26, HBT announced a definitive agreement to acquire Tri-County Financial Group, Inc. (“TYFG”), a strategically complementary transaction that would further deepen its Central Illinois…
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