Company Profile
- Headquartered in Bloomington, Illinois, HBT Financial, Inc. (NASDAQ: HBT) (“the company”) is a $5 billion asset bank holding company for Heartland Bank & Trust Company (“the bank”). Incorporated in 1982 from a consortium of family-owned banks, the company operates a network of 66 branches throughout Central Illinois and Eastern Iowa, as well as a Chicago and St. Louis MSA.
- Acquisitions have been a core contributor to the company’s growth and market expansion strategy over time. During the first half of 2023, HBT successfully completed the acquisition of the $876 million in assets Town and Country Financial Corporation (“Town and Country”).
- HBT’s commercially oriented loan portfolio is relatively balanced by subsegments. Investor CRE (including multifamily) and C&D lending are largely in-market and represented approximately 40% and 10% of total loans, respectively, at 2Q24. Also included in the loan portfolio were C&I (including…