Recent Updates — HBT

HBT Financial, Inc. reports that Tri-County Financial Group (TYFG) shareholders approved the proposed merger at a special meeting on October 29, 2026. The transaction remains subject to regulatory approval and customary closing conditions. HBT expects the deal to close in early Q1 2027. This acquisition expands HBT's footprint in Illinois banking markets.

The Board of Directors declared a quarterly cash dividend of $0.25 per share on common stock, payable November 17, 2026 to shareholders of record as of November 9, 2026. HBT Financial operates in the banking industry.

HBT Financial reported third-quarter 2026 net income of $31.4 million, or $0.86 per diluted share, an increase from $27.8 million in the prior quarter and $19.8 million a year ago. Net interest margin expanded 3 basis points to 4.35%, while noninterest income rose 20.2% to $14.2 million, aided by wealth management fees and a $0.4 million excise tax refund. Nonperforming assets remained low at 0.16% of total assets. The company also provided an update on its pending acquisition of Tri-County Financial Group, Inc., which is expected to close in early 2027 subject to regulatory and stockholder approvals. HBT Financial operates as a bank holding company providing financial services through Heartland Bank and Trust Company.

HBT Financial, Inc. announced the execution of a definitive merger agreement with Tri-County Financial Group, Inc., under which Tri-County will merge into HBT in a transaction valued at approximately $204.6 million based on an implied purchase price of $82.89 per share. Tri-County shareholders may elect to receive 2.4589 shares of HBT common stock, $71.01 cash, or a combination thereof for each share held. The combined entity will hold approximately $8.3 billion in total assets and is expected to close in the first quarter of 2027, subject to regulatory approvals and Tri-County shareholder consent. This acquisition expands HBT Financial's footprint in Illinois and surrounding regions through its community banking operations.