MergerApr 29, 2026, 07:02 AM
HBT Financial Completes CNB Merger for $182.1M
AI Summary
HBT Financial, Inc. completed its previously announced acquisition of CNB Bank Shares, Inc. on March 1, 2026. The total consideration for the merger was $182.1 million, comprising 5,498,131 shares of HBT Financial common stock and $33.8 million in cash. This amendment to a prior 8-K filing provides the audited financial statements of CNB and unaudited pro forma condensed combined financial information, illustrating the combined entity's financial position and results as if the merger had occurred on December 31, 2025, and January 1, 2025, respectively.
Key Highlights
- HBT Financial completed CNB Bank Shares acquisition on March 1, 2026.
- Total merger consideration was $182.1 million.
- Consideration included 5,498,131 HBT Financial common shares.
- Cash component of merger consideration was $33.8 million.
- Pro forma combined total assets: $6.85 billion as of Dec 31, 2025.
- Pro forma combined net income: $86.72 million for year ended Dec 31, 2025.
- Pro forma basic EPS: $2.34 for year ended Dec 31, 2025.
Price Impact
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