37.47
+1.27%
Close of 9 Nov 2026, in USD
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About HBT Financial,
From its filings with the US Securities and Exchange Commission
HBT Financial, is based in Bloomington, Illinois and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker HBT. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported net income of $77.0m. At that date it held total assets of $5.07bn and shareholders' equity of $615.5m.
The roots of our Company can be traced back to 1920 when M.B. Drake, the grandfather of our Executive Chairman, Fred Drake, helped found a community bank in Cornland, Illinois. The Drake family went on to operate several banks throughout central Illinois, and in 1982, George Drake (M.B.'s son and Fred's father) incorporated the Company as one of the first multi-bank holding companies in Illinois. Since that time, we have grown both organically and through the successful integration of more than a dozen community bank acquisitions.
On March 1, 2026, HBT Financial completed its acquisition of CNB, the holding company for CNB Bank & Trust, N.A. (“CNB Bank”). The combined company will have increased density in the central Illinois, Chicago MSA, and St. Louis MSA markets. Prior to the acquisition, CNB operated 18 full-service branch locations which now operate as branches of Heartland Bank. The core system conversion is expected to occur in March 2026.
As of December 31, 2025, CNB had total assets of $1.8 billion, total loans of $1.3 billion, and total deposits of $1.5 billion. This acquisition is a subsequent event and the financial results of CNB are not recognized in this Form 10-K.
Quoted from its 10-K, filed 6 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 11 Oct 2019
- Employees
- 826
- Head office
- 401 N. HERSHEY ROAD, BLOOMINGTON, IL, 61702
- Incorporated in
- DE
- Classification
- State Commercial Banks
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Fred DrakeExecutive Chairman of the Company and Heartland Bank, since 1984$738,280
- Mr. J. Lance CarterPresident, Chief Executive Officer, Director of the Company and Heartland Bank, since 2011$1.2m
- Mr. Peter ChapmanChief Financial Officer, Executive Vice President of the Company and Heartland Bank$672,811
- Ms. Andrea ZurkamerExecutive Vice President and Chief Risk Officer of the Company and Heartland Bank
- Mr. Lawrence HorvathExecutive Vice President, Chief Lending Officer of the Company and Heartland Bank$591,795
- Ms. Diane LanierExecutive Vice President and Chief Retail Officer of the Company and Heartland Bank
- Mr. Mark ScheirerExecutive Vice President and Chief Credit Officer of the Company and Heartland Bank$463,220
- Mr. James AshworthDirector
- Mr. Patrick BuschDirector, since 1998$946,413
- Mr. Allen DrakeDirector$44,886
- Ms. Nancy RuyleDirector
- Mr. Roger BakerIndependent Director$40,986
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 22
- Environment
- 2
- Social
- 25
- Governance
- 40
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- HBT Financial Inc has several strengths that contribute to its success:
Weaknesses
- Despite its strengths, HBT Financial Inc faces certain weaknesses that need to be addressed:
Opportunities
- There are several opportunities that HBT Financial Inc can explore to fuel its growth:
Threats
- HBT Financial Inc must be vigilant and proactive in addressing potential threats to its business:
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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