HBT on Nasdaq

HBT Financial, Inc.

American state commercial bank that raised $85 million in 2026 (SEC Form D).

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Last updated Oct 18, 2026.

Overview

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TickerHBT on Nasdaq
IndustryState Commercial Banks
HeadquartersBloomington, United States
Incorporated inDE²
Business address401 N. Hershey Road, Bloomington, Il 61702²
Filer categoryAccelerated filer²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income³⁴⁵⁶⁷$77.0M in 2025+15% since 2019

Fiscal year	2019	2020	2021	2022	2023	2024	2025
Interest	$9.9M³	$6.5M⁴	$5.8M⁵	$7.2M⁵	$37.9M⁵
Income tax	$5.3M³	$12.7M⁴	$20.3M⁵	$19.7M⁶	$22.7M⁷	$25.6M⁷	$27.5M⁷
Net income	$66.9M³	$36.8M⁴	$56.3M⁵	$56.5M⁶	$65.8M⁷	$71.8M⁷	$77.0M⁷
Earnings per share	$3.33³	$1.34⁴	$2.02⁵	$1.95⁶	$2.08⁷	$2.27⁷	$2.44⁷
Earnings per share (diluted)	$3.33³	$1.34⁴	$2.02⁵	$1.95⁶	$2.07⁷	$2.26⁷	$2.44⁷

Total assets¹⁰³⁴⁵⁶⁷$5.1B in 2025+56% since 2019

Total liabilities¹⁰³⁴⁵⁶⁷$4.5B in 2025+53% since 2019

Shareholders’ equity⁴⁵⁶⁷$615.5M in 2025+85% since 2019

Cash¹⁰³⁴⁵⁶⁷$122.3M in 2025−57% since 2019

Fiscal year	2019	2020	2021	2022	2023	2024	2025	2026
Cash	$284.0M¹⁰	$312.5M³	$409.3M⁴	$114.2M⁵	$141.3M⁶	$137.7M⁷	$122.3M⁷
Total assets	$3.2B¹⁰	$3.7B³	$4.3B⁴	$4.3B⁵	$5.1B⁶	$5.0B⁷	$5.1B⁷
Total liabilities	$2.9B¹⁰	$3.3B³	$3.9B⁴	$3.9B⁵	$4.6B⁶	$4.5B⁷	$4.5B⁷
Shareholders’ equity	$332.9M⁴	$363.9M⁵	$411.9M⁶	$373.6M⁷	$489.5M⁷	$544.6M⁷	$615.5M⁷
Shares outstanding	27.5M shares¹⁰	27.5M shares³	29.0M shares⁴	28.8M shares⁵	31.7M shares⁶	31.6M shares⁷	31.4M shares⁷	31.4M shares⁷

Cash from operations³⁴⁵⁶⁷$85.1M in 2025−5% since 2019

Dividends paid³⁴⁵⁶⁷$26.6M in 2025−88% since 2019

Share buybacks⁵⁶⁷$4.5M in 2025−8% since 2021

Fiscal year	2019	2020	2021	2022	2023	2024	2025
Cash from operations	$89.1M³	$31.3M⁴	$43.0M⁵	$72.6M⁶	$65.8M⁷	$89.4M⁷	$85.1M⁷
Dividends paid	$225.0M³	$16.5M⁴	$16.8M⁵	$18.6M⁶	$21.9M⁷	$24.2M⁷	$26.6M⁷
Share buybacks			$4.9M⁵	$4.8M⁶	$8.9M⁷	$4.4M⁷	$4.5M⁷
Dividend per share	$12.48³	$0.60⁴	$0.60⁵	$0.64⁶	$0.68⁷	$0.76⁷	$0.84⁷

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Leadership

Who has led HBT Financial, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

Fred L. Drake2019–2023

Chair

Fred L. Drake2020–now

Chief financial officer

20202025

Chief executive officerFred L. Drake Oct 10, 2019 to Mar 2, 2023¹¹
ChairFred L. Drake Mar 12, 2020 to now¹²
Chief financial officerPeter Robert Chapman Mar 4, 2024 to now¹³
Chief financial officerMatthew J. Doherty Oct 10, 2019 to Mar 1, 2022¹⁴

Board members and other officers (19)

EXECUTIVE VICE PRESIDENTPeter Robert Chapman Oct 4, 2022 to Oct 4, 2022¹⁵
SVP & Chief Risk OfficerAndrea E. Zurkamer Oct 10, 2019 to now¹⁶
EVP and Chief Retail OfficerDiane H. Lanier Oct 10, 2019 to now¹⁷
OfficerLarry J. Kallembach Oct 10, 2019 to Jan 30, 2020¹⁸
OfficerLawrence J. Horvath Oct 10, 2019 to now¹⁹
SVP & Chief Credit OfficerMark W. Scheirer Oct 10, 2019 to now²⁰
EVP & Chief Lending OfficerPatrick F. Busch Oct 10, 2019 to Mar 1, 2022²¹
Board memberJames T. Ashworth Mar 2, 2026 to now²²
Board memberNancy L. Ruyle Mar 2, 2026 to now²³
Board memberMichael Morton Apr 1, 2026 to now²⁴
Board memberRoger A. Baker Mar 2, 2022 to now²⁵
Board memberLinda J. Koch Jun 25, 2020 to now²⁶
Board memberAllen C. Drake Oct 10, 2019 to now²⁷
Board memberC. Alvin Bowman Oct 10, 2019 to now²⁸
Board memberDale S. Strassheim Oct 10, 2019 to Feb 23, 2021²⁹
Board memberEric E. Burwell Oct 10, 2019 to now³⁰
Board memberFred L. Drake Oct 10, 2019 to Mar 16, 2020¹¹
Board memberGerald E. Pfeiffer Oct 10, 2019 to now³¹
Board memberPatrick F. Busch Oct 10, 2019 to now²¹

Former names

HEARTLAND BANCORP, INC.Jul 2, 2019 to Aug 15, 2019²

Timeline

Oct 10, 2019New chief executive Fred L. Drake becomes CEO¹¹
Jun 28, 1982Founded HBT Financial, Inc. is founded³²

Filings

275 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 60 major events, 130 insider forms, 5 large holders, 1 private raises, 59 other. The latest 20:

Sep 18, 2026424B3 EDGAR
Sep 16, 2026EFFECT EDGAR
Sep 14, 2026S-4/A EDGAR
Aug 31, 2026S-4 EDGAR
Aug 19, 20264 EDGAR
Aug 10, 20268-K EDGAR
Aug 7, 202610-Q EDGAR
Aug 6, 2026EFFECT EDGAR
Aug 6, 2026424B3 EDGAR
Aug 4, 2026S-4/A EDGAR
Jul 27, 20268-K EDGAR
Jun 12, 2026S-4/A EDGAR
Jun 1, 20263 EDGAR
May 27, 2026S-4 EDGAR
May 21, 20268-K EDGAR
May 18, 2026EFFECT EDGAR
May 14, 2026CORRESP EDGAR
May 13, 2026S-3/A EDGAR
May 6, 202610-Q EDGAR
May 1, 20264 EDGAR

The 275 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 5 such filings since October 2021:

Jul 30, 2025SCHEDULE 13G/A
Feb 14, 2024SC 13G/A
Jan 29, 2024SC 13G
Feb 14, 2023SC 13G/A
Feb 10, 2022SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Money raised

Private offerings the company reported to the SEC on Form D.

Mar 11, 2026Raised $85 million in a private offering of debt Form D: 43 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
BlackRock, Inc.	1,979,411	$63.3M	0.0%	+371,783
Vanguard Capital Management LLC	726,752	$23.2M	0.0%	+206,638
Dimensional Fund Advisors LP	588,886	$18.8M	0.0%	+27,727
Manufacturers Life Insurance Company, The	490,011	$15.7M	0.0%	−1,407
Adage Capital Partners Gp, L.l.c.	473,202	$15.1M	0.0%	+27,422
Geode Capital Management, LLC	450,008	$14.4M	0.0%	+147,969
State Street Corp	395,928	$12.7M	0.0%	+103,228
American Century Companies Inc	349,781	$11.2M	0.0%	+23,837
LPL Financial LLC	321,709	$10.3M	0.0%	−2,339
Wellington Management Group Llp	298,605	$9.6M	0.0%	New
Royce & Associates LP	264,422	$8.5M	0.1%	No change
Allspring Global Investments Holdings, LLC	249,975	$8.0M	0.0%	+124,624
Northern Trust Corp	194,494	$6.2M	0.0%	+44,271
Siena Capital Partners GP, LLC	182,331	$5.8M	1.4%	No change
Heartland Bank & Trust Co	150,575	$4.8M	1.0%	−9,912
Bank of New York Mellon Corp	139,809	$4.5M	0.0%	+18,158
Charles Schwab Investment Management Inc	135,370	$4.3M	0.0%	+41,309
Morgan Stanley	121,661	$3.9M	0.0%	+18,596
Two Sigma Investments, LP	121,492	$3.9M	0.0%	+67,446
Vanguard Fiduciary Trust Co	113,457	$3.6M	0.0%	+40,015
Vanguard Portfolio Management LLC	109,524	$3.5M	0.0%	+43,855
Captrust Financial Advisors	94,743	$3.0M	0.0%	−448
Johnson Investment Counsel Inc	82,705	$2.6M	0.0%	+98
Goldman Sachs Group Inc	82,650	$2.6M	0.0%	−26,607
Nuveen, LLC	64,589	$2.1M	0.0%	+6,516

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARHBT Financial, Inc. filings on SEC EDGAR
2
SEC EDGARHBT Financial, Inc. filings on SEC EDGAR
3
SEC EDGARHBT Financial, Inc. 10-K for fiscal 2019
4
SEC EDGARHBT Financial, Inc. 10-K for fiscal 2020
5
SEC EDGARHBT Financial, Inc. 10-K for fiscal 2021
6
SEC EDGARHBT Financial, Inc. 10-K for fiscal 2022
7
SEC EDGARHBT Financial, Inc. 10-K for fiscal 2023
8
SEC EDGARHBT Financial, Inc. 10-Q for fiscal 2026
9
SEC EDGARHBT Financial, Inc. 10-Q for fiscal 2026
10
SEC EDGARHBT Financial, Inc. 10-K for fiscal 2019
11
SEC EDGARFred L. Drake, Chief executive officer
12
SEC EDGARFred L. Drake, Chair
13
SEC EDGARPeter Robert Chapman, Chief financial officer
14
SEC EDGARMatthew J. Doherty, Chief financial officer
15
SEC EDGARPeter Robert Chapman, EXECUTIVE VICE PRESIDENT
16
SEC EDGARAndrea E. Zurkamer, SVP & Chief Risk Officer
17
SEC EDGARDiane H. Lanier, EVP and Chief Retail Officer
18
SEC EDGARLarry J. Kallembach, Officer
19
SEC EDGARLawrence J. Horvath, Officer
20
SEC EDGARMark W. Scheirer, SVP & Chief Credit Officer
21
SEC EDGARPatrick F. Busch, EVP & Chief Lending Officer
22
SEC EDGARJames T. Ashworth, Board member
23
SEC EDGARNancy L. Ruyle, Board member
24
SEC EDGARMichael Morton, Board member
25
SEC EDGARRoger A. Baker, Board member
26
SEC EDGARLinda J. Koch, Board member
27
SEC EDGARAllen C. Drake, Board member
28
SEC EDGARC. Alvin Bowman, Board member
29
SEC EDGARDale S. Strassheim, Board member
30
SEC EDGAREric E. Burwell, Board member
31
SEC EDGARGerald E. Pfeiffer, Board member
32
gleifHBT Financial, Inc. is founded