# EDGAR Filing Document

**Accession Number:** 0000775215
**File Stem:** 0000775215-26-000010
**Filing Date:** 2026-1
**Character Count:** 127262
**Document Hash:** 291992170805a17525d1dc74d9cb67b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000775215-26-000010.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0000775215-26-000010

**CONFORMED SUBMISSION TYPE**: 425

**PUBLIC DOCUMENT COUNT**: 44

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HBT Financial, Inc.
- **CENTRAL INDEX KEY:** 0000775215
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 371117216
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39085
- **FILM NUMBER:** 26558400

**BUSINESS ADDRESS:**
- **STREET 1:** 401 N. HERSHEY ROAD
- **CITY:** BLOOMINGTON
- **STATE:** IL
- **ZIP:** 61702
- **BUSINESS PHONE:** (309) 662-4444

**MAIL ADDRESS:**
- **STREET 1:** 401 N. HERSHEY ROAD
- **CITY:** BLOOMINGTON
- **STATE:** IL
- **ZIP:** 61702

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HEARTLAND BANCORP, INC.
- **DATE OF NAME CHANGE:** 20190624

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HEARTLAND BANCORP
- **DATE OF NAME CHANGE:** 19850822
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HBT Financial, Inc.
- **CENTRAL INDEX KEY:** 0000775215
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 371117216
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425

**BUSINESS ADDRESS:**
- **STREET 1:** 401 N. HERSHEY ROAD
- **CITY:** BLOOMINGTON
- **STATE:** IL
- **ZIP:** 61702
- **BUSINESS PHONE:** (309) 662-4444

**MAIL ADDRESS:**
- **STREET 1:** 401 N. HERSHEY ROAD
- **CITY:** BLOOMINGTON
- **STATE:** IL
- **ZIP:** 61702

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HEARTLAND BANCORP, INC.
- **DATE OF NAME CHANGE:** 20190624

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HEARTLAND BANCORP
- **DATE OF NAME CHANGE:** 19850822

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT PURSUANT TO**

**SECTION 13 OR 15(d) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

Date of report (Date of earliest event reported): January 26, 2026

**HBT FINANCIAL, INC.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-39085** | **37-1117216** |
| (State or other jurisdiction<br>of incorporation) | (Commission File Number) | (IRS Employer<br>Identification Number) |
| **401 North Hershey Road**<br>**Bloomington, Illinois** | | **61704** |
| (Address of principal executive<br>offices) | | (Zip Code) |

---

**(309) 662-4444**

(Registrant's telephone number, including area code)

**N/A**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☒ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, par value $0.01 per share | HBT | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02. Results of Operations and Financial Condition.**

On January 26, 2026, HBT Financial, Inc. (the "Company") issued a press release announcing its financial results for the fourth quarter ended and year ended December 31, 2025 (the "Earnings Release"). A copy of the Earnings Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this "Report") and is incorporated herein by reference.

*The information contained in Item 2.02, including Exhibit 99.1 furnished herewith, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended (the "Securities Act"), or into any filing or other document pursuant to the Exchange Act, except to the extent required by applicable law or regulation.*

**Item 7.01. Regulation FD Disclosure.**

The Company has prepared a presentation of its results for the fourth quarter ended and year ended December 31, 2025 (the "Presentation") to be used from time to time during meetings with members of the investment community. A copy of the Presentation is furnished as Exhibit 99.2 to this Report and is incorporated herein by reference. The Presentation will also be made available on the Company's investor relations website at ir.hbtfinancial.com under the Presentations section.

*The information contained in Item 7.01, including Exhibit 99.2 furnished herewith, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act, or into any filing or other document pursuant to the Exchange Act, except to the extent required by applicable law or regulation.*

**Item 9.01. Financial Statements and Exhibits.**

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| | |
|:---|:---|
| **Exhibit Number** | **Description of Exhibit** |
| <u>[99.1](hbt-20251231ex991.htm)</u> | Earnings Release issued January 26, 2026 for the Fourth Quarter Ended and Year Ended December 31, 2025. |
| <u>[99.2](hbt-20251231ex992.htm)</u> | HBT Financial, Inc. Presentation of Results for the Fourth Quarter Ended and Year Ended December 31, 2025. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **HBT FINANCIAL, INC.** | **HBT FINANCIAL, INC.** |
| | By: | /s/ Peter R. Chapman |
| | | Name: Peter R. Chapman |
| | | Title: Chief Financial Officer |
| Date: January 26, 2026 |  |  |

---

## Exhibit 99.1

**EXHIBIT 99.1**

![hbt-logo.jpg](hbt-logo.jpg)

**HBT FINANCIAL, INC. ANNOUNCES**

**FOURTH QUARTER 2025 FINANCIAL RESULTS**

**<u>Fourth Quarter Highlights</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Net income of $18.9 million, or $0.60 per diluted share; return on average assets ("ROAA") of 1.47%; return on average stockholders' equity ("ROAE") of 12.34%; and return on average tangible common equity ("ROATCE")**<sup>(1)</sup> **of 14.08%**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Adjusted net income**<sup>(1)</sup> **of $20.1 million, or $0.64 per diluted share; adjusted ROAA**<sup>(1)</sup> **of 1.57%; adjusted ROAE**<sup>(1)</sup> **of 13.12%; and adjusted ROATCE**<sup>(1)</sup> **of 14.97%**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Asset quality remained strong with nonperforming assets to total assets of 0.17% and net charge-offs to average loans of 0.10%, on an annualized basis**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Net interest margin decreased 1 basis point to 4.12% and net interest margin (tax-equivalent basis)**<sup>(1)</sup> **decreased 2 basis points to 4.16%**

**Bloomington, IL, January 26, 2026** – HBT Financial, Inc. (NASDAQ: HBT) (the "Company", "HBT Financial" or "HBT"), the holding company for Heartland Bank and Trust Company, today reported net income of $18.9 million, or $0.60 diluted earnings per share, for the fourth quarter of 2025. This compares to net income of $19.8 million, or $0.63 diluted earnings per share, for the third quarter of 2025, and net income of $20.3 million, or $0.64 diluted earnings per share, for the fourth quarter of 2024.

J. Lance Carter, President and Chief Executive Officer of HBT Financial, said, "Our fourth quarter results wrapped up a very successful 2025, with adjusted net income<sup>(1)</sup> of $20.1 million, or $0.64 per diluted share, which was underpinned by strong balance sheet growth, excellent asset quality, and a resilient net interest margin. Loans increased $56.2 million, or 6.6% on an annualized basis, during the fourth quarter of 2025. Deposits also increased during the quarter despite moving $50.0 million of wealth management deposits off balance sheet due to strong liquidity. Asset quality remained strong with nonperforming assets to total assets remaining stable at 0.17% and charge-offs for the quarter remaining modest at 0.10%, on an annualized basis, and 0.07% for the full year.

Profitability remained strong during the fourth quarter of 2025, with an adjusted return on average assets<sup>(1)</sup> of 1.57% and an adjusted return on average tangible common equity<sup>(1)</sup> of 14.97%. In addition, tangible book value per share<sup>(1)</sup> increased to $17.20 at December 31, 2025, a 16.2% increase over the past year.

Looking ahead to 2026, we feel our strong liquidity, capital, and asset quality levels position us for another solid year of performance. We are excited about the proposed merger with CNB Bank Shares, Inc., which will be an attractive combination of our two franchises, materially enhancing our presence in the Chicago and St. Louis markets while also providing access to many new markets in central Illinois. We look forward to CNB Bank employees joining our team. The integration planning is progressing well, with anticipated closing and core system conversion expected to be completed in the first quarter of 2026."

____________________________________

(1)See "Reconciliation of Non-GAAP Financial Measures" below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.

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*HBT Financial, Inc.*

*Page 2*

**Adjusted Net Income**

In addition to reporting GAAP results, the Company believes non-GAAP measures such as adjusted net income and adjusted earnings per share, which adjust for acquisition expenses, branch closure expenses, losses on extinguishment of debt, gains (losses) on closed branch premises, realized gains (losses) on sales of securities, mortgage servicing rights ("MSR") fair value adjustments, and the tax effect of these pre-tax adjustments, provide investors with additional insight into its operational performance. The Company reported adjusted net income of $20.1 million, or $0.64 adjusted diluted earnings per share, for the fourth quarter of 2025. This compares to adjusted net income of $20.5 million, or $0.65 adjusted diluted earnings per share, for the third quarter of 2025, and adjusted net income of $19.5 million, or $0.62 adjusted diluted earnings per share, for the fourth quarter of 2024. See "Reconciliation of Non-GAAP Financial Measures" tables below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.

**Net Interest Income and Net Interest Margin**

Net interest income for the fourth quarter of 2025 was $50.5 million, an increase of 1.1% from $50.0 million for the third quarter of 2025. The increase was primarily attributable to a decrease in funding costs and higher average interest-earning asset balances, which were partially offset by lower yields on loans as a result of decreases in benchmark interest rates. Additionally, a $0.3 million decrease in loan fees was partially offset by a $0.1 million increase in nonaccrual interest recoveries.

Relative to the fourth quarter of 2024, net interest income increased 6.6% from $47.4 million. The increase was primarily attributable to lower funding costs, higher average interest-earning asset balances, and improved yields on debt securities which were partially offset by a decrease in loan yields. Partially offsetting these improvements were a $0.2 million decrease in acquired loan discount accretion and a $0.1 million decrease in nonaccrual interest recoveries.

Net interest margin for the fourth quarter of 2025 was 4.12%, compared to 4.13% for the third quarter of 2025, while net interest margin (tax-equivalent basis)<sup>(1)</sup> for the fourth quarter of 2025 was 4.16%, compared to 4.18% for the third quarter of 2025. Lower yields on loans, which decreased 13 basis points to 6.22%, primarily driven by lower interest rates and a reduction in loan fees, were largely offset by higher average loan balances and lower funding costs, which decreased 6 basis points to 1.23%.

Relative to the fourth quarter of 2024, net interest margin increased 16 basis points from 3.96% and net interest margin (tax-equivalent basis)<sup>(1)</sup> increased 15 basis points from 4.01%. These increases were primarily attributable to lower funding costs and improved yields on debt securities, partially offset by a decrease in loan yields.

____________________________________

(1)See "Reconciliation of Non-GAAP Financial Measures" below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.

**Noninterest Income**

Noninterest income for the fourth quarter of 2025 was $9.9 million, a slight increase from $9.8 million for the third quarter of 2025. The increase was primarily attributable to a $0.2 million increase in wealth management fees, primarily driven by an increase in farm management fees and higher values of assets under management, as well as changes in the MSR fair value adjustment, with a $0.3 million negative MSR fair value adjustment included in the fourth quarter 2025 results compared to a $0.5 million negative MSR fair value adjustment included in the third quarter 2025 results. These improvements were mostly offset by a $0.2 million loss on the sale of foreclosed assets during the fourth quarter of 2025 compared to a $0.1 million gain during the third quarter 2025.

Relative to the fourth quarter of 2024, noninterest income decreased 14.9% from $11.6 million. The decrease was primarily attributable to changes in the MSR fair value adjustment, with a $0.3 million negative MSR fair value adjustment included in the fourth quarter 2025 results compared to a $1.3 million positive MSR fair value adjustment included in the fourth quarter 2024 results. Additionally, a $0.2 million decrease in income of bank owned life insurance, primarily attributable to the absence of a $0.2 million gain on life insurance proceeds recognized in the fourth quarter 2024 results, was mostly offset by higher wealth management fees.

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*HBT Financial, Inc.*

*Page 3*

**Noninterest Expense**

Noninterest expense for the fourth quarter of 2025 was $33.1 million, a 1.7% increase from the third quarter of 2025. The increase was primarily attributable to $1.0 million of acquisition-related expenses included in the fourth quarter 2025 results. Excluding acquisition-related expenses, the $0.4 million decrease in noninterest expense was primarily attributable to the absence of a $0.4 million loss on extinguishment of debt included in the third quarter 2025 results associated with the early payoff of $40.0 million of subordinated notes. Additionally, a $0.4 million increase in data processing expense, primarily related to a planned call center software upgrade, was mostly offset by a $0.3 million decrease in other noninterest expense.

Relative to the fourth quarter of 2024, noninterest expense increased 7.0% from $30.9 million. Excluding acquisition-related expenses, the $1.2 million increase in noninterest expense was primarily attributable to higher salaries expense, driven by annual merit increases, and higher employee benefits expense, driven by higher medical benefit costs.

**Pending Acquisition of CNB Bank Shares, Inc.**

On October 20, 2025, HBT Financial and CNB Bank Shares, Inc. ("CNB"), the holding company for CNB Bank & Trust, N.A. ("CNB Bank"), jointly announced the signing of a definitive agreement pursuant to which HBT will acquire CNB and CNB Bank. The acquisition will further enhance HBT's footprint in the central Illinois, the Chicago MSA and the St. Louis MSA markets. Acquisition-related expenses consisted of the following during the fourth quarter of 2025 (dollars in thousands):

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| | |
|:---|:---|
| **NONINTEREST EXPENSE** | |
| &nbsp;&nbsp;Salaries | 43 |
| &nbsp;&nbsp;Data processing | 370 |
| &nbsp;&nbsp;Legal fees and other noninterest expense | 586 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total acquisition-related expenses** | $999 |

---

**Loan Portfolio**

Total loans outstanding, before allowance for credit losses, were $3.46 billion at December 31, 2025, compared with $3.40 billion at September 30, 2025, and $3.47 billion at December 31, 2024. The $56.2 million increase from September 30, 2025 was primarily attributable to new originations to existing customers within the construction and land development and multi-family segments, as well as higher line usage in our commercial and industrial portfolio. The higher line usage was driven in part by a $15.5 million seasonal increase in grain elevator line balances as well as $8.0 million drawn on two customers' lines which were funded shortly before and paid off shortly after year-end.

**Deposits**

Total deposits were $4.36 billion at December 31, 2025, compared with $4.35 billion at September 30, 2025, and $4.32 billion at December 31, 2024. The $12.1 million increase from September 30, 2025 was primarily attributable to higher balances maintained in retail and business accounts. These increases were partially offset by a $65.2 million reduction in wealth management customer money market deposits, of which $50.0 million was moved off-balance sheet during the fourth quarter due to strong levels of on-balance sheet liquidity, and lower balances maintained in public fund accounts.

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*HBT Financial, Inc.*

*Page 4*

**Asset Quality**

Nonperforming assets totaled $8.7 million, or 0.17% of total assets, at December 31, 2025, compared with $8.6 million, or 0.17% of total assets, at September 30, 2025, and $8.0 million, or 0.16% of total assets, at December 31, 2024. Additionally, of the $7.6 million of nonperforming loans held as of December 31, 2025, $2.2 million were either wholly or partially guaranteed by the U.S. government.

The Company recorded a provision for credit losses of $1.5 million for the fourth quarter of 2025. The provision for credit losses primarily reflects a $2.2 million increase in required reserves driven by increased loan balances and changes within the portfolio; a $0.1 million increase in required reserves driven by changes in the economic forecast; and a $0.8 million decrease in specific reserves.

The Company had net charge-offs of $0.8 million, or 0.10% of average loans on an annualized basis, for the fourth quarter of 2025, compared to net charge-offs of $0.1 million, or 0.02% of average loans on an annualized basis, for the third quarter of 2025, and net charge-offs of $0.7 million, or 0.08% of average loans on an annualized basis, for the fourth quarter of 2024.

The Company's allowance for credit losses was 1.21% of total loans and 552% of nonperforming loans at December 31, 2025, compared with 1.23% of total loans and 548% of nonperforming loans at September 30, 2025. In addition, the allowance for credit losses on unfunded lending-related commitments totaled $4.1 million as of December 31, 2025, compared with $3.3 million as of September 30, 2025.

**Capital**

As of December 31, 2025, the Company exceeded all regulatory capital requirements under Basel III as summarized in the following table:

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| | | |
|:---|:---|:---|
| | **December 31, 2025** | **For Capital**<br>**Adequacy Purposes**<br>**With Capital**<br>**Conservation Buffer** |
| Total capital to risk-weighted assets | 16.82% | 10.50% |
| Tier 1 capital to risk-weighted assets | 15.72 | 8.50 |
| Common equity tier 1 capital ratio | 14.42 | 7.00 |
| Tier 1 leverage ratio | 12.26 | 4.00 |

---

The ratio of tangible common equity to tangible assets<sup>(1)</sup> increased to 10.82% as of December 31, 2025, from 10.56% as of September 30, 2025, and tangible book value per share<sup>(1)</sup> increased by $0.56 to $17.20 as of December 31, 2025, when compared to September 30, 2025.

During the fourth quarter of 2025, the Company repurchased 23,879 shares of its common stock at a weighted average price of $24.33 under its stock repurchase program. The Company's Board of Directors authorized a new stock repurchase program that took effect upon the expiration of the Company's prior stock repurchase program on January 1, 2026. The new stock repurchase program will be in effect until January 1, 2027 and authorizes the Company to repurchase up to $30.0 million of its common stock.

____________________________________

(1)See "Reconciliation of Non-GAAP Financial Measures" below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.

**About HBT Financial, Inc.**

HBT Financial, Inc., headquartered in Bloomington, Illinois, is the holding company for Heartland Bank and Trust Company, and has banking roots that can be traced back to 1920. HBT Financial provides a comprehensive suite of financial products and services to consumers, businesses, and municipal entities throughout Illinois and eastern Iowa through 66 full-service branches. As of December 31, 2025, HBT Financial had total assets of $5.1 billion, total loans of $3.5 billion, and total deposits of $4.4 billion.

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*HBT Financial, Inc.*

*Page 5*

**Non-GAAP Financial Measures**

Some of the financial measures included in this press release are not measures of financial performance recognized in accordance with GAAP. These non-GAAP financial measures include adjusted net income, adjusted earnings per share, adjusted ROAA, pre-provision net revenue, pre-provision net revenue less charge-offs (recoveries), adjusted pre-provision net revenue, adjusted pre-provision net revenue less charge-offs (recoveries), net interest income (tax-equivalent basis), net interest margin (tax-equivalent basis), efficiency ratio (tax-equivalent basis), adjusted efficiency ratio (tax-equivalent basis), the ratio of tangible common equity to tangible assets, tangible book value per share, adjusted ROAE, ROATCE, and adjusted ROATCE. Our management uses these non-GAAP financial measures, together with the related GAAP financial measures, in its analysis of our performance and in making business decisions. Management believes that it is a standard practice in the banking industry to present these non-GAAP financial measures, and accordingly believes that providing these measures may be useful for peer comparison purposes. These disclosures should not be viewed as substitutes for the results determined to be in accordance with GAAP; nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies. See our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures in the "Reconciliation of Non-GAAP Financial Measures" tables.

**Forward-Looking Statements**

Readers should note that in addition to the historical information contained herein, this press release contains, and future oral and written statements of the Company and its management may contain, "forward-looking statements" within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "will," "propose," "may," "plan," "seek," "expect," "intend," "estimate," "anticipate," "believe," "continue," or "should," or similar terminology. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to: (i) the strength of the local, state, national and international economies and financial markets (including effects of inflationary pressures and supply chain constraints); (ii) effects on the U.S. economy resulting from the threat or implementation of, or changes to, existing policies and executive orders including tariffs, immigration policy, regulatory or other governmental agencies, foreign policy and tax regulations; (iii) the economic impact of any future terrorist threats and attacks, widespread disease or pandemics, acts of war or other threats thereof (including the Russian invasion of Ukraine, conflicts in the Middle East and recent military activity in Venezuela), or other adverse events that could cause economic deterioration or instability in credit markets, and the response of the local, state and national governments to any such adverse external events; (iv) new and revised accounting policies and practices, as may be adopted by state and federal regulatory banking agencies, the Financial Accounting Standards Board or the Public Company Accounting Oversight Board; (v) changes in local, state and federal laws, regulations and governmental policies concerning the Company's general business and any changes in response to bank failures; (vi) the imposition of tariffs or other governmental policies impacting the value of products produced by the Company's commercial borrowers; (vii) changes in interest rates and prepayment rates of the Company's assets; (viii) increased competition in the financial services sector, including from non-bank competitors such as credit unions and fintech companies, and the inability to attract new customers; (ix) technological changes implemented by us and other parties, including our third-party vendors, which may have unforeseen consequences to us and our customers, including the development and implementation of tools incorporating artificial intelligence; (x) unexpected results of acquisitions, which may include failure to realize the anticipated benefits of acquisitions and the possibility that transaction costs may be greater than anticipated; (xi) the loss of key executives and employees, talent shortages and employee turnover; (xii) changes in consumer spending; (xiii) unexpected outcomes or costs of existing or new litigation or other legal proceedings and regulatory actions involving the Company; (xiv) the economic impact on the Company and its customers of climate change, natural disasters and of exceptional weather occurrences such as tornadoes, floods and blizzards; (xv) fluctuations in the value of securities held in our securities portfolio, including as a result of changes in interest rates; (xvi) credit risks and risks from concentrations (by type of borrower, geographic area, collateral and industry) within our loan portfolio (including commercial real estate loans) and large loans to certain borrowers; (xvii) the overall health of the local and

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*HBT Financial, Inc.*

*Page 6*

national real estate market; (xviii) the ability to maintain an adequate level of allowance for credit losses on loans; (xix) the concentration of large deposits from certain clients who have balances above current FDIC insurance limits and who may withdraw deposits to diversify their exposure; (xx) the ability to successfully manage liquidity risk, which may increase dependence on non-core funding sources such as brokered deposits, and may negatively impact the Company's cost of funds; (xxi) the level of nonperforming assets on our balance sheet; (xxii) interruptions involving our information technology and communications systems or third-party servicers; (xxiii) the occurrence of fraudulent activity, breaches or failures of our third-party vendors' information security controls or cybersecurity-related incidents, including as a result of sophisticated attacks using artificial intelligence and similar tools or as a result of insider fraud; (xxiv) the effectiveness of the Company's risk management framework; (xxv) the possibility that stockholders of CNB may not approve the merger agreement; (xxvi) the risk that a condition to closing of the proposed transaction with CNB may not be satisfied, that either party may terminate the merger agreement or that the closing of the proposed transaction might be delayed or not occur at all; (xxvii) potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the proposed transaction with CNB; (xxviii) the diversion of management time on transaction-related issues; (xxix) the ultimate timing, outcome and results of integrating the operations of CNB into those of HBT; (xxx) the effects of the merger with CNB in HBT's future financial condition, results of operations, strategy and plans, and (xxxi) regulatory approvals of the transaction with CNB, and (xxxii) the ability of the Company to manage the risks associated with the foregoing as well as anticipated.

Readers should note that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Additional information concerning the Company and its business, including additional factors that could materially affect the Company's financial results, is included in the Company's filings with the Securities and Exchange Commission ("SEC").

**Important Information and Where to Find It**

In connection with the proposed transaction, HBT has filed materials with the SEC, including a Registration Statement on Form S-4 of HBT that includes a proxy statement of CNB and a prospectus of HBT. The Registration Statement has been declared effective by the SEC, and on or about December 19, 2025, HBT and CNB mailed a definitive proxy statement/prospectus to the shareholders of CNB in connection with its special meeting of shareholders to be held on January 26, 2026. This news release is not a substitute for the proxy statement/prospectus or the Registration Statement or for any other document that HBT has filed or may file with the SEC and send to CNB's shareholders in connection with the proposed transaction. CNB'S SHAREHOLDERS ARE URGED TO CAREFULLY AND THOROUGHLY READ THE PROXY STATEMENT/PROSPECTUS AND THE REGISTRATION STATEMENT, AS MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, AND OTHER RELEVANT DOCUMENTS FILED BY HBT OR CNB WITH THE SEC, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT HBT, CNB, THE PROPOSED TRANSACTION, THE RISKS RELATED THERETO AND RELATED MATTERS.

Investors are able to obtain free copies of the Registration Statement and proxy statement/prospectus, as each may be amended from time to time, and other relevant documents filed by HBT with the SEC through the website maintained by the SEC at www.sec.gov. Copies of documents filed with the SEC by HBT will be available free of charge from HBT's website at https:// ir.hbtfinancial.com or by contacting HBT's Investor Relations Department at HBTIR@hbtbank.com.

**Participants in the Proxy Solicitation**

HBT, CNB and their respective directors and certain of their executive officers and other members of management and employees may be deemed, under SEC rules, to be participants in the solicitation of proxies from CNB's shareholders in connection with the proposed transaction. Information regarding the executive officers and directors of HBT is included in its definitive proxy statement for its 2025 annual meeting filed with the SEC on April 9, 2025. Information regarding the executive officers and directors of CNB and additional information regarding the persons who may be deemed participants and their direct and indirect interests, by security holdings or otherwise, is set forth in the Registration Statement and proxy statement/prospectus filed with the SEC in connection with the proposed transaction. Free copies of these documents may be obtained as described in the paragraphs above.

------

*HBT Financial, Inc.*

*Page 7*

**No Offer or Solicitation**

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

**CONTACT:**

Peter Chapman

HBTIR@hbtbank.com

(309) 664-4556

------

*HBT Financial, Inc.*

*Page 8*

**HBT Financial, Inc.**

**Unaudited Consolidated Financial Summary**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| *(dollars in thousands, except per share data)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** | **2025** | **2024** |
| Interest and dividend income | $64391 | $64336 | $62798 | $255784 | $251700 |
| Interest expense | 13848 | 14350 | 15397 | 56889 | 62850 |
| Net interest income | 50543 | 49986 | 47401 | 198895 | 188850 |
| Provision for credit losses | 1463 | 596 | 725 | 3161 | 3031 |
| Net interest income after provision for credit losses | 49080 | 49390 | 46676 | 195734 | 185819 |
| Noninterest income | 9895 | 9849 | 11630 | 38190 | 35571 |
| Noninterest expense | 33061 | 32508 | 30908 | 129418 | 124007 |
| Income before income tax expense | 25914 | 26731 | 27398 | 104506 | 97383 |
| Income tax expense | 6976 | 6966 | 7126 | 27498 | 25603 |
| Net income | $18938 | $19765 | $20272 | $77008 | $71780 |
| Earnings per share - diluted | $0.60 | $0.63 | $0.64 | $2.44 | $2.26 |
| Adjusted net income <sup>(1)</sup> | $20139 | $20452 | $19546 | $79647 | $75002 |
| Adjusted earnings per share - diluted <sup>(1)</sup> | 0.64 | 0.65 | 0.62 | 2.52 | 2.37 |
| Book value per share | $19.58 | $19.05 | $17.26 |  |  |
| Tangible book value per share <sup>(1)</sup> | 17.20 | 16.64 | 14.80 |  |  |
| Shares of common stock outstanding | 31431924 | 31455803 | 31559366 |  |  |
| Weighted average shares of common stock outstanding, including all dilutive potential shares | 31559005 | 31587935 | 31702864 | 31611304 | 31712480 |
| **SUMMARY RATIOS** |  |  |  |  |  |
| Net interest margin \* | 4.12% | 4.13% | 3.96% | 4.13% | 3.96% |
| Net interest margin (tax-equivalent basis) \* <sup>(1)(2)</sup> | 4.16 | 4.18 | 4.01 | 4.17 | 4.01 |
| Efficiency ratio | 53.64% | 53.17% | 51.16% | 53.44% | 53.99% |
| Efficiency ratio (tax-equivalent basis) <sup>(1)(2)</sup> | 53.15 | 52.68 | 50.68 | 52.95 | 53.46 |
| Loan to deposit ratio | 79.28% | 78.21% | 80.27% |  |  |
| Return on average assets \* | 1.47% | 1.56% | 1.61% | 1.53% | 1.43% |
| Return on average stockholders' equity \* | 12.34 | 13.31 | 14.89 | 13.24 | 13.93 |
| Return on average tangible common equity \* <sup>(1)</sup> | 14.08 | 15.28 | 17.40 | 15.24 | 16.45 |
| Adjusted return on average assets \* <sup>(1)</sup> | 1.57% | 1.61% | 1.56% | 1.58% | 1.50% |
| Adjusted return on average stockholders' equity \* <sup>(1)</sup> | 13.12 | 13.77 | 14.36 | 13.70 | 14.55 |
| Adjusted return on average tangible common equity \* <sup>(1)</sup> | 14.97 | 15.81 | 16.77 | 15.77 | 17.19 |
| **CAPITAL** |  |  |  |  |  |
| Total capital to risk-weighted assets | 16.82% | 16.77% | 16.51% |  |  |
| Tier 1 capital to risk-weighted assets | 15.72 | 15.67 | 14.50 |  |  |
| Common equity tier 1 capital ratio | 14.42 | 14.35 | 13.21 |  |  |
| Tier 1 leverage ratio | 12.26 | 12.16 | 11.51 |  |  |
| Total stockholders' equity to total assets | 12.14 | 11.90 | 10.82 |  |  |
| Tangible common equity to tangible assets <sup>(1)</sup> | 10.82 | 10.56 | 9.42 |  |  |
| **ASSET QUALITY** |  |  |  |  |  |
| Net charge-offs (recoveries) to average loans \* | 0.10% | 0.02% | 0.08% | 0.07% | 0.05% |
| Allowance for credit losses to loans, before allowance for credit losses | 1.21 | 1.23 | 1.21 |  |  |
| Nonperforming loans to loans, before allowance for credit losses | 0.22 | 0.22 | 0.22 |  |  |
| Nonperforming assets to total assets | 0.17 | 0.17 | 0.16 |  |  |

---

____________________________________

\*Annualized measure.

(1)See "Reconciliation of Non-GAAP Financial Measures" below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.

(2)On a tax-equivalent basis assuming a federal income tax rate of 21% and a state tax rate of 9.5%.

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*HBT Financial, Inc.*

*Page 9*

**HBT Financial, Inc.**

**Unaudited Consolidated Financial Summary**

**Consolidated Statements of Income**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| *(dollars in thousands, except per share data)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** | **2025** | **2024** |
| **INTEREST AND DIVIDEND INCOME** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loans, including fees: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable | $52600 | $52818 | $52587 | $211943 | $210340 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federally tax exempt | 1250 | 1245 | 1199 | 4878 | 4523 |
| &nbsp;&nbsp;&nbsp;Debt securities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable | 8385 | 8320 | 6829 | 31075 | 25801 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federally tax exempt | 454 | 459 | 482 | 1839 | 2102 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits in bank | 1543 | 1350 | 1520 | 5502 | 8272 |
| &nbsp;&nbsp;&nbsp;Other interest and dividend income | 159 | 144 | 181 | 547 | 662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total interest and dividend income** | 64391 | 64336 | 62798 | 255784 | 251700 |
| **INTEREST EXPENSE** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 12920 | 12995 | 13672 | 51689 | 56047 |
| &nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase |  |  | 179 | 22 | 594 |
| &nbsp;&nbsp;&nbsp;Borrowings | 33 | 31 | 115 | 203 | 480 |
| &nbsp;&nbsp;&nbsp;Subordinated notes |  | 387 | 470 | 1326 | 1879 |
| &nbsp;&nbsp;&nbsp;Junior subordinated debentures issued to capital trusts | 895 | 937 | 961 | 3649 | 3850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total interest expense** | 13848 | 14350 | 15397 | 56889 | 62850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net interest income** | 50543 | 49986 | 47401 | 198895 | 188850 |
| **PROVISION FOR CREDIT LOSSES** | 1463 | 596 | 725 | 3161 | 3031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net interest income after provision for credit losses** | 49080 | 49390 | 46676 | 195734 | 185819 |
| **NONINTEREST INCOME** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Card income | 2708 | 2732 | 2797 | 10785 | 11051 |
| &nbsp;&nbsp;&nbsp;Wealth management fees | 3358 | 3122 | 3138 | 12147 | 10978 |
| &nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 2088 | 2093 | 2080 | 8040 | 7932 |
| &nbsp;&nbsp;&nbsp;Mortgage servicing | 1062 | 1019 | 1158 | 4113 | 4437 |
| &nbsp;&nbsp;&nbsp;Mortgage servicing rights fair value adjustment | (310) | (514) | 1331 | (1883) | (174) |
| &nbsp;&nbsp;&nbsp;Gains on sale of mortgage loans | 376 | 390 | 409 | 1477 | 1611 |
| &nbsp;&nbsp;&nbsp;Realized gains (losses) on sales of securities | (151) | (49) | (315) | (200) | (3697) |
| &nbsp;&nbsp;&nbsp;Unrealized gains (losses) on equity securities | 43 | (67) | (83) | 7 | (59) |
| &nbsp;&nbsp;&nbsp;Gains (losses) on foreclosed assets | (171) | 148 | 7 | 4 | 22 |
| &nbsp;&nbsp;&nbsp;Gains (losses) on other assets | 3 | (14) | 2 | (85) | (635) |
| &nbsp;&nbsp;&nbsp;Income on bank owned life insurance | 171 | 169 | 415 | 671 | 915 |
| &nbsp;&nbsp;&nbsp;Other noninterest income | 718 | 820 | 691 | 3114 | 3190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total noninterest income** | 9895 | 9849 | 11630 | 38190 | 35571 |
| **NONINTEREST EXPENSE** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries | 16486 | 16351 | 15784 | 66342 | 65130 |
| &nbsp;&nbsp;&nbsp;Employee benefits | 3359 | 3314 | 2649 | 13538 | 11311 |
| &nbsp;&nbsp;&nbsp;Occupancy of bank premises | 2791 | 2826 | 2773 | 10713 | 10293 |
| &nbsp;&nbsp;&nbsp;Furniture and equipment | 523 | 737 | 460 | 2280 | 2004 |
| &nbsp;&nbsp;&nbsp;Data processing | 3571 | 2791 | 2998 | 11766 | 11169 |
| &nbsp;&nbsp;&nbsp;Marketing and customer relations | 984 | 1035 | 948 | 4183 | 4320 |
| &nbsp;&nbsp;&nbsp;Amortization of intangible assets | 643 | 694 | 709 | 2726 | 2839 |
| &nbsp;&nbsp;&nbsp;Loss on extinguishment of debt |  | 391 |  | 391 |  |
| &nbsp;&nbsp;&nbsp;FDIC insurance | 560 | 561 | 557 | 2234 | 2254 |
| &nbsp;&nbsp;&nbsp;Loan collection and servicing | 339 | 264 | 653 | 1346 | 2056 |
| &nbsp;&nbsp;&nbsp;Foreclosed assets | 35 | 62 | 31 | 169 | 109 |
| &nbsp;&nbsp;&nbsp;Other noninterest expense | 3770 | 3482 | 3346 | 13730 | 12522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total noninterest expense** | 33061 | 32508 | 30908 | 129418 | 124007 |
| **INCOME BEFORE INCOME TAX EXPENSE** | 25914 | 26731 | 27398 | 104506 | 97383 |
| **INCOME TAX EXPENSE** | 6976 | 6966 | 7126 | 27498 | 25603 |
| **NET INCOME** | $18938 | $19765 | $20272 | $77008 | $71780 |
| **EARNINGS PER SHARE - BASIC** | $0.60 | $0.63 | $0.64 | $2.44 | $2.27 |
| **EARNINGS PER SHARE - DILUTED** | $0.60 | $0.63 | $0.64 | $2.44 | $2.26 |
| **WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING** | 31434409 | 31481135 | 31559366 | 31502351 | 31590117 |

---

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*HBT Financial, Inc.*

*Page 10*

**HBT Financial, Inc.**

**Unaudited Consolidated Financial Summary**

**Consolidated Balance Sheets**

---

| | | | |
|:---|:---|:---|:---|
| *(dollars in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** |
| **ASSETS** |  |  |  |
| &nbsp;&nbsp;Cash and due from banks | $24423 | $21767 | $29552 |
| &nbsp;&nbsp;Interest-bearing deposits with banks | 97846 | 133366 | 108140 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | 122269 | 155133 | 137692 |
| &nbsp;&nbsp;Debt securities available-for-sale, at fair value | 813101 | 793730 | 698049 |
| &nbsp;&nbsp;Debt securities held-to-maturity | 458746 | 466565 | 499858 |
| &nbsp;&nbsp;Equity securities with readily determinable fair value | 3322 | 3279 | 3315 |
| &nbsp;&nbsp;Equity securities with no readily determinable fair value | 2612 | 2609 | 2629 |
| &nbsp;&nbsp;Restricted stock, at cost | 4979 | 4979 | 5086 |
| &nbsp;&nbsp;Loans held for sale | 1263 | 1432 | 1586 |
| &nbsp;&nbsp;Loans, before allowance for credit losses | 3456209 | 3400029 | 3466146 |
| &nbsp;&nbsp;Allowance for credit losses | (41690) | (41900) | (42044) |
| &nbsp;&nbsp;Loans, net of allowance for credit losses | 3414519 | 3358129 | 3424102 |
| &nbsp;&nbsp;Bank owned life insurance | 24660 | 24489 | 23989 |
| &nbsp;&nbsp;Bank premises and equipment, net | 73642 | 69965 | 66758 |
| &nbsp;&nbsp;Bank premises held for sale |  |  | 317 |
| &nbsp;&nbsp;Foreclosed assets | 1126 | 1007 | 367 |
| &nbsp;&nbsp;Goodwill | 59820 | 59820 | 59820 |
| &nbsp;&nbsp;Intangible assets, net | 15117 | 15760 | 17843 |
| &nbsp;&nbsp;Mortgage servicing rights, at fair value | 16944 | 17254 | 18827 |
| &nbsp;&nbsp;Investments in unconsolidated subsidiaries | 1614 | 1614 | 1614 |
| &nbsp;&nbsp;Accrued interest receivable | 23779 | 23575 | 24770 |
| &nbsp;&nbsp;Other assets | 33877 | 35687 | 46280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $5071390 | $5035027 | $5032902 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |  |
| **Liabilities** |  |  |  |
| &nbsp;&nbsp;Deposits: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | $1049043 | $1034181 | $1046405 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing | 3310220 | 3313006 | 3271849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 4359263 | 4347187 | 4318254 |
| &nbsp;&nbsp;Securities sold under agreements to repurchase |  |  | 28969 |
| &nbsp;&nbsp;Federal Home Loan Bank advances | 12301 | 7271 | 13231 |
| &nbsp;&nbsp;Subordinated notes |  |  | 39553 |
| &nbsp;&nbsp;Junior subordinated debentures issued to capital trusts | 52909 | 52894 | 52849 |
| &nbsp;&nbsp;Other liabilities | 31419 | 28546 | 35441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities** | 4455892 | 4435898 | 4488297 |
| **Stockholders' Equity** |  |  |  |
| &nbsp;&nbsp;Common stock | 329 | 329 | 328 |
| &nbsp;&nbsp;Surplus | 298548 | 297992 | 297297 |
| &nbsp;&nbsp;Retained earnings | 367163 | 354864 | 316764 |
| &nbsp;&nbsp;Accumulated other comprehensive income (loss) | (23018) | (27119) | (46765) |
| &nbsp;&nbsp;Treasury stock at cost | (27524) | (26937) | (23019) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total stockholders' equity** | 615498 | 599129 | 544605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and stockholders' equity** | $5071390 | $5035027 | $5032902 |
| **SHARES OF COMMON STOCK OUTSTANDING** | 31431924 | 31455803 | 31559366 |

---

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*HBT Financial, Inc.*

*Page 11*

**HBT Financial, Inc.**

**Unaudited Consolidated Financial Summary**

---

| | | | |
|:---|:---|:---|:---|
| *(dollars in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** |
| **LOANS** |  |  |  |
| Commercial and industrial | $399760 | $395859 | $428389 |
| Commercial real estate - owner occupied | 320434 | 312192 | 322316 |
| Commercial real estate - non-owner occupied | 937094 | 931723 | 899565 |
| Construction and land development | 280254 | 269924 | 374657 |
| Multi-family | 544941 | 514801 | 431524 |
| One-to-four family residential | 445463 | 443215 | 463968 |
| Agricultural and farmland | 275251 | 280309 | 293375 |
| Municipal, consumer, and other | 253012 | 252006 | 252352 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total loans** | $3456209 | $3400029 | $3466146 |

---

---

| | | | |
|:---|:---|:---|:---|
| *(dollars in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** |
| **DEPOSITS** |  |  |  |
| Noninterest-bearing deposits | $1049043 | $1034181 | $1046405 |
| Interest-bearing deposits: |  |  |  |
| &nbsp;&nbsp;Interest-bearing demand | 1144416 | 1102815 | 1099061 |
| &nbsp;&nbsp;Money market | 839097 | 883327 | 820825 |
| &nbsp;&nbsp;Savings | 564220 | 562149 | 566533 |
| &nbsp;&nbsp;Time | 762487 | 764715 | 785430 |
| &nbsp;&nbsp;&nbsp;**Total interest-bearing deposits** | 3310220 | 3313006 | 3271849 |
| &nbsp;&nbsp;&nbsp;**Total deposits** | $4359263 | $4347187 | $4318254 |

---

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*HBT Financial, Inc.*

*Page 12*

**HBT Financial, Inc.**

**Unaudited Consolidated Financial Summary**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| *(dollars in thousands)* | **Average Balance** | **Interest** | **Yield/Cost \*** | **Average Balance** | **Interest** | **Yield/Cost \*** | **Average Balance** | **Interest** | **Yield/Cost \*** |
| **ASSETS** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loans | $3432308 | $53850 | 6.22% | $3379637 | $54063 | 6.35% | $3387541 | $53786 | 6.32% |
| &nbsp;&nbsp;&nbsp;Debt securities | 1249183 | 8839 | 2.81 | 1265683 | 8779 | 2.75 | 1208404 | 7311 | 2.41 |
| &nbsp;&nbsp;&nbsp;Deposits with banks | 177348 | 1543 | 3.45 | 142659 | 1350 | 3.75 | 149691 | 1520 | 4.04 |
| &nbsp;&nbsp;&nbsp;Other | 12481 | 159 | 5.05 | 12540 | 144 | 4.51 | 12698 | 181 | 5.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 4871320 | $64391 | 5.24% | 4800519 | $64336 | 5.32% | 4758334 | $62798 | 5.25% |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses | (41994) |  |  | (41711) |  |  | (40942) |  |  |
| &nbsp;&nbsp;&nbsp;Noninterest-earning assets | 269949 |  |  | 268353 |  |  | 277074 |  |  |
| &nbsp;&nbsp;&nbsp;**Total assets** | $5099275 |  |  | $5027161 |  |  | $4994466 |  |  |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |  |  |  |  |  |  |  |
| **Liabilities** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand | $1129642 | $1800 | 0.63% | $1113391 | $1676 | 0.60% | $1088082 | $1351 | 0.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market | 866762 | 4614 | 2.11 | 833812 | 4638 | 2.21 | 787768 | 4444 | 2.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings | 561755 | 397 | 0.28 | 568001 | 399 | 0.28 | 562833 | 389 | 0.27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time | 765792 | 6109 | 3.16 | 771360 | 6282 | 3.23 | 796494 | 7439 | 3.72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brokered |  |  |  |  |  |  | 3261 | 49 | 5.96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 3323951 | 12920 | 1.54 | 3286564 | 12995 | 1.57 | 3238438 | 13672 | 1.68 |
| &nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase |  |  |  | 6 |  |  | 31624 | 179 | 2.26 |
| &nbsp;&nbsp;&nbsp;Borrowings | 7819 | 33 | 1.68 | 7256 | 31 | 1.68 | 13370 | 115 | 3.42 |
| &nbsp;&nbsp;&nbsp;Subordinated notes |  |  |  | 32714 | 387 | 4.69 | 39543 | 470 | 4.73 |
| &nbsp;&nbsp;&nbsp;Junior subordinated debentures issued to capital trusts | 52902 | 895 | 6.70 | 52887 | 937 | 7.04 | 52841 | 961 | 7.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 3384672 | $13848 | 1.62% | 3379427 | $14350 | 1.68% | 3375816 | $15397 | 1.81% |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | 1076899 |  |  | 1028608 |  |  | 1041471 |  |  |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing liabilities | 28882 |  |  | 30050 |  |  | 35644 |  |  |
| &nbsp;&nbsp;&nbsp;**Total liabilities** | 4490453 |  |  | 4438085 |  |  | 4452931 |  |  |
| **Stockholders' Equity** | 608822 |  |  | 589076 |  |  | 541535 |  |  |
| &nbsp;&nbsp;&nbsp;**Total liabilities and stockholders' equity** | $5099275 |  |  | $5027161 |  |  | $4994466 |  |  |
| Net interest income/Net interest margin <sup>(1)</sup> |  | $50543 | 4.12% |  | $49986 | 4.13% |  | $47401 | 3.96% |
| Tax-equivalent adjustment <sup>(2)</sup> |  | 558 | 0.04 |  | 552 | 0.05 |  | 562 | 0.05 |
| Net interest income (tax-equivalent basis)/<br>Net interest margin (tax-equivalent basis) <sup>(2) (3)</sup> |  | $51101 | 4.16% |  | $50538 | 4.18% |  | $47963 | 4.01% |
| Net interest rate spread <sup>(4)</sup> |  |  | 3.62% |  |  | 3.64% |  |  | 3.44% |
| Net interest-earning assets <sup>(5)</sup> | $1486648 |  |  | $1421092 |  |  | $1382518 |  |  |
| Ratio of interest-earning assets to interest-bearing liabilities | 1.44 |  |  | 1.42 |  |  | 1.41 |  |  |
| Cost of total deposits |  |  | 1.16% |  |  | 1.19% |  |  | 1.27% |
| Cost of funds |  |  | 1.23 |  |  | 1.29 |  |  | 1.39 |

---

____________________________________

\*Annualized measure.

(1)Net interest margin represents net interest income divided by average total interest-earning assets.

(2)On a tax-equivalent basis assuming a federal income tax rate of 21% and a state income tax rate of 9.5%.

(3)See "Reconciliation of Non-GAAP Financial Measures" below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.

(4)Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities.

(5)Net interest-earning assets represents total interest-earning assets less total interest-bearing liabilities.

------

*HBT Financial, Inc.*

*Page 13*

**HBT Financial, Inc.**

**Unaudited Consolidated Financial Summary**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** |
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| *(dollars in thousands)* | **Average Balance** | **Interest** | **Yield/Cost** | **Average Balance** | **Interest** | **Yield/Cost** |
| **ASSETS** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Loans | $3422412 | $216821 | 6.34% | $3378059 | $214863 | 6.36% |
| &nbsp;&nbsp;&nbsp;Debt securities | 1234378 | 32914 | 2.67 | 1200444 | 27903 | 2.32 |
| &nbsp;&nbsp;&nbsp;Deposits with banks | 150323 | 5502 | 3.66 | 178436 | 8272 | 4.64 |
| &nbsp;&nbsp;&nbsp;Other | 12554 | 547 | 4.36 | 12732 | 662 | 5.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 4819667 | $255784 | 5.31% | 4769671 | $251700 | 5.28% |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses | (41970) |  |  | (40694) |  |  |
| &nbsp;&nbsp;&nbsp;Noninterest-earning assets | 270852 |  |  | 279106 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $5048549 |  |  | $5008083 |  |  |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |  |  |  |  |
| **Liabilities** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand | $1122357 | $6498 | 0.58% | $1106136 | $5499 | 0.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market | 830630 | 18112 | 2.18 | 797444 | 18637 | 2.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings | 567092 | 1540 | 0.27 | 584769 | 1621 | 0.28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time | 775385 | 25539 | 3.29 | 757456 | 28183 | 3.72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brokered |  |  |  | 38286 | 2107 | 5.50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 3295464 | 51689 | 1.57 | 3284091 | 56047 | 1.71 |
| &nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase | 2514 | 22 | 0.89 | 30984 | 594 | 1.92 |
| &nbsp;&nbsp;&nbsp;Borrowings | 8780 | 203 | 2.31 | 13383 | 480 | 3.59 |
| &nbsp;&nbsp;&nbsp;Subordinated notes | 27869 | 1326 | 4.76 | 39514 | 1879 | 4.75 |
| &nbsp;&nbsp;&nbsp;Junior subordinated debentures issued to capital trusts | 52879 | 3649 | 6.90 | 52819 | 3850 | 7.29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 3387506 | $56889 | 1.68% | 3420791 | $62850 | 1.84% |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | 1048975 |  |  | 1033811 |  |  |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing liabilities | 30619 |  |  | 38113 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities** | 4467100 |  |  | 4492715 |  |  |
| **Stockholders' Equity** | 581449 |  |  | 515368 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and stockholders' equity** | $5048549 |  |  | 5008083 |  |  |
| Net interest income/Net interest margin <sup>(1)</sup> |  | $198895 | 4.13% |  | $188850 | 3.96% |
| Tax-equivalent adjustment <sup>(2)</sup> |  | 2203 | 0.04 |  | 2242 | 0.05 |
| Net interest income (tax-equivalent basis)/<br>Net interest margin (tax-equivalent basis) <sup>(2) (3)</sup> |  | $201098 | 4.17% |  | $191092 | 4.01% |
| Net interest rate spread <sup>(4)</sup> |  |  | 3.63% |  |  | 3.44% |
| Net interest-earning assets <sup>(5)</sup> | $1432161 |  |  | $1348880 |  |  |
| Ratio of interest-earning assets to interest-bearing liabilities | 1.42 |  |  | 1.39 |  |  |
| Cost of total deposits |  |  | 1.19% |  |  | 1.30% |
| Cost of funds |  |  | 1.28 |  |  | 1.41 |

---

____________________________________

(1)Net interest margin represents net interest income divided by average total interest-earning assets.

(2)On a tax-equivalent basis assuming a federal income tax rate of 21% and a state income tax rate of 9.5%.

(3)See "Reconciliation of Non-GAAP Financial Measures" below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.

(4)Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities.

(5)Net interest-earning assets represents total interest-earning assets less total interest-bearing liabilities.

------

*HBT Financial, Inc.*

*Page 14*

**HBT Financial, Inc.**

**Unaudited Consolidated Financial Summary**

---

| | | | |
|:---|:---|:---|:---|
| *(dollars in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** |
| **NONPERFORMING ASSETS** |  |  |  |
| Nonaccrual | $7556 | $7637 | $7652 |
| Past due 90 days or more, still accruing |  | 5 | 4 |
| **Total nonperforming loans** | 7556 | 7642 | 7656 |
| Foreclosed assets | 1126 | 1007 | 367 |
| **Total nonperforming assets** | $8682 | $8649 | $8023 |
| Nonperforming loans that are wholly or partially guaranteed by the U.S. Government | $2170 | $1760 | $1573 |
| Allowance for credit losses | $41690 | $41900 | $42044 |
| Loans, before allowance for credit losses | 3456209 | 3400029 | 3466146 |
| **CREDIT QUALITY RATIOS** |  |  |  |
| Allowance for credit losses to loans, before allowance for credit losses | 1.21% | 1.23% | 1.21% |
| Allowance for credit losses to nonaccrual loans | 551.75 | 548.64 | 549.45 |
| Allowance for credit losses to nonperforming loans | 551.75 | 548.29 | 549.16 |
| Nonaccrual loans to loans, before allowance for credit losses | 0.22 | 0.22 | 0.22 |
| Nonperforming loans to loans, before allowance for credit losses | 0.22 | 0.22 | 0.22 |
| Nonperforming assets to total assets | 0.17 | 0.17 | 0.16 |
| Nonperforming assets to loans, before allowance for credit losses, and foreclosed assets | 0.25 | 0.25 | 0.23 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| *(dollars in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** | **2025** | **2024** |
| **ALLOWANCE FOR CREDIT LOSSES** |  |  |  |  |  |
| Beginning balance | $41900 | $41659 | $40966 | $42044 | $40048 |
| Provision for credit losses | 638 | 375 | 1771 | 2104 | 3754 |
| Charge-offs | (1221) | (723) | (1086) | (3861) | (3284) |
| Recoveries | 373 | 589 | 393 | 1403 | 1526 |
| **Ending balance** | $41690 | $41900 | $42044 | $41690 | $42044 |
| Net charge-offs | $848 | $134 | $693 | $2458 | $1758 |
| Average loans | 3432308 | 3379637 | 3387541 | 3422412 | 3378059 |
| Net charge-offs to average loans \* | 0.10% | 0.02% | 0.08% | 0.07% | 0.05% |

---

____________________________________

\*Annualized measure.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| *(dollars in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** | **2025** | **2024** |
| **PROVISION FOR CREDIT LOSSES** |  |  |  |  |  |
| Loans | $638 | $375 | $1771 | $2104 | $3754 |
| Unfunded lending-related commitments | 825 | 221 | (1046) | 1057 | (723) |
| &nbsp;&nbsp;**Total provision for credit losses** | $1463 | $596 | $725 | $3161 | $3031 |

---

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*HBT Financial, Inc.*

*Page 15*

**Reconciliation of Non-GAAP Financial Measures –**

**Adjusted Net Income and Adjusted Return on Average Assets**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| *(dollars in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** | **2025** | **2024** |
| Net income | $18938 | $19765 | $20272 | $77008 | $71780 |
| Less: adjustments |  |  |  |  |  |
| &nbsp;&nbsp;Acquisition expenses | (999) |  |  | (999) |  |
| &nbsp;&nbsp;Loss on extinguishment of debt |  | (391) |  | (391) |  |
| &nbsp;&nbsp;Gains (losses) on closed branch premises |  | (7) |  | 2 | (635) |
| &nbsp;&nbsp;Realized gains (losses) on sales of securities | (151) | (49) | (315) | (200) | (3697) |
| &nbsp;&nbsp;Mortgage servicing rights fair value adjustment | (310) | (514) | 1331 | (1883) | (174) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total adjustments | (1460) | (961) | 1016 | (3471) | (4506) |
| &nbsp;&nbsp;&nbsp;Tax effect of adjustments <sup>(1)</sup> | 259 | 274 | (290) | 832 | 1284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total adjustments after tax effect | (1201) | (687) | 726 | (2639) | (3222) |
| &nbsp;&nbsp;**Adjusted net income** | $20139 | $20452 | $19546 | $79647 | $75002 |
| Average assets | $5099275 | $5027161 | $4994466 | $5048549 | $5008083 |
| Return on average assets \* | 1.47% | 1.56% | 1.61% | 1.53% | 1.43% |
| Adjusted return on average assets \* | 1.57 | 1.61 | 1.56 | 1.58 | 1.50 |

---

____________________________________

\*Annualized measure.

(1)Assumes a federal income tax rate of 21% and a state tax rate of 9.5%, and excludes non-deductible acquisition expenses.

**Reconciliation of Non-GAAP Financial Measures –** 

**Adjusted Earnings Per Share — Basic and Diluted**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| *(dollars in thousands, except per share amounts)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** | **2025** | **2024** |
| **Numerator:** |  |  |  |  |  |
| &nbsp;&nbsp;Net income | $18938 | $19765 | $20272 | $77008 | $71780 |
| &nbsp;&nbsp;Adjusted net income | $20139 | $20452 | $19546 | $79647 | $75002 |
| **Denominator:** |  |  |  |  |  |
| &nbsp;&nbsp;Weighted average common shares outstanding | 31434409 | 31481135 | 31559366 | 31502351 | 31590117 |
| &nbsp;&nbsp;Dilutive effect of outstanding restricted stock units | 124596 | 106800 | 143498 | 108953 | 122363 |
| &nbsp;&nbsp;Weighted average common shares outstanding, including all dilutive potential shares | 31559005 | 31587935 | 31702864 | 31611304 | 31712480 |
| **Earnings per share - basic** | $0.60 | $0.63 | $0.64 | $2.44 | $2.27 |
| **Earnings per share - diluted** | $0.60 | $0.63 | $0.64 | $2.44 | $2.26 |
| **Adjusted earnings per share - basic** | $0.64 | $0.65 | $0.62 | $2.53 | $2.37 |
| **Adjusted earnings per share - diluted** | $0.64 | $0.65 | $0.62 | $2.52 | $2.37 |

---

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*HBT Financial, Inc.*

*Page 16*

**Reconciliation of Non-GAAP Financial Measures –** 

**Pre-Provision Net Revenue, Pre-Provision Net Revenue Less Net Charge-offs (Recoveries),** 

**Adjusted Pre-Provision Net Revenue, and Adjusted Pre-Provision Net Revenue Less Net Charge-offs (Recoveries)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| *(dollars in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** | **2025** | **2024** |
| Net interest income | $50543 | $49986 | $47401 | $198895 | $188850 |
| Noninterest income | 9895 | 9849 | 11630 | 38190 | 35571 |
| Noninterest expense | (33061) | (32508) | (30908) | (129418) | (124007) |
| &nbsp;&nbsp;**Pre-provision net revenue** | 27377 | 27327 | 28123 | 107667 | 100414 |
| Less: adjustments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Acquisition expenses | (999) |  |  | (999) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on extinguishment of debt |  | (391) |  | (391) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gains (losses) on closed branch premises |  | (7) |  | 2 | (635) |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gains (losses) on sales of securities | (151) | (49) | (315) | (200) | (3697) |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage servicing rights fair value adjustment | (310) | (514) | 1331 | (1883) | (174) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total adjustments | (1460) | (961) | 1016 | (3471) | (4506) |
| &nbsp;&nbsp;**Adjusted pre-provision net revenue** | $28837 | $28288 | $27107 | $111138 | $104920 |
| Pre-provision net revenue | $27377 | $27327 | $28123 | $107667 | $100414 |
| Less: net charge-offs | 848 | 134 | 693 | 2458 | 1758 |
| &nbsp;&nbsp;**Pre-provision net revenue less net charge-offs** | $26529 | $27193 | $27430 | $105209 | $98656 |
| Adjusted pre-provision net revenue | $28837 | $28288 | $27107 | $111138 | $104920 |
| Less: net charge-offs | 848 | 134 | 693 | 2458 | 1758 |
| &nbsp;&nbsp;**Adjusted pre-provision net revenue less net charge-offs** | $27989 | $28154 | $26414 | $108680 | $103162 |

---

**Reconciliation of Non-GAAP Financial Measures –** 

**Net Interest Income (Tax-equivalent Basis) and Net Interest Margin (Tax-equivalent Basis)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| *(dollars in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** | **2025** | **2024** |
| **Net interest income (tax-equivalent basis)** |  |  |  |  |  |
| &nbsp;&nbsp;Net interest income | $50543 | $49986 | $47401 | $198895 | $188850 |
| &nbsp;&nbsp;Tax-equivalent adjustment <sup>(1)</sup> | 558 | 552 | 562 | 2203 | 2242 |
| &nbsp;&nbsp;Net interest income (tax-equivalent basis) <sup>(1)</sup> | $51101 | $50538 | $47963 | $201098 | $191092 |
| **Net interest margin (tax-equivalent basis)** |  |  |  |  |  |
| &nbsp;&nbsp;Net interest margin \* | 4.12% | 4.13% | 3.96% | 4.13% | 3.96% |
| &nbsp;&nbsp;Tax-equivalent adjustment \* <sup>(1)</sup> | 0.04 | 0.05 | 0.05 | 0.04 | 0.05 |
| &nbsp;&nbsp;Net interest margin (tax-equivalent basis) \* <sup>(1)</sup> | 4.16% | 4.18% | 4.01% | 4.17% | 4.01% |
| Average interest-earning assets | $4871320 | $4800519 | $4758334 | $4819667 | $4769671 |

---

____________________________________

\*Annualized measure.

(1)On a tax-equivalent basis assuming a federal income tax rate of 21% and a state tax rate of 9.5%.

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*HBT Financial, Inc.*

*Page 17*

**Reconciliation of Non-GAAP Financial Measures –** 

**Efficiency Ratio (Tax-equivalent Basis) and Adjusted Efficiency Ratio (Tax-equivalent Basis)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| *(dollars in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** | **2025** | **2024** |
| Total noninterest expense | $33061 | $32508 | $30908 | $129418 | $124007 |
| Less: amortization of intangible assets | 643 | 694 | 709 | 2726 | 2839 |
| &nbsp;&nbsp;**Noninterest expense excluding amortization of intangible assets** | 32418 | 31814 | 30199 | 126692 | 121168 |
| Less: adjustments to noninterest expense |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Acquisition expenses | 999 |  |  | 999 |  |
| &nbsp;&nbsp;&nbsp;Loss on extinguishment of debt |  | 391 |  | 391 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total adjustments to noninterest expense | 999 | 391 |  | 1390 |  |
| &nbsp;&nbsp;**Adjusted noninterest expense** | $31419 | $31423 | $30199 | $125302 | $121168 |
| Net interest income | $50543 | $49986 | $47401 | $198895 | $188850 |
| Total noninterest income | 9895 | 9849 | 11630 | 38190 | 35571 |
| &nbsp;&nbsp;**Operating revenue** | 60438 | 59835 | 59031 | 237085 | 224421 |
| Tax-equivalent adjustment <sup>(1)</sup> | 558 | 552 | 562 | 2203 | 2242 |
| &nbsp;&nbsp;**Operating revenue (tax-equivalent basis)** <sup>(1)</sup> | 60996 | 60387 | 59593 | 239288 | 226663 |
| Less: adjustments to noninterest income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Gains (losses) on closed branch premises |  | (7) |  | 2 | (635) |
| &nbsp;&nbsp;&nbsp;Realized gains (losses) on sales of securities | (151) | (49) | (315) | (200) | (3697) |
| &nbsp;&nbsp;&nbsp;Mortgage servicing rights fair value adjustment | (310) | (514) | 1331 | (1883) | (174) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total adjustments to noninterest income | (461) | (570) | 1016 | (2081) | (4506) |
| &nbsp;&nbsp;**Adjusted operating revenue (tax-equivalent basis)** <sup>(1)</sup> | $61457 | $60957 | $58577 | $241369 | $231169 |
| Efficiency ratio | 53.64% | 53.17% | 51.16% | 53.44% | 53.99% |
| Efficiency ratio (tax-equivalent basis) <sup>(1)</sup> | 53.15 | 52.68 | 50.68 | 52.95 | 53.46 |
| Adjusted efficiency ratio (tax-equivalent basis) <sup>(1)</sup> | 51.12 | 51.55 | 51.55 | 51.91 | 52.42 |

---

____________________________________

(1)On a tax-equivalent basis assuming a federal income tax rate of 21% and a state tax rate of 9.5%.

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*HBT Financial, Inc.*

*Page 18*

**Reconciliation of Non-GAAP Financial Measures –** 

**Ratio of Tangible Common Equity to Tangible Assets and Tangible Book Value Per Share**

---

| | | | |
|:---|:---|:---|:---|
| *(dollars in thousands, except per share data)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** |
| **Tangible Common Equity** |  |  |  |
| &nbsp;&nbsp;Total stockholders' equity | $615498 | $599129 | $544605 |
| &nbsp;&nbsp;Less: Goodwill | 59820 | 59820 | 59820 |
| &nbsp;&nbsp;Less: Intangible assets, net | 15117 | 15760 | 17843 |
| &nbsp;&nbsp;&nbsp;**Tangible common equity** | $540561 | $523549 | $466942 |
| **Tangible Assets** |  |  |  |
| &nbsp;&nbsp;Total assets | $5071390 | $5035027 | $5032902 |
| &nbsp;&nbsp;Less: Goodwill | 59820 | 59820 | 59820 |
| &nbsp;&nbsp;Less: Intangible assets, net | 15117 | 15760 | 17843 |
| &nbsp;&nbsp;&nbsp;**Tangible assets** | $4996453 | $4959447 | $4955239 |
| Total stockholders' equity to total assets | 12.14% | 11.90% | 10.82% |
| Tangible common equity to tangible assets | 10.82 | 10.56 | 9.42 |
| Shares of common stock outstanding | 31431924 | 31455803 | 31559366 |
| Book value per share | $19.58 | $19.05 | $17.26 |
| Tangible book value per share | 17.20 | 16.64 | 14.80 |

---

**Reconciliation of Non-GAAP Financial Measures –** 

**Return on Average Tangible Common Equity,** 

**Adjusted Return on Average Stockholders' Equity and Adjusted Return on Average Tangible Common Equity**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| *(dollars in thousands)* | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** | **2025** | **2024** |
| **Average Tangible Common Equity** |  |  |  |  |  |
| &nbsp;&nbsp;Total stockholders' equity | $608822 | $589076 | $541535 | $581449 | $515368 |
| &nbsp;&nbsp;Less: Goodwill | 59820 | 59820 | 59820 | 59820 | 59820 |
| &nbsp;&nbsp;Less: Intangible assets, net | 15419 | 16095 | 18170 | 16437 | 19247 |
| &nbsp;&nbsp;&nbsp;**Average tangible common equity** | $533583 | $513161 | $463545 | $505192 | $436301 |
| Net income | $18938 | $19765 | $20272 | $77008 | $71780 |
| Adjusted net income | 20139 | 20452 | 19546 | 79647 | 75002 |
| Return on average stockholders' equity \* | 12.34% | 13.31% | 14.89% | 13.24% | 13.93% |
| Return on average tangible common equity \* | 14.08 | 15.28 | 17.40 | 15.24 | 16.45 |
| Adjusted return on average stockholders' equity \* | 13.12% | 13.77% | 14.36% | 13.70% | 14.55% |
| Adjusted return on average tangible common equity \* | 14.97 | 15.81 | 16.77 | 15.77 | 17.19 |

---

____________________________________

\*Annualized measure.

## Exhibit 99.2

![](hbt-20251231ex992001.jpg)

Q4 2025 Results Presentation January 26, 2026

------

![](hbt-20251231ex992002.jpg)

1 Forward-Looking Statements Readers should note that in addition to the historical information contained herein, this presentation contains, and future oral and written statements of the Company and its management may contain, "forward-looking statements" within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "will," "propose," "may," "plan," "seek," "expect," "intend," "estimate," "anticipate," "believe," "continue," or "should," or similar terminology. Any forward-looking statements presented herein are made only as of the date of this presentation, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to: (i) the strength of the local, state, national and international economies and financial markets (including effects of inflationary pressures and supply chain constraints); (ii) effects on the U.S. economy resulting from the threat or implementation of, or changes to, existing policies and executive orders including tariffs, immigration policy, regulatory or other governmental agencies, foreign policy and tax regulations; (iii) the economic impact of any future terrorist threats and attacks, widespread disease or pandemics, acts of war or other threats thereof (including the Russian invasion of Ukraine, conflicts in the Middle East and recent military activity in Venezuela), or other adverse events that could cause economic deterioration or instability in credit markets, and the response of the local, state and national governments to any such adverse external events; (iv) new and revised accounting policies and practices, as may be adopted by state and federal regulatory banking agencies, the Financial Accounting Standards Board or the Public Company Accounting Oversight Board; (v) changes in local, state and federal laws, regulations and governmental policies concerning the Company's general business and any changes in response to bank failures; (vi) the imposition of tariffs or other governmental policies impacting the value of products produced by the Company's commercial borrowers; (vii) changes in interest rates and prepayment rates of the Company's assets; (viii) increased competition in the financial services sector, including from non-bank competitors such as credit unions and fintech companies, and the inability to attract new customers; (ix) technological changes implemented by us and other parties, including our third-party vendors, which may have unforeseen consequences to us and our customers, including the development and implementation of tools incorporating artificial intelligence; (x) unexpected results of acquisitions, which may include failure to realize the anticipated benefits of acquisitions and the possibility that transaction costs may be greater than anticipated; (xi) the loss of key executives and employees, talent shortages and employee turnover; (xii) changes in consumer spending; (xiii) unexpected outcomes or costs of existing or new litigation or other legal proceedings and regulatory actions involving the Company; (xiv) the economic impact on the Company and its customers of climate change, natural disasters and of exceptional weather occurrences such as tornadoes, floods and blizzards; (xv) fluctuations in the value of securities held in our securities portfolio, including as a result of changes in interest rates; (xvi) credit risks and risks from concentrations (by type of borrower, geographic area, collateral and industry) within our loan portfolio (including commercial real estate loans) and large loans to certain borrowers; (xvii) the overall health of the local and national real estate market; (xviii) the ability to maintain an adequate level of allowance for credit losses on loans; (xix) the concentration of large deposits from certain clients who have balances above current FDIC insurance limits and who may withdraw deposits to diversify their exposure; (xx) the ability to successfully manage liquidity risk, which may increase dependence on non-core funding sources such as brokered deposits, and may negatively impact the Company's cost of funds; (xxi) the level of nonperforming assets on our balance sheet; (xxii) interruptions involving our information technology and communications systems or third-party servicers; (xxiii) the occurrence of fraudulent activity, breaches or failures of our third-party vendors' information security controls or cybersecurity-related incidents, including as a result of sophisticated attacks using artificial intelligence and similar tools or as a result of insider fraud; (xxiv) the effectiveness of the Company's risk management framework; (xxv) the possibility that stockholders of CNB Bank Shares, Inc. ("CNB") may not approve the merger agreement; (xxvi) the risk that a condition to closing of the proposed transaction with CNB may not be satisfied, that either party may terminate the merger agreement or that the closing of the proposed transaction with CNB might be delayed or not occur at all; (xxvii) potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the proposed transaction with CNB; (xxviii) the diversion of management time on transaction-related issues; (xxix) the ultimate timing, outcome and results of integrating the operations of CNB into those of HBT; (xxx) the effects of the merger with CNB in HBT's future financial condition, results of operations, strategy and plans, (xxxi) regulatory approvals of the transaction, and (xxxii) the ability of the Company to manage the risks associated with the foregoing as well as anticipated. Readers should note that the forward-looking statements included in this presentation are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward- looking statements. Additional information concerning the Company and its business, including additional factors that could materially affect the Company's financial results, is included in the Company's filings with the Securities and Exchange Commission.

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2 Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures. While the Company believes these are useful measures for investors, they are not presented in accordance with GAAP. You should not consider non- GAAP measures in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Because not all companies use identical calculations, the presentation herein of non-GAAP financial measures may not be comparable to other similarly titled measures of other companies. Tax-equivalent adjustments assume a federal tax rate of 21% and state tax rate of 9.5%. For a reconciliation of the non-GAAP measures we use to the most closely comparable GAAP measures, see the Appendix to this presentation. Important Information and Where to Find It In connection with the proposed transaction, HBT has filed materials with the SEC, including a Registration Statement on Form S-4 of HBT that includes a proxy statement of CNB and a prospectus of HBT. The Registration Statement has been declared effective by the SEC, and on or about December 19, 2025, HBT and CNB mailed a definitive proxy statement/prospectus to the shareholders of CNB in connection with its special meeting of shareholders to be held on January 26, 2026. This news release is not a substitute for the proxy statement/prospectus or the Registration Statement or for any other document that HBT has filed or may file with the SEC and send to CNB's shareholders in connection with the proposed transaction. CNB'S SHAREHOLDERS ARE URGED TO CAREFULLY AND THOROUGHLY READ THE PROXY STATEMENT/PROSPECTUS AND THE REGISTRATION STATEMENT, AS MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, AND OTHER RELEVANT DOCUMENTS FILED BY HBT OR CNB WITH THE SEC, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT HBT, CNB, THE PROPOSED TRANSACTION, THE RISKS RELATED THERETO AND RELATED MATTERS. Investors are able to obtain free copies of the Registration Statement and proxy statement/prospectus, as each may be amended from time to time, and other relevant documents filed by HBT with the SEC through the website maintained by the SEC at www.sec.gov. Copies of documents filed with the SEC by HBT will be available free of charge from HBT's website at https:// ir.hbtfinancial.com or by contacting HBT's Investor Relations Department at HBTIR@hbtbank.com. Participants in the Proxy Solicitation HBT, CNB and their respective directors and certain of their executive officers and other members of management and employees may be deemed, under SEC rules, to be participants in the solicitation of proxies from CNB's shareholders in connection with the proposed transaction. Information regarding the executive officers and directors of HBT is included in its definitive proxy statement for its 2025 annual meeting filed with the SEC on April 9, 2025. Information regarding the executive officers and directors of CNB and additional information regarding the persons who may be deemed participants and their direct and indirect interests, by security holdings or otherwise, is set forth in the Registration Statement and proxy statement/prospectus filed with the SEC in connection with the proposed transaction. Free copies of these documents may be obtained as described in the paragraphs above. No Offer or Solicitation This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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3 Exceptional asset quality Strong profitability and tangible book value growth Resilient net interest margin supported by low cost deposit base n Nonperforming assets represented only 0.17% of total assets at December 31, 2025, compared to 0.17% at September 30, 2025 n Net charge-offs represented only 0.10% of average loans on an annualized basis during Q4 2025, or 0.07% for the year ended December 31, 2025, compared to 0.02% of average loans on an annualized basis during Q3 2025 n Net income of $18.9 million, or $0.60 per diluted share; return on average assets (ROAA) of 1.47% and return on average tangible common equity (ROATCE)1 of 14.08% n Adjusted net income1 of $20.1 million, or $0.64 per diluted share; adjusted ROAA1 of 1.57% and adjusted ROATCE1 of 14.97% n Tangible book value per share1 increased 3.4% from September 30, 2025 and 16.2% from December 31, 2024 n Resilient net interest margin of 4.12% and a net interest margin (tax-equivalent basis)1 of 4.16%, down only 1 and 2 basis points, respectively, compared to Q3 2025 n Cost of funds decreased 6 basis points to 1.23% and total cost of deposits decreased 3 basis points to 1.16% n Total deposits increased $12.1 million, or an increase of $62.1 million when excluding the $50.0 million of wealth management customer money market deposits that were moved off-balance sheet during Q4 2025 Q4 2025 Highlights Note: Financial data as of and for the three months ended December 31, 2025 unless otherwise indicated; 1 See "Non-GAAP reconciliations" in the Appendix for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.

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4 Company Snapshot Overview ü Company incorporated in 1982 from a base of family-owned banks and completed its IPO in October 2019 ü Headquartered in Bloomington, Illinois, with operations throughout Illinois and eastern Iowa ü Strong, granular, and low-cost deposit franchise with 1.16%\* cost of deposits and 95.4% core deposits1 ü Conservative credit culture, with net charge-offs to average loans of 0.05% and 0.07% for the year ended December 31, 2024 and 2025, respectively ü High profitability sustained through economic cycles Loan Composition Deposit Composition Noninterest- bearing demand: 24% Interest- bearing demand: 26% Money market: 19% Savings: 13% Time: 18%C&I: 12% CRE–Owner occupied: 9% CRE–Non- owner occupied: 27% C&D: 8% Multi-family: 16% 1-4 Family residential: 13% Agricultural & farmland: 8% Municipal, consumer & other: 7% Commercial Real Estate Note: Financial data as of and for the three months ended December 31, 2025 unless otherwise indicated; \* Annualized measure; FTE: Fully tax equivalent; 1 Non-GAAP financial measure. See "Non-GAAP Reconciliations" in the Appendix for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures. Commercial Financial Highlights ($mm) 2022 2023 2024 2025As of or for the year ended B al an ce S he et Total assets $4,287 $5,073 $5,033 $5,071 Total loans 2,620 3,404 3,466 3,456 Total deposits 3,587 4,401 4,318 4,359 Core deposits (%)1 99.2 % 93.8 % 95.3 % 95.4 % Loans-to-deposits 73.0 % 77.3 % 80.3 % 79.3 % CET1 (%) 13.1 % 12.1 % 13.2 % 14.4 % TCE / TA1 8.1 % 8.2 % 9.4 % 10.8 % K ey P er fo rm an ce In di ca to rs Adjusted ROAA1 1.31 % 1.59 % 1.50 % 1.58 % Adjusted ROATCE1 15.8 % 20.9 % 17.2 % 15.8 % NIM (FTE)1 3.60 % 4.15 % 4.01 % 4.17 % Yield on loans 4.91 % 6.04 % 6.36 % 6.34 % Cost of deposits 0.07 % 0.60 % 1.30 % 1.19 % Cost of funds 0.19 % 0.86 % 1.41 % 1.28 % Efficiency ratio (FTE)1 56.9 % 55.8 % 53.5 % 52.9 % C re di t NCOs / loans (0.08) % 0.01 % 0.05 % 0.07 % ACL / loans 0.97 % 1.18 % 1.21 % 1.21 % NPLs / loans 0.08 % 0.23 % 0.22 % 0.22 % NPAs / assets 0.12 % 0.17 % 0.16 % 0.17 %

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5 4.13% (0.06)% (0.03)% 0.01% 0.03% 0.04% 4.12% 3Q25 Loans Loan Fees Nonaccrual Interest Recoveries Deposit Costs Other Funding Costs 4Q25 Earnings Overview Prior Quarter Current Quarter ($000) 3Q25 Non-GAAP Adj.1 Adjusted 3Q251 4Q25 Non-GAAP Adj.1 Adjusted 4Q251 Interest and dividend income $64,336 $— $64,336 $64,391 $— $64,391 Interest expense 14,350 — 14,350 13,848 — 13,848 Net interest income 49,986 — 49,986 50,543 — 50,543 Provision for credit losses 596 — 596 1,463 — 1,463 Net interest income after provision for credit losses 49,390 — 49,390 49,080 — 49,080 Noninterest income 9,849 570 10,419 9,895 461 10,356 Noninterest expense 32,508 (391) 32,117 33,061 (999) 32,062 Income before income tax expense 26,731 961 27,692 25,914 1,460 27,374 Income tax expense 6,966 274 7,240 6,976 259 7,235 Net income $19,765 $687 $20,452 $18,938 $1,201 $20,139 Highlights Relative to Previous Quarter 2 n Net interest income increased $0.6 million from the third quarter of 2025 with a decrease in funding costs and higher average interest- earning asset balances partially offset by lower yields on loans as a result of decreases in benchmark interest rates n Net interest margin decreased 1 basis point to 4.12% n Total provision for credit losses, consisting of $0.6 million for loans and $0.8 million for unfunded commitments, primarily reflects increases due to higher loan balances and changes in the portfolio, partially offset by decreases in specific reserves n Noninterest income was consistent with the third quarter of 2025, with improvements in wealth management fees and the mortgage servicing rights fair value adjustment mostly offset by fluctuations in the gains and losses recognized on the sale of foreclosed assets n Excluding $1.0 million of acquisition-related expenses, the $0.4 million decrease in noninterest expense was primarily attributable to the absence of a $0.4 million loss on the extinguishment of debt, associated with the early payoff of $40.0 million of subordinated notes during September 2025 4Q25 NIM Analysis\* Note: Financial data as of and for the three months ended December 31, 2025 unless otherwise indicated; \* Annualized measure; 1 Non-GAAP financial measure. See "Non-GAAP Reconciliations" in the Appendix for reconciliation of non- GAAP financial measures to their most closely comparable GAAP financial measures; 2 Reflects contribution of loan interest income to net interest margin, excluding loan discount accretion, nonaccrual interest recoveries, and loan fees.

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6 5.50% 1.31% Fed Funds Rate Cost of Deposits\* 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 —% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Deposit Overview Deposit Base Highlights n Highly granular deposit base with balances up $12.1 million during the fourth quarter of 2025, despite $50.0 million of wealth management customer money market deposits that were moved off-balance sheet due to strong liquidity during the quarter n Top 100 depositors, by balance, make up 15% of our deposit base, and the top 200 depositors make up 19% as of December 31, 2025 n Excluding reciprocal deposit accounts, account balances consist of 70% retail, 21% business, and 9% public funds as of December 31, 2025 n Uninsured and uncollateralized deposits estimated to be $632 million, or 14% of total deposits, as of December 31, 2025 n 93% of time deposits scheduled to reprice during 2026 Interest Costs\* 4Q25 Spot Interest Rates2 As of 12/31/25 Interest-bearing demand 0.63 % 0.62 % Money market 2.11 % 1.98 % Savings 0.28 % 0.28 % Time 3.16 % 3.14 % Total interest-bearing deposits 1.54 % 1.49 % Total deposits 1.16 % 1.13 % 1 Latest Rising Rate Cycle Deposit Beta (4Q21 to 2Q24): 23.6% 5.43% 4.02% 1.35% 1.16% Fed Funds Rate Cost of Deposits\* 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 —% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Current Falling Rate Cycle Deposit Beta (3Q24 to 4Q25): 13.5% 1 Rate Data Source: St. Louis FRED; \* Annualized measure; 1 Represents quarterly average of federal funds target rate upper limit; 2 Weighted average spot interest rates do not include impact of purchase accounting adjustment amortization. 1

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7 Net Interest Margin Annual Quarterly FTE NIM\*1 GAAP NIM\* Accretion of acquired loan discounts contribution to NIM\* FTE NIM1 GAAP NIM Accretion of acquired loan discounts contribution to NIM 3.23% 3.60% 4.15% 4.01% 4.17% 3.18% 3.54% 4.09% 3.96% 4.13% 2021 2022 2023 2024 2025 4.01% 4.16% 4.19% 4.18% 4.16% 3.96% 4.12% 4.14% 4.13% 4.12% 4Q24 1Q25 2Q25 3Q25 4Q25 n Fourth quarter 2025 net interest margin and net interest margin (tax- equivalent basis)1 decreased 1 and 2 basis points, respectively, from the prior quarter n 33% of the loan portfolio matures or reprices within the next 3 months and 41% of the loan portfolio matures or reprices within the next 12 months Scheduled Fixed Rate Loan Maturities ($000) 1Q26 2Q26 3Q26 4Q26 Balance $139,037 $127,848 $53,369 $63,773 Weighted Average Interest Rate2 5.82 % 5.09 % 4.69 % 4.13 % Note: Financial data as of and for the three months ended December 31, 2025 unless otherwise indicated; \* Annualized measure; 1 Tax-equivalent basis metric; see "Non-GAAP reconciliations" in the Appendix for reconciliation of non- GAAP financial measures to their most closely comparable GAAP financial measures; 2 Weighted average interest rates does not include impact of purchase accounting adjustment amortization or deferred loan fee amortization. 3bps 2bps 9bps 9bps 8bps 9bps 9bps 8bps 7bps 7bps

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8 Loan Portfolio Overview: Commercial and Commercial Real Estate n $1.76 billion portfolio as of December 31, 2025 n $937 million in non-owner occupied CRE loans primarily supported by rental cash flow of the underlying properties n $280 million in construction and land development loans2 primarily to developers for properties to sell upon completion or for long-term investment n $545 million in multi-family loans secured by 5+ unit apartment buildings n Office CRE exposure characterized by solid credit metrics as of December 31, 2025 with none rated substandard, none past due 30 days or more, and a weighted average LTV of 57% Commercial Real Estate PortfolioCommercial Loan Portfolio n $720 million portfolio as of December 31, 2025 n $400 million in C&I loans primarily for working capital, asset acquisition, and other business purposes n $320 million in owner-occupied CRE n Underwritten primarily based on borrower's cash flow and majority further supported by collateral and personal guarantees; loans based primarily in- market1 Auto Repair and Dealers: 10% Real Estate, Rental, and Leasing: 10% Manufacturing: 9% Construction: 9% Wholesale Trade: 8% Health Care and Social Assistance: 7% Accommodation and Food Services: 6% Retail Trade: 6% Finance and Insurance: 5% Grain Elevators: 5% Other: 25% Multi-Family: 35% Warehouse/ Manufacturing: 12%Retail: 11% Office: 11% Senior Living Facilities: 9% Hotels: 5% Other: 17% 1 Market area defined as within 60 miles of a branch; 2 Construction and land development loans presented by property type in chart

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9 Loan Portfolio Overview: Selected Portfolios n $275 million portfolio as of December 31, 2025 n Borrower operations focus primarily on corn and soybean production n Federal crop insurance programs mitigate production risks n No customer accounts for more than 2% of the agriculture portfolio n Weighted average LTV on farmland loans is 47% n 4.5% is rated substandard as of December 31, 2025 n 70% of agricultural borrowers have been with the Company for at least 10 years, and 51% for more than 20 years n $253 million portfolio as of December 31, 2025 n Commercial tax-exempt loans which are sponsored by municipal entities for the benefit of a private entity where that private entity is responsible for repayment n $42.6 million in senior living facility loans n $19.8 million in medical facility loans n Loans to non-depository institutions primarily secured by assignments of notes and mortgages to third party borrowers to fund real estate projects n Loans to municipalities are primarily federally tax-exempt Farmland: 63% Crops: 30% Equipment: 5% Livestock: 2% Non-Depository Institutions: 33% Commercial Tax-Exempt: 29% Municipalities: 27% Consumer: 4% Other: 7% Municipal, Consumer and OtherAgriculture and Farmland

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10 Loan Portfolio Overview: ACL and Asset Quality 4Q25 ACL on Loans Activity ($000) Watch List and Nonaccrual Loans ($000) As of 9/30/25 Change As of 12/31/25 Pass-Watch $89,732 $42,034 $131,766 Special Mention 15,090 (3,302) 11,788 Substandard 80,093 (9,350) 70,743 Nonaccrual1 7,637 (81) 7,556 CECL Methodology and Oversight n Discounted cash flow method utilized for majority of loan segments, except weighted average remaining maturity method used for consumer loans n Credit loss drivers determined by regression analysis includes Company and peer loss data and macroeconomic variables, including unemployment and GDP n ACL / Loans of 1.21% as of December 31, 2025 n ACL Committee provides model governance and oversight ACL on Unfunded Commitments n ACL on unfunded lending-related commitments was $4.1 million as of December 31, 2025 1 Includes $2.2 million of loans that are wholly or partially guaranteed by the U.S. government as of December 31, 2025. $41,900 $(848) $(837) $121 $1,354 $41,690 3Q25 Net Charge-Offs Changes in Specific Reserves Changes in Economic Forecast Changes in Portfolio and Other Changes 4Q25

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11 4.8 5.9 5.7 6.9 8.6 9.3 1.7 1.9 2.4 2.0 1.6 2.1 0.4 0.2 0.8 0.6 0.5 0.5 Asset Management and Trust Services Agricultural Services - Farm Management Agricultural Services - Real Estate Brokerage Investment Brokerage Total 2020 2021 2022 2023 2024 2025 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Wealth Management Overview Comprehensive Wealth Management Services n Proprietary investment management solutions n Financial planning n Trust and estate administration Wealth Management Revenue Trends ($mm) Agricultural Services n Farm management services: over 78,000 acres managed as of December 31, 2025 n Real estate brokerage including auction services n Farmland appraisals $12.1 $7.2 $8.4 $9.2 $9.9 Over $2.4 billion of assets under management or administration as of December 31, 2025 $11.0

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12 Securities Portfolio Overview Securities Overview Key Investment Portfolio Metrics ($000) AFS HTM Total Amortized Cost $841,867 $458,746 $1,300,613 Unrealized Gain/(Loss) (28,766) (31,947) (60,713) Allowance for Credit Losses — — — Fair Value 813,101 426,799 1,239,900 Book Yield 3.26 % 2.42 % 2.97 % Effective Duration (Years) 3.49 3.71 3.56 Portfolio Composition U.S. Treasury: 7% U.S. Gov't Agency: 10% Municipal: 14% Agency RMBS: 34% Agency CMBS: 30% Corporate: 5% Amortized Cost: $1,301mm Book Yield: 2.97% Book Yield: 2.61% Book Yield: 2.17% Book Yield: 1.33% Book Yield: 2.10% Book Yield: 4.04% Book Yield: 5.89% n Company's debt securities consist primarily of the following types of fixed income instruments: n Agency guaranteed MBS: MBS pass-throughs, CMOs, and CMBS n Municipal bonds: weighted average NRSRO credit rating of Aa2/AA n Treasury, government agency debentures, and SBA-backed full faith and credit debt n Corporate bonds: Investment-grade corporate and bank subordinated debt n Investment strategy focused on maximizing returns and managing the Company's asset sensitivity with high credit quality intermediate duration investments n Company emphasizes predictable cash flows that limit faster prepayments when rates decline or extended durations when rates rise n During the quarter, $67.4 million of debt securities were purchased with excess liquidity on hand to maintain portfolio duration Expected Debt Securities Principal Cash Flows ($000) 1Q26 2Q26 3Q26 4Q26 Expected Principal Cash Flows1 $39,137 $24,016 $35,108 $44,101 Book Yield 2.48 % 3.39 % 3.15 % 2.61 % Financial data as of December 31, 2025, unless otherwise indicated; 1 Expected principal cash flows includes contractual maturities, projected calls, and projected mortgage-backed principal payments based on industry recognized prepayment models as of December 31, 2025.

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13 Capital and Liquidity Overview As of 12/31/25 Balance of Cash and Cash Equivalents $122,269 Market Value of Unpledged Securities 845,524 Available FHLB Advance Capacity 1,058,052 Available FRB Discount Window Capacity 108,840 Available Fed Fund Lines of Credit 80,000 Total Estimated Sources of Liquidity $2,214,685 Capital and Liquidity Highlights n All capital measures remain well above regulatory requirements n Decrease in CET1 risk-based capital ratio in 2023 was primarily a result of the Town and Country acquisition n If all unrealized losses on debt securities, regardless of accounting classification, were included in tangible equity, tangible common equity to tangible assets would be 10.41%1 n With the loan to deposit ratio at 79%, there is more than sufficient on-balance sheet liquidity that is also supplemented by multiple untapped liquidity sources CET1 Risk-Based Capital Ratio (%) 13.37 13.07 12.12 13.21 14.42 2021 2022 2023 2024 2025 Tangible Common Equity to Tangible Assets (%) 8.89 8.06 8.19 9.42 10.82 2021 2022 2023 2024 2025 1 1 Non-GAAP financial measure. See "Non-GAAP Reconciliations" in the Appendix for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures. Liquidity Sources ($000)

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14 Near-Term Outlook nThe following guidance is for HBT on a standalone basis, given the timing of the closing of the CNB merger is subject to customary closing conditions, including shareholder and regulatory approvals: nLoan volumes are expected to be down slightly in 1Q26, due to seasonal paydowns and up low-single digits during 2026. nBased on the current yield curve, balance sheet composition, and probability of two effective federal funds target rate reductions, we expect modest NIM expansion during 2026. nWe expect noninterest income to grow in the low-single digits during 2026. nNoninterest expense is expected to be between $32 million and $34 million per quarter, up approximately 3% from 2025. nAsset quality is expected to remain solid, although asset quality metrics and charge-offs could deteriorate slightly should the economy soften. Additionally, deterioration in the outlook for unemployment and GDP may generate volatility in the ACL calculation. nThe CNB merger is expected to close in late 1Q26 following the satisfaction of customary closing conditions, including shareholder and regulatory approvals. Integration planning is progressing as planned and there have not been any material changes to our expectations regarding the financial impact of the merger since our announcement.

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15 Our History – Long track record of organic and acquisitive growth All five banks owned by HBT Financial, Inc. merge into Heartland Bank and Trust Company 1997 1964 - 1982 George Drake purchases El Paso National Bank and assembles group of banks in rural communities in central IL M.B. Drake starts bank in central IL 1920 HBT Financial, Inc. incorporates as a multi-bank holding company owning three banks 1982 1992 Fred Drake named President and CEO of Heartland Bank and Trust Company and leads its entry into Bloomington-Normal Acquisition1 of Lincoln S.B. Corp (State Bank of Lincoln) 2018 Wave of FDIC- assisted and strategic acquisitions, including expansion into the Chicago MSA 2010 - 2015 Entry into several new markets in central IL through de novo branches and acquisitions 1999 - 2008 2007 Company crosses $1bn in assets 2020 Merger of State Bank of Lincoln into Heartland Bank and Trust Company 2019 Completion of IPO in October 2023 Completed acquisition of Town and Country Financial Corporation 2025 Announced acquisition of CNB Bank Shares, Inc. 1 Although the Lincoln S.B. Corp transaction is identified as an acquisition above, the transaction was accounted for as a change of reporting entity due to its common control with the Company Entry into Iowa with NXT Bank acquisition 2021

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16 Central Illinois: 44 Chicago MSA: 18 Iowa: 4 Central Illinois branches Chicago MSA branches Iowa branches Our Markets Source: S&P Capital IQ; Financial data as of December 31, 2025. Full-Service Branch Locations Central Illinois: 69% Chicago MSA: 29% Iowa: 2% $4.4bn Central Illinois: 45% Chicago MSA: 44% Iowa: 11% $3.5bn 66 Locations Deposits Loans Full-Service Branches

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17 Business Strategy n Drake family involved in central Illinois banking since 1920 n Management lives and works in our communities n Community banking and relationship-based approach stems from adherence to our Midwestern values n Committed to providing products and services to support the unique needs of our customer base n Vast majority of loans originated to borrowers residing within 60 miles of a branch n Robust underwriting standards will remain a hallmark of the Company n Maintained sound credit quality and minimal originated problem asset levels during the Great Recession n Diversified loan portfolio primarily within footprint n Underwriting continues to be a strength as evidenced by NCOs / loans of 0.05% during 2024 and 0.07% during 2025; NPLs / loans of 0.22% at 4Q24 and 0.22% at 4Q25 n Positioned to be the acquirer of choice for many potential partners in and adjacent to our existing markets n Successful integration of 10 community bank acquisitions2 since 2007 n Chicago MSA, in particular, has ~70 banking institutions with less than $2bn in assets n 1.50% adjusted ROAA3 and 4.01% NIM (FTE)4 during 2024; 1.58% adjusted ROAA3 and 4.17% NIM (FTE)4 during 2025 n Highly profitable through the Great Recession and the COVID-19 pandemic n Highly defensible market position (Top 2 deposit share rank in 6 of 7 of our largest central Illinois markets1) contributes to our strong core deposit base and funding advantage n Continued deployment of our excess deposit funding (79% loan-to-deposit ratio as of 4Q25) into attractive loan opportunities in larger, more diversified markets n Efficient decision-making process provides a competitive advantage over the larger and more bureaucratic money center and super regional financial institutions that compete in our markets Preserve strong ties to our communities Deploy excess deposit funding into loan growth opportunities Maintain a prudent approach to credit underwriting Pursue strategic acquisitions and sustain strong profitability Small enough to know you, big enough to serve you FTE: Fully tax equivalent; 1 Source: S&P Capital IQ, data as of June 30, 2025; 2 Includes merger with Lincoln S.B. Corp in 2018, although the transaction was accounted for as a change of reporting entity due to its common control with Company; 3 Metrics based on adjusted net income, which is a non-GAAP metric; for reconciliation with GAAP metrics, see "Non-GAAP reconciliations" in Appendix; 4 Metrics presented on tax-equivalent basis; for reconciliation with GAAP metric, see "Non-GAAP reconciliations" in Appendix.

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18 Experienced executive management team with deep community ties Fred L. Drake Executive Chairman 42 years with Company 45 years in industry J. Lance Carter President and Chief Executive Officer 24 years with Company 32 years in industry Lawrence J. Horvath Chief Lending Officer 15 years with Company 40 years in industry Mark W. Scheirer Chief Credit Officer 14 years with Company 33 years in industry Andrea E. Zurkamer Chief Risk Officer 12 years with Company 25 years in industry Diane H. Lanier Chief Retail Officer 28 years with Company 40 years in industry Peter Chapman Chief Financial Officer 3 years with Company 32 years in industry

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19 Talented Board of Directors with deep financial services industry experience Fred L. Drake Executive Chairman • Director since 1984 • 42 years with Company • 45 years in industry J. Lance Carter Director • Director since 2011 • President and CEO of HBT Financial and Heartland Bank • 24 years with Company • 32 years in industry Patrick F. Busch Director • Director since 1998 • Vice Chairman of Heartland Bank • 30 years with Company • 47 years in industry Eric E. Burwell Director • Director since 2005 • Owner, Burwell Management Company • Invests in a variety of real estate, private equity, venture capital and liquid investments Linda J. Koch Director • Director since 2020 • Former President and CEO of the Illinois Bankers Association • 36 years in industry Gerald E. Pfeiffer Director • Director since 2019 • Former Partner at CliftonLarsonAllen LLP • Former CFO of Bridgeview Bancorp • Over 50 years of industry experience Allen C. Drake Director • Director since 1981 • Retired EVP with 27 years of experience at Company • Formerly responsible for Company's lending, administration, technology, personnel, accounting, trust and strategic planning Dr. C. Alvin Bowman Director • Director since 2019 • Former President of Illinois State University • 36 years in higher education Roger A. Baker Director • Director since 2022 • Former Chairman and President of NXT Bancorporation • 15 years in industry

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20 Investment Highlights 3 1 2 4 Track record of successfully integrating acquisitions Consistent performance through economic cycles and consistent out-performance of peers drives long-term shareholder value Strong, granular, low-cost deposit base provides funding for diversified loan portfolio and loan growth opportunities Prudent risk management

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21 Consistent performance through economic cycles. . . Drivers of Profitability Strong, granular, low-cost deposits1 Relationship-based business model that has allowed us to cultivate and underwrite attractively priced loans A robust credit risk management framework to prudently manage credit quality Diversified sources of fee income, including in wealth management 4 Consistent out-performance, even during periods of broad economic stress 1 2 3 Pre-Tax Return on Average Assets (%) Company Company Adjusted Peer Median 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 3Q25 YTD 0.00% 0.25% 0.50% 0.75% 1.00% 1.25% 1.50% 1.75% 2.00% 2.25% 2.50% 2.75% 3.00% 1 Source: S&P Capital IQ as available on January 9, 2026; For 2006 through June 30, 2012, the Company's pre-tax ROAA does not include Lincoln S.B. Corp. and its subsidiaries; 1 Non-GAAP financial measure. See "Non-GAAP Reconciliations" in the Appendix for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures; 2 See "Peer Group Members" in the Appendix for listing of the publicly-traded bank holding companies included in peer group median. 2

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22 . . . and consistent out-performance of peers. . .1 CET1 Capital Ratio (%) 13.07 12.12 13.21 14.35 10.68 11.04 11.42 11.97 HBT Peer Median 2022 2023 2024 3Q25 YTD Return on Average Equity (%) 14.73 14.60 13.93 13.5713.43 12.50 11.04 11.52 HBT Peer Median 2022 2023 2024 3Q25 YTD Cost of Funds (%) 0.19 0.86 1.41 1.30 0.52 1.76 2.31 2.12 HBT Peer Median 2022 2023 2024 3Q25 YTD Nonperforming Assets to Total Assets (%) 0.12 0.17 0.16 0.170.24 0.29 0.38 0.41 HBT Peer Median 2022 2023 2024 3Q25 YTD Robust Capitalization Superior Profitability Exceptional Funding Base Conservative Credit Underwriting 1 11 1 Source: S&P Capital IQ as available on January 9, 2026; 1 See "Peer Group Members" in the Appendix for listing of the publicly-traded bank holding companies included in peer group median.

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23 . . . drives long-term shareholder value1 HBT Financial, Inc. Peer Median S&P 600 Small Cap Bank Index 10/11/2019 (IPO Date) 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 $50.00 $100.00 $150.00 $200.00 $250.00 Cumulative Total Return (Initial investment of $100 and reinvestment of dividends) 1 Source: S&P Capital IQ as available on January 9, 2026; 1 See "Peer Group Members" in the Appendix for listing of the publicly-traded bank holding companies included in peer group median. YTD 3 Years 5 Years HBT 22.2 % 47.1 % 103.4 % Peer Median1 9.3 % 37.4 % 75.9 % S&P 600 Small Cap Bank Index 4.6 % 17.8 % 47.3 % Cumulative Total Return (%) (Includes reinvestment of dividends) Industry Recognition n Ranked 7th out of 200 in the Forbes 2025 America's Best Banks ranking (based on 2024 results) n Ranked 16th out of 208 in S&P Global Market Intelligence's 2024 large US community bank ranking n Ranked 6th out of community banks with total assets of $5bn to $10bn and 7th out of 300 publicly traded banks overall in Bank Director's The Best U.S. Banks 2025 edition

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24 0.14 0.07 0.07 0.60 1.30 1.20 0.44 0.21 0.36 1.49 2.06 1.94 HBT Peer Median 2020 2021 2022 2023 2024 3Q25 YTD\* Strong, granular, low-cost deposit base provides funding for . . . Cost of Deposits (%) Remains Consistently Below Peers 1 2 As of 12/31/25 Number of Accounts (000) Average Account Balance ($000) Weighted Average Age (Years) Noninterest-bearing 76 $13 15.3 Interest-bearing demand 53 19 20.9 Money market 6 124 11.5 Savings 44 13 18.0 Time 17 43 2.3 Total deposits 195 $21 14.0 Deposit Base Characteristics2 1 Source: S&P Capital IQ as available on January 9, 2026; \* Annualized measure; 1 See "Peer Group Members" in the Appendix for listing of the publicly-traded bank holding companies included in peer group median; 2 Excludes overdrawn deposit accounts, reciprocal deposit accounts, and internal HBT accounts. n Deposit beta consistently below peers, in both rising rate and falling rate environments n Core deposits to total deposits3 of 95.4% as of December 31, 2025, with no reliance on brokered deposits n Short duration time deposits have a weighted average remaining maturity of 4.9 months and a weighted average rate of 3.14% as of December 31, 2025 1

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25 . . . diversified loan portfolio and loan growth opportunities2 December 31, 2025 Balance ($000) Percent Commercial and industrial $399,760 11.6 % Commercial real estate - owner occupied 320,434 9.3 % Commercial real estate - non- owner occupied 937,094 27.0 % Construction and land development 280,254 8.1 % Multi-family 544,941 15.8 % One-to-four family residential 445,463 12.9 % Agricultural and farmland 275,251 8.0 % Municipal, consumer, and other 253,012 7.3 % Total loans $3,456,209 100.0 % Diversified Loan Portfolio Chicago MSA n Entered market in 2011 with acquisition of Western Springs National Bank n In-market disruption from recent bank M&A in Chicago MSA has provided attractive source of local talent n Scale and diversity of Chicago MSA provides continued growth opportunities, both in lending and deposits n Loan growth in Chicago MSA spread across a variety of commercial asset classes, including multi-family, mixed use, industrial, retail, and office n Chicago MSA region loans grew 5.5% over the last 12 months Central Illinois n Deep-rooted market presence expanded through several acquisitions since 2007 n Central Illinois markets have been resilient during previous economic downturns n Town and Country merger has provided very strong market share in a number of new markets and opportunities to expand customer relationships with HBT's greater ability to meet larger borrowing needs Iowa n Entered market in 2021 with acquisition of NXT Bancorporation, Inc. ("NXT") n Continued opportunity to accelerate loan growth in Iowa thanks to HBT's larger lending limit and ability to add to talented banking team n Iowa region loans grew 5.3% over the last 12 months Loan Growth Opportunities

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26 2025 Announced CNB Bank Shares, Inc. (CNB Bank & Trust, N.A.) Carlinville, IL $1.5bn deposits2 Track record of successfully integrating acquisitions BankPlus Morton, IL $231mm deposits 2007 2012 Bank of Illinois Normal, IL FDIC-assisted $176mm deposits Western Springs National Bank Western Springs, IL FDIC-assisted $184mm deposits 2011 Citizens First National Bank Princeton, IL FDIC-assisted $808mm deposits Farmer City State Bank Farmer City, IL $70mm deposits 20182010 Bank of Shorewood Shorewood, IL FDIC-assisted $105mm deposits Lincoln S.B. Corp (State Bank of Lincoln)1 Lincoln, IL $357mm deposits 2021 NXT Bancorporation, Inc. (NXT Bank) Central City, IA $182mm deposits 2015 National Bancorp, Inc. (American Midwest Bank) Schaumburg, IL $447mm deposits 2023 Town and Country Financial Corporation (Town and Country Bank) Springfield, IL $720mm deposits 3 1 Although the Lincoln Acquisition is identified as an acquisition in the above table, the transaction was accounted for as a change of reporting entity due to its common control with Company; 2 Total deposits as of September 30, 2025

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27 Prudent risk management n Risk management culture instilled by management n Well-diversified loan portfolio across commercial, regulatory CRE, and residential n Primarily originated across in-footprint borrowers n Centralized credit underwriting group that evaluates the vast majority of exposures over $750,000 to ensure uniform application of policies and procedures n Conservative credit culture, strong underwriting criteria, and regular loan portfolio monitoring n Between a robust internal review process and annual third-party reviews, more than 45% of loan commitments are reviewed on a rolling 24 month basis Strategy and Risk Management n Majority of directors are independent, with varied expertise and backgrounds n Board of directors has an established Audit Committee, Compensation Committee, Nominating and Corporate Governance Committee, and Enterprise Risk Management (ERM) Committee n ERM program embodies the "three lines of defense" model and promotes business line risk ownership n Independent and robust internal audit structure, reporting directly to our Audit Committee n Strong compliance culture and compliance management system n Code of Ethics and other governance documents are available at ir.hbtfinancial.com Data Security & Privacy n Robust data security program, and under our privacy policy, we do not sell or share customer information with non-affiliated entities n Formal company-wide business continuity plan covering all departments, as well as a cybersecurity program that includes internal and outsourced, independent testing of our systems and employees Comprehensive Enterprise Risk Management Disciplined Credit Risk Management Historical Net Charge-Offs (%) 4 NCOs / Loans % 0.04% (0.01)% (0.08)% 0.01% 0.05% 0.07% 2020 2021 2022 2023 2024 2025

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28 Appendix

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29 Non-GAAP Reconciliations Adjusted Net Income and Adjusted ROAA ($000) 2022 2023 2024 2025 3Q25 4Q25 Net income $56,456 $65,842 $71,780 $77,008 $19,765 $18,938 Adjustments: Acquisition expenses1 (1,092) (13,691) — (999) — (999) Loss on extinguishment of debt — — — (391) (391) — Gains (losses) on closed branch premises 141 75 (635) 2 (7) — Realized losses on sale of securities — (1,820) (3,697) (200) (49) (151) Mortgage servicing rights fair value adjustment 2,153 (1,615) (174) (1,883) (514) (310) Total adjustments 1,202 (17,051) (4,506) (3,471) (961) (1,460) Tax effect of adjustments2 (551) 4,711 1,284 832 274 259 Total adjustments after tax effect 651 (12,340) (3,222) (2,639) (687) (1,201) Adjusted net income $55,805 $78,182 $75,002 $79,647 $20,452 $20,139 Average assets $4,269,873 $4,927,904 $5,008,083 $5,048,549 $5,027,161 $5,099,275 Return on average assets 1.32 % 1.34 % 1.43 % 1.53 % 1.56 %\* 1.47 %\* Adjusted return on average assets 1.31 % 1.59 % 1.50 % 1.58 % 1.61 %\* 1.57 %\* \* Annualized measure; 1 Includes recognition of an allowance for credit losses on non-PCD loans of $5.2 million and an allowance for credit losses on unfunded commitments of $0.7 million subsequent to the Town and Country merger during first quarter of 2023; 2 Assumes a federal income tax rate of 21% and a state tax rate of 9.5%.

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30 Non-GAAP Reconciliations Adjusted Earnings Per Share ($000) 4Q25 Numerator: Net income $18,938 Adjusted net income $20,139 Denominator: Weighted average common shares outstanding 31,434,409 Dilutive effect of outstanding restricted stock units 124,596 Weighted average common shares outstanding, including all dilutive potential shares 31,559,005 Earnings per share - basic $0.60 Earnings per share - diluted 0.60 Adjusted earnings per share - basic $0.64 Adjusted earnings per share - diluted 0.64

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31 Non-GAAP Reconciliations (cont'd) ROATCE, Adjusted ROAE, and Adjusted ROATCE ($000) 2022 2023 2024 2025 Total stockholders' equity $383,306 $450,928 $515,368 $581,449 Less: goodwill (29,322) (57,266) (59,820) (59,820) Less: core deposit intangible assets (1,480) (20,272) (19,247) (16,437) Average tangible common equity $352,504 $373,390 $436,301 $505,192 Net income $56,456 $65,842 $71,780 $77,008 Adjusted net income 55,805 78,182 75,002 79,647 Return on average stockholders' equity 14.73 % 14.60 % 13.93 % 13.24 % Return on average tangible common equity 16.02 % 17.63 % 16.45 % 15.24 % Adjusted return on average stockholders' equity 14.56 % 17.34 % 14.55 % 13.70 % Adjusted return on average tangible common equity 15.83 % 20.94 % 17.19 % 15.77 %

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32 Non-GAAP Reconciliations (cont'd) ($000) 2021 2022 2023 2024 2025 Net interest income $122,403 $145,874 $191,072 $188,850 $198,895 Tax-equivalent adjustment1 2,028 2,499 2,758 2,242 2,203 Net interest income (tax-equivalent basis)1 $124,431 $148,373 $193,830 $191,092 $201,098 Average interest-earnings assets $3,846,473 $4,118,124 $4,675,025 $4,769,671 $4,819,667 Net interest margin 3.18 % 3.54 % 4.09 % 3.96 % 4.13 % Tax-equivalent adjustment1 0.05 % 0.06 % 0.06 % 0.05 % 0.04 % Net interest margin (tax-equivalent basis)1 3.23 % 3.60 % 4.15 % 4.01 % 4.17 % Net Interest Income (tax-equivalent basis) and Net Interest Margin (tax-equivalent basis) Net Interest Income (tax-equivalent basis) and Net Interest Margin (tax-equivalent basis) ($000) 4Q24 1Q25 2Q25 3Q25 4Q25 Net interest income $47,401 $48,708 $49,658 $49,986 $50,543 Tax-equivalent adjustment1 562 545 548 552 558 Net interest income (tax-equivalent basis)1 $47,963 $49,253 $50,206 $50,538 $51,101 Average interest-earnings assets $4,758,334 $4,798,021 $4,808,213 $4,800,519 $4,871,320 Net interest margin 3.96 %\* 4.12 %\* 4.14 %\* 4.13 %\* 4.12 %\* Tax-equivalent adjustment1 0.05 %\* 0.04 %\* 0.05 %\* 0.05 %\* 0.04 %\* Net interest margin (tax-equivalent basis)1 4.01 %\* 4.16 %\* 4.19 %\* 4.18 %\* 4.16 %\* \* Annualized measure; 1 Assumes a federal income tax rate of 21% and a state tax rate of 9.5%.

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33 Non-GAAP Reconciliations (cont'd) Efficiency Ratio (tax-equivalent basis) ($000) 2022 2023 2024 2025 Total noninterest expense $105,107 $130,964 $124,007 $129,418 Less: amortization of intangible assets (873) (2,670) (2,839) (2,726) Noninterest expense excluding amortization of intangible assets $104,234 $128,294 $121,168 $126,692 Net interest income $145,874 $191,072 $188,850 $198,895 Total noninterest income 34,717 36,046 35,571 38,190 Operating revenue 180,591 227,118 224,421 237,085 Tax-equivalent adjustment1 2,499 2,758 2,242 2,203 Operating revenue (tax-equivalent basis)1 $183,090 $229,876 $226,663 $239,288 Efficiency ratio 57.72 % 56.49 % 53.99 % 53.44 % Efficiency ratio (tax-equivalent basis)1 56.93 % 55.81 % 53.46 % 52.95 % 1 Assumes a federal income tax rate of 21% and a state tax rate of 9.5%.

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34 Non-GAAP Reconciliations (cont'd) ($000) 2021 2022 2023 2024 2025 Tangible common equity Total equity $411,881 $373,632 $489,496 $544,605 $615,498 Less: goodwill (29,322) (29,322) (59,820) (59,820) (59,820) Less: core deposit intangible (1,943) (1,070) (20,682) (17,843) (15,117) Tangible common equity $380,616 $343,240 $408,994 $466,942 540,561 Unrealized loss on HTM securities (31,947) Tax Effect 8,945 Tangible common equity - HTM adjusted $517,559 Tangible assets Total assets $4,314,254 $4,286,734 $5,073,170 $5,032,902 $5,071,390 Less: goodwill (29,322) (29,322) (59,820) (59,820) (59,820) Less: core deposit intangible (1,943) (1,070) (20,682) (17,843) (15,117) Tangible assets $4,282,989 $4,256,342 $4,992,668 $4,955,239 4,996,453 Unrealized loss on HTM securities (31,947) Tax Effect 8,945 Tangible assets - HTM adjusted $4,973,451 Total stockholders' equity to total assets 9.55 % 8.72 % 9.65 % 10.82 % 12.14 % Tangible common equity to tangible assets 8.89 % 8.06 % 8.19 % 9.42 % 10.82 % Tangible common equity to tangible assets - HTM adjusted 10.41 % Tangible Common Equity to Tangible Assets

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35 Non-GAAP Reconciliations (cont'd) ($000) 4Q24 3Q25 4Q25 Tangible common equity Total equity $544,605 $599,129 $615,498 Less: goodwill (59,820) (59,820) (59,820) Less: core deposit intangible (17,843) (15,760) (15,117) Tangible common equity $466,942 $523,549 $540,561 Shares outstanding 31,559,366 31,455,803 31,431,924 Book value per share $17.26 $19.05 $19.58 Tangible book value per share $14.80 $16.64 $17.20 Tangible Book Value Per Share

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36 Non-GAAP Reconciliations (cont'd) ($000) 2022 2023 2024 2025 Total deposits $3,587,024 $4,401,437 $4,318,254 $4,359,263 Less: time deposits of $250,000 or more (27,158) (130,183) (202,196) (201,365) Less: brokered deposits — (144,880) — — Core deposits $3,559,866 $4,126,374 $4,116,058 $4,157,898 Core deposits to total deposits 99.24 % 93.75 % 95.32 % 95.38 % Core Deposits

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37 Non-GAAP Reconciliations ($000) 2011 2012 2013 Income before income tax expense $47,301 $71,384 $46,134 Adjustments: Bargain purchase gain 25,417 11,361 — Realized gains (losses) on sale of securities — 9,683 (9,143) Net positive adjustments on FDIC indemnification asset and true-up liability — 6,687 — Net loss related to the sale of branches — — (6,860) Total adjustments 25,417 27,731 (16,003) Adjusted income before income tax expense 21,884 43,653 62,137 Average assets $1,831,704 $2,494,242 $3,148,005 Pre-tax return on average assets 2.58 % 2.86 % 1.47 % Adjusted pre-tax return on average assets 1.19 % 1.75 % 1.97 % Adjusted Pre-Tax ROAA (2011 to 2013)

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38 Peer Group Members Ticker Symbol Company Name BFC Bank First Corporation BY Byline Bancorp, Inc. CIVB Civista Bancshares, Inc. FMNB Farmers National Banc Corp. THFF First Financial Corporation FMBH First Mid Bancshares, Inc. GABC German American Bancorp, Inc. GSBC Great Southern Bancorp, Inc. HBNC Horizon Bancorp, Inc. IBCP Independent Bank Corporation LKFN Lakeland Financial Corporation MBWM Mercantile Bank Corporation MSBI Midland States Bancorp, Inc. MOFG MidWestOne Financial Group, Inc. NIC Nicolet Bankshares, Inc. OSBC Old Second Bancorp, Inc. PEBO Peoples Bancorp Inc. QCRH QCR Holdings, Inc. SMBC Southern Missouri Bancorp, Inc. SYBT Stock Yards Bancorp, Inc.

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0 118 104 0 118 104 0 118 104 165 211 142 165 211 142 245 230 168 245 230 168 255 255 255

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