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HBT Financial completes CNB acquisition successfully

PUBLIC · HBTJul 27, 2026•13 days ago

Acquiring Company

HBT Financial

Acquired Company

CNB Bank Shares

IllinoisFinancial ServicesLending And InvestmentsFinancial ServicesFinanceLendingBanking

Description

HBT Financial, Inc. has reported strong second quarter results following its acquisition of CNB Bank Shares, Inc. For the second quarter of 2026, the company reported an adjusted net income of $28.5 million. The merger is expected to enhance HBT's financial performance through realized cost savings and improved operational efficiencies. This marks a significant step for HBT in expanding its service capabilities.

Company Information

Company

HBT Financial

About

HBT Financial, Inc. is headquartered in Bloomington, Illinois and is the holding company for Heartland Bank and Trust Company. HBT provides a comprehensive suite of business, commercial, wealth management, and retail banking products and services to individuals, businesses and municipal entities throughout Central and Northeastern Illinois and Eastern Iowa through 61 branches. As of June 30, 2021, HBT had total assets of $4.0 billion, total loans of $2.2 billion, and total deposits of $3.4 billion. HBT is a longstanding Central Illinois company, with banking roots that can be traced back to 1920.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired CNB Bank Shares?

CNB Bank Shares was acquired by HBT Financial. The deal was reported on July 27, 2026. HBT Financial, Inc. is headquartered in Bloomington, Illinois and is the holding company for Heartland Bank and Trust Company. HBT Financial is publicly traded (HBT) and operates in Financial Services.

When did HBT Financial acquire CNB Bank Shares?

HBT Financial's acquisition of CNB Bank Shares was reported on July 27, 2026. HBT Financial, Inc. has reported strong second quarter results following its acquisition of CNB Bank Shares, Inc. For the second quarter of 2026, the company reported an adjusted net income of $28.5 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does CNB Bank Shares do?

CNB Bank Shares, Inc. is the holding company for CNB Bank & Trust, N.A. The community bank offers a variety of banking services including commercial and personal banking, treasury and wealth management, and insurance products. It is privately held, operating in Financial Services, and is based in Illinois.

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