Hbt Financial, Inc. · NASDAQ:HBT
Hbt Financial — Merger or Acquisition (October 2025)
11 slides from Hbt Financial's merger presentation, Oct 20, 2025
Slide 1: Investor Presentation: CNB Bank Shares, Inc. Merger
Investor Presentation CNB Bank Shares, Inc. Merger October 20, 2025
Slide 2: Special Note Concerning Forward-Looking Statements
Special Note Concerning Forward-Looking Statements Certain statements in this presentation, including any statements regarding the expected timetable for completion of the proposed transaction, the results, effects and benefits of the proposed transaction, future opportunities and any other statemen
Slide 3: Important Information and Where to Find it
Important Information and Where to Find it In connection with the proposed transaction, HBT will file materials with the SEC, including a Registration Statement on Form S-4 of HBT that will include a proxy statement of CNBN and a prospectus of HBT. After the Registration Statement is declared effect
Slide 4: Transaction Highlights
Transaction Highlights • Anticipated EPS accretion of 19% in first full-year with cost savings Financially Attractive • Manageable TBV dilution of 3.3% at closing with an earnback of less than 1 year using the crossover method • Creates significant value for both HBT and CNBN shareholders • Increase
Slide 5: Transaction Summary
Transaction Summary HBT Financial, Inc. (NASDAQ: HBT) Buyer Bloomington, IL CNB Bank Shares, Inc. (OTC: CNBN) Seller Carlinville, IL Shareholder election (subject to proration) of either 1.0434 common shares of HBT (fixed exchange ratio) or $27.73 of cash, or a mix thereof, for each common
Slide 6: Overview of CNB Bank Shares, Inc.
Overview of CNB Bank Shares, Inc. Branch Footprint CNBN (18) • CNB Bank & Trust, N.A., the bank subsidiary for CNBN, has roots going back to 1888 • CNBN operates through 18 branches in central Illinois, St. Louis MSA, and southern Chicago suburbs • Profitable bank with MRQ ROAA and ROAE of 0.94% and
Slide 7: Pro Forma Franchise Map
Pro Forma Franchise Map HBT (66) CNBN (18) 7
Slide 8: Pro Forma Loan & Deposit Mix
Pro Forma Loan & Deposit Mix MRQ Pro Forma¹ Cons.+Other 1-4 Cons.+Other Cons.+Other 1-4 5% 1-4 Farm+Ag. 7% 13% 2% 12% Farm+Ag. 13% 8% Farm+Ag. 25% 13% C&D Multi Multi Loan Composition 9% Multi 10% 12% 14% C&D 10% C&I 13% O-O CRE 14% O-O CRE O-O CRE C&D 11% 9% 12% C&I 12% Non O-O CRE Non O-O CRE Non
Slide 9: Financial Impact
Financial Impact Anticipated cost savings of 29% of CNBN’s noninterest expense base 85% phased-in during 2026, 100% thereafter $21.5 million in estimated pre-tax transaction expenses, fully realized in pro forma tangible book value estimate at closing Loan credit mark of 1.53% gross loans at
Slide 10: Track record of successfully integrating acquisitions
Track record of successfully integrating acquisitions 2007 2010 2012 2018 2023 BankPlus Bank of Illinois Farmer City State Bank Lincoln S.B. Corp Town and Country Morton, IL Normal, IL Farmer City, IL (State Bank of Lincoln)1 Financial Corporation $231mm deposits FDIC-assisted $176mm $70mm deposits
Slide 11: HBT Financial
HBI Financial