BLOOMINGTON, Ill., Dec. 21, 2022 — HBT Financial, Inc. (NASDAQ: HBT) (the “Company” or “HBT Financial”) announced today that its Board of Directors has authorized a new stock repurchase the Program that will go into action on January 1, 2023, following the expiration of the Company’s present stock repurchase programme. After January 1, 2023, the Company won’t conduct any more repurchases under the current programme. The Company may buyback up to $15 million worth of its ordinary shares under the new Program.
The management of the Company may, from time to time, repurchase shares of stock under the Program on the open market, through confidential negotiations, or in any other way that complies with applicable securities laws (including by using the safe harbour established by Rule 10b-18 of the Securities Act of 1934, as amended). The timing of purchases and the number of shares repurchased under the Program will be determined by several variables, including price, trading volume, business and regulatory obligations, and market conditions. The Program will be in place until January 1, 2024. The Program may be suspended or terminated without prior notice, and the Company is not required to buy any shares under it.
About HBT Financial, Inc.
Heartland Bank and Trust Company’s holding company, HBT Financial, Inc., was founded in 1920 and has its corporate headquarters in Bloomington, Illinois. Through 58 full-service locations spread across Central and Northeastern Illinois and Eastern Iowa, HBT Financial offers a broad range of business, commercial, wealth management, and retail banking products and services to individuals, businesses, and municipal bodies. HBT Financial has $4.2 billion in total assets, $2.6 billion in total loans, and $3.6 billion in total deposits as of September 30, 2022.