HBT Financial, Inc. Announces Authorization of New $15 Million Stock Repurchase Program
December 14 2021 - 4:05PM
HBT Financial, Inc. (NASDAQ: HBT) (the “Company” or “HBT
Financial”) announced today that its Board of Directors has
approved a new stock repurchase program (the “Program”) that takes
effect upon the expiration of the Company’s current stock
repurchase program on December 31, 2021. The Company will not
execute additional repurchases under the current program after
December 31, 2021. The new Program authorizes the Company to
repurchase up to $15 million of its common stock.
Stock repurchases under the Program may be made from time to
time on the open market, in privately negotiated transactions, or
in any other manner that complies with the applicable securities
law (including pursuant to the safe harbor provided under Rule
10b-18 of the Securities Act of 1934, as amended), at the
discretion of the management of the Company. The Program will be in
effect until January 1, 2023 with the timing of purchases and
number of shares repurchased under the Program dependent upon a
variety of factors including price, trading volume, corporate and
regulatory requirements, and market conditions. The Company is not
obligated to purchase any shares under the Program and the Program
may be suspended or discontinued at any time without notice.
About HBT Financial, Inc.
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 September 30, 2021, HBT had total assets of
$3.9 billion, total loans of $2.1 billion, and total
deposits of $3.4 billion. HBT is a longstanding Central
Illinois company, now with operations in Eastern Iowa, with banking
roots that can be traced back to 1920.
CONTACT:Matthew KeatingHBTIR@hbtbank.com(310)
622-8230
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