25 unchanged sentences
In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission in 2013.
−Removed: We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of December 31, 2024 and 2023, the related consolidated statements of income, comprehensive income (loss), changes in stockholders’ equity and cash flows of the Company for each of the three years in the period ended December 31, 2024, and the related notes to the consolidated financial statements and our report dated March 7, 2025 expressed an unqualified opinion.
+Added: We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of December 31, 2024 and 2025, the related consolidated statements of income, comprehensive income, changes in stockholders’ equity and cash flows of the Company for each of the three years in the period ended December 31, 2025, and the related notes to the consolidated financial statements and our report dated March 6, 2026 expressed an unqualified opinion.
Basis for Opinion
60 unchanged sentences
4.2 Description of Common Stock (incorporated by reference to Exhibit 4.2 to the Company’s Annual Report on Form 10-K, filed with the Commission on March 27, 2020).
−Removed: 4.3 Form of 4.50% Fixed-to-Floating Rate Subordinated Note due 2030 (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K, filed with the Commission on September 3, 2020).
9.1 Voting Trust Agreement, dated as of May 4, 2016, among Fred L.
8 unchanged sentences
Lance Carter (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K, filed with the Commission on February 25, 2021).
−Removed: 10.6 § Amended and Restated Employment Agreement, dated as of February 22, 2021, by and between the Company and Patrick F.
−Removed: Busch (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K, filed with the Commission on February 25, 2021).
10.6 § Amended and Restated Employment Agreement, dated as of February 22, 2021, by and between the Company and Mark W.
−Removed: 10.8 § Employment Agreement, effective October 1, 2022, by and among HBT Financial, Inc., Heartland Bank and Trust Company and Peter Chapman.
−Removed: (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed with the Commission on August 18, 2022).
−Removed: 10.9 § Amendment to Amended and Restated Employment Agreement, dated November 18, 2022, by and among HBT Financial, Inc., Heartland Bank and Trust Company and Patrick F.
−Removed: (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed with the Commission on November 23, 2022).
−Removed: 10.10 * § Amendment to the Amended and Restated Employment Agreement, dated January 1, 2023, by and between the Company, the Bank, and Lawrence J.
+Added: Scheirer (incorporated by reference to Exhibit 10.7 to the Company’s Annual Report on Form 10-K, filed with the Commission on March 7, 2025).
+Added: 10.7 § Employment Agreement, effective October 1, 2022, by and among HBT Financial, Inc., Heartland Bank and Trust Company and Peter Chapman (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed with the Commission on August 18, 2022).
+Added: 10.8 § Amended and Restated Employment Agreement, dated January 1, 2023, by and between the Company, the Bank, and Lawrence J.
+Added: Horvath (incorporated by reference to Exhibit 10.10 to the Company’s Annual Report on Form 10-K, filed with the Commission on March 7, 2025).
10.9 § Amendment to Amended and Restated Employment Agreement, dated March 5, 202 5 , by and between the Company, the Bank, and Fred L.
−Removed: (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q, filed with the Commission on May 1, 2024).
+Added: Drake (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q, filed with the Commission on May 2 , 202 5 ).
10.10 § Amendment to Amended and Restated Employment Agreement, dated March 5, 202 5 , by and between the Company, the Bank, and J.
−Removed: Lance Carter.
−Removed: (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q, filed with the Commission on May 1, 2024).
−Removed: 10.13 § Amendment to Employment Agreement, dated March 15, 2024, by and between the Company, the Bank, and Peter Chapman.
−Removed: (incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q, filed with the Commission on May 1, 2024).
+Added: Lance Carter (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q, filed with the Commission on May 2 , 202 5 ).
+Added: 10.11 § Amendment to Employment Agreement, dated March 5, 202 5 , by and between the Company, the Bank, and Peter Chapman (incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q, filed with the Commission on May 2 , 202 5 ).
10.12 § Amendment to the Amended and Restated Employment Agreement, dated March 5, 2025, by and between the Company, the Bank, and Lawrence J.
+Added: Horvath (incorporated by reference to Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q, filed with the Commission on May 2, 2025).
10.13 § Amendment to the Amended and Restated Employment Agreement, dated March 5, 202 5 , by and between the Company, the Bank, and Mark W.
+Added: Scheirer (incorporated by reference to Exhibit 10.
+Added: 5 to the Company’s Quarterly Report on Form 10-Q, filed with the Commission on May 2, 2025).
10.14 § Form of Stock Appreciation Rights Agreement (incorporated by reference to Exhibit 10.9 to the Company’s Registration Statement on Form S-1, filed with the Commission on September 13, 2019).
47 unchanged sentences
Pfeiffer Director March 6, 2026
+Added: Ruyle Director March 6, 2026
+Added: Ashworth Director March 6, 2026
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.