Press Release|Financial Institutions
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KBRA Releases Surveillance Report for HBT Financial, Inc.

27 Aug 2025   |   New York

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On August 8, 2025, KBRA upgraded the senior unsecured debt rating to BBB+ from BBB, the subordinated debt rating to BBB from BBB-, and the short-term debt rating to K2 from K3 for Bloomington, Illinois-based HBT Financial, Inc. (NASDAQ: HBT). In addition, KBRA upgraded the deposit and senior unsecured debt ratings to A- from BBB+ and the subordinated debt rating to BBB+ from BBB for its main subsidiary, Heartland Bank & Trust Company, and affirmed the bank’s short-term deposit and debt ratings of K2. The Outlook for all long-term ratings is Stable.

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About KBRA

KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1010926