HBT FINANCIAL, INC. FILES (8-K/A) Disclosing Results of Operations and Financial Condition, Financial Statements and Exhibits

Item 2.02. Results of Operations and Financial Condition.

On January 25, 2023, the Company announced earnings for the fourth quarter and
year ended December 31, 2022. Subsequent to its earnings release, the Company
obtained new information related to a litigation loss contingency that resulted
in the recognition of a $13.0 million accrual and a related $7.4 million
insurance recovery receivable as of December 31, 2022. During the fourth quarter
and year ended December 31, 2022, the estimated net settlement amount of
$5.6 million has been recognized as other noninterest expense.

The effect of the foregoing reduced net income, as originally reported on
January 25, 2023, by $4.0 million to $13.1 million and $56.5 million for the
fourth quarter and year ended December 31, 2022, respectively, and reduced
originally reported diluted earnings per share of $0.59 and $2.09 to $0.46 and
$1.95 for the fourth quarter and year ended December 31, 2022, respectively.

The Unaudited Consolidated Financial Information Summary included within the
Prior Report has been updated to reflect the changes to the Company's financial
information for the fourth quarter and year ended December 31, 2022, and is
attached as Exhibit 99.1, and incorporated by reference herein.

The information contained in Item 2.02, including Exhibit 99.1 furnished
herewith, shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise
subject to the liabilities under that section, nor shall it be deemed
incorporated by reference into any registration statement or other document
pursuant to the Securities Act of 1933, as amended (the "Securities Act"), or
into any filing or other document pursuant to the Exchange Act, except to the
extent required by applicable law or regulation.

Forward-Looking Statements

Readers should note that in addition to the historical information contained
herein, this press release contains, and future oral and written statements of
the Company and its management may contain, "forward-looking statements" within
the meanings of the Private Securities Litigation Reform Act of 1995, Section
27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking
statements generally can be identified by the use of forward-looking terminology
such as "will," "propose," "may," "plan," "seek," "expect," "intend,"
"estimate," "anticipate," "believe," "continue," or "should," or similar
terminology. Any forward-looking statements presented herein are made only as of
the date of this press release, and the Company does not undertake any
obligation to update or revise any forward-looking statements to reflect changes
in assumptions, the occurrence of unanticipated events, or otherwise.

Factors that could cause actual results to differ materially from these
forward-looking statements include, but are not limited to: (i) the strength of
the local, state, national and international economies (including effects of
inflationary pressures and supply chain constraints); (ii) the economic impact
of any future terrorist threats and attacks, widespread disease or pandemics
(including the COVID-19 pandemic in the United States), acts of war or other
threats thereof, or other adverse external events that could cause economic
deterioration or instability in credit markets, and the response of the local,
state and national governments to any such adverse external events; (iii)
changes in accounting policies and practices, as may be adopted by state and
federal regulatory agencies, the FASB or the PCAOB; (iv) changes in state and
federal laws, regulations and governmental policies concerning the Company's
general business; (v) changes in interest rates and prepayment rates of the
Company's assets (including the impact of LIBOR phase-out); (vi) increased
competition in the financial services sector and the inability to attract new
customers; (vii) changes in technology and the ability to develop and maintain
secure and reliable electronic systems; (viii) unexpected results of
acquisitions, which may include failure to realize the anticipated benefits of
acquisitions and the possibility that transaction costs may be greater than
anticipated; (ix) the loss of key executives or employees; (x) changes in
consumer spending; (xi) unexpected outcomes of existing or new litigation
involving the Company, including the proposed settlement of the legal actions
discussed in Note 23 in the Company's Annual Report on Form 10-K for the year
ended December 31, 2022, filed with the Securities and Exchange Commission on
March 8, 2023; (xii) the economic impact of exceptional weather occurrences such
as tornadoes, floods and blizzards; (xiii) potential adverse reactions or
changes to business or employee relationships, including those resulting from
the acquisition of Town and Country Financial Corporation ("Town and Country");
(xiv) the diversion of management time on transaction-related issues; (xv) the
ultimate timing, outcome and results of integrating the operations of Town and
Country into those of the Company; (xvi) the effects of the merger on the
Company's future financial condition, results of operations, strategy and plans;
and (xvii) the ability of the Company to manage the risks associated with the
foregoing. Readers should note that the forward-looking statements included in
this press release are not a guarantee of future events, and that actual events
may differ materially from those made in or suggested by the forward-looking
statements. Additional information concerning the Company and its business,
including additional factors that could materially affect the Company's
financial results, is included in the Company's filings with the Securities and
Exchange Commission.

Item 9.01. Financial Statements and Exhibits.

Exhibit Number Description of Exhibit

99.1             Unaudited Consolidated Financial Summary for the Fourth Quarter
               Ended and Year Ended December 31, 2022.

104            Cover Page Interactive Data File (embedded within the Inline XBRL
               document).