Hawthorn Banc Financials
This page shows Hawthorn Banc (HWBK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Hawthorn’s earnings recovery reflects a bank that absorbed a funding-cost shock while rebuilding capital and liquidity.
FY2023’s near-break-even result looks less like a revenue problem than a funding-cost squeeze: interest expense jumped from$10.5M to$32.8M even as revenue kept rising. By FY2025, ROA recovery to1.3% alongside debt-to-equity easing to 9.9x shows the rebound came with a thicker equity cushion, not just renewed balance-sheet stretch.
Cash generation stayed sturdier than reported earnings during the trough: FY2023 produced
This is a balance-sheet-heavy business, so return metrics matter more than simple top-line growth: ROE was
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Hawthorn Banc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Hawthorn Banc's revenue grew a modest 2.4% year-over-year to $97.7M. This slow but positive growth earns a score of 38/100.
Hawthorn Banc has elevated debt relative to equity (D/E of 9.88), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Hawthorn Banc converts 23.4% of revenue into free cash flow ($22.8M). This strong cash generation earns a score of 80/100.
Hawthorn Banc's ROE of 13.7% shows moderate profitability relative to equity, earning a score of 35/100. This is up from 12.2% the prior year.
Hawthorn Banc passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Hawthorn Banc generates $1.13 in operating cash flow ($26.9M OCF vs $23.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Hawthorn Banc generated $97.7M in revenue in fiscal year 2025. This represents an increase of 2.4% from the prior year.
Hawthorn Banc reported $23.8M in net income in fiscal year 2025. This represents an increase of 30.4% from the prior year.
Hawthorn Banc earned $3.43 per diluted share (EPS) in fiscal year 2025. This represents an increase of 31.4% from the prior year.
Cash & Balance Sheet
Hawthorn Banc generated $22.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 1.1% from the prior year.
Hawthorn Banc held $104.3M in cash against $0 in long-term debt as of fiscal year 2025.
Hawthorn Banc had 7M shares outstanding in fiscal year 2025. This represents a decrease of 1.3% from the prior year.
Margins & Returns
Hawthorn Banc's net profit margin was 24.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.2 percentage points from the prior year.
Hawthorn Banc's ROE was 13.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the prior year.
Capital Allocation
Hawthorn Banc spent $2.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 155.7% from the prior year.
Hawthorn Banc invested $4.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 35.8% from the prior year.
HWBK Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.4M-3.5% | $25.3M+1.1% | $25.0M+4.6% | $23.9M+1.9% | $23.5M-1.9% | $23.9M+0.4% | $23.8M+1.1% | $23.6M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $6.8M-2.9% | $7.0M-2.6% | $7.2M+7.5% | $6.7M-3.0% | $6.9M+5.0% | $6.6M+0.7% | $6.5M-2.8% | $6.7M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $7.3M-5.4% | $7.7M-5.3% | $8.1M+4.7% | $7.8M-4.8% | $8.2M-69.9% | $27.1M+21417.5% | $126K-41.7% | $216K |
| Income Tax | $1.4M+2.1% | $1.4M+0.1% | $1.4M-0.7% | $1.4M+12.7% | $1.2M+15.2% | $1.1M+0.3% | $1.1M+1.6% | $1.0M |
| Net Income | $5.7M-7.1% | $6.2M+0.9% | $6.1M+0.5% | $6.1M+13.3% | $5.4M+17.1% | $4.6M+0.5% | $4.6M-1.2% | $4.6M |
| EPS (Diluted) | $0.83 | N/A | $0.880.0% | $0.88+14.3% | $0.77 | N/A | $0.660.0% | $0.66 |
HWBK Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.9B-2.1% | $1.9B-1.9% | $1.9B+2.9% | $1.9B-0.3% | $1.9B+3.2% | $1.8B+0.9% | $1.8B-2.1% | $1.8B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $101.9M-2.3% | $104.3M+4.4% | $99.9M-0.4% | $100.3M-1.9% | $102.3M+100.5% | $51.0M-6.0% | $54.2M-28.5% | $75.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.7B-2.3% | $1.7B-2.6% | $1.8B+2.7% | $1.7B-0.5% | $1.7B+3.2% | $1.7B+0.7% | $1.7B-2.7% | $1.7B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $175.4M+0.7% | $174.2M+5.6% | $164.9M+5.2% | $156.8M+2.2% | $153.4M+2.6% | $149.5M+2.1% | $146.5M+6.0% | $138.2M |
| Retained Earnings | $112.2M+4.0% | $107.9M+4.7% | $103.1M+4.8% | $98.3M+5.0% | $93.6M+4.5% | $89.5M+3.8% | $86.3M+3.9% | $83.0M |
HWBK Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.0M-47.4% | $15.1M+5156.9% | $288K-95.0% | $5.8M+0.4% | $5.7M+196.2% | $1.9M-78.8% | $9.1M+2.1% | $8.9M |
| Capital Expenditures | $1.9M-12.2% | $2.1M+108.6% | $1.0M+56.7% | $652K+139.7% | $272K-70.8% | $932K-5.9% | $990K+84.0% | $538K |
| Free Cash Flow | $6.1M-53.1% | $13.0M+1872.2% | -$734K-114.4% | $5.1M-6.5% | $5.5M+444.0% | $1.0M-87.7% | $8.1M-3.2% | $8.4M |
| Investing Cash Flow | $33.1M-12.5% | $37.8M+186.0% | -$43.9M-930.2% | $5.3M+188.4% | -$6.0M+67.7% | -$18.5M-192.5% | $20.0M+57.3% | $12.7M |
| Financing Cash Flow | -$43.4M+10.4% | -$48.5M-212.1% | $43.2M+432.2% | -$13.0M-125.3% | $51.5M+286.2% | $13.3M+126.3% | -$50.8M-574.7% | $10.7M |
| Dividends Paid | $1.4M+0.1% | $1.4M-0.4% | $1.4M+4.5% | $1.3M0.0% | $1.3M+0.1% | $1.3M-0.2% | $1.3M+11.3% | $1.2M |
| Share Buybacks | $400K+20.8% | $331K+7.5% | $308K-82.7% | $1.8M+305.0% | $440K+3284.6% | $13K-87.0% | $100K-83.1% | $592K |
HWBK Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 23.5%-0.9pp | 24.5%-0.1pp | 24.5%-1.0pp | 25.5%+2.6pp | 22.9%+3.7pp | 19.2%+0.0pp | 19.2%-0.5pp | 19.7% |
| Return on Equity | 3.3%-0.3pp | 3.5%-0.2pp | 3.7%-0.2pp | 3.9%+0.4pp | 3.5%+0.4pp | 3.1%-0.0pp | 3.1%-0.2pp | 3.4% |
| Return on Assets | 0.3%-0.0pp | 0.3%0.0pp | 0.3%0.0pp | 0.3%+0.0pp | 0.3%+0.0pp | 0.3%0.0pp | 0.3%0.0pp | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 9.58-0.3 | 9.88-0.8 | 10.71-0.3 | 10.97-0.3 | 11.28+0.1 | 11.20-0.2 | 11.36-1.0 | 12.37 |
| FCF Margin | 25.0%-26.4pp | 51.4%+54.4pp | -2.9%-24.3pp | 21.3%-1.9pp | 23.3%+19.1pp | 4.2%-29.9pp | 34.1%-1.5pp | 35.6% |
Similar Companies
Frequently Asked Questions
What is Hawthorn Banc's annual revenue?
Hawthorn Banc (HWBK) reported $97.7M in total revenue for fiscal year 2025. This represents a 2.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Hawthorn Banc's revenue growing?
Hawthorn Banc (HWBK) revenue grew by 2.4% year-over-year, from $95.4M to $97.7M in fiscal year 2025.
Is Hawthorn Banc profitable?
Yes, Hawthorn Banc (HWBK) reported a net income of $23.8M in fiscal year 2025, with a net profit margin of 24.4%.
What is Hawthorn Banc's net profit margin?
Hawthorn Banc (HWBK) had a net profit margin of 24.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Hawthorn Banc's return on equity (ROE)?
Hawthorn Banc (HWBK) has a return on equity of 13.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Hawthorn Banc's free cash flow?
Hawthorn Banc (HWBK) generated $22.8M in free cash flow during fiscal year 2025. This represents a 1.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Hawthorn Banc's operating cash flow?
Hawthorn Banc (HWBK) generated $26.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Hawthorn Banc's total assets?
Hawthorn Banc (HWBK) had $1.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Hawthorn Banc's capital expenditures?
Hawthorn Banc (HWBK) invested $4.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Hawthorn Banc's debt-to-equity ratio?
Hawthorn Banc (HWBK) had a debt-to-equity ratio of 9.88 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hawthorn Banc's return on assets (ROA)?
Hawthorn Banc (HWBK) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Hawthorn Banc's Piotroski F-Score?
Hawthorn Banc (HWBK) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Hawthorn Banc's earnings high quality?
Hawthorn Banc (HWBK) has an earnings quality ratio of 1.13x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Hawthorn Banc?
Hawthorn Banc (HWBK) scores 26 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.