Hawthorn Bancshars (HWBK) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 28, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HWBK SEC filings page.
Hawthorn Bancshars Inc. (HWBK) reported $84.6M in revenue over the twelve months to Jun 30, 2026, up 12.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
FY2025 earnings recovered while capital strengthened faster than liabilities, but cash conversion lagged accounting profit as reinvestment absorbed more cash.
The FY2023 earnings trough did not bring a comparable cash-flow collapse: net income was$956K while operating cash flow was$17.6M . By FY2025, the cash-to-earnings relationship had normalized from1841.9% to113.1% , indicating that earlier profit weakness was unusually disconnected from cash generation and current earnings now convert more conventionally.
At FY2025 year-end, liabilities were
Revenue grew
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Hawthorn Bancshars Inc.'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 Bancshars Inc. earned a return on assets of 1.3% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 1.0% the prior year. Earnings ranks banks on that return over three years, and Hawthorn Bancshars Inc. scores 57/100 among other banks.
Hawthorn Bancshars Inc. reported revenue of $80.2M in fiscal year 2025, against $72.9M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Hawthorn Bancshars Inc. scores 57/100 among other banks.
Hawthorn Bancshars Inc. funded 9.2% of its assets with shareholders' equity at the end of fiscal year 2025, holding $174.2M of equity against $1.9B of assets. Capital ranks banks on that cushion, and Hawthorn Bancshars Inc. scores 23/100 among other banks.
Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Hawthorn Bancshars Inc. scores 36/100 on it among other banks.
Not available for Hawthorn Bancshars Inc., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Hawthorn Bancshars Inc. reported net income of $23.8M in fiscal year 2025, against $18.3M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Hawthorn Bancshars Inc. scores 32/100 among other banks.
Hawthorn Bancshars Inc. passes 6 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
Key Financial Metrics
Earnings & Revenue
Hawthorn Bancshars Inc. generated $22.6M in revenue in Q2 2026. This represents an increase of 15.0% from the same quarter a year earlier. Against the prior quarter it is up 12.0%.
Hawthorn Bancshars Inc. reported $7.3M in net income in Q2 2026. This represents an increase of 20.1% from the same quarter a year earlier. Against the prior quarter it is up 27.6%.
Hawthorn Bancshars Inc. earned $1.06 per diluted share (EPS) in Q2 2026. This represents an increase of 20.5% from the same quarter a year earlier. Against the prior quarter it is up 27.7%.
Not reported for Q2 2026.
Cash & Balance Sheet
Hawthorn Bancshars Inc. generated $9.5M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 86.9% from the same quarter a year earlier. Against the prior quarter it is up 56.4%.
Hawthorn Bancshars Inc. held $32.7M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Hawthorn Bancshars Inc. paid $0.21 per share in dividends in Q2 2026. This represents an increase of 5.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Hawthorn Bancshars Inc.'s net profit margin was 32.4% in Q2 2026, showing the share of revenue converted to profit. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.9 percentage points.
Hawthorn Bancshars Inc.'s quarterly ROE was 4.0% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Hawthorn Bancshars Inc. spent $4K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.8% from the same quarter a year earlier. Against the prior quarter it is down 99.0%.
Hawthorn Bancshars Inc. invested $637K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 2.3% from the same quarter a year earlier. Against the prior quarter it is down 66.0%.
Not reported for Q2 2026.
HWBK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.6M+15.0% | $20.2M+7.7% | $21.2M+12.2% | $20.6M+13.6% | $19.7M+8.4% | $18.8M+5.6% | $18.9M+4.8% | $18.1M+15.0% |
| Interest Expense | $7.1M-8.7% | $7.3M-10.7% | $7.7M-10.2% | $8.1M-14.3% | $7.8M-17.2% | $8.2M-12.3% | $8.6M-8.5% | $9.5M+8.6% |
| Income Tax | $1.6M+17.3% | $1.4M+14.5% | $1.4M+29.2% | $1.4M+29.3% | $1.4M+32.3% | $1.2M+25.6% | $1.1Mn/m | $1.1M+110.8% |
| Net Income | $7.3M+20.1% | $5.7M+6.7% | $6.2M+34.5% | $6.1M+34.1% | $6.1M+31.8% | $5.4M+20.8% | $4.6Mn/m | $4.6M+77.4% |
| EPS (Basic) | $1.06+20.5% | $0.83+7.8% | $0.90+36.4% | $0.89+34.8% | $0.88+33.3% | $0.77+22.2% | $0.66n/m | $0.66+83.3% |
| EPS (Diluted) | $1.06+20.5% | $0.83+7.8% | $0.90+36.4% | $0.88+33.3% | $0.88+33.3% | $0.77+22.2% | $0.66n/m | $0.66+83.3% |
| Diluted Shares (Avg) | 7M-0.6% | 7M-1.2% | N/A | 7M-0.9% | 7M-0.7% | 7M-0.5% | N/A | 7M-0.7% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
HWBK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.8B-5.6% | $1.9B-1.5% | $1.9B+3.8% | $1.9B+6.8% | $1.9B+1.6% | $1.9B+2.7% | $1.8B-2.7% | $1.8B-3.7% |
| Cash & Equivalents | $32.7M-67.4% | $101.9M-0.3% | $104.3M+104.6% | $99.9M+84.2% | $100.3M+32.2% | $102.3M+135.1% | $51.0M-45.4% | $54.2M+94.7% |
| Total Liabilities | $1.6B-7.6% | $1.7B-2.9% | $1.7B+2.7% | $1.8B+6.2% | $1.7B+0.6% | $1.7B+1.9% | $1.7B-3.7% | $1.7B-5.5% |
| Total Equity | $182.8M+16.6% | $175.4M+14.3% | $174.2M+16.5% | $164.9M+12.6% | $156.8M+13.4% | $153.4M+12.3% | $149.5M+9.9% | $146.5M+23.7% |
| Retained Earnings | $118.0M+20.1% | $112.2M+19.8% | $107.9M+20.5% | $103.1M+19.5% | $98.3M+18.4% | $93.6M+17.4% | $89.5M+17.1% | $86.3M+1.4% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
HWBK Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.2M+76.8% | $8.0M+39.0% | $15.1M+682.0% | $288K-96.8% | $5.8M-35.6% | $5.7M+2.3% | $1.9M-63.4% | $9.1M+101.4% |
| Depreciation & Amortization | $818K+280.5% | $439K-17.9% | $647K+114.2% | $541K+10.9% | $215K-53.5% | $535K+15.6% | $302K-50.2% | $488K-8.4% |
| Stock-Based Compensation | N/A | $122K+50.6% | N/A | N/A | N/A | $81K+179.3% | N/A | N/A |
| Capital Expenditures | $637K-2.3% | $1.9M+587.9% | $2.1M+128.8% | $1.0M+3.2% | $652K+21.2% | $272K-50.0% | $932K+30.7% | $990K+106.7% |
| Free Cash Flow | $9.5M+86.9% | $6.1M+11.7% | $13.0M+1195.6% | -$734K-109.0% | $5.1M-39.2% | $5.5M+8.0% | $1.0M-78.1% | $8.1M+100.7% |
| Investing Cash Flow | $17.3M+227.0% | $33.1Mn/m | $37.8Mn/m | -$43.9M-319.5% | $5.3M-58.4% | -$6.0Mn/m | -$18.5M-122.5% | $20.0M+39.8% |
| Financing Cash Flow | -$96.7Mn/m | -$43.4M-184.3% | -$48.5M-463.4% | $43.2Mn/m | -$13.0M-221.7% | $51.5Mn/m | $13.3Mn/m | -$50.8Mn/m |
| Dividends Paid | $1.4M+9.1% | $1.4M+4.1% | $1.4M+4.1% | $1.4M+4.4% | $1.3M+11.2% | $1.3M+10.9% | $1.3M+10.9% | $1.3M+15.5% |
| Share Buybacks | -$4K-99.8% | $400K-9.1% | $331K+2446.2% | $308K+208.0% | $1.8M+201.0% | $440K+6.3% | $13Kn/m | $100Kn/m |
HWBK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 32.4%+1.4pp | 28.4%-0.3pp | 29.2%+4.9pp | 29.8%+4.5pp | 31.0%+5.5pp | 28.7%+3.6pp | 24.4%+65.7pp | 25.3%+8.9pp |
| Return on Equity | 4.0%+0.1pp | 3.3%-0.2pp | 3.5%+0.5pp | 3.7%+0.6pp | 3.9%+0.5pp | 3.5%+0.3pp | 3.1%+8.5pp | 3.1%+0.9pp |
| Return on Assets | 0.4%+0.1pp | 0.3%0.0pp | 0.3%+0.1pp | 0.3%+0.1pp | 0.3%+0.1pp | 0.3%+0.1pp | 0.3%+0.7pp | 0.3%+0.1pp |
| Liabilities-to-Equity | 8.70-2.3x | 9.58-1.7x | 9.88-1.3x | 10.71-0.6x | 10.97-1.4x | 11.28-1.1x | 11.20-1.6x | 11.36-3.5x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
| FCF Margin | 42.1%+16.2pp | 30.2%+1.1pp | 61.5%+56.1pp | -3.6%-48.5pp | 25.9%-20.3pp | 29.1%+0.7pp | 5.3%-20.1pp | 44.9%+19.2pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, Debt-to-Equity.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Hawthorn Bancshars Inc. HWBK | FY2025 | $80.2M | $23.8M | 29.7% | $286.6M | 41/100 |
| Western New England Bancorp, Inc. WNEB | FY2025 | $82.6M | $15.3M | 18.5% | $275.6M | 38/100 |
| LCNB Corporation LCNB | FY2025 | $92.0M | $23.1M | 25.1% | $280.0M | 54/100 |
| C&F Financial Corp CFFI | FY2025 | $140.8M | $26.8M | 19.1% | $356.7M | 45/100 |
| Investar Holding Corporation ISTR | FY2025 | $93.6M | $22.9M | 24.5% | $381.1M | 41/100 |
Where Hawthorn Bancshars Inc. Ranks
Frequently Asked Questions
What is Hawthorn Bancshars Inc.'s annual revenue?
Hawthorn Bancshars Inc. (HWBK) reported $80.2M in total revenue for fiscal year 2025. This represents a 10.0% 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 Bancshars Inc.'s revenue growing?
Hawthorn Bancshars Inc. (HWBK) revenue grew by 10.0% year-over-year, from $72.9M to $80.2M in fiscal year 2025.
Is Hawthorn Bancshars Inc. profitable?
Yes, Hawthorn Bancshars Inc. (HWBK) reported a net income of $25.4M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $23.8M, with a net profit margin of 29.7%.
What is Hawthorn Bancshars Inc.'s net profit margin?
Hawthorn Bancshars Inc. (HWBK) had a net profit margin of 29.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Hawthorn Bancshars Inc.'s return on equity (ROE)?
Hawthorn Bancshars Inc. (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 Bancshars Inc.'s free cash flow?
Hawthorn Bancshars Inc. (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 Bancshars Inc.'s operating cash flow?
Hawthorn Bancshars Inc. (HWBK) generated $26.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Hawthorn Bancshars Inc.'s total assets?
Hawthorn Bancshars Inc. (HWBK) had $1.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Hawthorn Bancshars Inc.'s capital expenditures?
Hawthorn Bancshars Inc. (HWBK) invested $4.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Hawthorn Bancshars Inc.'s liabilities-to-equity ratio?
Hawthorn Bancshars Inc. (HWBK) had a liabilities-to-equity ratio of 9.88 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Hawthorn Bancshars Inc.'s return on assets (ROA)?
Hawthorn Bancshars Inc. (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 Bancshars Inc.'s P/E ratio?
Hawthorn Bancshars Inc. (HWBK) trades at 11.3x earnings, its market capitalization divided by $25.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $286.6M as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Hawthorn Bancshars Inc.'s price-to-sales ratio?
Hawthorn Bancshars Inc. (HWBK) trades at 3.4x sales, its market capitalization divided by $84.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $286.6M as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Hawthorn Bancshars Inc.'s Piotroski F-Score?
Hawthorn Bancshars Inc. (HWBK) has a Piotroski F-Score of 6 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.
How financially healthy is Hawthorn Bancshars Inc.?
Hawthorn Bancshars Inc. (HWBK) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is the average of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Hawthorn Bancshars Inc. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.