Hawthorn Banc - HWBK STOCK NEWS

Hawthorn Bancshares (NASDAQ: HWBK) reported Q4 2024 net income of $4.6 million ($0.66 per diluted share) and full-year 2024 net income of $18.3 million ($2.61 per diluted share). The company showed improved performance with net interest margin increasing to 3.55% in Q4 from 3.36% in Q3 2024.

Key financial metrics include: investments increased by $14.8 million (7.1%) quarter-over-quarter and $28.8 million (14.7%) year-over-year; deposits increased by $29.7 million (2.0%) from Q3 but decreased $37.7 million (2.4%) year-over-year; loans decreased $73.0 million (4.7%) compared to 2023. Credit quality remained strong with non-performing loans to total loans improving to 0.19% from 0.42% in 2023.

The company maintained strong capital position with total risk-based capital of 14.79% and announced a quarterly cash dividend of $0.19 per share payable April 1, 2025.

Hawthorn Bancshares (NASDAQ: HWBK) reported Q3 2024 net income of $4.6 million, or $0.66 per diluted share, representing a 77% increase from Q3 2023. The company's net interest margin improved to 3.36%, while maintaining strong credit quality with non-performing loans at 0.28% of total loans. Total assets reached $1.81 billion, with loans decreasing by 2.1% and deposits declining by 3.0% compared to the previous quarter. Book value per share increased 24% year-over-year to $20.91, and the company remained well-capitalized with a total risk-based capital ratio of 14.91%.

Hawthorn Bancshares (NASDAQ: HWBK) has declared a quarterly cash dividend of $0.19 per common share. The dividend will be paid on January 1, 2025, to shareholders who are recorded as owners at the close of business on December 15, 2024. This announcement follows the approval from the company's Board of Directors.

Bob Regnier has joined the Board of Directors of Hawthorn Bank and its parent company Hawthorn Bancshares, Inc. (Nasdaq: HWBK) as an advisory member. This strategic move aims to enhance Hawthorn Bank's presence in the Kansas City metro area. Regnier, known for his expertise in community banking, will provide strategic advice and help expand the bank's relationships and influence.

CEO Brent Giles expressed enthusiasm about Regnier's addition, citing his extraordinary banking skills and community engagement. The collaboration builds on a long-standing professional relationship between Giles and Regnier, who both led successful community banks in the Kansas City area. This partnership aligns with Hawthorn Bank's recent expansion, including the opening of a new banking center in Clay County serving the Kansas City Northland.

Hawthorn Bancshares (NASDAQ: HWBK) reported second quarter 2024 net income of $4.6 million and earnings per diluted share (EPS) of $0.66, an improvement from the first quarter. Key highlights include:

- Net interest margin (FTE) of 3.33%
- Return on average assets and equity of 1.02% and 13.75%, respectively
- Loans decreased 1.3% to $1.5 billion
- Deposits increased 1.5% to $1.55 billion
- Non-performing loans to total loans ratio of 0.30%
- Book value increased 1.8% to $19.76 per share

The company maintained strong credit quality and a 'well capitalized' regulatory position. A quarterly cash dividend of $0.19 per share was approved for Q3 2024.

Hawthorn Bancshares (NASDAQ: HWBK) has announced a quarterly cash dividend of $0.19 per common share. The dividend is set to be paid on October 1, 2024, to shareholders of record at the close of business on September 15, 2024. This announcement demonstrates the company's commitment to returning value to its shareholders and maintaining a consistent dividend policy. The Board of Directors' approval of this dividend reflects confidence in Hawthorn Bancshares' financial stability and ongoing performance.

Hawthorn Bancshares (NASDAQ: HWBK) announced the re-election of four Class II directors at its June 4, 2024 Annual Meeting. Frank E. Burkhead, Brent M. Giles, Jonathan L. States, and Gus S. Wetzel, III will continue to serve three-year terms expiring in 2027. Mr. Burkhead has been a director since 2014, Mr. Giles since 2023 (also CEO), Mr. States since 2022, and Mr. Wetzel since 2018.

The 12-member board also includes Gregg A. Bexten, Kathleen L. Bruegenhemke, Douglas T. Eden, Philip D. Freeman, Shawna M. Hettinger, Jonathan D. Holtaway, Kevin L. Riley, and David T. Turner. Additionally, the advisory directorate comprises Charles G. Dudenhoeffer and Dr. Gus S. Wetzel, II.

Shareholders approved FORVIS, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, and also approved the advisory vote on executive compensation.