Hawthorn Bancshares Reports Second Quarter 2025 Results
Hawthorn Bancshares (NASDAQ: HWBK) reported strong Q2 2025 financial results with net income of $6.1 million, or $0.88 per diluted share, marking a 31.8% increase from Q2 2024. The bank demonstrated improved performance with a net interest margin of 3.89% and an enhanced efficiency ratio of 62.32%.
Key metrics include a return on average assets of 1.36% and return on equity of 15.85%. The bank maintained strong credit quality with non-performing assets to total loans at 0.35% and remained well-capitalized with a total risk-based capital ratio of 15.12%. Book value per share increased 14.3% year-over-year to $22.53.
The bank's balance sheet showed total assets of $1.88 billion, with loans at $1.46 billion and deposits at $1.52 billion. The Board approved a quarterly cash dividend of $0.20 per share and authorized a $10 million share repurchase program.
Hawthorn Bancshares (NASDAQ: HWBK) ha riportato solidi risultati finanziari nel secondo trimestre del 2025, con un utile netto di 6,1 milioni di dollari, pari a 0,88 dollari per azione diluita, segnando un aumento del 31,8% rispetto al secondo trimestre del 2024. La banca ha mostrato un miglioramento delle performance con un margine di interesse netto del 3,89% e un rapporto di efficienza migliorato al 62,32%.
I principali indicatori includono un rendimento medio delle attività dell'1,36% e un rendimento del capitale proprio del 15,85%. La banca ha mantenuto una solida qualità del credito con attività non performanti sul totale prestiti allo 0,35% e si è confermata ben capitalizzata con un rapporto totale di capitale basato sul rischio del 15,12%. Il valore contabile per azione è aumentato del 14,3% su base annua, raggiungendo 22,53 dollari.
Lo stato patrimoniale della banca ha mostrato attività totali per 1,88 miliardi di dollari, con prestiti pari a 1,46 miliardi e depositi a 1,52 miliardi. Il Consiglio di Amministrazione ha approvato un dividendo trimestrale in contanti di 0,20 dollari per azione e ha autorizzato un programma di riacquisto azionario da 10 milioni di dollari.
Hawthorn Bancshares (NASDAQ: HWBK) reportó sólidos resultados financieros en el segundo trimestre de 2025 con un ingreso neto de 6.1 millones de dólares, o 0.88 dólares por acción diluida, lo que representa un aumento del 31.8% respecto al segundo trimestre de 2024. El banco mostró un mejor desempeño con un margen neto de interés del 3.89% y una ratio de eficiencia mejorada del 62.32%.
Las métricas clave incluyen un retorno sobre activos promedio del 1.36% y un retorno sobre patrimonio del 15.85%. El banco mantuvo una fuerte calidad crediticia con activos no productivos sobre préstamos totales en 0.35% y se mantuvo bien capitalizado con un ratio total de capital basado en riesgos del 15.12%. El valor en libros por acción aumentó un 14.3% interanual hasta 22.53 dólares.
El balance del banco mostró activos totales de 1.88 mil millones de dólares, con préstamos por 1.46 mil millones y depósitos por 1.52 mil millones. La Junta aprobó un dividendo trimestral en efectivo de 0.20 dólares por acción y autorizó un programa de recompra de acciones por 10 millones de dólares.
호손 뱅크셰어즈 (NASDAQ: HWBK)는 2025년 2분기에 순이익 610만 달러 또는 희석 주당 0.88달러를 기록하며 2024년 2분기 대비 31.8% 증가한 강력한 재무 실적을 보고했습니다. 은행은 순이자마진 3.89%와 개선된 효율성 비율 62.32%를 보여 성과가 향상되었습니다.
주요 지표로는 평균 자산 수익률 1.36%와 자기자본 이익률 15.85%가 포함됩니다. 은행은 총 대출 대비 부실 자산 비율 0.35%로 우수한 신용 품질을 유지했으며, 총 위험기반 자본 비율 15.12%로 자본도 안정적이었습니다. 주당 장부 가치는 전년 대비 14.3% 상승한 22.53달러였습니다.
은행의 대차대조표는 총 자산 18억 8천만 달러, 대출 14억 6천만 달러, 예금 15억 2천만 달러를 기록했습니다. 이사회는 주당 0.20달러의 분기 현금 배당을 승인하고 1천만 달러 규모의 자사주 매입 프로그램을 승인했습니다.
Hawthorn Bancshares (NASDAQ : HWBK) a annoncé de solides résultats financiers pour le deuxième trimestre 2025 avec un revenu net de 6,1 millions de dollars, soit 0,88 dollar par action diluée, enregistrant une hausse de 31,8 % par rapport au deuxième trimestre 2024. La banque a affiché une meilleure performance avec une marge nette d'intérêt de 3,89 % et un ratio d'efficacité amélioré à 62,32 %.
Les indicateurs clés comprennent un rendement moyen des actifs de 1,36 % et un rendement des capitaux propres de 15,85 %. La banque a maintenu une bonne qualité de crédit avec des actifs non performants représentant 0,35 % du total des prêts et est restée bien capitalisée avec un ratio de capital total pondéré en fonction des risques de 15,12 %. La valeur comptable par action a augmenté de 14,3 % en glissement annuel pour atteindre 22,53 dollars.
Le bilan de la banque affichait un total d'actifs de 1,88 milliard de dollars, avec des prêts à 1,46 milliard et des dépôts à 1,52 milliard. Le conseil d'administration a approuvé un dividende trimestriel en espèces de 0,20 dollar par action et a autorisé un programme de rachat d'actions de 10 millions de dollars.
Hawthorn Bancshares (NASDAQ: HWBK) meldete starke Finanzergebnisse für das zweite Quartal 2025 mit einem Nettogewinn von 6,1 Millionen US-Dollar bzw. 0,88 US-Dollar je verwässerter Aktie, was einer Steigerung von 31,8 % gegenüber dem zweiten Quartal 2024 entspricht. Die Bank zeigte eine verbesserte Leistung mit einer Nettozinsmarge von 3,89 % und einem verbesserten Effizienzverhältnis von 62,32 %.
Wichtige Kennzahlen sind eine Rendite auf das durchschnittliche Vermögen von 1,36 % und eine Eigenkapitalrendite von 15,85 %. Die Bank behielt eine starke Kreditqualität bei, mit notleidenden Vermögenswerten im Verhältnis zu den Gesamtforderungen von 0,35 % und war mit einer risikobasierten Gesamtkapitalquote von 15,12 % gut kapitalisiert. Der Buchwert je Aktie stieg im Jahresvergleich um 14,3 % auf 22,53 US-Dollar.
Die Bilanz der Bank zeigte Gesamtvermögen von 1,88 Milliarden US-Dollar, Kredite in Höhe von 1,46 Milliarden und Einlagen von 1,52 Milliarden US-Dollar. Der Vorstand genehmigte eine vierteljährliche Bardividende von 0,20 US-Dollar je Aktie und autorisierte ein Aktienrückkaufprogramm im Umfang von 10 Millionen US-Dollar.
- Net income increased 31.8% year-over-year to $6.1 million
- Net interest margin improved to 3.89% from 3.33% year-over-year
- Efficiency ratio improved to 62.32% from 66.24% year-over-year
- Book value per share increased 14.3% to $22.53
- Strong capital position with 15.12% total risk-based capital ratio
- Credit quality improved with non-performing assets ratio decreasing to 0.35% from 0.54%
- Loans decreased $7.4 million (0.5%) quarter-over-quarter
- Deposits declined $25.9 million (1.7%) quarter-over-quarter
- Non-performing assets increased to $5.2 million from $3.1 million in previous quarter
- Non-interest income decreased 11.3% year-over-year
Insights
Hawthorn's Q2 shows impressive 31.8% YoY profit growth with improved efficiency ratio and stable credit quality despite modest balance sheet contraction.
Hawthorn Bancshares delivered strong second quarter results with net income of
The bank's net interest margin showed meaningful expansion to
From a balance sheet perspective, Hawthorn experienced modest contraction with loans decreasing
Credit quality metrics remain strong and stable with non-performing assets to total loans at
Capital ratios demonstrate Hawthorn's solid financial foundation with total risk-based capital of
The return metrics are particularly noteworthy with return on average assets at
JEFFERSON CITY, Mo., July 30, 2025 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK), (the “Company”), the bank holding company for Hawthorn Bank, reported second quarter 2025 net income of
Second Quarter 2025 Results
- Net income improved
$1.5 million , or31.8% , to$6.1 million from the second quarter 2024 (the "prior year quarter") and the efficiency ratio improved to62.32% compared to66.24% for the prior year quarter - EPS of
$0.88 , an improvement of$0.22 per share, or33% , from the prior year quarter - Net interest margin, fully taxable equivalent ("FTE") improved in the second quarter 2025 to
3.89% compared to3.67% for first quarter 2025 (the "prior quarter”) - Provision for credit losses were
$0.3 million higher than the prior quarter and$0.5 million lower than the prior year quarter - Return on average assets and equity of
1.36% and15.85% , respectively - Loans decreased
$7.4 million , or0.5% , and deposits decreased$25.9 million , or1.7% , compared to the prior quarter - Investments increased
$2.8 million , or1.2% , compared to the prior quarter - Credit quality remained strong with non-performing assets to total loans of
0.35% improving from0.54% in the prior year quarter - Remained well capitalized with total risk-based capital of
15.12% - Book Value per share increased
$2.83 to$22.53 , or14.3% , compared to the prior year quarter
Brent Giles, Chief Executive Officer of Hawthorn Bancshares, Inc. commented, “As a team, during the second quarter, I am proud of what we accomplished towards our strategic goals. The contributions across the Bank truly embodied our "One Hawthorn" spirit. I am also pleased with our financial results for the second quarter. Managing our net interest margin in highly competitive markets and controlling expenses were top initiatives during the quarter. Our strong results reflect the focus on these areas."
| (unaudited) | |||||||||||
| June 30, | March 31, | June 30, | |||||||||
| 2025 | 2025 | 2024 | |||||||||
| Balance sheet information | |||||||||||
| Total assets | $ | 1,877,417 | $ | 1,883,423 | $ | 1,847,810 | |||||
| Loans held for investment | 1,462,898 | 1,470,323 | 1,498,504 | ||||||||
| Investment securities | 229,392 | 226,581 | 191,159 | ||||||||
| Deposits | 1,517,986 | 1,543,888 | 1,550,250 | ||||||||
| Total stockholders’ equity | $ | 156,823 | $ | 153,411 | $ | 138,241 | |||||
| Market and per share data | |||||||||||
| Book value per share | $ | 22.53 | $ | 21.97 | $ | 19.71 | |||||
| Market price per share | $ | 29.14 | $ | 28.23 | $ | 19.80 | |||||
| Diluted earnings per share (QTR) | $ | 0.88 | $ | 0.77 | $ | 0.66 | |||||
Financial Results for the Second Quarter
Earnings
Net income for the second quarter 2025 was
Net income for the six months ended June 30, 2025 was
Net Interest Income and Net Interest Margin
Net interest income for the second quarter 2025 was
Interest income increased
The yield earned on average loans held for investment increased to
The average cost of deposits was
Non-interest Income
Total non-interest income for the second quarter 2025 was
Non-interest Expense
Total non-interest expense for the second quarter 2025 was
The second quarter 2025 efficiency ratio was
Loans
Loans held for investment decreased
Investments
Investments increased
Asset Quality
Non-performing assets to total loans was
In the second quarter 2025, the Company had net loan charge-offs of
The Company released provision for credit losses of
The allowance for credit losses at June 30, 2025 was
Deposits
Total deposits at June 30, 2025 were
Capital
The Company maintains its “well capitalized” regulatory capital position. At June 30, 2025, capital ratios were as follows: total risk-based capital to risk-weighted assets
Pursuant to the Company's Repurchase Plan, management is given discretion to determine the number and pricing of the shares to be purchased under the plan, as well as the timing of any such purchases. The Board Directors amended the plan on June 3, 2025 and approved increasing the authorized repurchase limit to
On July 30, 2025, the Company's Board of Directors approved a quarterly cash dividend of
[Tables follow]
| FINANCIAL SUMMARY (unaudited) | |||||||||||
| Three Months Ended | |||||||||||
| June 30, | March 31, | June 30, | |||||||||
| Statement of income information: | 2025 | 2025 | 2024 | ||||||||
| Total interest income | $ | 23,911 | $ | 23,458 | $ | 23,556 | |||||
| Total interest expense | 7,769 | 8,164 | 9,384 | ||||||||
| Net interest income | 16,142 | 15,294 | 14,172 | ||||||||
| (Release of) provision for credit losses | (51 | ) | (340 | ) | 457 | ||||||
| Non-interest income | 3,545 | 3,463 | 3,996 | ||||||||
| Investment securities (losses) gains, net | (1 | ) | (2 | ) | (15 | ) | |||||
| Non-interest expense | 12,269 | 12,499 | 12,034 | ||||||||
| Pre-tax income | 7,468 | 6,596 | 5,662 | ||||||||
| Income taxes | 1,367 | 1,213 | 1,033 | ||||||||
| Net income | $ | 6,101 | $ | 5,383 | $ | 4,629 | |||||
| Earnings per share: | |||||||||||
| Basic: | $ | 0.88 | $ | 0.77 | $ | 0.66 | |||||
| Diluted: | $ | 0.88 | $ | 0.77 | $ | 0.66 | |||||
| Six Months Ended | |||||||||||
| June 30, | |||||||||||
| Statement of income information: | 2025 | 2024 | |||||||||
| Total interest income | $ | 47,369 | $ | 47,608 | |||||||
| Total interest expense | 15,933 | 18,688 | |||||||||
| Net interest income | 31,436 | 28,920 | |||||||||
| (Release of) provision for credit losses | (391 | ) | 227 | ||||||||
| Non-interest income | 7,008 | 7,015 | |||||||||
| Investment securities losses, net | (3 | ) | (15 | ) | |||||||
| Non-interest expense | 24,768 | 24,609 | |||||||||
| Pre-tax income | 14,064 | 11,084 | |||||||||
| Income taxes | 2,580 | 1,999 | |||||||||
| Net income | $ | 11,484 | $ | 9,085 | |||||||
| Earnings per share: | |||||||||||
| Basic: | $ | 1.65 | $ | 1.29 | |||||||
| Diluted: | $ | 1.65 | $ | 1.29 | |||||||
| FINANCIAL SUMMARY (continued) (unaudited) | ||||||||||||||
| As of or for the three months ended | ||||||||||||||
| June 30, | March 31, | June 30, | ||||||||||||
| 2025 | 2025 | 2024 | ||||||||||||
| Performance Ratios | ||||||||||||||
| Return on average assets | 1.36 | % | 1.20 | % | 1.02 | % | ||||||||
| Return on average common equity | 15.85 | % | 14.29 | % | 13.75 | % | ||||||||
| Net interest margin (FTE) | 3.89 | % | 3.67 | % | 3.33 | % | ||||||||
| Efficiency ratio | 62.32 | % | 66.64 | % | 66.24 | % | ||||||||
| Asset Quality Ratios | ||||||||||||||
| Non-performing loans (a) | $ | 2,761 | $ | 2,461 | $ | 4,437 | ||||||||
| Non-performing assets | $ | 5,186 | $ | 3,129 | $ | 8,062 | ||||||||
| Net charge-offs | $ | 51 | $ | (18 | ) | $ | 1,977 | |||||||
| Net Charge-offs to Average Loans (b) | 0.01 | % | 0.00 | % | 0.53 | % | ||||||||
| Allowance for credit losses to total loans | 1.47 | % | 1.48 | % | 1.47 | % | ||||||||
| Non-performing loans to total loans | 0.19 | % | 0.17 | % | 0.30 | % | ||||||||
| Non-performing assets to loans | 0.35 | % | 0.21 | % | 0.54 | % | ||||||||
| Non-performing assets to total assets | 0.28 | % | 0.17 | % | 0.44 | % | ||||||||
| Allowance for credit losses on loans to non-performing loans | 781.24 | % | 885.01 | % | 495.38 | % | ||||||||
| Capital Ratios | ||||||||||||||
| Average stockholders' equity to average total assets | 8.56 | % | 8.42 | % | 7.40 | % | ||||||||
| Period-end stockholders' equity to period-end assets | 8.35 | % | 8.15 | % | 7.48 | % | ||||||||
| Total risk-based capital ratio | 15.12 | % | 14.94 | % | 14.30 | % | ||||||||
| Tier 1 risk-based capital ratio | 13.87 | % | 13.69 | % | 12.94 | % | ||||||||
| Common equity Tier 1 capital | 10.82 | % | 10.64 | % | 10.02 | % | ||||||||
| Tier 1 leverage ratio | 11.87 | % | 11.64 | % | 10.94 | % | ||||||||
| (a) Non-performing loans include loans 90-days past due and accruing and non-accrual loans. | ||||||||||||||
| (b) Annualized | ||||||||||||||
About Hawthorn Bancshares
Hawthorn Bancshares, Inc., a financial-bank holding company headquartered in Jefferson City, Missouri, is the parent company of Hawthorn Bank, which has served families and businesses for more than 150 years. Hawthorn Bank has multiple locations, including in the greater Kansas City metropolitan area, Jefferson City, Columbia, Springfield, and Clinton.
Contact:
Hawthorn Bancshares, Inc.
Brent M. Giles
Chief Executive Officer
TEL: 573.761.6100
www.HawthornBancshares.com
The financial results in this press release reflect preliminary, unaudited results, which are not final until the Company's Quarterly Report on Form 10-Q is filed. Statements made in this press release that suggest the Company's or management's intentions, hopes, beliefs, expectations, or predictions of the future include "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. It is important to note that actual results could differ materially from those projected in such forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in such forward-looking statements is contained from time to time in the Company's quarterly and annual reports filed with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this communication, and the Company disclaims any obligation to update any forward-looking statement or to publicly announce the results of any revisions to any of the forward-looking statements included herein, except as required by law.
FAQ
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