Hawthorn Bancshares Reports Third Quarter 2025 Results
Hawthorn Bancshares (NASDAQ: HWBK) reported third quarter 2025 net income of $6.1 million and diluted EPS of $0.88, up 34.1% and 33% year-over-year, respectively. Net interest margin (FTE) expanded to 3.97% while net interest income was $16.9 million for the quarter. Loans rose $51.1 million (3.5%) quarter-over-quarter to $1.514 billion and deposits increased $7.9 million (0.5%) to $1.526 billion. Non-performing assets were $7.3 million (0.48% of loans). Capital remained strong with total risk-based capital at 14.90%. Board approved a quarterly dividend of $0.20 per share and a $10 million repurchase authorization (≈$8.7 million available).
Hawthorn Bancshares (NASDAQ: HWBK) ha riportato nell'utile netto del terzo trimestre 2025 di $6.1 million e un utile per azione diluito di $0.88, in aumento rispettivamente del 34,1% e del 33% su base annua. Il margine di interesse netto (FTE) è aumentato al 3,97% mentre il reddito da interessi netti è stato di $16.9 million per il trimestre. I prestiti sono aumentati di $51.1 million (3,5%) rispetto al trimestre precedente a $1.514 billion e i depositi sono aumentati di $7.9 million (0,5%) a $1.526 billion. Le attività non performanti ammontavano a $7.3 million (0,48% dei prestiti). Il capitale si è mantenuto solido con un capitale basato sul rischio totale al 14,90%. Il consiglio ha approvato un dividendo trimestrale di $0.20 per azione e una autorizzazione di riacquisto di $10 million (circa $8,7 milioni disponibili).
Hawthorn Bancshares (NASDAQ: HWBK) informó una ganancia neta del tercer trimestre de 2025 de $6.1 million y un BPA diluido de $0.88, con aumentos interanuales del 34,1% y 33% respectivamente. El margen neto de interés (FTE) se expandió a 3,97% mientras el ingreso neto por intereses fue de $16.9 million para el trimestre. Los préstamos aumentaron $51.1 million (3,5%) inter trimestralmente a $1.514 billion y los depósitos subieron $7.9 million (0,5%) a $1.526 billion. Los activos no rentables eran $7.3 million (0,48% de los préstamos). El capital se mantuvo fuerte con un capital total basado en el riesgo en 14,90%. La Junta aprobó un dividendo trimestral de $0.20 por acción y una autorización de recompra de $10 million (≈$8.7 millones disponibles).
Hawthorn Bancshares (NASDAQ: HWBK)는 2025년 3분기 순이익을 $6.1 million으로 보고했으며 희석된 주당순이익은 $0.88로 YoY 각각 34.1%, 33% 증가했습니다. 순이자마진(FTE)은 3.97%로 확장했고 분기 순이자 수입은 $16.9 million였습니다. 대출은 분기 대비 $51.1 million 증가하여 $1.514 billion에 도달했고 예금은 $7.9 million (0.5%) 증가하여 $1.526 billion이 되었습니다. 부실자산은 $7.3 million으로 대출의 0.48%를 차지했습니다. 자본은 총 리스크 기반 자본이 14.90%로 여전히 건전했습니다. 이사회는 주당 배당금 $0.20 및 최대 $10 million의 자사주 매입승인을 승인했습니다(약 $8.7 million 가능).
Hawthorn Bancshares (NASDAQ: HWBK) a enregistré au troisième trimestre 2025 un résultat net de $6.1 million et un bénéfice par action dilué de $0.88, en hausse respectivement de 34,1 % et 33 % d'une année sur l'autre. La marge nette d'intérêt (FTE) s'est étendue à 3,97% tandis que le produit net des intérêts était de $16.9 million pour le trimestre. Les prêts ont augmenté de $51.1 million (3,5 %) trimestre sur trimestre pour atteindre $1.514 billion, et les dépôts ont augmenté de $7.9 million (0,5 %) pour atteindre $1.526 billion. Les actifs non performants s'élevaient à $7.3 million (0,48 % des prêts). Le capital est resté solide avec un capital total basé sur le risque à 14,90%. Le conseil d'administration a approuvé un dividende trimestriel de $0.20 par action et une autorisation de rachat de $10 million (environ $8.7 millions disponibles).
Hawthorn Bancshares (NASDAQ: HWBK) meldete für das dritte Quartal 2025 ein Nettogewinn von $6.1 million und einen verwässerten Gewinn pro Aktie von $0.88, jeweils um 34,1% bzw. 33% gegenüber dem Vorjahr gestiegen. Die Nettozinsmarge (FTE) expandierte auf 3,97%, während das Zinsnettoeinkommen für das Quartal $16.9 million betrug. Kredite stiegen um $51.1 million (3,5%) gegenüber dem Vorquartal auf $1.514 billion, und Einlagen erhöhten sich um $7.9 million (0,5%) auf $1.526 billion. Nicht-leitende Vermögenswerte betrugen $7.3 million (0,48% der Kredite). Das Kapital blieb stark, mit einer gesamten risikoabhängigen Kernkapitalquote von 14,90%. Der Vorstand genehmigte eine vierteljährliche Dividende von $0.20 pro Aktie und eine Rückkaufgenehmigung in Höhe von $10 million (ca. $8.7 million verfügbar).
Hawthorn Bancshares (NASDAQ: HWBK) أبلغت عن صافي دخل للربع الثالث من 2025 قدره $6.1 million وربح السهم المخفف بقيمة $0.88، بارتفاع 34.1% و33% على أساس سنوي، على التوالي. تحسن هامش الفائدة الصافي (FTE) إلى 3.97% بينما بلغ صافي دخل الفوائد للفصل $16.9 million. ارتفعت القروض بمقدار $51.1 million (3.5%) مقارنة بالربع السابق لتصل إلى $1.514 billion وزادت الودائع بمقدار $7.9 million (0.5%) لتصل إلى $1.526 billion. كانت الأصول غير العاملة $7.3 million (0.48% من القروض). ظل رأس المال قويًا مع رأس مال يعتمد على المخاطر الإجمالية عند 14.90%. وافق المجلس على توزيع أرباح ربع سنوي قدره $0.20 للسهم وتوجيه تفويض لإعادة شراء بقيمة $10 million (حوالي $8.7 million متاح).
- Net income +34.1% year-over-year to $6.1M
- Diluted EPS $0.88, up 33% year-over-year
- Net interest margin (FTE) improved to 3.97%
- Loans +$51.1M (3.5%) quarter-over-quarter
- Total risk-based capital ratio 14.90%
- Board approved $0.20 quarterly dividend
- Non-performing assets increased to $7.3M (0.48% of loans)
- Provision for credit losses $0.4M versus a $0.1M release prior quarter
- Allowance to non-performing loans fell to 446.02% from 781.24% prior quarter
Insights
Hawthorn delivered stronger Q3 2025 earnings, expanding margin and loans while staying well capitalized.
Hawthorn Bancshares produced
The company remains prudently capitalized with total risk‑based capital of
Watch the next two quarters for sequential trends in: loan growth and yields (loan balance and loan yield metrics), the allowance for credit losses relative to non‑performing loans, and quarterly provision and net charge‑off levels; also monitor announced dividend payment and remaining repurchase capacity through
JEFFERSON CITY, Mo., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK), (the “Company”), the bank holding company for Hawthorn Bank, reported third quarter 2025 net income of
Third Quarter 2025 Results
- Net income improved
$1.6 million , or34.1% , to$6.1 million from the third quarter 2024 (the "prior year quarter") and the efficiency ratio improved to62.30% compared to66.23% 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 third quarter 2025 to
3.97% compared to3.89% for second quarter 2025 (the "prior quarter”) and3.36% for the prior year quarter - Provision for credit losses was
$0.4 million higher than the prior quarter and$0.1 million lower than the prior year quarter - Return on average assets and equity of
1.33% and15.21% , respectively - Loans increased
$51.1 million , or3.5% , and deposits increased$7.9 million , or0.5% , compared to the prior quarter - Investments decreased
$3.4 million , or1.5% , compared to the prior quarter - Credit quality remained strong with non-performing assets to total loans of
0.48% improving from0.58% in the prior year quarter - Remained well capitalized with total risk-based capital of
14.90% - Book value per share was
$23.76 , an increase of$1.23 , or5.5% , compared to the prior quarter and$2.85 , or13.6% , compared to the prior year quarter
Brent Giles, Chief Executive Officer of Hawthorn Bancshares, Inc. commented, “I am pleased with our third quarter results as they reflect continued core growth. Our margin continued to expand, and we experienced growth in our wealth management group. Additionally, we were able to grow our loan portfolio by expanding our customer relationships and attracting new customers. The third quarter results reflect our focus on our strategic objectives which continues to create shareholder value."
(unaudited)
| September 30, | June 30, | September 30, | ||||||
| 2025 | 2025 | 2024 | ||||||
| Balance sheet information | ||||||||
| Total assets | $ | 1,932,105 | $ | 1,877,417 | $ | 1,809,769 | ||
| Loans held for investment | 1,514,002 | 1,462,898 | 1,466,751 | |||||
| Investment securities | 226,017 | 229,392 | 209,019 | |||||
| Deposits | 1,525,917 | 1,517,986 | 1,503,504 | |||||
| Total stockholders’ equity | 164,938 | 156,823 | 146,474 | |||||
| Market and per share data | ||||||||
| Book value per share | $ | 23.76 | $ | 22.53 | $ | 20.91 | ||
| Market price per share | 31.04 | 29.14 | 25.03 | |||||
| Diluted earnings per share (QTR) | 0.88 | 0.88 | 0.66 | |||||
Financial Results for the Third Quarter 2025
Earnings
Net income for the third quarter 2025 was
Net income for the nine months ended September 30, 2025 was
Net Interest Income and Net Interest Margin
Net interest income for the third 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 third quarter 2025 was
Non-interest Expense
Total non-interest expense for the third quarter 2025 was
The third quarter 2025 efficiency ratio was
Loans
Loans held for investment increased
Investments
Investments decreased
Asset Quality
Non-performing assets to total loans was
In the third quarter 2025, the Company had net loan charge-offs of
The Company provided provision for credit losses of
The allowance for credit losses at September 30, 2025 was
Deposits
Total deposits at September 30, 2025 were
Capital
The Company maintains its “well capitalized” regulatory capital position. At September 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 October 29, 2025, the Company's Board of Directors approved a quarterly cash dividend of
[Tables follow]
FINANCIAL SUMMARY
(unaudited)
| Three Months Ended | ||||||||||
| September 30, | June 30, | September 30, | ||||||||
| Statement of income information: | 2025 | 2025 | 2024 | |||||||
| Total interest income | $ | 25,003 | $ | 23,911 | $ | 23,819 | ||||
| Total interest expense | 8,138 | 7,769 | 9,492 | |||||||
| Net interest income | 16,865 | 16,142 | 14,327 | |||||||
| Provision for (release of) credit losses | 375 | (51 | ) | 500 | ||||||
| Non-interest income | 3,716 | 3,545 | 3,783 | |||||||
| Investment securities gains (losses), net | 105 | (1 | ) | 8 | ||||||
| Non-interest expense | 12,821 | 12,269 | 11,994 | |||||||
| Pre-tax income | 7,490 | 7,468 | 5,624 | |||||||
| Income taxes | 1,358 | 1,367 | 1,050 | |||||||
| Net income | $ | 6,132 | $ | 6,101 | $ | 4,574 | ||||
| Earnings per share: | ||||||||||
| Basic: | $ | 0.89 | $ | 0.88 | $ | 0.66 | ||||
| Diluted: | $ | 0.88 | $ | 0.88 | $ | 0.66 | ||||
| Nine Months Ended | ||||||||||
| September 30, | ||||||||||
| Statement of income information: | 2025 | 2024 | ||||||||
| Total interest income | $ | 72,372 | $ | 71,427 | ||||||
| Total interest expense | 24,071 | 28,181 | ||||||||
| Net interest income | 48,301 | 43,246 | ||||||||
| (Release of) provision for credit losses | (16 | ) | 726 | |||||||
| Non-interest income | 10,724 | 10,798 | ||||||||
| Investment securities gains (losses), net | 102 | (7 | ) | |||||||
| Non-interest expense | 37,589 | 36,603 | ||||||||
| Pre-tax income | 21,554 | 16,708 | ||||||||
| Income taxes | 3,938 | 3,049 | ||||||||
| Net income | $ | 17,616 | $ | 13,659 | ||||||
| Earnings per share: | ||||||||||
| Basic: | $ | 2.54 | $ | 1.95 | ||||||
| Diluted: | $ | 2.53 | $ | 1.95 | ||||||
FINANCIAL SUMMARY (continued)
(unaudited)
| As of or for the three months ended | |||||||||||
| September 30, | June 30, | September 30, | |||||||||
| 2025 | 2025 | 2024 | |||||||||
| Performance Ratios | |||||||||||
| Return on average assets | 1.33 | % | 1.36 | % | 1.00 | % | |||||
| Return on average common equity | 15.21 | 15.85 | 12.87 | ||||||||
| Net interest margin (FTE) | 3.97 | 3.89 | 3.36 | ||||||||
| Efficiency ratio | 62.30 | 62.32 | 66.23 | ||||||||
| Asset Quality Ratios | |||||||||||
| Non-performing loans (a) | $ | 4,911 | $ | 2,761 | $ | 4,066 | |||||
| Non-performing assets | 7,336 | 5,186 | 8,451 | ||||||||
| Net charge-offs | 41 | 51 | 636 | ||||||||
| Net charge-offs to average loans (b) | 0.01 | % | 0.01 | % | 0.17 | % | |||||
| Allowance for credit losses to total loans | 1.45 | 1.47 | 1.50 | ||||||||
| Non-performing loans to total loans | 0.32 | 0.19 | 0.28 | ||||||||
| Non-performing assets to loans | 0.48 | 0.35 | 0.58 | ||||||||
| Non-performing assets to total assets | 0.38 | 0.28 | 0.47 | ||||||||
| Allowance for credit losses on loans to non-performing loans | 446.02 | 781.24 | 539.52 | ||||||||
| Capital Ratios | |||||||||||
| Average stockholders' equity to average total assets | 8.74 | % | 8.56 | % | 7.80 | % | |||||
| Period-end stockholders' equity to period-end assets | 8.54 | 8.35 | 8.09 | ||||||||
| Total risk-based capital ratio | 14.90 | 15.12 | 14.91 | ||||||||
| Tier 1 risk-based capital ratio | 13.65 | 13.87 | 13.66 | ||||||||
| Common equity Tier 1 capital | 10.71 | 10.82 | 10.53 | ||||||||
| Tier 1 leverage ratio | 11.97 | 11.87 | 11.33 | ||||||||
(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 160 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
What were Hawthorn Bancshares (HWBK) Q3 2025 earnings and EPS?
How did Hawthorn's net interest margin (FTE) change in Q3 2025 for HWBK?
How much did Hawthorn (HWBK) loans grow in Q3 2025?
What dividend did Hawthorn Bancshares (HWBK) declare on October 29, 2025?
What is Hawthorn's capital position as of September 30, 2025 (HWBK)?
How much share repurchase capacity remains under Hawthorn's plan (HWBK)?
