Hawthorn Bancshares Reports Third Quarter 2026 Results
The completed FSC acquisition expanded loans and deposits, while acquisition expenses reached $2.0 million.
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Rhea-AI Summary
Hawthorn Bancshares (NASDAQ: HWBK) reported third-quarter 2026 net income of $7.1 million, up from a year earlier but below the prior quarter. Diluted earnings per share were $1.01, versus $0.88 a year earlier and $1.06 in the second quarter. Net interest income reached $19.3 million, and net interest margin on a tax-equivalent basis rose to 4.41%.
Hawthorn completed its FSC Bancshares acquisition on September 3, 2026, paying $17.0 million cash and issuing 413,042 shares. The acquisition mainly drove quarterly loan and deposit growth of 19.3% and 20.3%, respectively. Acquisition expenses totaled $2.0 million. The efficiency ratio worsened to 65.00%, while non-performing assets reached 0.59% of loans, versus 0.53% in June. Tangible book value per share fell to $23.58 from $26.51. Hawthorn remained well capitalized, with a total risk-based capital ratio of 14.29%.
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Positive
- Moderate pointThird-quarter net income rose 15.2% year over year to $7.1 million, but fell 3.6% sequentially.
- Moderate pointNet interest income reached $19.3 million, up $2.0 million sequentially and $2.4 million year over year.
- Moderate pointTax-equivalent net interest margin rose to 4.41%, versus 4.16% sequentially and 3.97% a year earlier.
- Moderate point. Forward-looking: it has not happened yet and may not happen.FSC acquisition completed September 3, 2026; Hawthorn expects its separate division to merge into Hawthorn Bank in March 2027.
- Moderate pointLoans rose 19.3% sequentially to $1.69 billion, mainly from FSC; year-over-year growth was 11.6%.
- Moderate pointDeposits rose 20.3% sequentially to $1.79 billion, mainly from the FSC acquisition.
- Moderate pointAdjusted, non-GAAP net income was $8.6 million; adjusted diluted EPS rose to $1.23 from $1.12 sequentially and $0.88 year over year.
- Moderate pointAdjusted, non-GAAP efficiency ratio improved to 55.64%, versus 58.27% sequentially and 62.30% a year earlier.
- Moderate pointBook value per share increased to $27.29, up 3.0% sequentially and 14.9% year over year.
- Moderate pointNine-month non-interest income increased to $12.180 million from $10.725 million a year earlier.
9 minor points
- Minor pointDiluted EPS reached $1.01, versus $0.88 a year earlier and $1.06 in the prior quarter.
- Minor pointTax-equivalent loan yield increased to 6.42%, versus 6.18% sequentially and 6.12% a year earlier.
- Minor pointAverage deposit cost was 2.13%, unchanged sequentially and below 2.36% a year earlier.
- Minor pointInvestments rose 17.7% sequentially to $277.9 million and 23.0% year over year, mainly from FSC.
- Minor pointQuarterly income taxes fell to $785,000, versus $1.604 million sequentially and $1.358 million a year earlier.
- Minor pointWell-capitalized status continued with a 14.29% total risk-based capital ratio, versus 16.40% sequentially and 14.90% a year earlier.
- Minor pointRepurchase authorization increased to $10 million in July; $10.0 million remained available at September 30.
- Minor pointNine-month net income increased to $20.131 million from $17.616 million; diluted EPS rose to $2.90 from $2.53.
- Minor pointNine-month net interest income increased to $53.650 million from $48.300 million a year earlier.
Negative
- Moderate pointFSC consideration required $17.0 million cash and 413,042 newly issued shares, diluting existing holders. 6% of market cap
- Moderate pointQuarterly non-interest expense rose 16.6% year over year to $14.9 million, including $2.0 million in acquisition expenses.
- Moderate pointEfficiency ratio worsened to 65.00%, versus 60.73% sequentially and 62.30% a year earlier.
- Moderate pointNon-performing assets rose to $9.929 million, versus $7.500 million sequentially and $7.336 million a year earlier.
- Moderate pointTangible book value per share fell to $23.58, versus $26.51 sequentially and $23.88 a year earlier.
- Moderate pointReturn on average common equity declined to 14.91%, versus 16.39% sequentially and 15.21% a year earlier.
- Moderate pointCommon equity Tier 1 capital ratio fell to 10.15%, versus 12.07% sequentially and 10.71% a year earlier.
9 minor points
- Minor pointNon-interest income fell 31.1% sequentially to $3.7 million, mainly because the prior quarter's office-sale gain did not recur.
- Minor pointNon-performing assets reached 0.59% of loans, versus 0.53% sequentially and 0.48% a year earlier.
- Minor pointLoan-loss allowance coverage fell to 248.71% of non-performing loans, versus 311.50% sequentially and 446.02% a year earlier.
- Minor pointNon-interest-bearing deposits fell to 26.6% of deposits, versus 28.0% in June and 27.8% a year earlier.
- Minor pointReturn on average assets was 1.48%, below 1.63% sequentially but above 1.33% a year earlier.
- Minor pointQuarterly credit-loss provision was $300,000, versus $238,000 sequentially and $375,000 a year earlier.
- Minor pointAnnualized net charge-offs were 0.02% of average loans, below 0.04% sequentially but above 0.01% a year earlier.
- Minor pointNine-month non-interest expense increased to $41.693 million from $37.589 million a year earlier.
- Minor pointNine-month credit-loss provision reached $611,000, versus a $16,000 release a year earlier.
News Explained
The dividend is a scheduled cash payment; the remaining buyback authority does not commit Hawthorn to further purchases.
In its third-quarter report, Hawthorn Bancshares said its board approved a
The company repurchased 12,000 common shares under its plan during the first nine months of 2026 for
Key Figures
- Net income
- $7.1 million; +15.2% YoY
- Third quarter 2026 versus third quarter 2025
- Diluted EPS
- $1.01; +15% YoY
- Third quarter 2026 versus prior year quarter
- Adjusted diluted EPS
- $1.23; +38.2%
- Third quarter 2026 versus prior year quarter
- Net interest margin
- 4.41%
- FTE basis; 4.16% in prior quarter and 3.97% in prior year quarter
- Efficiency ratio
- 65.00%
- Compared with 62.30% in prior year quarter
- Non-performing assets to total loans
- 0.59%
- At September 30, 2026; compared with 0.48% a year earlier
- Quarterly cash dividend
- $0.21 per common share
- Approved October 30, 2026; payable January 1, 2027
- FSC acquisition consideration
- $17.0 million cash and 413,042 shares
- Consideration paid under the merger agreement
Previous Earnings Reports
-
Q2 net income was $7.3 million and diluted EPS was $1.06; net interest margin reached 4.16%.
-
Q3 net income was $6.1 million and diluted EPS was $0.88; net interest margin was 3.97%.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
fully taxable equivalent financial
non-gaap financial measure financial
common equity tier 1 regulatory
non-accrual loans financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
JEFFERSON CITY, Mo., Oct. 30, 2026 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK), (the “Company”), the bank holding company for Hawthorn Bank, reported third quarter 2026 net income of
Third Quarter 2026 Results
- Net income improved
$0.9 million , or15.2% , to$7.1 million from the third quarter 2025 (the "prior year quarter"). Adjusted net income(a) for the third quarter 2026 was$8.6 million . The efficiency ratio was65.00% compared to62.30% for the prior year quarter. The adjusted efficiency ratio(a) for the third quarter 2026 was55.64% . - EPS of
$1.01 , an improvement of$0.13 per share, or15% , from the prior year quarter. Adjusted EPS(a) for the third quarter 2026 was$1.23 , an increase of38.2% over the prior year quarter. - Net interest margin, fully taxable equivalent ("FTE") improved in the third quarter 2026 to
4.41% compared to4.16% for the second quarter 2026 (the "prior quarter”) and3.97% for the prior year quarter - Provision for credit losses was
$0.1 million higher than the prior quarter - Return on average assets and equity of
1.48% and14.91% , respectively. Adjusted return on average assets(a) and equity(a) of1.80% and18.17% , respectively. - Loans increased
$273.8 million , or19.3% , and deposits increased$302.8 million , or20.3% , compared to the prior quarter, mainly due to acquisition of FSC Bancshares, Inc. - Investments increased
$41.7 million , or17.7% , compared to the prior quarter, mainly due to acquisition of FSC Bancshares, Inc. - Credit quality remained stable with non-performing assets to total loans of
0.59% compared to0.48% in the prior year quarter - Remained "well capitalized" with total risk-based capital of
14.29% - Book value per share was
$27.29 , an increase of$0.79 , or3.0% , compared to the prior quarter and$3.53 , or14.9% , compared to the prior year quarter. Tangible book value per common share(a) was$23.58 for the third quarter 2026.
| (a) | Represents a non-GAAP financial measure. See the "Non-GAAP Financial Measures" section for a reconciliation of this measure |
(unaudited)
| September 30, | June 30, | September 30, | ||||||
| 2026 | 2026 | 2025 | ||||||
| Balance sheet information | ||||||||
| Total assets | $ | 2,141,080 | $ | 1,773,040 | $ | 1,932,105 | ||
| Loans held for investment | 1,690,134 | 1,416,360 | 1,514,002 | |||||
| Investment securities | 277,904 | 236,171 | 226,017 | |||||
| Deposits | 1,790,950 | 1,488,189 | 1,525,917 | |||||
| Total stockholders’ equity | 191,040 | 182,794 | 164,938 | |||||
| Market and per share data | ||||||||
| Book value per share | $ | 27.29 | $ | 26.50 | $ | 23.76 | ||
| Tangible book value per share (a) | 23.58 | 26.51 | 23.88 | |||||
| Market price per share | 38.02 | 39.30 | 31.04 | |||||
| Diluted earnings per share (QTR) | 1.01 | 1.06 | 0.88 | |||||
| Adjusted diluted earnings per share (QTR) (a) | 1.23 | 1.12 | 0.88 | |||||
| (a) | Represents a non-GAAP financial measure. See the "Non-GAAP Financial Measures" section for a reconciliation of this measure |
Financial Results for the Third Quarter 2026
Earnings
Net income for the third quarter 2026 was
Net Interest Income and Net Interest Margin
Net interest income for the third quarter 2026 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 2026 was
Non-interest Expense
Total non-interest expense for the third quarter 2026 was
The third quarter 2026 efficiency ratio was
Acquisition related expenses for the third quarter 2026 was
Income Taxes
Total income tax provision expense for the third quarter 2026 was
Loans
Loans held for investment increased
Investments
Investments increased
Asset Quality
Non-performing assets to total loans was
In the third quarter 2026, the Company had net loan charge-offs of
The Company provided a provision for credit losses of
The allowance for credit losses at September 30, 2026 was
Deposits
Total deposits at September 30, 2026 were
Capital
The Company maintains its “well capitalized” regulatory capital position. At September 30, 2026, 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 of Directors amended the plan on July 29, 2026 to increase the authorized repurchase limit to
On October 30, 2026, the Company's Board of Directors approved a quarterly cash dividend of
Merger with FSC Bancshares, Inc.
On September 3, 2026, the Company completed its acquisition of FSC Bancshares, Inc. and its wholly owned subsidiary, Farmers State Bank (collectively, “FSC”) whereby FSC Bancshares, Inc. was merged with and into Hawthorn Bancshares, Inc. and Farmers State Bank was merged with and into Hawthorn Bank. Pursuant to the merger agreement executed on April 29, 2026, the Company paid
Farmers State Bank's results of operations were included in Hawthorn's consolidated results of operations beginning September 3, 2026. Hawthorn will operate Farmers State Bank as a separate division of Hawthorn Bank until it is merges with and into Hawthorn Bank, which is expected to occur in March 2027.
[Tables follow]
FINANCIAL SUMMARY
(unaudited)
| Three Months Ended | |||||||||
| September 30, | June 30, | September 30, | |||||||
| Statement of income information: | 2026 | 2026 | 2025 | ||||||
| Total interest income | $ | 26,774 | $ | 24,352 | $ | 25,003 | |||
| Total interest expense | 7,484 | 7,094 | 8,138 | ||||||
| Net interest income | 19,290 | 17,258 | 16,865 | ||||||
| Provision for credit losses | 300 | 238 | 375 | ||||||
| Non-interest income | 3,704 | 5,377 | 3,716 | ||||||
| Investment securities gains net | 98 | 280 | 105 | ||||||
| Non-interest expense | 14,945 | 13,747 | 12,821 | ||||||
| Pre-tax income | 7,847 | 8,930 | 7,490 | ||||||
| Income taxes | 785 | 1,604 | 1,358 | ||||||
| Net income | $ | 7,062 | $ | 7,326 | $ | 6,132 | |||
| Earnings per share: | |||||||||
| Basic: | $ | 1.01 | $ | 1.06 | $ | 0.89 | |||
| Adjusted basic (a): | $ | 1.23 | $ | 1.13 | $ | 0.89 | |||
| Diluted: | $ | 1.01 | $ | 1.06 | $ | 0.88 | |||
| Adjusted diluted (a): | $ | 1.23 | $ | 1.12 | $ | 0.88 | |||
| Nine Months Ended | |||||||||
| September 30, | |||||||||
| Statement of income information: | 2026 | 2025 | |||||||
| Total interest income | $ | 75,519 | $ | 72,372 | |||||
| Total interest expense | 21,869 | 24,072 | |||||||
| Net interest income | 53,650 | 48,300 | |||||||
| Provision for (release of) credit losses | 611 | (16 | ) | ||||||
| Non-interest income | 12,180 | 10,725 | |||||||
| Investment securities gains net | 383 | 102 | |||||||
| Non-interest expense | 41,693 | 37,589 | |||||||
| Pre-tax income | 23,909 | 21,554 | |||||||
| Income taxes | 3,778 | 3,938 | |||||||
| Net income | $ | 20,131 | $ | 17,616 | |||||
| Earnings per share: | |||||||||
| Basic: | $ | 2.90 | $ | 2.54 | |||||
| Adjusted basic (a): | $ | 3.20 | $ | 2.54 | |||||
| Diluted: | $ | 2.90 | $ | 2.53 | |||||
| Adjusted diluted (a): | $ | 3.20 | $ | 2.53 | |||||
| (a) | Represents a non-GAAP financial measure. See the "Non-GAAP Financial Measures" section for a reconciliation of this measure |
FINANCIAL SUMMARY (continued)
(unaudited)
| As of or for the three months ended | |||||||||||
| September 30, | June 30, | September 30, | |||||||||
| 2026 | 2026 | 2025 | |||||||||
| Performance Ratios | |||||||||||
| Return on average assets | 1.48 | % | 1.63 | % | 1.33 | % | |||||
| Adjusted return on average assets (c) | 1.80 | 1.73 | 1.33 | ||||||||
| Return on average common equity | 14.91 | 16.39 | 15.21 | ||||||||
| Adjusted return on average common equity (c) | 18.17 | 17.38 | 15.21 | ||||||||
| Return on average tangible common equity (c) | 17.30 | 16.39 | 15.21 | ||||||||
| Adjusted return on average tangible common equity (c) | 21.09 | 17.38 | 15.21 | ||||||||
| Net interest margin (FTE) | 4.41 | 4.16 | 3.97 | ||||||||
| Efficiency ratio | 65.00 | 60.73 | 62.30 | ||||||||
| Adjusted efficiency ratio (c) | 55.64 | 58.27 | 62.30 | ||||||||
| Asset Quality Ratios | |||||||||||
| Non-performing loans (a) | $ | 9,828 | $ | 6,655 | $ | 4,911 | |||||
| Non-performing assets | 9,929 | 7,500 | 7,336 | ||||||||
| Net charge-offs | 67 | 138 | 41 | ||||||||
| Net charge-offs to average loans (b) | 0.02 | % | 0.04 | % | 0.01 | % | |||||
| Allowance for credit losses to total loans | 1.45 | 1.46 | 1.45 | ||||||||
| Non-performing loans to total loans | 0.58 | 0.47 | 0.32 | ||||||||
| Non-performing assets to loans | 0.59 | 0.53 | 0.48 | ||||||||
| Non-performing assets to total assets | 0.46 | 0.42 | 0.38 | ||||||||
| Allowance for credit losses on loans to non-performing loans | 248.71 | 311.50 | 446.02 | ||||||||
| Capital Ratios | |||||||||||
| Average stockholders' equity to average total assets | 9.92 | % | 9.94 | % | 8.74 | % | |||||
| Period-end stockholders' equity to period-end assets | 8.92 | 10.31 | 8.54 | ||||||||
| Total risk-based capital ratio | 14.29 | 16.40 | 14.90 | ||||||||
| Tier 1 risk-based capital ratio | 13.04 | 15.15 | 13.65 | ||||||||
| Common equity Tier 1 capital | 10.15 | 12.07 | 10.71 | ||||||||
| Tier 1 leverage ratio | 12.59 | 12.91 | 11.97 | ||||||||
| (a) | Non-performing loans include loans 90-days past due and accruing and non-accrual loans. |
| (b) | Annualized |
| (c) | Represents a non-GAAP financial measure. See the "Non-GAAP Financial Measures" section for a reconciliation of this measure |
Non-GAAP Financial Measures
(unaudited)
| Quarter Ended | Nine Months Ended | ||||||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||||
| 2026 | 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Adjusted net income: | |||||||||||||||||
| Net income | $ | 7,062 | $ | 7,326 | $ | 6,132 | $ | 20,131 | $ | 17,616 | |||||||
| Add: Acquisition Costs | 1,955 | 557 | — | 2,634 | — | ||||||||||||
| Less: Tax effect(a) | (411 | ) | (117 | ) | — | (553 | ) | — | |||||||||
| Adjusted net income | $ | 8,606 | $ | 7,766 | $ | 6,132 | $ | 22,212 | $ | 17,616 | |||||||
| Weighted average common shares outstanding | 6,999,449 | 6,895,811 | 6,908,248 | 6,931,289 | 6,942,053 | ||||||||||||
| Diluted weighted average common shares outstanding | 7,017,346 | 6,906,497 | 6,922,020 | 6,946,821 | 6,955,109 | ||||||||||||
| Earnings per common share | $ | 1.01 | $ | 1.06 | $ | 0.89 | $ | 2.90 | $ | 2.54 | |||||||
| Adjusted earnings per common share | $ | 1.23 | $ | 1.13 | $ | 0.89 | $ | 3.20 | $ | 2.54 | |||||||
| Diluted earnings per common share | $ | 1.01 | $ | 1.06 | $ | 0.88 | $ | 2.90 | $ | 2.53 | |||||||
| Adjusted diluted earnings per common share | $ | 1.23 | $ | 1.12 | $ | 0.88 | $ | 3.20 | $ | 2.53 | |||||||
| (a) | Represents the tax impact of the adjustments at a tax rate of |
| Quarter Ended | Nine Months Ended | ||||||||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||||||
| 2026 | 2026 | 2025 | 2026 | 2025 | |||||||||||||||
| Adjusted return on average assets: | |||||||||||||||||||
| Net income | $ | 7,062 | $ | 7,326 | $ | 6,132 | $ | 20,131 | $ | 17,616 | |||||||||
| Adjusted net income | 8,606 | 7,766 | 6,132 | 22,212 | 17,616 | ||||||||||||||
| Average assets | $ | 1,895,259 | $ | 1,803,267 | $ | 1,828,679 | $ | 1,847,395 | $ | 1,815,457 | |||||||||
| Return on average assets | 1.48 | % | 1.63 | % | 1.33 | % | 1.46 | % | 1.30 | % | |||||||||
| Adjusted return on average assets | 1.80 | % | 1.73 | % | 1.33 | % | 1.61 | % | 1.30 | % | |||||||||
| Quarter Ended | Nine Months Ended | ||||||||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||||||
| 2026 | 2026 | 2025 | 2026 | 2025 | |||||||||||||||
| Adjusted return on average common equity: | |||||||||||||||||||
| Net income | $ | 7,062 | $ | 7,326 | $ | 6,132 | $ | 20,131 | $ | 17,616 | |||||||||
| Adjusted net income | 8,606 | 7,766 | 6,132 | 22,212 | 17,616 | ||||||||||||||
| Average common equity | 187,933 | 179,233 | 159,900 | 181,838 | 155,690 | ||||||||||||||
| Less: goodwill and other intangible assets | (25,999 | ) | — | — | (25,999 | ) | — | ||||||||||||
| Average tangible common equity | $ | 161,934 | $ | 179,233 | $ | 159,900 | $ | 155,839 | $ | 155,690 | |||||||||
| Return on average common equity | 14.91 | % | 16.39 | % | 15.21 | % | 14.80 | % | 15.13 | % | |||||||||
| Adjusted return on average common equity | 18.17 | % | 17.38 | % | 15.21 | % | 16.33 | % | 15.13 | % | |||||||||
| Return on average tangible common equity | 17.30 | % | 16.39 | % | 15.21 | % | 17.27 | % | 15.13 | % | |||||||||
| Adjusted return on average tangible common equity | 21.09 | % | 17.38 | % | 15.21 | % | 19.06 | % | 15.13 | % | |||||||||
| Quarter Ended | Nine Months Ended | ||||||||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||||||
| 2026 | 2026 | 2025 | 2026 | 2025 | |||||||||||||||
| Adjusted Efficiency Ratio | |||||||||||||||||||
| Non-interest expense | $ | 14,945 | $ | 13,747 | $ | 12,821 | $ | 41,693 | $ | 37,589 | |||||||||
| Less: acquisition costs | (1,955 | ) | (557 | ) | — | (2,634 | ) | — | |||||||||||
| Less core deposit intangible amortization | (196 | ) | — | — | (196 | ) | — | ||||||||||||
| Adjusted non-interest expense | $ | 12,794 | $ | 13,190 | $ | 12,821 | $ | 38,863 | $ | 37,589 | |||||||||
| Net interest income | 19,290 | 17,258 | 16,865 | 53,650 | 48,300 | ||||||||||||||
| Non-interest income | 3,704 | 5,377 | 3,716 | 12,180 | 10,725 | ||||||||||||||
| Total income | $ | 22,994 | $ | 22,635 | $ | 20,581 | $ | 65,830 | $ | 59,025 | |||||||||
| Efficiency Ratio | 65.00 | % | 60.73 | % | 62.30 | % | 63.33 | % | 63.68 | % | |||||||||
| Adjusted Efficiency Ratio | 55.64 | % | 58.27 | % | 62.30 | % | 59.04 | % | 63.68 | % | |||||||||
| Quarter Ended | |||||||||
| September 30, | June 30, | September 30, | |||||||
| 2026 | 2026 | 2025 | |||||||
| Tangible common stockholders' equity: | |||||||||
| Total stockholders' equity | $ | 191,040 | $ | 182,794 | $ | 164,938 | |||
| Less: goodwill and other intangible assets | (25,999 | ) | — | — | |||||
| Tangible common stockholders' equity | $ | 165,041 | $ | 182,794 | $ | 164,938 | |||
| Weighted average common shares outstanding | 6,999,449 | 6,895,811 | 6,908,248 | ||||||
| Diluted weighted average common shares outstanding | 7,017,346 | 6,906,497 | 6,922,020 | ||||||
| Book value per common share | $ | 27.29 | $ | 26.51 | $ | 23.88 | |||
| Tangible book value per common share | $ | 23.58 | $ | 26.51 | $ | 23.88 | |||
| Book value per diluted common share | $ | 27.22 | $ | 26.47 | $ | 23.83 | |||
| Tangible book value per diluted common share | $ | 23.52 | $ | 26.47 | $ | 23.83 | |||
About Hawthorn Bancshares
Hawthorn Bancshares, Inc., a 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 providing a range of business and personal banking services and wealth management services. Hawthorn Bank operates branch offices in central, southern, northwest Missouri, and also the Kansas City metropolitan area, including one branch in Kansas.
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.
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