Hawthorn Banc - HWBK STOCK NEWS

Hawthorn Bancshares, Inc. (NASDAQ: HWBK) declared a quarterly cash dividend of $0.17 per common share and a special stock dividend of 4% per common share, both payable on July 1, 2023. Shareholders on record by the close of business on June 15, 2023 will be eligible for these dividends. This decision reflects the company's confidence in its financial health and commitment to providing returns to its shareholders. As a financial-bank holding company based in Jefferson City, Missouri, Hawthorn Bancshares operates multiple branches across the state, contributing to local economies.

Hawthorn Bancshares (NASDAQ: HWBK) reported a net income of $3.3 million for Q1 2023, down 30.8% from the previous quarter and 50.5% year-over-year. Earnings per diluted share (EPS) fell to $0.48 from $0.70 and $0.97 respectively. The decline in net income was primarily due to lower net interest income and an increase in provision for credit losses. Despite a 1.4% increase in loans, which totaled $1.5 billion, total deposits decreased by 1.5% to $1.6 billion. The net interest margin declined to 3.16%. The company adopted the Current Expected Credit Loss model, resulting in a $5.6 million adjustment to retained earnings. Chairman David T. Turner expressed confidence in growth opportunities despite the results.

Hawthorn Bancshares, Inc. (NASDAQ: HWBK) reported a net income of $20.8 million for 2022, translating to $3.06 per diluted share, down from $22.5 million or $3.27 per share in 2021. The fourth-quarter net income was $4.7 million, with $0.70 per diluted share, showing a decrease from the previous quarter and last year. Loans saw a significant increase of 16.8% year-over-year, totaling $1.5 billion. Deposits grew by 7.6% to $1.6 billion. Although the net interest margin fell to 3.53%, the company maintained a

Hawthorn Bancshares, Inc. (NASDAQ: HWBK) announced a quarterly cash dividend of $0.17 per common share, payable on April 1, 2023, to shareholders of record by the close of business on March 15, 2023. The company operates Hawthorn Bank with locations across various Missouri communities, including Jefferson City, St. Louis, and Springfield. The Board of Directors' approval of this dividend reflects the company's commitment to returning value to shareholders. However, investors should be mindful of potential risks associated with forward-looking statements that may impact actual results compared to projections.

Hawthorn Bancshares, Inc. (NASDAQ: HWBK) reported a net income of $4.9 million, or $0.73 per diluted share, for Q3 2022. This is a 9.8% increase from the linked quarter but a 15.0% decrease compared to Q3 2021. Loans rose by $64.2 million (4.5%) while deposits grew by $62.0 million (4.0%) from the linked quarter. Although net interest income increased to $15.1 million, the net interest margin fell to 3.56%. Non-performing loans decreased significantly to $17.3 million, benefiting from improved asset quality.