Welcome to our dedicated page for Hawthorn Banc news (Ticker: HWBK), a resource for investors and traders seeking the latest updates and insights on Hawthorn Banc stock.
Hawthorn Bancshares Inc. (HWBK) has been a cornerstone of Missouri's financial landscape since 1865, providing tailored banking solutions to individuals and businesses. This dedicated news hub offers investors and community members timely updates on the company's operations, financial performance, and local impact.
Access essential information including quarterly earnings reports, strategic initiatives, and community development programs. Our curated news collection simplifies tracking regulatory filings, leadership updates, and service enhancements while maintaining focus on Hawthorn's commitment to customer-focused banking.
Discover updates across key areas: financial results, branch expansions, digital banking innovations, and partnerships supporting Missouri communities. This resource combines official press releases with market analysis to provide context for both personal and commercial banking stakeholders.
Bookmark this page for streamlined access to Hawthorn Bancshares' evolving story. Verify time-sensitive details directly through SEC filings or the company's investor relations portal while using this archive for historical tracking and trend analysis.
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
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