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 (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.
Hawthorn Bancshares, Inc. (NASDAQ: HWBK) has declared a quarterly cash dividend of $0.17 per common share, set for payment on January 1, 2023, to shareholders on record by the close of business on December 15, 2022.
This announcement reflects the company's ongoing commitment to return value to its shareholders as it continues to operate through its various Missouri locations.
Hawthorn Bancshares, Inc. (NASDAQ: HWBK) announced the appointment of Shawna Hettinger and John States as independent non-executive directors, effective September 28, 2022. Shawna Hettinger, with over 15 years in the construction industry, is the president of Streetwise, Inc., while John States has over 30 years of experience and is a member of Little Dixie Construction. The appointments aim to enhance the board's insight amidst the company’s growth in Kansas City and Columbia, MO, as stated by Chairman David T. Turner.
Hawthorn Bancshares (NASDAQ: HWBK) reported a net income of $4.5 million for the second quarter of 2022, reflecting a 32.1% decrease from the previous quarter. Earnings per share (EPS) stood at $0.66, down from $0.97 in Q1 2022. Despite these declines, the bank achieved a 7.0% increase in loans, totaling $1.4 billion, and a 5.1% rise in deposits to $1.5 billion. The net interest margin improved to 3.64%, up from 3.50% in the previous quarter. However, non-performing loans increased slightly to $17.8 million.
Hawthorn Bancshares, Inc. (NASDAQ: HWBK) has announced a quarterly cash dividend of $0.17 per common share. This dividend will be payable on October 1, 2022 to shareholders who are on record as of the close of business on September 15, 2022. Headquartered in Jefferson City, Missouri, Hawthorn Bancshares operates multiple branches across the state, providing various banking services.
The Board of Directors of Hawthorn Bancshares announced the re-election of Kevin L. Riley and David T. Turner as Class III directors during the Annual Meeting held on June 7, 2022. Both directors will serve three-year terms, expiring in 2025. Kevin L. Riley has been a board member since 1995 and recently retired from his role as co-owner of a local automobile dealership. David T. Turner has served since 1997 and currently holds the positions of Chairman, CEO, and President. Shareholders also ratified KPMG, LLP as the independent accounting firm for the fiscal year ending December 31, 2022.
Hawthorn Bancshares (NASDAQ: HWBK) has announced a 13.3% increase in its quarterly cash dividend, raising it by $0.02 to $0.17 per common share. This dividend will be payable on July 1, 2022, to shareholders of record as of June 15, 2022. Additionally, a special stock dividend of 4% per common share has also been approved for the same payment date. The company operates multiple locations across Missouri, including Jefferson City and St. Louis.
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