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. reports recurring developments as the bank holding company for Hawthorn Bank. Company news centers on quarterly and annual earnings, net interest margin, loan and deposit trends, credit quality, capital ratios, book value and efficiency measures tied to its banking operations.
Other updates include board actions, director appointments and common-stock dividend approvals. The company’s business context includes commercial banking for small and midsized businesses, personal banking services, deposit accounts, mortgage and consumer lending, SBA lending and wealth management activities.
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.
Hawthorn Bancshares (NASDAQ: HWBK) reported a net income of $6.6 million or $1.00 per diluted share for Q1 2022, marking a 10.3% increase from the previous quarter. Loans increased by $37.9 million while total deposits decreased by $60.7 million. The net interest margin fell to 3.50%, down from 3.67% in Q4 2021. The bank experienced a significant reduction in non-performing loans to $17.1 million, leading to a more favorable allowance for loan losses at 1.07% of total loans. Capital ratios remain strong, indicating a 'well-capitalized' status.
Hawthorn Bancshares reported a net income of $22.5 million for 2021, reflecting a 58% increase from 2020, with an EPS of $3.40. In Q4 2021, net income was $6.0 million and EPS was $0.90, up from $5.2 million and $0.77 in Q4 2020. Total loans increased 1.2% to $1.3 billion, while deposits rose 9.6% to $1.5 billion. However, non-interest expenses climbed by 7.9%, influenced by legal settlements. The company maintains a well-capitalized position with a total risk-based capital ratio of 14.79%.